Anglo Asian Mining Share Discussion Threads

[yasx] 12/6/2018 10:20

Terropol,

Very kind of you to ask - health permitting, I will.

Kind Regards

[terropol] 12/6/2018 10:19

YASX, come for a coffee.
Be nice to meet you.
I am coming all the way from Derby, and have done for the last 12 years...

[yasx] 12/6/2018 10:08

Celeritas,

You are right - but, what might be a stroll for some might be considered a long march for others. I simply have little energy these days. I may well however send a deputy with sufficient experience...

As for seeing through Co. officianados, well, I invariably begin from a position of treating everything any Director of a Co states as overly enthusiastic twaddle and take it from there. It is in my experience most certainly a better stance than taking things the other way around. But, one can do all that on the telephone as I do on a daily basis and have done for many years. One gets used to hearing the same banalities, and when pressed, Directors tend to demonstrate an elusive approach. There are exceptions to the rule....

[celeritas] 12/6/2018 10:02

yasx, so you have a holding in a company with the agm just down the road from you but you cant be bothered to go.

One not skewed by ebullience from Co Executives.

Sure you would see through any ebullience.

[yasx] 12/6/2018 10:01

As for AAZ, it continues to be one to trade the gyrations - those who suggest this is not possible since lack of liquidity will prevent you getting back in are simply talking cobblers. One could quite easily have sold, say, 500,000 shares at the peak of the clearly defined top of the channel at just below 55p and very easily have bought back the same for around the current price or lower - in the process saving 30k to 40k.

Anyway, for now this remains undervalued on what is known in the public domain (it is important to stress the latter point). But, mindful of the fact that the house broker cannot muster together a note to support the shares (especially given that the same broker cheerfully promotes all sorts of dud Co's with reckless enthusiasm), and the fact that the Co is very happy about this state of affairs, indicates to me that there is, at best,no interest from the Co. in seeing the price of the shares appreciate, or, in the alternative, a desire to actually suppress it. You see, it is hardly difficult for the Co. to engage an outfit that would be able to produce a broker note to raise awareness of the positive strides in recent months. They are intentionally seeking to avoid this since they refuse to do anything about it.

Thus, I now am ignoring all the fundamental issues that, on any view, suggest the shares are undervalued - there may well be skeletons in the cupboard, one never knows - this Co operates in a politically risky regime, with a Board comprised of some with strong political backgrounds and those sorts tend to be fairly ruthless in wanting to have it all for themselves and then some. This is now merely a technical play, and while the chart remains intact (and for now it certainly does), I will trade the gyrations. I have retained the bulk of what i have held throughout for some time, but will increasingly look to trade all but a smaller core position

[yasx] 12/6/2018 09:51

Terropol,

Although it is just down the road for me, I am unlikely to attend since I (insofar as possible) try to stay at home. In any event, I am not sure what can be gleaned from an AGM, since I try to maintain an impartial view at all times, one not skewed by ebullience from Co Executives.

[gutterhead] 11/6/2018 17:59

gold at $1300, holding well at this level...

[celeritas] 11/6/2018 13:02

I'm not saying that catsick, just replying to someones question.

[catsick] 11/6/2018 11:22

I think the beafort situation is zero relevance to AAZ , it is infuriating to see what PWC have done but to think that any weaknesses in the aaz share price is due to this is delusional. The driver of the price action will be news of exploration and results of mining over the longer term. Getting hung up on beafort is irrelevant.

[celeritas] 11/6/2018 11:11

Try this one Cflather, gives you the gist of the ft article.

[lefrene] 11/6/2018 11:05

Thank you Celeritas, the desire of PWC to get their fee's from Beaufort doesn't help AAZ holders.

[cflather2000] 11/6/2018 10:19

Hi. I don't have an ft subscription. What's going on with pwc?

[gutterhead] 11/6/2018 10:04

a move to 50p plus would be good this week-this share tends to challenge a level a few times before then moving swiftly pass it-on that basis we could see 60p quite quickly.
looking forward to the agm on 29th and maybe some update just before or after.

[terropol] 11/6/2018 09:35

BZ, there was some news in the press over the week end to say no fees would be taken from investors.
Not sure if Shares will be sold or transferred.

[football] 11/6/2018 08:13

30 FREE plusone coins here but running out fast so don't miss out!!!

[bumpa33] 11/6/2018 08:10

nice opening stance from mm's - bidding in 25's and 50's at 45 first thing, just 100 shares offer at 47

[blue_zulu] 11/6/2018 04:07

Hi investors. I am new to this share chat and have been following all your comments the past few weeks and have now registered as there seems to be a lot of knowledge and experience across this group. Recently I saw a comment regarding sales from Beaufort Securities and that got me worried. Yep, I am one of the unfortunate to have had my dealings through them and it looks like this will take at least 3 more months to sort out. I am struggling to get much help from the administrators but wondered if any of you are aware of the process? My assumptions are that my shares are in my name so the administrators will transfer these to another broker that I would possibly nominate. But seeing some comments about sales from Beaufort got me thinking - do the administrators sell our shares and distribute the funds? Any light on the above would be extremely welcome as i have held onto these for many years and they are finally looking like AAZ are in a pretty strong position going forward and I would obviously want to hold onto them.

[mattjos] 08/6/2018 23:26

Thread header updated with button link to FY17 Results

[mattjos] 08/6/2018 16:38

nice candle stick to end the week on. About ready to resume the upward move next week, imo. Good weekend to all

[mattjos] 08/6/2018 16:26

Doesn't look like any of the MM's willing to push up to an indicated 45p Bid before the close, despite being willing to pay any sellers 45p so, I assume they are stepping aside to leave that price open for the auction buyer/seller to try and meet up.

[mattjos] 08/6/2018 16:23

Edited jbravo, thanks

Welcome aboard cflather .. feel free to ask anything. Many of us here with years of knowledge about the company and willing to share.
Constructive posts welcomed

[cflather2000] 08/6/2018 16:20

Thanks for the replies to my question. I've bought in here today. Looks like there's a lot of upside potential if they can pull up the forecast quantities with the aisc projected