Anglo Asian Mining Share Discussion Threads

[saturdaygirl] 29/11/2016 23:31

Thats a large hammer on Gold today





Gold chart closing



Silver already starting to move

[saturdaygirl] 29/11/2016 23:08

Mattjos

Can you up date your Elliot Wave with the current share price ?

[mattjos] 29/11/2016 22:24

There was a late reported buy here of 139k at 21.5 .. 17.07.Now no longer reported. Wonder why???

[zhockey] 29/11/2016 18:57

This will be up tomorrow, price was held to close on the 100 SMA

[mattjos] 29/11/2016 18:18

plenty of buyers jeansey, if you care to check

[jeanesy] 29/11/2016 18:08

Another day , another fall.. very depressing atmo !! Needs some good news soon. I blame those Americans for voting in trump.. it was supposed to be good for the POG and AAZ . Couldn't have been more wrong. We have now slumped from 34 down to 20p, thats nearly halved !! Where are all those buyers?

[zhockey] 29/11/2016 16:05

Price depends on sentiment and that is in the gutter. Like it or not, most of AAZs rise has been because of gold. Look at the sector, has every gold stock risen because of cost cutting and exploration?

[jbravo2] 29/11/2016 15:51

What about it?
Where's it headed? No idea. Not particularly worried about it. Sure I'd prefer it was 1400 than 1000.
How about "What about the debt?"
We will still make enough money to pay the debt down at 1000.
We have now made 8 of the 15 ATB debt repayments. More than half way through. Net debt could well be $30m at year end.
By end of '17 it should be $10m.

What price AAZ then?

[zhockey] 29/11/2016 15:39

What about the gold price?

[jbravo2] 29/11/2016 15:13

Yeah I'm surprised too, but ultimately it's still trading at around it's average daily volumes so it's hardly dead calm. It is true though that the recent drop has been on slightly below average volumes. It's hardly a stampede for the door.
Each trade just brings further solidity to the new price levels.

And guess what? It won't be here this time next year.
It was back at the end of July '15 that I said the share price would re-rate drastically and be materially different by July '16. It went from around 5-6p to around 16-18p.

Tick.

I make this further prediction. By July '17 the share price will be materially higher again. It will have at least trebled again.
What will drive this?
The impressive results for '16 inc. the cost/oz produced.
The improvements that will continue through '17 on this front.
The continuing diversification of production into other metals.
The increase in resources that will start to be declared.
The opportunities that partnerships bring.

:)

[deanroberthunt] 29/11/2016 14:57

added another tranche at 19.999 ...well oversold

[basem1] 29/11/2016 14:08

Thought there'd be a buying frenzy at this level ? Very subdued reaction.

[mattjos] 29/11/2016 09:53

mkt cap now back to £22m! in for a few more just now

[ferries5] 29/11/2016 08:53

Cost-effectiveness of gold production increased



Nothing really new!!.

[zhockey] 28/11/2016 23:10

I said over a week back I thought it would test the MA, it's now 1p away, why is that strange? Is it strange to expect short term pull backs? I would say it's unhealthy to be an eternal optimist.

[mattjos] 28/11/2016 23:02

USDAZN set for 1.7246 tomorrow. now 11.25% weaker than start of year

Gold bouncing off this Fib level.


free stock charts from uk.advfn.com

[brasso3] 28/11/2016 19:52

Zhockey

You are a strange one. I imagine you are trading AAZ as you blow hot and cold.

[zhockey] 28/11/2016 18:51

P.s. if anyone is interested in some high impact oil exploration exposure, take a look at PVR

[zhockey] 28/11/2016 18:49

I think it will prob tag the 100 SMA

[jeanesy] 28/11/2016 18:41

Was Surprised to see us down for the day , but then i saw that 160k sale. MM's played a blinder today. We need some solid support of POG around 1180's and promised drilling news update soon . May even drop sub 20p tmw. Who would have thought that 2 weeks ago.. not me thats for sure!

[zhockey] 28/11/2016 15:27

I wonder how much of the drop was down to a belief that Chovdar is now not in scope for AAZ?

[bsg] 28/11/2016 11:07

Oversold, indeed. But where is gold going?

[terropol] 28/11/2016 10:32

Ilostthelot, yes is a good trading plan...but when it runs away you risk been left off the bus....
You are correct that now we are way oversold....

On another note, If America wishes to remain in the trading market...they can not let the Dollar run away...
Therefore would be a bad move to up interest rates to much...and the December move is now fully digested by the market, they will make a small change just to keep face...
Gold should get a big stronger after that.

But like it has been noted on here many times...our market cap is way to low for the companies production volume.

Good morning all.

[ilostthelot] 28/11/2016 09:22

Not always a bad thing selling some on the way up at certain prices.. A few on here slag you for it. Great buying opportunity this is. AAZ exaggerates moves in both directions.

When sentiment changes we'll see 40p plus in next to no time.