Anglo Asian Mining Share Discussion Threads

[wanobi] 03/8/2018 23:32

hi davros, what is it you want to sat about aaz?

[wanobi] 03/8/2018 23:31

robo, no, I have a few years earnings under my belt :-) why do you ask?

[mattjos] 03/8/2018 23:10

China's actions today looks likely to have drawn a line in the sand here with regards USD/CNY so, Gold should find a floor now.

Irrespective of what you may think about Trump, he is (imo) quite correct with regards USA trading with China. China is now approx. level-peggings with USA in terms of size of respective economies & therefore USA is justified to demand that they open up their market to trade with USA on equal terms ... economic peers should trade on level terms but, China absolutely does not allow this... they insist on external companies forming JV's with Chinese locals in order to access the Chinese market & this is, in effect, knowledge transfer. the current trade relationship is not equitable & no longer sustainable ... certainly not in Trump's mind.
The value of the current trade imbalance between the two nations means Trump has the necessary leverage to win this battle & so I believe China will acquiesce. Trump has them boxed in on this one right now & the Chinese are pragmatists .. likely pick another battle at another time and another place, for sure they will but, I believe this skirmish will shortly go Trump's way.

Assuming that USD now trends weaker relative to the CNY, gold should be able to breathe once again so, lets hope that particular lever now helps AAZ find a floor from here onwards and we begin to look forward to the Interims, Q3 update & maiden divi.

[basem1] 03/8/2018 19:01

Wanobi I admire your tenacity, you don't get anywhere without asking questions and doing research. I spent the first 3 or 4 years losing money in the markets, I had some serious losses and total wipeouts in stocks such as Cedar, Energis and many many more just after the tech boom in 2001. I got in just as the bubble was starting to burst. It's important to learn those lessons and it made me stronger and more determined than ever to beat the market. I'd strongly suggest you read the Naked trader book written by Robbie Burns, it's very entertaining and a great book filled with do's and dont's of investing. You'll be able to pick up a second hand edition on eBay for a couple of quid.

[davr0s] 03/8/2018 18:58

Blocked on the other thread I meant to say

[davr0s] 03/8/2018 18:57

I seem to have been blocked by Mattjos on this thread. I've been using advfn since 2004 and in those 14 years I don't believe I've ever been blocked before so the blocker has the dubious pleasure of being my first blocker - I'll let other readers make of that what they want

[robo21] 03/8/2018 18:17

Wanobi. Are you a teenager ?

[wanobi] 03/8/2018 16:55

thanx all, appreciate the comments greatly... I'll ease off on the questions and do some more reading/watching etc... please, I don't mean to irritate people with my questions and do understand it must be very boring for you guys who have been invested in aaz for years etc to experience a newcomer like me :-) cheers all.

[bo doodak] 03/8/2018 16:13

Wanobi, perhaps consider buying in tranches, not all at once. Autumn can often be a brutal time and the DOW is delicately poised.

[celeritas] 03/8/2018 16:00

wanobi, there's only so much hand holding we can do. Yes plenty here have an investment so we are bound to be positive otherwise we wouldn't be here. Many here are also seasoned investors so we do look at positives vs negatives yet we still decided to invest.
I'd say to you, stop dithering and invest or look for another stock and ask them question after question. Its not rocket science, you don't even need to make it a big investment if you are unsure, just buy in slowly.

[callmebwana] 03/8/2018 15:55

Wanobi, the first thing I would do is to read a lot of past RNS's from the Co.
Go on LSE and read them and watch the videos. Mattjos has done a good job on the header here start with that.AIMO.
DYOR and make your own decision.

[wanobi] 03/8/2018 14:55

this thread is so +ve about aaz, are there literally none here that think aaz is really undervalued? thanx

[eentweedrie] 03/8/2018 14:16

I remember when this was trading at 5p a few years ago - thought that selling out at 15p odd was a clever decision! This is def one to hold long term.

[jbravo2] 03/8/2018 12:44

I see another AIM sh1thouse has started to head down the pan.
If you got in on TERN at 2p you're laughing but clearly many didn't. Just another AIM company not making any money with ludicrous projections. Lots of people projecting a 1bn company but just the small barrier of not having any cash or revenue.
It'll be different next time. Honest.
Muppets.



I'll take this boring old mining company, not issuing shares, digging up stuff for not much money and selling it for a good sum.

[lefrene] 03/8/2018 12:28

Several sales in £10,000 slugs, which seems to be someone raising a fixed sum of money rather than trading shares?

[goodgrief] 03/8/2018 12:25

Good posts Mattjos...

[my retirement fund] 03/8/2018 12:18

Someones been selling 10K lots for the last 18 months ! Its just short recycling from idiotic PIs who bought higher then sell lower as they become stale bulls and regret their stupidity.This is looking over valued in london terms. PIs keep imagining they deserve some other kind of valuation that you might find on major developed foreign exchanges. Idiots imo !

[lefrene] 03/8/2018 12:15

A good opportunity for a concert party to build stakes and then make an opportunistic pounce. I doubt there is a riper plum in the whole mining market than AAZ

[celeritas] 03/8/2018 12:04

There's a subtle buyer there, where do you think this stock is going.
Make hay while its summer and gold is closer to 1200 than 1300.

[basem1] 03/8/2018 11:54

Someone's selling in £10k chunks. Get rid of them and we'll be away.

[mattjos] 03/8/2018 11:50

summer malaise + I suspect a very small bit will be consequence of new margin requirements on s/bet positions ... MM's will be keen to try and shake those out this week

[lefrene] 03/8/2018 11:34

By any measure this company is very well run and now very cheap to buy. Perhaps it's the usual summer malaise? It's an opportunity to buy more if you think there's value here.