Anglo Asian Mining Share Discussion Threads

[terropol] 22/3/2017 13:07

Redtrend, in the market sentiment keeps changing...and when you have a considerable holding and not being able to keep a close eye on doings, makes change of mind a common action...
I am sure Matt is here to stay and see the £1 per share when it comes.
AAZ will be a £100m company. Only patience needed.
(That is my believe any way)

[jbe81] 22/3/2017 12:46

Did anybody believe the duff locations bit?!

[redtrend] 22/3/2017 12:33

The main issue picked up by zhockey was the complete 180 u-turn. If you had been somewhat sceptical prior to your post, fair enough. But your post raised issues others had stated previously, that you bullishly counter-argued, only suddenly to be of a concern post selling on no "new" news at the time to merit such a u-turn.

If you were overweight and don't have time to keep an eye on AAZ fair enough, but that was not your original reasoning for selling, rather quite a scathing critique on "duff" locations and the BOD to cut the BS

[jbe81] 22/3/2017 12:19

Looks like your timing is good Matt. If you can buy in the quantity you want

[mattjos] 22/3/2017 12:12

zhockey .... why should I not?

I've got a very short window of time when I'm actually in the UK & in the office before travelling again. That means I can put in a little more time here this week.
If the result of my actions is that the majority of my shares remain as along term core holding and the ones I dip in and out of are profitable in that action then, in effect, it's lowering my average buy price for the holding.

If that pans out then, I'm not going to grumble about it. Main thing is I would rather not run such a big holding for extended periods when I am away from the UK & away from seeing what's going on generally. I've learnt that it makes me anxious about it & that is distracting - My priority is my day job as I do have a company to run & try to grow.

[jbe81] 22/3/2017 12:12

nice bit of buying today

[zhockey] 22/3/2017 11:50

Wouldn't a big resource upgrade be nice now, and perhaps 80000oz target next year will Ugur online.

Matt, It appears that after you post sell off rant last week you are now looking to bottom fish back in? That is not exactly cricket is it?

[terropol] 22/3/2017 11:41

Nice to see Gold looking shiny....could not resist and got a few more here. I only have to look at the market cap. and press the button again.
Are we going to crack $1300 in this wave up....?

[mattjos] 21/3/2017 22:54

Hedgehog .. I've recently had some limit guys triggered at-about this level. Not yet back to full strength as time & sentiment on my side still so willing to be patient for another week yet but, end March / start April I would hope to be back at full strength

[el_duderino_7885] 21/3/2017 21:46

Price action in gold is very nice. We need a weekly close over $1,240 to fall outside the current pennant. Then it's a battle at $1,264.

If we beat that the dollar will be breaking down under 99 and the dollar yen under 111 and the sky is the limit!

[hedgehog33] 21/3/2017 21:40

So.. you'll be buying on the speculation again Matt.

[mattjos] 21/3/2017 21:28

Good action in price of gold. Despite a necessity to raise rates, the USA has to somehow get the $ down. All this cobblers in the media about Trump, Russia etc. Could just be a show for all we know.BOE must now be regretting their last rate drop .. was entirely unnecessary and they may be well behind the curve by year end if they do nothing.Maybe inflation will slay deflation this year .. or maybe not. Still looks finely balanced but, given the central bank fear and hatred of deflation, I suspect they will risk inflation getting away from them to ensure avoiding deflation. By start 2018 we could be back in a 70's inflation spiral ... in which case gold will be clear past all time highs.It's a fascinating period and feels like we are perched on a watershed period to me.

[jbe81] 21/3/2017 14:29

Yep. q1 gold production will be down. Will be interesting to see how much, state figures dont account for all of the gold. Will also be interesting to see if revenue with gold price and other metals is significantly down or not. rising gold price still a big positive

[robo15] 21/3/2017 14:23

Jb81
If only we produced a tad more !!

[jbe81] 21/3/2017 13:27

Gold pushing up should help

[jbe81] 21/3/2017 12:42

Can sell a 100k, suggests there is still plenty of demand, will move up with any buying

[redtrend] 20/3/2017 20:50

It's Novruz in Azerbaijan now so probably not that unusual... whole country is pretty much now on holidays for the whole week

[jeanesy] 20/3/2017 18:57

The company and Bill Morgan in particular are normally very quick to reply to emails. Nothing as yet which is very unusual.

[jbravo2] 20/3/2017 18:33

No zhockey, you're getting confused. They haven't been exercised. It doesn't help that matt thought he'd seen a trade which would account for a sale to cover the costs but the RNS reads that the sale will only be made from the shares taken through the options.
Which of course makes sense in case they don't exercise the option.

But as I said at the time, its confusing.
Why do you need to detail the actions the directors will take i.e. will buy on the day before expiry if above a certain price but won't if below that price? Surely that is the approach taken on most options and most companies don't plaster it up in a RNS.

[zhockey] 20/3/2017 18:13

I recall that sold some at excercise to cover the purchase?

[ferries5] 20/3/2017 17:43

Ok maybe not banning but strange

[2sporrans] 20/3/2017 17:37

fwliw, guess we all would appreciate knowing the production stats to end Feb. for gold via floatation and copper/silver concentrate at earliest opportunity; i.e. not wait until some way into April for qtrly release.
Moreso, obviously, an explanation [Grades] for low gold stats that have seeped out so far
Not holding breath.

[2sporrans] 20/3/2017 17:18

Zhockey.
RNS:
hxxp://www.angloasianmining.com/scripts/php/rns_viewer.php?id=25437936
Issued 17Jan17

So they exercise their options to buy the shares 26jul17 if the share price =>13.5p

Seems fairly innocuous to me; significant but certainly not huge volumes/dilution.