Anglo Asian Mining Share Discussion Threads

[wanobi] 28/4/2024 18:07

20:24 / 28.04.2024

Armenian Prime Minister Nikol Pashinyan and US Secretary of State Anthony Blinken discussed the peace process between Armenia and Azerbaijan and the issue of demarcation of the Armenian-Azerbaijani border.

Bizim.Media informs that during the conversation, Pashinyan spoke positively about the process of demarcation of the Armenian-Azerbaijani state border.

The parties noted that the recognition of each other's territorial integrity and sovereignty by Armenia and Azerbaijan based on the Alma-Ata Declaration, as well as the implementation of the delimitation and demarcation process based on the same declaration, paves the way for the signing of a peace agreement.

:-) :-) :-)

[wanobi] 28/4/2024 18:04

although OT,,, it does show that el presidente is approving business matters,,, we just need the next one to be AAZ's TD wall raise :-) :-) Cheers Wan :-)

[wanobi] 28/4/2024 17:52

OT

BAKU, Azerbaijan, April 27. The privatization of satellite communications in geostationary orbits has been allowed in Azerbaijan, Trend reports.

This is reflected in the amendment to the law “On the privatization of state property”, approved by President of the Republic of Azerbaijan Ilham Aliyev.

Satellite communications facilities in geostationary orbits, the privatization of which is prohibited, have been removed from the list of state property.

:-) :-) :-)

[wanobi] 28/4/2024 17:52

Good evening all, Cheers Wan :-)

[wanobi] 27/4/2024 20:37

thanx Mj,, I do so hope so :-) :-) Cheers Wan :-)

[mattjos] 27/4/2024 20:35

The PSA may not be 'perfect' but no such agreement can ever be so as it can never forsee every possible future outcome.
But, it is a mutually beneficial agreement predicated on the spirit of mutual trust and co-operation.
If AAZ is successful so too is the local & national economy. It obliges the company to heavily bias its employment to the local populous and only rewards the state with a share of 'profitable' production.
There has to be a profit incentive to attract foreign direct investment else no external parties will invest in the country.
The fact that the management in the Ministries responsible are incapable of independent decision-making merely reinforces the evidence that such people are wholly incapable of profitably running a private enterprise in the first place. They are clipboard warriors, not entrepreneurs or business people & I'm quite sure the president very well understands all of this.

[wanobi] 27/4/2024 20:25

thanx Mj and whilst I agree with your statement,, it's a risk until it isn't :-) :-)

[mattjos] 27/4/2024 20:21

every mining company is at constant risk of expropriation .... such actions typically do not end well for either the nation, the government, the people involved or anyone else associated with such actions.
Expropriation beggars the status of Zimbabwe .. whenever a nation state crowds out or blocks private investment, the results are entirely predictable.
AZ govt and president not that stupid .. if it act that way and denies inward foreign investment, it's economy will crumble, it will become increasingly economically destitute and isolated and therefore weakened. That is NOT a good situation to be in, particularly in that part of the world!

[wanobi] 27/4/2024 20:18

can you imagine how unbearable I'll be (maybe so already LOL LOL) should I have to wait 2 weeks, let alone 8 weeks cmb..... LOL :-) :-)

[wanobi] 27/4/2024 20:07

many thanx Bumpa,,, yep,, agreed,, my biggest fear as voiced before is El Presidente wanting his mines back,, a question (mentioning no names as he can chip in if he so wishes) that has been asked of BM directly, face to face, with the response,, typically direct,, not dressed up at all,,, "that would be game over" as I recall,,, happy to be corrected on the exact wording :-) ,, we all know the risks I guess :-) :-)

Cheers
Wan :-)

[2cmb] 27/4/2024 18:32

Wan' I don't want you to get emotional about your investment in AAZ. I will remind you of this when we get the good news about the TD.
If you get emotional about investments in the stockmarket then I don't think this is the game for you in the future.
I did tell you a few years ago that I lost around £350K in the stockmarket as well the deal with a villa. Ofcourse I was very sad after losing that amount of money but I did not allow my emotions to grind me down.
I would not be here posting on this thred now.
Relax and take things easy. Being stressed about various things in life does not accomplish anything at all.
I learnt that lessons a long time ago. Life at times does test our resolve in our lives. You are going through that tough time at the moment. Things will change in a few weeks IMHO ofcourse.
The news will come before the AGM in London. The AGM is around 8 weeks away. The word shortly by AAZ i think falls within that timeframe.
Wan relax and have a few beers.
Don't think about next week but a few weeks IMO. I hope I am wrong and the news comes next week :-).

