Anglo Asian Mining Share Discussion Threads

[goodgrief] 10/6/2019 13:40

Rarely do AGM's result in new news, just reassurance and soothing words (sometimes).

[mad foetus] 10/6/2019 13:40

500 still the max. Wtaf!

[laurence llewelyn binliner] 10/6/2019 13:35

Our AGM 20th next week and having not been to the last 1, apart from the usual voting the directors in again and the dividend, can we to expect any additional project news flow..? or more likely this will fall back to the Q2 update in 4/5 weeks time..

[mattjos] 10/6/2019 12:43

500 shares is max online offer

[mattjos] 10/6/2019 12:41

was expecting a fall back in Gold this month but, don't see it lasting too long.
The Mexico tariffs is just a sideshow to the much more important China/USA trade dispute & the continuing deceleration in growth across the world.
The FED is already much too late in its first rate cut. The longer they leave it, the more 'creative' they are going to have to be to try and stop the slide & therefore the sharper the resultant upward move in Gold will become

[mattjos] 10/6/2019 12:36

i snagged a few more. looks like a brief re-test of the £1 hurdle

[mad foetus] 10/6/2019 12:34

Can't even buy 1,000 online, and I was looking for more than that anyway!

[wanobi] 10/6/2019 11:09

AAZ nice tree shake by the MM's ? cheers Wan :-)

[terropol] 10/6/2019 10:44

Also we have to remember, AAZ created 1000 jobs + spin offs. What was a small pour village is now a very well developed small city type.
The Staff love working for the company.
The government get a profit share and corporation taxes, and they are our partners.
I am very comfortable with my position. (For new people here, I have been there and seen it all first hand.)

[laurence llewelyn binliner] 10/6/2019 09:48

Trading off an PE of just 8.5 takes into account but some of the jurisdiction risk, perhaps overly so as we should be on 15.. but there is safety with a Gov PSA which mitigates some risk, and the likely hood of a that changing any time soon as Corp tax and profits are rolling in is IMO remote, as an investor it would be foolish to ignore risk, but on balance I see we are pretty well protected with the current arrangements in place..

[edjge2] 10/6/2019 09:43

Sorry that was well OTT, wrong ticker, wrong board.
I think AAZ due a rest and a bit of consolidation before next leg up so may be able to top up at 90p. Chart shows steps and no doubt gold through $1400 will help AAZ up.

[celeritas] 10/6/2019 09:09

Country risk, I think there's more a risk in this country if Labour under it's current guise ever get in

[2sporrans] 10/6/2019 08:25

Fardels Bear - Great Pseudonym

"...And makes us rather bear those ills we have
Than fly to others that we know not of?"

BP screwed for over $65-bn over Macondo and still paying out ~$1-bn pa.
Yet remains hugely committed to US - deepwater, shale and downstream.
Caspian Gas/pipelines is massive play and several years of development/expansion ahead.

Maybe the BP-Azerzi mutual interest offers a kind of insurance for AAZ?
+ the Azerzi policy of wanting to attract foreign investment to diversify economy away from so heavily oil/gas + Looking to EU for trade [China too].

With Russia/Iran/Turkey as neighbours, guess Azerbijan may become under pressure from influence direct/indirect. Not forgetting Armenia and Azerbaijan will want to retrieve lost territories some day.
But as others have posted, situation remains stable and risks less than a great many other countries - EM for sure; maybe even DM.

[wanobi] 10/6/2019 08:23

thanx Bumpa, plan is to see how the chart plays out, its smashed through the 50 & 200DMA's, will it now go on to test that support/resistance line around 6p or simply fall away :-) Cheers Wan


free stock charts from uk.advfn.com

[bumpa33] 10/6/2019 08:14

ok wan, good luck - remember if you're going to trade though, have a plan.

[wanobi] 10/6/2019 08:09

well done Bumpa, I'm still holding for now :-) Cheers Wan

[bumpa33] 10/6/2019 08:07

out EVRH, took the 10%.

[bumpa33] 10/6/2019 07:47

morning Wan, amen to that :)

[wanobi] 10/6/2019 07:38

Good morning all and good luck this week to all :-) Cheers Wan

AVCT - RNS today, cheers Wan :-)

Avacta Group plc (AIM: AVCT), the developer of Affimer(R) biotherapeutics and research reagents, announces that it has selected the clinical development candidate for first-time-in-human clinical trials of the Affimer platform. This important milestone means that the Group remains on track to submit an IND/CTA application for an Affimer PD-L1 inhibitor by the end of 2020.

Fingers crossed for us all that AVCT's approach succeeds and we can start to defeat cancer using this method.

Cheers
Wan :-)

[catsick] 10/6/2019 06:05

On the subject of risk, it is never where you think it is, BP active in both Azerbaijan and the US for many years but it was the US where they faced a massive legal shake down that was highly politicized and nearly killed the company. Risk is underpriced in the US and over exaggerated in many emerging countries, my best two performing stocks this year are Russian and I am putting more and more cash to work there ....

[s0lis] 09/6/2019 23:52

We can dream that the awaited exploration results would produce results as rich as 4,772.2 g/t over 2.0 m or 2,458.6 g/t over 1.8 m hxxps://www.globenewswire.com/news-release/2019/05/02/1814909/0/en/Kirkland-Lake-Gold-Reports-New-High-Grade-Intersections-at-Macassa-Results-Highlight-Potential-for-Mineral-Resource-Growth-and-New-Discoveries.html, but that could make us a political greed target so perhaps slow and steady is better.

[terropol] 09/6/2019 23:33

Guys do remember that one of Our main share holders and director is a well respected US ex governor. The AZ government would not choose to start an argument with America...And the AZ government is building a great country. I consider the political risk minimal.
Looking forward to meeting some of you new to this thread at the AGM.

[mattjos] 09/6/2019 23:04

Yasx .. as ever, your post well penned and the voice of reason. Thank you