Anglo Asian Mining Share Discussion Threads

[brasso3] 08/6/2016 20:09

A 6000 - 6300 oz month for May will put us back on track towards 75,000oz for the year. It will also coincide with some of the best gold prices for several years. Average gold price in May was above $1250.

[jeanesy] 08/6/2016 18:50

What we need is a strong POG and good production figures short term. Hoping for more of the same tmw.. please !

[mattjos] 08/6/2016 18:45

Still in the foothills of the ultimate destination as far as I am concerned, Brasso. Still buying more.Should be a fascinating 2-4 week period ahead

[jeanesy] 08/6/2016 18:34

Just got back in from work.Lovely jubbly. Still not sold a bean and very happy with it!

[brasso3] 08/6/2016 18:01

Matt

Chart predictions for tomorrow?

A gradual daily rise followed by a finish on the daily high is one of the most positive of charting signals from memory (Charting for Dummy's book).

Maybe you should post your latest chart with the breakout confirmed and in progress. :)

[cordwainer] 08/6/2016 17:20

brasso, think u meant tailwind?

[philo124] 08/6/2016 17:09

Been away all day.Nice suprize. Thanks for all posts.

[cordwainer] 08/6/2016 16:43

Gold back in vogue for some measure of safety / hedging, with every other sector having valuations stretched more than ever in the face of risks including slowing growth, Brexit, Chinese debt, US elections etc. Recent survey shows only 38% of French in favour of EU.
I can see by the advfn sentiment indicator for this stock that more than one person wants my shares.

[brasso3] 08/6/2016 16:33

Hard to see what will stop this hitting 16p now. It has a lot of tail wind:-
- Pressure removed from the gold price in the short term.
- Production news in 7 - 8 days which are expected to be >6000oz.
- Chart looks very bullish i.e breakout, RSI and resistance at 16p.
- Action behind the scenes with Chovdar.
- H1 results in July.

[cordwainer] 08/6/2016 16:15

..lurking in the murk til I can buy a Merc after selling Merck.

[brasso3] 08/6/2016 16:12

2 x £10k trades gone through today and both were delayed publications.

Someone is happy buying around 12.5p.

[zhockey] 08/6/2016 12:50

Brasso I think that is priced in, more likely we'll see a drop IMO

[brasso3] 08/6/2016 12:48

Gold now at $1255.

When the Fed confirm no interest rate rise on the 15th I expect it will hit $1300.

[mattjos] 08/6/2016 12:18

thread is surprisingly quiet but, I see the page counter thingy I put on the thread header has clocked up to 80k now so, plenty lurking

[zhockey] 08/6/2016 09:59

I notice there are rumblings at Kumtor again, this came up in association with AAZ a few years back.

[mattjos] 08/6/2016 08:55

Not much in the way of volume congestion until the 20p region now.MM's are going to have to work hard if one or more has a background buyer.Mkt cap still dirt cheap but, importantly, now looking comfortably over the £10m threshold which may attract longer term institutional/fund interest.

[brasso3] 08/6/2016 08:49

Matt's charting does seem to be spot on here. :)

[zhockey] 08/6/2016 08:41

Good call Matt, clear sky up to 16p.

[brasso3] 08/6/2016 08:22

This is a safe as it comes on AIM.

Gold now above $1252.

[wrighty46] 08/6/2016 08:17

Looking very strong here. All available stock is now being mopped up and I'm convinced a buyer is in the background trying to buy sizable chunks. This isn't working so they will be buying ever higher. Sellers will come out at some point but not at these levels. And for me not until we are way way higher.GLA

[jbe81] 08/6/2016 08:14

Good to see it ticking up on such little volume

[brasso3] 08/6/2016 08:09

Gold creeping up to $1250.