Anglo Asian Mining Share Discussion Threads

[brasso3] 24/5/2018 07:23

Great news. I think this will be part of my SIPP for many years.

[2sporrans] 24/5/2018 07:16

Dividend news the best.
Nice to see AISC confirmed at $604/oz and $29.8-mn cash from operations.
Figures to beat in 2018, esp. the latter.
Just by how much.

[mr roper] 24/5/2018 07:05

Directors planning a dividend! Announcement before end of q3. Superb

[sh0wmethemoney] 23/5/2018 22:39

Well they won't be having any of mine on the sell on news this low for sure!

[mattjos] 23/5/2018 21:43

Nah .. it'll drop. It's done so on every results RNS for last 3 years .. regular as clockwork. The traders always cash in. Always been a great chance to buy. Couple of days later, the penny drops and it rises above the results day price.Punters will only look at the profit figure .. they won't do detailed reading and see the cashflow or how the company is fundamentally growing stronger & stronger with every passing quarter.We took on the debt when interest rates were at historical lows. Now, with rising rates, we've pretty much cleared the debt (remainder is fixed rate and easily manageable).We got the plant when mining was in a slump & therefore good price and lead time. We ran on diesel when it was cheap & switched to electric just before oil rose in price.Management have played a blinder over last 4 years .. credit to them. They are a hugely creditable BOD

[joey wilson] 23/5/2018 21:19

This share seems to make a habit of doing the opposite of what is expected....

[mattjos] 23/5/2018 18:52

Get ready fir the sell on news reaction as per usual .. will be some cheaper ones tomorrow morning first thing :-)

[mad foetus] 23/5/2018 16:33

Well, damp squib today. Results tomorrow?

[lefrene] 23/5/2018 14:26

Thank you for those behind the scenes trades. As you say just pick the phone up and get the job done. Perhaps if it is PWC selling off Beaufort held stock, then they want to be seen to be getting the best individual prices rather than doing a wholesale phone trade?

[celeritas] 23/5/2018 11:32

We could do with gold falling, the share price seems to have done better of late.

[2sporrans] 23/5/2018 11:32

Depends on the buyer Lefrene.
If there's a new institutional buyer or 2 [as discussed here] come into play, then they will have done their homework and looking through to 2019 and beyond to make their money.
They will just buy on the day they decide to invest, when there's enough on the table.
A few pence either way won't concern them much with a decent prospect of doubling their money.

But yes, some e.g. PI momentum trader may well get the jitters having bought the highs of the latest upsurge, the dip goes deep; though modest experience would ingrain that the sort of retrace we've seen is commonplace volatility, signifies very little.
And that 145k of selling was into a rising spread where the offer had risen sharply but the bid barely nudged up.

To think that early last week some stalwarts here bagged a fair few at 41p.
Yet nothing much has materially changed since.

[bumpa33] 23/5/2018 11:16

the current price should look cheap bordering on ridiculous in just 6 weeks, let alone 6 months. H1 update will see to that, if not sooner.

[jimbowen30] 23/5/2018 11:07

Have topped up too - paid 48.89p. The current price will look cheap in 6-12 months time imo.....

[lefrene] 23/5/2018 10:57

2sporrans, people get twitchy, if you bought on Monday at say 54p, and you see the offer continue to drop then you convince yourself that the bid will soon drop too, so you get out to mitigate an increasing loss.

I'm happy to accumulate here because to me it looks like the best value in the whole of the mining sector. An unusually highly competent management in the real world, but somehow have yet to get to grips with the world of talking heads.

I added 10k at just under 48p, will I have had the bargain of the day, or got it wrong?

[2sporrans] 23/5/2018 10:50

OK, so 45k just got sold while writing.
No big deal.

Odd a seller waits until the price has retraced 10% down and sells the dip, just when buying has pushed the offer back out but as the spread grown accordingly the bid has barely nudged up.
Odds are, if they'd waited even minutes, they'd get another 1p; not that that's of any importance to anyone else.

[lefrene] 23/5/2018 10:50

On special offer this morning, so I too picked up a few more.

[2sporrans] 23/5/2018 10:40

All buys this morning [mostly at 47.9p, me included], apart from 2k + 15k on LSE and ~5k on Nex.

Then that buyer that chomps 20k stashes has come into play and the offer back to fully 49p.
Expect will shoot into the 50s again any time soon; maybe see 55p today.
But no probs if not.
60p+ is very likely before end June, if not May.

?Where are the -ves on AAZ right now, apart from the weak POG which is pretty much the stronger $ effect and buys ever more Manats.

[yasx] 23/5/2018 09:53

This too..

hxxps://www.occrp.org/en/panamapapers/aliyev-mining-empire/

[yasx] 23/5/2018 09:52

From the past, but, worth a read

[yasx] 23/5/2018 09:50

Incidentally, although I am long, I welcome both bearish and bullish comment, as long as it is well thought out. I see no sense in having a platform like the other thread in which only bullish notes are allowed and anyone that dare question any aspect of the Co is set upon by a ravenous bunch of optimists who have a mulish obstinacy to consider anything but positive notes.

I always like to question my investments in case I have missed something or got it wrong - perhaps my natural mindset of being a bear rears its head, but, I see no value in commentary which simply reaffirms what you already know or think you know.

[yasx] 23/5/2018 09:45

CFlather,

Regional issues certainly ought to warrant the application of a significant discount. Even after application of the same, still seems rather cheap to me.

But, what prevents me from going banco and betting the farm here is, why, with all the connections of the BOD's (and for those that do not know I suggest you review their profiles, some heavy hitting characters), are they unable to generate any meaningful PR? Readers on the thread for optimists only will direct all blame at some analyst at two bit share price Angel, but, surely it is not the case of the broker leading the CO by the chain - for some reason the Board are unwilling to make any noise to raise the profile of the Co or the improvements in recent years (aside from Proactive sessions which are of nil interest to any sane investor).

[abbotslynn] 23/5/2018 09:45

I'm a buyer

[yasx] 23/5/2018 09:41

Goodgrief,

Not really - other than Limelight Industrial (who still retain a barely notifiable stake) the only other entity was a one Colby Mining Limited (with just over 3%) and, below that, 3Legs VC with less than 3%.

Something makes me a little uneasy with all this - I have looked into the background of Reza, and he is without doubt well connected in the region and beyond, but, there are other factors that make me think perhaps it is all too good to be true.

More at some point in the future.