Anglo Asian Mining Share Discussion Threads

[mattjos] 17/5/2018 15:15

well done modform .. I have been persistently locked out of buying online pretty much all day. very irritating

[modform] 17/5/2018 15:08

Added 20k shares at 44p, fill or kill

[mattjos] 17/5/2018 15:03

still cant buy any :-) .. pretty ridiculous. MM's must soon realise that swift drop is not liberating the stock they want as is met with wall of buying

[lefrene] 17/5/2018 14:25

Surely not those squeaky clean MM's on AiM!

[mad foetus] 17/5/2018 14:20

It's not being given away because the MMs won't sell it! If results are good you can buy more shares for £1

[lefrene] 17/5/2018 14:19

A gross profit likely to be equal to the current market cap, almost no debt and lots of assets in the form of equipment and prospect leases. It's being given away!

[lefrene] 17/5/2018 13:13

Welcome to AiM the honest market place! :¬) Is somebody out there accumulating? Perhaps a phone call to PWC might garner some more?

[mattjos] 17/5/2018 12:41

what a surprise! ... Max 100 shares offered online. Negotiated trade for anything else.
This has just been engineered to scare a few out & collect what they can

[joey wilson] 17/5/2018 12:19

I doubt FY 17 will do it but if all goes to plan 1/2 yr FY18 will do Sept time.

[catsick] 17/5/2018 12:02

Should also be zero net debt in about 7 or 8 weeks time round about when the q2 results are out they should be able to say net debt at 30th june 2 or 3 mio usd and now zero ...then no reason at all to be on such a lowly valuation.....

[mattjos] 17/5/2018 11:57

market clearly is not going to believe it, until it has it printed in the FY17 RNS next week.

As long term investors and familiar with the company & its financial metrics we probably know more a bit more than the broader market does at this stage so, just seems a case of waiting it out and seeing the RNS next week & the following newsflow as progress continues this year.

At some point, the penny will drop but, until then, patience is required as ever.

[lefrene] 17/5/2018 11:44

AAZ is indeed an oddity, the market cap now is just about the same as their likely gross profit this year, and with debt fast disappearing. Surely some other miner is going to buy them out? It's now a cash cow, and very likely to turn up substantial reserves from those old Soviet surveys. Excellent managers, but apparently very poor salesmen when it comes to promoting the value of the business.

Perhaps a novelty such as paying a divi in gold coins held in a Swiss Bank might get them noticed :¬ )

[celeritas] 17/5/2018 10:09

Had some Mr Roper, dodgy part of the world so always made me edgy, in hindsight I should have kept hold.

[crazycoops] 17/5/2018 10:00

AAZ gets a mention today in a note from share price Angel on the electrification of airplanes. A tenuous link perhaps but the summary of the business is fair (mainly a regurgitation of 2018 news) and good to get a mention alongside other high quality companies such as Victrex (which I also hold) - viewable via Research Tree.

[mr roper] 17/5/2018 09:43

I’ve got my fingers and toes crossed for a positive shock next week, mf

[mad foetus] 17/5/2018 09:42

Most of the oilers are mental at the moment but GENL and GKP are tearing their own faces off, literally. I really hope AAZ don't hold back with the results. The potential for a positive shock to the share price is immense

[scottishfield] 17/5/2018 09:41

blimey, see what you mean, just looked. V well done

[mr roper] 17/5/2018 09:40

Had to hold my nose, sf.

[scottishfield] 17/5/2018 09:38

Not currently no,

[mad foetus] 17/5/2018 09:32

The spread here is ridiculous though. Something to raise with the board.

[mr roper] 17/5/2018 09:32

Thanks, gents. Hopefully the results and forward statements will make us very happy next week.

O/T either of you still have an interest in the Kurd Dog? I bought some a few months back and it’s on a heck of a run.