Anglo Asian Mining Share Discussion Threads

[catsick] 12/1/2017 12:56

I dont think we can assume drilling results will be good, but we can hope they are,At the current gold price we are still going to make plenty of good cashflow, the big rise we are all looking for will come from either a decent find or a decent rise in gold, the find can only come about through doing lots of drilling and the rise in gold I do not believe can be foretold through charting but is going to require something like a decision by the Chinese to up their gold holdings from 2pct of reserves to more like 5-10 pct , that I believe has been decided to some degree and has started to be acted upon as they sell down their treasury holdings, the US holds 70 pct of its reserves in gold, there is not enough gold in the world for the Chinese to attempt that !

[mattjos] 12/1/2017 12:11

Back in 2010, it was the maiden profit and 30% uplift in resources (based on SGS analysis of drilling) that finally caused the share price to break out through 20p and then go on to over 80p over the next 4 months.

This is shaping up like history might repeat itself this year. The catalyst could well be the imminent announcement of a profitable FY16 and an update on Ugur / Bittibulag / Gadir.

Lets see what the next few days brings

[jbe81] 12/1/2017 11:34

From talking to Stephen Westhead at London he was far from concerned by the lack of gold there, zhockey. Expect 2017 drilling results to be very good, and not just one set.

[terropol] 12/1/2017 11:25

Where is next stop for gold? $1250 quite soon??
Zhockey, I know for quite some time you have been questioning the mining production going forward!

I think we have a brilliant management team, and would they have spent all the money to date without them been very confident of the future??

Even if we produced fresh air, £27m valuation on the very low side.

[deanroberthunt] 12/1/2017 11:23

stupid cheap

[zhockey] 12/1/2017 11:15

Let's hope it stays above 1200 then!

[mattjos] 12/1/2017 11:11

their Hedge on 50% of production to ensure a $1,200 minimum last year, gave us a clear message .... that level for pog would see them right in terms of their forward projections for debt repayment & other costs.

With cost of production this year now even lower, given the electricity connection & evaporator initiatives + further weakening of the Manat, I think we can assume that pog over $1,200 is going to leave AAZ management feeling quite confident

[edjge2] 12/1/2017 11:09

Mattjos one of those pop up triangles, we hope

[mattjos] 12/1/2017 10:16

free stock charts from uk.advfn.com

[catsick] 12/1/2017 09:55

Seems to be moving a long way on zero volume at all, 80k trades and moves it 10pct , I would be a buyer below 20 and a seller of a few above 30, The main thing that will change that is drill results, we need to materially extend the mine life and to do that we should be drilling all over the place..

[zhockey] 12/1/2017 09:32

Scottish it has been hugging the 100 day moving average for the past month. That is what a healthy consolidation looks like. As Matt said good news give give us a spike up but we have to be realistic in the short term to avoid disappointment.

[scottishfield] 12/1/2017 09:03

Morning, a more positive start, perhaps a bit of a support/base forming? & then on from here. Dollar lower & gold price higher augers well imo

[mattjos] 12/1/2017 08:41

Good example how responsive this is now becoming to price of gold & minimal buying volumes.One of these days we will get some exploration news and plenty more might regret their selling. Would be nice if that news came out intra-day rather than at 7am

[2sporrans] 12/1/2017 08:32

But....
Price just leapt 3p; 25.5p or better now!
Quick trawl reveals no news but not checked the Azer sites for production update release.

Just need to remain patient with AAZ.

[edjge2] 12/1/2017 08:18

Not on its AAZ this morning.Thought yestertag was a bye bye chance. Shoukd have waited a bit.

[zhockey] 12/1/2017 08:01

Jeanesy I summarised this in my post a couple of days ago, AAZ have some short term challenges that we are all aware of. Hence the market is a little tentative.

[deanroberthunt] 12/1/2017 07:40

$1200 it is...

[jbe81] 12/1/2017 06:42

Gold touched 1200

[mattjos] 11/1/2017 19:28

Not much to say jeanesy ... the buyer got his 90k over the last 3 days and was not in evidence today so, a small number of sells had a disproportionate effect on the price.Between 0 & 5 trading sessions until next news item is released & then there will be something new to digest.I suspect today's sharp reversal in pog may have caught several out.Trump is a loose cannon in many regards & it appears USA may be presided over by Twitter from now on.

[jeanesy] 11/1/2017 19:13

What is happening with our board? Can we get back to comments that are relevant please ?!! POG has been moving up steadily recently and yet our shareprice has fallen- unlike most other miners ! There have been some quite large sales too. All a tad worrying imo. I cant help but think that the update is going to be disappointing and somehow this has been leaked? ! Im expecting disappointing production last month, but am hoping it will have nothing to do with poor grades, only the very cold weather which always affects our production. News could be as soon as tomorrow , so there isn't long to wait !!!

[saturdaygirl] 11/1/2017 18:38

Yes Gold looking very strong

Thank you Donald .

[puntogt] 11/1/2017 13:10

It is small company not moving up much
....yet. A lot of the rest of the market is going up, hence people get out into what is moving up.

I

[bsg] 11/1/2017 12:41

What do you think is the biggest drag on this:

Debt.
POG.
Possible limited mine life.
PI boredom.