Anglo Asian Mining Share Discussion Threads

[mattjos] 16/2/2017 16:56

A foretaste of what is likely if Le Pen wins in France:

[s0lis] 16/2/2017 14:16

Mattjos

Ta. Standard format. Fill in the blanks, never mind if it's not relevant.

[mattjos] 16/2/2017 13:53

most of the RNS's now come with this guff at the bottom so, assume it is new regs on the markets.

Thought this would have been RNSNON though as don't see it is price sensitive disclosure.

[s0lis] 16/2/2017 13:01

All I can think of is ATB wanted to reduce their exposure (could be general not company specific) and sold off some of their portfolio and were offered a good price by GPBS

[martincc] 16/2/2017 12:56

Can't quite see the point of that move, same terms etc., but must have their reasons

[s0lis] 16/2/2017 12:46

RNS

Anglo Asian Mining

16 Feb 2017 12:32:58

Anglo Asian Mining

RNS Number : 0954X
Anglo Asian Mining PLC
16 February 2017

Anglo Asian Mining plc / Ticker: AAZ / Index: AIM / Sector: Mining

16 February 2017

Anglo Asian Mining plc
Partial transfer of loan from Amsterdam Trade Bank N.V. to Gazprombank (Switzerland) Ltd

Anglo Asian Mining plc ("Anglo Asian" or "Company"), the AIM-listed gold, copper and silver producer focused in Azerbaijan, announce the partial transfer of its loan from Amsterdam Trade Bank N.V. ("ATB N.V.") to Gazprombank (Switzerland) Ltd ("GPBS"). Note that all references to "$" are to United States dollars.

In October 2013, Anglo Asian entered into a loan with ATB N.V. for $37 million for the purpose of constructing its agitation leaching plant. The balance of the loan at 31 December 2016 was $17.3 million. On 15 February 2017, a transaction was finalised to transfer 50 per cent. of the balance of the loan being $8.6 million to GPBS. The terms of the loan and security will remain unchanged and ATB N.V. will act as agent to administer the loan on behalf of ATB N.V. and GPBS.

Not sure what it all means or why it was done....... Anyone ??

[mattjos] 16/2/2017 11:34

Cannon, for those that added at just under 20p there has already been a 30% rise.
I doubt anyone has huge expectations for January anyway due to the normal temperature influence on the extraction processes.

As already pointed out, the Az press figures are increasingly disconnected with the true monthly situation as they do not reveal production figures for the Copper/Silver/Gold concentrate. These now lag the dore production figures as we have to wait for the figures from the final refining.

I think that newsitem will be quickly digested and the market quickly continue to look forward to the wider picture + the debt payment this month

[cannonfodd3r] 16/2/2017 10:44

I'd doubt there will be any great movements until production figures come out and a drilling update is issued. Az news update must be due out imminently which will give a good indication as to whether production is back on the up or declining slightly as it has been the past quater or so

[jbravo2] 16/2/2017 10:30

Yes it hilarious that some people feel the need to only buy shares they can own millions of with a few hundred pounds. It's obviously tied to the fact of convincing themselves they'll be millionaires when its worth £1/share.
Best of luck to them. They'll clearly need it.

Here on the other hand, the only way is up.
Another payment to ATB made in a week. Just six to go then.


This share price will be double last years high this year.

[mattjos] 16/2/2017 10:01

pleasingly, still no evidence of the herd here.
Judging by the chimp thread, they are all off chasing penniless drillers in the O&G sector or other miners. That sector is all being pumped up hard but, in what does look like a 'pass the parcel' exercise from the city to the PI, ahead of a market meltdown later.

I imagine they may clock it when we breach 35p and/or when gold closes over $1,300 but, it will likely prove too 'expensive' per share by then for most of them.

[mattjos] 16/2/2017 09:46

indeces zhockey not AAZ

[zhockey] 16/2/2017 09:45

Blow off top? We're still a way below last year's high?

[deanroberthunt] 16/2/2017 09:10

break and hold 34p and it's chocs away

[deanroberthunt] 16/2/2017 09:07

this is it boyz, Siler $50, Gold $3000

[deanroberthunt] 16/2/2017 09:01

yep, another big rise on the Dow and I'll start building a short ETF

[bumpa33] 16/2/2017 08:14

feels like we're in a proper 'blow off top' market phase....

[deanroberthunt] 16/2/2017 07:11

the US economy and all the protagonists are in complete denial, the DOW keeps on making new all time highs with 100+ point gains day in day out, it's complete madness....

you know that when an index is going up like this, everyone's uber bullish and it's retail investors pouring money into the market.....it's about to all fall over big style.....

it may continue to go up while everyone sticks their fingers in their ears and la la's.....and this may persist for another 3-6 months, or more....but when they pull the plug it'll be brutal and it'll be retail mugs left holding the baby....with the smart money already moving to precious metals.

[gutterhead] 15/2/2017 21:19

Let's see the next trading update before we get too carried away.
£3-42 sounds good though!

[mattjos] 15/2/2017 20:09

Through the previous reaction high now, for sure.This breakout on that chart looks to me like it will turn into a Cup & Handle on the longer term uptrend & give us a 50-55p target before next consolidation.Since I think we will actually see a series of nested Cup & Handles within an overall larger bowl shape, a break of 55p should then move us on to 80p.Hovering around 80p by the time of the second French vote will be nice & a breakout from there should see us well over the £1 level, with 80p as the new support level.Thereafter? Well, if/as/when we reach a 'blue-sky' price, the 'fanciful £3.42 price may yet be reached as all prior price points become irrelevant when you hit all that me highs & uptrends often remain in place for longer & higher than most think possible. Still, one step at time for now!

[robo21] 15/2/2017 17:12

The chart is looking a lot better !!!

[deanroberthunt] 15/2/2017 16:46

this is one of the most undervalued PMers, if not the most...ends

could 4-5 bag and still not be expensive