Anglo Asian Mining Share Discussion Threads

[brasso3] 09/12/2016 07:59

I expect this will open down as the MMs test the water to see if they can catch some fish.

[brasso3] 09/12/2016 02:10

50k (£14k) at 27.99p at 17:02. :)

Small trades are sells, large trades are buys. It been that way for a while now.

[zhockey] 08/12/2016 17:30

Brasso,

Note I did not say the price of gold, I said gold sentiment.

[mattjos] 08/12/2016 17:18

the buyer doesn't care .. he's still picking them up in 50's after the bell by the looks of it.

[brasso3] 08/12/2016 16:39

Zhockey

Regarding this comment: "If gold sells off hard in the next week so will AAZ, it it rallies so will AAZ."

Gold has been flat the last week yet AAZ has been up 40% from 20p. AAZ does not seem to follow gold as much as it did in the past. Todays slight pull back is just a natural market response post 3/4 strong trading sessions peaking at a 45% rise (29.5p).

[jbe81] 08/12/2016 16:32

Zhockey for £100+mil you get AAZ' licenses, their investment AND their expertise for AIMROC assets, BARGAIN.

For a while here holders thought, and still think, AAZ would get Chovdar, but to me it makes much for financial sense( if you expect gold to go up) just to buy AAZ and keep the employees and use their experience and expertise. Time will tell.

[zhockey] 08/12/2016 16:31

It's all about the gold sentiment, it maps to the AAZ pattern perfectly. If gold sells off hard in the next week so will AAZ, it it rallies so will AAZ. It really is as simple as that.

When we get exploration news, that may, depending on the significance, cause a rerating.

Matt, regarding you earlier post about Chovdar. Azergold have hired a lot of geologists and as we see from the tender announcements they are moving forwards independently it seems.

[celeritas] 08/12/2016 15:37

Interesting points regarding Azergold. So the points are Azergold could buy aaz or AAZ will be offered more licences.
Azergold buying aaz makes sense as its bought all the other assets in the country.

I guess Reza with his holding will decide which way.

[mattmcdowell] 08/12/2016 15:15

I think a retrace to sub 23 is bound for this. Just not enough buying enthusiasm to get over 30 again. Needs a good RNS

[jbravo2] 08/12/2016 15:00

Communism?
If that means we get AIMROC properties, or we get bought at, what was it jbe said, £1.20, then sign me up. I'm a true red!

[brasso3] 08/12/2016 14:58

I will be happy with a red day today and let the price settle.

[zhockey] 08/12/2016 14:58

You guys appear to be advocating communism?? :)

[jbe81] 08/12/2016 14:54

And nice to see some healthy debate here

[jbe81] 08/12/2016 14:53

My point was that by accumulating the first 30 per cent at low levels you got a cerca 80 per cent discount on the first 30percent, stating the obvious I know.
Time will tell, at the time I was 100 per cent convinced, now it is less than 100 per cent, but it is far from impossible.

[jbravo2] 08/12/2016 14:45

Good chat today. As I recall when you offered your thoughts jbe the only bit I said I didn't think was happening was that someone would be accumulating stock here prior to offering for the co.
I saw there was no need, you only have to convince two people to sell up and you've effectively got the company anyway.
I've changed my mind that that could now be happening and am now persuaded a large buyer or buyers could have accumulated large amounts of stock. Notice I say could. Edit: oh but theres no way anyone could get 30%. The float is only 50%.

One thing I have never said no to is a tie up somehow in the country.

Do we help AzerGold? Do they buy us? Do we get some of the properties?
I'm not sure, but it makes no sense for all our expertise to be kept separate from the new properties entirely. It makes no sense for two small organisations to run two separate sets of management in the same country in the same business, just 30mi apart.
It makes no sense that AzerGold is suddenly very quiet about its work. Its clearly being set up to be a company of good news for the country. It was proclaimed as it was formed. It was in the press. It clearly isn't going to be a big secret like the last time.
But it still has a website under construction. That's taking a long time isn't it?
They've employed a lot of senior management figures. LinkedIn will show you that.
It's all very intriguing. And the current silence is the biggest giveaway. It's not been set up to be silent. And yet it is. Currently.

I imagine when that changes we will know what's going on.



As for the holdings here... Posters on ADVFN holding 3-5% brasso? And the rest. I know matt and I hold more than the bottom estimate between us.
I go with closer to matt's call of 10%.

[mattjos] 08/12/2016 14:44

zhockey .. what would you do?
shell out for new plant & equipment, recruit new staff (who will likely not even believe they would get paid) and go through the whole 15 year learning curve?
the last attempt to shirt-cut the process by inexperienced people was a disaster. The old mine manager has been interviewed as saying just this.

[zhockey] 08/12/2016 14:37

Considering the finances of the country in a low oil price environment, I do not believe they would shell out £100M+ for AAZ. They already have Chovdar to deal with and who knows how much that cost.

Our best hope for rerating is through exploration IMO.

[jbe81] 08/12/2016 14:31

Is certainly well over 5 percent

[jbe81] 08/12/2016 14:27

And since AAZ was at 4p how many shares have been traded?

And yes the amount of shares held by long term holders here with no intention of trading is quite something and a reason this will rise very quickly.

[brasso3] 08/12/2016 14:22

There is only 40% of the stock in free float so there is no way anyone can accumulate 30%. I would imagine the posters on ADVFN account for 3 - 5% of that free float.

[jbe81] 08/12/2016 14:13

And as an average if you got some sub 10p and a lot at sub 20p and some sub 30p, that leaves room for some at sub 40p and sub 50p

[jbe81] 08/12/2016 14:11

There has been substantial buying since 4p, at once stage there were 100k trades at least once a day for 3 months, would be easily possible. Bashirov was really within the rules was he, might mean somebody else would be less inclined to be. Anyway it was about a month ago I posted my thoughts(maybe longer, you commented on them at the time), maybe jbravo wants to offer his today..

[mattjos] 08/12/2016 14:00

jbe .. "Assuming Azergold was taking over the company and bought the first 30 per cent at an average of sub 30p"

not sure how you can think that ... I don't see how any one person or entity can have amassed anything like that stake.

I do think though the company might suggest to its advisors that a 'reminder' RNS re declaration of Holdings obligations might be a sensible idea.

[jbe81] 08/12/2016 13:58

The reason to buy here is the value not the hope of a takeover

[jbe81] 08/12/2016 13:57

Agreed Matt