Anglo Asian Mining Share Discussion Threads

[wanobi] 01/5/2020 15:59

and some more :-) LOl Cheers Wan :-)

[wanobi] 01/5/2020 15:57

got some, cheers Bumpa :-) Wan :-)

[bumpa33] 01/5/2020 15:50

EVG bought a few back @ 9.6, very very well bid right now 150k/250k, no offer...

[wanobi] 01/5/2020 15:00

well done Rb.... :-) Cheers Wan :-)

[riggerbeautz] 01/5/2020 14:51

Wan far too over excited, starts slow and gets better.

B.t.w cashed out TSG for a churn trade.

[wanobi] 01/5/2020 14:50

thanx ODR,,,,, indeed :-) Cheers Wan :-)

[wanobi] 01/5/2020 14:50

waahhayy, the book just arrived Rb :-) Cheers Wan :-)

[riggerbeautz] 01/5/2020 14:46

That reminds me of the Totnes pound.

Orph looking good and jeanesy you little ramper, wouldn’t want to be out for the weekend lol

[wanobi] 01/5/2020 14:41

hmm, YIKES,,, now that's an interesting development Bumpa,,, cheers Wan :-)

[bumpa33] 01/5/2020 14:30

Italian town starts minting it’s own currency...

[jeanesy] 01/5/2020 14:23

I decided to take a small position in ORPH this morning. Looks like a smart move so far. Im hoping they might join the COVID stocks that are rising strongly. Time will tell but it looks a very interesting COVID play.

[mr roper] 01/5/2020 14:09

Orph - looks like it wants to break higher
Mcls - also looks like it wants to start the next leg. Buying above 200ma now.

[2sporrans] 01/5/2020 14:08

I haven't much confidence in predicting where the POG will be in 5 years; too many variables and feasible scenarios afaic.
However it is banal to trade AAZ based on daily POG movements; of that I am certain.

Looking at some moving averages, 14,30,60,200 days... they are all heading up and pretty steeply too.
Let the trend be your friend.
Given the 200day ma is ~$1535/oz and AAZ's 2020 revenue forecast is based upon an average POG of $1480/oz, I'd say:

It's shaping up to be a stonking Q2 and given the bull market remains in tact, even with a sharp correction some time in 2020, the 2020 actual revenues should comfortably exceed the 11Mar20 forecast of $100mn +. [note the "+"]
The one big proviso being, of course, that the Gold production comes in at or close to 65k-oz; the target being 65-67k-oz.

Sure, we are all wanting to see JORC-LOM update and more clarity on strategy too.
At least our odds of being given these and to our satisfactions are a lot better than from most companies [their forward guidance that is], not a few PM stocks included.
Meanwhile the abundant cash keeps on coming and the bank balance swells.
Nothing to lose sleep over.

[bumpa33] 01/5/2020 14:05

VAL - Christ people must be daft or can’t read?

Closed CGNR at the mid for a turn, total lack of interest in it, expected more dribble of sells.

[onedayrodders] 01/5/2020 13:52

Wan ..sent you a private message

[donald pond] 01/5/2020 11:53

I'm not at all saying that I think POG will fall, rather than the price of gold is like a supertanker. It takes a long time to turn around and when it changes direction, the trends tend to be wide and last for years. I anticipate gold will be $5,000 within 3/4 years, but you need to be honest with yourself about your timescales, because within that there will be swings of 10%, so you need to decide now whether you are going to swing trade around gold or take positions and hold firm (and if you are investing in AAZ, I assume the latter). But although we all do it, fretting about the daily movements of gold is neither here nor there for AAZ.
But give us some bloody news guys!

[skeptic1] 01/5/2020 11:43

Oh yes, I know what you mean, every company has risks.

What I'm saying is: pog has not exactly dropped significantly, yet here we are down quite a bit. Where's the rationale for that?

[gold finger 1] 01/5/2020 11:35

skeptic

I would not say POG being at $1600 or 1700 would be a big profit.
Even at 1400 i would call it a nice profit.
The risk here is the LOM and whats going on with those talks.
We are led to believe that the LOM will not be a problem, But the talks we are in the dark about.
We have had info that we have a predator that won't go away, but again we are in the dark with that.
So that news when it comes could be where the risk lies, or where the news could explode the share price north.
But their is always risk with any share,no matter how big or small.

[lefrene] 01/5/2020 11:26

m-f, the way money is being printed just now I can't see gold going out of style just yet. There is one factor however that might see a drop in gold prices, and that is the situation in India, and perhaps also in China. Both countries have a lot of gold in private hands where it is used as a savings medium, and right now in India gold is being used as collateral for loans, and perhaps China too, to get through this hiatus, that collateral could get sold if there are many defaults on loans.

Perhaps the CME is out there desperate for gold to cover their backsides? So perhaps they would be mopping up any loose supply?

[mad foetus] 01/5/2020 11:20

Look at gold on the monthlies. I don't think it will happen but it could drop back to 1500 and the trend would still look as strong as in the 2008/9 "lift off" period.

[mad foetus] 01/5/2020 11:18

Pearls before swine (Don't really mean that!)

[skeptic1] 01/5/2020 11:17

Is it not true to say that whether POG is 1600 or 1700 the impact on AAZ is either a 'moderate' profit or a 'big' profit. In essence, the actual POG isn't that important to us other than making more money? Obviously that's good: but we are a cash generative, debt free business? Where's the risk here?

[spidertricks] 01/5/2020 11:11

Gold finger1 yes I think I read the other week someone saying that they expected gold might drop to $1640 then kick back up again to new highs.

[gold finger 1] 01/5/2020 11:06

Most pundits said that gold would drop before it started to rise again.
Someone is happy to sell,giving us a chance to buy some of them.
Every pound invested today will be worth 2 at some point in my opinion.

[gold finger 1] 01/5/2020 10:59

A few more for me. Not a lot but they all add to the pot.
I would say at a 5% yield better in here than sat in the bank, no matter how few i added.