Anglo Asian Mining Share Discussion Threads

[royaloak] 27/7/2017 13:34

First time I have held this one for years, but had been on my watchlist for a few weeks now, so took advantage of this dip, only a modest amount at the moment though.

[jeanesy] 27/7/2017 13:33

I hope i just got my timing wrong for buying more stock. Long term i hope the price will move steadily up from here. The outlook looks better than it has for a while which is why i bought back in. I have followed this stock fro a lot of years now.. some good some bad. Hopefully we are beginning some good times .. please !!

[edjge2] 27/7/2017 13:30

False breakout trapped me and now killed. AAZ building stock as far as I know for processing later. May be good move with prices likely moving much higher! Have to tough out a large loss for a while. Likely now is not a bad price.

[zhockey] 27/7/2017 13:28

Jeanesy, it's called a bull trap, you should have kept your powder dry.

[celeritas] 27/7/2017 13:13

I wonder if Reza's holding which will increase, he does like to keep it just under 30%, more stock will mean a slightly lower percentage.

[wrighty46] 27/7/2017 13:11

Small top up for me aswell just now. Happy to grab a few more. GLA.

[celeritas] 27/7/2017 13:05

Just re-balancing as those options are settled, I expect a percentage will be kept with the other percentage sold to pay for costs. More stock than normal easily moves aaz around.

[jeanesy] 27/7/2017 13:03

A 16% drop on very little reported volume seems a little ridiculous. is this the mm's having a laugh or what ???

[celeritas] 27/7/2017 12:58

Had a few more, hard to get hold of now.

[jeanesy] 27/7/2017 12:55

if i was brave enough. had more funds and knew what the heck was going on id buy some more !Savage drop on very little volume ( that has been listed anyway !)

[jbravo2] 27/7/2017 12:52

For once I'm in agreement with jeanesy!!!
:D
I'm off for a lie down

[jeanesy] 27/7/2017 12:50

Something strange appears to be happening here ! Price dropping like a stone

[jeanesy] 27/7/2017 12:44

I did see a sale of 150k yesterday. Perhaps we will see some similar trades later today ?

[celeritas] 27/7/2017 12:44

It'll be the end of the day.
I don't know what the issue is, these shares did have to be paid for all be it lower than the current price.

[jbravo2] 27/7/2017 12:38

The only reason I can come up with is the background sale of 6-700k shares as I outlined I anticipated yesterday. Thats probably more like 7-800k at the price now though.
Someone can do the maths.
No sign of it showing though.

[celeritas] 27/7/2017 12:37

I've had a few more but not showing.

[wrighty46] 27/7/2017 12:33

Can anyone put a good reason forward for what's going on today? Seems very unusual for this stock.

[edjge2] 27/7/2017 12:32

Got the spike but decided to tough it out jeanesy

[jeanesy] 27/7/2017 12:21

price action seems crazy. Decided to buy some more!

[ferries5] 27/7/2017 11:53

I would just like to add that I'm not suggesting that anything illegal has taken place. Just some sort of compromise.

[jbravo2] 27/7/2017 11:47

To be clear terropol I'm not questioning the award of share options.
All very standard as a reward for senior employees.
I'm wondering about the way its been carried out and I'm sure Reza has better things to do than answer a minor question about share options.
:)

[terropol] 27/7/2017 11:42

No sure..but it may just be the company keeping all directors dealings well posted.
What was there to stop the company from upping their salary? The share options are just a reward. I am sure we could ask that question if not clear.
Also could it be done this way seen that we are involved with a government???

JBRAVO, you could mail Mr.Vaziri and ask him the question.

[jbravo2] 27/7/2017 11:28

I'm with ferries.
It's all been very very unusual. I commented back in January.
The RNS in January as far as I can work out was completely unnecessary. Why does the company need to pre-notify that options will be exercised on the day before they lapse if the price is high enough? That is entirely an ordinary action that needs no prior notification.

The RNS in January also said they would be selling shares to exercise these options (so that net cost to them was zero)
Now they may still be doing that, (the share price has dropped without the trades yet visible to explain the drop), but the current RNS makes out they haven't sold any and declares their holdings as without having sold any.

So if they haven't sold, why the price action today, and what has made them change their minds to want to dip in their pockets? And if they have sold we'll be needing another RNS to notify their new holding. Presumably on 3/8?

All very fishy

[ferries5] 27/7/2017 11:16

The rns in January was very unclear, it was worded as if they did not want you to understand it. and why did the company purchase these options on the directors behalf in January just before they told us that they were stopping production at Gedabey.
Just my pennies worth.

[terropol] 27/7/2017 10:55

What do you mean FERRIES5?
Those options were granted in January, must be as a reflection of their income.