Anglo Asian Mining Share Discussion Threads

[walter walcarpets] 23/7/2020 15:37

Nice bit of news for EQT shareholders...

[onedayrodders] 23/7/2020 14:03

Another 1.4m unemployed in the US

Load up with Gold and Silver miners

[donald pond] 23/7/2020 12:49

I agree, I think the spread is an issue in that it puts off some potential new buyers, but I saw on twitter that one PI had trimmed yesterday and if they had bought much lower down they could easily be material in terms of day to day volumes. I believe once the market realises the implications of getting higher grade ores from the down dip the rerate will continue. We have plenty of catching up to do!

[supercity] 23/7/2020 12:41

Supply and demand - that's all.All the talk of a seller being in the wings for months and months yet no holdings rns just doesn't make sense.

[mattjos] 23/7/2020 12:39

why this constant obsession that the price is somehow being manipulated? It isn't.
It is just called consolidation & nothing else

[gold finger 1] 23/7/2020 12:07

Funny how share price Angel were always putting a price well below what the share price was.
Now they have it a long way above the SP?

The price went up early doors because of production success to 140p.
It matters little that the price came back from such lows because as you say there was a forced seller,so that was the only reason it went so low.
We have had a seller here for a long time, also a buyer and the share price has been kept in a tight range, WHY? for the buyer? Well they haven't kept it down for the seller have they.

But AAZ are very cheap, that i doubt anyone can argue against.

[2sporrans] 23/7/2020 11:54

rota

Spot on about the JORC report delay.

From the 2018 reserves article - on the AAZ website - i've referred to a good few times
over the past week [This span out of the summer 2018 JORC for the main pit]:

"2.3.Site Visits
Datamine consultants developed and audited the Gedabek Mineral Resource BlockModel for the Gedabek open pit.
Datamine engineer, Kayvan Samadani,worked on the reserves and was able to verify work practice and procedure.
Kayvan has completed more than twenty trips to Gedabek since January 2014, comprising of more than 100 days onsite(38 days as part of this Reserves run).

...................
.......

"The CP, Dr. Stephen Westhead, is an employee of the company and as such has been in a consistent position to be fully aware of all stages of the exploration and project development. The CP worked very closely with the INDEPENDENT [ts-CAPITALS] resource and reserve estimation staff of Datamine, both on site and remotely, to ensure knowledge transfer of the geological situation and to lend geological ‘credibility’ to the modelling process."

Datamine are the independent 3D/4D resource modellers hired by AAZ; they are key to
the generation of JORCs.
They are not based on site, as the above makes abundantly clear.
Their numerous site visits, to further their resource database and other work that
makes up the forthcoming JORCs for main pit + Gadir have been compromised by the
virus related strictures in place the past 4 months or so.
Those will be the national lockdown ones, AAZ's and Datamine's own.

[brasso3] 23/7/2020 11:33

New ECR interview out later this afternoon. Maybe some progress...

[katsy] 23/7/2020 11:18

Anything at these levels are a bargain, PE of 9. Horse, gift and look

[return_of_the_apeman] 23/7/2020 11:06

Jorc was delayed due to covid restrictions preventing 3rd parties from getting on site / into the country

Am expecting the jorc to be published in august and we know it will significantly upgrade the resources

[pogue] 23/7/2020 11:06

POG I sold at 30p and am still happy with that there is still uncertainty and in Russia that's a dangerous thing, in the UK I would assume everything would be solved and fundamentals prevail. I re invested the money in other gold and silver companies and bagged a nice 30% or so profit in POG, in the end its profits in the bank that count others can disappear.
My punt amount at 29p was put in for a short term gain as I felt short term gold price would trump internal politics, probably not holding for the vote as I am not sure which way it will go, will reassess nearer the time.

[brasso3] 23/7/2020 10:48

ECR nudging up. News soon?

[riggerbeautz] 23/7/2020 10:47

No position in POG but if I held, I’d be taking the safe option until it clears up too.

[qazwsxedc69] 23/7/2020 10:45

KS - I'm exactly the same as you - sold between 27-28p having built a decent stake averaging 11p. Still wouldn't touch it with a barge pole at the moment though and I would question those that do - too much going on and too complicated, and thats only what we KNOW about.......

[gold finger 1] 23/7/2020 10:38

Baddel

Well do you really think that JORC which was due many months ago should have been held up for so long.

Do you really believe that gold has gone up $440 and the share price has not moved normal.
Can you really say that every and i mean every RNS has been that bad every one has seen a drop in price?
Also have you not thought it strange that the amount of large stock being sold and bought.

Well if all that's a pipe dream its a very big coincidence.

But we are all entitled to our opinions, and how we see things.

[wanobi] 23/7/2020 10:35

thing is KS, the next time you're in doubt and get out it might just save you a packet,,, so nothing wrong in what you did at all,,,,, understand how you feel though,,, PTAL was the same for me LOL cheers Wan :-)

[king suarez] 23/7/2020 10:31

Feel a bit of a dummy selling my POG shares for around 27p, but felt uncomfortable with the risks. More angry really as I wanted to hold and these boardroom shenanigans p1ssed me off as it just put a great deal of uncertainty into the mix of what felt like a straightforward easy investment decision previously. Still keeping my eye out to see what happens at the next meeting, as a learning experinece if nothing else..

[gold finger 1] 23/7/2020 10:27

jaspoland

i can tell you now the market makers have held this back for one reason and one reason alone. A controlled transfer of stock.
I can't believe more people have never picked up on it.
You only have to look at the facts.
Same share price as one year ago. Gold up from 1424 to todays price of $1882.
Every RNS has been met with a drop.
Well if you cant see the share price has been being controlled i can.

[baddeal] 23/7/2020 10:25

Gf1 your speculation around buyer and seller is a pipe dream. Companies don't watch share dealing, they pay little attention to who is buying and selling on a day to day basis and they certainly don't plan their news flow on such a basis. Yes they watch who the main holders of stock are but to think the bod sit there and take decisions around news flow and stock trading is rubbish. And yes I do have some experience in this as I used to run a plc.

[ilostthelot] 23/7/2020 10:21

Yip.. Get your divi in now before it breaks the dreaded 140p!

[jaspoland] 23/7/2020 10:06

Just thinking about H2 for a minute. AAZ need to do 42k in H2 to match guidance. If they did that at $1800 that's 75million turnover. Looking back at full year results we did 95million for the whole of 2019. The heaps should be easy work as well allowing them to concentrate on more exploration.

If they pull this off then the market has completely got this share wrong. Over to you AAZ to prove them wrong

[katsy] 23/7/2020 10:03

Looks like our seller is still there, tracking and matching any large buys. Whoever they are they can't have a limitless supply

[gold finger 1] 23/7/2020 10:01

crazycoops

Well they may as well include the most undervalued gold stock out there also.

[gold finger 1] 23/7/2020 09:54

This management is top notch.
They have been getting low grade gold out the ground in the first half of the year,when prices were good. Now we are into H2 and we are told production will catch up in H2. So producing more when the price will be a lot higher.
That is what i call great management.