Anglo Asian Mining Share Discussion Threads

[jailbird] 10/8/2018 09:23

Cannot understand this large sellerEsp with dividend coming All very odd really

[yasx] 10/8/2018 09:22

Incidentally, new readers ought not to get lured in by fictitious claims by contributors on the other thread of an inability to buy shares when the price is rising - that is all hogwash. I have noted it time and again on the other thread, it simply is not credible.

When the price is drifting as it has over the past few weeks, there is no reference to buying up every share available. As soon as the price moves up on any day, almost all the longstanding contributors repeat incessantly that they have been trying all morning to buy as much as they can at any price but there simply is no stock- rest assured, at those times, they are trying to sell what they previously purchased at lower levels for purposes of trading the gyrations.They know only too well that one looks to buy when there is no interest in the stock, not the other way round. Moreover, if you were intending to hoover up every share in the next ten minutes, you would hardly be so declaring in advance to the rest of the world.

Caveat Emptor.

I am still long - but, keeping a careful eye on the chart.

[jeanesy] 10/8/2018 09:18

There goes another 50k sale this morning. Seems like our seller is keen to get rid of a few today !

[yasx] 10/8/2018 09:17

Back to bed.

[yasx] 10/8/2018 09:17

Re AAZ,

Technically the chart is almost breaking down - the trend of higher lows and highs has been intact for some considerable time, but, it is starting to crack.

Incidentally, I this morning have briefly skimmed the other thread and encapsulated within all the clutter one might refer to as the 'Wanobi' seminars is some commentary on the fact that AAZ has a m/c too low for any institutions - this is simply untrue. There are a number of institutional entities that will participate at the current m/c (despite the recent decline in valuation). AAZ have either never sought to attract institutions (worrying) or have been unable to do so (even more worrying). Based on the comments of Meyer some weeks ago it is the latter - he put it down to political risk, but, again, there are plenty of examples of institutions taking a stake in smallcap plays operating in undesirable locations.

Put simply, AAZ is either not sufficiently enticing for institutions or just far too risky - and, unlike others, I see the risks as well as the potential upaside.

[doc_oj] 10/8/2018 09:17

a small top up for me as well!

[yasx] 10/8/2018 09:10

2sp,

Referencing your post 169.

Thank you of that. I will respond in a short while.

[yasx] 10/8/2018 09:09

What is a buyback?

Yours

Wanobi

[jeanesy] 10/8/2018 08:57

I wonder how many more shares the 'seller' has and why they are selling at levels not seen april despite all the good news since then ?

[jeanesy] 10/8/2018 08:53

looks like my latest purchase was a little premature so ive had another small top up this morning. Price drop courtesy of a 20k trade in pounds first thing !

[broken_arrow1] 10/8/2018 08:35

They are presenting in London on the 5th and 6th September, hopefully will be at one of those events.

Looks like more news is up-coming therefore, they usually have some news delivery before such events.

Looks cheap around current levels.

[bobhope18] 10/8/2018 08:30

More than happy to sit tight and wait for the various exploration results to come in, I'm rather hopeful that gadbeck, gadir and ugur will extend LOM's quite substantially, and of course waiting for the divi news, long term holders here probably bought in around the 4-7p mark which makes the divi very attractive. Good fortune to you all.

[friendzarin] 10/8/2018 08:22

Cel ,Bob

Appreciate reducing liquidity is a bad idea which is why after entering treasury I was wondering whether mechanisms existed to sell or reissue.
As you allude to tc333 we can continue to sit tight and I’m fine with that in view of the good news that we are expecting to come in the next 6 weeks or so.

[thechurch333] 10/8/2018 07:56

Share buybacks are often seen as a panacea for a weak share price, but I am not convinced. If AAZ is to attract institutional shareholders it needs to increase its market cap not shrink it. To do this it needs to continue to deliver operationally and financially and to then reinvest to significantly increase the mine life - this is vital to attract long term owners. I believe this will happen and the shares will go up in time, with or without institutions on board.
I have used recent weeks to increase my understanding of the company and as a result accumulate a position much larger than I originally expected to, so in a way recent share price weakness has been helpful. Opportunities like this don't present themselves every day, so it's important to take maximum opportunity when they do.

[bobhope18] 10/8/2018 07:46

Wouldn't a share buy back decrease liquidity? The CEO already has around 32 million shares, that with all the other board members and non exec's, doesn't leave much out of the 113 million shares in issue. This is a tightly held stock.

[hubs] 10/8/2018 07:23

I've seen some larger companies exercise buybacks, SSE comes to mind recently. Share price just slipped anyways, seemed to make no difference at all.

[celeritas] 10/8/2018 00:16

Why would you want to decrease liquidity. A stock split would be a better idea.

[wanobi] 09/8/2018 23:16

Hi Fdz, not at all, please, I do not want to be the narrative,,, I'm just trying to learn what I can.... I have nothing constructive to add to aaz thread and would not be at all surprised if I was told to b'off...:-).... btw I had to look up the word polymath.... that alone is something I have learned today.... cheers, good luck.

[wanobi] 09/8/2018 23:13

Hi Fdz, not at all, please, I do not want to be the narrative,,, I'm just trying to learn what I can.... I have nothing constructive to add to aaz thread and would not be at all surprised if I was told to b'off...:-).... btw I had to look up the word polymath.... that alone is something I have learned today.... cheers, good luck.

[friendzarin] 09/8/2018 22:33

Apologies to wanobi for hijacking the narrative but can I go on topic and ask for views on the board about the company buying back shares to create a more robust trading environment ?

Is it possible ? Has the board the authority to do it without any existing shareholder vote ?

If the company buys say 2 mill shares at circa £1 mil and puts them in treasury. They are not cancelled and may then be reissued.

Is there an opportunity to reissue them as share options within an employee share option scheme which reinforces employee incentive and commitment ?

It wouldn’t impact on any obligation on Reza to bid would it ?
The company should have enough free cash flow to enable this without impacting on the ability to pay sustainable dividends would it not ?

Alternatively could they use this or a higher percentage buy back to introduce by resale a new institution to the share list which could only help in building the shareholder base ?

Only my musings but would be nice to have any views that the board polymaths have.

[mattjos] 09/8/2018 20:59

bazboa .... just looking at this Jan 18 - Jan 19 timeframe. Looks like a normal stock in 'waiting mode' .... plenty of bored selling going on coupled with no near-term stimulus to persuade much in the way of buying. Most can see a line of support evident in the 40p - 41.5p region & that is where the buying is coming in and driving back the sellers since April.

They do not usually go to the tip of the Apex on these patterns .... an upside breakout will usually occur approx. 60-80% 'into' the shape but, it will obviously need volume to break past that overhead red downtrend.

All down to the anticipated newsflow in the September & October period:

[bazboa] 09/8/2018 19:07

Mattjos how's the chart looking for AAZ? Been a while since you mentioned it

[wanobi] 09/8/2018 16:17

fozzie, I wish, no, I really am new to this and want to learn from you guys as much as you'll help me to!

[fozzie] 09/8/2018 15:27

Is this a wind up wanobi?

[wanobi] 09/8/2018 15:24

robo, what are A levels ? lol, only joking, shocking ;-)
Mattjos many thanx for the link, will sign up to it, great explanation - think I'll give that T stuff a miss though, could get into a right mess with it..