Anglo Asian Mining Share Discussion Threads

[bleepy] 09/4/2018 14:36

The last three sizeable trades look like bed & isa placing before Q1/18 news.

[jbe81] 09/4/2018 09:17

Can't see results before Thursday myself. Still plenty of time for some buying beforehand and wont take much to shift the sp, a fair few of the ones available in auction have been taking. After the results share price should get a real boost, may take a few days as it usually does here.

[2sporrans] 09/4/2018 09:02

Little to evidence increased buying in advance of the Q1 results.
As yet.

A few days back Matt posted:

"previous Q1 updates as follows:

Thursday 18/4/17
Wednesday 13/4/16
Tuesday 14/4/15
Thursday 17/4/14
Wednesday 10/4/13
Thursday 12/4/12"

Matt expected the forthcoming Q1s to land Tue-Thurs next week.

Terrapol recently posted he expects them tomorrow, Weds or Thurs.

Either way, I'm a tad surprised at the modesty of buying end of last week and this morning.
Can only assume existing investors are fully loaded and little to bring AAZ to the attention of new buyers.
Hopefully the 2017 full year results will achieve something significant wrt the latter as headline metrics will surely present a transformational improvement over 2016 ones.

[mattjos] 06/4/2018 21:15

Ah, ok. That explains it. Cheers. No uncross trade at the Bell then.

[terropol] 06/4/2018 21:14

There was an uncrossing time earlier in the day at 41.5p.

[mattjos] 06/4/2018 19:59

Odd closing auction result. The auction panel on ADVFN advises an Uncrossing price of 41.5p but, no traded printed today at that price & the ticker shows 40.50 as close.May have to wait for Monday morning to see if a UT of 41.5 is revealed.Not much volume suggests to me any new ISA buying will wait for Q1 figures or, it will just be Bed'n'ISA switchers only by existing holders.Good weekend all

[mattjos] 06/4/2018 16:25

that's a Bed'n'ISA trade for the full £20k allowance just gone through. Not mine as still not been actioned

[crazycoops] 06/4/2018 12:44

I definitely think perceptions will change once 2017 are published and in the system. For example, forecast PER is currently 72x which is clearly ridiculous but nonetheless, it will stop people even bothering to look any further.It will also be interesting if we have to wait until late May for results this year. Issuing results so long after year end is not good practice in my view. Most mid tier miners are publishing 2017 results in April. Minor frustrations though, AAZ remains my largest position by some distance.

[catsick] 06/4/2018 12:38

The profit number will be lower than you think given the huge depreciation charge they put through which is a non cash item and reflects the depreciation of the huge capex that went on the plant and the implied value of the mine over its initially expected life, what matters is cash generation which we can tell from the debt reduction is going gangbusters ...

[lefrene] 06/4/2018 11:30

Ah yes, but are the French in the control tower!

[terropol] 06/4/2018 11:01

Good morning all.
Started the new financial year with a little top up.

We should be getting the 1st quarter update next week. Tuesday,Wed or thursday?
Looking forward to it.

2sporrans, we may get an indication of last years profit next week...(I am guessing at $20-25m.

This aircraft in on the runway ready for take off...

[2sporrans] 06/4/2018 10:54

You've gotta figure that within 2 weeks of Q1 production update there will be progressively fewer sellers and more buyers; all else remaining much the same.
The odds are for Q1 to be close to Q4 but a higher price [~ av. $1320/oz]for gold sold.

As for all else remaining the same, the most likely/obvious exception is movements in the POG.
Trump and trade war [or not] looks to be a key driver here.
There actually seems a lot of potential for some kind of hardballed win-win outcome for USA+China.
If carrots replace sticks on the agenda, one of the obvious bigsters is a deal on US Oil + LNG exports to China. Trump could even steal something away from Putin who is investing over $60-bn in a gas pipeline to China. Thinks.... he'd like to play that one.

Whatever....while a surge in the POG would obviously be a bonus for AAZ, it's looking set for an up-rating regardless; probably after the 2017 full results.

[robo21] 06/4/2018 08:14

First 5 minutes of the trading financial year chaps

[terropol] 05/4/2018 16:26

Last 5 minutes of the trading financial year guys.

[jbravo2] 05/4/2018 11:51

Well said that man

Those happy to take their profits at c.40p seem to be declining to a trickle.
We've been here for 3 months or so now. Plenty of time to see most of them off.
50p next leg. Starts tomorrow?
You have to think that as the price climbs the gaps up in terms of pure pennies must increase as they become smaller percentages.
I hope we'll see 100p by the end of year as the sheer amount of cash we've made becomes obvious to all, but I'm not so sure about lefrene's 200p. Another couple of years?

Nicer problems to have.

[davidspringbank] 05/4/2018 11:45

I think Rezza is a star!

[jbravo2] 05/4/2018 11:45

lol
yeah, not a lot coops.
Just passing time and seeing a few positioning ready for open season tomorrow.
Then just becomes a question of how quickly ISA opening can be organised

[jbe81] 05/4/2018 11:39

jbravo is waiting with his 20k to buy tomorrow

[crazycoops] 05/4/2018 11:28

Looks like a couple of bed and ISAs/SIPPs to me jbravo, what are you seeing?

[jbravo2] 05/4/2018 10:52

On your marks...

[2sporrans] 04/4/2018 23:12

You're right to point out that a Trade War will likely boost the POG Terrapol.
Just the fear of one has clearly perked it up the past week or 3.
Look at the POG trade inversely with e.g. the s&P500 today/yesterday [the futures trade 24hrs, just like gold.]

As China is the world's largest physical buyer [+ a lot of [leveraged] derivative plays] I've just done a sort of sanity check on how trade sensitive the Chinese economy really is.

Both US and China have relatively low trade dependencies.

2017: Chinese GDP RNB82.7-tn = $12.9-tn; Exports $2.3-tn, Imports $1.8-tn. That's ALL exports/imports, not just US.

Utilised FDI only $131-bn.

According to:




The US is even less trade dependent than China.


In contrast a highly trade-geared economy: - Singapore is about 9*the trade:GDP of China. A mid-size economy - Thailand, about 4*Chinese.
Taiwan + SK will be particularly concerned about 'knock on' effects of US measures against China and vice versa.
Maybe there's a lot of gold buyers in those nations.
I imagine there's more, just in those, than the UK - a pretty marginal player these days.


This is actually a cause for concern as Trump won't be hugely concerned over trade war damage to US.
Nor to other far more trade dependent nations given the insular nature of his "America First" mindset.
Perhaps all this tariff sparing is at least partly a game to get Xi more alongside with his coming face<>face with the Beloved Leader.
Or the jawboning is all sticks but the real talk will be more carrots.
Who the phuck knows what Trump is thinking?

[jeanesy] 04/4/2018 19:35

POG seems to make a run towards 1350 and then falls back .. done it again today now down to 1330 again. Still at this price we are still making plenty.

[jbe81] 04/4/2018 17:08

If gold goes to $1400 think we will get close to 80p

[terropol] 04/4/2018 17:05

For what is worth.....




Rick Rule Sees Gold Reaching US$1,400 if Trade War Breaks Out
April 3, 2018 at 4:50 pm

Rick Rule of Sprott US Holdings says the gold price could receive a boost as escalating trade tensions drive investors to safe-haven assets.