Anglo Asian Mining Share Discussion Threads

[jailbird] 04/9/2017 07:35

GuysWe all want gold up for selfish reasons The question is do we want NK war

[jbe81] 04/9/2017 07:32

Gold and copper flying, should be another very good week for AAZ

[sh0wmethemoney] 03/9/2017 23:19

Gold looking strong tonight following the NK actions over the weekend!

[graylyn1] 03/9/2017 15:02

Finishing touches being made as Anglo Asian gears up for Ugur production

If you missed this it is worth a listen............

[mattjos] 03/9/2017 14:30

imagine gold will shortly start making some much, much bigger intra-day moves upwards. North Korea is hell-bent on pushing & pushing. Trump is gradually boxing himself into a corner with regards what he will do about it.
The US$ is going to remain under pressure with the debt ceiling negotiations imminent and the cost of the recent hurricane to cover.
Now this weekend China looks to be introducing a Yuan denominated oil futures contract backed by physical gold so producers can side-step the US$.
Holiday season is over now. Will be interesting to see if there is some big buying into Gold ETF's from here onwards.

Next target $1,375 for gold to overcome ... we're hovering at $1,325 so a move to $1,350 this week looks next step

[catsick] 03/9/2017 03:57

I am still of the opinion reza needs to get a move on lobbying for a proper mining royalty law / system to be put in place, the more copper they intend to produce the more important it is to get a deal in line with global norms, at a bare minimum getting the psa to match the terms granted to the chovdar mine, now the debt issue is out of the way and the resources are being added to at a rate faster than depletion I think the terms of the psa will be the next issue to hold us back ...

[mattjos] 02/9/2017 20:09

yes, a divi in the years ahead would be a terrific development.
I do wonder about this possibility from 2018 onwards.
Reza will have extended his $4m to the company for a best part of 2 years now.
He's earning 10% on that advance ... rich compared to bank deposit interest but, quite reasonable given the other possible sources the company may have entertained & cheap given the perceived risk at the time.
Soon enough, that will be repaid ... but, in these two years, he may have become rather 'partial' to the coupon of circa $375,000 / annum
An initial 1p / share divi, on a progressive basis & commencing H2 2018, would only cost the company £1.14m but, it would send such a strong message to the market and to investors.
Those that bought in at below 20p would be seeing a 5% yield & I think that would certainly persuade them to hold on tight to their shares. 5% is 10x what they might achieve on deposit.
I also believe Reza would be very comfortable with that ..... at the lows, it was only us PI's that were buyers in the company. Taking on Bashirov's stock when none other would do so .. only now from the mid 20's do I detect the presence of a larger 'non-PI' buyer.
Reza would be very happy to see the loyal long-term PIs so rewarded.

Anyway, that's another 9-12 months away I believe & in within that timeframe we should see the share price well over 80p.

As to his longer-term ambitions .... he has assembled a large & very competent team about him and within the company. He will have a big sense of loyalty to all these people. Many have been with him from the start & are not equity owners.
No true entrepreneur wants to see their creation disappear or, become subsumed by an other entity. To see it grow and flourish beyond their own personal daily input is the true measure of entrepreneurial success, imo.
I'm quite willing to wait and see just what sort of a company this infant grows into.

[jaspoland] 02/9/2017 19:09

Matt many thanks for those posts. I recall your predictions and so far they have worked to a tee. Even at £1 I'll be considering retirement but would like the possibility of a dividend with most of my holding in an ISA. Let's hope AAZ does what you foresee.

[graylyn1] 02/9/2017 16:11

copper price VERY BULLISH

[mattjos] 02/9/2017 15:52

the 50% level took 12 weeks to regain after it fell to the 61.8% level.

Took a couple of weeks to overcome the 38.2% & 23.8% levels

I believe this all to do with investor emotions from the peak .... when it dropped from 34.875p last year, most holders were still very bullish and believed the uptrend was still very much in tact. As it kept falling and people saw their 'paper' profits shrinking so, the negative emotions slowly rise and rise until they become the predominant emotion in the market. It's tough for everyone seeing that drip, drip, drip back down & when it fell back to the sub-19p level, many people capitulated & simply sold out ... zhockey did after 10 years of holding.
So, having finally found a base briefly at 15.25p, the climb back began .. but, the mood was still predominantly negative .. .few 'believed' the trend was now reversed. Not until 20p was broken and back-tested did the majority now believe the new trend is very definitely up.
Since there was relatively little selling at the 38.2% and 23.8% levels on the way down, there is relatively little buying now required to regain and exceed those levels.
Everyone is now looking at the 34.875 level & everyone now knows that once that level is exceeded, there will a buying frenzy that will very quickly push the price towards the 'round number' 50p level.
However, there is not actually much congestion on the chart at 50p ... I think that will be breached relatively quickly. I see a bigger hurdle at the 60p level so, I think we will see a peak of around the 62.5p level and then a narrowing trading range around that 60p level which will form a small flag on the chart ... that will mark the mid-point of the flagpole, in my opinion before we then set off in fine fashion to take out the 80 & 100p levels.

