Anglo Asian Mining Share Discussion Threads

[laurence llewelyn binliner] 19/6/2019 07:04

It just gets better, an update to the Heli survey results, #JB2 here comes your 120p pre AGM share price, I might even raise you a 125p.. :o)

If there is a Tier 1 deposit to be had there we really are in for a wild ride..!

[mattjos] 18/6/2019 22:41

This for my own projections & any others interested:

DOWI:DJI
W1: 575-->14,165 = 13,590
W2: 14,165 --> 6,545
W3: 6545+(13,590*1.618)=28,534 (Theoretical peak)
W4: … cannot breach the top of W1 (14,165)

So, I call the top of the DOW at circa 28,534. Just another 2,000 points to go. With 350 swings in the DOW seen as 'normal' nowadays, that peak could arrive much sooner than folk appreciate.
Scarily the downside from there could be up to a 50% total decline & still meet all the EW rules of a standard W4 pullback.

W3 peaks are often rapid, blow-off types that suck in all of the final remaining money on the sidelines before the collapse gradually sets in. Once that collapse is seen for what it is, the herd is going to stampede into gold.

Whilst I accept that the FED may be willing to try and backstop the markets, I do not believe it has the necessary ammunition to do so this time around. The bubble is simply too big and founded on far too much debt.
This ludicrous 'bad news is good news' & 'btfd' mindset is insanity. At some point it will flip to 'sell the f rise' & 'bad news is really bad news'.

I intend sitting right here & watching the inevitable come to pass.

[edjge2] 18/6/2019 21:21

I will switch some to AAZ in the next day or so. Pullback encourages

[podgyted] 18/6/2019 20:35

Gold is not being crushed as normal in US trading - still $1,350.

[wanobi] 18/6/2019 19:43

Bumpa,,, it could be that they believe/believed that they are very, very close to a partnership deal and just took it to tide them over to get the deal done... we shall find out soon enough I guess,,, in the meantime, cmb, please do not worry if I am not in and it happens and the stock price 10 bags,,, you have given me all the heads up you can and so far (recently) I have stayed out :-)…. I shall sleep on it :-)… all that said I know for sure that both Bumpa and I are rooting for you with it.... be great to wake up tomorrow and see the RNS announcing it..... :-) cheers Wan

[bumpa33] 18/6/2019 19:30

Enough from me on that subject though ;)

[jbravo2] 18/6/2019 19:08

Yes, it's a good problem to have though isn't it mf?
I've been at over 95% for years. It sure didn't feel great for a long time but it's finally coming to the attention of enough people that it might finally achieve a fair valuation.
I keep looking to where I can spread my risk, still come up with them as not as safe/sure/profitable as this so I sit tight.
I'm aware of where some of the other regulars are also invested but they don't quite match up for me so I'm sitting with Reza. He's got a good deal more riding on this than me and that's good enough for me.

[wanobi] 18/6/2019 19:03

unfortunately, I do not oakey, but then what do I know,,, that said, I do 100% believe it will end one day :-) LOL,,,, which day it is I have no idea,,, but, the very fact it's happening behind the scenes between buyer and seller without affecting the share price too much I see as a very good sign,,,, they must have some sort of exchange deal / agreement going on,,,, a nod and a wink and all that :-)…. who knows how these big players play the game and how the MM's can accommodate them.... surely any PI wanting to offload such numbers would cause the price to crash, so I feel it must be an agreement playing out and we are all mere spectators until its over.... that's my novice but honest view of it,,,, I have a lot of them and right now I'd like more,,, however, I'll just sit and wait to see what happens :-) …. mainly because I do not have the experience to give me the confidence to keep buying whilst these games are afoot :-)…. hope that helps, probably not :-) Cheers Wan

Please tell your friend that Wan, the 11 month old investor says she'll be just fine,,,, I'm sure that will be encouraging to her :-)

[mad foetus] 18/6/2019 19:01

Around £600k worth of shares traded today. More news imminent. As the price rises people will look at the proportion of their PF in AAZ and sell a few, new buyers will come in, volume will stay high, institutional interest will build, it all becomes a virtuous circle. I'm not planning to sell any, but see that AAZ are now 70% of my ISA. And I wouldn't be surprised if they were 80% by this time next week!News imminent. VERY excited.

