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AGG - AngloGold Ashanti

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January 18, 2022
Corvus Gold and AngloGold Ashanti Announce Completion of Acquisition of Corvus by AngloGold Ashanti

Johannesburg, South Africa and Vancouver, B.C. – AngloGold Ashanti Limited (“AngloGold Ashanti”) (JSE:
ANG, NYSE: AU) and Corvus Gold Inc. (“Corvus” or the “Company”) (TSX: KOR, NASDAQ: KOR) are pleased
to announce the successful completion of the previously announced plan of arrangement under the Business
Corporations Act (British Columbia) (the “Arrangement”) between Corvus, 1323606 B.C. Unlimited Liability
Company (the “Purchaser”) and AngloGold Ashanti Holdings plc (the “Guarantor”). The Purchaser is an
indirect wholly owned subsidiary of AngloGold Ashanti and the Guarantor is a direct wholly owned subsidiary
of AngloGold Ashanti. Pursuant to the arrangement agreement, dated as of September 13, 2021, by and
among Corvus, the Purchaser and the Guarantor, the Purchaser, among other things, acquired the remaining
80.5% of the outstanding common shares of Corvus (the “Corvus Shares”) not already owned by AngloGold
Ashanti and its affiliates (collectively, the “AGA Group”).
As previously announced, the Arrangement was overwhelmingly approved by Corvus shareholders and
optionholders at a special meeting held on January 6, 2022. On January 11, 2022, the Company obtained the
final order from the Supreme Court of British Columbia approving the Arrangement.
Under the terms of the Arrangement, shareholders of Corvus (other than the AGA Group) will receive C$4.10
in cash per Corvus Share.
Alberto Calderon, AngloGold Ashanti’s CEO and Executive Director said “The acquisition of Corvus provides
AngloGold Ashanti with compelling, district-wide consolidation in Nevada. The combination of Corvus’ assets
along with our own neighbouring targets, including Silicon, Merlin and Rhyolite, provides the opportunity for
the Beatty District to become a potential Tier 1 asset with first production in approximately the next three years.
We look forward to further engagement with local stakeholders as we develop the Beatty District.”
Jeffrey Pontius, President and CEO of Corvus, said “We are delighted to close the transaction with AngloGold
Ashanti, achieving our strategic goal for the Company of value creation for the Corvus shareholders. AngloGold
Ashanti’s long history of success and responsible exploration, development, mine building and operations will
further augment the exceptional discoveries at the North Bullfrog and Mother Lode projects. I would like to
thank the shareholders for their overwhelming support throughout the years and the whole team at Corvus.
Today is a culmination of a very successful journey at Corvus.”
As previously announced, AngloGold Ashanti intends to cause the amalgamated entity to delist its shares from
the Toronto Stock Exchange and has submitted applications to the relevant securities regulatory authorities in
Canada to cease to be a reporting issuer.
In connection with the closing of the Arrangement, in coordination with the Nasdaq Capital Market (the
“NASDAQ”), a Form 25 relating to the delisting of the amalgamated entity’s shares will be filed with the U.S.
Securities and Exchange Commission (the “SEC”) on January 18, 2022 and trading in the amalgamated
entity’s shares will be suspended on the NASDAQ on January 18, 2022. The amalgamated entity expects the
delisting of its shares to become effective 10 days following the filing, or January 28, 2022. The anticipated
effective date may be delayed if the SEC postpones the effectiveness of the application to delist for other
reasons. Concurrent with the delisting from Nasdaq, the amalgamated entity intends to file a Form 15 with the
SEC to terminate the registration of its shares under the U.S. Securities Exchange Act of 1934, as amended
(the “Exchange Act”) and to suspend its reporting obligations with the SEC under the Exchange Act. The
amalgamated entity expects that its obligation to file reports with the SEC will be suspended immediately upon
the filing of the Form 15. The amalgamated entity reserves the right to delay the filing of the Form 25 or Form
15 or withdraw either form for any reason prior to its effectiveness.

=============================================================================

DYOR

i hold AGG ( 'free-carried' )
 
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Good morning
Some recent announcements.

