Anglo Asian Mining Share Discussion Threads

[goodgrief] 11/8/2018 20:38

And start reading the weekly stock market mags...

[goodgrief] 11/8/2018 20:37

Best place might be to start a 'share investment for beginners' thread ....ppplleeeaaasse!

[bumpa33] 11/8/2018 20:28

one piece of advice I’d give, the only thing in fact, is study topics on market manipulation, famous fraud cases, rogue directors, bear markets, financial collapses (2007-09 a good start) etc and study up on human psychology and how it pertains to trading/investing. Learn the dark side first, and you might just stand a chance with the rest.

Then come back in a few months/years.

[bumpa33] 11/8/2018 20:22

you ask too many questions wanobi :)

[bumpa33] 11/8/2018 19:58

latest COT (commitment of traders) report makes interesting reading, looks like ‘speculators’ are capitulating whilst ‘commercials’ are heading back to neutral. As the article opines, usually a bullish sign.

[bumpa33] 11/8/2018 19:42

lefrene - I can’t see that Trump would wish to allow the $ to carry on it’s ascent unrestrained, particularly when the Chinese seem hell bent on devaluing the yuan. But as said, I’m no expert - I tend to keep an eye on $ against a basket of currencies, in particular the yen.

[wanobi] 11/8/2018 19:15

thanx jb, you may well be right, perhaps this is not for me,,, apols for boring you, hopefully though,, not really a ridiculous story, we all have to start somewhere and learn throughout our journeys. again, apols if I've upset you. Mattjos, thanx, yes, I agree, from what I've seen so far you've done an excellent job in keeping a sane thread... I hope I can tune in and filter, as you say and I greatly appreciate you not banning me for asking perhaps too simplistic questions on your thread.... think I'll sit and watch things for a while now as clearly I've irritated some of the experienced investors here,,,, which was never my intention... cheers all.

[jbravo2] 11/8/2018 18:59

Yes I think it's best you clear off for your safety wanobi.
Besides which, anyone with any sense got bored of your "journey of enlightenment" in your first few posts. What a ridiculous story it's all been.

[lefrene] 11/8/2018 13:25

Bumpa33, Mr Trump has said he will sell the Dollar to bring down the value as part of his strategy towards a more level playing field with countries that export to the USA. So just that announcement alone would likely deter dollar bulls?

[bumpa33] 11/8/2018 12:22

No expert on this, but USD looks to me to be running out of steam.

[mattjos] 10/8/2018 21:32

A run towards 46.5p in the coming week, now looks like a reasonable supposition:

[mattjos] 10/8/2018 16:16

Trump's message pretty clear today .. woe betide nations trying to get the better of him. Just doubled tariffs on Turkish Steel & Aluminium & the Turkish Lira now falling further.
As much as Turkey, this looks like loud & clear message to China & probably also N.Korea.

Goldman's have determined USDTRY: 7.1 will wipe out Turkish banks capital buffers ... currently USDTRY: 6.25

IMF going to be busy this year!

You'd expect Gold to catch a strong bid amongst all this posturing ... Spain's BBVA and Italian Unicredit banks deemed at associated risk

[terropol] 10/8/2018 14:48

Gold singing a different tune this afternoon....

[broken_arrow1] 10/8/2018 14:39

It is unfortunate that to coincide with those excellent production results the gold price has been weak ever since.

I would expect the company will release news ahead of those presentations in early September, probably now is as good a time as any to top up or buy in the lows IMO.

As mentioned the prospective yield could be 4.7% based on a 2p payment although there is headroom for a higher payment.

SP Angel has a target price of 77p but this would be revised significantly if reserves/mine life can be increased.

[mattjos] 10/8/2018 13:31

2p divi / 41.9p buying price just now = prospective 4.77% Yield on investment as a reward for patience.

Agreed that 30 years ago it would not have been seen as very attractive but, in todays low-interest rate environment. That is pretty damn good & a helluva lot more appealing than holding on to shares in some other wishful, non-productive AIM-listed driller with thruppence in the bank & two leased drills.

Surely folk can see how well management have played this recent period? Borrowing, for profitable expansion, when debt was cheap and paying it back before it has started to get more expensive.

[bobhope18] 10/8/2018 13:22

Hear hear Matt, Reza is also danglingA big carrot for the exploration teams to come up with the relevant data on time and budget.

[mattjos] 10/8/2018 13:12

with regards buying back of their own stock ... no thank you!! There are & will be much more important & profitable things we can do with the cash going forward than pander to some short-term shareholder frustrations.

Pretty much since IPO Reza has again & again and again demonstrated how he believes the equity is undervalued & too precious to dilute or to sell down. I believe we should all be minded of his actions in this regard & simply row along with him and remain patient.

We've been very, very active on the exploration front now since bringing Ugur on-stream. The dataset this will have created on their CAD models will now be very significant & still growing.

Let's please all try and bear in mind the raison d'être for the company listing in the first place ... to use the prior Russian & Azeri exploration data as a guide for establishing a gold, copper & silver mining operation and then to prove up the significant resources to modern day JORC standards, thereby giving a trusted and globally accepted valuation on the assets.

We are (comparatively) on the verge of doing just this .. the prize is within reach & as an added incentive, we are going to be receiving a dividend while we wait. This is surely more than enough to overcome any frustrations borne of short-term market gyrations, mainly driven by boredom & small-time profit taking.

[lefrene] 10/8/2018 12:55

Quite so 2sporrans, chalk and cheese to compare with Turkey, but then Venezuela has lots of oil too :¬) ? The Azeri's have been in the oil game for over a century and seem to have been reliable to do business with. A reputation that proves its worth when other parts of the world start to unravel.

There is a potential for things to get ugly since Turkey has a very large number of refugees in camps just inside it's borders earning them payments from a timorous EU.