Anglo Asian Mining Share Discussion Threads

[jbravo2] 06/6/2017 15:00

Yes I think a few people will be waiting for various things
e.g. news of the size of the resource at Ugur/total reserve statement or perhaps production for Q2

Anyway in the meantime we've made payment 10 of 15 on the main loan. 5 payments to go concluding in August next year.
Debt will continue to drop this year as we use our stockpiles.
Impressive margins will see to that.

I've stuck my entire ISA allowance in this just like last year.
Looking forward to the AGM and hoping for an interesting chat or two.

[el_duderino_7885] 06/6/2017 15:00

If you're a long term investor here you'll love these bargain prices.

Selling seems exhausted in Aaz but im not ready to go long any miners other than a small position in the GDX.

Still expecting a little weakness in gold before a massive move up later this year.

Just look at bitcoin, now about to hit $3,000. Wish I'd had the cahoonas to buy some earlier this year but I just didn't understand it enough to risk the money.

Check out this guy, he's been remarkable with some of his predictions, interesting video. Yes there is a lot of rubbish posted on silver doctors I realise:

[mattjos] 06/6/2017 13:59

strangely quiet here today.
The rest of the goldies are all blue, for very obvious reasons.

Quicker the new Ugur resource is scoped out, the better.

[bleepy] 06/6/2017 12:48

Agreed the annual report on Aaz website makes for good reading.

I note the average Au grade for Gadir/2016 was 5.04. Given that they'll be stockpiling ore for 9ths from the new tunnelling and extension of Gadir, it will provide high grade lowcost feedstock in Q1/18 onwards.

I also noted the average Au grade for Gedabek open pit increased quarter by quarter.

[brasso3] 06/6/2017 12:46

I think most will want to see Q2 results (July 15th) before getting back in.

[jbe81] 06/6/2017 12:41

Just a matter of time before miners catch up

[mattjos] 06/6/2017 11:58

the breakout from the 6 year falling wedge on gold must surely now be clear for all to see

[catsick] 06/6/2017 09:39

The 2016 ann report is up on the website now, all looks very good indeed, lots of nice pics and a few nuggets in the notes ...

[jbe81] 06/6/2017 08:34

Might tempt a few to buy back in.

[mattjos] 06/6/2017 08:18

Gold now finally looks to have broken out to the upside on the daily chart.

[jbe81] 06/6/2017 07:28

Nice move in gold overnight.

[mattjos] 05/6/2017 18:20

Nothing to do or say really, until the AGM jeansey. Gold still flirting with the breakout but, not there yet

[jeanesy] 05/6/2017 17:40

Looks like this share is totally off the radar atmo. Strength in POG has made no difference. Seems like those willing to invest in gold are looking elsewhere !

[casabella2] 04/6/2017 16:26

Round all up who are known to security forces ,intern them and then start processing them.Send home none british.Jail those who were born in uk.

[robo15] 02/6/2017 16:31

Shame we are not producing more of it !!!

[mattjos] 02/6/2017 16:28

Goldmans now push back next rate rise from June (they were 100% confident of this) to December this year!!
The rest will no doubt follow in the analysis.
Singapore Deutsche Bank trader admits fraud in rigging PM market also today.

Plenty of gold-relevant news out today for the markets to digest this weekend & bid Gold higher next week

[el_duderino_7885] 02/6/2017 15:50

Matt gold broke out of the long term downtrend line on the monthly. From 2011!

Look at the pennant from the 2015 lows. Also broke out of this.

Should be heading in to the $1,300's before going back down later in the year and kissing the downtrend for one last kiss goodbye before going much higher in my opinion.

[jbe81] 02/6/2017 14:39

Yes Matt, and numbers are not a surprise.

[mattjos] 02/6/2017 14:39

zhockey, I still don't see how you think there is a big fall coming in gold right now. The chart, to me, is much more suggestive of a huge 6-yr long term Bullish Falling Wedge, which would be more likely a continuation pattern of the 2002-2012 uptrend, if/as/when the breakout is confirmed. Rather than 1,300 I think 1278 is now more the upper resistance level to pierce through and hold to indicate the breakout ie. the current price is extremely close.
Let's see if they can smash it down again now or, whether the bulls finally get the upper hand.
Here's the Weekly candlestick chart to try and show my thinking and to smooth out the daily gyrations


free stock charts from uk.advfn.com

[mattjos] 02/6/2017 14:23

USA May job numbers not at all inspiring & a big downward revision to the previously reported April & March figures.

The Fed may say this was just a seasonal / weather Q1 transitory tightening but, companies don't tend to hire in June with the usual July/August summer lull imminent so, I personally see little reason for a rate hike before the Autumn now, if even then.