Anglo Asian Mining Share Discussion Threads

[misterdeb] 15/10/2018 11:00

Interesting analysis on AAZ

hxxps://simplywall.st/stocks/gb/materials/aim-aaz/anglo-asian-mining-shares/news/should-anglo-asian-mining-plc-lonaaz-be-part-of-your-portfolio/

[mad foetus] 15/10/2018 10:54

It has been tricky to buy all day. I think the free float here is pretty small: only 114m shares in issue, so every 114,000 shares is 0.1% of the company. That is, in fact, the biggest factor holding the share price back: that if any institution wanted to buy a £5m stake it is virtually impossible for them to do so.

[celeritas] 15/10/2018 10:51

Stock very tight again, some must have seen the note early.

[someuwin] 15/10/2018 10:49

can get a buy quote for £5k. But not £6k.

[celeritas] 15/10/2018 10:41

Balance Sheet ($m) FY16 FY17 FY18e FY19e FY20e
Cash---------------1.4--2.5--21.3--34.5--51.7
Net debt/(cash)- --34.6 18.1-10.5 -30.9 -51.7

[mad foetus] 15/10/2018 10:38

Just bought another 11,958 @73p. I am now utterly stuffed with these.

[mattjos] 15/10/2018 10:35

New share price Angel flash note just out

[mattjos] 15/10/2018 10:32

$1250 next stop

[2sporrans] 15/10/2018 10:02

$1230/oz POG.

Interesting.....in a nice way.

Note that this break upwards in the price isn't much to do with $ weakness; it's pretty much pure buying moving the POG today.
As of late.
Indeed, the strong $ factor dragging down the POG petered out back in mid-August; from then until October the $ effect was pretty much neutral.

OK, so we're still just within the historic seasonal period for peak gold demand of Sept->mid-Oct....but the technical look [to me] is decidely +ve here; for next few months anyway.
Over a month of sideways move followed by a breakout-up pattern is usually bullish no?

[jbravo2] 15/10/2018 09:22

Morning Matt,
Yes the buyer might need to exhibit some patience and catch the few being dribbled out by the bored until someone else gets impatient to cash in a substantial gain.
All those who have done that so far have been wrong and have joined THE list. Although I notice a couple of sellers or partial sellers have now realised their mistake and are trying to rejoin the party to limit their missed opportunity.
Problem is, as has been talked about often, there's soon fresh cash landing in the hands of some very committed holders who will be buying "free shares". Quite some competition for the buyer

[catsick] 15/10/2018 09:18

The volumes traded today are a bit pathetic, I guess the days when you could get an online quote in 100k shares is long gone never to return....

[wanobi] 15/10/2018 09:13

STAR - a buyer has appeared today :-) cheers Wan

[wanobi] 15/10/2018 09:12

thanx Bumpa, I'll study that this evening for sure, cheers Wan

[ilostthelot] 15/10/2018 09:10

I am no expert but the chart looks like a bull flag to me!?

[mattjos] 15/10/2018 09:01

No sign of the seller at all .. just a buyer after 59k in the auction

[mattjos] 15/10/2018 08:47

Itching to read the Gadir JORC now ... believe it's going to be a game-changer here

[cinoib] 15/10/2018 08:40

I think Brasso just sold his entire holding of 5 shares.

[bumpa33] 15/10/2018 08:39

have a read of this wanobi. He's a guy i've a lot of time for. If he's right (on the downside scenario), we could be looking at a v severe market correction or worse. As he points out there's been a lot of technical damage to the charts so bulls have a lot to do to regain the momentum.

I'm warming to Powell as i think he's different from Greenspan, Bernanke and Yellen etc in that, so far, he is not beholden to markets, or indeed Trump. If markets don't think the "Fed has their back" then i think we may well be looking at (a lot) more downside.

Read a lot of panic from punters over the last week. They ain't seen nothing yet if we really go for it.

Should be good for gold of course, quality will always out in the end.


I should add, we've not confirmed anything yet, and likely to have a bounce here from oversold positioning, but critical to watch the markets next few weeks...

[someuwin] 15/10/2018 08:33

Good start to the week.

[wanobi] 15/10/2018 08:31

and for me personally, I must learn about auctions, why do they happen, what are the rules etc etc...? if anyone has a link to AIM auctions info it will be most appreciated, thanks. Cheers Wan

[wanobi] 15/10/2018 08:25

AAZ question for this week,,,, has the seller finally gone?

cheers
Wan

[2sporrans] 15/10/2018 08:23

Nice move up on the POG.

A break-out of sorts.

If $1,190/oz proves a floor, yet another +ve for AAZ.

[wrighty46] 15/10/2018 08:19

I will be re investing for the next year at least.

[mad foetus] 15/10/2018 08:15

Possibly goes without saying that you cannot buy any online at the moment. Will they raise the bid to encourage sellers?