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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Anglo Asian Mining Plc | LSE:AAZ | London | Ordinary Share | GB00B0C18177 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-1.50 | -2.34% | 62.50 | 61.00 | 64.00 | 64.00 | 62.00 | 64.00 | 95,814 | 09:22:23 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Miscellaneous Metal Ores,nec | 84.72M | 3.66M | 0.0320 | 19.53 | 71.4M |
Date | Subject | Author | Discuss |
---|---|---|---|
20/3/2017 18:57 | The company and Bill Morgan in particular are normally very quick to reply to emails. Nothing as yet which is very unusual. | jeanesy | |
20/3/2017 18:33 | No zhockey, you're getting confused. They haven't been exercised. It doesn't help that matt thought he'd seen a trade which would account for a sale to cover the costs but the RNS reads that the sale will only be made from the shares taken through the options. Which of course makes sense in case they don't exercise the option. But as I said at the time, its confusing. Why do you need to detail the actions the directors will take i.e. will buy on the day before expiry if above a certain price but won't if below that price? Surely that is the approach taken on most options and most companies don't plaster it up in a RNS. | jbravo2 | |
20/3/2017 18:13 | I recall that sold some at excercise to cover the purchase? | zhockey | |
20/3/2017 17:43 | Ok maybe not banning but strange | ferries5 | |
20/3/2017 17:37 | fwliw, guess we all would appreciate knowing the production stats to end Feb. for gold via floatation and copper/silver concentrate at earliest opportunity; i.e. not wait until some way into April for qtrly release. Moreso, obviously, an explanation [Grades] for low gold stats that have seeped out so far Not holding breath. | 2sporrans | |
20/3/2017 17:18 | Zhockey. RNS: hxxp://www.angloasia Issued 17Jan17 So they exercise their options to buy the shares 26jul17 if the share price =>13.5p Seems fairly innocuous to me; significant but certainly not huge volumes/dilution. | 2sporrans | |
20/3/2017 15:01 | Banning them from selling shares? You've read it very differently to me. Admittedly I've no idea why the RNS was issued. My reading is it is simply stating they will take up their options on the day before expiry, funding it by the sale of the required number of shares from their options so that they don't have to put their hands in their pockets. And only so long as the share price is high enough. Not really sure why it required a RNS so far in advance. Baffling. | jbravo2 | |
20/3/2017 14:21 | Depends what they say in the quarterly update, if they can give some positive news all will be forgiven . That rns banning the directors from selling shares for 6 months, starting to make sense now. Imagine the panic if they had started selling along with the low production | ferries5 | |
20/3/2017 13:09 | I guess the company has not told the market how much gold they are going to extract each month. Had they done that then changes would have to be reported. April not to far away, we will get news then. Also we have no Idea on the amount of other metals produced. Government figures only tell some of the story. Had they not met bank payments, then market would and should have been told. I am assuming no news is good news. | terropol | |
20/3/2017 12:45 | I cannot see how a decline in production to 2500 - 3000oz per month cannot be price sensitive news. We all know that Q1 is usually the worst quarter but this is a notch down on last year. I expect that Q1 will now be the worst quarterly production figures since 2013. | brasso3 | |
20/3/2017 12:40 | Brasso3, just remember the market cap of this company....(Small explorer valuation). I assume if they have not made any announcement, it must be that there is no market sensitive news to report, if that was the case the brokers would have been on the phone to the company to update market. This price drop gives the brave ones chance to up the holding...and I have done just that. | terropol | |
20/3/2017 10:59 | We will also get hit again as that will be when they confirm one of the worst Q1 production quarters for several years. Much better to get this kind of thing out of the way rather than the silent treatment. | brasso3 | |
20/3/2017 10:43 | ferries5, we will get quarter update early april. At the same time we should get guidance for the year etc. | terropol | |
20/3/2017 08:58 | 10 day national Holiday In Azerbaijan, so not expecting any news. | ferries5 | |
20/3/2017 08:37 | Certainly grade issues and uncertainty over the resource is holding this back. If those Russia drill numbers from back in the day are even half right then there shouldn't be a problem with the resource going forward. We need to see some tasty grades and upgrade the resource quickly or this will keep going lower. POG is slowling the decline in the meantime time. | ilostthelot | |
20/3/2017 08:19 | Morning all, I've just read through the posts from the tail end of last week, and am surprised at some of the comments. Surely, unless AAZ are exempt from the rules, if as someone said there could of been a strike or collapse or major plant problems, then the company would have to release an RNS as these are events that could materially impact the value of the company. As there hasn't been a release of news, I'm comfortable with the fact it was weather or grade related. I will agree though that a resource update would be most welcome here. Scheduled news due in a few weeks, then this year's plans and expectations should become clearer. I added last week only a small amount, but still happy here.GLA | wrighty46 | |
17/3/2017 21:35 | I have just emailed Aaz and requested an open and transparent reply on a number of issues. I'll keep you informed of response. | bleepy | |
17/3/2017 21:03 | Surprised that no-one has mentioned about the silver and copper production. Are those figures published with gold ? Price reaction today was as expected .Lots of PI's selling but a very large buy .Someone must be confident. Until the picture becomes clearer then imo, unless they know something, it is a brave move. Production has fallen sharply for several months. Too much has been made of the weather. It is open pit grade issues that are the problem and have been for some time. How much gold is left to mine ? Without a resource update and some news on drilling, that has to be a big worry. Debt will start to go up again if the company continues to produce such poor figures unless silver and copper production is good enough to offset the decline. The company must surely say something before mid april after these figures. | jeanesy | |
17/3/2017 19:09 | Indeed and the vast majority of buys are trades much larger than your average PI deals in. Of course it may be a wealthy PI or two, but it's a relatively small number of buyers compared to sellers. | jbravo2 | |
17/3/2017 18:03 | Huge volume today | jbe81 | |
17/3/2017 16:55 | https! for some reason this thread keeps changing the address! | el_duderino_7885 | |
17/3/2017 16:54 | hxxps://abx.com | el_duderino_7885 | |
17/3/2017 16:53 | JBravo - all excellent questions There are three main reasons for my current thought process: 1. Charts - have you seen the long term gold chart? Looks very much like a generational bottom has been put in over the past few years and the three recent higher lows from the last three rate hikes are a very good sign. Gold does very well in a rate hike environment where real rates are falling like now. We're currently in a pennant formation which will resolve up or down in the next few months - hence why I place an importance on the short term price action. 2. Physical demand - I put a lot of stock in Andrew Maghires recent interviews where he talks about the sovereign bids underpinning the gold market and meaning the banks are unable to push price down far enough to cover their shorts. The theory is that if price goes down too low the sovereign bids will be hit and the gold does not exist to deliver without going in to the market and trying to buy it. These sovereign bids seem to be bid at a steadily higher price meaning the floor in gold is rising. There is a real possibility of the paper market finally being swamped by physicsl demand which they are unable to supply at this price. Additionally have you seen the abx? hxxps://abx.com This new physical exchange is meant to be fully up and running in direct competition to the Comex this year! 3. Political. There are a number of black swans around - particularly in Europe. Imagine the demand for gold if Italy & or Franceclook like they are existing the EU and probably the Euro. Also Trump has made it clear he wants a lower dollar so he is essentially declaring war on the unelected Fed. Crazy times. Putting it all together i'm convinced we won't have to wait too much longer to see much higher gold but like you say, the paper market is currently in control so there are no guarentees of course :-). | el_duderino_7885 |
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