Anglo Asian Mining Share Discussion Threads

[mattjos] 04/3/2016 15:34

nice link 2sporrans. Thank you .. I might try and put that in the header actually.
You are quite right. Gold in EUR. Now that it has passed €1,1150 / oz, you would expect everyone to get the message!

Look at the chart for South Korean Won !

[2sporrans] 04/3/2016 15:19

Good point about inflation Mattjos; lots of contrasting perspectives depending on where folk live or wealth is stashed.
The dive in the POG just after the US jobs release and then the hefty rebound - on reflection that the remuneration figures were very depressed - seem to underscore just how much US-European-Japanese investors are looking at gold as an asset to hold in deflationary times.
But yes, in several nations, currency depreciation has been quite staggering; likewise inflation.
It's interesting to look at the price of gold in various currencies; put yourself in the shoes of an investor orientated towards them. Take the Indian Rupree [India and China way, way the 2 biggest consumers of physical gold]:

hxxp://goldprice.org/spot-gold.html

Look at the breakout in Rupee terms!
Play with the currency button....spin Euro
There's been a Bull market in gold since end of 2013, priced in Euros.
OK, so buying the $ or $ assets would have been the better play since then.
Nonetheless, right now, one can see the attractions of gold and various plays thereof.
If AAZ can just keep its production/costs/reserves steady state the next few months, almost surely a big revaluation upwards; that's even if the POG ends up going sideways on a ~$1200/oz trend.
Right now, looking more rosy still.

[mattjos] 04/3/2016 15:05

Copper now at $4,960 also and silver $15.64 .... most folk yet to catch on to the leveraged effect this is going to have on the AAZ business model

[mega_trader] 04/3/2016 14:54

Gold the ONLY safe haven. Good news for AZZ. AZZ going to re-rate back to 20p imo

[jbe81] 04/3/2016 14:48

Gold flying

[mattjos] 04/3/2016 14:26

Manat really under pressure in Az. Manat deposits have dropped 10% in the country now. They've had to raise interest rates once again today to try and combat the currency decline. Try telling the average Azerbaijani there is not inflation! Venezuela, Brazil and many other countries seeing the same now .. hardly surprising to see Gold attracting investors keen to try and protect their wealth. Cant see this trend slowing down any time soon this year - more likely to accelerate & as gold continues to climb irrespective of the market indeces, more and more people will want to climb aboard the trend.

Gold C&H chart gives $1,330 as the next target

[timberwolf3] 04/3/2016 13:58

non farm payroll data a lot better than expected, they tried a shake down on the gold price, but it's bouncing back up again.

[mattjos] 04/3/2016 13:11

hard not to get much enthused by the chart here now :-)

[terropol] 04/3/2016 11:38

Got a few more here today. 20p here we come very near term...
Gold $1300 knocking on the door...

[mattjos] 04/3/2016 11:22

USDAZN: 1.60 today ... now another 3% weaker than when the devaluation took place

[pixi] 04/3/2016 10:56

Gold 1272.90 +9.00.

[resourceful] 04/3/2016 10:44

oh happy days

[jbravo2] 04/3/2016 10:02

I think Reza might get his money back at mid year after all.
Can't think of a single miner better positioned to gain massively on mkt cap than here.
I'd welcome anyone watching from the sidelines to let me know if there is one!

Looks like it's well over 7p now

There's plenty to go here. Just a few months ago we touched 3p and we were 4p only weeks ago.
Plenty has happened in the last few months
Lets look at a couple of simple things...
we've had the manat devaluation and the gold price increase.
If the manat devaluation is worth a conservative £4m and the gold price £5m a year then that should have added 8p to the share price. They all have a direct effect on the bottom line.

Of course there are many reasons why even that is a massive undervaluation but I suppose I'm biased. It happens when you have as many shares as I do :)

People can then start on the deductions made when it was feared dilution or closure was an option, or perhaps the extra the flotation plant should add. The reduction in overall costs he flotation will make. The distressed seller who was offloading regardless of price. The list goes on and on.

[mattjos] 04/3/2016 09:49

2sporrans .. what a great name!
Gains from the sector leaders (such as HOC & FRES) will be rotated into the smaller producers as the run in gold continues.

The buyer will have to bid over 7 soon in the auctions or, buy in the open market, else miss the boat entirely

[mattjos] 04/3/2016 09:33

Cantor and Shore have been working together to try and flush out the seller and accommodate the buyer at under the 7p level. Buyer has not yet indicated he is willing to pay 7p+ and in any case, the 7p seller did not indicate a willingness to sell this morning ... hardly surprising given the move in gold.

Meantime, the market looks like it soon force the buyers hand now

[jbe81] 04/3/2016 08:59

Looks like seller maybe gone and we are moving up

[2sporrans] 04/3/2016 08:42

Interesting to reflect on when the POG was heading up through the ~$1200-$1300/oz band back in 2010. AAZ prices stuck around 17-18p for much of the late winter and spring months, before letting rip.
yes, different back then as little debt but the price is hugely discounted now and the plant starting to justify its expense.
See some parallels with what happened through 2010; how the minnow producer prices lag the rises in the big when gold makes a convincing rally.....as it now appears to be.
Added at 6.85p.

[jeanesy] 04/3/2016 08:25

Allbuys and no tick up.. how many will it take ?

[mattjos] 03/3/2016 21:57

availed myself of a few more yesterday at the mid-price but, not available at or below the mid price today I'd be surprised if the MM's can keep this flat tomorrow but, who knows .. its being held to try and facilitate a deal for someone by the looks of it.
The Gold chart remains very bullish at present and so too Copper and Silver. The Manat again weak today.
for me, 6.75 remains the key pivot into the next 7-10p near-term trading region.
Plenty of the regulars here should have managed a circa 5p average in some if not all of their holdings by now so, selling some at 100% gain is a common enough tactic + the 10p psychological level will be the next brief resistance point.
Feb this year saw the third highest volume traded in the stock since listing. You have to go back to 2010 to find two months with higher volumes

[brasso3] 03/3/2016 21:45

Gold breakout confirmed. :)

[terropol] 03/3/2016 21:39

All good things come to those who wait....

[jeanesy] 03/3/2016 19:04

This is bonkers.. why are we not moving up ..!! Are we not producing any copper or gold?!!!

[jbe81] 03/3/2016 17:54

Gold could move up again tomorrow afternoon, should take 7p out, then 10p will follow

[pixi] 03/3/2016 17:52

Gold is going for it: 1257.40 + 17.90.

[mattjos] 03/3/2016 17:31

seller is sat at 7p for 300k and the buyers at 6.61 .. buyer has been steadily moving up from the 4.5p region but, has still not found any volume in the auctions.
This will start to move, imo, when one of the auctions results in a chunky UT at 7p+ .. until then, the MM's are ensuring it stays here with a wide spread to try and match up the buyer and seller & deter any traders