Anglo Asian Mining Share Discussion Threads

[catsick] 14/8/2017 07:41

As I was suspecting the mining costs of this deposit are amazingly low, they quote a cost to mine of 1.75 usd per ton of ore and then 5.22 usd to process on the heap initially they will be mining the 2+ g per ton stuff which will have over 100 usd per ton of gold/silver in it , this deposit is going to be amazingly profitable !!

[catsick] 14/8/2017 07:10

Jorc out , 199k oz , all looks in line , slightly better, road is done and producing this month, all looks good

[mattjos] 13/8/2017 11:24

We've got the Ugur maiden JORC due to be released at any point in the next 6 weeks, that remain of Q3.Would be terrific if the company's early guidance is exceeded by the JORC statement ... that would be a great example of an intent to under-promise and over-deliver.The interim results are 8 weeks away and that should once again confirm the debt reduction continues to plan, if not ahead of plan.12 weeks time it's Q3 operations & production update & we should get some early indications on Ugur production & the restart from Gedabek & Gadir.There is plenty of newsflow to keep this front and centre and with gold and copper trading as they are, the debt is very soon going to dwindle into a non-issue. At what level will the majority decide the remaining debt is simply no longer a red-flag?

[andrewsr] 13/8/2017 10:42

I think charts still work quite well for companies and your charts for AAZ are very useful, thanks.
Perhaps the manipulation of the gold market will change if traders change their strategy. Placing stop losses just below 'support levels' must be consistently losing money to algorithms, so perhaps counter algorithms?

[mattjos] 13/8/2017 10:28

The next level to overcome and consolidate on is the 27p level. Let's see if that proves to be the case

[mattjos] 13/8/2017 10:26

That has to be some merit in charts.When this was 30p and falling and I said then it was going to close the gap at 4p, there were plenty who dismissed that as nonsense.Yet, that is exactly what happened.The chart theory (EW retracement) suggested 15.25p would the more recent low & that too proved to be the case.The same theory suggested 22.75 would be the next level to overcome and then consolidate for briefly & that too looks to be the case.It may seem like gibberish to many but, there are merits in the theory & not wise to completely ignore it.

[andrewsr] 13/8/2017 10:12

I think most other markets are liable to a near-term serious correction or crash in which IMHO gold will fair reasonably well. At some point when volume increases manipulation will or should be overwhelmed.
I agree charts provide a useful picture, but I don't think support levels can be relied on, particularly in quiet markets.

[el_duderino_7885] 13/8/2017 09:42

I agree that charting is less useful than in the past due to the zombie manipulated markets of today.

However they aren't useless. They encapsure everything including the manipulations. If you believe that markets are ultimately bigger than the entities trying to controlling them then they absolutely have use.

If you think the algos are in full control and always will be then why even invest in precious metals?

Plenty of other, less manipulated markets around.

[andrewsr] 13/8/2017 08:57

Charts may show behaviours but if that market isn't free they're not going to work very well. Support levels aren't going to work if they're underlain by stop losses being gamed by high speed algorithms or massive naked shorts by parties controlling the market when most traders are asleep.
IMHO the price will depend more on the behaviour of 2 megalomaniacs/lunatics, the Dow, dollar, even/maybe the Dow/Yen, although the latter doesn't seem very rational.

[el_duderino_7885] 12/8/2017 00:10

Hedgehog the charts show behaviours. In all behaviours in nature there are patterns. The charts are a visual representation of market behaviours, feelings,emotions and ultimately decisions.

We are interested in behaviour changes, because when they change, decisions changes and then ultimately price down or up.

No one can predict with 100% accuracy but the longer the pattern is seen the more accurate you can be when you notice the change.

What we are seeing here is a fundamental change in a very long term pattern in the gold market.

This indicates now that different forces are at work and gold is likely to head in a different direction.

History demonstrates that when such clear, long term, patterns like this are broken you can expect violent moves in the opposite direction.

