Anglo Asian Mining Share Discussion Threads

[el_duderino_7885] 25/7/2017 20:00

I wouldn't normally listen to anything on (Sh) itco.

But yes of course it's the hedge fund algorithms. And they are mainly programmed to sell and buy gold based on the dollar/yen, and to a lesser extent interest rates - (bond yields) and the ViX.

This is why the wash and rinse cycle continues as gold continues to be gamed.

Where the banks come in is "printing" almost unlimited naked shorts to try and keep gold within certain ranges and manipulating exchange rates. Once they have squashed the algo driven demand by their fake supply of naked shorts they bring the hammer down and rinse out the speculators and make a fortune.

What's compelling right now is that the banks seem to be short covering more than we've seen in a very long time whilst the hedge fund shorts are also at extremes. It's a very bullish set up for paper gold and silver.

[el_duderino_7885] 25/7/2017 19:00

Work had been insane so barely had a chance to read through the RNS but all looked very positive at first glance.

I'll be looking to increase my investment here soon.

Copper threatening to post the highest daily close in two years!! All bodes well for silver prices too. I'm expecting silver to explode very soon.

AAZ chart showing a clear breakout too! Where is Zhockey???

[mattjos] 25/7/2017 18:23

that might not seem like much but, in terms of the gold chart, it would put us here, where the Blue cross is over on the right ..... would be difficult to argue, from a chart perspective, that Gold had not then certainly broken out of its consolidation pennant


free stock charts from uk.advfn.com

[mattjos] 25/7/2017 17:59

Statistics would suggest the next two months will be good for gold.
AVG 1.4% gains in August & 2.5% in September

$1,250 + 1.4% = $1,267
$1,267 + 2.5% = $1,299

[catsick] 25/7/2017 17:51

Looks like its all very well set up now the oxide is going to be really cheap to mine soft and right at the surface so no overburden to strip at all, its going to be super cheap to extract and perfect to blend in with the sulphide which the have had too much of to deal with. If they use a 50/50 mix they can maintain current production for 8 years without finding another ounce of gold, plus it looks like there are some nice high grades in the underground continuation of gedabek in addition to the 400k oz of sulphide they still have there with all of its copper, the debt is already well withon the range to be expected for a producer of 60k oz so these should be re rated soon given they can now clearly maintain production for many years while having some exciting exploration prospects.

[ferries5] 25/7/2017 17:06

As of June 30, 2017,

Anglo-Asian Mining owes $11M to Azerbaijani banks


As of June 30, 2017, Anglo-Asian Mining PLC’s debt on loans stood at $30.4 million, according to annual report and accounts.

The company owes $6.2 million to Amsterdam Trade Bank, $6.2 million to Gazprombank, $6.2 million to PASHA Bank, $3.9 million to International Bank of Azerbaijan, $2.6 million to Yapi Kredi Bankasi A.S., $0.5 million to Kapital Bank, $0.5 million to Atlas Copco, APA reports.
Anglo Asian Mining borrowed $3.8 million loan from eth director.

[bleepy] 25/7/2017 14:32

Mattjos

Perhaps a graph showing copper price in the header as its new found value beginning to emerge.

[bleepy] 25/7/2017 14:27

A fully electric version of the Mini going into production in 2019 at Crowley

Good news for copper with motor manufactures committing to all electrified vehicles.

[ilostthelot] 25/7/2017 14:22

Looking good for sustained run Higher after the news.Solid company that keeps on delivering. Happy to hold 😊


Just think when we have no debt and producing 100 k a year with 500k reserve's. what will the value be then?

[jbe81] 25/7/2017 14:17

Big move in copper price today

[mattjos] 25/7/2017 12:04

nearly regained back to the 38.2% retracement level now so, already a 50% gain for those that bought around the 15.25p level recently :-) but, still far, far too cheap.

Welcome back jeansie :-)

[cannonfodd3r] 25/7/2017 11:27

Nice to see some movement after a lot of time spent sitting waiting. What is clear is that any on the fence sold and those left just sat tight, so I imagine there's very little stock if any in free float.

Exciting times

[jeanesy] 25/7/2017 10:48

Certainly is , price moving up strongly as MM's try to get some shares !!

[x54v] 25/7/2017 10:37

Certainly a strong move today.

Buyers maybe just catching up on the news.

[basem1] 25/7/2017 10:36

In with 2 x 15k and 1 x 10, missed the news yesterday as on holiday. Looking very strong again.

[slavy] 25/7/2017 10:31

Welcome back jeanesy

Bit of momentum building here

[x54v] 25/7/2017 10:19

Breaking to new highs. Looks good.

[jeanesy] 25/7/2017 10:08

Looks like my last comment did the trick!!

[jeanesy] 25/7/2017 09:49

Recent news was encouraging although I thought some of the grades from samples were a on the low side. 192k was more than I was expecting though. A few chunky 50k buys going through . Shareprice still not really ticking up though yet.Just before certain people have a go i have decided to re-invest some of gains that i made when i sold here some time ago, so i am a holder again. I promise i will try and not fret/moan about the shareprice !!

[celeritas] 25/7/2017 09:41

The mkt cap is an anomaly. The enterprise value is actually lower than a couple of months back in real terms once you price in recent news.
I'm sure this is due to no one far beyond this thread actually knowing about it.

[jbravo2] 25/7/2017 08:04

Printing money right now