Anglo Asian Mining Share Discussion Threads

[mattjos] 05/3/2016 15:53

fwiw:


free stock charts from uk.advfn.com

[philo124] 05/3/2016 12:00

Thanks to all for your informed posts. Very sensible thread.

[timberwolf3] 05/3/2016 11:49

About time the farce at LBMA was sorted, robbing barstards.

[mattjos] 05/3/2016 11:06

not quite the volume I had expected zhockey but, that may simply be because the seller has backed off and now wanting higher for his stock given the price of gold.
there is a game of cat and mouse going on in the auctions still but, outside that the broader market is pushing it higher. it might now be that the buyer & seller wont be able to meet until nearer 10p as that is where the next tranche has been signalled in the auctions

[zhockey] 04/3/2016 20:38

Matt was that not the big UT at 7p you were looking for?

Gold much stronger than I expected this week mostly due to the recessionary services PMI print I think, expect a pull back and test of 1250 but there seems no shortage of buyers so who knows!

[ferries5] 04/3/2016 17:29

BlackRock Inc. on Friday said it has suspended the issuance of new shares in the roughly $8 billion iShares Gold Trust, citing a surge in demand for gold

[philo124] 04/3/2016 16:57

Usual annual tensions in Korean peninsula next week. The joint US and S Korean exercises involving allegedly 300,000 troops is slightly provocative.

When we get a month of very good production figures and a rising gold price, Mr I Want 10p will get his wish.

[pixi] 04/3/2016 16:25

Gold has had a fantastic start to the year and long may it continue. Woohoo!

[ilostthelot] 04/3/2016 15:55

Next stop 10p.
Have you sold resourceful?

[mattjos] 04/3/2016 15:34

nice link 2sporrans. Thank you .. I might try and put that in the header actually.
You are quite right. Gold in EUR. Now that it has passed €1,1150 / oz, you would expect everyone to get the message!

Look at the chart for South Korean Won !

[2sporrans] 04/3/2016 15:19

Good point about inflation Mattjos; lots of contrasting perspectives depending on where folk live or wealth is stashed.
The dive in the POG just after the US jobs release and then the hefty rebound - on reflection that the remuneration figures were very depressed - seem to underscore just how much US-European-Japanese investors are looking at gold as an asset to hold in deflationary times.
But yes, in several nations, currency depreciation has been quite staggering; likewise inflation.
It's interesting to look at the price of gold in various currencies; put yourself in the shoes of an investor orientated towards them. Take the Indian Rupree [India and China way, way the 2 biggest consumers of physical gold]:

hxxp://goldprice.org/spot-gold.html

Look at the breakout in Rupee terms!
Play with the currency button....spin Euro
There's been a Bull market in gold since end of 2013, priced in Euros.
OK, so buying the $ or $ assets would have been the better play since then.
Nonetheless, right now, one can see the attractions of gold and various plays thereof.
If AAZ can just keep its production/costs/reserves steady state the next few months, almost surely a big revaluation upwards; that's even if the POG ends up going sideways on a ~$1200/oz trend.
Right now, looking more rosy still.

[mattjos] 04/3/2016 15:05

Copper now at $4,960 also and silver $15.64 .... most folk yet to catch on to the leveraged effect this is going to have on the AAZ business model

[mega_trader] 04/3/2016 14:54

Gold the ONLY safe haven. Good news for AZZ. AZZ going to re-rate back to 20p imo

[jbe81] 04/3/2016 14:48

Gold flying

[mattjos] 04/3/2016 14:26

Manat really under pressure in Az. Manat deposits have dropped 10% in the country now. They've had to raise interest rates once again today to try and combat the currency decline. Try telling the average Azerbaijani there is not inflation! Venezuela, Brazil and many other countries seeing the same now .. hardly surprising to see Gold attracting investors keen to try and protect their wealth. Cant see this trend slowing down any time soon this year - more likely to accelerate & as gold continues to climb irrespective of the market indeces, more and more people will want to climb aboard the trend.

Gold C&H chart gives $1,330 as the next target

[timberwolf3] 04/3/2016 13:58

non farm payroll data a lot better than expected, they tried a shake down on the gold price, but it's bouncing back up again.

[mattjos] 04/3/2016 13:11

hard not to get much enthused by the chart here now :-)

[terropol] 04/3/2016 11:38

Got a few more here today. 20p here we come very near term...
Gold $1300 knocking on the door...

[mattjos] 04/3/2016 11:22

USDAZN: 1.60 today ... now another 3% weaker than when the devaluation took place

[pixi] 04/3/2016 10:56

Gold 1272.90 +9.00.

[resourceful] 04/3/2016 10:44

oh happy days

[jbravo2] 04/3/2016 10:02

I think Reza might get his money back at mid year after all.
Can't think of a single miner better positioned to gain massively on mkt cap than here.
I'd welcome anyone watching from the sidelines to let me know if there is one!

Looks like it's well over 7p now

There's plenty to go here. Just a few months ago we touched 3p and we were 4p only weeks ago.
Plenty has happened in the last few months
Lets look at a couple of simple things...
we've had the manat devaluation and the gold price increase.
If the manat devaluation is worth a conservative £4m and the gold price £5m a year then that should have added 8p to the share price. They all have a direct effect on the bottom line.

Of course there are many reasons why even that is a massive undervaluation but I suppose I'm biased. It happens when you have as many shares as I do :)

People can then start on the deductions made when it was feared dilution or closure was an option, or perhaps the extra the flotation plant should add. The reduction in overall costs he flotation will make. The distressed seller who was offloading regardless of price. The list goes on and on.

[mattjos] 04/3/2016 09:49

2sporrans .. what a great name!
Gains from the sector leaders (such as HOC & FRES) will be rotated into the smaller producers as the run in gold continues.

The buyer will have to bid over 7 soon in the auctions or, buy in the open market, else miss the boat entirely