Anglo Asian Mining Share Discussion Threads

[brasso3] 23/2/2016 09:35

gary

People are moving into gold but AAZ need to maintain production around 5500 - 6000oz a month as we currently have a lot of debt. A 20% reduction in production from the previous month deserves some comment from the company.

[gary38] 23/2/2016 09:16

Because that buyer knows that the smart investor is moving into gold as investors look for safe haven due to uncertainty in the market place with a potential recession looming and cash in bank losses value .

[homebrewruss] 23/2/2016 09:11

Could any drop in production perhaps be weather related?

[jbe81] 23/2/2016 09:09

there is still a buyer at 6p

[ilostthelot] 23/2/2016 09:06

I agree Brasso. When we get an official RNS this will drop could well see 4p again. I'd considering selling if the spread wasn't so big. It's difficult to trade. So I'll continue to hold tight through the potential drop on the back of these results

[jbe81] 23/2/2016 09:05

Rising gold price only helps if you are producing gold, an indication problems are solved would help

[gary38] 23/2/2016 08:56

Not a time to sell but a good time to buy.

[gary38] 23/2/2016 08:54

I may be wrong but with gold prices rising and stock levels decreasing price must rise more so more reason to buy gold mining shares as they will make more profit.

[brasso3] 23/2/2016 08:51

AAZ have missed a trick here by not being more open about this. A nicely worded RNS explaining this would have been the way to go. Now the market will be left with uncertainty until the full year results.

[jbe81] 23/2/2016 08:36

Good news, 300k sells and not down by 30 per cent, yet!

[brasso3] 23/2/2016 08:34

I agree that is pretty disappointing and deserves an explanation by RNS.

[ferries5] 23/2/2016 08:21

Azerbaijan decreases precious metals extraction by 12% amid silver production soaring



4356 troy oz Gold

Well down, needs an explanation?

[gary38] 23/2/2016 05:23

A flag forming on the gold daily chart would if fulling formed would be a positive move up equalled to movement before the flag .
Looking good .

[mattjos] 22/2/2016 23:25

Brasso .. the metrics remain very compelling as we understand them but, it appears the market will still want to see it all in black & white come April.
6-7 weeks to pick up some more & the MM's will certainly oblige - if resourceful has a load to sell at 7p, they will work hard to ensure it does not get there and fiddle it down to get him & others out for much less in the coming weeks

[mattjos] 22/2/2016 22:35

jeansey .. in 2011, when this finally broke 20p, there was an unremitting seller of 50k chunks .. even on the day of the news & in the intra-day auction immediately after the news that confirmed the breakout.
That seller dumped a bucket-load that week and the price still went on to over 80p in the 20 weeks thereafter .. the selling seemed illogical at that time as it does now.
It's a market and therefore needs folk on either side of the fence. There is no point trying to rationalise it as there is such a wide spectrum of motivations governing participants' actions.

[brasso3] 22/2/2016 21:56

You are worried about 1 x 100k sell worth £6000?

If we repeat the December production figures (190oz per day) of 5300oz for February we will earn $5.5m after the government share. The market cap is still $9m.

5300oz x $1200 x 0.87% = $5.5m

[jeanesy] 22/2/2016 19:47

Those figures for Jan are now very late. We really need some good news to keep the shareprice from sliding back down again. Another 100k sale 2 day. Is our seller back?

[brasso3] 22/2/2016 18:29

A reminder of the monthly production figures from July to December for AAZ:-

July - 207.4 Kg (6668 oz)
August - 185.5 Kg (5963 oz)
September - 171.4 Kg (5510 oz)
October - 208.5 Kg (6703 oz) *Flotation plant came online*
November - 168.5 Kg (5417 oz)
December - 5710 oz (17930 oz - 12220 oz)

[on target] 22/2/2016 16:14

Could be connected to this?

[jesus405] 22/2/2016 15:59

Why no January gold production figures then? Whats the deadline anyone know?

[on target] 22/2/2016 15:13

Seems to be bouncing now after this little back test.
Copper forming a potential double-bottom as well.

[zhockey] 22/2/2016 15:01

My worry is break-down of the flag that has formed on the daily chart, hopefully this will not occur as we look seup for 100 points up if it breaks to the upside.

[gary38] 22/2/2016 14:22

Hourly charts are usually used by day traders and spread betters using leverage which is not for me as l find it very hard to spend all day trap in front of the screen and to difficult for me to make any money.

[zhockey] 22/2/2016 14:12

Sorry on my phone screen I completely misread your post :)

I was using the IG app.