Anglo Asian Mining Share Discussion Threads

[mattjos] 04/7/2018 12:31

Singr certainly seem to be representing the overseas seller at present.
Wonder if they will remain on the order book when they are done or if they will bug out.

[2sporrans] 04/7/2018 12:17

41.5 Some more in my pouch.

Wonder if there will be a delayed registration of a relatively big sell in due course; not obvious any of the listed trades this morning were sells.
The quoted price for the first trade shown [50k at 10:17, LSE, trade price 41.5] was 41 bid 42 offer; yesterday closed quoting 41<>44. So that looks a buy.

[lefrene] 04/7/2018 11:51

So who is feeding the market? Why would you sell a solid well funded high earner like this? Unless of course you were dumping the family silver to raise cash? Now I wonder who that might be?

[thechurch333] 04/7/2018 11:39

I also added at 41.5p today. Am happy to be patient

[peterpowell21] 04/7/2018 11:19

I keep looking for reasons why i should not be buying more off these but i can't.
SO more for me at this price.

[basem1] 04/7/2018 11:08

41.5 to buy. 24375 are mine.

[gymratt] 04/7/2018 10:57

Started building a position here. It's the Cu I'm more interested in as we move towards a deficit.

Buying at mid price BTW.

[jimbowen30] 03/7/2018 15:08

Added another 15,000 earlier as it's still way too cheap!

[lefrene] 03/7/2018 09:09

I often wonder why struggling mines in interesting parts of Africa enjoy much higher ratings than AAZ?

[celeritas] 03/7/2018 00:27

🖒😃

[jbravo2] 02/7/2018 23:04

3-6 months?
How does now sound?

[terropol] 02/7/2018 22:44

YASX, was looking forward to meeting you at the AGM...
Sorry you never made it.

[terropol] 02/7/2018 22:40

Yes gutterhead, and we will be printing GOLD not paper.
If you take account of moneys the company has in hand our debt is minuscule.
And cashflow will be coming in at (approx) 2.5m $ x week. week in week out.
That is approx $1m x week profit.

Can somebody remind me of our market cap.....LOL

[gutterhead] 02/7/2018 21:36

thats an incredible stat, terrifying
when the economy goes bandy, cash is always king
we are going to be debt free soon, 3-6 months

[lefrene] 02/7/2018 17:59

Scary numbers, one wonders what could possibly go wrong! Small wonder the CBI are scared of Brexit.

[goodgrief] 02/7/2018 17:45

Re. Anglo Asian's forthcoming dividend announcement, this article from Citywire shows the lunacy of the UK stock market in contrast to Reza's careful stewardship of AAZ.Dividend demand pushes UK plc into £391bn debt The UK's biggest stock market companies have racked up debts to a new high in order to grow dividends and respond to investors' insatiable appetite for income.Analysis of published company financial data by Link Asset Services shows that corporate debt has rocketed 69% to £390.7 billion since 2011/12. The bulk – £122.6 billion – of that debt has piled on in the past three years as companies have shelled out £263 billion in dividends to shareholders despite a squeeze on profits depressing dividend cover to new lows

[crazycoops] 02/7/2018 13:42

Stockopedia (and I imagine other data vendors) has not yet picked up the indicative numbers from SPAs flash note, meaning the current forecasts are just plain wrong. I assume this will not be corrected until we get a full note (hopefully shortly after this week's site visit rather than waiting for a resource upgrade). #patienceMy thanks also to those reporting back from the AGM, most helpful.

[terropol] 02/7/2018 13:12

puntogt. we got a copy of that at the AGM. See how many readers buy on that article...

[puntogt] 02/7/2018 12:35

There is a write up on aaz in the latest
www.sharesmagazine.co.uk

All positive mentioning increasing production, decreasing debt and maiden divedend.

[mikeelkin] 02/7/2018 12:22

Thanks for the clarification catsick - so that is how it works. Understand it now!

Mike

[lefrene] 02/7/2018 10:45

Those multiple £10,000 sales the other day look to me like an accountant type raising money rather than trading shares. I suspect that PWC are still harvesting their fees.

[terropol] 02/7/2018 10:20

With the 2nd crusher up and running in parallel, production will zoom up.
Q2 report will be reported very soon. Likely to get good figures.
We have 8m $ earning 3% interest, that reduces out cost to 4% on the equivalent part of the loan.
Incredible how this valuation held so low.
Analyst visiting the Mine this week, He will be impressed and will have plenty to wright about.

[cflather2000] 02/7/2018 09:54

The AISC is so low that I'm happy for the gold price to fluctuate. It would need to drop significantly before I was concerned. But yes, if it goes higher then happy days!

[catsick] 02/7/2018 02:55

Hi mike, I was there when Stephen was discussing the Heli survey they are doing the whole Gedabek contract area, which he was saying they may as well do everything while they have the kit out there rather than the specific areas they are interested in as doing everything costs only a small amount more. What he meant about the silver/copper I believe is that with gold at only 1g-3g per ton you wont get an idea from a Heli survey but by targeting copper which would be more like 10,000 g per ton you are going to get some sort of signal, and then where you find the copper the gold will also most likely be present. He was not implying they had given up on gold just that looking for copper from the airborne survey would be the easiest way to find it.

[friendzarin] 01/7/2018 23:43

Nice post Mike. Good to see you there. Couldn’t agree with you more about Steven. Very lucky to have him.
An impressive geologist I think but just as importantly very impressive managerial outlook. He is building a team alongside him who will be capable of analysing all the results of the 40 km drilling which will be so important to how AAZ prioritises it’s future activities.
Sorry btw I don’t think I was around when SW covered that but I’m sure one or two could oblige.