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Anglo Asian Share Chat - AAZ

Share Name Share Symbol Market Type Share ISIN Share Description
Anglo Asian Mining LSE:AAZ London Ordinary Share GB00B0C18177 ORD 1P
  Price Change Price Change % Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00 +0.00% 5.13 4.75 5.50 5.13 5.13 5.13 0 07:54:55
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 43.6 -9.2 -6.3 - 5.77

Anglo Asian Share Discussion Threads

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The timing coincided with the Euro strengthening and then retreating.brasso3
Not to much change in $ value....terropol
Dollar weakness? Common sense.....?andrewsr
What is pushing gold up??terropol
Matt I agree these things usually play out that way and share price divergence towards a known date/ news release is common. The interims will provide financial clarity, operational costs and news of the flotation plant commissioning. Not surprising therefore that this is a key date.brasso3
it say there is a blue arrow pointing towards a vertical red line :-) These sort of triangles/penants usually have their apex on/around a 'key date' .. In this case the Interim results. Suggests that the price is going to remain constrained within the converging two blue lines until the release of the results or, some other news item. The market looks most likely to do little here until more definitive figures are released concerning the financial performance (thereby enabling more calculations to be done to determine fair price) and update on the flotation plant. That and the summer doldrums has bought trading in the stock to a virtual standstill, day to day.mattjos
What does the chart tell you Matt??jbe81
Terropol .. gold may be a truly global currency, in that there will likely always be a buyer for say a Sovereign or other coinage, anywhere in the world at any time. World debt does look out of control, in that generally income seems inadequate to service the debt levels ... as a broad brush summary of the global position. Yet, the vast majority of folk are caught, like the frog in the slowly warming pan of water & will do everything they can to maintain their self-perceived position on the social ladder .. that means the central banks can and will be able to move up interest rates in the years ahead, even if it means most folk will have to peddle ever harder to stay still. I suspect we are once again entering a period of what Gordon Brown described as the 'Goldilocks Economy' .. low interest rates, low inflation, high (relative) growth, high employment, falling crime etc etc. So, were he in charge, he'd likely be looking to sell another slug of our gold reserves!! At what proved the low point. The reality seems to me that no one really knows what hell will happen as interest rates start to rise .. at what level of interest will the consumer simply buckle under the weight of debt repayments or, will the central banks find a level at which they don't quite break the backs of everyone. AAZ cannot control the price of Gold .. the time to hedge production has come and gone, a long time ago. They must be entirely focussed & ruthlessly disciplined on exactly what they can control, namely: 1. Cost of production. There can no real target other than, ever lower. As soon as one interim target achieved, the next lower one must be aimed for. 2. Production levels. Increase as best they can but, within the constraints of priority 1 3. Debt repayment. This must surely be a higher priority than Exploration until they have at least halved the current debt load The govt. & banks of the country in which they operate seems to back them, the CEO is certainly backing himself and his team & so too I believe the staff are all enthusiastic supporters of the company. All the ingredients are here for the company to flourish & grow from what should prove a short-term CAPEX peak in Q2/Q3 2015.mattjos
So it looks like the "Nays" still have it here. The wait goes on.divmad
Gold is the Only truly international currency. This downturn on price can not keep going on. We just have to wait for a turn round. World debt is almost out of control, how long can that keep going on for?? My Bet is with AAZ and his gold coming out of the ground!terropol
When bashirov was selling, purchases over the day were accumulated, the shares wouldn't move higher, and at the end of each day an offsetting sell trade would appear.There are no such sell trades appearing - hence I suspect bashirov is not selling.The reason the share price has fallen is most likely that a few small punters have got spooked by the fall in pog, and sold what is an illiquid share.Little more intrigue than that, I'm afraid.wigwammer
Looks still that Bashirov has plenty to sellmattjos
Username: resourceful.I think it's safe to say this guy has been mugged recently.wigwammer
Cash is obviously tight. But the board are Reza have shown their faith in the company going forward. The last quarter results showed the start of a turn around, hopefully onwards and upwards.jbe81
The mkt is the mkt right or wrong you just need to be on the correct side. I can't say I positive about the news yesterday as it shows cash must be tight, on the plus side maybe it gives reza more room to buy the overhang out given the higher share float. The gold price is obviously the main issue followed by the fact no-one seems to know the all in costs. I'm not a holder by the way, just giving a outside opinion.celeritas
Think yesterdays runs is a big vote of confidence from the directors. We have already had one from Reza, think this is a very good level to buy at.jbe81
"the market is rarely wrong"Really?wigwammer
Derrr.The market knows the pog has fallen.Haven't you?wigwammer
the market is rarely wrong someone knows somethingresourceful
We obviously know that the operating costs in the last year went up for AAZ for various reasons. If we look back though there were times when they were much more competitive:- 20th Jan 2012 (Final Results) "Produced gold at an estimated average cash operating cost of US$450 per oz of gold including the Government of Azerbaijan's share for FY 2011 and US$535 per oz of gold net of the Government of Azerbaijan's share for FY 2011." 26th Sept 2013 (Interims) "Produced gold at an average cash operating cost of US$564 per ounce of gold (H1 2012 US$767 including the Government of Azerbaijan's share." 30th June 2014 (AGM Statement) "In addition, despite processing costs being higher than originally expected we reported a cash operating cost of US$626 per ounce which is still relatively low compared to the Company's peers." 23rd Sept 2014 (Interims) "Produced gold (including the Government of Azerbaijan's share) at an average cash operating cost of US$1,014 per ounce of gold (H1 2013: US$564)."brasso3
They did this in 2009/10 for the directors and some contractors bills also, as I remember.mattjos
Well if they do not sell the shares in the next few days we will know that they see them as good value.brasso3
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