Anglo Asian Mining Share Discussion Threads

[jeanesy] 14/8/2018 16:53

I dont know but it is the reason why the price keeps falling ! Surely they would be better off selling when the price was rising in the open market when people are buying. We have now reached a 'new' price for their selling with it being below 40p , rather than 40-42 p. With results not far off it is all rather strange and annoying !!

[mattjos] 14/8/2018 16:35

seller has dropped 99,999 in the auctions today as follows:

40.8 50,000 08:00:29
40.0 43,000 11:00:16
40.0 6,999 14:00:13

& now signalling a further 50,000 to sell at 39.5p in the closing auction.

This has been going for months & added up, is way more than 3% of the company ... What's the game?

[jailbird] 14/8/2018 16:31

I am seeing this behaviour on few stocks now....persistent seller(s) driving the price down, yet the Co's is reporting good news.

It is all very odd and really peeing me off.

[sh0wmethemoney] 14/8/2018 16:13

Another small top up here too

[jeanesy] 14/8/2018 15:37

not sure if that 40k trade is a sell/buy or delayed trade as prices i was quoted were 39.1 to sell and 39.989 to buy ?

[jeanesy] 14/8/2018 15:28

We are now at levels not seen since I did my bed and isa back in April... That damned POG !!

[jeanesy] 14/8/2018 15:25

Ive just got in to see us sub 40p as i thought might happen. Even though i am fully loaded here ive decided to have another small top up !!

[return_of_the_apeman] 14/8/2018 15:20

Small top up of 10k coming from me

[2sporrans] 14/8/2018 13:59

I can't bag any either.

Yes.
Few more with the fill&kill.

Actually worked!!

[arthurly] 14/8/2018 13:47

....with my usual immaculate timing.........

[lefrene] 14/8/2018 13:44

The price direction here just seems so disconnected with the actuality of the business, a slap in the face for the huge efforts of the directors and managers of the company. Makes no sense to me.

[lefrene] 14/8/2018 13:26

2sporrans, the Chinese are quietly working away to swing more oil trade to the Renimbi and apparently have been buying gold in order to provide confidence to back an 'oil Yuan'. I haven't read anything very recent to confirm how their plans working out, but I would guess the recent stance taken by Trump will encourage the Chinese to do all they can to do more international trade in their own currency. No doubt Turkey would also like to have an alternative 'world currency' too, but then Turkey seems to be turning into a Venezuela MK2, and being beholden to the Chinese would be much more dangerous than being beholden to the USA. China has a habit of stepping in and taking possession of infrastructure when the borrower can't pay the protection money, they particularly like ports!

[2sporrans] 14/8/2018 13:11

Trump.
Yeah, loves to Jawbone.

You'd think that with yawning twin deficits, the Fiscal one likely to be hugely exacerbated by massive [Corporate] tax cuts late in business cycle [whatever the long term merits], that the $US long term trend would be one of general weakness.

Trump's even jawed away at the Fed. ; broadcast [Tweets?] his displeasure of the 'high' interest rates.
Unlike Erdogan, he's not going to get the Fed. to change tack [is he?].
Mind you, he might just provoke some kind of caution-action amongst the investor-trader ilk.

Thing is, that American money is such a huge driver, so much foreign investment from or routed through USA/$US.
Whenever there is fear about foreign economies etc or even US out-performance anticipated, the $$$$$ wing home; self-fulfilling forecasting results with rising $ and as US trade:GDP not large, any woes following on from Imports^ and exportsV are tolerably absorbed.
Risk off = $US up.

As you've posted earlier Bumpa [+ Matt], or was it Lefrene....
Something that will change the whole game will be the advent of alternatives to $US as world reserve currency.
I'm inclined to welcome such a new epoch.
Then again, I may end up regretting what replaces the $US hegemony.

[2sporrans] 14/8/2018 12:46

Yeah, gotta keep plenty powder dry Bumpa.
If can't burn it on 30s-AAZ, there's plenty other opportunities emerging; maybe a 2nd comprehensive global equity/risk-asset correction.

2 thoughts on POG:

1. Later August -> Sept+early Oct. Best Seasonal POG performance period over 3 decade takes.
This graph 1986-2016, so recent:



to 2011 Prefer this discrete presentation but would like if weekly bars:


Older take as in 1.


2. a. Recent POG fall mid-APr to mid June down to strong $; mid-June-end July [?] Gold price fell comprehensively; not [directly anyway] a strong $ association.
August seems to be a new phase: Return of strong $ as primary driver of falling POG; non-$US basket price seems to be moving sideways, despite yesterday's debacle.




Tis the Season to be merry upon us ?

[bumpa33] 14/8/2018 11:36

more interesting observations re: gold price valuation in non $ metrics.

Holding this level very well all things considered, keeping a lot of powder dry should we dip into the 30’s though.

But if this comes about...



.... we will see fireworks in the $, gold/silver and AAZ will likely be off to the 50’s, 60’s and beyond.

[lefrene] 14/8/2018 11:18

I've just been looking at Gold Fields, (trades in $ NYSE) and it seems to me that adjusted for comparable production volumes, it is valued at a rate pretty much ten times greater than AAZ! I don't see South Africa to be any more a reliable place to mine than Azerbaijan, indeed the way South Africa seems to be going, the Azeri's are going to be more reliable.

[2sporrans] 14/8/2018 08:52

Can buy 10k+ 40.75p, dunno how much more.
toying.

[wanobi] 14/8/2018 08:33

is that 50K a buy and the rest sells? thanx

[wanobi] 14/8/2018 08:31

is that 50K a buy and the rest sells? thanx

[broken_arrow1] 14/8/2018 06:49

Interesting tweet saying RSI on gold this low only 5 times in 4 years and average 2 month rebound of 32% - provides chart
‏


@stebottaioli

14h14 hours ago

#gold GDXJ = this level of RSI only 5 times in the last 4 years ....average rebound = +32% in 2 months (average)

[wanobi] 13/8/2018 21:23

I am truly cast into the wilderness :-( once more!

[wanobi] 13/8/2018 19:08

I understand if you don't want to respond and will never divulge who you are, that's your decision; however, I would great appreciate your advice and some company on my lonely thread :-)

[wanobi] 13/8/2018 18:47

FFX ---> fairfx ? thanks,,,, I'll stop this now... cheers

[mattjos] 13/8/2018 18:47

Reminds me when we had a constant seller in WCC in 2011 .. for best part of a year, the seller kept dribbling stock out and on a shallow downward trajectory the price kept falling from £5 to £3.75.Seemed totally nonsensical & was incredibly frustrating for all but as they were in process of leaving AIM and moving to Hong Kong listing. As we later found out, the seller was a small, specialist fund manager whose holding had grown to beyond the permitted valuation quantum as stipulated by the rules of the fund. He did not want to sell but, was overruled and forced to. Then one more boring day, the price dropped once again with more selling ... some reciprocal buying .. and that was it. He'd finished selling, the overhang was gone and price went on to quadruple, once again. Not saying is same circumstances here but, you can't second guess a seller's motives