Anglo Asian Mining Share Discussion Threads

[polaris] 21/5/2019 10:00

Think long term. People are in the stock market for many reasons. Short term it is always a voting machine and subject to whims and flights of fancy. long term it is a weighing machine and the best rise to the top to be fairly valued...eventually! ;-)

This whole game is about timescales and investment case. I've said it on just about every board i post on. What do you want from your investment? what are the reasons that you are here? Has the case changed? Has your timescale for return fundamentally changed? Are there new pieces of news that affect the investment case (good or bad)? There are many such questions.

I think it's fair to say that most of us here have done the research, have a valuation based on that research and it is significantly above the market valuation. The market can be stupid, blind, irrational and contrarian in the short term. But, if you revisit the case each 3-6 months and it is still undervalued, keep dripping in the cash and wait for the market to correct. If the company continues to deliver then it is eventually picked up by the market. At that point the effect tends to be like a tensioned piece of elastic...

If i had spare cash at the moment i would be buying more here. However, i have a few other companies that i have large positions in that i feel the market has been overly harsh on. At some point soon i expect to be handsomely rewarded for my patience. AAZ is in that category.

regards,

Paul

[brasso3] 21/5/2019 09:47

Wan

I think you have missed the gap up to 3p also!

[wanobi] 21/5/2019 09:43

UPL aha a thing of beauty :-) LOL cheers Wan,,,,, looking good from a TA perspective :-)


free stock charts from uk.advfn.com



free stock charts from uk.advfn.com



free stock charts from uk.advfn.com

[brasso3] 21/5/2019 09:33

Wan

Take a look at the cup and handle on the UPL chart.

[mattjos] 21/5/2019 09:33

can all be raised at the AGM where the BOD and the Nomad/Broker will be present in same room.
Am not too bothered … third party forecasting of AAZ has been woeful pretty much since the IPO. SPA were calling it a buy all the way down from 80p to 4p then, under review from 4p to 12p.
Their current £1.26 target is also wrong as far as i am concerned.

I think folk forget that we here & the sum of the knowledge on this thread is likely the most authoritative source of information on the company & its prospects outside of the Board room. The Board are holding very tight to their shares, with good reason.
We know where this is going and it is a lot higher than £1.26 .. for me, is hilarious how SPA arrive at such a figure, given the long term chart.

Collect the dividend and keep watch as the explo results spell it out for all the rest to read, like a Peter & Jane book.

[mad foetus] 21/5/2019 09:25

I think Hardman did a good job with their note but I'm guessing Bill and Reza have doubts about whether they got bang for their buck. I don't know how much it cost but there wasn't much market reaction so I can see both points of view. But seeing those figures for 2019 and 2020 on stocko is crazy as I think the attraction of AAZ is its ability to increase production, profits and dividends sustainably and the figures don't reflect that at all

[jbravo2] 21/5/2019 09:17

I shall have a quiet word with Bill and Reza re this at the AGM and then like you say ask them to sort it once we’re a bit further into the year.
I’m thinking it’s probably only once Q3 is done. After Q2 is done still so much depends on the metal price irrespective of production that to guide on revenue/profit is a little premature IMO.
Q3 will be known in mid Oct and frankly by then most of capex should be known too.
Seems about the right time to me

[mad foetus] 21/5/2019 09:12

Agree jb, I think once q2 is in the bag it should be looked at.

[mad foetus] 21/5/2019 09:11

I mean that in all seriousness. I don't know how much it would cost to get Hardman to update their note, but a company has a duty to update the market if it is trading out of line with market expectations and they are generally regarded as being the broker consensus. I see a strong legal and regulatory argument that AAZ should issue an RNS saying that market expectations are wrong and profits for 2019 and 2020 are expected to be in the region of x to y

[jbravo2] 21/5/2019 09:10

That’s a very fair point mf and one I’d not considered.
Come Q3, if it appears we’re still on course I shall raise it. Of course much will depend on the price of metals til then but you’re right.
Well done on your proactivity with stocko too

[mad foetus] 21/5/2019 08:59

The current broker coverage is actually much worse than useless. It is so bad that I wonder whether the company may be under a duty to tell the market that profits are not going to decline by 80% next year, as the consensus appears to be!

[bleepy] 21/5/2019 08:58

LLB

Totally agree that fair value here is above £2 as many long term holders would agree.
Just a matter of time as much news in pipeline over coming months to propel share price toward it and onwards.

[edjge2] 21/5/2019 08:57

Topped up on the dip moreb divis soon

[laurence llewelyn binliner] 21/5/2019 08:36

Simplywallstreet have us at fair value 230p and trading off a current PE of 8.4

Not a platform I use often, but interested in any other view points regardless of their findings..

[mattjos] 21/5/2019 08:29

Now passes on 3 Stocko screens. Cash cow, Neglected Company & Momentun

[wanobi] 21/5/2019 08:13

mattjos, presumably the latest AAZ GAP is now filled for you & the 3 day rule which I saw you posted about yesterday (very interesting and makes a lot of sense) should mean we rise today :-) let's see..... :-)

but, I'd be very interested to hear your thoughts on the GAP at 73p as shown on one of my header charts,,, as this is not a break away GAP and is not filled :-)

is it the case that now we have broken out of the channel in which that GAP was formed we can in the short to medium term forget about it??

and only long term might it fill ??

all chart wise ignoring FA :-)

thanx
Cheers
Wan :-)

[mad foetus] 21/5/2019 08:07

Stocko now updated so 2017/18/19/20 profits go 2.52, 16.3, 4.3, 5.0. Cmon someone, give realistic future expectations!

[wanobi] 21/5/2019 08:00

Good morning all, Good luck today, cheers Wan :-)

[wanobi] 21/5/2019 07:58

thanx mattjos, you are a good man....

I hope that's where I am now with AAZ, STCM & TSG in particular.....

ORM I bought very early on, too many shares and without a clue really, so I'll just wait now to see if they announce profitable production soon!

AVCT is a punt on what could be a massive business &

TXP, with a successful drill at Ortoire could also very interesting (it has a high COS so we'll see :-)

but, my main holding right now is AAZ, which I would never have built without the existence of your thread & subsequently this thread, which let's face it was spawned out of my desire to ask too many questions which irritated many of your excellent contributors,,,,, apologies to you & them :-),,, although some where a little strong with their words to me :-) LOL, I understand why & its all water under the bridge now....

At the end of the day we all want to improve our lives, the lives of our family, the people around us and the less fortunate....

So big thanx all,,,, so far :-) & I say so far as I/we all have yet to turn these paper gains into real cash in the bank at some point in the future :-)

STCM is now my second largest position and this exactly fits the bill you've described,,, once that seller goes :-) should be very good indeed :-)

aha, nearly opening time, thanx for posting, catch you later, Cheers Wan :-)

[mattjos] 20/5/2019 23:00

ignore most of the media wanobi .. make your own decisions based on research. Get in early and the (non-researching) crowd will come along later

[wanobi] 20/5/2019 22:32

wow, what an eye opener that lot is :-) cheers Wan