Anglo Asian Mining Share Discussion Threads

[malcolmmm] 05/2/2018 14:02

How do we know that there will be an update tomorrow?

[davidspringbank] 05/2/2018 13:19

I bought 25,000 @ 38.70p.

[jbe81] 05/2/2018 11:41

Didn't take gold long to start to recover!

[bumpa33] 05/2/2018 10:42

It’s not where this mkt blip/correction/wobble - delete as appropriate - ends, it’s what comes after that matters. If the sell off in bonds continues and yields continue to rise then we could be looking at the start of the top in the S&P. And the thing to look for is the behaviour of the $. It’s been a very long time coming but it might just signal the beginning of the end of its status as the reserve currency. The Chinese have had enough of it, if you believe the reports out there.

4 Fed interest rate rises over 2018 will kill this market stone dead imo.

Then things really will get interesting.

[yasx] 05/2/2018 10:33

There was hardly anything at 38. A little late to the screens this morning, added a small amount.

[mattjos] 05/2/2018 10:25

Tried at 38 but just a bit too slow :-(

[2sporrans] 05/2/2018 10:22

Bagged some more for 38.0p

May go in again for 2nds, seeing a good chance of explo./dev. update tomorrow am.

roughly 17% off the buy peak; that's a pretty hefty re-trace [nearly 50% of gain since pre-q4 news price], even for a stock that's been soaring.

Where would you sooner buy the dip right now:
Here
Or .....??

Though I expect the general sell off in equities will end v. soon and rise resume to new highs, not confident.
The game may really have changed with the new inflation perceptions + rate rise f/casts and bond yields rising fast.
Looks more threatening than 2013 'Taper Tantrum' situation was.
Though very American centric, that's still where a huge % of global investment flows come from.....and go back to.
If the $ keeps reviving, a ton of American money will return home, regardless of perceived better value or growth or whatever elsewhere.

With all this + cryptos taking a savaging [in credibility not just price], could be pretty supportive for gold.
AAZ sitting pretty with $1200/oz POG; $1,300+ is great with ~$600/oz AISC.

[malcolmmm] 05/2/2018 09:40

If the markets do tank on US interest rate rise concerns, hopefully Gold will rise as a safe haven also Bitcoin has gone down the krapper which I reckon will help.

[gadolinium] 05/2/2018 09:17

Thanks for the reply Terropol

[catsick] 05/2/2018 02:18

I think we get the update on tue, only problem is that if the general market is melting down and good news will be ignored and the market makers will have the market shut so there wont even be a chance to buy any, I think 2018 will be the big year for aaz, finally good production, hopefully good exploration and a much higher gold price for a triple whammy, I am sure the chinese will buy a shed load this year, the Russians have built up a larger holding than the Chinese with an economy 1/10 th the size, this year they will go on a treasury buying strike and hoover up gold !

[terropol] 04/2/2018 23:06

News will be out by Thursday. Otherwise Bill can not present at Proactive. Market sensitive info as to be released to the public in the market.

[terropol] 04/2/2018 23:03

Gadolinium, we send the dore bars to Switzerland to be refined. The gold gets sold there a afixed closing on an agreed day of the week. Buyers will pay a small premium when taking Gold. We pay to get the gold refined but is about 5$ x oz.

[celeritas] 04/2/2018 19:46

Gold: Why This Golden Bull Market Is Just Getting Started

[mattjos] 04/2/2018 16:23

it did increase once your position was into the second and third tiers.

[loafofbread] 04/2/2018 15:09

I'm pretty sure the IG margin has stayed the same this week.

[celeritas] 03/2/2018 23:01

Well worth watching again

[mattjos] 03/2/2018 14:33

free Q4 Gold Price Daily

[gadolinium] 03/2/2018 11:22

I see some estimates here of AAZ earnings based on the 'current gold price' in the header chart, but surely the gold bullion dealers that AAZ deal with must buy the gold from AAZ at a discount. Otherwise how can they make profit when they resell it to their customers, unless their customers are prepared to buy at a premium to the current gold price?
Any body understand how this all works?

[jeanesy] 02/2/2018 20:41

Did not expect to see these dip so low so close to news but a 3p initial drop on no volume seems ridiculous. Hopefully it was caused by the sudden drop in the POG. A shame I was not able to take advantage of buying some more at this price!

[mattjos] 02/2/2018 19:19

free stock charts from uk.advfn.com

[celeritas] 02/2/2018 19:18

Just ignore Matt, let the news do the talking. All the gold stocks got hit this afternoon.

[terropol] 02/2/2018 18:57

I am confident the drop this afternoon is not company related.
More like 1 or 2 sellers ant the MM.s soon drop to silly prices.
IG index also this week has changed % of deposit needed on positions...and any body who has not had spare funds to cover shortfall will have forced to close out of some positions.
Gold dropped 14$...so what? is still $1335 and way above were we need to be to make money from our processing.
Have a good week end all and well done to those you got in sub 40p.

[mattjos] 02/2/2018 18:40

Alternatively, put money into 'safe as houses' companies such as Carillion, G4S, Interserve etc etc. All drowning in debt, Directors with no real skin in the game, artificially inflated Balance Sheets, divi payments solely to try and keep the share price aloft & keep the lenders happy.Or the supermarkets .. all slashing costs and staff in a forlorn hope to keep going in the face of Amazon & Lidl.

[mattjos] 02/2/2018 18:35

I'll put up a chart later to try and explain ..