Anglo Asian Mining Share Discussion Threads

[mattjos] 03/8/2016 09:15

just as well folk didn't hold their breath for that jbe.

Will probably have to wait for BOE & NFP

[jbe81] 03/8/2016 08:19

About to tick up

[crazycoops] 02/8/2016 18:41

Brasso - WATT?

[ilostthelot] 02/8/2016 18:20

It'll explode over 20 p tomorrow if this keeps up.

[brasso3] 02/8/2016 18:15

Jeanesy

I do not think it was so one sided. I agree that there were more buys than sells.

[jeanesy] 02/8/2016 18:09

273k bought , 5k sold and yet no movement today

[mattjos] 02/8/2016 18:06

Frankly, if the company seek to hedge the rest of their output, I will be selling up as I think that would be potty decision

[brasso3] 02/8/2016 17:42

LOL

"The graph shows a short term negative trend, if gold did not move we would have been at 15.5p."

What is this anagram: T A T W

[jidmad] 02/8/2016 16:35

The share has not moved yet because of the earthquake, the market is waiting for an update from the company.
22 km from Imishli, Azerbaijan · 1 Aug, 05:46

Too far from the mine to be affected, but that’s the market

The graph shows a short term negative trend, if gold did not move we would have been at 15.5p .

The news I am waiting for is a possible hedging again at $1400 in the next 2 weeks, the rest is mumbo jumbo, until we see quarterly results and debt renegotiation.

Thanks

[mattjos] 02/8/2016 16:20

yes, its going to be a very interesting and potentially very exciting few weeks. Have to allow for the fact that it is holiday season and the inevitable involvement of lawyers so, these things never go as quick as the parties might wish but, it is pretty bonkers to have a fully developed gold mine sat idle in the current environment

[celeritas] 02/8/2016 16:08

I don't believe many investors are actually aware of aaz otherwise this would have been a whole load higher. What I do think is investors will arrive especially if there's talk of ex aimroc assets being mulled over.
Thinking outside the box maybe its been held down due to something going on.
Surely Aimroc is now back in government hands waiting for deals to be done, I am certain about one thing, those assets wont stay around just rotting for long.

[zhockey] 02/8/2016 15:52

Jbravo, how do you know a deal has been reached?

[mattjos] 02/8/2016 15:44

not far off the recent highs in gold now. Close and hold over $1,370 and we should off and away again.

Last two strikes off the trend line has seen Gold put on $100+

[jeanesy] 02/8/2016 14:02

I was just thinking that myself. Plenty of buys and as yet no move up. Myust be a sell worked through. Good to see POG rising.

[jbravo2] 02/8/2016 13:47

As I said yesterday jeanesy, I expect the deal to complete (the money to move that is, as an agreement has already been reached) this week.
This is however a very large deal with a very large amount of money involved. It's not like you heading down your local showroom and picking up another second hand Astra. Delays could happen.
There could of course also be a day or two of delay before it's reported.

Edit:
Plenty of buying yesterday and today with no evidence of the sells to account for the lack of movement yet. They must be there somewhere but it does look like we might finally be running out of sellers at this level, especially if gold continues in its current vein. Then we have a sliver of stock at 20p... and then...

Anyway, July should have been nice.

7000 x 0.8775 x 760 = $4.6m

(760 = 1335-575)

[jeanesy] 02/8/2016 13:18

Costs continue to go down here. The manat continues to weaken 1 usd=1.60 manats today. When are we going to hear news about Aimroc assets?

[wrighty46] 02/8/2016 11:33

Matt, if you don't mind me asking, what is your understanding of where the company is at re. Ordubad? Got a bit of time on my hands but can't seem to find alot of info. Cheers.

[brasso3] 02/8/2016 11:28

Japan's cabinet approves stimulus package

[mattjos] 02/8/2016 10:28

Yes, I agree wrighty. All the traditional & historical 'reasons' why not to invest or hold Gold have been negated by the actions of the Central Banks around the world.

[wrighty46] 02/8/2016 10:03

News soon on any front that puts another piece in the jigsaw will hopefully do as you say. GLA

[wrighty46] 02/8/2016 10:01

Cheers Matt Thanks for that. A small shift north in pog will soon take that out. $1378 St target for me. When the hot money eventually hits gold which I think it will, with everything else globally icing down and negative. Gold will see highs never seen before IMO. I don't think that is a long way off either. GLA

[mattjos] 02/8/2016 10:00

its behaving now as it did in 2010 when it was just under 20p. There was a seller then camped on the stock selling in 100k and 50k chunks.
Then, one morning, there was news on the exploration and once it smashed through 20p on about 1.5m traded it was pretty unstoppable