[bumpa33] 27/4/2024 18:31

Well fellas, my fingers are well and truly crossed for everyone holding AAZ - they’re a good honest company, i just hope they have the necessary to satisfy the demands currently being made of them and/or to fend off anyone who may also have eyes on their prize…

[wanobi] 27/4/2024 18:21

yes, I agree Mj :-)

[mattjos] 27/4/2024 18:18

This is all very good debate ... Bumpa, i believe you have a style that not many can emulate & even if they tried are likely to take on losses trying to do so.

It all boils down to whether one wants to be a Trader or an Investor & over what timespan one attempts to become successful in either of one or other .... Both Rags and Riches may result from either course of action.

[wanobi] 27/4/2024 18:07

I fully expect some to say I'm living in cloud cuckoo land,,, this is AIM Wan,, such things are not possible etc etc etc... hope to prove them wrong :-) Cheers Wan :-)

[wanobi] 27/4/2024 18:03

many thanx cmb,, rest easy,,, I assure you I am very sanguine about the situation, with no pent up desire, fear or whatever to rush to sell my holding,,, what will be will be,,, I am an owner of the business now, albeit with no means to influence the day to day running of the company,,, I have entrusted that job to the management owners and basically I have invested in their abilities to execute the plan.... :-) :-)

once AZZ is back up and running I expect us to sell to a larger player :-) :-)

and that will be my exit...

until then, I will live off the divi's...

IF IF IF all goes to plan :-) :-)

big IF there LOL

Cheers
Wan :-)

[2cmb] 27/4/2024 17:52

Good afternoon Bumpa and Wan.
I have just got back from a long lunch playing cards etc etc.
Bumpa you have tried your best to advice Wan many times to take profits but Wan at times is slow at executing that.
I also agree with you Bumpa re getting into arguments. I don't do that anymore. It at most times is a complete waste of one's time.

Wan ' you have been in the stockmarket for a number of years now and you are a clever person. I only know about my situation in life. For example I live alone in a five bedroom house. I can always buy a bungalow and downsize anytime. I also have other assets. So I csn go all in withou losing any sleep. I also get my pension. A completely different situation to you. I dare say there are other shareholders here with very large holdings as well. These others had bought their shares at a lot lower prices than you. They have probably cashed their initial investment over time. Who knows !
All depending on how you play this game relevant to the news. If it is good news re the TD etc.
It would be foolish to start selling early.
Play your cards correctly and gradually reduce your holding. I am sure you understand what I mean.
You can't lose all your investments here IMHO. The worst thing you can do is panic. If the news is good I personally will be sticking around here without any rush to sell.
I can't advice you as I am not qualified to do that. I can only tell you when I sell any. I did tell you that the last time if I remember correctly. I too have made many mistakes in my investments I think most investors do. I am not a trader as such. I prefer to hold on to the good ones only over time.
Anyway I don't want to clog the thread with my ramblings.
Enjoying your weekend and try not to think too much.
ATB.

[wanobi] 27/4/2024 17:03

I agree 100% Bumpa,,, this is now it for me,, if this one comes off I won't need to play this game any longer and frankly I think that's for the best.... :-) :-)

if this one doesn't come off,, then I shall be, as you say, stretchered off the pitch with no means to come back.... :-) :-)

this is it, I'm staring into the abyss, will I end up there,,, we shall see,,, hope not,, obs :-) :-),,,,, but,, I've placed my bet and the wheel is spinning now... :-)

my position is way too large to easily cash out with the limited liquidity in AAZ stock.... I'd certainly drive the price down and down etc !!

