Anglo Asian Mining Share Discussion Threads

[goodgrief] 06/7/2018 16:15

Surely there must have been a Beaufort nominee a/c declaration? I have seen similar for Barclays Stockbrokers.How popular were Beauforts with retail investors and AAZ investors in particular? After all, no one here on the most busiest AAZ BB has admitted to using them!

[lefrene] 06/7/2018 15:53

peterpowell21, If there were a single holder over 3% we would all know, and would see a notice when they went below 3%. But if this is still PWC taking their salaries from selling down individual holdings formerly with Beaufort's, then we have no way of knowing nor do the managers at AAZ. All one knows for sure is that eventually the seller is exhausted. In the meantime it provides other persons who perceive a bargain, an opportunity to acquire cheap stock. Roll on the Q2 update and the divi decision.

An up and running full belt production with 100% capital equipment owned outright and a 100% margin, plus the prospects of more raw materials being found close to hand. Quite plainly just too good to be true!! :¬) Perhaps the divi will get it noticed?

[peterpowell21] 06/7/2018 15:09

lefrene

You are right we will not know when they are finished, but i would think the management know who it is and how many shares they had.
The mm's seem happy to take there sells every day. so maybe we have a buyer in the back ground willing to take them of there hands at this price.

[lefrene] 06/7/2018 14:13

Except of course you have no way of knowing when a seller has finished. You would think that a rational owner of shares would wait for the impending good news before selling? Thus it's my belief that the seller is not an interested owner of the shares, but an apparatchik wanting to raise cash regardless.

[peterpowell21] 06/7/2018 14:04

I am hoping that they do not put out the Q2 update until the seller has finish.
I don't mind waiting a few extra weeks so they can't sell into the news.
This will head north fast when the seller is finally finished and that update is as we expect.

[terropol] 06/7/2018 14:01

The aircraft scan will give us a good indication of were to drill next. For now we have about 10 years minelife with all equipment paid for. Our processing plants are at the forfront of technology, we are not a small mine running on rusty set up. I have seen it all with my own eyes.
Plenty more cards to be dealt out of out pack.
Have a good week end all.

[terropol] 06/7/2018 13:44

Relax guys. Matt is only trying to keep the BB tidy.
When Rolls R. Sharers were 50p had lunch with the Chairman of the time. I says to him, the city is not keen on RR shares because is always Jam tomorrow. Hi said to me, Jam tomorrow will be.
Now the shares are around the 10Pounds mark.
AAZ will deliver the Jam, and our tomorrow is not far away.
Have a good week end.
(By the way, our management manages company's money and shares with caution and know how).

[doctoromeo] 06/7/2018 13:23

stunned
please say you have shorted this diane
and if so provide proof

[dianecarberry] 06/7/2018 13:17

This is a classic short.

Simply way overvalued.

Sell

Worth 10p max.

[cflather2000] 06/7/2018 13:11

Whilst I agree that this is undervalued, and I'm keenly awaiting for the market to realise, there are still risks.General mining risks with ore grades, potential injuries or strikes.There's the risk on international conflict, although, yes, seems unlikely at then moment. Then again, with Russia to the north, an increasingly worrying turkey to the west, and a pretty unsettling bunch towards the south, this isn't the most stable area of the world.Life of mine though, as has been mentioned before, seems the greatest issue.If the mine just ran until it was used up, we'd still be in the money at current prices, costs and market cap. There will be, however, and rightly so, an attempt to increase the life of mine. And this involves costs that might not be worthwhile. Overall though, this is relatively low risk in my own view when compared to other miners, which are often based in the DRC or other less business-friendly countries.Personally, I'm hoping for a move to 100m market cap over the next 2 years, with maybe a penny or two in dividends in the meantime. Once the market cap gets to that level we might see more broad investor interest and a wholesale rerate.The key will be the exploration over the next three years, and whether that will increase the resource base. All my own amateur opinion

[joey wilson] 06/7/2018 12:57

I hope you are right.

[mattjos] 06/7/2018 12:49

keep tight hold Joey ... the market does not let these sort of anomalies persist for ever. The tide has been turning for the last 3 years and will continue to do so.
At some point in the next 12 months I expect to see this break past 80p (& the original IPO price) and that will bring in a wave of buyers as it does so.
New All Time Highs will get printed on this chart

Just like you feel now, there will be others losing patience and selling for buttons but their impatience will be our reward

[lefrene] 06/7/2018 12:47

I can't see any company specific reason to be selling this, any seller must want cash for other reasons. It could still be PWC chasing after their usurious fee's for winding up Beaufort's? Eventually whoever it is will clear, there will be a Q2 report, and then details about an impending divi. This has to be the cheapest miner in the market, I'd rather be in this than something reassuringly expensive. About the only downside is the possibility for hostilities with Azeri neighbours, but I'm not aware of anything currently about to break out.

[mattjos] 06/7/2018 12:44

goodbye dianecarberry

[joey wilson] 06/7/2018 12:40

£1.00 was always the target price and out. However a good regular dividend could be a game changer. I personally didnt believe a dividend would ever happen. A good resource update which has so far not materialised will also be something to consider when deciding whether to HOLD .AAZ has always been good to me but one gets so frustrated with the price moving up then losing every penny over the following months.Patience is an attribute I have never possessed.

[rileyma] 06/7/2018 12:38

Huhh?what placing

[mad foetus] 06/7/2018 12:36

I think she is on crack.

[robo21] 06/7/2018 12:36

Are you guys on the wrong board ?

[catsick] 06/7/2018 12:34

Are you talking about a totally different stock ??

[jailbird] 06/7/2018 12:33

DianeCarberry,

This Co is not like MTL at all, so move on.

[basem1] 06/7/2018 12:32

I'd stick to horse racing with a name like Carberry.

[joey wilson] 06/7/2018 12:29

I dont agree with above but the share price here has been frustrating long term. Still is. 2018 -19 is the last chance saloon for me.