Anglo Asian Mining Share Discussion Threads

[mattjos] 08/3/2016 13:51

Total Issued Share Capital (with no shares in treasury): 112,661,102

43.917% of shares are held by Directors & Limelight, leaving 56.083% in non-notifiable hands.

Mkt Cap of £8m or $11.36m

Long way to go before fair value is even remotely reflected in the price

[jbravo2] 08/3/2016 10:51

The fifth of the 14 scheduled payments to ATB must have been made by now. It was due 25/2 and we've heard nothing so the payment which is hardest to make (due to production and weather etc) has been made without any drama.
None was expected really but satisfying all the same.

Continued manat weakness and gold strength mean this could be the transformational year.
Was kind of expecting it to take a couple of years but if we bring up 70,000oz with a margin of $500, which it now seems is entirely possible, then we'll repay the majority of the debt in one year.

We'll be 50p this time next year and receiving first dividend if that is delivered IMO.

[mattjos] 08/3/2016 10:03

USDAZN set at 162 for 9th March .. now virtually 6% above the initial devaluation level of 155 & breaking out from the recent 3 month range

[philo124] 08/3/2016 07:36

Gold $1270.

[pixi] 07/3/2016 21:31

The key thing is that AAZ is selling into rising prices. Gold is up 20%, copper is up. What's not to like?

[zhockey] 07/3/2016 14:49

Why did you buy shares then?

[resourceful] 07/3/2016 14:41

guys
AA is not dependent on world gold
It is reliant on profitable gold extraction,grade,volume
things it has never been able to control

[zhockey] 07/3/2016 14:41

I do not disagree, however sentiment can change quickly and I would not be surprised to see gold drop $100.

[mattjos] 07/3/2016 14:35

yup, probably zhockey.

The fact is, we never dealt with the root cause of the problems back in 2007/08 & the central banks strategy is becoming ever more desperate but, each new effort produces less and less +ve effect on the global economy. Just how low are they going to try and drive interest rates to try and persuade folk to borrow yet more debt in the quest for growth?
What will be the effect on people when the majority wake up and find they are having to pay their bank for keeping an electronic balance in their bank account and, at same time, be told that cash transactions generally are no longer allowed?

The instinct will surely be to try and hold something tangible that might at the very least maintain its value (& likely increase in value) rather than leave the money in the bank and at the mercy of 'the system'.

I still very much believe that the global economy will have to revert to the 07/08 crisis condition at some point, only this time the crisis will likely be amplified by the additional debt issuance over the intervening 7-8 years.
Quite sure that I am not alone in that belief.

[zhockey] 07/3/2016 14:21

Matt, there is probably an element of hedging behind the commercial short figures.

[pixi] 07/3/2016 13:36

It seems to me that people are buying value instead of putting their money in a bank to earn a miserable interest rate, or where they pay the bank to look after their money (negative interest rates). The financial system is stuffed and the people in charge want to control everything. You know things are bad when German banks are told to hoard cash. How long is it going to be before the banks come crashing down and people cannot get their money from the hole in the wall machine - it's already happened in Cyprus and Greece.

[mattjos] 07/3/2016 13:06

if you believe all this COT data, the shorts are all piling in on Gold at present. What happens when they decide enough is enough and do actually start to close them out and take the other tack??

[zhockey] 07/3/2016 13:02

I wonder how much of these moves are shorts closing. It's hard to define a narrative where lack of confidence in the world economy is driving up iron ore by 20%

[terropol] 07/3/2016 12:24

ION ore up 20%... highest move for one day on record. Copper also pushing up strong...

[mattjos] 07/3/2016 12:20

maybe .. lets see how it behaves if the indexes all now start to rollover and what the Fed does this month with interest rates

[zhockey] 07/3/2016 12:10

Yep but gold could easily retrace 50% of the recent rise before moving up further. 20% in two months is unprecedented and we should expect a pull back.

[mattjos] 07/3/2016 11:58

even with the interest rate rise in Az, the Manat is still dropping. Today it has broken out to new lows against the $.
Now 4% lower at 161 v. the 155 it was devalued to last December

[mattjos] 07/3/2016 11:55

folk still don't seem to get it. Gold is likely remain in demand all this year.
Between now and June we have the risk of Brexit .. if Europe even holds together that long.
After June then all attention will go to USA & the risk of Trump getting in to power!
Europe look likely to go even deeper in Negative Interest Rates this month to try and spur on the economy but, the deeper they cut the more people are deciding to save more.
Now there are plenty of evidence to suggest that governments are looking at taking much more draconian steps to stop the use of cash and make all transactions electronic only, supposedly to prevent crime but, who is really buying that reason?? Once cash is limited then how can you protect your money or stop your wealth being confiscated as part of a Bail-In rescue programme?
Gold's increase in price is still only getting started, imo.

[pixi] 07/3/2016 10:24

The rise in gold is down to a loss in credibility in the world's financial system.

[mattjos] 07/3/2016 10:20

as if folk need any more reasons to shelter some of their wealth in gold.

[mattjos] 07/3/2016 09:31

Gold still resolute in its rise

[jbe81] 07/3/2016 09:07

interesting none sold in the auction, could be set for a rise

[terropol] 06/3/2016 23:05

Jeanesy, base rates have gone up over there...not easy to drop our rate....

[jeanesy] 05/3/2016 17:01

A great week for gold , although it did lose some of its gains late on friday, but only a slight rise here. Yes I know we should be patient but with POG, copper and silver doing better, savings of up to $1 million dollars per month because of the manat devaluation, much milder weather in the region( and more importantly no snow) we should be much higher than this surely ?! lets hope for continuing strength and better production figures in a couple of weeks time. Also where is that news about a possible discussion with the government about the terms of the loan being changed for the better?

[mattjos] 05/3/2016 15:53

fwiw:


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