I am, for all 'intents & purposes' one of the business owners now,,, not in terms of the number of shares I own (although, I would be easily classed as a Key Shareholder looking at that section on AAZ's website), but, in terms of my ability to liquidate such a position,,, like them right now I'm a bit "stuck up the creek without a paddle",,, hopefully we will be granted that paddle soon enough :-)..

so, I've gone from a bit of a novice trader, to a bit of an novice medium term investor,, to basically a novice owner in a single business.. LOL :-) :-)

will it pay off,,, hmm,, all depends on you know what :-) :-)

if it doesn't, I will sink along with the other key shareholders and that's that!!

we shall see Bumpa,, your game works for you,, but, without a decent broker does not work for me,,, the medium term punts I've made,,, some worked, some did not, but overall, not the game for me (especially on AIM, too, way too many snakes and not enough ladders),,, so, owning a chunk of a business where the management has a proven track record, big skin in the game, take their rewards via divi's, do not dilute (so far),, bail out the business in difficult times (done so in the past),, have a product that the world wants and will need more of etc etc etc

and accepting the risks, geopolitical etc etc...

here I am,,, I have arrived at my game,,,, will it prove to be successful,, we shall all see soon enough :-) :-)

one thing I did not expect though,,, was the likes of AAZ to eventually end up as a binary bet on one piece of paper from the gov/pres and that could be my undoing,,, but, not just mine,,, the whole company and its owners......

Cheers
Wan :-)

[wanobi] 27/4/2024 14:13

and big,, no, massive big thanx from me to you for all the support & guidance you have shown me Bumpa :-)

you too cmb,,, and many others here....

as you say cmb,,, a great group of people make this thread what it is :-) :-) :-)

Cheers
Wan :-)

[wanobi] 27/4/2024 14:11

you must be one of very, very few actual traders of AIM stocks that makes money Bumpa,,, in my brief time at the table I know just how hard the short term stuff is,,, obviously one needs a good broker and be able to conduct business by phone in real time and not be using HL or similar,,,, but, more than that,,, it takes real expertise, experience, discipline and skill to be successful... I think it's fantastic to see how you go about it and even more, so generous of you sharing your trades with us all... it shows it can be done and done consistently if one has the set up and mindset to ruthlessly stick to that winning formula,, day in day out... you deserve your success Bumpa,,, very, very well done Sir! Cheers Wan :-)

[wanobi] 27/4/2024 14:03

fingers crossed, we'll see the TD wall raise permission next week,,, if not, so be it,,, but, I'm convince the word "shortly" has been used carefully by AAZ management to inform existing shareholders that they have the thumbs up from AZERGOV & el presidente ,,, and will be confirming via rns in a matter of days and not months as others have suggested.... just my take on the word used to describe the timescale of course,,,, but,, I'm confident :-) :-)

I just have to keep reminding myself of all the good reason there is for the AZERGOV / AAZ relationship to continue & prosper and not let my emotional thinking distract me from the facts :-) :-)

fingers crossed :-)

Cheers
Wan :-)

[bumpa33] 27/4/2024 13:59

arguments are generally counter-productive 2cmb, yes I know I do indulge from time to time(!) but occasionally I can’t resist the temptation. Find an edge, concentrate on the play, stick to target(s), move out/move on…

[wanobi] 27/4/2024 13:53

thanx cmb, yeah, I'm fine,,, thanx for thinking of me today :-)

it has been and is continuing to be good to get away from screens and out into the real world so to speak :-) :-) ,, as you say, sitting on ones hands is not easy, but rule number 2 helps with that,,,

2 – It’s NOT your thinking that will make you big money, it’s sitting on your hands.

and in the case of AAZ, hopefully, we will be allowed to monetise what we are sitting on,,,, until we know if we can, or not,,, we sit on our hands & ignore the thinking :-) :-) LOL :-)

as for my "sitting on a goldmine but are not aware of that fact".... thanx for reminding me :-) LOL LOL :-) :-) :-)

not sure I'd like a cat,,, nice idea,,, will have to think about that one :-)

have a great weekend cmb :-)

Cheers
Wan :-)