  • 27 February 2023 – Delta Drone International Limited (ASX: DLT), a Global drones-as-a-service provider, is pleased to announce its operating division, Rocketmine WA Pty Ltd (Rocketmine), has formalised a two-year contract with AngloGold Ashanti Australia Limited (AngloGold) – Sunrise Dam gold mining operation in Western Australia;
  • Drone surveying services are for the Sunrise Dam Gold Mine. Services will include monthly aerial surveying of ore stocks, tailings storage facility, and other infrastructure as required, provided by a dedicated on-site drone specialist

  • Production of 2.742Moz came in at the upper half of guidance and represented an 11% increase in production over 2021;
  • Gold production in the second half of 2022 was 22% higher than the first half, with strong production performances recorded at Obuasi (+75%), Geita (+52%), Serra Grande (+26%), Tropicana (+23%), Iduapriem (+16%), AGA Mineração (+16%) and Kibali (+15%);
  • The improving grade profile following the reinvestment programme across the portfolio was a key driver of the overall production increase. Grades were 10% higher on average versus the prior year, with those in the fourth quarter of 2022 17% higher than in the first quarter of 2022;
  • Despite significant volatility in the macro environment impacting input pricing and inflation across the industry, total cash costs increased by 6% year-on-year from $963/oz in 2021 to $1,024/oz in 2022;
  • All-in sustaining costs (“AISC”) were 2% higher year-on-year at $1,383/oz in 2022 versus $1,355/oz in 2021;

  • Overall, the Company achieved its production, AISC and total capital expenditure guidance. Total cash costs were less than 1%, or $9/oz, above the top end of guidance given the high global inflation rates throughout the year;
  • The Company generated free cash flow of $657m in 2022, after investing $1.118bn of capital expenditure across the portfolio;
  • Adjusted net debt increased by 15% to $878m at 31 December 2022 from $765m at 31 December 2021, after $517m was paid for the cash acquisitions of Corvus Gold Inc.’s (“Corvus Gold”) and Coeur Sterling, Inc.’s (“Coeur Sterling”) mining properties in Nevada, as well as $203m in dividend payments.


1677534254663.png




1677500780283.png

SP retracing ... since the following was revealed:
AngloGold Ashanti Ltd. lowered this year’s production outlook after suspending gold processing at a plant in Brazil while work is undertaken to strengthen a tailings facility, consequently it is expected to produce 2.45 million ounces to 2.6 million ounces of gold this year, compared to last year’s output of 2.7 million.


Not holding

Have a very nice week.

Kind regards
rcw1
 

DrBourse

If you don't Ask, you don't Get.
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Hi rcw1......

AngloGold Ashanti Ltd. ADR.......

Check out AU | AngloGold Ashanti Ltd. ADR Analyst Estimates | MarketWatch ........

And Anglogold Ashanti Ltd (ASX:AGG) Share Price - Market Index ........

---------------------------------------------------------------------------------------------------------------------

Analysts/Brokers are calling for abt 20% 12 Mth Upside to $6.16.

Analysts ST Technicals suggest Sell or Strong Sell, as shown below.
20230304 AGG Trading View Analysts.jpg


--------------------------------------------------------------------------------------------------------------------------------------------------------------------
IMO there are no really strong Support or Resistance Lines, apart from the current 100 Day Linear Regression (pages 139 to 143) where the SP is within the LR Buy Zone…

IMO the Current 12 Mth Chart does not give much indication on AGG’s Future ST Direction, the only trend I can see is the month long Downtrend.

My Entry Price will be $3.63, and my Target Price is $6.76..
AGG 20230304 EOFY v23.3.jpg


----------------------------------------------------------------------------------------------------------------------------------------------------------------
FA for AGG suggests IV of $3.76 to $5.04, so the $5.06 SP is at the Top End of that Range IMO.

Looks as though the AGG Punters have realized that

Margins of Safety and Ratios are rated as Good.



Financial Lowlights are as follows.

Revenue has not increased as expected – Very Bad PE in relation to NTA – Price is trading well above NTA – Current EPS is Expensive in relation to the Average of the last 3 years EPS – Ben Grahams MOS Test suggests Price is Expensive.

My Analysis for your perusal..
20230304 AGG DrBIV (1).jpg

20230304 AGG DrBIV (2).jpg

DrB
 
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i bought into AGG @ $3.09 in February 2017 and reduced ( took out my investment cash ) @ $7.02 in August 2019 picking up some divs on the way

