Anglo Asian Mining Share Discussion Threads

[mattjos] 01/5/2020 10:46

a seller dropped 50k this morning at 08:40 for £1.18 so, that will have given one of the MM's some ammunition to play with.
If this drop is simply off the back of Gold falling to a little below $1,700 then, it is BS.
More likely its May Day hols around the world and its a Friday so, there'll be a few looking to switch into some cash for next week, just in case we are now going to see another leg down in the markets.

As for AAZ - we are coining it in with Gold at these prices & absolutely no reason whatsoever for this drop to be very long-lived

[mad foetus] 01/5/2020 10:22

ACP breaking out, placing at a premium yesterday

[mikro1] 01/5/2020 10:18

I switched out of AAZ and into ALTYN 6 - 12 months ago as the potential for share price growth in ALTYN is greater ( though AAZ is MUCH safer, I like high risk high reward). However I think ALTYN lack expertise. I think they need AAZs help!

[riggerbeautz] 01/5/2020 10:16

Added a little bit more AA. On their dip.

[gold finger 1] 01/5/2020 10:16

So this goes down with the markets,but not up.
Also down with gold but not up.

I am with Klosters on the news front we were give about 9 months ago regarding talks.
We have been patient enough, just a comment like we are still in talks or not would be welcome.

I would say this is the start of the second leg down for the indices.
Most markets closed today or monday, so a nice chance for mister market to mark down stocks while their is no way of selling. Lets see by how much the dow is down by the time people get to sell on monday afternoon.

[bumpa33] 01/5/2020 10:11

Christ, no wonder it’s illiquid - only 18% in retail hands.

Edit: think you’d want to know a lot more about “African Resources Ltd” as they seemingly own 70% of ALTN?!

[bumpa33] 01/5/2020 10:08

ok, thanks for the reply wimbled. I note they’re paying a decent coupon at 9%.

[wimbled] 01/5/2020 10:05

B33 - Improvements only materialised in Feb 2020.

[mad foetus] 01/5/2020 10:00

Nice to see a sensible spread though!

[bumpa33] 01/5/2020 09:59

Wimbled - why so little interest in the $10m bond issue from the back end of 2019 - only $2.6m taken?

[klosters65] 01/5/2020 09:54

One crumb of comfort, might be that all the idiots like me, heavily leveraged were wiped out a few weeks ago. So less chance of spiralling domino affect and less chance of imagining that the market makers are encouraging the fall to pick up cheap shares. In the words of the immortal Wan " What a game"

[wimbled] 01/5/2020 09:53

Smart money (investors) are moving into ALTN.

Appreciate 2019 was disappointing but many of the processing issues are becoming resolved. Making 2020 potentially transformational.

For example, ore mined at Sekisovskoye during 2019 was 255,000t down from 278,000t in 2018. However, new machinery in 2020 has increased this to 29,000t a month with second upgrade in H2 will further increase mining in 2020.

+ management have target massive ramp up to 850,000t per annum with all the improvement in place.

+ the data suggest ALTN have stockpiled ore to be process later this year.

IMHO......this a watch with a small buy option.

[riggerbeautz] 01/5/2020 09:40

Agree that’s why I’m trying to focus on core holds bar a couple of short term plays.

[bumpa33] 01/5/2020 09:32

this is a fragile mkt, be wary - made a comment the other day that while the sun’s out ‘n all that - but make sure you ain’t still playing when it chucks it down.

[riggerbeautz] 01/5/2020 09:23

Not bothering with AAZ this time, no real size about, drop unlikely to last with results and newsflow not far off.

[obbig60] 01/5/2020 09:21

Can't buy even 1000 at the moment.

[wanobi] 01/5/2020 09:15

AAZ - added more :-) GLA Cheers Wan :-)

[mattjos] 01/5/2020 09:10

Also added at just under 119

[2sporrans] 01/5/2020 09:09

Just 2k more for me 118.8p

God only knows if heading for another crazy down spiral.

[avsome1968] 01/5/2020 09:09

Could still drop to fill that gap at around 55p.

[wanobi] 01/5/2020 09:04

a day is a long time in this market,,, see where we are at the close,, on many fronts :-) LOL GLA Cheers Wan :-)

[avsome1968] 01/5/2020 09:00

DDDD taking a tumble profit takers may take a punt in it.

[2sporrans] 01/5/2020 09:00

Why the accelerated sell off?

If it's POG driven, this is daft.

[klosters65] 01/5/2020 08:58

I know Management can do no wrong.However I do think that as a matter of principle, we should be told what is going on, what is planned. They don't have to be specific. Just a broad brushstroke. They are sitting on a lot of money which is the shareholders. There is little doubt that the company is going to continue to grow and be successful – so with a little information the share price would not so easily become depressed.

[wanobi] 01/5/2020 08:54

AAZ - don't forget that GAP at 113p,,, be good to take it out today :-) GLA Holders, Cheers Wan :-)


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