I said early 2016 when I was a buyer in the 4's that should at least 25 bag from that level and am still very much persuaded that we will see this trading over £1 soon.
BUT, there is still the real possibility that we will see nearer £3.40 / share .... that will depend on whether or not gold gets to my target of $4,300/oz. Main thing, is that once we get past 80p (the highs of Wave 1) then, 80p will prove solid and long term support from then onwards so, assuming one is averaged at 80p or less, you should see a profit of some description as/when you sell ... for some it might prove to be a life-changing investment, particularly if Gold breaks out past $1,900 and goes on to make new ATH's.
At those levels & with Copper looking for nearer $9,000/t (my view) then, folk will remain persistently buying this far beyond the £1.30 level.
The last time AAZ hit 80p we had no discernible copper output .. now look at our annual Copper & Silver production? We're at 20x production levels for Copper now & 5x for Silver

[mattjos] 02/9/2017 15:34

same chart, now up to date:


free stock charts from uk.advfn.com

[mattjos] 02/9/2017 15:20

my post 8446, from 17th August is still my current view really:

lovely chart developing nicely. the 23% retracement level at approx. 27.5p clearly the next level to breach and consolidate around now.
Each level back is now taking progressively less & less time to regain and hold above in this uptrend, before off upwards to the next one:

eg. Took 27 trading sessions to break through the 19p level ... took 8 sessions to break through the 22.75p level

Once past 35p, & that will be 4 year highs, there is little by way of volume congestion on the chart until the mid-50's


free stock charts from uk.advfn.com

[jaspoland] 02/9/2017 14:49

Hi Matt, one that shows the future :)
From time to time you've put up charts showing breakout points and Fibonacci. I always enjoyed them and was wondering what they look like now and if everything is still playing out as you expected. Thanks in advance

[mattjos] 02/9/2017 14:29

I cant get the mkt cap to work properly ... will ask ADVFN help.

jaspo .. what sort of chart?

[graylyn1] 02/9/2017 13:53

why does the mkt cap only display 5.97m ? can it be altered, thanks.

[jaspoland] 02/9/2017 13:49

Hi Matt, any chance you could put up a current chart for aaz please?

[mattjos] 02/9/2017 11:26

Thread Header updated with link button to the Benefits of Flotation + Leaching paper by John Monhemius

[jeanesy] 02/9/2017 10:37

Steady as she goes, as its upwards, that will do me. Hopefully another positive week to come. Maybe news on Ugur production, if not then that should be with interims the week after.

[terropol] 01/9/2017 21:55

OK Guys.
If we forget the resources in the ground for a moment.
I would think the infrastructure with all equipment on it is got to be worth at list 100m dollars to any mining activities.
AZ are going to increase their mining activities, hence there should be plenty demand for what we have there.
Put on the top of that the metals underground and licences held for further development.
Now the market cap is about 35m dollars.
Tell me the market is not completely out of touch on this one.

Have a good week end all and see what we get next week.

[graylyn1] 01/9/2017 21:36

bleepy LOL at least its upwards.

I have a really good gut feeling about the metals in general "Copper and Silver" are my favourites in fact Silver is the only metal not to have broken its previous high when all others did so.

I have no doubt that silver has been artificially held back, but I think all is about to change including of course Gold which is why I am drawn to AAZ as it has a good mix, low debt "and shrinking fast" actually making a profit!! coupled with what seems like a good management team along with lots of prospects ha! what`s not to like.

right this old fellas off to bed now.

[mattjos] 01/9/2017 20:12

Clueless bank analyst

[bleepy] 01/9/2017 20:10

Ultra cautious on their copper forecasts, have they not heard every major auto manufacturer committing to EV's with China leading the way for implementation.

[graylyn1] 01/9/2017 18:08

HSBC becomes the latest bank to upgrade its commodity price forecasts