DIVIDEND TYPEDIVIDEND AMOUNT ($)FRANKEDEX-DIV DATEPAY DATE
Interim0.0680.00%25/08/202209/09/2022
Final0.0310.00%10/03/202225/03/2022
Interim0.0130.00%26/08/202110/09/2021
Final0.0950.00%17/03/202126/03/2021
Final0.0250.00%12/03/202027/03/2020
Final0.0150.00%21/03/201908/04/2019
Final0.0120.00%22/03/201806/04/2018
Final0.0220.00%23/03/201707/04/2017
Interim0.0090.00%27/05/201314/06/2013
Final0.0090.00%08/03/201328/03/2013

a bit patchy on the div. payouts

so how do you play this , as a capital growth story ( hoping for capital gains via share price ) or maybe a geographical diversity play ( spreading the risk across nations and FX jurisdictions )

one might consider a channel trade ( say buy around $3 reduce around $7 , just grabbing some figures out of a hat ) play

seems to bundle both the best and worst of a gold/copper miner , rising costs will be a worry here , it can't resort to a 'spoke and hub strategy ' like EVN to reduce costs , but then the option to pump capital into the friendliest jurisdiction at the time might offset that

might throw this on my list of potential 'channel trades ' along with QBE , ( and WHC ) grab some capital gains here , the stray div. there , unlikely to become a 'core-holding ' for me , probably needs too much watching for a 'bottom drawer stock '

will probably wait and see if i have some lazy cash went it revisits $3 again
 
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Hi rcw1......

AngloGold Ashanti Ltd. ADR.......

Check out AU | AngloGold Ashanti Ltd. ADR Analyst Estimates | MarketWatch ........

And Anglogold Ashanti Ltd (ASX:AGG) Share Price - Market Index ........

---------------------------------------------------------------------------------------------------------------------

Analysts/Brokers are calling for abt 20% 12 Mth Upside to $6.16.

Analysts ST Technicals suggest Sell or Strong Sell, as shown below.
View attachment 153884

--------------------------------------------------------------------------------------------------------------------------------------------------------------------
IMO there are no really strong Support or Resistance Lines, apart from the current 100 Day Linear Regression (pages 139 to 143) where the SP is within the LR Buy Zone…

IMO the Current 12 Mth Chart does not give much indication on AGG’s Future ST Direction, the only trend I can see is the month long Downtrend.

My Entry Price will be $3.63, and my Target Price is $6.76..
View attachment 153885

----------------------------------------------------------------------------------------------------------------------------------------------------------------
FA for AGG suggests IV of $3.76 to $5.04, so the $5.06 SP is at the Top End of that Range IMO.

Looks as though the AGG Punters have realized that

Margins of Safety and Ratios are rated as Good.



Financial Lowlights are as follows.

Revenue has not increased as expected – Very Bad PE in relation to NTA – Price is trading well above NTA – Current EPS is Expensive in relation to the Average of the last 3 years EPS – Ben Grahams MOS Test suggests Price is Expensive.

My Analysis for your perusal..
View attachment 153886
View attachment 153887
DrBourse
Thanks very much for that M8; will discuss further later... big day for rcw1 today... :)
Appreciate your time and effort, as always.

EDIT: deleted repeated words
Kind regards
rcw1
 
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i bought into AGG @ $3.09 in February 2017 and reduced ( took out my investment cash ) @ $7.02 in August 2019 picking up some divs on the way

DIVIDEND TYPEDIVIDEND AMOUNT ($)FRANKEDEX-DIV DATEPAY DATE
Interim0.0680.00%25/08/202209/09/2022
Final0.0310.00%10/03/202225/03/2022
Interim0.0130.00%26/08/202110/09/2021
Final0.0950.00%17/03/202126/03/2021
Final0.0250.00%12/03/202027/03/2020
Final0.0150.00%21/03/201908/04/2019
Final0.0120.00%22/03/201806/04/2018
Final0.0220.00%23/03/201707/04/2017
Interim0.0090.00%27/05/201314/06/2013
Final0.0090.00%08/03/201328/03/2013

a bit patchy on the div. payouts

so how do you play this , as a capital growth story ( hoping for capital gains via share price ) or maybe a geographical diversity play ( spreading the risk across nations and FX jurisdictions )

one might consider a channel trade ( say buy around $3 reduce around $7 , just grabbing some figures out of a hat ) play

seems to bundle both the best and worst of a gold/copper miner , rising costs will be a worry here , it can't resort to a 'spoke and hub strategy ' like EVN to reduce costs , but then the option to pump capital into the friendliest jurisdiction at the time might offset that

might throw this on my list of potential 'channel trades ' along with QBE , ( and WHC ) grab some capital gains here , the stray div. there , unlikely to become a 'core-holding ' for me , probably needs too much watching for a 'bottom drawer stock '

will probably wait and see if i have some lazy cash went it revisits $3 again
Good evening divs4ever,
Attempting to predict SP movements great fun... dangerous at times but rewarding one would hope. rcw1 needs to watch AGG some more. Nearly bought in the other day. Need to discuss further this one.

