Anglo Asian Mining Share Discussion Threads

[mattjos] 02/5/2017 22:19

Best go short then zhockey

[zhockey] 02/5/2017 22:07

Gold is done IMO, should see a slow decline to sub 1000.

[mattjos] 01/5/2017 19:34

Easy day to bash it down with Europe closed

[redtrend] 01/5/2017 18:29

Strange day with a number of markets closed - gold has been slammed and for once movement does not appear to be correlated to USD-JPY. Have to wait and see if it recovers and pops back above the 200 dma

Bitcoin is going absolutely crazy - up nearly 9% in USD terms to $1418 as I type

[mattjos] 01/5/2017 12:51

so, at or below 15.5p is the buying level for me now & I note it got bought in 25k chunks at 15.25p the other day & the MM's then moved the Offer from 15.5p to 17p .... so, maybe there are some others that have concluded similarly.

With the Bid at 15p the MM's are willing to use that as a price to Bed'n'ISA stock so, I did just that with another 50k at 14:46 on Friday when things were quiet going into the long weekend (15p sell and 15.06 buy).

Should be another quiet short week so, maybe a few more chances to shuffle stock and do some buying ahead of whatever they have to say at the Proactive forum on the 9th May and then the FY results 2 weeks later with corresponding management commentary in which they will have another chance to explain the recent strategy change.

[mattjos] 01/5/2017 12:30

I now tend to use the Bid/Offer range as the guidance on charts for AAZ. The opening / closing & intra-day MM auction on this stock can often throw up some brief UT results that appear outside the quoted spread but, are only transitory in nature and don't seem to exist outside the auction process ... hence some extended candlesticks are seen over time.

The 2009/10 advance, from 2p to 22p. did actually retrace to below the 62% level. Back to just under 9p at the end of December 2009 for two weeks before it subsequently moved ahead and went on to over 80p some 12 months later.


free stock charts from uk.advfn.com

[mattjos] 01/5/2017 12:14

if its a simple two equidistant-leg retrace then this might yet occur:


free stock charts from uk.advfn.com

[mattjos] 01/5/2017 12:12

Statistically:

12% hold within the 38% retracement on Wave 1
73% retrace within 50% & 62%
15% retrace below the 62% level


free stock charts from uk.advfn.com

[cannonfodd3r] 29/4/2017 09:39

Jeansey, they will only publish results once JORC compliant. This could take time. However the fact that they are going there says only one thing to me, reward favours the brave in both both respects here

[jbe81] 29/4/2017 09:29

AAZ are presenting in London on the 9th, will be very surprised if we don't get positive news before then. Would highly recommend the event to any investors who have doubts as the chance to talk to the team afterwards is invaluable.Last time Bill, Stephen and John were there, and spoke to Stephen at length and am not at all worried, but definitely have more questions for him now.



Hope people who have sold out after holding for a long period of time buy back before AAZ rerates. Cant see how gold is going to dramatically fall with weak US economic data, Trump's policies, N Korea firing missiles etc etc etc etc

[jeanesy] 29/4/2017 08:20

Lets hope you are right. Unfortunately the market thinks otherwise at the moment and that is down to the poor PR from the company. It has kept investors in the dark about its plans and not given anywhere near enough explanation about its change of tack. What you have written makes total sense ... but the point is is that the real reason ? .. we will only know in time and if/when the company puts out some update. by the way weren't we promised news on drilling a long time ago ? !!

[aim_trader] 27/4/2017 12:59

Anglo Asian Mining CFO Bill Morgan will be presenting to investors at the Proactive One2One Mining Forum on the evening of 9th May. To register, click here:

[zhockey] 27/4/2017 08:43

Have we not been saying that for years?

[jbravo2] 27/4/2017 08:31

You reckon they're building a road and moving 1mt of earth without having a good idea of what's there?

[zhockey] 27/4/2017 07:58

Matt, what will be the outcome if their exploration efforts fail?

Therefore are they not by definition an exploration company?

[jbe81] 27/4/2017 07:53

Nice to see the big buy orders return in the auction

[redtrend] 27/4/2017 06:33

So in space of 8 days, AAZ has gone from releasing a great update with an estimate of $32.5m profit this year, to a basket case exploration company worth a market cap of only £9m (8p SP)

Consistency and integrity...

[bleepy] 27/4/2017 00:35

Mattjos

Spent some time enjoying Kruger park myself. Only ever saw 4 of the big 5. Stay safe.

Keep an eye out for those scavengers they're scrupulous.


My brother's sister in law has a farm near there. He sadly passed away before Xmas last. A lot of fond memories of that part of the world.

[mattjos] 26/4/2017 21:04

Ok mate. Best of luck. I think you must be reading a different set of accounts to me but, we each do our own thing.

[zhockey] 26/4/2017 20:38

Matt I beg to differ. AAZ IS an exploration company.

I wouldn't buy above 8p

[mattjos] 26/4/2017 20:20

Speak for yourself jeansey .. added quite a few more today. Sit and moan or get buying! this is reaching insane valuation so will simply step up my buying from here. This kind of sentiment was prevalent at 5p & like a few others I took advantage .. happy to do same now.Thank technology for limit buy orders else screwed for access in Kruger Park

[jeanesy] 26/4/2017 19:46

Another day , a 6% fall !Close to 15p now. Really dont see where the bottom is here. Where are all those buyers who think this is a wonderful opportunity.All those who still hold are seeing their profit tumble by the day ! Averaging down is all well and good but only when the shareprice starts going up and it hasn't done that for a long time.

[andrewsr] 26/4/2017 17:40

The share price peaked at about 34p when the gold price was about $1275. AAZ has followed the gold price down, but not back up again. Sentiment rather then rational thinking seems to be in control of a lot of gold miners at the moment.
It should be interesting later this week to see how the gold market responds to an out of control US debt problem re-setting the debt ceiling and Trump's demands for massive tax cuts.

[mattjos] 26/4/2017 17:02

plain daft mkt cap. As Celeritas says, this is not some pie-in-the-sky exploration company with no production or no production plant.

We're a profitable & productive mining company that is simply reviewing the multiple options it has to determine the optimum strategy for next phase of growth.

This is trading at close to just 10% of capex to date