Anglo Asian Mining Share Discussion Threads

[brasso3] 16/6/2016 09:49

May production estimate:-

6000oz x 0.87 x ($1250 - $700) = $2.87m profit!

[jeanesy] 16/6/2016 09:43

Volume seems to be picking up here. Just need solid production figures now!!

[mattjos] 16/6/2016 09:34

Glad to hear your maths on the share price dovetails with most others here, CSM

[csmwssk12hu] 16/6/2016 09:32

I think it's market cap is that small very few people notice it, potentially this year it could make its market cap in one go, even if because it's small it got an pe of 8 this could rise to well over 100p

[jbe81] 16/6/2016 09:28

Exactly jbravo

[golla] 16/6/2016 09:28

still rediculouly cheap.

[jbravo2] 16/6/2016 09:25

Well you don't have long to wait brasso. The H1 production figures will be out in about a month and that will include an update on debt. That debt update already happens four times a year. Seems plenty to me.

[mattjos] 16/6/2016 09:23

Welcome aboard CSM. Better late than never!Good to hear that others are seeing the daft valuation that still persists here

[csmwssk12hu] 16/6/2016 09:16

From a chart point of view and economic point of view this is probably what the most outrageous buys ever, they share price has gone from 6p to 14p pretty steadily from April despite most mining stocks falling they lost nearly 9m last year and have cut costs by 13m since, the price of gold etc that they mine are apx 15% higher than last year, the pound is worth apx 15% less than last year aswell so if they turnover say 70m that should put another 21m on the bottom line alone, I can't find any broker forecasts for this I know they have about 49m in debt but if the above happens they should make 25m this year which after tax is half the debt nearly in one year, this could really shoot I am in already at 12.7 I wish I had noticed it earlier, I don't even check every day because I know it will do well over time imho.

[brasso3] 16/6/2016 09:14

I disagree JBravo.

The debt is what is causing the undervaluation by the market. To communicate payments is a logical way to correct the valuation.

Only the people who do detailed research (not many) will know about the payments you mention.

[jbravo2] 16/6/2016 08:51

That doesn't need an RNS. It will happen every Feb, May, Aug and Nov for another 9 quarters. RNS it if it doesn't happen.

[brasso3] 16/6/2016 08:45

I think we already know they had a $3.5m payment last month. It would not do any harm to RNS that.

[philo124] 16/6/2016 08:37

Need to see buyers paying over 15p. Updates on debt reduction would be the best PR the company could do and it wouldn't cost them anything.

[jbe81] 16/6/2016 08:31

When you have a couple of million shares paying a few hundred £s to see the value of holding increase by 10 percent , I imagine seems like quite a good idea!

[jbravo2] 16/6/2016 08:29

Me too jbe.

And this really is the problem for those selling despite 8 month highs.
If they want back in they will have to pay more as there is so little free stock. It was demonstrated the other day by bleepy.
Whilst I'm sure they were reasonably happy yesterday with their sells, they aren't today, and in 6 months they'll be even unhappier.

If we get 65k oz out this year at a margin of $600 its $39m.
$39m.
Debt starts to evaporate

[jbe81] 16/6/2016 08:17

In for a few more and had to pay over to get them, should be a very good day here

[highly geared] 16/6/2016 07:47

The key is to break and hold above $1311 as that is the top of the 5 year down trend.
If Pog can break that , back test and move north then we will likely see return of the long term bull market. The macro environment has all the ingredients for it.

[jeanesy] 16/6/2016 07:43

Great to see POG above 1300. Lets hope it stays there this time. Nice rise in silver and copper too. Lets hope for a good day here. All we need now is solid production figures. Has anyone seen them yet?

[brasso3] 16/6/2016 07:30

I hope LW has got an up to date CV ready!

[jbe81] 16/6/2016 07:06

CONTINUING TO RISE

[brasso3] 16/6/2016 06:09

Gold at $1303!

:)

[brasso3] 15/6/2016 20:11

Touched $1297 then for a minute. :)

$1350 possible before the 23rd?

Tomorrow would be a nice day to get some production news.

[mattjos] 15/6/2016 19:28

Quelle surprise .. No rate rise in the USA. As if they were ever going to so close to our referendum! So, nothing there to halt gold's rise. Jitters over coming days re our vote look likely to be the dominant factor on price of gold in the short term. Imagine price will hover on the $1,300 pivot for the next week now.