Anglo Asian Mining Share Discussion Threads

[wanobi] 16/5/2019 21:27

you're most welcome Leo :-) & sure as eggs is eggs I may be very wrong :-) cheers Wan

[wanobi] 16/5/2019 21:24

ah yes, I'm only looking at the TA, so yes, if there was a positive result, why not :-)…. in my honest but very humble opinion TA has a place, but FA is king, ultimately that's what will determine the chart :-)…. I think the chart just represents investors sentiment at any given time, so I'd say most expect a poor result,,, but then most can be completely wrong :-) does do ones head in :-) LOL cheers Wan

[leopoldalcox] 16/5/2019 21:20

Cheers mate. I can't see this staying under a pound now, personally.

[brasso3] 16/5/2019 21:19

I would say that they are currently drilling and the result of that well will determine which gap gets filled.

[wanobi] 16/5/2019 21:17

brasso, I suppose because the path of least resistance for the share price is currently down and the DMA cross also supports that,,, but I am sure this charting stuff is not perfect by any means :-) LOL cheers Wan

[wanobi] 16/5/2019 21:13

welcome K mon, indeed....

"Breakaway gaps don't tend to fill, or at least not for a long time. Instead, the price tends to run in the same direction as the breakaway for some time after. The times when breakaway gaps do fill, the breakout direction usually prevails. The price may move back to where the gap started, fooling traders into thinking the gap was a false breakout, but then the price usually keeps moving in the breakaway direction."

with AAZ, in this instance I feel it will,,,,, let's see, only time will tell,,,, however I agree with the theory above, after it fills we'll be back on track :-)

Cheers
Wan :-)

[yasx] 16/5/2019 21:09

A few points, if I may:

1: Someone earlier (I forget who) indicated that if a holder did not sell yesterday with the possibility (no matter how remote) the results might disappoint, then it seems rather absurd to sell today - although it might appear illogical to many to buy at a price higher than, say, last week, in reality, when risk is reduced it merits paying a premium. That is how successful investments work.

2: Spread - for me it is not a significant issue unless one cannot get inside the spread both ways - with AAZ one usually can. Thus, I agree with Mattjos that it may be a deterrent, but only to those looking to churn.

3: Sp Angel - although they are the Co. broker, their notes/targets have proven to be well behind the curve. Based on the numbers today, I guess the latest missive will prove to be the same. I would not pay much attention to it.

Finally, the numbers today more than support the current price. But, and this is the key, the real money from here will be made in the exploration finds to come.That prospect can catapult this share to an entirely different level in the months ahead.

[brasso3] 16/5/2019 21:09

Wan (AMER)

Why will the 10p gap get filled before the 16.5p gap? :)

[k mon] 16/5/2019 21:03

Breakaway gaps .. don't get filled ...

They are a powerful indicator .. that the normal 'Rules'
.. have been suspended .. as the buyers scramble for more...

[wanobi] 16/5/2019 21:00

wow, they are all getting filled and the next one is 10p :-) after a very quick glance :-) LOL cheers Wan

really does reinforce gap theory that one :-)


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death cross should see it filled now, let's see :-)

[brasso3] 16/5/2019 20:45

Wanobi

What do you think about the gaps on the AMER chart?

[wanobi] 16/5/2019 20:40

LOL I hope not Rb :-) Cheers Wan :-)

But every time I look at the chart above it smacks me in the face :-)

Bounce off 74-75p and I think we are safe, break it though and sure its back on :-) LOL

[podgyted] 16/5/2019 20:37

Can't believe I got a thumbs down for suggesting share price Angel need to revise their forecasts.

OK. 2018 Revenue $90.4m - EBITDA $49.8m. Forecast 2019 Revenue $95.4 - EBITDA $37.4m. So they are forecasting a total cash cost increase of @ $18m or 44%. Explain that to me. I presume you are happy with a forecast PER of 23.8 for 2019.

"You cannot have i5 both ways". Of course you can - there are many, many small well run companies on AIM that have more reasonable spreads.

I don't want to "trade" but object to giving excessive commission to MM's.

