Anglo Asian Mining Share Discussion Threads

[celeritas] 23/11/2016 15:40

I can see some great arbitrage in operation if you are in the game of buying gold in the West and selling to the East.

[2sporrans] 23/11/2016 15:36

POG in Euros ~1125/oz just now; still above early October lows....just.
Strong $ explains a fair bit but mostly down to other factors.
One of those must be the general rise in bond yields; especially to extent this is [perceived] proxy for early QE taper in Eurozone + possibly Japan too.

Anyhow, finally bagged a repurchase slice on limit of 24p; not activated on the previous dip when the gap closed. Sold that slice when the share price broke 30p as expected a lot of profit taking on the round number. Surprised me when the second spike went above 34p; hopefully to be revisited before long.
Unless the POG really does crumb, like sub the Dec15 lows, the AAZ business model is not seriously compromised; so mid-low 20's share price looks a good buying opportunity.
Fwliw, I expect progressively stronger physical buying to kick in if the POG falls furthe; hopefully enough to at least hold it above the Dec15 lows.

[homebrewruss] 23/11/2016 15:33

agreed Celeritas.

see comment #6719 and previous comments from chipperfrd on his thread re the futures market:


and also his comments on the HOC thread:


It was probably quite predictable the price would get manipulated down today given it's thanksgiving in the States tomorrow.

[celeritas] 23/11/2016 15:30

The dollar is strong but I really dont think this is causing the stress in gold, it hasnt in other years.
I think it the huge paper mkt forcing longs to close which needs to be put to bed before the end of the month.
It's all contrived to me and smells of control from those in very high places. Trump won with gold surging $60 but that didnt suit those in high places who have gone heavily paper short since that point. Gold is now down over $150 since Trumps win with people spouted spending will make the dollar strong, hence golds weakness.
Looks to me like heads I win tails you lose.
Heads being Clinton and Tails Trump which was not supposed to be the case as what mattered before, Trumps irrationality is still in play but apparently doesnt get talked about now as it doesn't suit.

[terropol] 23/11/2016 15:10

looks Dollar pushing up....

[bsg] 23/11/2016 15:09

Celeritas, >$1400 I would prefer that.

[terropol] 23/11/2016 15:07

what is wakking gold down?

[celeritas] 23/11/2016 15:03

Had to stick a limit on to try and fill. Why when it falls with loads of seemingly sellers wont they sell you many.

[celeritas] 23/11/2016 15:01

Any guesses of prices here when gold goes over $1400?

[bsg] 23/11/2016 14:55

Any guesses on price here when gold goes under $1000.

[celeritas] 23/11/2016 14:55

Wont sell me any online, tried to top up so I guess theres no seller about.

[celeritas] 23/11/2016 14:50

Nearly 12% now, some fall on tiny volume.
Sellers behind the scenes or fishing for stock.

[celeritas] 23/11/2016 14:43

The 1200 hedge ends in December so should make a little from it.

[ilostthelot] 23/11/2016 14:42

Down 7% on almost no volume at all.

[celeritas] 23/11/2016 14:42

Seems to ignore any rise and fall way more than other goldies at the moment.
hgm went sub 120 but now above 130p
Many others are down less than 2%, over 7% is excessive which shows how iliquid aaz is.

[robo21] 23/11/2016 14:13

With gold dropping thru 12000 I have a feeling the sellers will return !!!

[robo21] 23/11/2016 14:13

With gold dropping thru 12000 I have a feeling the sellers will return !!!

[jbe81] 23/11/2016 14:05

It appears there arent too many sellers left

[zhockey] 23/11/2016 13:24

Remember Ugur? :)

[terropol] 23/11/2016 13:12

Chovdar all to be plaid for I think...
AAZ is the only force in the country able to process difficult ore!
If we don`t get a share of that action, would be very surprised.

Any way, just look at Market cap. the rest is not important, wee need at list 60-70m cap before taking in to account other developments.

Looking close to buying territory again...

[mattjos] 23/11/2016 12:12

Not quite yet

[brasso3] 23/11/2016 12:07

Matt

Is that the double bottom you were looking for?

[brasso3] 23/11/2016 11:23

Matt

The Manat weakness keeps bringing AAZ in country costs down so maybe with the other improvements sub $700 AISC is not far away.

[jbe81] 23/11/2016 11:14

Will be some drilling results at some point, might not be far away

[zhockey] 23/11/2016 11:05

Agreed Matt, and I expect that explains the doldrums as it becomes more apparent that Azergold are looking to run Chovdar.

I think Jbravo still believes that there is potential for a deal but It seems less likely now.