Anglo Asian Mining Share Discussion Threads

[chestnuts] 05/3/2024 00:24

Pogue

If the creditor nations say you cant have any more debt and the debt which your are rolling over we want 10% interest and i think its coming then its game over and the west will have to do what its creditors want and a gold standard where gold floats, which then makes governments balance there books will happen. The dollar standard will end just like the GBP standard failed in Sept 1931.

[riggerbeautz] 04/3/2024 22:51

That reason is presumably to further exit themselves from a petrodollar system, to something else; with many guessing it could be gold backed. What price gold then if so?

[pogue] 04/3/2024 22:26

Not so sure but it's possible. I don't see the advantage for the UK or US to tie themselves into gold when they have so little of it and it would restrict thier money printing which it's the only way they can cover thier debts. The Chinese, and the Russians, have been hovering up gold for a long time for a reason.

[chestnuts] 04/3/2024 21:59

Pogue

The Chinese know the pitfals of have a currency gold backed , my thoughts is that gold will float and all currency will link to them, which is not the same as currency backed by gold ,

[katsy] 04/3/2024 21:32

Just something to be aware of

The United Kingdom government recently released statutory instrument documentation stating that U.K. law enforcement authorities will be able to freeze crypto assets used in crime without requiring a conviction from the end of April.

[wrighty46] 04/3/2024 21:31

Lol cheers mate, I've been waiting over 10 years for what is about to hopefully happen. 25year field development plan approval and granting of licence to sell at world market prices. Should be $20 a share plus imo.

[wanobi] 04/3/2024 21:21

WOWZER, nice one w46 :-) :-) Cheers Wan :-)


free stock charts from uk.advfn.com

[wrighty46] 04/3/2024 21:18

Tethys petroleum I hope a few had a look into it when I mentioned it at $1 a couple of days ago. Now $1.71 and Morgan Stanley buying thousands of shares. GLA

[sideshowbull] 04/3/2024 19:01

MEN chart update:

What gap fill?

Anyone who has been around a bit knows PP, is the filth of the Earth and likes it.

No advice, I am true to my TA and can't lie.

PPPPlacing?

I hate this.

BWTFDIK

[katsy] 04/3/2024 18:47

Ah ok thanks, stand corrected.

[mattjos] 04/3/2024 18:32

the hedge was only in place until end December 2023.
We don't have any hedges in place so, at least, the paltry monthly production should be achieving near-spot prices.
Revs are keeping the light on but little else.

[katsy] 04/3/2024 18:26

They may only be producing enough gold to meet their hedging obligations at somewhere in the $1900s/oz (Can't remember the price).

[digger18] 04/3/2024 18:23

The same one JB. Sorry but I just don’t get it! No excuse I’m afraid. You don’t let a car run down to the fuel warning light if you are in a long journey with no other form of transport.
Anyway I agree that I am a broken record.
Just give us some news!!

[all in eol] 04/3/2024 18:09

Thanks for the MEN chart Wan, I hope that gap will be filled on the next GHC IPO news.

[sideshowbull] 04/3/2024 18:03

BTC chart shared to THE CULT.

Sharing here too as most forums still don't understand.

No advice.

BWTFDIK

[jbravo2] 04/3/2024 17:55

:D
A new Groundhog Day
Or the same one

[wanobi] 04/3/2024 17:55

although I am wary of the GAP when I say this,,, but, TXP may go on a nice run now :-) GLA holders, Cheers Wan :-)


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[wanobi] 04/3/2024 17:52

TXP - Malcy's view fwiw ,, Cheers Wan :-)

""This is another good announcement from TXP, the additional and Amended Bank loan facility has been put in place to finance the 2024 capital programme as they presented in the budget guidance offered last December.

As regards the drilling programme much is on the go, the Cascadura-3 development well and the cO-374 well both having spudded are drilling ahead and are expected to execute the drill to fill strategy, Right now that means that Touchstone is fully funded and has all the infrastructure in place to progress on all fronts.""

[laurence llewelyn binliner] 04/3/2024 17:38

#Digger18, the 2nd tailings pond would have been done by now if it had not have been for the local protests kicking off which caught us out, but that said a mitigation plan should have been run alongside in hindsight raising the 1st one rather than relying on the build of a 2nd..

[digger18] 04/3/2024 17:26

I know it’s water under the bridge, but I still don’t understand why they left the wall raise so long, when it was absolutely fundamental to business continuity?
This was known way before the protests, so that’s what I find more frustrating than the permission at this point. This Dam raise should have been completed 12 months ago, when we had time and money. Why wasn’t it done at that time? This saga would have been far less painful in terms of financial burden.

[wanobi] 04/3/2024 15:56

could be a blessing in disguise jeanesy if the $ continues to weaken against gold,, we could be selling our limited gold supplies now at 2100 or, in 6 months from now at 3000, cough cough splutter,,, maybe,,, yeah right Wan,,, if we don't run out of cash/lenders in the meantime !!! grrr!!! LOL :-) Cheers Wan :-)

[lefrene] 04/3/2024 15:54

If the Azeri government is hoping for international inward investment, then they seriously need to up their game. AAZ has done nothing wrong whatsoever and this treatment of deliberate delays feels like a vindictive punishment for running a faultless operation.

I doubt it will go unnoticed by potential inward investors. It smacks of Banana Republic. If the president leaned in to shut the operation on false information, surely he can lean in again and get the dams cleared for improvement/construction!

[jeanesy] 04/3/2024 15:45

with the POG at all time highs now should be a brilliant opportunity for a gold miner. Sadly without that TD raise we can't make the most of the opportunity that is being presented. Seems to me that we are a critical point in the history of the company and like you WAN i am becoming fearful.