Have a very nice Sunday.

Kind regards
rcw1
 
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Good evening divs4ever,
Attempting to predict SP movements great fun... dangerous at times but rewarding one would hope. rcw1 needs to watch AGG some more. Nearly bought in the other day. Need to discuss further this one.

Have a very nice Sunday.

Kind regards
rcw1
i try 'the lazy way '

for example i see QBE goes under $10 and over $13 a few times a decade ( as opposed to a basic trend up or down )

so after detecting such a share i then decide if i want to buy into that company ( long term )

decide my buy and reduce price triggers and wait for the game to begin

now AGG has that potential ( at different price triggers ) now can i make the strategy a success ??

have a nice weekend yourself

PS the joy of a strategy like this , is you can set a buy/top-up or reduce price in the morning and can check the trades at the end of the day ( the buy-sell cycle can be slow and unpanicked )
the sad part not many shares are suitable for this strategy
 
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i try 'the lazy way '

for example i see QBE goes under $10 and over $13 a few times a decade ( as opposed to a basic trend up or down )

so after detecting such a share i then decide if i want to buy into that company ( long term )

decide my buy and reduce price triggers and wait for the game to begin

now AGG has that potential ( at different price triggers ) now can i make the strategy a success ??

have a nice weekend yourself

PS the joy of a strategy like this , is you can set a buy/top-up or reduce price in the morning and can check the trades at the end of the day ( the buy-sell cycle can be slow and unpanicked )
the sad part not many shares are suitable for this strategy
Good morning divs4ever,
rcw trades with the shortest term holdings ... possible. Need to pick stocks which will rapidly increase in share price on the same day then get out... and so forth...

Kind regards
rcw1
 
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DrBourse
Thanks very much for that M8; will discuss further later... big day for rcw1 today... :)
Appreciate your time and effort, as always.

EDIT: deleted repeated words
Kind regards
rcw1
DrBourse:
rcw1 missed a $.25 gain. Could have picked up for $4.80 when watching the numbers with some noticeable increase in volume / momentum… mid week …

Note 52 week low $3.61 and high $7.10.

Volume has been all over the place which is a bad sign, for mine. For example on Friday just 5 trades with 659 shares … p I 5 5 poor …
Demand ?? Very bizarre…

FA for AGG suggests IV of $3.76 to $5.04, so the $5.06 SP is at the Top End of that Range IMO.

Looks as though the AGG Punters have realized that


Looking very much like that to rcw1 too m8.

Anyways, onwards and upwards …. Was up your way the other dsy. Had to catch a Dash 8 flight Cairns to Townsvilke on Saturday returning from Cooktown.

Wouldn’t believe it, sunny and clear in Cairns
and coming into Townsville absolutely P I 5 5 ing down … didn’t last long. And luckily for the Canberra Raiders humidity wasn’t their for the late arvo …

Have a great Sunday.

Kind regards
Rcw1
 
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Good morning divs4ever,
rcw trades with the shortest term holdings ... possible. Need to pick stocks which will rapidly increase in share price on the same day then get out... and so forth...

Kind regards
rcw1
then you should probably do the precise opposite of my moves

( unless you have the ability to short-sell )

i often select something that will drop 10% in a day , but if i buy at a 5% discount to the opening price i am normally happy with that ( and most don't recover in a week either

