Anglo Asian Mining Share Discussion Threads

[mattjos] 17/5/2018 15:52

I recall the MM's (lead by Cantor as usual) doing exactly same last summer ... checking chart it was 26th - 28th July last year. Dropped it over 2.5 days on negligible volume before it quickly retraced the drop in two sessions.

A month later it was 70% higher

[mad foetus] 17/5/2018 15:37

And...a stand off again! Lols

[mattjos] 17/5/2018 15:33

Yup, a totally artificial drop to try and squeeze out some leverage and/or scare some holders out of stock. They got a few but not that many before driven way back up. Don't see that tactic working again in a hurry. Usually done just before a rise to try and pocket some stock.

They'll need to let it rise to much, much higher levels with new investors before trying that again & some considerable time in the future in the hope folk have forgotten this little stunt, imo.

[jailbird] 17/5/2018 15:27

Wow ..Just seen this rise after yesterday.. seems it was a shake out

[robo21] 17/5/2018 15:25

Brakes off ?

[papy02] 17/5/2018 15:24

Can spreadbet with IG no problem (when I added earlier this pm)

[mattjos] 17/5/2018 15:22

am still completely locked out of buying any online

[mattjos] 17/5/2018 15:20

1m+ on AAZ is a good day on volume and moves it up very fast ... a 5m volume day and it would likely be a near 100% rise

[mad foetus] 17/5/2018 15:16

Sod all volume, imagine if we had a 5m day!

[mattjos] 17/5/2018 15:15

well done modform .. I have been persistently locked out of buying online pretty much all day. very irritating

[modform] 17/5/2018 15:08

Added 20k shares at 44p, fill or kill

[mattjos] 17/5/2018 15:03

still cant buy any :-) .. pretty ridiculous. MM's must soon realise that swift drop is not liberating the stock they want as is met with wall of buying

[lefrene] 17/5/2018 14:25

Surely not those squeaky clean MM's on AiM!

[mad foetus] 17/5/2018 14:20

It's not being given away because the MMs won't sell it! If results are good you can buy more shares for £1

[lefrene] 17/5/2018 14:19

A gross profit likely to be equal to the current market cap, almost no debt and lots of assets in the form of equipment and prospect leases. It's being given away!

[lefrene] 17/5/2018 13:13

Welcome to AiM the honest market place! :¬) Is somebody out there accumulating? Perhaps a phone call to PWC might garner some more?

[mattjos] 17/5/2018 12:41

what a surprise! ... Max 100 shares offered online. Negotiated trade for anything else.
This has just been engineered to scare a few out & collect what they can

[joey wilson] 17/5/2018 12:19

I doubt FY 17 will do it but if all goes to plan 1/2 yr FY18 will do Sept time.

[catsick] 17/5/2018 12:02

Should also be zero net debt in about 7 or 8 weeks time round about when the q2 results are out they should be able to say net debt at 30th june 2 or 3 mio usd and now zero ...then no reason at all to be on such a lowly valuation.....

[mattjos] 17/5/2018 11:57

market clearly is not going to believe it, until it has it printed in the FY17 RNS next week.

As long term investors and familiar with the company & its financial metrics we probably know more a bit more than the broader market does at this stage so, just seems a case of waiting it out and seeing the RNS next week & the following newsflow as progress continues this year.

At some point, the penny will drop but, until then, patience is required as ever.

[lefrene] 17/5/2018 11:44

AAZ is indeed an oddity, the market cap now is just about the same as their likely gross profit this year, and with debt fast disappearing. Surely some other miner is going to buy them out? It's now a cash cow, and very likely to turn up substantial reserves from those old Soviet surveys. Excellent managers, but apparently very poor salesmen when it comes to promoting the value of the business.

Perhaps a novelty such as paying a divi in gold coins held in a Swiss Bank might get them noticed :¬ )

[celeritas] 17/5/2018 10:09

Had some Mr Roper, dodgy part of the world so always made me edgy, in hindsight I should have kept hold.