Anglo Asian Mining Share Discussion Threads

[mattjos] 11/10/2016 18:09

2Sporrans, a profit is a profit so, understand the desire to bank some, albeit much too early in my opinion.However, that then raises the next question of what to do with your profit?Sterling's continues to get caned in the market.It's not that straightforward a calculation but, in the case of AAZ, it's revenues and earnings are in US$, much of its costs are in AZN.The bottom line is in US$, converted back into GB£ for reporting purposes here.GB£ is at 30+ year lows to US$ & still falling & I assume will continue to do so until such time as Carney cuts our rates to 0.1% or even less.Still fundamentally valued far too cheaply here and the rationale for investment get stronger each week. That's how I see it

[cyberbub] 11/10/2016 16:45

The 'real' spread today seems to have ended up around 19.90 - 19.95. A bit more buying and we could break through 20p IMO. Needs POG to hold up, and good news on production. I reiterate that 30-40p is a fairer price here, IMO.

[celeritas] 11/10/2016 15:52

Taking 20p as parity then the upside should be about 60p to follow others.
Licence news and maybe resource updates could take it a lot higher than that.

[celeritas] 11/10/2016 15:48

AAZ never followed gold up in the first place. For me its just about back to parity had Bashirov not sold.
Plenty going on in Azerbaijan being the only gold miner, I'm expecting to pick up at least one new licence.

[2sporrans] 11/10/2016 15:45

Thanks Jbravo

I saw that retrace to 15p as very likely down to a poor production figure for July; at least that was the obvious association and one generally accepted here [+ a seductive profit take opportunity for some that bought in mostly between 4 to 7p.]
Selling on basis of just 1 month's low production is daft though.
So I topped up on that; getting ~15.0p was lucky.

You might also say something similar wrt reacting to short term POG movements.
Then again, there's a lot of traders/momentum-investors that pile onto AIM stocks such as these; in this case usually as a geared play on the POG.
Not that AAZ strikes me as the most suitable choice for this particular gambit.
Such fickle enthusiasm leads to rapid selling when momentum stalls and/or the newsflow goes a bit sour.
So, while I accept I may well miss out to extent I've reduced my holding, it remains the case that if there is a substantial 'correction' to the POG [let alone something worse] that the AAZ price may well dive some way below that 15p mark.

Guess, at root, although I really like what I see with AAZ as a company, I'm not as convinced of the Bull case for Gold when its price advances far above the level that attracts heavy duty physical buying - mostly out of Asia.

[cyberbub] 11/10/2016 15:40

Nice delayed 50k buy there at 19.90...

[jbravo2] 11/10/2016 11:40

You won't be waiting anything like three years and I'm afraid I have a feeling you'll regret selling some now. Of course if POG does head south there may be a small retrace short term but the news here over the next few months will mean only luck and/or fabulous timing will mean getting out now is good.
Of course I'd have said all that a few weeks ago and it went from here to 15p but the seller seems done now and news is closer now.
Anyway, a profit is a profit. Good luck

[2sporrans] 11/10/2016 11:30

But will a further sell off in the POG rain on the AAZ Partee?

I'd expected the POG to fall below $1305/oz support some time, then test the 200ma; but not when it did, when, in my eyes, still a balance of supportive factors for it.
And now the 200ma support is looking tenuous.
Most of all, QE is progressively losing favour and if bond yields put in a sustained rise.....game over for this particular POG Bull run imho.

Hence, reluctantly, sold out 1/2 my AAZ holdings to de-risk situation.
Made a few £k profit, so sanguine about selling.

Yeah, I know that even if say the POG falls to say an average of $1,200/oz or even $1,100 for that matter, its margins are still good; the longer term reasons to hold remain enticing. [But how will the 'herd' react to a deeper POG sell off?]
Hence I retain a substantial stake for a single AIM stock play.

If this pops any time soon I'll be pleased enough but now relaxed about waiting...months, a year or 3 if needs.

[zhockey] 11/10/2016 11:27

Looks like the volume buyer won't pay above 20p

[mattjos] 11/10/2016 11:18

They usually RNS on Wed or Thu

[andrewsr] 11/10/2016 10:49

Maybe on Friday (last year Q3 report on 14/10/150.

[jbe81] 11/10/2016 10:28

If we get a good q3 update, yes.

[golla] 11/10/2016 10:02

is this about to pop?

[terropol] 10/10/2016 23:06

30p very soon....

[zhockey] 10/10/2016 21:27

laudate dominum

[mattjos] 10/10/2016 21:12

Guten Abend. Austria this evening - Salzburg. Ghastly over-priced tourist place.Anyway .... good evening and a good day for AAZ by the looks of it. In fact, rather marvellous.Creeping closer to the 20p hurdle or is it actually a handle completion?

[hedgehog33] 10/10/2016 20:14

Chuckle brothers make more sense.

[jeanesy] 10/10/2016 19:32

Nice rise today in our shareprice, never mind all the stuff about Clinton/trump !

[jbravo2] 10/10/2016 17:02

Eurasia or Solg will do

[csmwssk12hu] 10/10/2016 14:59

Some news like Eurasia mining please

[jbe81] 10/10/2016 13:27

Anyway you look at it the dollar is massively overvalued at the moment

[hedgehog33] 10/10/2016 13:00

Can't believe they'd let either of them near that nuclear button.

[csmwssk12hu] 10/10/2016 12:47

It will never hit usd as at end of day if you are wealthy were would you put your money? Never underestimate the power of the U.S. Economy it's just lost its focus I think trump is the lesser of two evils but I do believe he will bring down U.S. deficit he will modernise its armed forces and he will do wonders for its economy and tax collection in not even American so if I believe that can you imagine how that sounds to an American

[zhockey] 10/10/2016 12:41

The US budget deficit is creeping up again, not much attention is given to this right now but for me it's a useful indicator of how the US economy is really doing. If things are so great then why are tax revenues in decline?

If the US cannot throw a surplus in the goodtimes then they'll never reduce the principle. Surely this will erupt at somepoint and hit the overvalued USD?

[cast_no_shadow] 10/10/2016 12:26

Well he came out much better in last night's debate so we'll see.

I actually liked what he said about wanting to have a relationship with Russia. He's seems to have moderated a lot in recent weeks but how much of it is just bs aimed at those remaining swing voters?