Anglo Asian Mining Share Discussion Threads

[mattjos] 19/12/2018 14:34

drift seems for no reason other than normal Xmas sellers needing cash & that happens every year.

We'll get a clearer view on direction of Gold price later this evening

[sportbilly1976] 19/12/2018 14:27

Gold back positive now too after some profit taking this morning, up just over $1

[bleepy] 19/12/2018 14:19

Another 100,000 @ 89p late reported buy...

[wanobi] 19/12/2018 13:49

AAZ trade no. 7 on LSE from 16.27 yesterday, printed today for 100K shares, looks to be a buy to me?

cheers Wan

[king suarez] 19/12/2018 12:31

I was looking at OPG (coal power generation) as a possible turnaround recovery stock a few weeks/months ago due to the high cash flow generation relative to market cap. I'd read that the management had made mistakes and sold off some non-profitable parts of the business and had lost shareholder trust, but it looked very cheap on the financials.

I probably wouldn't touch it now as it's risen from 10p to 27p pretty quickly! An opportunity missed due to too much deliberation/risk aversion?

[callmebwana] 19/12/2018 12:21

What I like about this BB is that we can discuss any share that we maybe interested or invested in. On some of the BB's you mention O/T and people jump on your back.
At the end, we are all trying to make money from the Stock Market. So if someone feels there is a good share to invest in then please do post.
Sometimes I have picked a good share and taken profits far too soon. Other times I have held on and lost gains. Sometimes you can pick good shares not only in AIM but in the FTSE 350. I have over the years done well out of the FTSE 250.
I am retired and have time on my hands.
I retired and traveled a lot, then I had nothing to do, only then I started to invest heavily in the Stock Market. It is a hobby that I enjoy very much. It for me is not so much the money,more like a game of chess. As I am comfortably well off anyway. I help my children and grand children with money.I am posting so newbies understand where I am coming from.
I have also looked at IHT quite a bit.So anyone wants any info about that please ask.
ATB.

[celeritas] 19/12/2018 12:17

No non at all as far as I know. I expect the Gadir update next month, it would be stupid putting it out now.
I don't see Gadir as a real driver anyway, not with one update but I do see plenty of others in the 1st qtr of 2019.

[sportbilly1976] 19/12/2018 11:49

A question on the expected JORC report - is there an expectation already built into the share price of what will be contained within it?

what values are some of the more knowledgeable people on here expecting as say - bad, good and very good inferred resource quantities?

[callmebwana] 19/12/2018 11:17

A very good post by you Conundrum. Not rambling at all.

Oakey1. You are a person,the job you do is irrelevant. I once used to be a bus driver. I educated myself and became a successful business man.
When Wanobi started this thread, I did give him some advice by personal message.
I also got a bit angry with him because he started to jump in a bit big for my liking into some stocks he knew little about, but he is a very quick learner.
Wanobi understood that I was only doing that for his good. One poster from the other thread had a go at me. He went on filter. At the end we are people who do not know each other personally.
Not many wanted to help Wanobi, because he was asking too many questions !!
If you have any then ask.I think most on here would try and help each other.
That is why I mostly post on here. The other thread has many experienced investors as well. many more have come on to this thread now. That I feel is a good thing.
LOL. my ramblings now.
ATB.

[bumpa33] 19/12/2018 11:16

i note todays RNS made no further mention of the 'other parties' previously referred to. i'd say there's more potential downside than upside but will see how it plays out.

[sportbilly1976] 19/12/2018 11:07

bumpa,

simply my opinion...they could go as high as 25p but considering it was 10p before talks released and FLYB was openly up for sale before then...any talk of 30-40p is pure fantasy

depends who else is in talks with them (rns did say parties) but it is a 4-9p gain versus a 6-8p loss...50:50 pretty much :)

[bumpa33] 19/12/2018 11:02

You reckon 20p SB76? recent price action prior to today’s RNS might back that up. Toss of a coin though really, I could equally see Virgin walking.


Conundrum - I do have decades of experience. Not all of it good though!

