Anglo Asian Mining Share Discussion Threads

[jbe81] 10/11/2016 09:04

Copper really flying, gold will follow. AAZ a cracking buy

[sleveen] 10/11/2016 09:04

spot on jb2

[jbravo2] 10/11/2016 08:57

:D

Blimey. Intrigue!

Don't post for a few days and there's a mystery! Anyway I'm up for a bit of a chat after being MIA.
OK, for the sake of clarity, Matt is absolutely right, I am not a seller. AGAIN for the sake of clarity I am STILL a buyer. I have not sold a single share in AAZ. Only last week I posted several times to let everyone know most of what I found out at the Proactive presentation and from my 3 chats.
I thought the news I posted there would make it fairly obvious I'm still a buyer. Frankly I think you want your head read if you're selling here.

The share price is still re-rating here. It's going to take a year or so as it's already nearly, what is it, 7 bagged or so from it's low and some people with lesser determination will want their smaller profits now.
I want the big prize, and it is coming, so am still a buyer.

I hadn't said much the last few days as I felt there wasn't much to add. We're pulling up and producing gold, silver and copper at a lower price than most miners in the world.
We have a new SAG mill to increase the rate we can do that.
We have a new electricity connection to further decrease our costs. (The full year AISC will start with a 6)
We have a new water plant nearing completion to further lower costs and raise production.
We are paying down our debt faster than most. We'll be debt free at the end of '17 at this rate.
We have a new Director of Geology who is a genuinely game changing appointment. We are finding new gold which has a chance to make a substantial difference to our resources and reserves.
We only have 50m shares in free float.
The CEO never dilutes us and lends the company money in times of strife.
The manat continues to weaken.
The gold price is still above our average for H1 where we paid so much debt off. The only reason it slowed recently was the spending on the SAG mill, the electricity plant and the water plant. That just means we pay off debt even faster now.
We are in a country that is currently undergoing a shake up in the gold mining sector. And the silence is deafening. (I don't take that to be a bad thing - quite the opposite).


This company is worth a lot, lot more than it's current valuation, but lots more people know that now and it is starting to move towards a more realistic price. All is good.

[philo124] 10/11/2016 08:48

yes, thank goodness.

[zhockey] 10/11/2016 08:20

Matt you didn't say what your new stock is :)

P.S. All metals up today and copper flying, inflation paradigm on?

[cast_no_shadow] 09/11/2016 23:37

Anyone see the action last night? Most blatant direct manipulation you'll ever see. Like I've said the dollar yen is driving almost everything and it was down to 101 and change when gold was peaking and the DOW was limit down.

Then remarkably the dollar yen rose 5 points and in doing so gave us pretty much the biggest single day turnaround (1000 points) in the DOW in history!!! Rising dollar yen = rising stock market and falling gold.

Mission accomplished today. be interesting to see how this plays out for the rest of the week.

Disgusting if you are invested in gold. Who knows what the price would be now were it not for intervention days like today.

[mattjos] 09/11/2016 23:00

Zhockey, for the purposes of clarity:- I have not sold a single share in AAZ. Still buying when seems appropriate to me on the chart- No idea where the buying volume has gone but, in times of great volatility, most seasoned investors will tend to step aside and watch & leave the gambling to the scalpers & intra-day traders. I can't do that sort of thing so don't get involved.- I cannot comment on jbravo .. am absolutely confident though that barring a one in a million fluke he is not buying what I am. I've not discussed any other stock with him ever & only met him face to face at AGM for first time. Don't believe for a second he's a seller here either.Just be patient .. buyers don't buy every day! Markets need to calm down for a bit

[zhockey] 09/11/2016 21:33

Come on Matt, where?

Where's all that volume buying gone, is it done or is there still a bid lurking.

Jbravo is MIA too, are you two up to something?

[mattjos] 09/11/2016 21:10

Fwiw .. a double top today. That gap at 25 still needs filling.Am looking for a falling edge to develop over coming weeks to fill that gap.AAZ usually signals with a double bottom also so, keep watch a gap fill & double bottom on 25 to signal the start of a run to 50p.Busy building another position for now so, may not post much here until completed elsewhere & 25 is seen again here

[bleepy] 09/11/2016 21:03

So much for a black swan, maybe when he spreads his wings we'll see some action.
Could it be he was an ugly duckling all along hmmmm!!!

[zhockey] 09/11/2016 18:20

Or is it the rise in US treasury interest rates?

[zhockey] 09/11/2016 18:08

Is paper being suppressed as physical is hoovered up?

[celeritas] 09/11/2016 17:35

It is a weird world, Clinton is cleared gold drops a chunk. Trump wins with gold pounding higher only to be now near level. You cant make it up.

I guess its time to see how much protectionism Trump exerts then we'll truly see a flight to the yellow metal.

[jeanesy] 09/11/2016 17:26

Well the world has gone crazy. Yes i really didn't believe trump could win but he has ! As for POG well those who said it would go up lots .. you are also wrong its actually gone down, taking our shareprice down with it!! I will give up making any further predictions as the world has truely gone crazy and i dont understand any more. Im still holding here but i am not as confident about that as i was 24 hours ago.

[zhockey] 09/11/2016 17:14

But 800 down to 200 up, that's insane!

[terropol] 09/11/2016 17:12

zhockey, market may change the mind again tomorrow...

Copper price is going to be good for us here at AAZ.

[zhockey] 09/11/2016 16:11

Dow +160, it was -250 when I posted the above.

[zhockey] 09/11/2016 13:02

O how the narrative has changed, Trump is now good for the economy (stock market). Dow will close up today.

I thought the world was supposed to end?

[cast_no_shadow] 09/11/2016 12:53

It did hit about $1340 overnight.

[zhockey] 09/11/2016 12:24

I guess the view maybe that a GOP Pres, Sen and house will be good for the dollar. Needs time to play out, maybe not gapping up 100 is healthy for gold.

[1madmarky] 09/11/2016 11:59

Remember he doesn't take office until 20th January. So perhaps the market will wait until closer to the date?

[cast_no_shadow] 09/11/2016 11:40

No doubt the bullion banks will be capping like crazy this week to contain price.

[terropol] 09/11/2016 10:22

Trump it is then....