Anglo Asian Mining Share Discussion Threads

[riggerbeautz] 21/6/2020 10:36

Morning Wan, I recognise that trader chimp, might have come across it before, do think you would enjoy “The way to trade - better” by John Piper it’s a follow up version to the original and draws on a lot of psychology, as part of his 5 trading pillars; also he’s a chart led disciplinarian with his ZeitGap

[gold finger 1] 21/6/2020 10:27

Well we all have our ideas what we think might happen.
Who would have said that the markets would go up so much from the march lows.
Has AAZ followed the market up,no.
Have we seen companies rise more than AAZ that have been closed down for months,yes.
Have AAZ been making record profits in this time,yes.
All i can say is AAZ have not risen in the last year.
It's easy to say AAZ will follow the market down.
Just as easy to say it will follow the gold price up or down.
Well it has not been following much of either the last few months.
I will stick with a company that is making record profits and paying me a healthy divi.
The rest is just opinions.
It will do one of three things, go up,go down,or go sideways.
I am happy with two of those outcomes,as even if it continues to go sideways i get a very nice divi for my money.

[mad foetus] 21/6/2020 09:50

Shadow trader this week says he thinks gold is likely to break up. Technically I've not seen anyone that is bearish on gold though some think there may be serious resistance at 1800

[dozyduck] 21/6/2020 06:42

You're deluded if you think charts work for a share driven by news.

[11_percent] 20/6/2020 21:59

GOLD

Mattjos
19 Jun '20 - 17:29 - 21844 of 21864
0 1 0
ODR .. I have been following & plotting that exact chart … very interesting indeed:

===========

The line (arc) very lose to Mattjos line.

This current Weekly Gold chart shows how the price has stayed glued to the GREEN Fibonacci Price Amplitude Arc and how clearly these levels act as real resistance or support.

[lhoskins] 20/6/2020 18:37

Best book I have ever read. Rich dad poor dad also a must read.

[callmebwana] 20/6/2020 17:55

Wan,thank you for your prompt reply.
Yes I don't have to worry about the SIPP etc. Then again I needed something to keep the grey matter going. I don't advice you as such. I am not qualified to do so.
Matt..M/F..Bumpa..RB ...plus all the others.
They share their experience and expertise here with you.
You have come a long way in the 23 months.
I think you are a great guy and I wish you all the best.
Let us see how AVCTA preformes in the coming days.
ATB.
Oh' after watching the film I can hear YIKES!! YIKES !!

[onedayrodders] 20/6/2020 17:25

Mattjos19 Jun '20 - 17:29 - 21844 of 21860

Indeed matt and a very teasing finish around $1745 ... had a quick look at $1750 to before falling back.

ODR

[wanobi] 20/6/2020 17:13

many thanx cmb,,, I shall go find it & watch it asap :-) for sure :-),,,, yes, true, I was slow on PUR & POG :-),,, such is life :-) LOL,,, no problem with anyone telling me when I get things wrong, especially if it saves me from a big loss such as AAOG,,, in fact I believe we can learn as much from our mistakes as we can from our successes in this game,,, its essential to understand why things don't work out and learn from the experience :-),,, however, I will say it again, I only judge making money as my measure of success and I will only keep playing this game if I continue to consistently make gains,,, I'm not too bothered by good or bad decisions along the way as long as I'm adding years of retirement to my SIPP :-),,,,

as for a big crash and getting back to cash and the timing of all that,,, yes, that does interest/concern me and I do need a strategy for it :-),,, as for AAZ,,, I used to feel very confident holding it,,, but these days I'm finding it harder and harder to keep the faith with the whole PSA/AZERGOV mystery hanging over it.... if I listen to my head it says hold, management will do its best for shareholders because they are massive shareholders and that's how they've behaved so far,,, but, if I listen to my CHIMP, he's screaming at me to take some profit off the table,,,, but then he's been doing that for a long time now :-) LOL...

Fingers crossed for you on the residency application, hope it goes smoothly,,, enjoy your beer at the bar,,, oh how I wish I could go and do that right now :-) LOL,,, have a great evening cmb and once again, many thanx for all your support...

