Anglo Asian Mining Share Discussion Threads

[mattjos] 11/8/2015 11:03

such a big drop in the Chinese economy of late, particularly in inflation and exports.
That looks worrying to me with regards global demand. The govt there now having to weaken their currency in response.
This will keep inflation very much repressed in the West for the forseeable

[brasso3] 11/8/2015 10:28

Just touched $1115.

[philo124] 10/8/2015 20:38

$ strength.

[brasso3] 10/8/2015 17:02

What is driving the gold price today. It just touched $1110.

[jarrow3] 10/8/2015 16:51

For those interested in mining companies check this Interview with Charles Gibson: Head of Mining at Edison Research

[jbe81] 10/8/2015 16:49

Am confident figures will be good, if gold can keep moving north things are looking good.

[brasso3] 07/8/2015 09:55

The Azeri press usually report around the 15th of each month so that is why I mentioned next friday.

[pjmurf] 07/8/2015 08:41

Will they be in Azeri press before then or is that just the quarterly figures?

[brasso3] 05/8/2015 12:29

We should get the July production numebrs by a week on friday.

[terropol] 04/8/2015 10:50

Wonder quantity of Gold produced in July?
I am going to guess 7.500oz
Copper plant should be coming to completion to.

[brasso3] 31/7/2015 17:11

The timing coincided with the Euro strengthening and then retreating.

[terropol] 31/7/2015 17:06

Not to much change in $ value....

[andrewsr] 31/7/2015 15:25

Dollar weakness? Common sense.....?

[terropol] 31/7/2015 15:06

What is pushing gold up??

[brasso3] 29/7/2015 20:37

Matt

I agree these things usually play out that way and share price divergence towards a known date/ news release is common. The interims will provide financial clarity, operational costs and news of the flotation plant commissioning. Not surprising therefore that this is a key date.

[mattjos] 29/7/2015 18:17

it say there is a blue arrow pointing towards a vertical red line :-)

These sort of triangles/penants usually have their apex on/around a 'key date' .. In this case the Interim results.
Suggests that the price is going to remain constrained within the converging two blue lines until the release of the results or, some other news item.
The market looks most likely to do little here until more definitive figures are released concerning the financial performance (thereby enabling more calculations to be done to determine fair price) and update on the flotation plant.
That and the summer doldrums has bought trading in the stock to a virtual standstill, day to day.

[jbe81] 29/7/2015 15:02

What does the chart tell you Matt??

[mattjos] 28/7/2015 21:55

free stock charts from uk.advfn.com

[mattjos] 28/7/2015 21:26

Terropol .. gold may be a truly global currency, in that there will likely always be a buyer for say a Sovereign or other coinage, anywhere in the world at any time.
World debt does look out of control, in that generally income seems inadequate to service the debt levels ... as a broad brush summary of the global position.
Yet, the vast majority of folk are caught, like the frog in the slowly warming pan of water & will do everything they can to maintain their self-perceived position on the social ladder .. that means the central banks can and will be able to move up interest rates in the years ahead, even if it means most folk will have to peddle ever harder to stay still.

I suspect we are once again entering a period of what Gordon Brown described as the 'Goldilocks Economy' .. low interest rates, low inflation, high (relative) growth, high employment, falling crime etc etc. So, were he in charge, he'd likely be looking to sell another slug of our gold reserves!! At what proved the low point.
The reality seems to me that no one really knows what hell will happen as interest rates start to rise .. at what level of interest will the consumer simply buckle under the weight of debt repayments or, will the central banks find a level at which they don't quite break the backs of everyone.

AAZ cannot control the price of Gold .. the time to hedge production has come and gone, a long time ago.
They must be entirely focussed & ruthlessly disciplined on exactly what they can control, namely:

1. Cost of production. There can no real target other than, ever lower. As soon as one interim target achieved, the next lower one must be aimed for.

2. Production levels. Increase as best they can but, within the constraints of priority 1

3. Debt repayment. This must surely be a higher priority than Exploration until they have at least halved the current debt load

The govt. & banks of the country in which they operate seems to back them, the CEO is certainly backing himself and his team & so too I believe the staff are all enthusiastic supporters of the company.
All the ingredients are here for the company to flourish & grow from what should prove a short-term CAPEX peak in Q2/Q3 2015.

[divmad] 28/7/2015 07:42

So it looks like the "Nays" still have it here. The wait goes on.

[terropol] 26/7/2015 17:00

Gold is the Only truly international currency. This downturn on price can not keep going on. We just have to wait for a turn round.
World debt is almost out of control, how long can that keep going on for??
My Bet is with AAZ and his gold coming out of the ground!

[wigwammer] 24/7/2015 09:06

When bashirov was selling, purchases over the day were accumulated, the shares wouldn't move higher, and at the end of each day an offsetting sell trade would appear.There are no such sell trades appearing - hence I suspect bashirov is not selling.The reason the share price has fallen is most likely that a few small punters have got spooked by the fall in pog, and sold what is an illiquid share.Little more intrigue than that, I'm afraid.

[mattjos] 23/7/2015 13:37

Looks still that Bashirov has plenty to sell

[wigwammer] 23/7/2015 10:48

Username: resourceful.I think it's safe to say this guy has been mugged recently.