Anglo Asian Mining Share Discussion Threads

[jeanesy] 19/5/2019 15:58

Carlsagan. Its all about spreading the risk. Any broker is only liable for 55 thousand pounds if they go bust by the FSA. That is my primary reason !

[carlsagan1] 19/5/2019 15:31

Mattjos, you are wise to have that concern, but in this case, around 20 people have povided feedback for both xo and iweb, all saying they recommend and are happy they left ii.

the reason x-o and iweb are cheap is they are execution only, they do not provide articles online or give advice... but thats ok because i manage my own money.

[laurence llewelyn binliner] 19/5/2019 15:31

#Mattjos, I stopped using the share centre for exactly the same reason, their prices and spreads were terrible..

Barclays Smart Investor is £6 a trade, and 0.1% balance pa maintenance costs paid monthly which does add up, but it's as safe as any, and works well integrated with any other accounts held with them..

Any of you LTH's hoovering up shares in 2008/2009 + 2015/2016 must be laughing now, and very well held if you kept believing and have still got them, the yields on those are fantastic, of course it's all about the average price held not just the lowest..

Looking forward to another week here, and an assault on the post IPO peak of 125p in August 2005, onward and upward.. :o)

[carlsagan1] 19/5/2019 15:07

jeansy, why wud u want to move only part of an isa?
ii will still charge u a minmum of £9.99 a month even if u have £0 in the account and do not trade...

[carlsagan1] 19/5/2019 15:05

thanks for feedback nick and homebrewruss

jeanesy, I am hearing only good things about both x-o and iweb...

both are cheap, however no account open £25 fee with x-o, so thats who im going with.

Just be sure to send of ur trasnfer form within a week or so, because it takes 2 weeks or so to transfer and ii's new feees come into action 10th june

[wanobi] 19/5/2019 13:11

many thanx 11%, very pleased to hear your appreciation of all the contributors here, I shall do my very best to keep it going :-) thanx for posting today and good luck with your investments, cheers Wan :-)

[steve c1] 19/5/2019 13:11

Carl i use halifax itself. Cheap as chips £12 odd yearly fee and you can trade for £1.50 if you use sharbuilder about £12 a trade if not. No frills but cheap.

[11_percent] 19/5/2019 12:59

Hi wanobi,

I am a lurker on your thread. Its a great thread and hope it continues to stay that way.


Morons...lol.

[wanobi] 19/5/2019 12:34

thanx cmb, yep, agreed, I do get excited, I love life and all it has to offer :-) and yes, 100% I still have a lot to learn about investing :-)…. & yes, agreed, the markets irrational behaviour driven by fear & greed creates opportunities for us to invest in undervalued opportunities which may or may not ever achieve their true valuation (however that is determined) :-) :-)

I agree, in the limited time I've been at this I've seen "The market is not logical but emotional IMO. The emotions of investors control the market in AIM not necessarily the fundamentals." as you so correctly state it :-)

Cheers
Wan :-)

[wanobi] 19/5/2019 12:25

you're most welcome hubs & many thanx for your post today,,,,, yes, great point well made in regards to 'falling for a stock',, To me, Thomas Cook has just fallen behind the times I'm afraid,,,, people no longer need their hands holding when it comes to travel, flights, hotels, air B&B's and so on... their business model is just not relevant in todays world and they have failed to spot that and move with the times.... all in my humble opinion :-)

jas & Ks, many thanx, yes, agreed, my calcs are very simple to illustrate just how undervalued AAZ is right now when compared to what maybe in the ground so to speak :-)

I am no accountant & I do appreciate your inputs greatly,,,, & yes, many other accountancy type considerations must be considered in a proper valuation :-)

When it comes to the KISS principle (keep it simple stupid) which I have used very well throughout my life, all I'm trying to do is illustrate that the path of least resistance for the AAZ share price and hence valuation is most certainly up, up, up from here should they prove up those resource numbers and get the stuff out of the ground and sold for a profit,,, which they are demonstrating they are very capable of doing already :-)… & that one thing that should not be a problem going forward is finding more Gold or Copper :-)

So from a simple risk/reward view, right now, operationally speaking (ie no black swan events considered) the risk is low and the potential reward high and that's exactly where I'd like to be invested :-)

Spot of Sunday Lunch for me now chaps, enjoy the rest of the day :-)
Cheers
Wan

[callmebwana] 19/5/2019 12:22

KS.
You have to understand that Wan,gets very excited quite quickly. That is how he is and I understand him as such. I think he still have to learn the fundamentals of mining to a T and the way the market values a mining Co. The market is not logical but emotional IMO. The emotions of investors control the market in AIM not necessarily the fundamentals.
Don't forget he is new to investing. It takes time to learn the ropes IMO.
Credit to him he has learnt very fast and still has a lot more to learn.
I became financially independent when I was 57 years old and took early retirement.
I used to dabble in the stock market while I ran my business,there were no PC's then,
I used to get paper certificates by post.LOL how things have changed. I needed to find something to do to stop the grey matter going stale so started to play the market.
We have a very knowledgeable poster in Bumpa and of course Mattjo on the main thread.
This is a great thread set by Wan and most of us get along great on here.
ATB.

