Anglo Asian Mining Share Discussion Threads

[2sporrans] 08/6/2018 08:31

Only gave the annual report a superficial read yesterday but will peruse more thoroughly next day or 3.

Think it's well put together and promotes AAZ pretty effectively.
Ditto the updated AAZ website.

Hopefully will imbue new investors with a greater awareness of what is being achieved more quickly, along with enhanced confidence in the quality of the management.

For me, it's clearer to see the beyond the unremarkable headline profit figures and appreciate the true growth and value from reading the 2017 report. I mean from a reading point of view. A new/prospective investor no longer has to read through a fair number of previous reports [quarterly, ad hoc, etc] to gain the same level of understanding that reading just the 2017 report provides. Plus subsequently topping up knowledge from the very latest RNSs is that much quicker/easier

Like Matt [posted yesterday], hadn't appreciated there's additional thickener plant along with the new crusher.
Hope the commissioning is going well and soon completed.

There's going to be a lot more posted here about copper over the months to come.

[mattjos] 07/6/2018 19:18

Great article this & I don't think it is exaggerating the problems in any way.https://goldswitzerland.com/italy-hyperinflation-and-gold/

[jbravo2] 07/6/2018 16:19

Jeez. I'm not sure what you lot are on.
I really don't think its Beaufort. I suspect its just people cashing in their gains. It's not really making any difference.
The rate of share price appreciation has been by and large the same since a year ago. Look at the graph above in the thread that matt has kindly put in.
Sure it spikes up and down but the trend is our friend.
UP, UP and UP.

[lefrene] 07/6/2018 15:40

I take that view too Terropol, AAZ is perhaps one of the few AiM holdings for which they can find a ready market of scale. PWC 'will' have their fee's. Too much to ask if AAZ's broker could enquire as to when they will be finished?

[gutterhead] 07/6/2018 15:15

Terropol, hope to see you there at AGM

[terropol] 07/6/2018 15:06

Is got to be the Beaufort holdings being processed, I can not see that there are so many sellers out there....
Wonder how many millions they had on their books???

[basem1] 07/6/2018 14:11

45.5p to buy again folks

[2sporrans] 07/6/2018 10:22

Buying continues to be at below mid price; 45.5p yesterday pm, 45.88p this morn.
Trading screen I'm looking at shows them as sells, despite the quoted price range rising meanwhile to 45<>47p. [The 1 wee sale was at ~45p]
Brokerage AI has ways to go yet.

[2sporrans] 07/6/2018 10:11

"less than a year ago two directors sold 886K shares at 17 pence."

Well remembered md.

The daft side of the sale was that the 886k were dumped, in one job lot, ensuing a substantial fall in the price given that's maybe 3 days av. trading volume.
Brokers just following rigid rules I guess.

The date of the options exercise sale was set and openly declared months before; so one logical aspect of this was for enthusiastic investors to store a stash of klebbies in readiness for discounted buys, come the day.

[terropol] 07/6/2018 09:56

AGM confirmed to be held on the 29th of June at the Washington Mayfair Hotel, 5 Curzon st. London W1J 5he 10.30am

See you all there for tea and biscuits....

[mattjos] 07/6/2018 09:41

hadn't not fully appreciated the new crusher would of course require new thickener plant also but, logical when you think about it. (Photos in the Annual report)

[misterdeb] 07/6/2018 09:37

There will always be sellers! I know they were share options but less than a year ago two directors sold 886K shares at 17 pence.

Wheres the logic in that?

[malcolmmm] 07/6/2018 08:48

Perhaps its because the markets are becoming more confident and gold isn't rising as a consequence but saying that these are far to cheap anyway.

[fuji99] 07/6/2018 07:52

Jeanesy: To be simple: People buy, sell and hold stocks. This is valid for any stock on the planet, from Amazon to IBM to AAZ or Rio Tinto.

[jeanesy] 07/6/2018 07:20

Not moaning just curious as to why there have been so many sells recently. I didn't think that we would be back in the 40's again after all the recent news. There are so many many of us that have sizeable holdings as we bought so cheap that it is inevitable that there will be some large sells at some stage. Perhaps someone has decided that it is time to offload some of their large stake already?

[mad foetus] 07/6/2018 06:33

You never know why people sell. The shares could have belonged to someone who died, and the executor is selling them. It could be someone buying a house who needs the cash for a deposit. It is not a huge amount (110k ish) and the share price has absorbed it. Onwards and upwards.

[crazycoops] 07/6/2018 00:20

"The beauty of illiquid microcaps is tens of thousands of dollars in volume can move millions of dollars of market cap. A great business with a great share structure is a beautiful thing when it gets discovered." - Ian Cassell

[wimbled] 06/6/2018 21:33

There is no reason to liquid at 44.25p other than for the administrators of Beaufort securities.

[celeritas] 06/6/2018 21:26

Jeanessy, you started moaning again,

[mattjos] 06/6/2018 21:23

So let's zoom in a bit over last 6 months. The 45.5p line was very clearly RESISTANCE and the volume reinforced that.
We have now broken that RESISTANCE line with a noticeable increase in volume.

What was a 6 month line of RESISTANCE, should now prove to be SUPPORT ... we are seeing that being tested now & certainly so today with the first real volume test of that SUPPORT line.

[mattjos] 06/6/2018 21:02

jeanesy .. you still seem so concerned every day that is not a blue one.
In Summer 2016 you were here complaining we were not holding 20p, insisting that there was no way Trump would ever win the election and that gold could not hold $1,270.
Now the share price is up over 100% since then, Gold is $1,300'ish and Trump did win the election.

Whilst each trading day may be an interesting microcosm of the long term picture, it is usually best (if in doubt) to review the long term trend.

since this finally broke the Bashirov selling pressure in Feb 2016, there have been 27 monthly candlesticks on the chart .. so far 8 of those months have been down months, 2 have been 'flat' months & 17 months have been up months. That is pretty damn good!

For many technicians, the breakout was only actually confirmed at the start of 2018 when the price closed the month over 32p & confirmed an upward escape from the 13 year red downtrend I show on the chart so, from that perspective, the trend is still a relatively young one:

[jeanesy] 06/6/2018 20:19

That is a very sizeable sale and another daily drop, despite what the chart says. Looks like we haven't reached the bottom yet. I wonder who is selling and why?

[bmcb5] 06/6/2018 18:44

A lot of money has been moving into uranium this week. It might explain the large sale. I’m still happy here, though still learning detail about the company. Thanks for all the shared views

[jbravo2] 06/6/2018 18:44

Depends what you're hammering them into surely?

[celeritas] 06/6/2018 18:41

Nah, gold nails would simply bend.

I'm very interested as to what is at Gadir on route to beneath the main pit, continuous zones of mineralisation on route with a distance of circa 1km to dig out is a major bonus with it being on the doorstep of the plant.