Anglo Asian Mining Share Discussion Threads

[mattjos] 25/2/2016 10:33

on target ... those times don't seem right to be honest but the overall process is correct. There is always one at 08:50 for example

[gary38] 25/2/2016 10:29

Gold price moving up steady towards 1300 as concerns widen of possible looming recession leaving gold as a safe haven for investors spreading their risk, where as in the past investors would put there money in saving accounts which today has no investment logic.

[on target] 25/2/2016 10:29

Thanks Mattjos, so the auctions are at 8am, 11am, 3pm and 4:35pm.

[gary38] 25/2/2016 10:22

Oil might have bottomed out but l think it's to early to start buying into oil companies until demand starts out stripping supply and glut starts declining. Storage and transport costs are going up making investment harder to justify .For the uk it's cheaper to import oil than to get oil out of the North Sea .

[mattjos] 25/2/2016 10:18

AAZ trades on SETSqx - Stock Exchange Electronic Trading Service - Quotes & Crosses.

Look up how SETSqx works on Google and you'll find plenty of info on how it works.
More here:

[on target] 25/2/2016 09:50

What times are the auctions Mattjos? Can you see these on standard level 2?

[mattjos] 25/2/2016 09:28

no problem ilostthelot .... no thoughts on oil myself. still so many geopolitical catalysts around the world to make me feel that oil has even bottomed yet.

Over 1m on the morning auction here today at prices form 6 to 6.5 .... first sign of a seller in size is at 7p before the chunk at 10p.
Slowly the bid is rising. All the sings remain in the auction and not trading outside that period

[ilostthelot] 25/2/2016 09:14

And if debt comes down the Share price is likely to reflect that by the EV staying the same.

Ot Does anyone else think it's a good time to start buying into oil companies ?
I don't have a great deal of knowledge in many oiler but I'm considering drip feeding some money in any suggestions for me to look at would be appreciated. Hope that's alright posting this Matt I know you run a tight ship here.

[on target] 25/2/2016 08:33

Don't think people get the leverage on offer here. EV is currently around £42m. If EV doubles the shareprice goes up 600% from here.

[wilk1] 25/2/2016 08:23

Risk/ Reward at this price certainly favours reward at anything upto 12/15p. Only a fool would sell now ( I keep telling myself )

[mattjos] 24/2/2016 23:58

6.75p was the defining pivot in the share price here back in 2008/2009.
After jiggling around that price level for 7-8 weeks, it finally broke out in the fourth week of January 09 with above average volume of 4m traded & then went on to over 80p in the subsequent 23 months.

Current chart is indicating a similar break of the 6.75 pivot event is likely now in the next 2-3 weeks.

I maintain that the intra-day auctions are where the buyer(s) are looking to pick up stock in larger tranches & are starting to do so. Recent auctions have now had over 1m shares bid and the price the buyers(s) are willing to pay has been gradually inching up from the 5.25p to now 6.5p. Although the big seller still seems to want 10p for his chunk, the buyer is working his way upwards and taking in what is made available.

Those interested in buying in size might be better off instructing their broker to post their trade in the auctions rather than try to buy in the open market and suffer the stupid MM spread quoted outside the auction process. It's what i am now attempting for final modest top-up.
It's been a long, long time since we've seen such a strong bid & also a long, long time since the slow MACD close to crossing the '0' line & a long, long time since we've shown any real sign of staying above the 30 Week MA.
Taken together, it shows interest is certainly now returning to the stock for what looks like a strong 2016/17 ahead

[wimbled] 24/2/2016 22:06

I speculated, the poor weather conditions slowed the transportation of high grade ore to the processing plant.

[brasso3] 24/2/2016 21:57

Thanks Mike

I think we all hoped (expected) it was weather related. I guess we were fortunate that December was mild and they managed to produce a healthy amount of gold.

[mikeelkin] 24/2/2016 21:50

Dear All

I emailed the company and queried the disappointing gold production for January.

The response was that although they were unable to discuss specific reasons for it being 20% down on Jan 15 they did say output in Jan is heavily dependent on the weather and they did get a lot of snow in January.

My interpretation of this (and it is my interpretation) is that the weather was responsible for some of the drop but not necessarily all of it. How much of it is due to other factors is anybody's guess.

They will issue full year production guidance with the April production update.

This was from Bill Morgan. As none of the content of the e mail could in my view be construed as confidential or sensitive I felt it OK to mention it on here.

Mike Elkin

[brasso3] 24/2/2016 21:41

Gold swinging about. I thought it was off past $1250 for a moment today.

[on target] 24/2/2016 17:36

Copper bottomed?

[philo124] 24/2/2016 17:29

Should get interesting if we can breach 7.5p

[zhockey] 24/2/2016 15:30

Back in 2008 everyone was long gold and gold miners, about the exact opposite this time arround.

[ilostthelot] 24/2/2016 15:20

Gold acting as it should store of value & flight to safety. Funny when the markets tanked in 2008 everything went down , gold as well.
That was some time buying in start of 2009 I held several gold miners back then.

Kind of feels like it's going to be as good this time if not better. AAZ to over £1 if gold goes up close to $2000 in the next few years.

[mattjos] 24/2/2016 15:12

Breakdown for the Dow and S&P & FTSE

[jbe81] 24/2/2016 14:59

Suprised there is not more buying, once resourceful is gone this will be well over 10p

[on target] 24/2/2016 14:52

Breakout for gold.

[jaspoland] 24/2/2016 13:58

Looks like a coiled spring