[mattjos] 18/6/2019 18:57

Just read the CP report in the pre-IPO docs (well done AAZ for putting in new link on the Media page).Set up simple spreadsheet using the Behre Dolbear conservative valuation metrics ..... then plumb in current metals prices, current AISC, current exchange rates, shares in issue.I challenge anyone, who actually does that, to come back on this thread & explain how they arrive at a per share value of less than £5/share ... the maths actually work out much higher than that.

[oakey1] 18/6/2019 18:47

At least the juicy divi will take a bit of the rough off

[oakey1] 18/6/2019 18:46

Wan do you think those big trades at the end of trading in STCM are the seller finishing off...I hope so one of my friends is 8p down after following my STCM tip...she doesn't seem bothered but I am as I gave the tip :(

[king suarez] 18/6/2019 18:40

STCM - 2M sold today... how many left to go?

[jbravo2] 18/6/2019 18:36

Yes LLB
Even 1.20 will seem so so cheap in the not too distant future. (Just some patience needed)
Trust me, the amount of gold I've seen under that mountain. And we've got hundreds of sq km to dig up.
And a plant all paid for.

I can hear the murmurs of doubt from some. But then I heard them at 20p, 40p, those long 9 months at 40p.
Then even the few months we've spent at 70-90p.
All history.
1.20 ain't far off history either.

[laurence llewelyn binliner] 18/6/2019 18:11

1st Auction 114p
2nd @ 114p
3rd @ 115p
4th @ 115p

But buying all the way up to 117p, getting closer to your pre AGM estimate #JB2.. :o)

It does feel like it's all coming together now, Macro events adding fuel to the fire we are selling into is not a bad problem to have, success as with many things in life is down to planning, execution and timing..!

[sharekitchen1974] 18/6/2019 17:59

Be nice to see 220p before December dividend

[jbravo2] 18/6/2019 17:38

@sb
Thing is not all gaps are the same. For example, the auction today has forced a close of 115 but we are actually at, and will probably open at 115.5
Is that gap going to matter?
Who knows.
In my book it’s more the case that most gaps are closed due to simple statistics.
For a gap not to close it needs to occur when the share price last visits that price. Shares usually visit a specific price many many times.
When you think about it like that it’s fairly obvious.

[mad foetus] 18/6/2019 17:20

Pretty sure I will make it with the 10.30 start but one of my girls couldn't get the school this morning as there was only one train an hour and it was too full to get on. And people think the UK is an advanced economy - I bet the Azeri train system is better than ours!

[jbravo2] 18/6/2019 17:14

Yes looking as if we’ll see strength all week now.
The move to 200p continues.

Re AGM
Hope you manage to make it mf. Looking forward to meeting a few more new faces this year. Last year was a marked difference on the previous 5 years. I suspect this year will be another step change.
Am driving down on the morning then tubing so fingers crossed for decent traffic

[wanobi] 18/6/2019 17:11

STCM - and as if by magic the 'shop keeper' appeared,,,,, 500K MrBen :-) cheers Wan LOL

[wanobi] 18/6/2019 17:09

well said cmb, we work together and should always be able to question each others views/opinions/calculations/gut feelings/hallucinations or whatever in the name of successful investing :-) cheers Wan

[wanobi] 18/6/2019 17:07

TSG - I spoke too soon, it dropped back at the end :-) LOL,,, oh well, all healthy stuff, cheers Wan :-)

[sportbilly1976] 18/6/2019 16:57

the benefit of an 8:00am rns too....no gap showing on the daily chart :)