Anglo Asian Mining Share Discussion Threads

[lefrene] 16/10/2018 22:37

I can't find anything that gets anywhere near to what is on offer here, although I hold a chunk of Solg simply because it's resources are huge and thus the 'potential' is huge. With AAZ you're already in the money, a debt free, divi paying, low cost producer, highly profitable, completely up together working mine, with proven excellent management, plus the genuine prospects of finding a lot more metal in the leases. It seems too good to be true at only £84 million, I can't believe that any holder would sell below 160p.

If someone does unearth another gem like this, PLEASE share!

[mattjos] 16/10/2018 22:26

from T/A perspective could make 35p in next 12 months or so.

However, nearly 1 Bn shares in issue + options an warrants all waiting in the wings to be issued and add more dilution.
Revenue = Zero
$4m in the bank but burning $8-9m per year ... not yet completed BFS so, funding for mine development still not sorted.
Big resource but years away from production .. too many opportunities for slip t'wixt cup & lip so, not for me but, good luck to all who sail in her & look like you could trade the BFR RNS for a turn, if it's a good one & bank some free shares for ultra-long term investment.

[wanobi] 16/10/2018 22:23

HG from mattjos thread, my amateurish chart take on status quo for ARS


free stock charts from uk.advfn.com


breakout right now?

Cheers
Wan

[highly geared] 16/10/2018 22:14

Asiamet Resources is similar but will take a minimum 5 years to realise anything like full value. Same here , the geology and license area has only been scratched. AAZ is ahead of ARS but both should do remarkably well for the patient.
Assets
Management
Timing

[bumpa33] 16/10/2018 21:55

There are warning signs Mattjos - US Housing market showing clear signs of stress, auto loans, consumer credit too. Some segments of the art market and classic car market have been cooling. It depends on the Fed and if they continue on their current path really. It may not be right NOW, but i don't think we're too far away...

[mad foetus] 16/10/2018 21:53

I think FTC is a possible multi-bagger with almost limitless possibilities. But it could equally be a damp squib, website is pretty shoddy, but it appears to be a minnow tech company in the middle of a massive boom. I wouldn't swap any AAZ for it though.

[mattjos] 16/10/2018 21:49

USA economy is still very, very strong. We have factory there and going bonkers still.
There will be a time when it falls over but, not yet, imo

[jbravo2] 16/10/2018 21:48

I haven't found one either.
No need to worry as we're still a few years from the destination as matt says.

I know lots of people crave the excitement of "trading" but believe me, it doesn't compare to the excitement of looking at your share account balance when you've invested in something like this.

[bumpa33] 16/10/2018 21:47

most regular brokers won't let you. Anything i can't get a borrow on through IG i do with one broker i've been with 20 years, but on extended settlement terms only, max 30 days - effectively naked shorting, so not without obvious risk.

[mattjos] 16/10/2018 21:46

I always liken investing to prize vegetable growing. Trim out the weaklings and concentrate on those with the potential. Nurture the big ones and watch them grow.

how do you think these guys achieved this:



They nurtured and cared for this plant & look how it rewarded them. They would have started out with many seedlings at the start of the season and over time they shed the runts and focussed on fewer and fewer until they had this monster.

Same philosophy when investing in small companies, imo

[wanobi] 16/10/2018 21:42

thanx Bumpa, will take a look at IG and also check with HL about the SIPP,,,,, so far though I've seen no option to sell something I don't yet own!! any others with HL know the answer, thanx all, cheers Wan

[brasso3] 16/10/2018 21:35

Matt

Where is the next AAZ... so to speak? :)

[bumpa33] 16/10/2018 21:31

in a SIPP? No idea...

[bumpa33] 16/10/2018 21:30

short through IG CFD's and Put Options...

[mattjos] 16/10/2018 21:29

couple of years time, when we are sat here at circa £3/share and waiting on the Ordubad JORC .. that is when some nails are going to get chewed.
I'll reveal my final price destination here in about 18 months time but, for now, it will simply get poo-poo'd .. just as my 25x price target was when we were at 5p.
Just patience, that's all is required.

[wanobi] 16/10/2018 21:29

really, Bumpa, thanx, how do you short?

who with?

can you do that it a SIPP?

Cheers
Wan

[bumpa33] 16/10/2018 21:27

well, we were heavily oversold so no great surprise, but i doubt most old heads are getting too excited. failure to make new highs, i will likely increase on some favourite short positions...

[wanobi] 16/10/2018 21:21

yep, still in trend on a shorter term basis, cheers Wan


free stock charts from uk.advfn.com

[bumpa33] 16/10/2018 21:17

decent bounce in the US today wanobi, making up for some of last weeks slap down. NFLX beat after the close should help sentiment too tomorrow. Not out of the woods yet though by a long way.

Trump's war of words with the Fed is going to be a thing of beauty over the coming months :)

[wanobi] 16/10/2018 20:17

appreciate your response and hope to learn with/from you along the way,,, with not too many questions on my part,,,, :-) cheers Wan

[mattjos] 16/10/2018 20:08

that's ok .. its early days of what I hope will be a very long journey ... no hurry just now

[wanobi] 16/10/2018 20:07

hands up mattjos, I followed you to STAR, did a bit of reading and came to the conclusion that they have turned a corner and future is looking bright... so, like you bought a small starter position and will look to see how things go.. Thanx, cheers Wan

[mattjos] 16/10/2018 20:04

It is also this ... both are bullish:

Early days and still only a satellite holding .. could become a planet size in next 3-4 years .. we'll see. Will keep inching in to it as my confidence slowly grows in the underlying business