Anglo Asian Mining Share Discussion Threads

[baddeal] 24/4/2020 15:08

GG I posted on same subject yesterday and totally agree. Company needs to get a grip of financial pr if it wants to get to a bigger audience. We all sit here as supporters so we're not the ones who will drive up the price. The story needs selling to the market, that's how things works and I suggest the bod get their act together on this as now is the time to get on the front foot with full year numbers coming, divi, reserves, etc etc I've made more money in the last month from one of my businesses which is totally closed down so that demonstrates that we are close to missing the window of opportunity to bring in new holders.

[wanobi] 24/4/2020 15:07

Cheers
Wan :-)

[riggerbeautz] 24/4/2020 15:05

Does he still look in regular Bumpa?

[mattjos] 24/4/2020 14:02

pretty difficult to get heard right now i imagine but, marketing is always about the drip, drip, drip effect & understanding that a fair chunk of promotion is wasted on the audience.
I believe AAZ has done a pretty good job over the last 3 years … collectively, all interested parties are now simply waiting to see/hear of the next steps & in that regard, if there is not a helluva lot more flesh on the bone by the time of the AGM then, I suspect shareholders will, in the nicest possible way, be pushing the BOD hard for some definitive answers.
Now is clearly the time to be taking that next step in the journey to mid-tier status. Setups don't get much better than this.
I have confidence in Reza, John & co. to get it right and therefore assume there are still I's to be dotted and T's to be crossed before they can share with us all what's been going on behind closed doors this last 12 months

[bumpa33] 24/4/2020 14:02

I doubt that the 20 regions that make up Italy will ever be able to unify in a serious movement for Quitaly - politically, socially, economically the country is a mess, it has been for decades - corruption is endemic at every level through the various regional mafias in business & politics. The older generation has never been that pro Euro anyway, the country has difficulty managing to even be pro Italy! The north hate the south and vice versa and they all hate the Neapolitans and Sicilians - sorry wig if you read this. They may make the noises but I’d be surprised if they went the whole yards.

[mad foetus] 24/4/2020 13:58

In December AAZ was 140, CEY 110. Now CEY is 170. POG was 10, now 24. AAU was 2.3, now 3.3. And don't mention GGP!It's beyond frustrating. We need to be above £2 to just be keeping up

[wanobi] 24/4/2020 13:57

AAZ - ready to move up now on a small buy volume :-) GLA Cheers Wan :-)

[lefrene] 24/4/2020 13:37

gf1, there will have been a dramatic shrinkage of free floating capital, every young person working for an investment fund or Bank, will have their instructions. There's going to be precious little speculation, investments will only be made on the basis of certainties. No one is going to risk their job by going off script, probably the same sort of reasons as to why the NHS seems incapable of getting the kit it needs in hand, before it's actually needed at the sharp end?

The news will come, the divi will be paid, the new certainties will then get reflected in the price, and the employed screen watchers get to keep their jobs by not being 'clever'. Just like the civil service!

[wanobi] 24/4/2020 13:35

DDDD - many thanx Bumpa, I see we now know who the seller has been :-) Cheers Wan :-)

[brasso3] 24/4/2020 13:35

Matt

O/T Are you still in RSG? It has not moved up much in line with the rest of the gold miners.

[wanobi] 24/4/2020 13:32

took a couple of hours away from my screens,,, so, many thanx all for your posts, much appreciated,,, I've quickly scanned through them, especially your long one pogue, but I shall re-read again over the weekend :-) cheers Wan :-)

[mattjos] 24/4/2020 13:31

That will give Gold plenty of time to keep moving upwards

[jbravo2] 24/4/2020 13:25

Hey we’re all baffled gf but here we are
I suppose it’s a composite of many reasons but for now we remain unloved and overlooked. It is a long overlooked stock but it’s only been this bad (the disconnect between share price and the real world situation) a couple of times.
We make staggering amounts of cash, I just console myself with the fact that it ultimately comes to us via divi now we’re debt free and rewarding shareholders handsomely.

[the stigologist] 24/4/2020 13:12

how tedious

[pogue] 24/4/2020 13:11

Brasso
this is totally uncharted territory its fascinating even though it is totally ruining the industry I work in I can only watch on in amazement as the whole world is turned on its head.
We had a webinar yesterday from the a few head honchos at the company I am working at which is a contractor and they are talking about massive changes going forward in how they do business, even starting to move away from oil and gas as more towards hydrogen to tie in with the new energy source of renewable electricity. Whole new world being formed infront of our eyes....

[brasso3] 24/4/2020 12:59

Pogue

It does feel like a high stakes game of 'pass the parcel'. Except this time round nobody will want to be holding it when the music stops.

[pogue] 24/4/2020 12:56

sorry Wan never looked at TXP, at the moment the O&G companies that will survive are and low cost producers with little debt and preferably a large balance in the bank to use, be it via bank borrowing drawdown or profits everyone else its an individual basis.

Brasso
the more I read about the storage situation the more I am convinced it is going to happen again with the June contracts. There will be less storage and the traders with storage or reserved storage and the normal consumers such as refiners now know what they can do to the oil price by waiting. The only thing that can save sellers is an uptick in demand, I am not convinced shut ins or global cuts are going to change anything without that as oil is still going to be produced and have nowhere to go due to the lack of consumption and that is the oil that will set the price.

[gold finger 1] 24/4/2020 12:42

I can't believe that people are selling here.
Do they have no sense of what's going on and what's going to happen.
I expect they look at the price of gold and think its not far off all time highs and a fall is due. Well this was a good investment at the start of 2019 when gold was about $1280 and the share price about 96p.If you just take the results we have had since then for the exploration that has been going on.Then the fact that oil has dropped so much you would have to say the share price should have gone up on that news alone.
Take it that at $1280 the company was making a very good profit. So at about $450 extra an ounce it beggars belief that we are where we are priced today.

I can't see why the market would be waiting for the results to be released before they re-rate the company, when all the info is out there to see that they are going to be very good indeed.

[swallowsflysouth] 24/4/2020 12:39

Wan, I seem to recall reading somewhere or the other something along the lines that there is likely to be a shortage of gas because of oil wells shutting down. The reduction in gas produced by such a event being greater than the reduction in the amount of gas needed caused by recession. So holding onto my TXP in the meantime as there was also a shortage of gas available prior to current events in Trinidad.

[kickingking] 24/4/2020 12:23

Wan in my thread double or bust, today I have achieved my double. I will let my challenge run and see if I can double again. It only pocket money.

[lefrene] 24/4/2020 12:14

m-f, I have wondered if gold will reach some sort of 'tipping point' perhaps around $1850, and then shoot to circa $2,500, perhaps connected to paper holders demanding physical delivery? Which would indicate loss of confidence in the dollar and also perhaps loss of confidence in the State's ability to manage the economic situation.