Anglo Asian Mining Share Discussion Threads

[celeritas] 19/4/2018 16:39

Terrible for Beaufort securities customers, just what wasn't it involved in. I guess some AIM stocks will present a great buying opportunity. PWC look to be managing stock sales but expect a shortfall of £300m as some holdings are completely illiquid.

[mattjos] 19/4/2018 16:27

it's ok .. this morning was a gap up .. although the candle wicks overlapped on the chart, I much prefer to see the candle bodies always matching up. Close at this level tonight will be perfect technically for the rise to continue thereafter.

[lefrene] 19/4/2018 16:02

Looking through historical sales they seem to crank up from 5th April onwards where there is a single 50k sale, subsequent days see larger than usual single lump sales with 16th April being the most active with a string of 40k sales, and the past two days have also seen sizeable (for this) single sales, and earlier today there was a single 50k sale. At a guess it's the Beaufort crash causing distressed selling? One can only guess at how many they were holding as nominee for clients, but over supply in anything will soften the price no matter how good the product is.

[casabella2] 19/4/2018 15:39

Resistance at this price level looks to be strong.Thought we would have had a breakout by now into the high 40s or low 50s.

[mattjos] 19/4/2018 14:53

& also worth remembering that the PSA which AAZ have with the government does contain a specific clause indemnifying AAZ financially were the regs to change subsequent to the date of the PSA .. the PSA is legally structured according to international contract law external to Azerbaijan.

To me, that strongly suggests that AZERGOLD is the 'best fit' in terms of a potential buyer emerging & that AAZ is a unique entity in Azerbaijan right now.

From AZERGOLD's perspective, as/when AAZ prove up the resources, it represents a very strongly cash-generative mining operation, with significant tangible mining assets in-country & very close to Chovdar.

[terropol] 19/4/2018 13:04

Just to remind every body, when Arzergold was set up by the government, it stated "it would control all non ferrous metals" in AZ.
Not seen a statement to say the contrary since.

[return_of_the_apeman] 19/4/2018 12:38

They would probably be more than happy for Reza to stay on. Also he might be keen too.

Just my thoughts as always

[crazycoops] 19/4/2018 11:32

Re: takeover Matt, I too have subscribed to the Azergold theory and your scenario would fit well with Reza's retirement from an executive role. However, I have also wondered whether AAZ would be a good fit for a company like CAML, especially once debt is paid down and a divi starts. Nothing but idle musing on my part (I hold both).Regarding Beaufort Sec, it is shocking to hear that nominee account holders have been defrauded in this way. I hope none of the regulars here have been affected.

[return_of_the_apeman] 19/4/2018 10:39

That's the theory

[lefrene] 19/4/2018 10:18

Thank you Mattjos, it creates an opportunity to acquire stock at a distressed price, it might lead to a distinct rise once the supply is cleared?

[mattjos] 19/4/2018 10:09

I believe that is a strong possibility lefrene & would explain how the stock is being offered via the Auction process and not through a named MM on the book.
If so, it is a short-term anomaly as the seller is a forced one

[lefrene] 19/4/2018 10:02

I read yesterday of the mess that Beauforts got into and how liquidators are disposing of assets. It appears that they held a lot of stock in their own name and thus many of their nominee clients are going to lose a lot of money. I must admit I didn't realise such a thing could happen! So is it this liquidation process that might be bringing AAZ stock to the market?

[mattjos] 19/4/2018 09:55

loaf .... the most likely source of a bid would be from the state owned AZERGOLD who operate the nearby Chovdar gold mine however, I do not think they would do so until such time as AAZ have proven up reserves to something approaching the figures that the Russians showed in their exploration.

Perverse as it may sound, I don't think AZERGOLD will mind paying a higher price once that is done as, if they were to bid now, they would only have to do then go through the same exploration process themselves.

This is often discussed on here and is why, imo, this year is the pivotal year for AAZ in so many different ways

[mattjos] 19/4/2018 09:49

this is trading like a pseudo-SETS stock more recently .. its the price set during the intra-day auctions that is dominant and not the price set by the MM's out of the auction process.
The seller is loading the Offer in the auctions at 44p with 50k of stock .... just like he did when this broke out of the 30p consolidation area. As if that is the only real source of liquidity just now.

[loafofbread] 19/4/2018 09:31

Is there anything to stop a take over of AZZ if it came along.

Govt stake/license etc?

[bleepy] 19/4/2018 09:22

Copper prices looking healthy, conituing rise over last 30days.

[edjge2] 19/4/2018 08:38

Perhaps realisation is hitting that Israelis will not tolerate Iran and Obahma nuclear agreement unlikely honoured by Trump.

[malcolmmm] 19/4/2018 08:21

Looking like at $1356 Gold maybe breaking to the upside at last

[return_of_the_apeman] 18/4/2018 16:37

Just re-read the last rns. Some massive hints in there to outperformance of targets during the next 2 qtrs ;-)

[jbravo2] 18/4/2018 15:43

Gold price was good enough in first quarter, and its even better so far this quarter.
Current price is worth an extra $2m/yr over the results we got from the first quarter and they boggled my brain
:)
Whoever splashed out for that 100k shares this morning will see their money doubled in a year

[terropol] 18/4/2018 15:23

Gold looking good at over $1350, will it stick this time??
Now we need to break this 45p resistance and crack the 50p barrier.
Then we will be up and running...

[catsick] 18/4/2018 12:57

Yes I was going to say he's not the best person to put up as a guru given he lost all his money and blew his brains out in a flop house, he was totally into patterns and feel for the market and not fundamentals, but he did have some time at the top...

[celeritas] 18/4/2018 12:48

Jesse Livermore traded in bucket shops. The boy plunger who made a fortune but also went bust at least 4x. He committed suicide in a hotel cloakroom. Ive read his story about 3x and still cant get my head around why he married a woman who's 4 previous husbands had all committed suicide. Livermore was number 5.
Jesse's son also committed suicide as did his grandson.

Would make a great film.

[jbravo2] 18/4/2018 12:05

Of course arch.
If you're in one of the many AIM stocks that exist by issuing shares you exactly need to time entry and exit carefully. Probably multiple times.
The key part is to be in a share that doesn't owe its existence to endless supplies of fresh money from shares... usually at ever decreasing prices.