Anglo Asian Mining Share Discussion Threads

[mad foetus] 20/5/2019 10:10

I doubt many of TWs followers hold AAZ and if they do they will know more about it than him. I don't totally dismiss him: his opinions can be good on accounting matters and BB favourites, but AAZ is a straightforward company and there are no accounting smoke and mirrors here

[callmebwana] 20/5/2019 10:07

LOL :0)
Looks like someone has taken Tom Winnifirith and Steve Moore's advice.
With 3.18P yet to collect in a few weeks, leaving it for the new buyer to collect it!!

[mad foetus] 20/5/2019 09:50

Looks like a textbook retrace to support level with bounce to come.

[king suarez] 20/5/2019 09:30

Oakey1,

I recently just transferred an old work pension with L&G into a SIPP (AJ Bell).

It was all relatively straight forward - they give you a form to complete. I requested a cash transfer so they sold my units in the L&G Managed Pension fund and transferred the cash value - took about 2 weeks.

I spent some of the cash on more AAZ shares at 86p - so that portion is doing well :)

The L&G Managed Fund had averaged around 7% annual return since 2006, which is about the average stock market return I believe? Not bad, but I wanted to see if I can do better.

[mattjos] 20/5/2019 09:24

he has no knowledge of this company whatsoever and just churns out tripe for subscriptions. his style better suited to the 0.01p stocks.
Don't believe any here will follow his advice but, more fool them if they do.

Looking forward to the data from ALS:

& the FAMOS interpretation of Ordubad samples

[laurence llewelyn binliner] 20/5/2019 09:23

Winnefroth does get some stick and rightly so, he talks his own book up and down.., so he's clearly sold some on the chart..

#yasX... T1ps as I recall, Winnefroth couldn't locate a pint in a tap room .. :o)

The company gets stronger every day, $25M per quarter revenues, regardless of the technical signals..

Gaps get filled, and then we will move up.. again..

[11_percent] 20/5/2019 09:15

oakey1,

You can transfer money (or the shares, I think, need to check) into a SIPP.

I also use HL, not the cheapest, but I find them helpful. As wan says, give them a call and the questions.

[mr roper] 20/5/2019 09:12

Winnifith is a gimp so that is expected behaviour

[mattjos] 20/5/2019 09:07

:-) what a nice chap he is

[wanobi] 20/5/2019 08:55

yep, agreed cmb, sit on our hands time :-) cheers Wan

TSG being bought up today :-)

[callmebwana] 20/5/2019 08:54

Just in case if someone does not know what JORC figures are.

This code was developed in Australia.The drilled cores from the mine are sent to a registered LAB where all the drilled cores are analyzed for their metal content and a certificate is issued to the mine owners with the metal content numbers.
That is the JORC certificate.
In the past some mine owners would falsify there drilled results.That is why this code was introduced.
I hope this helps.

[callmebwana] 20/5/2019 08:43

Good morning all.
Wan,don't forget the shareholders in AAZ are approx. 60%PI's and 40% the BOD.
There is no II investor yet. Fear and greed control the share price here in AAZ at the moment.
True value will shine in time as more JORC figures come out. That is what will start to add value to the share price here. The mine life with the current JORC figures is around 5/6 years. Drilling results will add value and AAZ will extend the mine life over 10/15 years.The drilling is the key.AIMHO.
Have a good day all.

[laurence llewelyn binliner] 20/5/2019 08:26

FCA protection is £85K per account holder per banking institution on settled transactions, cash and equities, BUT only £50K on any deals that are pending settlement or 'in flight', T+2 is the norm for settlement on cleared funds or shares with BARC, other insti's may be different..

Onward and upward here and another week awaits.. :o)

[oakey1] 20/5/2019 08:22

Thanks I shall look into it some more no rush where money is concerned...I do think I could do a better job than where it is atm

[wanobi] 20/5/2019 08:09

I'm no pensions advisor, but I say not, you should be able to transfer it to a SIPP where you have control over what you invest it in,,, I have a SIPP with HL who I am sure are probably NOT the best, but right now that's what I'm using to invest in all the AIM stocks... give them a call and ask them, they'll most certainly help as they're always looking for more cash :-) cheers Wan :-)

[jeanesy] 20/5/2019 08:07

I think the 85k is for money in banks and building societies. I think for money held in stocks and shares with brokerage firms it is only 55k . Someone please correct me if im wrong.

[oakey1] 20/5/2019 08:03

It's a personal pension I used to pay into when I worked for my dad...so I have to leave it where it is??....pensions baffle me...figured I am doing better at this investing thing than prudential pension is so wanted to put the money there to better use

[wanobi] 20/5/2019 07:51

morning oakey, is it a ppp or fss, I suspect a ppp which you can only use to by funds and not individual shares, would that be correct? cheers Wan :-)

[wanobi] 20/5/2019 07:48

yes Rb, I heard the cricket was a bit special, well done England,,,,, is our nation finally becoming a nation of winners, have we now started to believe in ourselves, it looks that way to me :-) 4 English teams in the CL & EL footie cup finals also :-),,,,, not so good at song writing though, eh, or was that a fix :-) Rugby WC coming, nice,,,,, LOL cheers Wan :-)

[wanobi] 20/5/2019 07:42

Good morning all, some great posts over the weekend, thanx :-)

Just to summarize some of the 'Fag packet' numbers we threw around (I tweaked a little also):-

Behre Dolbear believes that overall 10 million tonnes of copper and 45 million ounces of gold could possibly be discovered on AAZ properties.

10 million tonnes of copper at 6000 USD/tonne = $60,000,000,000
45 million ounces at 1250 USD/OZ = $56,250,000,000

Total in the ground valuation = 116,250,000,000 USD

Current Market Cap GBP109,242,450
Shares in issue 114,390,000
Current share price 95.50p
& based on £1 = $1.27

1) MJ, mkt values at 1% of what maybe in the ground
(116,250,000,000/1.27)*1% = 1,830,708,661 / 114,390,000 = £8/share

2) Wan's KISS number :-)
(116,250,000,000/1.27)/114,390,000 = £800/share

3) Wan's KISS number / 2 to account very crudely for all in cost of production averages at $600 (yes, I know its a nonsense for the copper portion) = £400/share

4) KS, AAZ already have a resource of c1 million ounces of gold to JORC standard - so ask yourself why it is not (yet) valued at 1,000,000 x $650 x 0.78 = c£500m or £4.40 a share.....

As highlighted by cmb, KS & jas, my numbers are a nonsense when it comes to the world of accountants and also the irrationality of the market and so on....

The point is, by whatever metric you look at this, to me, the chance of the share price rising here as opposed to falling (black swan events excluded) in the long term are high and the operational risk to get that to happen (provided the BD numbers prove up) seem small :-)

GLA
Cheers
Wan :-)

disclaimer - I am a novice at this, I am not an accountant, I am not experienced in investments, I know nothing about mining company valuations, I just say things as I see them and I am very happy for anyone to suggest what I say here is complete rubbish provided they tell me why :-) LOL GLA

[oakey1] 20/5/2019 07:17

Morning all....I have a small pension pot with prudential that doesn't go up much each year and I don't pay into it anymore....I've been reading up about sipps is it worth transferring to a sipp or is it better to leave it there and just start a sipp from scratch...many thanks in advance for any thoughts or advice....oakey