Anglo Asian Mining Share Discussion Threads

[philo124] 13/6/2016 13:59

Gold going well.

[mattjos] 13/6/2016 09:32

Terropol ... same experience for me but, I do think that up here amongst 'the makers', there is a significant EXIT bias.
Further south, where the economy is more service related & no one makes anything, the bias seems the other way.
Likely a old/young split also.

Fingers crossed that we'll carry the day and get out

[terropol] 13/6/2016 09:09

ILOSTHELOT, 90% of the people i poke with about EU are to Exit... I am from over the water...and I am strongly with the get out campaign....

It will be a close fight in the end...but i think we will get out.

IMF today warned on Chinese debt...GOLD is the only alternative.

[bleepy] 12/6/2016 22:44

People are not stupid either.

Turkey visa leak, Cameron scaring the pensioners and needy, leading members of industry wanting out and the likelihood of a possible 5ml people from the EU alone entering the uk by 2020 reinforces the brexit camp.

How will public services, hospitals/gp's/nhs, schools, housing and industry cope?

I'm in the leave camp.

[ilostthelot] 12/6/2016 22:31

I cant see Brexit happen. The bookies are not stupid.

[bleepy] 11/6/2016 12:27

Maybe waiting for or knowing of impending news before initiating coverage.

Much speculation re Chovdar and other mining prospects since Panama leaks. Expectations of ruling family and government to clean up and put their house in order.

Could work in favour for aaz,possibly restructuring psa and loans on more favourable terms. Involvement in restarting Chovdar and or other prospects.

Not forgetting updated output for floatation plant, sag mill progress and contribution of additional new equipment employed at Gadir.

[mattjos] 10/6/2016 23:05

Am wondering what is going to cause covering brokers to update their reporting here. Hold & Speculative Buy from share price Angel & Beaufort respectively, are months out of date & their notes rather behind the curve.Maybe H1 update in July will cause one or both or, another broker to initiate coverage / update.

[mattjos] 10/6/2016 15:21

looks very much like Gold is now well into the start of second leg .. if so, I'm looking for $1,600 on this leg

[philo124] 10/6/2016 15:16

Yes, should see 1300 pretty soon.

[jbe81] 10/6/2016 14:30

gold looking like it might rise some more

[wrighty46] 10/6/2016 12:41

Well looks like someone has done rather well today. Mm's very accommodating for now .GLA

[zhockey] 10/6/2016 10:17

Good for you jbe

[jbe81] 09/6/2016 23:07

You dont know how many I bought Zhockey sub 10p ;) (its alot less than JBravo!!)

On a serious note, will be buying more, would prefer them to be at 12p than 20p but will be buying all the same.

[jbravo2] 09/6/2016 22:57

Hurry?
Of course not. I've been here years and my position has taken years to build. It's only on ISA day that I percieved there might be a hurry hence why I bought my allowance as soon as I could. I was amazed no-one else joined me but it mattered not. I didn't mention it and I picked up a few hundred thousand in the weeks after.
I am of course slowing my buying now, I've got over 2m and it's now above my average but it really is so much better to buy with the share price heading up rather than down.

[mattjos] 09/6/2016 22:47

There's no hurry please chaps. Let the traders and impatient surrender their shares cheaply ... I moved up my buy range now to 15p recently. Just need to wait for the impatient and the traders to sell out & oblige the mm's to close the spread. Takes patience as it it not often 1/4p spread now but, it does come up & limit orders are helpful although, it has become significantly harder to buy in volume since we left the 5-9 rangeI expect to be moving my hunting range to 20, 30, 40 & 50 in the weeks ahead.

[jbravo2] 09/6/2016 22:16

Exactly zhockey.

It's all a question of what you think this is worth jbe.
I was buying at 15p and more on the way down so I'm sure as hell buying on the way up. It's always better on the way up.
Like mattjos said, this really is only the start. The foothills. This could easily see 50p in short order. All a question of gold price and future direction.

Look at what the plant cost, or what it's "worth". Look at our revenue each year year. Then look at our market cap. Look at what is going to disappear from our debt this year and next year.

It's a silly price below 20p, but not quite a silly as 5p.
That's why on 6th April, new ISA day, I spent my whole allowance on this. No one else bought much that day, someone commented on "decent volume" that day but we've had 10x larger volume at twice its price since. It's still a screaming buy.

70koz this year. 70koz. Market cap still under 15m. 70koz.

Crazy

[zhockey] 09/6/2016 21:22

JBE, I think you missed the boat on bargain prices mate. Pretty soon I think 13p will look cheap. Gold would have to go sub 1200 for the share price to go sub 10p IMO, and I don't think that will happen.

[jbe81] 09/6/2016 19:54

Nice to see gold rise, would really like the share price to come back some more so I can get some more in the next few weeks.

[mattjos] 09/6/2016 10:58

issued share capital is 112,661,024

The key shareholders (those over 3% and the Directors) hold a combined 49,478,209

That just leaves 63,182,815 in 'free float'

A large proportion of that free-float is now locked up in the hands of long-term investors, particularly after Bashirov's stock was soaked up

[mattjos] 09/6/2016 10:30

agreed Celeritas. Certainly I would have thought it should soon establish a new lower base around the 15p level

[celeritas] 09/6/2016 08:22

People keep wanting higher gold but forget aaz will do very very well with gold over 1200.
Should really be in the 20s but if Reza can pull off a deal to get aaz noticed they'll be no reason the 20's wont be left well behind.