Anglo Asian Mining Share Discussion Threads

[qazwsxedc69] 21/5/2019 10:49

on HL spread down to 1p. Also you can't sell more than about 1,000!

[lefrene] 21/5/2019 10:45

I wonder if that graph pattern will repeat itself? In which case a bounce off our current level would seem probable.

[celeritas] 21/5/2019 10:40

He'll be changing his mind when we get another Ugur type deposit which by the way was totally out the blue.

[2sporrans] 21/5/2019 10:40

Indeedy Lefrene

Sure there are risks, as for every investment.
Even e.g. a Gilts holding comes with risks.
For an AIM gold/copper miner, these are decidedly low for AAZ,
taking a 3-5 year view.

A lot of the risks currently bearing upon equities generally,
i.e. variably tethered to the economic cycle and some to trade/currency issues,
have little/no bearing upon the prospects for AAZ, which for me, only
enhances it as a component of my portfolio.

[lefrene] 21/5/2019 10:40

Either it's ineptitude or a tactic to accumulate quality at a knockdown price? It could be just laziness, some youngster tasked with doing several reports just skims the likes of Stockopedia, has a quick glance at any other reports on AAZ and produces a consensus report just to get the task done and to satisfy his boss?

In the meantime it provides opportunity to gather in a few more at half (imo) their real value.

[wanobi] 21/5/2019 10:34

AAZ looks like a few ShareProf sellers are heeding TW's advice today, good luck to you all and please spend those profits wisely, do give something back to society even if it's only £50,,,, every penny helps :-) GLA cheers Wan

[mad foetus] 21/5/2019 10:32

Rather obviously, it is the total lack of clarity over future prospects that provides TW with the evidence to call AAZ a sell. It is just really annoying, I would sooner there was no coverage rather than inept coverage.

[lefrene] 21/5/2019 10:21

2spoorans, plus you can sleep at night :¬)

[wanobi] 21/5/2019 10:21

oh yes, well it is only a small one LOL cheers Wan :-)


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[2sporrans] 21/5/2019 10:08

Just bought 3k for:
0.928875 p

Price now ~2p under what it was just BEFORE the FY + divi RNS.
Near as damn 6.5% yield going forward.

Fwliw:
SPA Target pre RNS 96p; post RNS 126p

just 1 way of looking at it.

accumulate on sell offs
accrue divi income
await resource/mine life increment RNSs

seems simple/easy enough.

[oakey1] 21/5/2019 10:03

I’d go to the AGM but it’ll be a bit too posh for me and I haven’t seen my suit since my nieces christening....she’s 21 this time around:)

[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 :-)


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[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.