Anglo Asian Mining Share Discussion Threads

[archlight] 18/4/2018 12:01

Jesse Livermore never traded the AIM. Its a graveyard for sitting tight.
I've done well here and solg but slaughtered everywhere else over 7 years.

[celeritas] 18/4/2018 11:41

Nex trades today

18/04/2018 11:29 10,000 43.95
18/04/2018 10:18 11,000 43.68
18/04/2018 08:55 10,000 43
18/04/2018 08:20 11,441 43.7

[celeritas] 18/4/2018 11:31

Had a few more.

[lefrene] 18/4/2018 10:44

Sitting is all very well, but you have to be certain of the quality of the seat! With AAZ the quality is evident, particularly so in the measured execution of their plan by the management. A paragon of excellence compared to most of the grasping, dodgy fly by night chancers and, stuffed shirts that seem to plague AiM.

[mr roper] 18/4/2018 10:31

worth recollecting the words of Jesse Livermore

“It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight! It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets. I’ve known many men who were right at exactly the right time, and began buying or selling stocks when prices were at the very level which should show the greatest profit. And their experience invariably matched mine–that is, they made no real money out of it. Men who can both be right and sit tight are uncommon.

[terropol] 18/4/2018 10:21

Beaufort, talked about in the TIMES today, Reduced assets from 850m to 500m
due to many small stocks held...
Like you said Matt, they (liquidators) have been the sellers. But could have found replacement takers at same price hence pair looking trades....

[lefrene] 18/4/2018 10:17

I'm sure you're right jbravo2.

[jbravo2] 18/4/2018 10:15

It may seem baffling lefrene but its a fairly understandable mix of things.

People are sitting on large gains, they get a bit bored as they go through the "boredom" of a flatish share price for 3 or 4 months rather than the excitement of the quick rises we have seen in-between.
They think to themselves "I bet I can find another due a quick rise" and cash out to get in somewhere else. Perhaps a few manage it, but of course, most won't otherwise this game would be easy.
Too many fancy themselves as hot shot traders rather than investors which is fine if they manage it.

If you've been here as long as a few of us you learn a bit of patience, to leave when we're not even half way through the game seems daft but they're simply convinced they can beat the gains we're going to see here.

Muppets.

[celeritas] 18/4/2018 10:06

Around $6.5b but this was based on much lower gold prices.

[lefrene] 18/4/2018 10:04

Mattjos we should already be several multiples of todays price! :¬) Beats me why anyone sells this at these prices?

[mattjos] 18/4/2018 09:59

Yes, great article that.

AAZ sat on a huge acreage. The Russians and the Azeris know there is a lot of Gold, Copper & Silver there & the IPO Docs clearly show the potential.
We just have to prove it up to modern day standards.
Prove up what the Russians and Azeris believe is there and the price here will be many multiples of todays price.

For first time in AAZ's history we're in a position to really get on and do just that with the drill & with the mapping/modelling software & the cash and human resources.

Very, very exciting times just around the corner

[mattjos] 18/4/2018 09:47

stupid spread again now though

[mattjos] 18/4/2018 09:31

clear break out from the 3 month gently falling wedge now & also from the 3 week rising wedge formed just inside the larger falling one.
First target is 46p

[malcolmmm] 18/4/2018 09:21

Griffin mining GFM has top place on Stockopedia rank 100 with 10 screens passed .AAZ has been promoted with a rank of 91 which is very good with 2 screens passed. I own both but making a lot more out of GFM at the moment.

[11_percent] 18/4/2018 09:19

At last.....starting to get some traction in the share price ......away from 40p.

[edjge2] 18/4/2018 09:12

Someone posted AAZ will move day after results, unbelievable but seems true today. Can buy knowing good results and sit back. My ISA just about filled on April 6, so many bargains, IQE/CPX left out shame that.

[jbravo2] 18/4/2018 08:55

You only need to do two things here.

1) Have the ability to buy shares
2) Have the ability to be patient at times. (Periods of consolidation test ones patience but at least they are only consolidation. Perspective is important. You're not getting spiked. Results catch up and make it cheap again before it heads off up again.)

[jbravo2] 18/4/2018 08:43

Oh resourceful...
Oh zhockey...

Don't join that list folks. Selling at 7p has been shown to be a stupendously bad decision.
Selling at 18p has been shown to be an incredibly bad decision.
Selling at 40-50p will soon be shown to be a hasty foolish decision.

A company valued at <£50m is going to end the year with c$13m debt, $40m cash in the bank, have paid for its new crusher, have >$200m of other plant, paid for its exploration, paid a dividend, announced new finds.

Where else are you going to put your money? Do NOT switch it to one of those miners existing by issuing shares. They are EVERYWHERE. They are easy to find with promises of riches tomorrow.
We are there NOW. This is the year it becomes transparent.


@catsick... great article. Underlines the point I've been making about Gedabek and Ugur. You can either think its a complete fluke to find more resources so close to the mine or you can view it as an inevitability. The further conclusion is there are lots of Ugurs. All will become clear as we declare them.

[return_of_the_apeman] 18/4/2018 08:40

Might sale past 50p as the penny drops

This could be rated at 100 on stockopedia once the next set of figures are published shortly and it gets past 50p based on quality, value and momentum

[mattjos] 18/4/2018 08:39

Beaufort sales are the only reason I can think of why there is a seller about just now .... forced seller so, I am helping them out :-)

[casabella2] 18/4/2018 08:35

Great start to the day

[2sporrans] 18/4/2018 08:34

See where you were coming from on Beaufort Matt; they seem to have been AIM miner focused. Beaufort was broker for:

"Wishbone Gold PLC, PCG Entertainment PLC, MySQUAR Ltd, Conroy Gold & Natural Resources PLC, Karelian Diamond Resources PLC, Cradle Arc PLC, ValiRx PLC, Bezant Resources PLC, Arian Silver Corp, Green & Smart Holdings PLC, Lionsgold Ltd, DekelOil Public Ltd and Cora Gold Ltd....."

[...]

[terropol] 18/4/2018 08:33

50p here we come.
Good morning all.

[mattjos] 18/4/2018 08:28

Not missing anything ... still adding personally. As I said before, this is cheaper now, after the update, then it was before the update! Perverse but true