Anglo Asian Mining Share Discussion Threads

[brasso3] 09/8/2016 16:46

Big trade?

[cyberbub] 09/8/2016 16:37

Wow - there goes a big delayed buy, as suggested by L2 earlier?

[brasso3] 09/8/2016 14:55

Gold goes down = AAZ goes down.
Gold goes up = AAZ goes down.

[xcap] 09/8/2016 14:09

cheers jbravo

[jbe81] 09/8/2016 13:52

up to 331k wanted at 18p

[jbravo2] 09/8/2016 11:17

It's an auction... just as it sounds.
It offers an additional chance for trading in illiquid markets.
The sellers may be MM's or PI's or anyone really. Same for the buyers.
It has appeared for weeks that there has been a substantial buyer who has been buying mainly through the auctions.
This mornings tiny auction looks like the MM's are happy to bore holders out of their shares and then sell them in the auction to that buyer. Nice margin too.

[xcap] 09/8/2016 11:05

what the these UT mean - the mms are balancing their books having to buy through auctions?

[jbe81] 09/8/2016 09:01

Somebody wanting 372k at 18p

[jbe81] 08/8/2016 16:40

A couple of fair size buys in the auction again today

[jeanesy] 08/8/2016 09:34

Bid price ticking up. I tend to agree Highly geared. We shall see where POG is going in next few months. With gold buying season ahead of us as well with Diwali then hopefully we can stay above 1300. Not long to wait until production figures for July. Lets hope they are good and a springboard to further positive moves in the shareprice here. Im expecting a pretty quiet week here without unexpected news.Figures should be in azer press next monday/tues hopefully.

[xcap] 08/8/2016 06:14

4062 - thanks.

[highly geared] 07/8/2016 18:08

If , back in November 2015 , someone had forecast gold to be c. 30% higher within 9 months most would have laughed and dismissed such forecasts. Well it has happened but people get fixated by daily ups and downs , assuming all big up moves are justified and all down moves are manipulation and conspiracy.

Keep an eye on the major trend is probably the better strategy; I'm more than pleased that gold id back above $1300 and I note that in history , gold has risen more than fallen following monetary tightening. The long term gold/dow chart is a good one to see the big picture; if it repeats the 1955-80 cycle which it is currently mirroring then $4000 gold will happen c. 2022.

The NFP figures have become a market fixation but should be read with GDP, manufacturing and durable goods figures. Taken in the round it's a mixed picture and the powers that be will want the democrats back in in November so unlikely to see a rate rise before year end regardless of what you read in MSM.

[imnotspartacus] 07/8/2016 16:16

One point worth noting gold in GBP's is almost at the 2011 highs & back then AAZ was priced at 70p!

hxxps://www.bullionvault.com/gold-price-chart.do?currency=GBP&weight=gr&timeframe=20y

[mattjos] 07/8/2016 00:22

?? :-) very good Brasso

[jeanesy] 06/8/2016 20:33

Xcap I think you will find that it was an UT and therefore can be ignored

[xcap] 06/8/2016 17:40

note the bounce back from 16.5p to 18p at close, surely an indication that this will go through 20p with ease on any small volume of buying

[xcap] 06/8/2016 17:39

Brasso - the silver and copper , are they free by-products? already within the Au ASIC? so that this revenue is in effect net profit?

[mattjos] 06/8/2016 09:37

Yes Brasso, we're still relatively unknown in the broader market despite so many positives:Greater contribution from Gadir with higher gradesThe Manat is weaker than the last devaluationThe new SAG mill should be going by nowThe new electrical supply and water purification / evaporation plant to reduce the pressure on the railings dam and start to process all that Gold & Silver that went into the dam in earlier yearsHigher gold and silver pricesSome savings in the labour costsFully operational flotation plantDebt is decreasing by the week at an accelerating rateThe company Balance Sheet is growing stronger and stronger.We remain in poll position for negotiations with Azergold7 weeks to intermission, 11 weeks to Q3 results. One/both will prove the above & maintain the upward revaluation of the company

[brasso3] 06/8/2016 08:47

Also, do not forget the useful revenue we are now getting from silver production. Q3 could be around around 60,000 oz and the price is around $3 up on Q2 at the moment.

60,000 x 0.87 x $20 = $1m

The profits from silver and copper are now servicing the debt repayments.

[brasso3] 06/8/2016 08:40

Weak price of gold???

Its at $1335 FFS!!!

We are 37 days in Q3 and it looks to me that the average gold price AAZ are receiving is up by $60 - $80 per ounce on Q2 ($1260). I expect that increase in gold goes straight to the bottom line for AAZ. If it continues through Q3 and AAZ hit 20,000 oz then that is $1.2 - $1.6m increase on the quarter!

[jeanesy] 05/8/2016 20:54

Despite the inevitable fall in price here due to the weak POG due to stronger than expected Payroll figures , just about every trade was a buy and that has been the case for some time now . Surely the MM's must be short of stock?

[mattjos] 05/8/2016 17:38

plenty at 17.5 & below today :-)