Anglo Asian Mining Share Discussion Threads

[celeritas] 17/5/2017 13:58

Stock still very tight, looks like someone has been loading up.

[2sporrans] 17/5/2017 13:38

Adding to el_d's prescient post, the subdued economic outlook also supports the POG; not least wrt the opportunity cost of holding it.
Lower rates for longer is winning over the synchronised global growth scenario in vogue earlier this year. E.g. US 10yr Treasuries now yield 2.28%, yet they were over 2.6% in March and much talk of 3% by the Summer. Real rates must be close to zero in US and even -ve in many markets.
So, if inflation does suddenly take off, the rates will be well behind it which ought to be supportive for gold.

[celeritas] 17/5/2017 09:47

good post el_d.
Stock is very tight today, 5k online.

[el_duderino_7885] 16/5/2017 21:13

Gee dollar index now down to almost 98. That's back to below the Trump euphoria levels.
Like I keep saying: this has huge implications if you look at the long term dollar chart, it simply can not be understated. The dollar consolidated for 2 years before breaking out above 100 and has now failed.

It may well now stabilise some we'll see but the next target after 98 is 93! That should happen later this year and logically correpend to the $14 -1500 target for gold.

The ultimate target for the dollar could be the rising trend line from 2011 at sound 87/88 next year.

Gold is likely to do extremely well under this backdrop. Need to watch the dollar index and of course dollar/yen very closely over the next few months.

[el_duderino_7885] 16/5/2017 14:37

Thanks Zhockey.

Ok yes then 8p is possible in that scenario - so not based on the AAZ fundamentals then.

Being entirely unbiased we are in a neutral pennant formation in gold which could go either way. If it breaks to the downside we'all see sub $900 gold. However a break to the upside would imply $1,500 gold.

I'm very much in he camp it will break to the upside. This has to resolved by Autumn one way or another.

Look at the dollar now, major breakdown in place and looks set for a huge move down over the next few years. With this and other signals I think it highly likely we'll see much higher gold prices as early as late summer this year.

[zhockey] 16/5/2017 14:24

El_D

I think we'll see a capitulation in gold and a drop to a very low level.

As Matt's charts have proven there is absolutely no value in that endeavour. Not a criticism of Matt but it is a flawed art.

[el_duderino_7885] 16/5/2017 13:40

Zhockey you didn't respond.

I agree the fundamentals have changed for now but that's why we are down over 40% from the highs. The company has been revalued hasn't it.

Where do you get 8p from or is it pulled from thin air?

[zhockey] 16/5/2017 13:37

And they are going to say anything that is not in the public domain?

The drill results published for Ugur were pretty awful. Until we get an RNS it doesn't mean anything.

[celeritas] 16/5/2017 13:15

I feel you are missing the bigger picture here.
Try mailing them.

[zhockey] 16/5/2017 13:11

Celeritas,

I am talking about the Gedebek resources that are now parked.

[celeritas] 16/5/2017 11:44

zhockey, you need to think before you post.

[zhockey] 16/5/2017 11:20

What about the resource downgrade?

[jbe81] 16/5/2017 10:59

I suspect there will be posters on here buying millions of shares long before it gets to 8p pre the resource upgrade. So not a chance before then.

[celeritas] 16/5/2017 10:41

Appearances can be deceptive.

[zhockey] 16/5/2017 10:39

JBE, the times I have heard that on AIM :)

It usually comes to pass.

[jbe81] 16/5/2017 10:35

One or two posters would love to see 8p here again, not a chance though, unless gold crashes( again very unlikely)

[jbe81] 16/5/2017 10:32

Just from looking at the azergold website, to me they appear to be doing it themselves.

[el_duderino_7885] 16/5/2017 10:18

Zhockey.

8p is very precise. You value this company at £9 million plus debt.

How did you come to this figure?

[robo15] 16/5/2017 09:59

Jbe81
Where did you get info re Chovdar ??

[zhockey] 16/5/2017 09:44

Matt no I'm not back in yet, I still expect to see 8p in the coming months.

The drill results published from Ugur to date are pretty awful so I see the optimism there as baseless. Maybe they have about 50000oz but as you said before this is artisanal scale. They need a 1M+ find to justify the value we were all seeking.

[jbe81] 16/5/2017 08:14

Azergold look to be running Chovdar. There is no fixed dated for state figures.

[jeanesy] 16/5/2017 07:20

Any news about Chovdar tender process ? Are we going to get any gold produced figures ( from stockpiled ore) this month as we would normally have had them by now in the Azer press ?

[mattjos] 12/5/2017 12:17

paying over mid to the sellers

[unionhall] 12/5/2017 08:57

Good to hear that....

[jbe81] 11/5/2017 21:37

Bill seemed confident that it could be reduced. They will certainly have a big saving from using stockpiled ore.