Anglo Asian Mining Share Discussion Threads

[brasso3] 09/10/2017 20:53

I think we have another 5 or 6 trading days before news. I would expect to see 35p - 40p before Q3 results.

[jeanesy] 09/10/2017 19:55

Looks to me that perhaps we are going to get news tomorrow and the MM's Didn't want to let any go in anticipation of good news. I hope im right !

[jbe81] 09/10/2017 19:25

If you are right jbravo, as more shares get taken out of the free float the rise on any buying will be even sharper . With plenty of good news due to hit in the next few months , should be quite a rerate

[wrighty46] 09/10/2017 18:59

185k buy went through after hours I think on Friday. Might be wrong but sure I saw something.

[jbravo2] 09/10/2017 17:13

Things change pretty rapidly in a share with such a small free float.


The amount of shares kept by the MM's is small and it only needs a sniff of good news (which anyone with a brain now knows is less than a week away), a day without any sales, a day with only buying pressure and they tighten up the market to try to work out where they're going to get a supply of shares from.

Of course they could just raise it a lot to get some quick sales but they don't want to create a flood of sales with the buying pressure then disappearing.
Instead they want creep it up, to let a few people think on their gains, to tease out the weak holders at as low a price as possible.
That way they get a small supply, and they hope they can then feed the leftovers to the out of hours buyer.

[basem1] 09/10/2017 16:56

There seemed plenty about on Friday, how can the situation change that quick on a low volume day ?

[mattjos] 09/10/2017 16:24

Absolutely Zero shares offered online through various brokers.
Just checked with IG .. you cannot even get £1 / point. It's not telephone only but, you cannot get any

Cantor desperately trying to hold the price back by simply not selling any. How is that making a market?

[mattjos] 09/10/2017 16:18

max online is 100 shares!

[mattjos] 09/10/2017 16:09

only 10k online at 33p now. Very, very hard to buy many at all

[jbravo2] 09/10/2017 15:29

Not really basem.
Only half the amount on the main.
Buys from this morning.

I had that last 25k. There is very little stock around.

The results from Q3 are going to be great.
That will create a bit more churn. A few more muppets will be convinced to sell for their 10-20% gain and then attempt to start deramping.

Been seeing it since 8p.


The last half of this year is going to be fabulous and 2018 is gonna blow your mind.

[basem1] 09/10/2017 15:28

Thanks M appreciate it

[mattjos] 09/10/2017 15:26

just a 25k buy at the full ask of 31.5p, through the main market, seems to have sent it up a bit.
The buyer has been fishing for stock all day in the auctions but, not been given any.
We creep closer to 33p

[basem1] 09/10/2017 15:20

Any trades on the secondary markets today anyone please ? I guess there is for this rise to have happened.

[catsick] 09/10/2017 09:46

Q3 should be decent, q4 should be a monster ! Will be interesting to see where the debt stands now after getting ugar operational, from the sound of that broker note it cost 2m to get the whole thing up and running so we should have paid down a little debt in the quarter, q4 we should be rolling in cashflow !

[jbe81] 09/10/2017 09:24

Would expect some buying today in anticipation of q3 results

[petrusgazin] 09/10/2017 07:10

Hi , I dont say a takeover is going to happen, just that if there is going to be an attempt at merger or the like then 137p is the very minimum that could be considered and even then it would most likely not be enough ...

[albo76] 08/10/2017 16:24

Found this an insightful read from recent goldmoney newsletter. Thought it might interest others.https://www.goldmoney.com/research/goldmoney-insights/the-upcoming-increase-in-interest-rates

[friendzarin] 07/10/2017 13:41

Like your optimism petrusgazin and would love that to come about !

Shame according to someone on the year end forecast AAZ are going to get taken out before the year end for 137p......oh it was you ;) .... that sounds like a good each way bet I'm happy to ride with.

Keep the posts coming they are extremely good reading and if anyone hasn't done so yet click on petrusgazin's previous posts alongside his name to see what I mean.

[timberwolf3] 07/10/2017 12:11

Hi petrusgazin - Your posts are very knowledgeable and you appear to know the area very well, could almost say that you have your ear close to the ground :)
Keep up your informed posts please.

[petrusgazin] 07/10/2017 10:19

aaz will not be happy that a lot of the strategy has been leaked before they announce in the q3 update.

My prodicion is the next 5 years we see 100k gold equivalent per year as 75k gold +25k copper average, towards the end of that period there will also be zinc and molybendum being produced and possibly even cobalt if it is commercial. Capex from now will be fairly low, some crushers, some underground mine equipment and some processing for the zinc and some additional flotation circuits. The irr on new equipment will need to be 50% with a 10 year usefull life and all capex will drive down cost per oz even more.

From end of 2018 debt will be gone so cash will be invested internally when it can get 50% or start to be returned to shareholders, then we see the shareprice go to the moon !!

[bleepy] 07/10/2017 00:36

From nomad's first note...

Gadir

• A proportion of the underground ore is unusually soft and friable but with competent hangingwall rocks making it ideal for blending and sweetening ores from other parts of the mining operation


This another bonus for Aaz as easier and accelerated removal of ore equates to lower cost per ton mined.
I wonder if they encounter similar ore beneath Gedabek open pit.

[mattjos] 06/10/2017 21:48

what a difference a couple of days makes :-)

Very bullish sign, such a strong bounce of the 38% retrace level & with some rising volumes now


free stock charts from uk.advfn.com

[jeanesy] 06/10/2017 20:22

Thats much more like it today !