Anglo Asian Mining Share Discussion Threads

[mattjos] 26/1/2016 16:59

little congestion now on the Gold chart until 1160'ish and there was a gap down from 1197-1196 June 2015 which is asking to filled beyond that.

[on target] 26/1/2016 16:40

Nice rises in Copper, Gold, Silver and Zinc today.

[cyberbub] 26/1/2016 13:34

Well FWIW I can sell 150k but only buy 50k... I think that 100k trade is a buy...

[terropol] 26/1/2016 10:21

Brasso3, it should go quite a bit higher. Wealthy a smart money people will go more in to gold as currencies not to be trusted fully....
I think we are in the beginning or a financial shake up.
Gold is got to be the best insurance policy.

[brasso3] 26/1/2016 04:58

Gold at $1112

[mattjos] 25/1/2016 22:42

Gold, in other currencies such as CHF, GBP, RUB are all showing Golden Crosses having developed or very close to.
It's only gold in US$ that, so far, is not showing such a pattern ... presumably because that is the currency in which most of the paper trading occurs & therefore greater opportunity for 'less than transparent' pricing.

[cyberbub] 25/1/2016 22:23

Yes, POG rising a bit again... bounced off resistance at $1110 last time, will it break through this time?

It is very frustrating seeing a company on a P/E of what must be well below 1, falling back again. But if more people sell than buy, that's what happens.

FWIW, I think our AISC is probably around $200 higher than our cash cost. That should be decreasing as the Manat devalues, so the current AISC is probably around $900? So with 63,924 ounces of gold (AAZ's share net of the Govt's 'take'), that would be around $12M pure cashflow into the company. Meanwhile the company is valued at $6M.

All I can think is that the debt relative to the size of the company is putting people off, or maybe the volatility of the region they are in? And yet the debt is perfectly serviceable (especially if refinanced), and Azerbaijan is a semi-European country... albeit at the ropier end :-)

A decent rise in POG should help us as least get into double figures share price - let's hope we get it.

GLA NAI

[mattjos] 25/1/2016 22:06

Manat still under pressure. Looks inevitable to me that it will suffer one final drop this year. I have the 187 area as the next destination.

This is the same as Gold rising as far as AAZ's business model is concerned.

Any rise in gold this year coupled with Manat devaluation will be a double +ve for the P&L .. .albeit will be a source of great concern for the populous and the government.

[philo124] 25/1/2016 19:59

Around freezing there, Kazakstan minus 20, parts of china minus 40.

[ilostthelot] 25/1/2016 19:55

Hopefully gold will make a move up towards 1200 that should help the PM miner's

[ilostthelot] 25/1/2016 19:54

Ah well!! I'm sure it will bounce back quick.

[philo124] 25/1/2016 19:26

Yes, suprised indeed.

[jeanesy] 25/1/2016 19:16

How many shares do they hold? The weather in the region has turned very cold recently , although so far this winter the severe cold has been short-lived. lets hope it stays the same for the last months of winter! I am surprised to see this drift back below 5p with all the good news we have had recently.

[mattjos] 25/1/2016 19:13

Seller seems to deliberately hit the bid whenever it looks weak which would seem odd .. Unless here is an agenda of some description.With no news now scheduled until April, it seems a case of waiting to see where support is encountered.The last two dog months of the winter (in terms of temperatures) to get through yet.We've no idea if the seller is actually selling for a gain. For all we know Limelight may have decided to throw in the towel also.

[jeanesy] 25/1/2016 18:40

we really need to see the back of this seller who is dumping in 50k lots for some reason. Anyone with any spare funds will surely be buying at this level.. unless there is something amiss that we dont know about and the seller does .. hopefully not !

[cordwainer] 25/1/2016 15:37

Gold is currently far better than expected to be 6 months ago, there's nothing much to be negative about here.

[cyberbub] 25/1/2016 14:16

I wonder whether that large trade could have been 'AN Other' actually *buying* B's shares on-market, and failing to declare it, which often happens with overseas investors who know there will be no comeback??I am getting confused here...Let's hope at least that gold holds at the current levels or above... sigh..

[on target] 25/1/2016 13:55

Yes there was a trade which exactly matched Bashirov's last declared holding - then an RNS a week or so later stating he was completely out.

[jbe81] 25/1/2016 13:48

Anyway just my opinion, am more interested in the price of gold and AAZ giving us some good news.

[jbe81] 25/1/2016 13:47

There was a 3 million trade well below this level early last year cyberbub, could only have been Bashirov, trades over the last 18months give an idea of the levels Bashirov sold out at.

[cyberbub] 25/1/2016 13:37

Well we don't know that, it depends what price B dumped them at!

[jbe81] 25/1/2016 13:33

I think it is more likely that the seller is someone who bought some of Bashirov's shares. They would be making a profit at these levels.

[cordwainer] 25/1/2016 13:33

A view on gold stock prices ..

[captain_crash_and_burn] 25/1/2016 13:05

If mm was holding excess shares then surely they would be keen to push the share price up in order to make money, I haven't seen any signs of that.

[on target] 25/1/2016 12:08

If an MM was selling you would see that MM on the offer and buys not moving the price, you wouldn't see sell trades.