Anglo Asian Mining Share Discussion Threads

[bumpa33] 03/12/2024 10:51

great presentation - but took the trade at a shade over 41.5 as the sells came in 🙄🙄🙄

[wanobi] 03/12/2024 09:05

nice one chaps,,, chart certainly ready to rumble :-) :-) :-)


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[wanobi] 03/12/2024 09:04

Good morning all, Cheers Wan :-)

[bumpa33] 03/12/2024 08:59

early days Pogue, I’m expecting Menzies and Co to be on top form in the presentation and to come out swinging, as it were. 🤣

2cmb - I try my best not to mince my words…!

[2cmb] 03/12/2024 08:41

LOL Bumpa' you do put a smile on my face reading your post. :-)

[pogue] 03/12/2024 08:32

Looks like you called SEA right again Bumpa. I hope we get the rise we should have got yesterday there, assuming the seller has gone.

[bumpa33] 03/12/2024 08:01

SEA very well bid on the open, next to no offer currently.

[riggerbeautz] 03/12/2024 07:11

GNC caught my eye, another outperforming; they do exist!

Bumpa did say had just been kicking dirt.

[bazboa] 02/12/2024 21:55

Have I read that right....£90m for CNR....anyone know what it produces

[riggerbeautz] 02/12/2024 21:32

Or greed ;)

[jbravo2] 02/12/2024 20:21

Yep, the levels of incompetence in some board rooms is only matched, and enabled, by the idiots on the shareholders register.
It’s hard to have sympathy for anyone who has been caught out by Kefi. Any limited research should ring alarm bells
Perhaps it’s not just incompetence. Perhaps it’s cynical manipulation in some cases

[katsy] 02/12/2024 20:06

I see fat Arry Adams has shat on kefi shareholders again with a massive placing. Boy do those idiots not get it. They were all topping up last friday on expectations of great news this week.

[pogue] 02/12/2024 17:57

Cheers Wan I forgot about the Canada tarriffs if that's applied to oil there will be major problems in the US as they supply 55% of US imported oil.

[2cmb] 02/12/2024 17:42

This sector seems to be heating up !!

[wanobi] 02/12/2024 17:23

Seascape Energy, an E&P company focused on Southeast Asia, has been notified that following on from the shares placing announced by the Company earlier today, James Menzies (Executive Chairman) has purchased a further 158,806 ordinary shares of 10p each in the share capital of the Company.

Following this announcement, James Menzies will hold a total of 2,220,604 ordinary shares of 10p each in the share capital of the Company equivalent to 3.5% of the total enlarged issued share capital of the Company following today's placing.

[bumpa33] 02/12/2024 17:13

that’s a good point though re: uncapped costs for the well…

[bumpa33] 02/12/2024 17:13

to be fair, Malcy’s always keen.

[wanobi] 02/12/2024 17:07

Malcy's keen, Cheers Wan :-)

""Today’s announcements from Seascape confirm a fantastic farm-out of Block 2A offshore Sarawak, Malaysia to Inpex Corp whilst also landing a useful raise which will take the company through the completion of the deal and take them through to operational activity which in my view will make Seascape a hugely valuable company.

The mechanics of the twin announcements today make a great deal of sense and by releasing a good farm-out along with a raise that includes existing and new shareholders as well as a very decent injection from directors shows their confidence and giving skin in the game.

Seascape has impressed with its first rate relationships in South East Asia which have led to being awarded this very hot acreage when other, larger, more financially powerful companies may have expected to have been chosen. To have now made this strong deal with Inpex rewards the trust shown by the Government and will bring in a powerful partner whilst allowing Seascape to keep a stake in a potentially huge field and thus reward shareholders significantly.

To put this in perspective Seascape has a free carry on a huge well at no cost to them, costs are uncapped so they have no worries about costs going above budget and if the well should come in there is every chance that their 10% of a discovery could be a massive, company game-changer and that could see the company valued at a huge premium, either by the market or by one of the many E&P companies circling in the area. Also with such a good start, more deals or licences in such a good post code might be just the start for Seascape.

Readers will know that when James Menzies announced that the was establishing a long SE Asia/ short Norway policy back in June that I went all in, advising shareholders not to wait for any shilly shallying around and that a ten bagger was the very minimum from the 6p level then.

Now, having raised money at 35p my view will have to be changed as a run to 60p and that ten bagger is looking like too conservative a target. So, if the well was to come in I would expect a very minimum of 600p possibly more and so will set a shorter term target of 350p being a ten bagger from here. ""

[mattjos] 02/12/2024 16:20

Yes, Darren Bowden cleary knows what he is about and turned around Runruno.
Can't believe that Candy will not first have discussed Condor with him and others.
In interviews earlier this yer, Darren was pretty clear that Candy's vision was to take MTL to a $Bn mkt cap & that can only be achieved with some M&A.
Am willing to let things run on for a bit yet & see what emerges after the initial furore has died down, particularly given price of Gold.
La India is so relatively close to Calibre's assets & a candate for the Hub & Spoke strategy that it is always likely to feature on their radar, even if not today.

M&A does appear to be picking up in the sector

[pogue] 02/12/2024 16:18

With you there Bumpa but surely people can read an RNS? Last time it may have surprised a few people watching the presentation and seeing the numbers this time it was what everyone was waiting on, the ability to move forward and get some cash in the bank at the same time. Maybe not 100% perfect but the show rolls on to bigger and better things to come.
Edit
how the hell did it go negative today! Thats some churn.

[2cmb] 02/12/2024 15:56

MTL was a disaster in the earlier years because they could not get the bio.processing plant to work correctly.
Then Darren the current CEO was brought in from the Middle East, If I remember correctly, I think he has worked in South America in his past as well, he got things sorted out over time at MTL.
Candy,I would not trust him far as I could throw him !!
I know little about CNR.

[bumpa33] 02/12/2024 15:48

it’s not moving because stock is still churning. If you recall it didn’t move on DEWA news either for the same reason. And then it didn’t stop moving. The presentation tomorrow is going to be uber bullish. Let’s see…

[pogue] 02/12/2024 15:42

RB
tomorrow is the day if it doesnt rise then its long term. I cannot see how this has not moved.