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AAZ Anglo Asian Mining Plc

72.00
2.00 (2.86%)
21 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Anglo Asian Mining Plc LSE:AAZ London Ordinary Share GB00B0C18177 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  2.00 2.86% 72.00 70.00 74.00 72.00 70.00 70.00 612,368 10:12:37
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec 45.86M -24.24M -0.2122 -3.39 82.25M
Anglo Asian Mining Plc is listed in the Miscellaneous Metal Ores sector of the London Stock Exchange with ticker AAZ. The last closing price for Anglo Asian Mining was 70p. Over the last year, Anglo Asian Mining shares have traded in a share price range of 36.50p to 97.50p.

Anglo Asian Mining currently has 114,242,024 shares in issue. The market capitalisation of Anglo Asian Mining is £82.25 million. Anglo Asian Mining has a price to earnings ratio (PE ratio) of -3.39.

Anglo Asian Mining Share Discussion Threads

Showing 142351 to 142371 of 146950 messages
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DateSubjectAuthorDiscuss
04/3/2024
07:13
They have NO extra money - no further draw down - UNTIL they come up with 25m of the bond finance.
bumpa33
04/3/2024
07:13
Read the detail.
bumpa33
04/3/2024
07:11
PXC seem to have got some money for the next few years...imagine the share price will rise off the back of that
bazboa
03/3/2024
20:44
Bumpa
re AVCT yes its a positive article but it got me looking again at AVCT. I am reading around the story just now thinking there is a trade there. This maybe near a bottom and it will rise as optimism returns.

pogue
03/3/2024
20:36
That's the thing digger holding gold is a position its not a would/could thing. If you are holding physical gold why are you doing it and what do you hope to achieve? The outlook most goldbugs I have spoke to are preparing for is the collapse of the $/(and other western currencies) which is a viable thought. However how does gold help you when governments will try and stop anyone escaping the collapse and want to do everything possible to support their currency which includes banning gold which as I pointed out is something that has happened previously.
I put all my arguments as may or possible but logically this is where we are going. Trying to see if there is another view point. As I said its a debate, I am trying to be open to ideas from those that hold gold but cannot see the point.

pogue
03/3/2024
20:29
Matt

I think you will find the printing will become quicker as the USD devalues ie the USD as devalued already by 20% in the last 3 yrs so your 100 days will be soon 50 days.

chestnuts
03/3/2024
20:05
Biden is not about to cut spending so safe to assume USA debt will keep increasing at that rate of $1Trn every 100 days between now and 5th November.
Trump is not the sort of person to reign in Fiscal expenditure either so, arguably, USA debt pile will simply keep growing at that rate for the next 4 year and 8 months .. circa $16Trn more debt.
That'll be $50Trn by Nov 2028 - getting on for 2 x annual GDP.
For as long as there are buyers (the FED included) they'll simply keep on issuing more and more.
The more 'dangerous' & less appealing USA Foreign Policy can make the rest of the world appear, the greater the number of buyers there will be for 'safe' USA debt.

mattjos
03/3/2024
19:58
That may be a BTC bull flag IMO did post to THE CULT

No advice

BWTFDIK

SSB

sideshowbull
03/3/2024
19:57
I see gold as insurance rather than an investment. If you are worried about 'compulsory purchase', buy Krugers or other (non-US) coins.
1knocker
03/3/2024
19:50
Pogue - interesting article on AVCT, the problem with these type of synopses is that they take the “story” on face value alone. That’s not usually a good idea…

Mentions NSCI, also an interesting proposition with their stake in PDS.

bumpa33
03/3/2024
17:35
I was referring to the value of buying/ holding gold! Ie what would/could, may/May not governments do based on scenarios that you suggested. So I am saying, it’s out of our control and you make your own choices, but either way, not worth worrying about.
digger18
03/3/2024
16:40
Its called a debate Digger and its about commodities not seeing why I should be sad or suicidal as you seem to indicate for some reason. Thanks for your concern.
Take care.

pogue
03/3/2024
13:21
Ifs, buts, would’ve, could’ve, should’ve and maybes. Sounds like investing in the stock market and life in general!
Don’t take it too seriously or you could end up doing something sad!
Enjoy your Sunday!!

