Anglo Asian Mining Share Discussion Threads

[sportbilly1976] 24/5/2019 11:48

oakey,

not if they've taken on £100mln in debt to pay for it

Also AUM isn't a straight read across to value as they don't sit on the co balance sheet as a true 'asset'

there will be an increase, but I wouldn't expect it to be say >50% of the AUM acquired

[oakey1] 24/5/2019 11:44

Hi if a company has zero assets under management and then lands a client and has £100 million assets under management what would you expect the share price to do?... massive rerate or just a modest increase?...it’;s a new life insurance company I am invested in

[callmebwana] 24/5/2019 11:43

KS,I think they tried to sell it quite a while back,I think it was @ £5 Mil. My memory is not so good these days !! They did do drilling but if I remember the Gold content was nothing special.

[yasx] 24/5/2019 11:42

Is this just trading in the (rising) channel which started in April 19 - if so, we are now at the bottom of that channel waiting for the next leg up...needs to hold around here.

[sportbilly1976] 24/5/2019 11:36

Matt,

Thanks for following this up with a phone call - always comes across better than a raft of emails from investors :)

Interesting to note the ultra-conservative approach on the back of what seems a lack of information being shared by the co with the house broker which does appear rather unusual. Isn't that what the broker/NOMAD fees cover re publicity and providing forecasts etc with additional information that the Co has provided to them?

Here's to SPA releasing some form of comment and update explanation asap

[bleepy] 24/5/2019 11:33

Come on AAZ....what lies beneath Gedabek open pit complex, how many Gadirs(1,2,3,4?), Ugur2, new discovery at gosha(how many more awaiting discovery on this prospect),the jewel Ordubad and 20 other sites of interest revealed by heliborne survey.

Handsome divi coming up, debt all but gone, cash pile growing, another record production year in progress, the best team in the business.

Don’t let the side down, employ a broker that’s rated as highly as yourselves at the very least.

[mattjos] 24/5/2019 11:19

spoken with Sergey … seemingly nothing more than how SPA are treating stripping & underground development costs. Sergey being very conservative in how and where they are accounted for. Expensing them v capitalising them seems to be at the heart of it.

I'm sure that Bill will treat them in such a way that is as favourable as possible for the company when considering the PSA.

I believe this is all a complete red-herring & can be sorted with a follow up note to clarify.

I have suggested they issue some sort of clarification else they will be bombarded by investors asking same question & suggested they do so quickly else face what might prove to be an embarrassing situation at the AGM.

What folk need to understand is that the company does not pass to SPA all their books and plans .. the Analysts has to do his own work (as do we) & Sergey is very, very conservative in how models the future. He always has been.

[mad foetus] 24/5/2019 11:18

It will be interesting to see if people reinvest their dividends. Given that it will be over a 3% yield for the half year (if share price stays at current level), if half of the amount was to be reinvested we could be looking at the thick end of 2 million shares being bought. That is a huge amount for the market to supply. And the opportunity won't be far off the AGM, so the stars may be aligning around that time.

[lefrene] 24/5/2019 11:12

When you have found something as solid and well run as AAZ, the flowing and ebbing of the price provides opportunity with no serious downside risk. The income is going to grow and the resource is going to grow, and on days like today one gets a chance of picking up a bargain.

[goodgrief] 24/5/2019 10:57

There's a fair few here who have said they trade 10% of their holdings. They may ultimately be increasing the size of their shareholding long term, but short term they're still selling.

[fozzie] 24/5/2019 10:40

are folk really so easily shaken out of their shares?

I am afraid so Mattjos, it would seem that there are very few ltbh about these days, it really cheeses me off. The sellers and knicker wetters constantly scalping 0-20% makes the shares behave exactly like AAZ is at the moment, its happening on a lot of shares. You can take the view that it is enabling investors to buy more at cheaper prices but tbh i have bought mine at sub 50p, have more than enough and i want to see the share price start to better reflect its potential not continually get dragged back like this.

[king suarez] 24/5/2019 10:28

Wan,

Re ORM other projects I am just referencing this:

hxxp://ormondemining.com/projects/salamanca-and-zamora-gold/

Thinking these might be on the list to develop next once an income starts coming through from the tungsten project?

[sportbilly1976] 24/5/2019 10:22

Awaiting the SPA morning note..... :)

It will be interesting to see if they (ever) re-issue guidance, but to do so they'd have to hold their hands up on the mis-calculation/typo

[ptolemy] 24/5/2019 10:12

I think the issue mgt need to address is poor liquidity.

Most agree the results were good and the future bright, so it's not unreasonable to believe an institutional investor or two might like to build a stake.

They ask a MM, and unless AAZ management release/issue shares, the only option the MM has is to nudge Pi's into selling. So, they play with the price. The issue here is AAZ has such a committed following that any price drop is seen as an opportunity for Pi's to top up.

A real shock tactic by MM's to unnerve Pi's would be a severe price drop. The good news is that it ultimately results in higher prices as institutions get on board.

I think this is a plausible theory to explain the price movement.

[sportbilly1976] 24/5/2019 10:06

topped up - thank you :)

[mattjos] 24/5/2019 10:03

are folk really so easily shaken out of their shares?

[mad foetus] 24/5/2019 09:49

We all know the drill. They will probably drop it to 86/88 and not have any for sale at 88 next. What a shoddy market AIM is

[cinoib] 24/5/2019 09:49

See we're back in silly street again, never thought we'de see the 80's to buy again,ut hat after yesterday's route am not surprised. Hardly any stocks on my screen not in the red.

[mattjos] 24/5/2019 09:47

MM's may be taking the Bid down but, the Offer is not following & now at indicated 5p spread.
They know damn well this an opportunity for them to pick up a load of cheap stock whilst trying to dissuade buying

[laurence llewelyn binliner] 24/5/2019 09:39

Only 6 weeks or so until the H1 update, for a fresh look at the companies cash/debt position, and we can draw our own conclusions from there for FY2019 .. :o)

[mad foetus] 24/5/2019 09:35

When the shares were 5p and the company burdened with debt SPA were probably the only option. But unless they can do better they need to be replaced. The issue is that they are the house broker and if the company doesn't tell us otherwise they are the market expectations.

[wanobi] 24/5/2019 09:31

STCM meanwhile nice steady accumulation going on :-) Cheers Wan

[brasso3] 24/5/2019 09:30

Topped up with 10k at 89.2p.

I expect this will finish blue today.

[wanobi] 24/5/2019 09:28

AAZ 85p should now be next support line :-) LOL cheers Wan


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