Anglo Asian Mining Share Discussion Threads

[jbravo2] 20/5/2015 15:19

Yes there's only one seller it would seem mattjos. Once he's gone this should stay above 10p.

[jbravo2] 20/5/2015 15:16

Sorry it was Gadir I referred to a few days ago.
You're right the Gadir ore will be from an underground mine. That's why I posted I expected it to be soon "above surface" I think I said, but I suppose with hindsight that could have been interpreted in many ways. The first ore is expected in July. It is virtually copper free and will mean the amount of ammonia and copper needed will be vastly reduced. The last official estimates had it at 700,000 tons at 6g/t but that was only an inferred resource.

[mattjos] 20/5/2015 15:09

Gold bouncing off the 200dma, having finally moved above it recently & just nipped back to retest it.Greece now threatening not to pay the IMF on 5th June

[celeritas] 20/5/2015 15:02

Any update on this jbravo, it could be significant.

Whilst the reserve estimate presented here is limited to the open pit, it is recognised that there is the potential for an underground mine at Ghadir that could supplement the feed to the plants. This has not been taken into account in the schedule and may change the strategy should this resource be proven.

[mattjos] 20/5/2015 14:48

Constant buying over the last week now

[brasso3] 20/5/2015 14:05

Will Mr 1,000,000 turn up again later...

[jbravo2] 20/5/2015 13:56

What do you want to know Celeritas?

[celeritas] 20/5/2015 13:22

Any news on Ghadir yet?

[jim digriz] 19/5/2015 21:30

Indeed, results shouldn't really be a surprise. They've already given us regular updates on production and told us the debt levels. Updating a previous post...

31 March 2015 - Net debt: $50.7m (14 April 2015 announcement)
27 February 2015 - Net debt: $50.4m (9 March 2015 announcement)
31 December 2014 - Net debt: $52.4m (14 January 2015 announcement)
30 September 2014 – Net debt: $49.9m (15 October 2014 announcement)
30 June 2014 – Net debt: $46.1m (23 September 2014 announcement)
31 December 2013 – Net debt: $45.5m (28 May 2014 announcement)
30 June 2013 – Net debt $46.4m (26 September 2013 announcement)
31 December 2012 – Net debt: $28.3m (28 May 2013 announcement)
30 June 2012 – Net debt $11.9m (27 September 2012 announcement)
31 December 2011 – Net debt $3.2m (23 May 2012 announcement)
30 June 2011 – Net debt $16.6m (from 27 September 2012 announcement)
31 December 2010 – Net debt $25.5m (from 23 May 2012 announcement)

Cost of agitation leach plant: c. $45m (June 2013 announcement).

So for calendar year 2014 debt increased by $6.9m. Results will not be great but debt off it's peak according to last two announcements.

DYOR

Jim

[jaspoland] 19/5/2015 21:07

If they decide to drop on results it will be short lived. We know results will be bad but recent news has been encouraging and with a little luck and a gold price moving up over the rest of this year we will see a share price over 10p soon enough.

[mattjos] 19/5/2015 20:39

Surely due a Holdings RNS soon to try and understand who is doing what.There are only 112m shares in the company and 32m are in Reza's hands, leaving 80m elsewhere. A 1m trade is at least 1.25% of the free float ... If John Sununu is staying put then each 1m trade is a minimum 1.45% of the free float.We'll all be the last to know who is doing what with whom. Arguably has absolutely no influence over the value of the business .. Unless the price is being deliberately tethered here by Cantor in loose agreement with the other MM's. But, all the time they fix this, they also have to make a market in the stock for everybody else & there seem a few other PI's who fancy some at this price.Will be interesting to see how they move it after the shuffle .. Rush it up to try and flush out sellers or, try and squeeze it lower to achieve same. A sharp drop on results is my guess of their tactic so, will await that morning

[brasso3] 19/5/2015 20:37

Nearly 2% of the company stock traded in 2 days after hours. Hmmm surely they must be close to triggering the 3% threshold if buys.

[mattjos] 19/5/2015 20:20

Another 1m at 6p late-reported

[aaples] 19/5/2015 14:07

Thanks Mattjos... Give HL credit they did get back to me earlier with a full explanation and the ISDX.com website details. Looks like about 80,000 shares bought (nett of sells) on the Icap exchange in last 2-3 days.

[mattjos] 19/5/2015 13:41

Try this:http://www.isdx.com/forcompanies/ourcompanies/companydetail/default.aspx?securityid=17578

[aaples] 19/5/2015 12:30

I assume the same will go for sells as well!!

[aaples] 19/5/2015 12:30

Not all buys are being reported!!
I bought last Friday (trade not listed) - I bought this morning (trade not listed) apparently my broker (HL) used the ICAP securities and derivatives exchange and not the London Stock Exchange and as such we will never see the transaction!!! Another way of preventing the PI's from seeing the real picture I guess!!
Anyone know how to view these 'missing trades' on the ICAP exchange?

[mattjos] 19/5/2015 12:15

Baboon on a grape is great analogy :-)This set of results, I believe, should help ensure the market now looks beyond last year and firmly concentrates on events due this year and beyond

[brasso3] 19/5/2015 10:16

Final results due next week so maybe some additional news will be delivered.

[jbravo2] 19/5/2015 09:56

Yes it seems a little strange doesn't it wigwammer. I suppose they are doing it to make sure they keep the other MM's out of the equation. That way they can make sure they are matching all the buys with the selling for whoever they are working for.
As mattjos said, they'll run out eventually. The 1m last night was another big chunk out of it. So I'm not sure it's someone building a position, more someone leaving a position as PI's step in. Presumably the same seller as before but who knows. The only benefit it has is that at least we're getting more shares for our cash wigwammer.
Anyway, some things won't change and that includes the developments on the ground. Q3 for flotation and Gadir ore.

[celeritas] 19/5/2015 09:14

Been looking at cfep, they'll be containing it for a reason, probably someone is building a position. Now and again you'll see the trades ghost through, normally late in the day when they think eyes are off it.

[wigwammer] 19/5/2015 09:07

The mm here has the subtlety and finesse of a baboon sitting on a grape. Have they not considered that by raising the price as buys come in they may get more buying volume? Little point buying a share that will not be allowed to rise (though having said that I have bought in large quantity). Frustrating.

[brasso3] 19/5/2015 06:56

I think with QE4 looming in the USA, More EU QE inevitable in the EU and the Greek crises will be enough to send gold much higher this year.

[philo124] 19/5/2015 06:39

...within the next 5 years.

[brasso3] 19/5/2015 05:58

Terropol

Me too. Obviously for that to happen again we would need a similar rise in gold price ($1500 - $1800/ oz) but I do not think that is unrealistic either.