Anglo Asian Mining Share Discussion Threads

[crazycoops] 01/11/2016 11:46

And let's face it, anywhere north of POG $1200 and AAZ is making a mint with its relatively low production costs. I am more interested in AAZ proving up its resource rather than the POG.

[zhockey] 01/11/2016 11:19

Spot on Celeritas. I still think Clinton will win unless more scandals come out before the 8th. I also expect that gold will be kicked if she does, maybe $50 down and then recover slowly. However I also expect a lot of shorts to close before the election so it will probably be over 1300 on the 8th.

[celeritas] 01/11/2016 10:41

Clinton was already priced in as it was nailed on until those emails.
I agree Trump will do a lot more for gold short term but Clinton could do a lot more long term.
Fancy having to pick between these two.

[brasso3] 01/11/2016 10:13

I think if Clinton gets in it will have no impact on gold. Alternatively, if Trump gets in it could push gold higher.

[bsg] 01/11/2016 10:10

If Clinton gets in gold will fall IMO.

[brasso3] 01/11/2016 09:53

Gold gathering strength every day. Now through $1280.

When is the presentation?

[scottishfield] 01/11/2016 09:50

Been nibbling a few this morning, good prices imo

[csmwssk12hu] 01/11/2016 00:06

Steady day, hopefully a rise tomorrow

[saturdaygirl] 31/10/2016 22:44

gutter

whilst siding with zhockey you seem to back most of my points

Thats fine with me .

[gutterhead] 31/10/2016 21:32

Quite agree Z, walob
Aaz is best share I have ever owned and I'm not even close to selling it. I bought on fundamentals, gold as a defence against recession, the CEO using own money to protect shareholders, good capital expenditure and when I first bought at 5.5p, it looked a good punt. I've since chased it up three times now, lastly at 20p. I'll prob buy more if it touches 25p.
As and when Euro banks stumble, I think this will fly.
All my opinion.

[zhockey] 31/10/2016 21:10

Give me a break :)

[brasso3] 31/10/2016 12:35

110m shares at 0.27p = £29.7m Mkt Cap

[timberwolf3] 31/10/2016 12:13

robo21 - the mkt cap is about £30 million

[robo21] 31/10/2016 12:07

Cannot understand why these still trading on a market cap of 6 mill
At £60 mill would still be cheap !!!

[jbe81] 31/10/2016 10:03

Yep, whoever is accumulating stock will be happy. Will move up quickly with buying pressure but looks like people are waiting for 25p.

[bsg] 31/10/2016 09:10

MM's definitely not keen to put this up.

[2sporrans] 31/10/2016 08:36

fwliw, my take is that fundamentals determine longer term plays; i.e. whether to invest or nay. Charts and other TA generally help with short term plays i.e. trading.
Also, seems to me that TA works better to extent there's a lot of players and fewer discrete 'game changer' events for the asset. Gold is hard to value in the first place; hence TA really comes into its own. E.g. Support and resistance levels are reasonably reliable as well as identifiable; to simply disregard them seems at best lazy.
While I'd never invest purely or mainly on TA evidence, I ought to invest more time than I have in becoming very TA conversant to finesse the investments I do make: i.e. for timing of sales, top-ups, re-buys....etc.

[zhockey] 30/10/2016 18:53

Someuwin,

Looking at the chart is a lot different than charting. Yes I look at the chart and the narrative it provides in relation to where a share price has been. But I wouldn't invest based on an interpretation of wave/cycle etc. in terms of where it might be going.

I've spent a lot of time looking at the work of Gurus such as Nenner and they are wrong as often as they are right.

[catsick] 30/10/2016 14:50

I tend to think of charting as pretty much a waste of time, yes you might want to look at the ranges things have been in and how the price has reacted to events and news flow but the predictive ability of charts is very low and I have yet to meet anyone who can persuade me otherwise, for me the passage of time and the playing out of events is non linear in its nature and the charts cannot reflect this well, you will have times when a lot is going on and volumes are high, then there will be times when nothing is going on so neat lines joining things up dont make any sense to me, the way I have always believed in is to get a good grasp of what a company is fundamentally worth and buy when its trading below and sell when its trading above, with aaz this has served me extremely well, at 4p you clearly had to buy, I will probably be out of 30-50 percent of mine at 50p which will let me buy more if we puke out without a good reason, obviously as facts and data change your valuation has to too, a big thing for me was the new oxide resource, a chart can tell you nothing about that or predict how it will pan out over time ...

[mattjos] 30/10/2016 01:37

Lots of articles about gold, china, the dollar but, this one I believe, hits the nail right on the head:http://www.zerohedge.com/news/2016-10-29/vexed-question-dollar

[someuwin] 30/10/2016 00:00

zhockey - would you really buy into a new stock without first looking at its chart?

[zhockey] 29/10/2016 23:29

Maybe I'm just not smart enough to understand it but in my simplistic view if charting was a proven method then all Chartists would be billionaires.

[mattjos] 29/10/2016 22:54

Zhockey, all fair points.Arguably the most successful investor used mental charts years ago.A chart is a visual depiction of the state of the market in whatever is being traded.Gaps - they say nature abhors a vacuum. I'm quite confident that this will fill the gap at 25p here &, personally, I won't be comfortable with any upward movement here until it does that. We are, thus far, gap free other than that one.Just about every trading institution & hedge fund in the world use charts to help with their decisions.Look at where gold turned up from last year .. bang on a long term fib value .. is it the theory or is it that so many follow the theory? Either way, charting has a value & should not be ignored

[zhockey] 29/10/2016 22:27

Matt, I bought at 4p and nothing to do with the charts. Filling the gap at 3.5p is in my book a pure coincidence.

Look at all the most successful investors, how many are TA's?

As for wave and cycle theory I have seen respected analysts argue both sides of the coin.