Anglo Asian Mining Share Discussion Threads

[terropol] 22/3/2017 11:41

Nice to see Gold looking shiny....could not resist and got a few more here. I only have to look at the market cap. and press the button again.
Are we going to crack $1300 in this wave up....?

[mattjos] 21/3/2017 22:54

Hedgehog .. I've recently had some limit guys triggered at-about this level. Not yet back to full strength as time & sentiment on my side still so willing to be patient for another week yet but, end March / start April I would hope to be back at full strength

[el_duderino_7885] 21/3/2017 21:46

Price action in gold is very nice. We need a weekly close over $1,240 to fall outside the current pennant. Then it's a battle at $1,264.

If we beat that the dollar will be breaking down under 99 and the dollar yen under 111 and the sky is the limit!

[hedgehog33] 21/3/2017 21:40

So.. you'll be buying on the speculation again Matt.

[mattjos] 21/3/2017 21:28

Good action in price of gold. Despite a necessity to raise rates, the USA has to somehow get the $ down. All this cobblers in the media about Trump, Russia etc. Could just be a show for all we know.BOE must now be regretting their last rate drop .. was entirely unnecessary and they may be well behind the curve by year end if they do nothing.Maybe inflation will slay deflation this year .. or maybe not. Still looks finely balanced but, given the central bank fear and hatred of deflation, I suspect they will risk inflation getting away from them to ensure avoiding deflation. By start 2018 we could be back in a 70's inflation spiral ... in which case gold will be clear past all time highs.It's a fascinating period and feels like we are perched on a watershed period to me.

[jbe81] 21/3/2017 14:29

Yep. q1 gold production will be down. Will be interesting to see how much, state figures dont account for all of the gold. Will also be interesting to see if revenue with gold price and other metals is significantly down or not. rising gold price still a big positive

[robo15] 21/3/2017 14:23

Jb81
If only we produced a tad more !!

[jbe81] 21/3/2017 13:27

Gold pushing up should help

[jbe81] 21/3/2017 12:42

Can sell a 100k, suggests there is still plenty of demand, will move up with any buying

[redtrend] 20/3/2017 20:50

It's Novruz in Azerbaijan now so probably not that unusual... whole country is pretty much now on holidays for the whole week

[jeanesy] 20/3/2017 18:57

The company and Bill Morgan in particular are normally very quick to reply to emails. Nothing as yet which is very unusual.

[jbravo2] 20/3/2017 18:33

No zhockey, you're getting confused. They haven't been exercised. It doesn't help that matt thought he'd seen a trade which would account for a sale to cover the costs but the RNS reads that the sale will only be made from the shares taken through the options.
Which of course makes sense in case they don't exercise the option.

But as I said at the time, its confusing.
Why do you need to detail the actions the directors will take i.e. will buy on the day before expiry if above a certain price but won't if below that price? Surely that is the approach taken on most options and most companies don't plaster it up in a RNS.

[zhockey] 20/3/2017 18:13

I recall that sold some at excercise to cover the purchase?

[ferries5] 20/3/2017 17:43

Ok maybe not banning but strange

[2sporrans] 20/3/2017 17:37

fwliw, guess we all would appreciate knowing the production stats to end Feb. for gold via floatation and copper/silver concentrate at earliest opportunity; i.e. not wait until some way into April for qtrly release.
Moreso, obviously, an explanation [Grades] for low gold stats that have seeped out so far
Not holding breath.

[2sporrans] 20/3/2017 17:18

Zhockey.
RNS:
hxxp://www.angloasianmining.com/scripts/php/rns_viewer.php?id=25437936
Issued 17Jan17

So they exercise their options to buy the shares 26jul17 if the share price =>13.5p

Seems fairly innocuous to me; significant but certainly not huge volumes/dilution.

[jbravo2] 20/3/2017 15:01

Banning them from selling shares?
You've read it very differently to me.

Admittedly I've no idea why the RNS was issued.
My reading is it is simply stating they will take up their options on the day before expiry, funding it by the sale of the required number of shares from their options so that they don't have to put their hands in their pockets. And only so long as the share price is high enough.

Not really sure why it required a RNS so far in advance. Baffling.

[ferries5] 20/3/2017 14:21

Depends what they say in the quarterly update, if they can give some positive news all will be forgiven . That rns banning the directors from selling shares for 6 months, starting to make sense now. Imagine the panic if they had started selling along with the low production

[terropol] 20/3/2017 13:09

I guess the company has not told the market how much gold they are going to extract each month. Had they done that then changes would have to be reported.
April not to far away, we will get news then. Also we have no Idea on the amount of other metals produced. Government figures only tell some of the story. Had they not met bank payments, then market would and should have been told. I am assuming no news is good news.

[brasso3] 20/3/2017 12:45

I cannot see how a decline in production to 2500 - 3000oz per month cannot be price sensitive news. We all know that Q1 is usually the worst quarter but this is a notch down on last year. I expect that Q1 will now be the worst quarterly production figures since 2013.

[terropol] 20/3/2017 12:40

Brasso3, just remember the market cap of this company....(Small explorer valuation).
I assume if they have not made any announcement, it must be that there is no market sensitive news to report, if that was the case the brokers would have been on the phone to the company to update market.
This price drop gives the brave ones chance to up the holding...and I have done just that.

[brasso3] 20/3/2017 10:59

We will also get hit again as that will be when they confirm one of the worst Q1 production quarters for several years. Much better to get this kind of thing out of the way rather than the silent treatment.