Cheers
Wan :-)

btw,,, if you have not read it..... re CHIMP

The Chimp Paradox is an incredibly powerful mind management model that can help you become a happy, confident, healthier and more successful person. Prof Steve Peters explains the struggle that takes place within your mind and then shows how to apply this understanding to every area of your life so you can:

- Recognise how your mind is working
- Understand and manage your emotions and thoughts
- Manage yourself and become the person you would like to be

its an excellent book which enabled me to change my life around a good few years ago now :-) LOL

[callmebwana] 20/6/2020 16:35

Wan,this should interest you,"For The Love of Money" a documentary by BBC.
It is a film about the 2008 market crash. About 1 hour of watching. Very informative film it is too.
Well, you were always talking about black swans !! I think before long you are going to have to contend with 2 black swans .
CoVid-19 and the market crash. That will happen for sure IMHO.When is the $64 question. How are you going to prepare yourself for the inevitable ??
Don't forget to keep an eye on the banks REPO rate graph either.
Now,I did post about PUR and also posted links as to why it was considered to be a good investment by a market analyst.
The price was 36P,then. There was POG too. I think you were a bit slow in acting to invest in both. Anyway you know quite a bit about the investing game by now. I can only mention some little mistakes made by you. I hope you don't mind me pointing this out to you.
I and all the other investors do the same too. We all make mistakes.
M/F does come with quite a few good ones too. I am not a trader at all. Though I have learned to pull the plug on most duffers these days bar AMC. Let us see what AAZ gives us next week.

Holding cash can be a very prudent action too in these times IMO.
These times are very strange times.
Who knows fully where this world of ours may end up !!
I am at the bar and just killing time.
It is getting hot by the day and I have a lot of burocrats to deal with next week !! Residency documents and a lot of
running about to do.
Have a great weekend all.
ATB.

[pogue] 20/6/2020 15:11

Brasso
I reckon there may well be another round of CV19 stocks going up due to increasing cases. No country can control the virus not even S Korea which is very well organized at track and trace. However the people of the free west will not accept the restrictions that Far Eastern citizens will do to control it so it will definitely make new appearances. So expect outbreaks everywhere for at least 6 months after a vaccine has been made that is safe to use, more in 3rd world countries as the vaccines will go to the rich countries first.

[wanobi] 20/6/2020 13:43

TXP seller info, courtesy of pro, thanx pro,,, cheers Wan :-)



North Energy ASA ('North Energy' or 'Company') records a loss of NOK 55.0 million in the first quarter of 2020 compared to a loss of NOK 2.8 million in the same quarter last year. The negative result this quarter is driven by significant decrease in market value of investments due to the drop in oil prices and the Covid-19 pandemic. The Company's cash position as per Q1 2020 is reported NOK 133.6 million.

In April 2020, the Company received a letter from OTO stating that all outstanding tax issues are closed and that the original submitted tax returns for the years in question has been accepted without any changes. Based on this, the Company has removed the restriction on the cash held to cover the former claim.

North Energy's total investment portfolio is per end of the first quarter NOK 115.8 million, measured at market value. The portfolio consists of industrial holdings, listed financial investments and other financial investments. The industrial holdings include the Company's shares in Reach Subsea where North Energy is the major shareholder. The listed financial investments consist of shares in Touchstone Exploration amongst others. The interim financial report for the first quarter 2020 is available IN THE LINK BELOW

[mad foetus] 20/6/2020 13:43

£140 a test for people coming back to U.K. airports is absurd. Has to be low cost, quick results and non-intrusive

[wanobi] 20/6/2020 13:41

FWIW,,, I still think a fast acting, accurate, throw-away (safely), low cost saliva test for CV19 will be required, especially in the USA,,,,, to assist businesses coming out of lock-down,,, testing all employees at the door to the office / factory / shop / restaurant / bar / cinema / dentist / doctors / barbers / etc etc,,,, also, for customers etc etc... the numbers could be mind blowing :-) now, where could one get such a test I wonder :-) GLA Cheers Wan :-)

[wanobi] 20/6/2020 13:36

Good afternoon all :-) Cheers Wan :-)

[brasso3] 20/6/2020 11:24

I expect we will see the markets roll over in July/ August. I hope AAZ breaks out before that as I can see us getting pulled down with it.

[brasso3] 20/6/2020 11:04

I wonder if we will have another round of Covid19 madness on stocks. The virus is on the increase in the USA and also many other places like India, Brazil, Russia, Mexico... I was starting to think the crazy increases in the small caps was over but now I am not so sure.

[droyden] 19/6/2020 23:25

We are certainly due some clarity!

[jeanesy] 19/6/2020 21:23

Even though the AGM is being held behind closed doors i'm sure we will get some news from the company next week . Have a good weekend all

[pantsonfire] 19/6/2020 20:56

Happy weekend to one and all. And Wan, please don't forget to look up PXC. They're due to issue their drilling results any day now....