[wanobi] 19/12/2018 10:42

well said conundrum & thanx for the heads up on IG.... cheers Wan

thanx again SB

[sportbilly1976] 19/12/2018 10:42

I use IG for stock positions as leveraged on small ££ values and tax free should they come in

beware being drawn into precious metals / indices / forex though...the markets move quickly and often without real reason behind them...they are also subject to massive volume and big players..a quick way to lose money imo

I'll also add (where possible) using stops at a sensible level (not the minimum) to protect some ££ in the event of bad news, more so on pharmas and O&G plays - they have saved me lots over the years (IMM earlier this year for example)

[conundrum] 19/12/2018 10:33

You mention buying advfn level 2 when AAZ is £1
If you click on level 2
You can play a 24 minute tutorial for free, which explains what it has to offer, and how to understand the screens.
It would make sense to view this first, you can then decide what value you put on that info, to assess wether level 2 is worth the cost for you.


Yes IG platforms are easy to learn to use.
Making money spreadbetting is not, at least in my experience.
I opened a small position with IG several years ago. At the time I was going through a very sucsessful period with my shares. On IG I had a lot more wining trades than losses, but overall the money was going down, as the loses were larger.
Very frustrating having to close a position at a loss to prevent getting close to being wiped out, (you are playing leveraged positions, so movements don't have to be massive for this to happen), only to see the position was right if only your timing had been a few hours different, and you could have made a lot of money, instead of losing it.
I found it very stressful and time consuming, and lost money on it. I limited the size of my investment for the experiment, otherwise I probably would have lost a lot more.

I have been invested in the stock market for over 20 years and I keep a record of how much I have subscribed into my ISA and nominee account, both of which are showing a healthy profit. Spreadbetting percentage wise my overall loss was massive, but not material in pounds.

Bumpa sounds like he has a lot of experience, his personality presumably has no problem with the additional stress and time involved with spreadbeting, and sounds like he is makeing a living from it. My personal opinion is that wanobi may be better off sticking to investing for now. But it is your money, your life, your call.

There is no single right way to play the market, after over 20 years I am still learning and also have losses along the way, but overall am making money.
IF someone is making more than they lose most of the time, that is what we are here for.

Just my ramblings. We must all make our own decisions and do what we think is right for us, and live with the concequences, both good or bad.

Good luck to all whatever your strategy

[oakey1] 19/12/2018 10:31

Cheers wan
I’ve been in AAZ since the 40-50p days but have been quiet on here because I’m a noob investor
I have zero expertise to share but check this board everyday to soak up some knowledge from you guys
I don’t trade with the thousands some of the posters here do cos I simply don’t have thousands to spend
It’s more of a fun/learning thing for me and if I make a bit of money along the way it’s all good
I’m just a cabinet maker by day

[sportbilly1976] 19/12/2018 10:29

wan - yep

that rising support has been a strong one and guided the share price along over the past few months.

with the JORC supposedly coming in Q4 and (if I were a Director) I wouldn't want it coming out next week so tomorrow if the last full trading session (in terms of volume etc) before the new year, this could easily see the share price spring up from the rising support once more


(my theory anyway!)

[sportbilly1976] 19/12/2018 10:26

Bumpa,

FLYB - 20p imo

price movement post rns' suggest that's the max any offer will come in at. Personally I think Virgin will table something, the access to the local connecting routes is good ...however the brexit cloud may well hang over talks

[wanobi] 19/12/2018 10:24

yes SB, could well be, as per my chart from 17th you mean?


free stock charts from uk.advfn.com


cheers Wan

[sportbilly1976] 19/12/2018 10:20

Wan,

overlay a rising channel running from August/Sep through to today...on the rising support line there too so I'm hopeful that this is a good entry and the share price can bounce from here

[bumpa33] 19/12/2018 10:19

watching FLYB. Suspicious of today’s nothing RNS. If Virgin walk it’ll be all over but probably still a chance to ride it down...

[wanobi] 19/12/2018 10:17

oakey, obviously you can see that I am a firm believer in AAZ, right now it may be headed lower, break the red line and bounce of the 80p line and there may just be a good entry point coming if you like the stock.... NIA intended... cheers Wan


free stock charts from uk.advfn.com


btw I bought 50K yesterday at higher than today's prices :-)

cheers
Wan

[basem1] 19/12/2018 10:02

From 88.65 to 85.6 to sell. Quite surprising