good luck

my NBN is too unreliable for your style of trading

cheers
 
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JOINT MEDIA RELEASE
Gold Fields and AngloGold Ashanti propose
Ghana JV to create Africa’s largest gold mine
JOHANNESBURG, 16 March 2023 - Gold Fields and AngloGold Ashanti (“The Parties”)
have agreed the key terms of a proposed joint venture in Ghana between Gold Fields’
Tarkwa and AngloGold Ashanti’s neighbouring Iduapriem mines (the “Proposed Joint
Venture”).
The Tarkwa Mine is held by Gold Fields Ghana, in which Gold Fields currently owns a
90% share and the Government of Ghana (GoG) holds 10%. The Iduapriem Mine is
currently 100% owned by AngloGold Ashanti. Both mines are located near the town of
Tarkwa in the country’s Western Region.
The Parties have agreed in principle on the key terms of the Proposed Joint Venture.
The Parties have commenced with preliminary, high-level and constructive
engagements with senior government officials in Ghana and will continue engaging with
the GoG, relevant regulators and other key stakeholders, with a view to implementing
the Proposed Joint Venture as soon as practically possible. The Parties have agreed to
mutual exclusivity during this engagement.
It is intended that the Proposed Joint Venture will be an incorporated joint venture,
constituted within Gold Fields Ghana and operated by Gold Fields. AngloGold Ashanti
will contribute its 100% interest in Iduapriem to Gold Fields Ghana in return for a
shareholding in that company.
The Parties do not anticipate that any material, additional capital injection will be
required by either company to establish the Proposed Joint Venture and is expected to
materially improve its capital intensity once operational.
Excluding the interest to be held by the GoG, Gold Fields will have an interest of 66.7%,
or two-thirds, and AngloGold Ashanti will have an interest of 33.3%, or one-third, in the
Proposed Joint Venture.
The Proposed Joint Venture would create the largest gold mine in Africa and one of the
largest in the world. It will be a high-quality operation, supported by a substantial mineral
endowment and an initial life spanning almost two decades.
Operational synergies will be achieved by optimising mining of the combined ore bodies
and consolidating the infrastructure of the immediately adjacent mines for the long-term
benefit of all shareholders and stakeholders.
2
Martin Preece, Interim CEO Gold Fields:
“The Proposed Joint Venture is an exciting opportunity to combine mining operations
that are essentially part of the same mineral deposit and is something that Gold Fields
and AngloGold Ashanti have discussed many times before over the years. The ability
to optimise mining and the use of shared infrastructure across the combined operation
will result in significant flexibility in mine planning, materially enhancing the economics
of the mine and ensuring quality and scale of operation that will be world class. That
unlocked value will underpin the Proposed Joint Venture’s continued contribution to our
host communities and Ghana for decades to come. For Gold Fields, it will also
significantly enhance the overall quality of our portfolio.”
Alberto Calderon, CEO AngloGold Ashanti:
“This combination puts together two parts of the same world-class ore body, allowing
us to share skills and infrastructure to significantly enhance every aspect of this mining
operation, from exploration and planning, to mining and processing. By creating one of
the world’s largest open-pit gold operations, in a pre-eminent mining jurisdiction, we will
create longer-term value not only for AngloGold Ashanti and Gold Fields, but for the
combined stakeholders in our local host communities and for all of Ghana.”
Benefits of the Proposed Joint Venture include:
• Estimated life of at least 18 years, which could increase through an extension and
optimisation plan, which will be considered under the Proposed Joint Venture over
the next three years, and which could also enhance envisaged production and cost
parameters.
• Estimated average annual production (100% basis) of almost 900koz over the first
five years and average annual production in excess of 600koz over the estimated
life of operation.
• Estimated all in sustaining cost (in 2023 terms) of less than US$1,000/oz over the
first five years and less than US$1,200/oz over the estimated life of operation.
• It is expected that the Ore Reserves for the Proposed Joint Venture will exceed the
sum of the Ore Reserves for the stand-alone operations due to the anticipated
operational synergies, and the declaration of additional Mineral Resources and Ore
Reserves as a result.
Key principles of the Proposed Joint Venture:
• Gold Fields and AngloGold Ashanti have collaborated across a broad and
comprehensive range of work streams to formulate the indicative base case for the
combination, which underpins the estimates above. Additional, detailed work will
now be undertaken to develop the optimised initial operating plan which will apply
from commencement of the Proposed Joint Venture.
• Gold Fields and AngloGold Ashanti have agreed the governance principles of the
Proposed Joint Venture, including their respective representation in management
committees for the Proposed Joint Venture and the board of Gold Fields Ghana. As
3
operator of Gold Fields Ghana, Gold Fields will receive a management and technical
fee determined on an arms-length basis.
• Implementation is subject to reaching agreement with the GoG regarding the
Proposed Joint Venture, conclusion of confirmatory due diligence and definitive
transaction agreements, and securing all requisite regulatory approvals. Subject to
satisfaction of these conditions, the Parties intend to implement the Proposed Joint
Venture as soon as practically possible.

=============================================================================

DYOR

i hold AGG ( 'free-carried' )
 
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the price is too high for me to add more , currently

bought them to spread the geo-political risk of owning gold miners

have a good night yourself

cheers
 
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the price is too high for me to add more , currently

bought them to spread the geo-political risk of owning gold miners

have a good night yourself

cheers
yeah rcw1 is hearing ya. Had intentions to do a fair bit more research, but didn't eventuate, got distracted with other stocks...

