Anglo Asian Mining Share Discussion Threads

[jeanesy] 24/10/2016 16:05

25p just broached!

[mattjos] 24/10/2016 15:43

last time it moved up like this, from memory, it formed a flag with a 30p peak and a 26p base before ,moving on upwards once again to settle at 40p for 2-3 months

[jbravo2] 24/10/2016 15:14

Yes stock is tight again. A few mins ago I couldn't buy more than 10k with a quote (at full) but could sell 50k above mid.
See they've now moved it a bit though. They need another "Resourceful" to step up to the plate, although with these volumes he'd only satisfy demand for 2 days.

[jeanesy] 24/10/2016 14:56

buys at full ask. Tight spread . wont take much to move this up some more imo

[brasso3] 24/10/2016 14:05

Gold having a good day too. $1272

[jeanesy] 24/10/2016 14:03

Great day again today. POG showing some strength as well , currently above 1270

[csmwssk12hu] 24/10/2016 12:16

Looks like about to tick higher again last few buys have been at higher prices heading towards top end

[piperpeter] 24/10/2016 12:11

Has anyone here read the announcements released at AUR over the past month or so?

Pp.

[crazycoops] 24/10/2016 11:34

Yes, that's the one!

[homebrewruss] 24/10/2016 11:05

I think that's the interview I just posted :) Agreed it probably doesn't include the latest and future exploration.

[crazycoops] 24/10/2016 11:03

2sporrans, there was an interview 2-3 weeks back with the FD and geologist and the message was that the current Gedabek resource was likely heading towards 50/50 gold/copper over the next couple of years. I don't believe this included further discoveries/exploration, like the one announced last week.

[homebrewruss] 24/10/2016 10:59

@2sporrans in this video they mention becoming a greater copper producer in the coming years ..from about 10 minutes in.

[edjge2] 24/10/2016 10:48

Woken up yesterday

[catsick] 24/10/2016 10:41

The investor presentations will be interesting, especially as chaarat are also presenting and present an excellent comparison to aaz, both on the same belt of gold and with very similar geology but chg are 10 years behind with no cash or funding or plant but a higher market cap, they have 1m of resource in oxide form they plan to heap leach and a larger sulphide resource that is just to expensive to bring online, looking at the study on their website its going to gost 50m usd just to hook up to the electricity grid, something aaz are doing for 2, with the new oxide deposit found it really is amazing chg who are the typical achieve nothing but jorc reports and studies with continuous dilution to shareholders can have a higher market cap then aaz who are producing at low cost and have the expertise and plant to process all types of ore cheaply ...

[brasso3] 24/10/2016 10:00

Some analysis on the AAZ chart from Fingers on the FXD thread. See post 7997.

[2sporrans] 24/10/2016 10:00

With the share price on a tear and nudging 25p, maybe not the best time to post a link to the very interesting history of Gedabek; aka "Copper Hill":

hxxp://www.visions.az/en/news/528/32f80a81/

Although the heyday of the Siemens copper mine was around 1870 to 1920 when the Bolsheviks took it over, there is something encouraging about an operation that churned out 20% of the entire Russian copper production over several years.
Explains a lot about the large scale exploration carried out by the Soviets in this region over the decades before AAZ came on the scene and bought up their exploration prospects.
A whole town was established on the copper, with a railway from mines to smelters.

With modern technology, what are the odds on AAZ coming up trumps again.
If it's a vast copper lode, rather than gold then what the heck?

[csmwssk12hu] 24/10/2016 09:40

Probably earlier buy or sell orders delayed most likely buy orders hence the rise

[s0lis] 24/10/2016 09:35

Interesting. Large sellers being caned. 70569 @ 22.025. Why ?

[mattjos] 24/10/2016 09:33

yasX .. from a charting perspective, ''tis has broken out of a C&H and now sub-wave 3 of longer term Wave 3 advance is underway. Yes, there will inevitably be pullbacks but, both the short-term and long term trend will be very much higher.In resource stocks, Wave 3 often extends. Not a time to be selling, imo ... rather buy on weakness

[csmwssk12hu] 24/10/2016 09:32

We already have the same rise we finished with on Friday and it's only half nine, constantly rising through day

[sleveen] 24/10/2016 09:16

jbravo

Thanks.

I spent much of the weekend reading RNSs and ARs from 2008 to date.

Large gains in JORC resource and reserves, debt reducing (which was my main worry) and a new potential gold discovery announced last week.

Substantial LOM extension to be announced IMHO

Operational issues being sorted with the new SAG mill (harder rock) flotation cell (higher Cu content.

If SHG is fair value at 73m, AAZ could get to perhaps that level (70-75p)and still have legs to go higher.

[csmwssk12hu] 24/10/2016 09:09

Ysax, glad to hear you made, it's about comfort and you have to feel comfortable in what you are doing or you don't get sleep! I've been there lol, I think this is one of best threads on here as genuinely no arguing always discussion and everyone here to make money, I wish you well with your other investments

[yasx] 24/10/2016 08:53

csm - Indeed I did, though not nearly as much as I had hoped for when I took the position. You see, I had intended to remain invested, but decided to trade it. Be that as it may, I may well reappear if there is a pullback. That, I suspect will depend on whether or not I am right as regards the price of gold not yet having made a firm bottom.

[jbe81] 24/10/2016 08:51

and the prize for optimism goes to the 175k @18.5p in the auction!

[yasx] 24/10/2016 08:51

Jbravo,

I would not call it a mistake since I have invested elsewhere and with sufficient exposure to gold in other plays one must bear in mind portfolio diversification. However, I grant you that this has gone higher since I sold last week. I hope if treats you well going forward.