[friendzarin] 16/5/2019 20:26

I've spoken with Bill a number of times about the coverage provided by SPA as have others who regularly post here.

However I have to accept if AAZ are content with their current arrangements then so am I.

I understand the view. I believe they know what we need in this area at this current time and see no value in any immediate step change.

Given where we are and how things are proceeding I have to accept this is an indulgence on the companys part we need to go with.

I accept if they took a different tack they could propell the share price more swiftly but given the financing positioning they have...............

A timing issue ?

Edit

obtw Ted I don't agree with a down rec.

[riggerbeautz] 16/5/2019 20:24

Don’t we need to fill that one around 73p after all? Phew that’s a relief ;)

[podgyted] 16/5/2019 19:33

SP Angel need to wake up their intern and get him to revise their forecasts - never seen such garbage.

[mad foetus] 16/5/2019 19:29

Podgy it is a drum I have been beating but all we can do is hope that increased interest brings increased volume and more competition from the MMs.

[mattjos] 16/5/2019 19:27

Chaps .. please, no more moaning about the spread here.You cannot have i5 both ways. If you are so obsessed about spreads then, please go and trade/comment on some useless AIM company that has 2Bn shares in issuance, places more every 6 months & whose management team have none of their own money invested.If you want to invest in AAZ .. it is what it is and has been so for years & years. Politely - Get over it or get out

[brasso3] 16/5/2019 19:17

I am sure the BoD are desperate to get institutions on board with the shares only going from 4p to 105p in 5 years. They must be questioning their poor performance by now, surely!

[crazycoops] 16/5/2019 19:10

Unlikely, why would they if they don't need the money? They are earning 6% annual return on their investment with the prospect of a rising asset value as they continue to grow the business they have already built.

[podgyted] 16/5/2019 18:43

On a day when close to 700k of shares were traded the quoted spread at the end of the day is 96-101. I find this ludicrous - I know the actual has been a lot less during the day - but this puts people off. Don't know how this can be sorted but it needs to be.

I note several people thinking II will be starting to get interested - I agree - but I think that's only going to happen with a placement from the 2 major shareholders who own about 40% - perhaps others have some idea how likely that is?

[wanobi] 16/5/2019 18:29

short term Leo, I see todays gap being filled over the next couple of weeks and then off we go again provided we bounce of that 95p line :-)


free stock charts from uk.advfn.com



free stock charts from uk.advfn.com


GLA
Cheers
Wan

[wanobi] 16/5/2019 18:23

TXP - just listened to Paul, must say I do like what I believe is his upfront honesty about the situations they have encountered :-) however, an A for effort and a D for achievement is always a bit worrying in a school report :-) LOL..... to me, it really is all a bit binary right now,,,, 2 years from now and we could be at 10000b/d up from 2000b/d and that would see a significant rerating of the current share price in the right direction,,,,, however, do the drill and find water not HC's cause they've all leaked away over the past 60 years and we're a bit foooked :-) not long to wait though, end of June, so there we have it :-) GLA Cheers Wan

[2sporrans] 16/5/2019 17:52

Possibly overlooked by some, AAZ have achieved rapid expansion without taking shortcuts and risks wrt safety/quality/environment.
Came across well in the feedback by Matt/JB/FZ following their site visit last year.
This caught my eye when parsing through the results early am; thought it worthy of pasting here:

"The tragic collapse of the Brumadinho tailings dam in Brazil was unfortunately not an isolated incident in the last ten years. Safety is our number one priority and the Company's tailing dam has been constructed to the highest possible specification. The dam is constructed from hard rock and not tailings material, as is common in the industry, and the building and maintenance of the dam has been continuously supervised by one environmental and geotechnical consultancy. However, in light of the Brumadinho collapse, the Company has commissioned an inspection of the dam this summer by Knight Piésold, a leading environmental engineering company. Any actions highlighted by the inspection will be carried out immediately. "

So, both cost-efficient and lower risk operations.

[leopoldalcox] 16/5/2019 16:57

How do you see the AAZ chart playing put Wan?