Anglo Asian Mining Share Discussion Threads

[ilostthelot] 31/5/2019 08:52

Oi oi. Blue again! About time.. Its getting a little frustrating this two steps forward and one step back. I was kind of hoping for a 5 steps forward and one step back following the yearly results!
Patience as always will be rewarded. Collect dividends then reinvest dividends and get rich slowly 😁🤞.

I am 39 so hopefully by the time I am 60 my 25,000+ shares here will be worth much more. That's a fair bit of compounding.

[mattjos] 31/5/2019 08:52

Very quiet half-term week.Gold breakout will get picked up by a lot more people next week & should continue to gain traction with media analysis in coming days & weeks.AAZ the pick of the bunch & should react accordingly. I don't see the £1 barrier lasting much longer

[lefrene] 31/5/2019 08:48

On fire this am, soon over 100p I hope. Gold is wanted, so what's changed?

[mattjos] 31/5/2019 08:45

Wait until gold breaks out into 1400's & we get a couple more exploration RNS's out .. each new piece of the jigsaw will help others see

[jeanesy] 31/5/2019 08:42

You are getting even more bullish Matt, it was not that long ago you were saying we were buying pound coins for 50p . Now you say these are pound coins for 25p .. I like that :)

[2sporrans] 31/5/2019 08:40

Yes, a clinical success Matt.

10k+5k+10k+15k buys at 94p just completed, set the scene for another leg up for the share price
Hope this one at least gets the share price into the higher 90s before the next retrace to a higher low, a further rise....and so forth; this is pending the next RNS.

Exploration RNSs especially, ought to engender bigger bursts of buying, taking this decidedly above 100p.

[mattjos] 31/5/2019 08:39

It will become increasingly obvious to more and more folk thatGold is firmly now back in a bull market. Am expecting to see some proper 10-15p upward moves in the AAZ share price shortly

[wanobi] 31/5/2019 08:39

yes, agreed jeanesy, I'm feeling a little over exuberant today with my English prose, LOL, you're right :-)…. it will bounce as the buyers return.. just seemed so brilliantly coincidental that as TSG was been sold off AAZ was being bought up :-) earlier :-) cheers Wan :-)

[le0nard] 31/5/2019 08:38

Mattjos regarding a financial meltdown.

I know you and others have a sizeable holding here. Do you physically hold your share certificates or are yours held by the broker.

Also have you thought about converting some of your holding into physical gold/silver in case of worse case scenarios. I do hold a large amount ( for me ) of my wealth in physical.

[qazwsxedc69] 31/5/2019 08:37

There are times like today when being long gold/safe haven assets is such an obvious play.

With the 5% Mexican tariff, Trump has overnight shown that he can't be trusted in any negotiations. Completely undermined NAFTA negotiations at a stroke. Made Chinese/North Koreans/Iranians instantly more wary of bothering to even talk to him, and subsequently making the world a very much more dangerous place. All to distract from increasing heat from the Democrats.

[mattjos] 31/5/2019 08:35

AAZ still at very least 50% undervalued on current known metrics but, I still believe current price represents £1 coins for 25p

[jeanesy] 31/5/2019 08:35

Hardly bailing out of TSG Wan. Have you seen the volume . It s just mm's marking them down imo. They could very well bounce back. The news was hardly terrible. A mine life of 11 years is pretty good !

[le0nard] 31/5/2019 08:30

Gold stocks are very cheap relative to the rest of the market and are in much better shape regards production costs that they were last time.

edit - also the dollar might not be the safe haven it used to be.

[laurence llewelyn binliner] 31/5/2019 08:30

FY2018 POG $1268
YTD 2019 POG 1297

That's $2.6M additional revenues for starters, and free dividends, onward and upward with the share price . :o)

[wanobi] 31/5/2019 08:30

looks to me as if those bailing from TSG are pilling into AAZ :-) LOL, every cloud and all that, LOL oh what a game :-) does make me chuckle :-) GLA cheers Wan

[ilostthelot] 31/5/2019 08:28

Fardels bear - that is very true just like 2007/8 gold and gold stocks tanked with everything else.
Therein lies the problem.

If that really is a trible top on the Dow, is it the beginning of a bear market, worldwide?
If so you could argue the time for selling everything, including gold stocks is now.

The selling back then was firce and the bounce was just as quick with gold miners then going on to multi bag from the lows.
Maybe the dow will just move sideways from 20,000 to 25,000 like the FTSE more or less has for Years. Gold moving up to catch up.

[jeanesy] 31/5/2019 08:26

Buy at full ask. With POG doing better this could move up today ! ....there she goes , didn't take much buying did it ! :)

[someuwin] 31/5/2019 08:22

Re: China / US

Low cost UK RRE (Rare-Earth element) play...

Rainbow Rare Earths (RBW) £9m

[wanobi] 31/5/2019 08:17

oh no, TSG (50.88p my ave buy price) now red for me, I'll have to change my header at the close :-) LOL ,,, cheers Wan

will let you know if I do, but fall significantly today & I'll buy some more :-),,,, not low enough yet to tempt me though :-)

[wanobi] 31/5/2019 08:12

TSG can now sell 30000 shares at 49.35p,,,, buyers will come back in if my prediction,,,, but then I'm no trader :-) let's see, cheers Wan :-) LOL

[wanobi] 31/5/2019 08:10

TSG well oakey I could only sell 50 shares at the open, now I can sell 10,000 shares so someone wants them at this level :-),,, expected initial sell off, now lets see if those buyers come back in and pick up stock from the weak holders :-) LOL,,,, oh what a game this is.... I'm not selling :-) cheers Wan LOL

[bumpa33] 31/5/2019 08:05

Es_F slips overnight, gold up and knocking on $1300 again

[jeanesy] 31/5/2019 07:54

Nice to see some strength in POG overnight. Great call Matt !!

[wanobi] 31/5/2019 07:53

TSG - as you know oakey I am a complete novice at this, LOL :-)

I agree with your post, the RNS does indicate less, I guess we will now see the effects of that on the current valuation :-) YIKES,,,,, but there's still

Resource Estimate as at 31 December 2018
553,000oz GOLD = $715,029,000 worth
1,314,000oz SILVER = $19,080,594

=$734m to be dug out :-)

MCap $59m

I will watch and learn, might be painful today :-), who knows how the market will react:-)

Cheers
Wan