Anglo Asian Mining Share Discussion Threads

[wanobi] 20/6/2019 10:58

AAZ pull back is all part of the normal journey, so I'll not at all concerned :-) Cheers Wan

[wanobi] 20/6/2019 10:57

thanx for advice cmb,, so far only used my SIPP to invest so no tax on anything till I start withdrawing cash :-),,, my ISA's are sat in cash at this point,,, I know, I know, what a waste,,, but please don't be too harsh on me,,, I am new to all this and have made sure I don't bet the farm on it,,,, yet :-) LOL,,,, cheers Wan

[mad foetus] 20/6/2019 10:39

About 30 at the AGM

[callmebwana] 20/6/2019 10:31

Well, the share price was in the overbought territory, so profit taking going on.
Perhaps one of the LTH's has decided to cash some in. There will be pullbacks along the way.
AAZ has been going up like a Rocket this week. Nothing goes up in a straight line !
I don't take the risk of trading this share. Divi. income suits me fine.
£1.50 then £2 and over time, what price??
I am not selling £2 coin for £1.19. perhaps at £5 note will tempt me. :0)

[brasso3] 20/6/2019 10:24

Gap closed?

[sportbilly1976] 20/6/2019 10:17

120p test...don't want the share price to get too spikey

at what level though do buyers return?

[mad foetus] 20/6/2019 10:08

A couple of days around this level is no bad thing. Will it test 120 again? Doubt it but it is up 80% in 3 months since I topped up sub 70 in April so a breather is natural

[callmebwana] 20/6/2019 10:05

Wan,just a quick reminder.
I moved some AAZ shares into my ISA yesterday Bed and ISA.
They did it the same day it was not a big spread either. ISA allowance is £20K.
I am sure you already know that.
This is just a reminder to all. With the Divi. also coming,it is best to dodge Mr. TAX man, if you can.

[laurence llewelyn binliner] 20/6/2019 10:01

#Lurker5, interesting stance there from a neutral unbiased position.., but looking at the cash build rate our cash position projection before 2025 will be bigger than today's MCap, with nothing added for the longer term potential of 31 targets lurking underground..

Nothing moves in straight lines of course, there will be pullbacks, we may be overbought this week, not over valued IMO.., but my position is a shareholder looking for yields...!

[wanobi] 20/6/2019 09:41

are you there yet?? Rb :-) cheers Wan :-)

[bazboa] 20/6/2019 09:27

Some bigger than normal buys gone through the last couple of days which is good to see

[lurker5] 20/6/2019 09:24

PS Typo - I meant 2025, not 2012

[lurker5] 20/6/2019 09:22

crazycoops. Institutions don't buy mid-cap miners when they've surged on the back of news, brokers puffs, and pi enthusiasm. They buy them cautiously, when apparently down and out, and after much more due diligence than Hardman's. Another note of caution at these levels. There may well be superb prospects for expansion and longevity after 2025, but for the foreseeable future the only 'value' to go on is the NPV until then, which isn't now very far above the current market cap. Share 'targets' based on NPV's are never, ever, even closely approached for all sorts of technical and philosophical reasons, and AAZ is now well into overvalued territory on that count. And lastly, sensible investors won't be relying on a cash driven NPV. They will be wondering how much of it will need to go into exploration and development before the post 2012 prospects come into clearer view. If I held, (I admit I missed it !) I'd be taking my profit now, with a view to getting back in quite a bit lower.

[sportbilly1976] 20/6/2019 08:58

a strong move in Gold overnight....hopefully that is the $1350 line breached

Enjoy the AGM guys - look forward to reading any snippets people post later for the Q&A...hopefully you're able to extract some interesting nuggets (pun intended!) relating to the new prospects

[goodgrief] 20/6/2019 08:54

Bill Morgan could do the investor presentations dressed as Ronald McDonald, sounding like Tweetie Pie, and still not distract from a great set of results and a fantastic outlook!

[bumpa33] 20/6/2019 08:45

Cantors offering 250k near the bid at JAY, no bid anywhere - suggests the mooted 5p placing is probably on the money.

[sharekitchen1974] 20/6/2019 08:37

It's all adding wood to the fire

[bumpa33] 20/6/2019 08:36

No prob, sorry couldn’t get something more definitive but to be honest we got the answer I was suspecting anyway.

[wanobi] 20/6/2019 08:35

well done oakey :-) cheers Wan

[wanobi] 20/6/2019 08:35

many thanx Bumpa, was certainly worth asking, much appreciate you doing that, cheers Wan :-)

[bumpa33] 20/6/2019 08:33

Wan, they’re claiming not to know the extent of the order, they get a clip, once that’s gone they try the seller again. Whether you believe that or not is another matter.

[laurence llewelyn binliner] 20/6/2019 08:32

#Sharekitchen1974, probably down to the FED becoming more Dovish on rates, and needing to cut them in the near future.., but any conflict event adds fuel to the fire..

Q2/H1 results are only 2/3 weeks off now.. :o)

[oakey1] 20/6/2019 08:31

Sold AAU for decent profit...will buy back in if it drops back in a few days

[wanobi] 20/6/2019 08:28

thanx Bumpa, TSG buyers back today :-) but then they are in just about every decent gold company out there :-) LOL cheers Wan