Manly 14 Paramatta 10 as the teams come out for the 2nd half.

Kind regards
rcw1
 
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yeah rcw1 is hearing ya. Had intentions to do a fair bit more research, but didn't eventuate, got distracted with other stocks...

Manly 14 Paramatta 10 as the teams come out for the 2nd half.

Kind regards
rcw1
ZIM isn't so bad ( except they don't mine gold ) , but try to get them under $20

but similar issues to AGG ( not so loved by the majority of buyers/sellers )

( i hold ZIM as well )

Africa is a bit of a nightmare but so now is QLD ( for miners )

cheers
 
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ZIM isn't so bad ( except they don't mine gold ) , but try to get them under $20

but similar issues to AGG ( not so loved by the majority of buyers/sellers )

( i hold ZIM as well )

Africa is a bit of a nightmare but so now is QLD ( for miners )

cheers
don't dislike AGG just have trouble getting into a position to buy and sell... somewhat like GDX which have picked up and sold quickly past 5 or so months, havn't gone back in though for awhile now. Thinking will still watch and wait both GDX and AGG for an opening, consistent with rcw1 trading methodologies.

Weather has put a 'spanner' in the works of some mining ventures in Queensland of late but they will recover.

Kind regards
rcw1
 
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AngloGold Ashanti: The company delivered on its key strategic objectives during 2022, achieving improvements in production and cash flow. AU reported gold production of 2.742 million ounces in 2022, up 11% year over year and meeting the company’s guidance. Results were aided by solid performances across most of the portfolio, with the Obuasi gold mine in Ghana meeting the targeted production of 250,000 ounces. Obuasi continues on the ramp-up to its full production run rate in excess of 400,000 ounces, which is expected to be achieved by the end of 2024. The company continues to mitigate the impacts of inflation on its costs through the continued integration of its new operating model (which is aimed at improving operating efficiencies), the operational excellence program already in place, and the Full Asset Potential ("FP") program. The FP program aims to achieve a step-change in AngloGold Ashanti’s competitiveness by 2024 and includes a three-month assessment that covers all aspects of the company’s mine sites. The company's shares have gained 31% in the past six months.

 
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don't dislike AGG just have trouble getting into a position to buy and sell... somewhat like GDX which have picked up and sold quickly past 5 or so months, havn't gone back in though for awhile now. Thinking will still watch and wait both GDX and AGG for an opening, consistent with rcw1 trading methodologies.

Weather has put a 'spanner' in the works of some mining ventures in Queensland of late but they will recover.

Kind regards
rcw1
am more worried about funding needs of the QLD government the weather is a known spanner-thrower ( in any mining company )
 
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$6.50 !!!! ha ha ha ha ha; 42 trades .... ha ha ha ha

Not holding

Kind regards
rcw1
 
Last edited:
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Hi rcw1......

AngloGold Ashanti Ltd. ADR.......

Check out AU | AngloGold Ashanti Ltd. ADR Analyst Estimates | MarketWatch ........

And Anglogold Ashanti Ltd (ASX:AGG) Share Price - Market Index ........

---------------------------------------------------------------------------------------------------------------------

Analysts/Brokers are calling for abt 20% 12 Mth Upside to $6.16.

Analysts ST Technicals suggest Sell or Strong Sell, as shown below.
View attachment 153884

--------------------------------------------------------------------------------------------------------------------------------------------------------------------
IMO there are no really strong Support or Resistance Lines, apart from the current 100 Day Linear Regression (pages 139 to 143) where the SP is within the LR Buy Zone…

IMO the Current 12 Mth Chart does not give much indication on AGG’s Future ST Direction, the only trend I can see is the month long Downtrend.

My Entry Price will be $3.63, and my Target Price is $6.76..
View attachment 153885

----------------------------------------------------------------------------------------------------------------------------------------------------------------
FA for AGG suggests IV of $3.76 to $5.04, so the $5.06 SP is at the Top End of that Range IMO.

Looks as though the AGG Punters have realized that

Margins of Safety and Ratios are rated as Good.



Financial Lowlights are as follows.

Revenue has not increased as expected – Very Bad PE in relation to NTA – Price is trading well above NTA – Current EPS is Expensive in relation to the Average of the last 3 years EPS – Ben Grahams MOS Test suggests Price is Expensive.

My Analysis for your perusal..
View attachment 153886
View attachment 153887
DrB
In early March @DrBourse you mentioned the target price which is reaching even before March 23 is finishing.
Great analysis for sure.
DNH
 
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