[bumpa33] 19/5/2019 10:56

lead to believe IOF placing announces tomorrow in mid teens, what might catch out some shorts is the open offer 1 for 10 at the same price, to raise another £2m, IF the ex date is already passed. Might provide a trade opp' if so...

[splint1] 19/5/2019 10:13

Should be fine to part transfer. The new provider form will usually ask how much. Just have to be careful that you don't contribute to multiple S&S ISA in the same tax year

[king suarez] 19/5/2019 09:44

Wan,

You are getting closer, but you are still not accounting for the 'time value of money', nor the tax payable on profits.

All the ore doesn't come out of the ground on day one, so you have to discount the value of future years revenue/profits by a notional % rate (also known as cost of capital i.e the interest rate at which debt might be financed, or the rate cash might earn a return elsewhere) - this is what is used in the NPV (net present value) of mining feasibility studies. A pound today is not the same value as a pound in a year/several years time. Inflation etc.

Some studies discount future cash flows at a rate as high as 10%, thus making cash flows due in 10 years time negligible.

AAZ already have a resource of c1 million ounces of gold to JORC standard - so ask yourself why it is not (yet) valued at 1,000,000 x $650 x 0.78 = c£500m or £4.40 a share?

I am also doing this in the hopes to become financially independent, and also because I enjoy the challenge/buzz :)

[jeanesy] 19/5/2019 09:34

Does anyone know if you can move part of an isa or do you have to move the whole thing ?

[jeanesy] 19/5/2019 09:32

iweb charge a 25 pounds opening fee i think. I too am looking to move broker. What do pepole recommend please.

[hubs] 19/5/2019 08:46

I really appreciate your efforts Wan, and your good humoured and honest sounding approach. A good read. (As the other thread also). I'm an investor not trader, and from quite a varied portfolio, this is now the only share I hold. I must just remember though - never fall in love with a share! - great companies come and go - my dad, many years gone now, worked for Thomas Cook. That should be a lesson! Enjoy a day off.

[jaspoland] 19/5/2019 08:30

Wanobi some of your calculations aren't correct but even so you have highlighted how cheap AAZ currently is. Things will only improve as they find more resources. One to hold long term

[wanobi] 19/5/2019 07:55

thanx cmb, will certainly be calmer today :-) LOL,,, I just couldn't stand by yesterday and see those oz/tonnes numbers without taking a stab showing what they could mean in terms of a hard cash valuation of the AAZ prospect,,,

I posted the calcs to clarify to any newbies looking in just what might happen to the AAZ share price over the next 3 years.... I think you'll agree, this no ordinary opportunity, this is potentially a lifechanging situation & I'd like others to change their lives for the better to :-)

its not the buzz for me, although that's an interesting side effect, but only when things are going well :-) for me its all about adding years to my retirement fund so I can cut back into how many years I have ahead in which I must work :-)

thanx in regard to the thread, it's a credit to all us morons who post here :-) LOL,,, personally I couldn't give a stuff what others thing of me, I'll just carry on doing my own thing :-) LOL

yep, glad to be out of IG & agreed, the £10K would have been better off in AAZ LOL

I want this thread to be open and inclusive, a place where anybody can ask any question, no matter how stupid they feel it is,,,,, to me, there are no stupid questions, never ever,,,,, since by its very definition all a question is,,,, is someone trying to find something about something they don't know or understand about from others that do and we all have to ask them to develop from a baby who knows nothing to useful adults... we can't all know everything :-) LOL

Have a great day cmb and all.
Cheers
Wan :-)

[nickk1] 19/5/2019 07:21

Carlsagan1
I can recommend jarvis. They are excellent

[homebrewruss] 19/5/2019 06:54

carlsagan1, I'm happy with iweb. I use it for my ISA and prefer it to HL.
The web interface is fairly basic but sufficient.

[callmebwana] 19/5/2019 00:11

Congratulation to you Wan.
On another note, 60312 posts on your thread.This is a(Morons thread) according to Catsick from the main thread !!
The very good helpful know all poster !!LOL Elephants have a very good memory, I know that for sure. :0)

[callmebwana] 18/5/2019 23:51

FFS,calm down Wan,you will do yourself some harm the way you are carrying on.
Remember one thing money can't buy you happiness,it will give you security but security ain't everything either. I am an old hand at the ways of life.
I do it for the buzz of wining and playing the game. What about you ??
I am very glad you gave up the IG thing.You should have put that 10K in AAZ like I told you to. Monday is another day.
Try and switch off and have a nice calm day tomorrow.
ATB.

[carlsagan1] 18/5/2019 23:25

Interactive Investor have decided to up there fees again I see...

If anybody can recommend a cheaper broker plz post.

I am thinking about going to iweb-sharedealing(Halifax) for a fixed £5 a trade or X-O(Jarvis) for £5.95, neither have monthly, yearly, or inactivity fees like ii

I trade long term so dont want to be charged £9.99 a month when I dont even trade, something ii plans to introduce from June 1st.