Go read my posts when I called a generational top in the dollar earlier this year. It is almost 10% down since that call. Am I a genius? No I'm not but the charts clearly told me that we were about to witness a breakdown in the dollar and we did.

This coming move in gold in a 6 - 12 month time frame will surprise a lot of people.

[mattjos] 11/8/2017 20:52

hedgehog .. a chart is a chart and what we have here is a very clear upside breakout from a huge 5-year falling wedge ... that falling wedge is simply a minor consolidation pattern within in a 35 year uptrend.

I keep saying this but, when this shortly breaks $1,300, it is really going to go quite bonkers, imo.

[el_duderino_7885] 11/8/2017 20:46

GDX was the last conflicting signal I had. This has now broken out on both the daily and weekly charts!

Very excited. We are finally out of the 6 year bear market.

The upside from here is going to be life changing if you position yourself correctly IMO.

The charts are looking beautiful despite the attempt to push the metals down today :).

[hedgehog33] 11/8/2017 20:42

Charts with red & blue lines all pointing downwards Matt WTF. Can you turn the charts upside down please. Easy to plot history, another thing predicting the future.GLA.

[mattjos] 11/8/2017 20:27

same chart, same lines, just smaller timescale with weekly candlesticks


free stock charts from uk.advfn.com

[mattjos] 11/8/2017 20:25

this is WEEKLY CANDLESTICK chart for gold, to draw the red and blues lines .. then turned the chart to line to show the scale back to 1979. ADVFN has a chart corruption and wont let you see that timescale in candlesticks).

Can we now agree Gold has broken to the upside, on a weekly basis, from the falling wedge?


free stock charts from uk.advfn.com

[gutterhead] 11/8/2017 19:05

Matt, I feel left out 😩

[brasso3] 11/8/2017 18:32

Thx Matt. :)

[mattjos] 11/8/2017 17:24

email for you Brasso & you Celeritas

[zhockey] 11/8/2017 16:53

Celeritas, where are these inflationary pressures? Deflation looks more likely as QE is unwound.

[celeritas] 11/8/2017 13:10

OK NK is driving the current position but the main drivers are inflationary pressures due to the amount of money now and still being pumped into the system. NK is just a sideshow as I'm sure we'll see plenty of others along the way.
For me we will fly through 1300 this year.

[celeritas] 11/8/2017 13:04

Yep could do with some sellers to add liquidity.
Gold doing very well this year along with silver and copper, remind me what AAZ produce again.

[jbravo2] 11/8/2017 12:51

Yes well the supply has dried up it seems.
As well as the director shares we had a substantial seller.
Either he's run out or he's finally realised he was being taken for a mug by the buyer. He was letting him sell and only mopping up at the end of the day anything spare after the market had taken their chunk.
Yesterday was a perfect example.
2x50k sells during the day, 2x25k buys (by the market?) then an after hours 50k that the MM's fed the buyer.
Might not sound a lot but he accumulates 1m / month at that rate.


Now if the seller is out or waiting its gonna be a cat and mouse game.
Will the buyer start to buy some on market, raise the price and flush out more sellers to supply him or will he wait it out hoping the seller has more to give?

[mattjos] 11/8/2017 12:29

always find it interesting how a stock can go from plenty of buying to, seemingly, absolutely no interest.
Gold trading at 7% above the $1,200 level that the company has based its forecasts on .. in fact, Gold has averaged 2-3% above the company base case forecast all year.
With the leverage in the business model, this is just great for the company.

I assume everyone simply waiting to see if gold holds on to gains and moves higher or not + the order book likely does not look enticing to buyers just yet ... even though those familiar with the stock know full well that when the buying returns, the MM's imply shutdown the buy limits

[andrewsr] 11/8/2017 11:14

Any favourites (alternatives to AAZ) - HUM look promising as also mentioned by zhockey a while ago?