Anglo Asian Mining Share Discussion Threads

[2sporrans] 23/10/2018 08:47

Short Covering insight:

".......money managers stood net short by 49,382 contracts for the week ending Oct. 16, down from 109,454 the prior week. The bulk of the change was traders buying in order to exit from bearish bets, as the number of total shorts fell by 46,957. There was also some fresh buying, as reflected by a 13,115 increase in gross longs.

“As we had expected, there was massive short covering in gold in the week to 16 October,” said analysts with Commerzbank, adding that speculative financial investors played a big role in the surge in gold prices during this time period.

“That said, given the extent of the position squaring, we would have expected the gold price to rise even more sharply,” Commerzbank continued. “However, we envisage further upside potential for the gold price from this side given that net-short positions are still considerable.”

[jbe81] 23/10/2018 08:39

Nice rise in gold, if it continues it should bring new investors, can't be many free shares about.

[basem1] 23/10/2018 08:30

It's funny guys, I tipped RRE on here last night as the next AAZ. Take a look at the RNS this morning. I couldn't get the post to submit on my I-phone.

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

Perkier Jeanesy?

POG assuming a rocket like trajectory on graphs I've looked at.
Up $8 in an hour or so.

Wonder what triggered that?

Still a huge amount of shorts out there.
More and more covering must ensue.

[wanobi] 23/10/2018 08:19

AAZ - morning all, interim dividend is to be paid on 8 November 2018 to shareholders on the share register on 12 October 2018. The dividend is payable in cash in sterling to holders of ordinary shares. A scrip dividend or any other dividend reinvestment plan will not be offered by Anglo Asian Mining plc.

The dividend will be converted to pounds sterling using the average of the sterling closing mid-price using the exchange rate published by the Bank of England at 4pm each day from the 15 to 19 October 2018, being GBP1 = US$1.3121. Accordingly, the amount of sterling dividend payable in cash on 8 November 2018 will be:

2.2864 pence per ordinary share.

Excellent so far, fingers crossed for a mild winter now!!!

😀 😁 😂 🤣 😃 😄 😅 😆 😉 😊 & Gold broken out of recent sideways trend!!!!


free stock charts from uk.advfn.com


50DMA turning up, RSI above 50..... all good signs I believe :-)

Good luck all,

Cheers Wan

[jeanesy] 23/10/2018 08:14

Every little helps . Good to see POG looking at little perkier this am too.. ssshh :)

[sportbilly1976] 23/10/2018 08:04

Slightly better than the 2.272p credited on my s'bet account (IG)

[ps0u3165] 23/10/2018 07:47

The amount of sterling dividend payable in cash on 8 November 2018 will be:

2.2864 pence per ordinary share.

[mattjos] 22/10/2018 20:37

markets are dead at the moment .. folk waiting to see the direction of travel. Will change in November as people position for anticipated Santa rally

[wanobi] 22/10/2018 20:20

funny old day all-round really; AAZ volume getting back to normal!!!???


free stock charts from uk.advfn.com


plus virtually nothing doing in TXP, STAR or ORM.....

a day in the doldrums,,,, cheers all, thanx Wan

[mattjos] 22/10/2018 20:08

Look at volume. It has been declining since 2nd week September spike ... but price remains very firm at these levels.I would suggest most of the selling pressure has nearly abated now & those sales all been swallowed up in the background.next news item not far away now, imo & clearly won't take much buying to push on past 75p

[bozzy_s] 22/10/2018 19:56

Yep very strange. Spread of 70-74 with online sell quote of 73.126p.

It's been strong on the bid ever since those interim results. Just about every day it's been possible to sell 50,000+ shares above the quoted bid. Stake-building clearly going on.

[jeanesy] 22/10/2018 19:39

I am thinking myself that Joey. Earlier on price was quoted at 72p mid yet it actually was 73/73.99. Then there quite a few buys ... then price dropped to 70.5 ( 70/71)on no visible sales really and yet you could only buy about 1250 shares. very strange to me ..!

[joey wilson] 22/10/2018 18:06

Blimey. The trades are all over the place today. Why??

[mattjos] 22/10/2018 17:24

Thanks for that.
Can't think of a better share in terms of value, growth, exposure to three great commodities and a hedge against continued £ weakness as the BREXIT deal will, inevitably drone on & on & on.

[misterdeb] 22/10/2018 16:12

Seen a contract note that advises 0.03 dollars per share with an exchange rate of 0.022964 GB Pence

[crazycoops] 22/10/2018 15:12

This quarter

[robo21] 22/10/2018 15:06

Anyone have a rough idea when heli survey to be announced?

[misterdeb] 22/10/2018 14:51

Just messing around on the drop!
As at 14:06 it looks like only 73K of trades broken downs as follows:
• 48,673.93 – Buys
• 13,001.31 - Sells
• 11,328.80 – bed & ISA

The quoted spread is now 71 – 75 yet:
• Can buy at 73.68
• Can sell at 72.1

[mattjos] 22/10/2018 14:45

They keep trying to scare a few out but, not working for them.

[bleepy] 22/10/2018 14:02

A little patience as always. Let this continue as my divi payment will be reinvested.

Gadir jorc(1) due along with heliborne survey this Qtr.

Addition of 2nd crusher and grinding circuit last Qtr will make a big impact this Qtr allowing parallel processing. Successful trials conducted 2017 allowing multi configuration of plant with rapid changeover to optimise ore type/choice and throughput highlighted annual savings of $7ml. This being the first full Qtr to benefit from upgrade and trials.