Anglo Asian Mining Share Discussion Threads

[jbravo2] 03/11/2016 08:01

Not sure why people thought there would be any RNS as I said last night it's only an investor presentation. We've had them before and no RNS.

Anyway, the new ore.... We've currently nearly run out of room for heap leach so whether they can find space nearer the new ore is the question otherwise it would have to be through the AL plant

[zhockey] 03/11/2016 07:57

Yeah but it will need crushing and transporting. My guess is they will have the AL and HL dedicated to oxide and use the FP for sulphides, the latter would need a significant expansion, maybe $30M. Production 150K?

[blueball] 03/11/2016 07:56

Looking for a 4 p rise this morning.

[wrighty46] 03/11/2016 07:48

Would like to think so. Today should be good for gold again Clinton really is taking a pummelling over the pond.

[jeanesy] 03/11/2016 07:38

Looks like no RNS this morning. Will the buying here continue?

[cannonfodd3r] 03/11/2016 06:04

Carsick, unlikely as its oxide ore which can be heap
Leached

[brasso3] 03/11/2016 02:15

Looks like more pressure piling on the Clinton camp on Fox/ CNN. I expect gold will have another good day.

[catsick] 03/11/2016 01:10

Anybody going to the presentation tomorrow ? I would love to but am in Tokyo, would be very interesting to get the companies view on how much gold they think there is in the new find and if they need to upsize the processing plant to deal with it all

[edjge2] 02/11/2016 19:43

OT: petrop....type POG busted but may well gear up with 1300+ gold.

[philo124] 02/11/2016 18:59

Thanks, I did. Hope it plays out like that.

[timberwolf3] 02/11/2016 18:58

Will be interesting if the zinc gets a mention in the presentation

[jeanesy] 02/11/2016 18:58

Great finish to the day here. I will be looking closely at the RNS's in the morning to see if we get one. Anyone got a prediction for tomorrow?

[mattjos] 02/11/2016 18:52

see post 5132

[jbe81] 02/11/2016 18:18

Market cap for aaz with gold at $4400 , Matt?

[philo124] 02/11/2016 17:55

Gold was $35 an ounce in 1944 I saw today.
Better to buy a profitable low cost gold miner producing gold than a paper etf I would
I have thought.

[mattjos] 02/11/2016 17:53

still looking for $4,400+ gold myself, as I have maintained for a year now

[zhockey] 02/11/2016 17:49

Obviously events will dictate but this could be a pivotal moment for gold as many were unconvinced that a new bull market was underway and hence a lot of money still on the sidelines. If we are entering a confirmed phase two of a bull market with a base at 1050 then a lot of new money will flow into this sector which is maybe what we have been seeing already with AAZ.

[philo124] 02/11/2016 17:38

The company's 2 week delivery of gold under their 29/06 no cost put/call option expires 13th December.

[mattjos] 02/11/2016 17:29

There's an insti buying this up now. Individual trade sizes on the buy side are too big for just PI's.

Insti's are bound by market rules so, I would expect them to be rather more timely with their Holdings announcements than Bashirov was.

With luck, we have more than one fund looking to build a position all the time this is sub-80p.

Little to stop this hitting 50p. Assuming black swan event 2 comes to pass (Trump) then it's Black Swan event 3 that should prove the next trigger. As exciting as that might prove for all gold mining stocks, it does rather fill me with fear as to what state the world will then be in.
I can still not find another share that I would prefer to be invested in and ride out the coming storm.

Manat hit an all time low against the US$ today & breaking out past the prior high from earlier this year.

£1,060 for an ounce of Gold now !!

[brasso3] 02/11/2016 17:16

Gold at $1305 too. My money is on a 7am RNS...

[jbe81] 02/11/2016 17:16

No, they have had 2 years to work on it. And yes they would have been sitting on some drill results, not enough for a resource upgrade but maybe they have been filling in the gaps ;)

[jbravo2] 02/11/2016 17:14

You think they've had those drill results for 2 years?

[brasso3] 02/11/2016 17:12

160k + 20k at 32.25p is £60k

[jbe81] 02/11/2016 17:12

Jbravo they have had 2 years for a resource upgrade, it is a possibility tomorrow IMO, but we will see. Probably just a reaction to gold, still a long way to go here. I have no idea what is going on, I stated my opinion last week, but could well be completely wrong. Either way shares are worth £1+ in the short term.