Anglo Asian Mining Share Discussion Threads

[2cmb] 04/12/2024 09:31

Guys this is well worth a read IMO.
What will the Next Stock Market crash look like ?? It sure makes you wonder 🤔.

[bumpa33] 04/12/2024 09:17

Candy has made a fortune screwing people over in property development - no prizes for guessing why he’s attracted to the stock market these last few years…

He must be like a kid in a candy store - no pun intended.

[someuwin] 04/12/2024 09:13

Podcast publisher Audioboom LSE:BOOM up 50% in last few weeks, something brewing? Largest holder Nick Candy has been active of late so anything is possible.

[bumpa33] 04/12/2024 08:11

How are those TET results Looking Rb - Seem to be well received?

[2sporrans] 04/12/2024 07:53

Digger

"I assume no news until commencement of mining at Gilar."

If nothing else, there will be the Q4's, back end of 2nd week of January.

These will be interesting, in that they will reveal, pretty much what can be produced from the existing mines, alone, with the plant fully op.
There seems to be several years of 'tail end' contribution these can provide as a companion to Gilar.
That's going by the production projections AAZ have made in their last 2 or 3 presentations, plus other snippets of information I've picked up on over the past year.
Gedabek mines may well still be producing, significantly, come 2030.

Also, if the Q4's show that AAZ can be net cashflow +ve, just off existing mines, this ought to be well received.
Consideration will be due wrt ongoing OPEX/CAPEX and any debt repayment.
Might be the cash in bank goes up, depending on those.

Of course, a lot of the CAPEX will be on the development of Gilar.

When will production ko?
Could well be in February or even March.
A lot depends upon how much more water is encountered as the ramps and passages to access the stopes are constructed. How fractured the rock, the other main impediment.
This access phase may already have commenced.

Who knows, AAZ may even give us an update over coming weeks.
Expect we will have to await the Q4's for one though.

[michaelfenton] 04/12/2024 04:36

Brasso3 - I imagine that AAZ needs all it's available resources back home.

[brasso3] 03/12/2024 23:34

Why are AAZ not participating in the fund raise at Libero?

[riggerbeautz] 03/12/2024 21:56

Not one to stray onto politics much, but South Korea WTF!! Well now there is prime example of a stupid politician, for me anyway.

[stevea171] 03/12/2024 21:48

That seems to be the case.
But AAZ's holding is diluted along with everyone elses ....

[all in eol] 03/12/2024 21:45

Thanks. Presume AAZ haven’t taken part?

[stevea171] 03/12/2024 21:43

More dilution at Libero. $3 million funding at 35c plus warrants.

[digger18] 03/12/2024 21:13

Not trading, just holding long.
I assume no news until commencement of mining at Gilar. Not sure about Demirli as there are a number of hurdles, but there may be an update pre Xmas.

[all in eol] 03/12/2024 20:22

You lot are very quiet? No one trading AAZ at the moment? 🤔

[thiopia] 03/12/2024 20:06

some broker should change their name (or licence it from wbac) to WeBuyAnyStock.com

[hubs] 03/12/2024 18:28

I sold my wife's car a few weeks ago, she won't be driving again, but will leave the money for future transport. Put the money into SEA, but similarly now out of SEA, but I am able to leave +50% now in the bank, plus a little for Isa. Good when I occasionally get it right, and to use that for something tangible...guys your discussion of it certainly helped my thinking - thankyou. gla.

[riggerbeautz] 03/12/2024 15:52

Well done Pogue and Bumpa, wished I'd have followed my gut instinct again with GNC this morning D'ohh! Another D'ohh i'm hoping to reverse was going early on TET last month, back in for another go today, I'll not get bitten 3 times though, hoping for a move later this week.

[bumpa33] 03/12/2024 15:11

FIN now slipping, TU must be soon, minimal volume - got spooked on that on mm’s flipping the form on naff all vol.

[bumpa33] 03/12/2024 15:08

might turn out to be a fortuitous fat finger Pogue, you never know. Banking profit is a good thing regardless, well done on the excellent gain 👍🏻👍🏻

[pogue] 03/12/2024 15:05

I expected SEA to rise further today I must admit from the presentation. All postitive only thing missing was near term news so everyone out. Last time the promise of news in December on farmout prompted the rise I can see now in retropsect.
I sold most of my holding in error today though. I had a trading amount I was going to sell but a fat finger error means I sold 2/3rds of my holding bought in the teens and 20s. Profit is a profit I guess lol
Will buy back at a later date I feel this is going to drift for a little while, or I hope it does anyway :0)

[bumpa33] 03/12/2024 15:00

Got bang on the low yesterday - didn’t get the high today, too slow. Mid 40’s too I thought was a decent chance but not to be. Not today anyway. Decent profit as went in relatively heavy, but perhaps not worth the stress be told 😳

[riggerbeautz] 03/12/2024 14:18

Thought I'd got in low enough yesterday, but a 2p gain was barely worth the effort! Guess a bit like yourself, was hoping it would get to the mid 40's, but not to be, not sticking around when it was just on gut instinct from yourself and Pogue's musing in the main.