Anglo Asian Mining Share Discussion Threads

[sportbilly1976] 11/6/2019 16:26

no idea myself...why quote a price but then have a limit of 50 shares or something ridiculous on it...why not just move up 0.5p or 1p to where you're willing to do business?

[wanobi] 11/6/2019 16:23

it is amazing how the MM's play with STCM,, making no attempt to keep the market open since 3.30pm SB ?? I'm just too inexperienced to fathom it out :-) cheers Wan :-) LOL

[crazycoops] 11/6/2019 16:02

Malaysian PM moots East Asia trading currency backed by gold. This is a great video (c25 mins) if you are a gold bull and by extension an AAZ shareholder.https://www.rt.com/business/461593-shiny-gold-dollar-bubble/

[wanobi] 11/6/2019 15:58

after hours prints should be very interesting for STCM today Sb :-) I'd guess there will have been a lot of big chunks changing hands behind the scenes so to speak,,, we shall see soon enough :-) LOL cheers Wan

[sportbilly1976] 11/6/2019 15:57

fill or kill...not sure what the MM's quoted limits are though

[wanobi] 11/6/2019 15:48

:-) indeed SB :-) LOL,,,, HL won't sell me 200 shares right now, but they'll take 5OK plus off my hands,,, so, all will be well imhv, should bounce now :-) Cheers Wan

[sportbilly1976] 11/6/2019 15:44

wan,

the AGM tomorrow will pass & confirm 3p divi. I can't see the yield going to 10% for buyers.

It's 9.09% currently :)

[wanobi] 11/6/2019 15:17

STCM I'm still waiting, I now kinda think MM's might take this into the 20's to attract even more buying and offload large lumps of SEB shares,,,,, but then what do I know,,,, all just guess work on my part,,,, but let's see :-) GLA cheers Wan

[wanobi] 11/6/2019 14:58

excellent timing oakey I think :-) LOL,,,, cheers Wan (fingers crossed) :-)

[oakey1] 11/6/2019 14:28

Bought some more STCM at 32.96 :)

[wanobi] 11/6/2019 14:27

no problem Bumpa, gotta take a loss now and again :-) cheers Wan

[wanobi] 11/6/2019 14:26

STCM can buy only 6K max online with HL, but can sell up to 60K.... :-) interesting, cheers Wan :-)

[sportbilly1976] 11/6/2019 13:53

wan,

the c.35p support/resistance line is very strong given that clearly was the (lowest) level SEB were willing to sell at recently.

With the AGM tomorrow maybe they wanted to clear the order before then?

side note & comment: Surely companies should be made to have an AGM where their main stock market listing is based...

(delayed 100k buy just through...so demand there, ironically it went for 0.5p over the offer despite there being clear selling pressure on the sp)

[wanobi] 11/6/2019 13:48

STCM chart says it should bounce now, let's see shall we :-) GLA Cheers Wan

[mr roper] 11/6/2019 12:05

Must be 9% yield now. Seriously tempted

[stevea171] 11/6/2019 11:53

Yes, thanks. Not there yet but 1 day can make all the difference! Have changed the above.

[2sporrans] 11/6/2019 11:44

Just a wee quibble Steve:

X-divi date coming up is 27th june.

[sportbilly1976] 11/6/2019 11:41

I would hope the now 8% yield attracts some interest at least....

ditto re SEB's reduction plan

[stevea171] 11/6/2019 11:33

Thanks Matt. Haven't posted for a while and not much to contribute but it's good to take stock now and again and to look at where we are at and where we're going ....

Ordubad, you mention, is likely to be big news this year. To start off as icing on the cake but later another cake!

[wanobi] 11/6/2019 11:31

thanx SB, just working the chart, nothing more, long way to go and SEB has a lot to shift if it wants all out,,,,, hopefully it doesn't, but then again if it does there be plenty more on offer at cheaper prices to come... oh what a game this is :-) LOL Cheers Wan

[mattjos] 11/6/2019 11:22

Great post Steve.Itching to hear about the Ordubad samples this month

[sportbilly1976] 11/6/2019 11:14

wan,

good call deferring any purchase in STCM. Just need SEB to put a halt to their selling for any share price appreciation...the spike on the chart now not looking good

[stevea171] 11/6/2019 11:13

It's interesting that today is the first day, I think, that AAZ has not had any trades below 100p. Buy or sell. Even with a falling gold price this suggests that 100p is beginning to stick as a floor and we will see further advances in due course.

We saw a spike to 106p on FY results announcement day last month before sellers took charge and there was the inevitable retrace. Now the market is looking forward and can see value regardless of what the metal prices are doing.

Hardman's research note on 21st February calculated a "DCF valuation of 146p reflects AAZ’s prodigious cash generation."

Institutional investors are very keen on stocks that pay dividends. As many small and mid cap PM miners are more into raising cash from the market rather than distribution of cash in dividends AAZ will become increasingly attractive to ii's.

Two distributions in the next five months:
27/6 x-div date for 2018 final dividend. 4c/share. To be paid 25th July.
Approx 10/10/19 x-div date for interim 2019 dividend. 4c/share? To be paid 8/11/19?
This would be a combined dividend of over 6% at the current share price

AAZ's market cap has risen above the significant £100 million mark for some time now and is currently at £115 million with a safety margin of 15% above this benchmark used by some investors and institutions.

[laurence llewelyn binliner] 11/6/2019 10:46

Plant optimisation is a never ending process, there are always improvements to be made, it's not always about grades either, as JB2 contributes, it's about mitigating the breakdown risks, some of this is trial, error and experience with what works best to keep all the wheels turning 24/7..

Buying at 101.95/101.99 printed this morning, and the time to AGM/ExDiv is getting compressed, my expectations are news after the AGM with the Q2 update 1st/2nd week of July.. but we get what we get.. :o)