Anglo Asian Mining Share Discussion Threads

[highly geared] 08/9/2016 19:35

OMI has essentially no debt and will produce 35,000-40,000 OZ in their fiscal year. Costs are higher , AISC around $900-1000.Personally think OMI are too cheap but I'd wait for 2017 Q1 results first (end of September) and watch POG.

[homebrewruss] 08/9/2016 19:05

Thanks brasso. Looks like a great comparison - also seems pretty undervalued on first glance

[brasso3] 08/9/2016 18:40

OMI is a good comparison.

[homebrewruss] 08/9/2016 18:36

Just thinking ahead to the end of 2017.. Can anyone share any stocks that are comparable now to how we could be then ie a well run producer with little debt..
Just want to get an idea on p/e ratios for companies in that situation.

[zhockey] 08/9/2016 10:33

Some of those other stocks were probably seeing some short covering, AAZ is so illiquid not sure you can short easily.

[timberwolf3] 08/9/2016 09:41

If i had any money i would.

[zhockey] 08/9/2016 09:33

The reason there has been no bounce is that no one is buying

[jeanesy] 07/9/2016 19:08

Would have expected some sort of bounce by now. I hope that there is not a reason why it has not happened! Mid-price is now below 15p. Manat continues to weaken which is good.

[mattjos] 07/9/2016 17:50

Right chaps .. Enjoying the view out over T5 runway with some drinks in the lounge. Fly in couple of hours.Do, please, everyone buy a few from here on .. I had a few more today.Everyone seems to have forgotten that gold in the 1300's is terrifically good for us. Plenty to look forward to by way of news.Catch up on results day. Cheers!

[jbe81] 07/9/2016 14:53

nice buy, as you say pretty good discount

[2sporrans] 07/9/2016 14:42

Just bagged 35,000 for 15.04.
There's a pretty big discount for a modest production down-revision, should this happen.
For sure, it looks cheap v OMI now; I've held in that for Donkeys.

POG held up well when the $1300-$1310/oz support band was tested; rebound to ~$1350 is encouraging methinks.

[zhockey] 07/9/2016 13:44

I think some may have bought on aimroc speculation and have given up on no news.

[mattjos] 07/9/2016 08:58

most of the sector stocks are all now recovering towards prior highs. FRES, HOC, OMI, SHG ... see no reason why AAZ wont do same given the renewed strength in gold.
There is still plenty of newsflow to come here also.
Looks like you can buy below the mid price still

[brasso3] 07/9/2016 08:22

I think in 8 or 9 days things will be clear regarding production. I would like to see that July was a one off and they can pull the production back in August to 6000oz. If August is also poor then they will have to down grade the FY target IMO. Maybe the flotation plant is kicking out more than we expect but that will not be apparent until the Q3 results in October.

[mattjos] 06/9/2016 19:15

The fed is data dependant.The establishment wants Hilary in the White HouseThey daren't risk raising rates ahead of the election in case that prevents Hilary from winning.Ergo .. The data will be such that it is not supportive of a rise in rates.Why it is a surprise to the markets is quite beyond me

[jbe81] 06/9/2016 19:02

Will be amazed if tomorrow is not a blue day if gold stays where it is or goes higher

[jeanesy] 06/9/2016 18:47

Confidence here seems to be shot at the moment. Gold motors and yet we dont move as no-one is buying. All a tad worrying . We really need those figures and reassurance all is well here. I really think that if the production figures are in the public domain each month then they should be rns'ed or not given at all.

[1madmarky] 06/9/2016 12:52

Jbe - well are the poor production numbers down to just hard Rock? Or are there other factors in play ( g/ton) etc . Once that is known, then confidence will return

[jbe81] 06/9/2016 12:02

Amazed there is not more buying here. Gold well over $1300, AAZ churning out cash, debt coming down, only a couple of weeks until interims and a few more until q3 results. Production set to ramp up in the second half of the year and the possibility of news on aimroc assets anytime. Really surprised more people aren't taking advantage of the recent dip

[brasso3] 03/9/2016 21:41

AAZ, Gold and Silver do seem to have broken downwards at present. Lets see where they all find some support.

[mattjos] 03/9/2016 20:41

All points to USA election result. Come on Trump!


free stock charts from uk.advfn.com

[2sporrans] 03/9/2016 18:27

Some Manat news.
Article ~2weeks old but worth a read:

hxxp://news.az/articles/economy/111988

Interesting: Run down of C. Bank reserves, huge appetite for $ and lack of supply.

Gold production will be all the more treasured.

[brasso3] 02/9/2016 21:39

Gold was at $1318 when the LSE closed. It rose to $1325 afterwards.

[jeanesy] 02/9/2016 21:25

I would have hoped for and expected more of a rebound to be honest ,but at least it was not another red day!

[jbe81] 02/9/2016 13:52

Bit of buying here already