Anglo Asian Mining Share Discussion Threads

[zhockey] 05/5/2016 11:29

Matt you will have to declare soon :)

[mattjos] 05/5/2016 11:25

more for me today on that drop. This price is really daft

[brasso3] 05/5/2016 11:23

2 weeks until April figures are released.

I think they will need to be back up to 5500oz if the FY target (75,000oz) can be taken seriously.

[wrighty46] 05/5/2016 11:18

Look at debt reduction and new equipment bought q1 may give an insight into cash flow available. Not an expert but hard cash is coming into the company. Certainly not running on fumes here anymore. GLA

[zhockey] 05/5/2016 10:57

Jbravo, assuming the news you hope for will involve an increase in production, how do you suppose this would be funded?

[jbravo2] 05/5/2016 09:23

Patience jbe, patience. I don't think there will be significant news that quickly but I'm sure some will arrive shortly. I reckon before the AGM is more realistic.

[zhockey] 04/5/2016 16:40

I would buy more at 6p, not hoping for it but I would not be surprised. Will be an interesting month.

[mattjos] 04/5/2016 16:35

zhockey .. those will be same people calling gold down to $800 when it was at $1,050, I imagine.

[jbe81] 04/5/2016 16:31

Auction very quiet. No chance of you getting more at 6p zhockey ;)

[zhockey] 04/5/2016 16:28

Real offer is 7.7.

Looks like everyone is calling for a correction in gold, if it happens how low will AAZ go? 6p would be a 50% retracement of the up move.

[jbe81] 04/5/2016 16:27

Cheap to buy at 8p, Matt.

[mattjos] 04/5/2016 16:03

come on MM's ... offer it 7.5 please. you are not making a market at all a 10% spread. If folk really don't want them then, give us a decent offer

[cordwainer] 04/5/2016 15:01

Re euro500 note: will save me from accidentally laundering it (literally).

[jbe81] 04/5/2016 07:32

Am very happy with the way things are looking here,now if AAZ could just produce some good news before the presentation in London and generate significant buying...

[jeanesy] 03/5/2016 20:01

Nice to see a move up on better volume. Looks like resourceful sold out. Lets hope that gold can at least hold current levels and we get good production figures in about 10 days time.

[aimshare] 03/5/2016 17:01

Take a look at the bar chart rather than the line chart Matt. Clear breakout. :o)

Or, translated to the practical, the first time the mid price breached 8p intraday for 12 months or more and/or the highest amount paid to buy stock in 12 months or more. Investors are now prepared to pay more for it than they have for the last 12 months and based on production and precious metal prices, and in relation to other stocks in it's sector, that's no surprise.

[mattjos] 03/5/2016 16:52

ECB will now stop printing the €500 bank note. Another reason why folk will look to hold gold

[mattjos] 03/5/2016 16:42

not quite broken out, given the small sell in the closing auction to hold it back but, highest close for a year otherwise.

[cordwainer] 03/5/2016 15:52

quite interesting, is the share price breaking resistance ..?

[aimshare] 03/5/2016 15:19

Cheeky breakout north on the chart, chaps. :O)

[zhockey] 03/5/2016 13:53

You echo my thoughts Matt. I fear a pullback in gold but if that doesnt happen then onwards and upwards!

[ilostthelot] 03/5/2016 13:45

Your right Matt hot money will arrive soon that's when we'll off the races !

Does anyone follow the Canadian market?
I'm Looking into EDV was wondering if anyone holds it? The board on advfn is very quiet.

[mattjos] 03/5/2016 13:39

In the time that Gold has put on $200/oz from Jan this year, AAZ has gained 100% in mkt cap.
Given the leverage on the balance sheet, I do not believe it will require a further $200 gain in Gold to see the mkt cap double again.
Over $1,300/ oz and the debt will start to fall away faster & faster this year.

The price is still only slowly & quite tardily reacting to the rise in gold which suggests to me that the current price has no speculative element in it whatsoever.

I still see circa 30p per share as fair value / EV given current metrics. Single figure share price remains daft

[terropol] 03/5/2016 10:07

Well about time Gold got to GO!

[philo124] 03/5/2016 09:52

V good, thanks for posts.