Anglo Asian Mining Share Discussion Threads

[bleepy] 26/3/2018 18:28

That’s useful Mattjos as again there is much detail yet to be revealed under closer examination of the report.

[mattjos] 26/3/2018 18:05

Added a new Button on the header with click through link to today's report

[jeanesy] 26/3/2018 17:34

Thats a great start to the week. Pog also doing well. The bonus of having a broker who is totally out of touch means that some are able to buy more at this level.For how much longer though?

[mattjos] 26/3/2018 16:44

The more I read the report, the more convinced I get as to AAZ's ability to ultimately prove up the resources on their acreage to figures detailed in the IPO docs, if not even more than that.

It truly demonstrates the company's ability to flesh out in fine detail & very much to modern standards, exactly what the drill encounters. That is now undisputable to all observers.

We've got the known resources and the processing ability to keep a healthy cashflow & good profits going for many years ahead, thereby keep the drills turning. The data models will keep growing in size and accuracy & the resources will keep growing in size with each update. JORC's will follow along in good time but, todays news is really like a sneak preview of how well established they already are in this process now.
Iterative experience for the staff & Stephens's experience will accelerate the process and help them become ever more accurate with placing the drill bits.

The company has never, in its history, been so well set, imo ... this should now go on to easily exceed the previous 80p highs

Great action in the closing auction today also ... the buyer waited to see what was signalled in Round 1 of the auction & then cleaned out all the seller was offering in one hit for 25k at 41p. Not seen that sort of buying action for a long, long time here.
Those that missed the 9am RNS today will see it tonight & should lead to further buying tomorrow + the true meaning of todays news will slowly sink in to all.

Well done AAZ and greatly appreciate sharing what is a very technical update

[edjge2] 26/3/2018 16:21

Goldrush on the up 10%+ will do me

[goldrush] 26/3/2018 15:39

Only a 15,000 purchase ( Edit ..followed by a 1,000) has now moved L2 to 2 v 1 @ 39 v 41....

Now gone....L2 strengthened to now 3x39p v 2x42p ....someone was asking last week why the price was not moving and the big spread .....now try to buy in quantity....when this moves ...it moves....

[mattjos] 26/3/2018 15:34

nada online again

[bleepy] 26/3/2018 15:28

Another black swan moving pog....

The United States and its European allies are expelling dozens of Russian diplomats in a co-ordinated response to the poisoning of a former Russian spy in the UK.
US President Donald Trump has ordered 60 Russian diplomats to leave the country.
Germany, France, Ukraine, Canada and various European countries have also expelled envoys.

[goldrush] 26/3/2018 15:22

Now No 37 on the Top Gainers List !! ....and we haven’t warmed up yet .....

L2 now strengthened ....only 2 on the Offer of 41p and very little stock around IMHO

[mattjos] 26/3/2018 15:18

me too ... would rather buy now at this price and switch after 5th April

[celeritas] 26/3/2018 15:17

Added, might be way higher come ISA season.

[mattjos] 26/3/2018 15:14

gone extremely tight all of a sudden and nothing offered online

[celeritas] 26/3/2018 14:55

I expect a few are waiting to buy come the new ISA season, me being one of them.

[jbe81] 26/3/2018 14:55

Would certainly expect to see a lot of buying in the new tax year. share price should perform very well in April.

[lefrene] 26/3/2018 14:51

Gold just popped over $1350, every little helps! Or not, as the case here.

[jbravo2] 26/3/2018 14:37

Well agreed a baffling lack of interest.
I suspect a few a waiting for the end of the tax year, as that might see off the seller we've had for a few weeks, and of course free up another ISA allowance for everyone.

Perhaps a few are also waiting for the results, the Q1 numbers and any news on dividends.

Oh well, there are far worse companies to sit and wait in.
Another day, another 200+oz.

AAZ: digging it up and processing it (cheaper than most) then selling it for fat profits.

[catsick] 26/3/2018 14:27

I think they got the spring forward fall backwards guff the wrong way round hence the 9am rns .....

[return_of_the_apeman] 26/3/2018 14:18

Could it be that we are all fully invested?

If anyone is up for it perhsps a post on Stockopedia would help define the value here to new investors

Something like this possibly

hxxps://www.stockopedia.com/content/amerisur-resources-the-jigsaw-comes-together-244473/

However, I feel I would not do full justice to the company if I wrote it

Regards

Lazy and illiterate ape

[mattjos] 26/3/2018 14:15

9am RNS will have caused many to miss it Catsick. Should get seen by more after close today.

I do think quite a few investors need this sort of thing spelling out in a very simple & unarguable fashion. That is of course why we supposedly have share price Angel & St. Brides but, unfortunately for us, neither is up to much other than collecting fees.

No matter, the company itself could not be doing more both operationally & on the exploration front. Just have to look at these things like any company views marketing efforts ... the drip, drip, drip effect of good news may take longer but, the message will finally dawn on a larger audience.

[celeritas] 26/3/2018 14:12

Probably waiting for 1st qtr which is a little silly really.
If 18k is beaten then I expect stock will be very tight and hard to get hold of.

[catsick] 26/3/2018 14:02

Its amazing only 60k shares have traded today, clearly there is no market at the moment

[bleepy] 26/3/2018 13:23

Would not be surprised to hear of a change of broker. Probably been bottom of the list for Aaz until now.
Aaz drum section continues to grow at pace and in need of professionals to replace the tin pan drummer we have at present.

[lefrene] 26/3/2018 13:17

return-of-the-apeman, "if the company chose to" are my words. Yes I'm aware that the company could dispose with debt altogether very quickly if it chose to, but sometimes there may be accounting reasons to keep some debt on the books? (perhaps to keep in with the local banks/bankers?) As you say the company is rapidly becoming something of a cash cow. Makes the current rating even more bizarre, given the strong financial position, the highly efficient use of capital and equipment and now a growing inventory of relatively accessible high grade ore. One is inclined to wonder what else it is that they could get so dreadfully wrong!!

[jbe81] 26/3/2018 13:04

Might take longer than 2 months, Matt. Q1 results should make VERY good reading

[goldrush] 26/3/2018 13:04

Mattjos as you say in 12219 a record Q1, profitable FY 2017, JORC Upgrade and then a maiden dividend....maiden dividend guidance also maybe what the brokers are waiting on....but to sit back to reflect and think that the $35 increase in the gold price over the last week or so is enough alone to pay US 0.02c(2 cents) dividend a 4% yield from today’s share price !!.....we are clearly in a good space.....which can get better ....IMHO