Anglo Asian Mining Share Discussion Threads

[mattjos] 09/1/2018 18:20

All,I was very much in a minority of one some years ago when I sold out at 32p and declared it would drop to close the 4p gap.That is exactly what happened.At 4-5p I said it would 25 bag .. again I stood alone.Now we're at 34p, & the 'story' has moved on a few more chapters, I know that others are now beginning to believe and share my view that over 100p is coming. Several have messaged me to declare their prior intent to sell at 50p has now changed.It's all in the charts, if you care to do some very basic research.This current pattern is merely a continuation pattern of the uptrend and will see 45-46 hit in short order, imo. We can let a few more off the train at that station but, my ticket goes longer.

[jbravo2] 09/1/2018 18:14

Just read up on it.
ht tps://www.investopedia.com/terms/c/cupandhandle.asp

OK so it's pretty much as text book an example as you can get.
Nice.

[jbravo2] 09/1/2018 18:10

So forgive me not knowing any charting.
OK you've mentioned cup and handle enough so I know C&H is that, and I think I can make out what is the cup and what is the handle (now forming) but how high does a handle go?
:)

Edit: posted at same time. Oh ok. I'll take that.

[mattjos] 09/1/2018 18:10

Should challenge previous ATH's

[jbe81] 09/1/2018 18:00

3 to 6 months?

[mattjos] 09/1/2018 17:59

How far ahead?

[jbe81] 09/1/2018 17:48

About time we had some of your forward looking charts Matt.

[mattjos] 09/1/2018 17:44

Chart is one for the C&H text-book:


free stock charts from uk.advfn.com

[jbravo2] 09/1/2018 16:28

Yes they've left the marker down at 32p to try to convince a few mugs they're getting a real good deal when they offer them over 33p for their shares

[mattjos] 09/1/2018 16:17

:-) they just widened the spread is all ... to try and deter buying.
They're paying a penny over the indicated Bid but don't want to show that. Artful sods

[davidspringbank] 09/1/2018 16:13

Here we go!

[mattjos] 09/1/2018 15:52

absolutely determined to keep it here and suck up what they can from the market. This close to the update & the MM's know the buying will intensify once it starts to move so they will want to gather in as many as they can now, for the rise later

[jbravo2] 09/1/2018 15:50

Offering 33.5p now for 50k.
It'll move with one more buy unless they get their stock. Anyone want to give em their shares?

[mattjos] 09/1/2018 15:32

I am offered 33.25 to sell a bucketload & can only buy at full offer

[mattjos] 09/1/2018 15:24

quite unusual for AAZ to have such strong continued buying pressure with no movement in the price. The reins will have to come off it soon

[jbe81] 09/1/2018 14:22

Cant be many left at these price.

[brasso3] 09/1/2018 12:30

I hope it breaks the 35p resistance before news. AAZ normally pulls back on quarterly updates.

[mattjos] 09/1/2018 12:28

re. UKGeorge's post ... this a perfect example of why we have had the stock to ourselves despite 7 bagging to date. He and others will wait for the figures

[jbravo2] 09/1/2018 12:01

A great week or two sure but it will be an amazing year overall.
Seriously this is the year I've been waiting for. They can either go debt free or choose to do something else with the money.
Thats going to be exciting.
And you're right I'm already very happy thanks having doubled my money but there is so much more to come.
Where else can you find where the management don't rip you off with their share issues, placings etc?
If Reza wins, we win.

[jbe81] 09/1/2018 11:57

Good to see the shares that were available in the auction taken. All buying now, should be a great week or 2 here, as well as a good year. Jbravo you will be one very happy man.

[jbravo2] 09/1/2018 11:43

Typo. Meant £40m. Thanks, corrected.

True AISC will only be relevant to be calculated after Q4 results in 1 weeks time.
Confident we'll be much much lower than $1k/oz as Q4 production will be much larger.

They haven't issued 2018 guidance yet, and often only do so at end of Q1.
Current run rate 200oz/day from new resource Ugur. Gedabek starts again in Q1 as well.
New crusher will mean higher treatment rates esp if they run two separate treatment lines

[ukgeorge] 09/1/2018 11:40

How do you get a $40M value?

I'm just taking a look at AAZ and this is my take.

Mkt Cap £38M US 51.5
Net Debt US$25.2
EV US$ 76M

Debt paid in 2017 9 month $9.4

from production of 37koz au + cu +ag
Making US$250/oz of gold so the true company AISC is approximately $1,000/oz

annual profit should be about $12M

Giving a P/E of a little over 6


What is 2018 gold production guidance?

[jbravo2] 09/1/2018 11:36

Yes its been very easy to sell the last few days.
Could get quotes for 25k yesterday all day.
Needless to say there is little appetite for selling.
The bargain that this is is less than one week away from being highlighted to all.

2017 production and year end debt figure will make it obvious.
2017 revenue and market cap will make it obvious.
2018 plans for exploration will make it obvious.
Refinancing of debt will make it obvious.
New crusher paid for as we continued to pay off debt will make it obvious.
Raising of dam wall for extra capacity will make it obvious.
New extra pipeline laid to dam to allow for further plant expansion will make it obvious.
Starting construction of that expansion will make it obvious.
Main pit back wall pushback for another 7 years supply will make it obvious.
New underground resources from Gadir and under Gedabek will make it obvious.
Dividends will make it obvious.


There you go, if you're new here, you now don't need to read anything more. Go look at the pictures of the plant and the mine. Marvel at the $200m spent and the fact you can now get a slice of it whilst its only valued at £40m.
Look at the 3 year share price graph. Lovely.

It won't last long. Break out coming.

[return_of_the_apeman] 09/1/2018 10:46

Perhaps I should have taken the offer price but not looking to sell any- was just offered 33.25 on 15k so have topped up, seems easier to add in smaller chunks or by limit orders

[robo15] 09/1/2018 10:40

This is on the cusp of breaking out. :-)