Anglo Asian Mining Share Discussion Threads

[wanobi] 07/12/2018 22:17

wow, that just flew straight over my head :-) cheers Wan

[mattjos] 07/12/2018 22:02

bamboo .. agree your interpretation of the Bulkowski pattern. 7/10th for the apex turn, if using tight lines. 11th if you wanted to wait for confirmation.

[mattjos] 07/12/2018 20:54

2sp ... I have traded with Chinese companies for last 15 years ... it is fraught with commercial risks. Their interpretation of 'fair' & 'honest' differs dramatically from ours.They do not respect IP rules/laws in any way.This has persisted for years and years.They won't change unless forced to do so, imo.Combination of both stick & carrot seems a sensible approach, afaiac.If this Huawei woman has indeed used HSBC as a financial conduit to try and evade sanctions on Iran then, she should stand trial. I would not be surprised if this is the case. Is she being used as leverage in a trade war? Maybe but, that's how it goes in war. Interesting to see the tit-4-tat response

[2sporrans] 07/12/2018 20:30

hasn't trump exacerbated matters though Matt?

e.g. take the chinese issues.

pilfering 'intellectual property' should be checked, as far as possible.
ditto barriers to doing business/trade in china; e.g. need to have chinese partner.
but the use of tariff bludgeon to try and achieve remedies is at best crude/antagonistic/costly-to-all and ultimately futile.
far better to at least have got eu, japan, s korea... acting in concert; instead of which he has acted like bully in playground.

bear in mind all rising economic powers have 'stolen' ip from the the first movers; usa thieved much from britain latter 19th c + early 20th.
shutting out china will actually accelerate their indigenous evolved progress; already very visible.

in any event it staggers me....the awesome sense of entitlement of american establishment in global 'arena'
take this latest farrago:
get canada to arrest cfo of huawei for extradition to usa.
bad enough the usa arrests citizens of other nations it is not at war with in other countries.
in this case, the reason is because the cfo is suspected of breaching usa sanctions on iran. sanctions unilaterally raised by trump admin. and china has not signed up to... she may have acted against american self interest but she is chinese, not american subject.

i don't think trump is stupid; far from it.
however, he seems limited at the highest level of office; too concerned to play to his core voters and lobbies and lacking breadth/depth of vision.
surely this arrest of the huawei cfo was initiated without his knowledge.
if he knew and did not forestall - at this extremely terse/fragile/critical juncture in negotiations with china - then his intellect is in fact way below that required for even a novice diplomat or negotiator.

so, we have a trump administration that ''puts america first''.
that's ok but it does so with such effrontery that it has pretty much wielded a wrecking ball through what remains of its hegomonistic inheritance as a setter of standards of conduct by and between nations.

consequently, it will no surprise me if say 10 years hence, not merely will the us$ as global reserve currency, universal commodity denominator etc be a receding memory, but the globe will be dominated by regional blocs redolent of those orwell wrote about in 1984 [or 1948 as he meant it].
except europe will not be semi wedded with usa as to date.
and presumably there will be no miliary wars between the blocs, though quite possible a mercantilist kind of relationship may develop between a pair or even all [4 or 5?]major blocs.

it will not surprise me if , just as 1 example, within even 5 years, we see s korea build, first rapprachment, then ever closer cooperation with chinese neighbour and latterly, close american ties, especially defence crumble.
next move will be a chinese brokered / s k financed re-unification of korea.
the n k 'dynasty' will be bought out and the nasty problems it poses others as well as it's own will be erased.
i'm not saying the PRC is a wonderful entity, nor evolve as eg a paragon of individual freedoms and entitlements.
but it looks to me a lot like china will persuade by win-win strategies and after all has not only immense, fast growing, economic clout but will become the largest single consumer market, by some margin.
well worth tapping into.

[cinoib] 07/12/2018 20:08

$1250.6 at this current point so should see some fireworks on Monday if this holds.

[pogue] 07/12/2018 19:33

Mattjos
the demise of the $ has been predicted since Obama's early days, plenty of articles online about it, the fact is Trump has pressed the accelerator. In the past Europe was happy enough to support America by using the $ as they had good relations now they don't see the point as Trump has been trying to renegotiate trade deals with them and has made a fool out of Macron who was sent to try and appease him. The end is in sight for the $ in a way it has not been before as the alternatives are now being openly used not talked about.
I have only been following this share a few months after buying in and have not seen any posts on the imminent fall of the $.

[jbravo2] 07/12/2018 19:23

"I think it might be a pseudonym"
:rolls eyes:
Next you'll be telling us you're not using your real name either...

[jeanesy] 07/12/2018 19:20

looks like today's price action is purely down to the drop in the dow this afternoon. The major indexes have taken quite a hit recently which is no bad thing. Looks like some of you got some even cheaper shares today - well done. Good weekend all :)

[wanobi] 07/12/2018 19:09

NTV, thanx for posting, good luck with your AAZ, I am very confident you will see a handsome profit if you hold it, but, then I am no trader or experienced investor, just my view based upon all the stuff I've read about AAZ and the state of the world right now in terms of what will happen to the POG..... cheers Wan

[mad foetus] 07/12/2018 19:09

Gold moving nicely now. Really want a good RNS early next week!

[bumpa33] 07/12/2018 19:08

Santa (rally) better get a wriggle on...

Before Donner and Blitzen go lame.


That Jeffries pump on Tesla beginning to look bloody suspect.

[wanobi] 07/12/2018 19:05

mattjos, I like your rising wedge chart, post 18092, I would have never have thought to draw it like that, very interesting, cheers Wan

[mattjos] 07/12/2018 18:46

Pogue .. whilst I certainly do not agree with your analysis on Trump, if you go back over this thread since it's inception, you will find many references by several of us here, foreseeing the inevitable demise of the US$ as the likes of Russia, China, Turkey, Kazakhstan, Iran, and other Eastern nations have realised how the US$ effectively enables the USA to dominate them. It's role as the world's reserve currency is coming to a natural end but, will take a little longer yet.USA will very soon be spending more on national debt repayments than it does on its entire national military budget.It's days as the world's policeman are coming to an end.But, Trump is not blame for this ..he has inherited this mess. The last round of damage was not done on his watch.He is right, imo, to go after the Chinese & how they trade. It's only Trump & USA that can do this & we should support his efforts, imo

[lefrene] 07/12/2018 17:43

Very 'back of an envelope' but comparing this with Centamin (CEY) I take the view that AAZ should be much closer to a £250mn market cap. This time next year Rodney :¬)

[mad foetus] 07/12/2018 17:42

I think it might be a pseudonym

[jbravo2] 07/12/2018 17:39

Ha ha never heard of him but I like his name
:)

[terropol] 07/12/2018 17:31

Had a few today...had to pay 88.5p to get in 10k lots.
Well done to those you bought below that.
Have a nice week end all.
Not long left to year end, and we could do very well on results.

[mattjos] 07/12/2018 17:21

who/what on earth is 'Roger Phlegm'

[mad foetus] 07/12/2018 17:10

Yes, Phlegm takes no prisoners, quite well known in private chat rooms and very bullish on AAZ. If he takes a steak, there won't be much cow left.

[2sporrans] 07/12/2018 16:57

thanks st

hope he's slapping down a few £100k and make a self fulfilling prophecy.