Anglo Asian Mining Share Discussion Threads

[jbravo2] 11/10/2017 17:16

That's the way gadolinium.
Ride the winners. Too many sell up early.
This will more than double before year end and as others have pointed out should be 4x this by this time next year.

If AAZ choose to they could be debt free by this time next year. With a plant worth $200m to process whatever they're digging up.
(I think they'll choose other things to focus the money on before debt reaches zero though)

[gadolinium] 11/10/2017 16:50

This is my first and probably only post here, but I just wanted to thank Jbe81 for his tip on this share on the Iofina tipsters thread. It has served me very well (unlike IOF)and although I traded in and out of these for modest profits at the beginning I am now holding tight to my remaining core holding at ca. 150% up.
thanks again.

[mattjos] 11/10/2017 16:18

who knows :-)
Friday or Tuesday would be a clear departure from the norm so, if it ain't tomorrow then likely Monday.

[gutterhead] 11/10/2017 16:16

Hopefully tomorrow, likely next week

[mattjos] 11/10/2017 16:13

History of Q3 Update RNS’s:

13/10/16 – Thursday
14/10/15 – Wednesday
15/10/14 – Wednesday
10/10/13 – Thursday
08/10/12 – Monday
17/10/11 – Monday
04/10/10 – Monday

All at 7am

[crazycoops] 11/10/2017 15:57

That's terrific performance basem1. I'm up over 50% this year and have fairly modest needs, so am certainly a happy bunny. Generally speaking, I am looking to reduce the volatility in my portfolio and increase consistency and resilience. To that end, I am currently 13% cash and 2% hedge with the aim of increasing my holdings to around 45-50 over the next 3-6 months. 10-20% a year would do me nicely from now 'till eternity! Most of my holdings are divi paying, so as long as biz performance is good, I can largely ignore market gyrations. AAZ is one of a few earlier stage, more speculative holdings.I diarise my portfolio here if anyone is interested - not to brag but to learn and hold myself accountable.I also agree with catsick that by having a diverse and large number of holdings, you can see where the momentum is which is both interesting and useful perhaps.

[terropol] 11/10/2017 14:12

Well done BASEM1.

[basem1] 11/10/2017 13:50

I've thought long and hard about the number, I've found that the more you have the less you make. For eg, if you have 50 you'll probably have 20 that outperform, 20 that underperform and 10 that do nothing. And it all cancels each other out. I'm 400% up since Jan 2016 using my strategy. I'm probably watching 100 stocks so I always have plenty of trading firepower.

[catsick] 11/10/2017 13:49

The gap in ggp today would probably have you very worried matt about something that needs to be filled in at some point .....

[catsick] 11/10/2017 13:41

Only 30 ? I have over 100 across equities and bonds which is a bit messy to keep track of to say the least, but I find it helps to work out what you want to have larger positions in and have exposure to lots of diverse markets which all are interesting at one time or other ...

[mattjos] 11/10/2017 13:05

quite happy for it to sit like this now till close of market. Nice black candlestick closing the gap and that will remove the small concern as far as I am concerned.

Gold is simmering nicely and readying itself for the return over $1,300 this next week or so & Silver chart looks very similar.

Bring on the news now please AAZ

[basem1] 11/10/2017 12:43

Coops - 30 stocks ?? Bloody hell how do you keep all those under control ? 10 at any one time is my limit. After all playing on AiM is like looking after preschool kids, as soon as you've got one sorted, another misbehaves. I'm upto 10 at present but wish to hold 2 more so I'm deciding which to chop and when. I always like £20/25k cash for trading opportunities as you make more from these opportunities than holding all stock.

[jbravo2] 11/10/2017 10:51

:D Nice matt

Very true coops. We all play our own game.

[crazycoops] 11/10/2017 10:50

Showing a small drop on the mid Matt, is that your gap filled?JB - there is also the issue of risk management. Depending on one's circumstances or attitude to risk, putting too much into a single share can be too high a risk. AAZ has become my 2nd largest holding (out of 30) and if it goes on the journey we are expecting, I will top slice along the way (I already top sliced some a couple of weeks ago) #portfoliomanagement - there are many drivers behind buy/sell decisions and not all of them are stock specific.

[mattjos] 11/10/2017 10:48

gap filled now. Jolly good

[jbravo2] 11/10/2017 10:35

Yes, there always is 2sporrans.

Lets face it the majority of investors don't read this board.
Then of those who do the majority are traders. They want the "excitement" of getting in and out of shares. They think it's the way professionals make money.

Then even of those who invest longer term there are times you need to sell for other reasons (ok year end tax is still a way off but perhaps some still move that far ahead) and of course the odd one who needs a new car or house extension.

It doesn't leave many prepared to accumulate.

Put me down in that small subset though. Latest purchase was only this week.
More in this share than in any other share I've ever owned.


No sporrans, the LSE board isn't of interest to me. Recent history would appear to suggest another de-ramper regretting taking his 10-20% gain and desperately trying to talk it down to get back in?
Add him to the list!
Sheesh.
If you're a trader and you make a wrong call its no big deal, but cutting off your nose to spite your face and not re-entering shows just why you shouldn't be trading. It's become an emotional decision not a rational one.
On the whole though the board seems to offer little of value.


Yes, news of the crusher may come soon. As I said from the proactive event John said they were looking into getting one from Ersil. The lot who've supplied all the mills etc up to now.

Agreed catsick. I've got 90koz+ for 2018. I'm not so sure we'll be top end of the range for 2017 though. It's a lot of ground to make up and the weather for Nov/Dec is still unknown.

[catsick] 11/10/2017 10:07

You have to think that the forecast for 2018 is going to be raised, there will be a load of extra copper and they will be ripping into the highest grade stuff at ugar as well as some nice high grade stuff coming online from the underground mines, they shut up half the shop this year and will still get to at least 70k I would be disappointed not to see them trying for 85k plus

[jbravo2] 10/10/2017 21:47

He he he.
Nor me. Needless to say. :)


Got to thinking today...
I hope some of the doubters have managed to realise their error and get back in.
You know, the resourcefuls, the zhockeys. There have been others.

I realise they won't ever post on here and become cheerleaders for AAZ because of the "face" they'll be worried about losing. Strange eh? And all on an anonymous forum.
Makes you realise just how emotionally involved people get with their decisions.

[mattjos] 10/10/2017 19:25

Not minded thanks bravo :-)

[jbravo2] 10/10/2017 18:03

Yes, there you go wrighty.
Most of the stuff gone late again.

You could sell 50k at 32.7 at one point today if you were so minded matt.

[mattjos] 10/10/2017 17:46

buyer(s) have picked up most of the loose stock today after the bell again.

The real spread is looking like sell (over 50k) at 32.3 and buy at 33.

Most days 37.5k, buy or sell, is the normal largest single block the MM's will handle but, this rises significantly on the Bid side when the MM's after stock, as they seem to be now.

Thursday this week for the Q3 update would be similar timing to last year. AAZ seem to like either Wednesday or Thursday news-items & 'scheduled' ones are normally at 7am. However, as has been seen here on several prior occasions, unscheduled +ve news-items are often released around lunchtime, presumably as the company agree the wording towards the end of their working day (+3hrs).

Let's see what tomorrow brings :-) .. still time to close this pesky gap, perhaps during an auction, as there is still a buyer signalling he wants some at 31p during the auction

[wrighty46] 10/10/2017 15:02

Normally this would of been hammered down by th Mm's on this small sell volume. Be interested to see any after hours buy if they aren't snapped up before close.

[jailbird] 10/10/2017 14:14

L2 1v2It is weakening today ..may see that drop now