digger18
03/3/2024
08:03
hmm, yes, maybe, never say never,,, who knows!! :-) LOL :-) what a world we live in!!
wanobi
03/3/2024
07:56
Good morning all, Cheers Wan :-)
wanobi
03/3/2024
00:46
That is not going to happen again .. just about every US citizen now has an automatic weapon of some sort or anther.
Can you really imagine Texans giving up their Gold?

mattjos
03/3/2024
00:06
Wan
gold has proven not to be safe in the past
'In 1933, Executive Order 6102 had made it a criminal offense for U.S. citizens to own or trade gold anywhere in the world, with exceptions for some jewelry and collector's coins. These prohibitions were relaxed starting in 1964 – gold certificates were again allowed for private investors on April 24, 1964, although the obligation to pay the certificate holder on demand in gold specie would not be honored. By 1975, Americans could again freely own and trade gold.'

pogue
02/3/2024
19:12
free stock charts from uk.advfn.com



free stock charts from uk.advfn.com

wanobi
02/3/2024
19:10
"you can't have a currency operating out there with a sovereign currency and hold its value indefinitely"

"bitcoin is riskier than gold in the sense that there is a non zero chance that the investment gets heavily disrupted in some way, whereas with gold you know that by the end of the decade you're still going to have it"

:-)

wanobi
02/3/2024
16:33
AIMC are certainly trying hard to promote a greener policy, sympathetic to the community.
Posted yesterday:
Our company pays great attention to environmental protection, development of civilization and geological discoveries. For this reason, AIMC became one of the sponsors at the International Geology-Mining Forum held for the first time in our country. Along with fulfilling our environmental commitments, we continue to take sustainable steps for the future.

Our company prioritizes environmental protection, mining advancement, and geological exploration. That's why AIMC proudly sponsors the inaugural International Geology-Mining Forum in our country. Beyond meeting our environmental responsibilities, we persist in taking sustainable strides toward the future.


#AIMC #gold #mining #GoldenGadabay

digger18
02/3/2024
14:24
Alistair Macleod highlighted something interesting on Friday regarding the number of Gold contracts which stood for delivery:

"The stand-out feature is the acceleration of deliveries — 2,005 gold contracts were stood for delivery this week, making the total for February 18,118 contracts, representing over 1.81 million ounces (56.35 tonnes). In silver, yesterday the figure was a huge 2,858 contracts of 5,000 ounces each (444.47 tonnes), making the total for February 563 tonnes. When Comex set up these contracts, this was never expected; contracts were meant to be closed at expiry and delivery was the notional means of tying the paper contract to the metal.

This problem has been building for some time. The question which arises is where is it all going? We know that central banks are adding to their reserves, and for some of the minor ones a Comex contract allows them to jump the queue for delivery from the refiners. To this we can almost certainly add ultra-high net worth individuals and their family offices, not so much in the west, but one suspects in Asia, where new billionaires are being created: think India. Chinese demand continues apace, where deliveries out of the Shanghai Gold Exchange in January were a whopping 271tonnes, only the second highest figure to 285.5 tonnes in July 2015. In the last twelve months, these deliveries totalled 3,344 tonnes which is approximately annual global goldmine output."



I had not fully appreciated or thought abut how a paper contract may be used by some to 'jump the queue' for delivery from refiners .. presumably those holding the contract and then standing for delivery at the contract end are doing so with a firm belief that the future price, beyond the contract end date, is going to be higher and/or that acquiring the phyiscal gold on the open market may be more difficult / more competitive in the future than it is today.

I wonder if those that run COMEX may start to identify paper contract buyers who they believe intend to stand for delivery and introduce some sort of action that restricts their ability to buy the contracts in the first place. I believe historically they have time-to-time tried jacking up the margin rates to try and restrict buyer's size.

I suspect some of the Gold price strength may be related the March 11th end date for the Bank Term Funding Program.
Once this facility ends, those financial instiututions that were using the program to mask mark to market valutions for under-water Treasuries and MBS are likely to be in trouble if they have not managed (over the intervening 12 months) to improve their liquidity positions, particularly if the FED does not cut rates as is widely anticipated this year.

It will be more than just interesting to see what happens once the BTFP end in just nine days time & whether or not its ending precipitates another round of tension in the banking sector in turn forcing the FED's hand in either cutting rates (earlier than inflaiton may indicate is necessary) and/or introducing some new scheme to again prop up the banking sector.

mattjos
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