Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Pull back on tiny volume. I am not sure where they are taking it but the pull back was already looking overdone. We must be heading for an almighty recession for copper miners to be pulling back when a shortage of supply already exists.
$34M, It's all there in the supporting document, you just have to open it!
It is the gold and copper prices that remain as an unknown. Everything is on a pull back of late. I have kept cash back in case this happened and I actually took a little off the table this morning where I had a small profit. Will re-deploy when things settle down in a few days time.
Time to add a few which I have. This is the last negative piece of news I think.
Just give us the 2024 production target too, it's not that hard.
Also the new mine is "NPV positive" from their previous RNS. Well that's great. So what *is* the NPV? It's not that hard.
Unfortunately income is down 8% for the year and expenditure is a lot higher as the company invests for growth. A bit like Shanta gold in 2021/22. Probably will settle back a few pennies.
Have held AAZ for many years now, the company always seems to understate its achievements. Whilst I hold many different Goldies I must admit That AAZ is the most proactive company when moving forward on future developments as RNS today.
I like the holding in Libero ,the fact that AAZ pays a Divi, produces and sells GEO's and granted extra licences. So hope to see the SP gradually get back to the past highs of £1.75 and beyond. Good luck all investors here.
They appear to have prioritised the current new mine development for this year and then Zafar follows a construction timeline afterwards and is on line November 2024. The 2025 and 2026 output from Zafar is equivalent to 50% of Gedebek at its peak. The peak of copper output arrives at a time when the market demand will be huge. Pricing at $1650 equivalent gold per ounce looks attractive suggesting good cost control for AISC and profitable return. I suspect Gedebek will still be producing. It would be helpful to have a production profile for all the mines together to 2026.
shows just how fast and agile AAZ is. Well done lads.
Libero Copper shares have performed poorly over last few years........but I guess it could turn up one day although seem to be perpetual fund raises which we always subscribe for more........
https://www.youtube.com/watch?v=FgRuKkPAIHA
Background.
Mocoa Columbia 232,000 tonnes inferred Moly and 2M tonnes of inferred copper (world production of moly is 279,000 tonnes per year.
Excellent news.
My tactic is now to hold for a confirmed bottom and buy more with a trend being a friend again. The upside here is when the company gives a projection for its annual production in GEOs. Hopefully it is is 10-15% higher than last year. Zafar could be on stream mid Q3. The production output for the next two years looks promising. AAZ to outperform the metal prices. Dividend looks secure. AAZ at 4.7% of my portfolio and further buys to uplift to 6.5% later.
Changed my mind here, she's really struggling with getting over the other side of that 50ma.
Sold out
Continuing to add.
I expected a pull back but this now trades like HOC. I am sure it will go back up later in the year. The key is having a pool of overweight volume of shares with a 95p ish average and go for core weight holding after a 15p rise and getting a nice divi on it. Covers annual inflation after taxes and costs.
Seems many miners off the boil now. This is often illiquid so leads to greater volatile.
Anyone any idea what’s happening with AAZ sp dropping on low selling volume…seems oversold big time…
The last two tranches I will be buying will be quite an average down at this rate.
Large buys here showing as sells as one of them was mine ;)
Added second bigger tranche average down on previous of 10p.
gold5, you were right. Have you bought anything else in the past few days to give us anymore oversold share tips ?
It happens to all of us. Another gold/silver miner I just bought has also gone down. IMO It's a sector wide trend, despite the highest gold prices being reached again, also profits must have been taken from the recent rise here.
Re copper supply...Take a look at what's happening in peru
acquired some today @104.88. Will now drop as is always the way until interest rates settle.