Anglo Asian Mining Share Discussion Threads

[csmwssk12hu] 25/10/2016 09:42

A bit of awareness if you look we have only normally done small moves up and down so we don't get on big movers boards last week we got a bit of publicity for those smart enough to look into it have probably said to themselves this is undervalued so have bought in, same as I did back at 12p and continued to buy since, as people have said in past why did I not buy in at 4p, quite simply I had never heard of AAZ. There are a lot of people who will not have heard of this and when they do they will buy as it's so cheap it's scary.

[crazycoops] 25/10/2016 09:36

sleveen, these were "blatantly undervalued" last week and the week before and yet the share price was languishing - something has sparked this rise and is also helping to maintain it.

[mattjos] 25/10/2016 09:34

you look at the market cap of this and then look at the mkt cap of SOLG ... both have same copper/gold porphyryic type deposits

SOLG: £354m
AAZ: £31m

[csmwssk12hu] 25/10/2016 09:31

I think it's just realisation that it was chronically undervalued and still is, the 3rd November investor awareness seminar will drive this forward even more after that date, that's when the herd may start to arrive, at the moment these are modest rises, when the herd arrives we will either get a few days of 30-50% or one day of 100% plus and that's when you know the herd have arrived

[jbravo2] 25/10/2016 09:25

The vast majority aren't going to be interested in selling really jbe. Anyone who has done any reading of any size knows the exciting times are approaching but not here yet.

Whether it be the enlargement of Gedabek through Bittibulag, Ugur or "near Ugur"(...oh and don't forget Gadir has never been included in a resource or reserve update yet either). Whether it be the transformation of the sector in Azerbaijan. Whether it be a flotation expansion and increased output. Whether it be even lower costs next year courtesy of the electricity supply and water plant.
Thats all yet to happen.

Selling any now begs the question "why won't they be even higher come end of the tax year?" or if that isn't relevant "why won't they be higher in 6 months?"

Then one would have to decide "Where shall i put my money to get exposure to a better chance of growth than here?"


Result? Not many want out yet.

[sleveen] 25/10/2016 09:23

crazycoops

It's the blatant undervaluation, AAZ could rise to 50p and still be undervalued compared to SHG SRB etc,

IMHO

[sleveen] 25/10/2016 09:21

Six hours well spent researching AAZ this weekend :-)

[jeanesy] 25/10/2016 09:21

Once a share starts rising like this then sometimes the ' herd' arrive hoping for a quick buck. I hope they have not arrived here but it might just be that.

[crazycoops] 25/10/2016 09:18

Indeed zhockey! While I am happy to have the gain, it would be nice to know what is driving this rise. If it relates to last week's discovery, then that is one helluva delayed reaction. If it is "technical" buying, then unlikely to stick. If it is an insti buying in, then it would be nice to know who. If it is because further news is in the pipeline, then...

I could go on but will feel more comfortable once the reason for the price rise becomes known (if it ever does).

[blueball] 25/10/2016 09:15

Seriously undervalued worth 100p a share in the next 12 months imo.

[zhockey] 25/10/2016 09:12

Who's buying?

[jeanesy] 25/10/2016 09:11

lovely jubbly !

[jbe81] 25/10/2016 09:06

still nobody interested in selling!

[csmwssk12hu] 25/10/2016 09:03

Updated now

[csmwssk12hu] 25/10/2016 09:00

It's not updating on here it says bid ask 26.5-27 but it's 27.5-29

[jbravo2] 25/10/2016 08:59

Agreed 100% jbe

[someuwin] 25/10/2016 08:59

Looks like 30p+ this week for sure.

[csmwssk12hu] 25/10/2016 08:58

Last buy was way above bid ask price

[jbe81] 25/10/2016 08:56

You missed "assuming NO good news during that period"

[jbravo2] 25/10/2016 08:53

Sure ok, lemme see....




ermmm.....





"Buy all you can you fools. 40p in six months and 60p in 12 months."

[jbe81] 25/10/2016 08:51

Would like to see your "brokers note", Jbravo.

[jbravo2] 25/10/2016 08:44

All rubbish eh timber wolf? I don't expect anything else from brokers.
Let's face it if the biggest economic brains in the world consistently fail to predict all manner of movements on all sorts of commodity and share prices why should a tiny broker be able to get this right? I wonder how much time they devote to it?

As matt has posted before they were always behind the game on the way down and no doubt they will now lag on the way up.
I reckon I could write a better forecast than them having attended the last few AGM's and various other meetings with the board, I'll bet I've spent more time on it than them already.

[csmwssk12hu] 25/10/2016 08:40

I said 34p by Wednesday/ Thursday this week, when it hits it I'm nipping the shop and buying a lottery ticket

[csmwssk12hu] 25/10/2016 08:37

Same movement at start as yesterday up at start tick higher tick lower tick higher

[timberwolf3] 25/10/2016 08:31

S P Angel need to get with the times , their broker target smashed within a few days.