Anglo Asian Mining Share Discussion Threads

[davidspringbank] 08/1/2018 16:16

Topped up with 30,000 at 33.3707p.

[catsick] 08/1/2018 13:50

The sentiment really seems to be turning bullish on small cap miners and explorers, seeing some sharp moves higher on a lot of names into the new year, very healthy production numbers combined with any good news on the exploration front could see an explosive move higher ....

[jaspoland] 06/1/2018 13:11

May get an RNS on Monday. I believe Reza's loan was extended to 8th Jan 2018 from memory

[el_duderino_7885] 06/1/2018 13:06

Ha thank you. The gold chart is actually looking fantastic.

It did take the path of most resistance in that it re-tested the long term downtrend line late last year which admittedly does happen fairly regularly after breakouts.

Getting over $1,305 and staying there is a big deal. I had expected once last dip below $1,300 but we’ll see.

Ladies and gents when it breaks out of $1,300 decisively I will make the call that we will never see sub $1,300 gold prices again... ever!

[jbravo2] 06/1/2018 11:35

Ah, welcome back el_dud.
You were on quite a roll with your calls on the POG when you disappeared. It didn't quite pan out from that point on. Interesting to see if you can get back on track.
Think you've resurfaced at an interesting time.

[mattjos] 05/1/2018 21:54

Welcome back to the thread El-Dud.Good time to get reacquainted with events

[el_duderino_7885] 05/1/2018 20:57

Wow been away since October. What have I missed?

Crazy world of crypto currency’s taking centre stage but still invested here.

[jbe81] 05/1/2018 19:50

Yep, cant see there is enough supply for the demand post q4 results, thats ignoring any drilling results. Should be a huge rerating.

[mattjos] 05/1/2018 19:39

Seller is exactly matching the buyers for last few days ... price is being held at 33 intentionally.Just as it was held at 19p years ago for a couple of weeks, before it broke out.

[davidspringbank] 05/1/2018 15:23

I've just topped up with 14,991 at 33.30p and 33,009 at 33.40p. Woo hoo!

[mattjos] 05/1/2018 13:55

agreed. certainly no rationale for gold to fall back in price on that data

[jeanesy] 05/1/2018 13:31

Those figures are just out should mean that POG should move up !

[jeanesy] 05/1/2018 09:52

Volume seems to be picking up a bit. POG having a breather ahead of us payroll figures.

[jbe81] 05/1/2018 08:58

Wouldnt be surprised if we got drilling results next week, dont think they will be released with q4 results.

[cannonfodd3r] 04/1/2018 19:53

Patience will be rewarded matt!

[mattjos] 04/1/2018 19:41

Gold, cooking on gas this eve.

[brasso3] 04/1/2018 08:28

HNY Guys

Been a while since I looked in here.

Lets hope the Q4 update meets our expectations.

[mattjos] 03/1/2018 21:35

yes, been watching AAZ on Stockopedia for a while now jbravo.

Lots of analytical tools on the site.

One I like to look at is their 'Value any stock' tool.

If we look at AAZ for two sensible metrics as at today's closing price:

Tangible Book Valuation: Current sp: 33p ... Implied Value: 49.11p

Relative to Sector Valuation: Current sp: 33p ... Implied Value: 74.96p
(versus median value of peer group in Metals & Mining sector)

That might help you cyberbub.

It is hard to find a metric on which AAZ is NOT undervalued! Any you do find are based on data that is simply out of date and you'll have to wait for the FY results before they update.

[jeanesy] 03/1/2018 20:41

Production so far this winter has been carried out in very benign weather. Long may that continue in what are normally very cold conditions that do normally affect the figures in the first quarter. Temperatures have appeared to be much warmer than normal so far !!

[cyberbub] 03/1/2018 20:37

So with $45M in gross profits are people thinking AAZ could hit say 200p in the next year or so?

Look at CMCL where the whole Blanket mine is producing 50k Oz with an AISC at $930, and is valued at £120M and a broker target of pushing £200M, is that a good comparator?

[mattjos] 03/1/2018 18:27

its not easy to see the details exactly but, here is a monthly chart for AAZ since IPO.
There are actually two trend lines on here .. a red one which connects the Daily Candlestick peaks and a Purple one, which connects the Weekly Candlestick peaks.

On a monthly chart resolution though, they are so close together as to be indistinguishable

However, I think the emerging picture looks fairly clear, even if you are not a chartist / interested in TA .... the 11.5 year down trend is now on the verge of being breached & this is the month in which it looks likely to happen.

This kind of chart pattern can be classified several ways but, no matter which of the classifications you pick, the confirmed breakout from this downtrend is going to signal some very attractive target prices. I'll not go into any of the theory as it seems more than 50% of the regulars here prefer to use financial analysis .. those that are interested will see and know the targets anyway.
On both a daily and weekly basis, it has now broken out .. the monthly chart shows it is poking its head through just now ... next update should prove to be the clincher & the catalyst for the necessary volume.
Been a long, long time coming but, very close now.


free stock charts from uk.advfn.com

[jbravo2] 03/1/2018 17:22

Well gutterhead, even if he does, I won't.
Seems entirely realistic to me.

The numbers, the logic, the case. It is so strong it can't be denied!