Anglo Asian Mining Share Discussion Threads

[mattjos] 08/5/2018 20:41

S0lis .. I believe so. looks to me like it will be 55p before much in the way of a pause now.

[mattjos] 08/5/2018 20:32

just caught up briefly on SOLG this eve .... still an explorer only and a long, long way from production.
£441m MKtCap there now with 1.7Bn shares already in issue.

Yes, all their exploration sounds wonderful to date & SOLG advise up to 266 people employed on site at their flagship Cascabel project.

The Russians and Azeris have already done all our initial exploration and much is detailed in the IPO document.
£50m MktCap here now with still only 114m shares in issue & we have 1,000 people employed and much of that workforce are in production activities, producing cashflow and profits.

It is pretty daft that SOLG is valued 9 times higher than we are .. beyond logical explanation to me.

[s0lis] 08/5/2018 20:21

Mattjos

Did we break out of a pennant today ? I see that as a good signal.

[jbe81] 08/5/2018 19:38

Some good trades today, the auctions tomorrow will tell the story, looks set for a big move up.

[cyberbub] 08/5/2018 19:15

That's a fairly decent chunk, I wonder if they might just have sold out?

[mattjos] 08/5/2018 18:03

Seller got Paid 42.35p for 120k chunk after hours

[mattjos] 08/5/2018 17:14

Sometimes helpful to look at this things on a longer timeframe. On a monthly basis, we have failed to close above the 41.5p level since start of the year but, looking better so far this month.

Over same time period (since start of year) the Weekly barrier has been at 43.5p.

So, an end of week close over 43.5p would clearly be a big signal that we are now back on the move again

[2sporrans] 08/5/2018 17:04

Very encouraging price action on yet another day the POG got chiselled down on account of the rising $.
Solid buying spree, then the sellers only turned up with 44p on the bid and selling ceased last 10 mins of trade after the bid retrace to 43p.
The final 44p uncrossing trade was neutral at worst.

Another day like this and we may well be looking at a price breakout into the high 40s.


The POG priced in currencies other than $US continues to put in a steady, sustained appreciation.
I think this is noteworthy:



Again, think of all the Manats the $revenue is buying AAZ to pay its labour, contractors, suppliers....

[mattjos] 08/5/2018 16:46

Well, whoever it is, they won't last for ever & I simply see it as another 'Bashirov' type buying opportunity

[lefrene] 08/5/2018 16:29

Mattjos, of course it's conjecture re PWC, but those largish sells (25k & 50k) were absent on Friday, but resumed again today. Until the Beaufort scandal it was unusual to see anything above 20k here, indeed I found I couldn't buy greater than 15k at a time when I acquired my small holding. Whatever has been going (if anything at all), its allowed buyers to accumulate without pushing the price up.

[mattjos] 08/5/2018 16:19

had a few more also. Definitely been increased strength in the Bid today

[modform] 08/5/2018 16:10

Limit order has been the best way of buying these, but only partially filled, it has been opened for a few weeks, but bid is strengthening so decided to add some more. Don't understand why it's so cheap, could be Russian connection. EVR another Russian steel producer on a per of 8 with 9% yield, you could have bought them at 360 after the Syria attack, the market reaction to news has been crazy.

[modform] 08/5/2018 16:03

Added another 10k shares, the chart is starting to look very bullish

[basem1] 08/5/2018 15:53

Here's our 55-60p move

[mattjos] 08/5/2018 15:00

lefrene, we none of us know if this is PWC/Beaufort selling. Its only conjecture.

Sellers always run out of stock at some point .. usually when least expected.

[lefrene] 08/5/2018 14:48

All the more for PWC to feed! Seriously I see that PWC are telling clients of Beauforts they face a 40% haircut. A salutary tale for anyone who thought their holdings with a broker were their own property, when it now is clear that your holdings in fact belong to the broker. Perhaps some new legislation will follow in the aftermath?

[mattjos] 08/5/2018 13:57

interesting auction now. background demand seems to be increasing today

[lefrene] 08/5/2018 13:50

Looks like PWC are back from their long weekend!

[terropol] 08/5/2018 11:36

Some body bought 84791 at 42.5p in auction.
Was it due to the presentation...
Good morning all.

[abbotslynn] 07/5/2018 10:52

I have lots more AIM listed Tern money to now invest here

[mad foetus] 07/5/2018 07:24

modform, I was joshing! Don't worry, won't be long before we are rich here. But the board really should sort out their PR and get a broker that can increase volumes and reduce the spread. The results, when they come, should stupify.

[catsick] 07/5/2018 06:40

Interesting to see stockopedia has a 2017 profit estimate of 3.5m usd and just 1m for 2018, now I dont know how massive the depreciation charge is going to be but 1m profit for 2018is just a massive under guess .... the 2017 accounts should make very interesting reading !

[modform] 05/5/2018 18:35

mad, you certainly have a dark side, lol..90% buy and the price didn't move, proves it's rigged... really? Less than £5000 worth of shares traded, do you expect a lift in the share price based on such a low volume.Having said that, I haven't followed this share, so maybe it moves on such low volume.

[goodgrief] 04/5/2018 18:10

httpS://www.ft.com/content/167e8a16-48a7-11e8-8ee8-cae73aab7ccb