Anglo Asian Mining Share Discussion Threads

[callmebwana] 20/6/2019 12:52

RB many thanks. A long journey for you,take it easy.

KS,I suppose XLM may have turned a corner now. There are many people with burnt fingers there though. I got out with a small lose of about £1K. Though at one time I was about £9/10K up. That my friend is the Stock Market.
I did not know it had fallen this low !! Just be very wary of the CEO. I did not bother to keep it on my watch list either.I am just giving you my honest view. ATB.

Edit.
The other Tech was TAP. I was into Tech socks then.

[mad foetus] 20/6/2019 12:46

It was good to meet new faces and see the board in action. They are clearly men of substance. There was much less content than at the HUR AGM. No presentation but around 45 minutes of questions. For me the biggest takeaways were the total alignment of board and shareholder interests, something John Sununu referenced more than once, very much in a "we want what you want" sense. Also, there was a discussion about future plans and while the board are always travelling and weighing up options I got the clear impression that they feel the 31 prospects that they have initially identified are so promising that it would need something exceptional to detract them from what they already have. Stephen Westhead answered questions fully and very professionally and has a full time qualified geologist working with him who was also at the AGM. There is a huge amount of work going on and I have no doubt that news will come thick and fast throughout the year.

[riggerbeautz] 20/6/2019 12:40

By the way Stephen is the real gem he’s an outstanding professional, we are in great hands. He convinced Reza (who doubted the cost of the ZTEM survey) to go ahead; Reza backed him it seems despite cost reservations, the results speak for themselves! This guy is exceptional to most in my humble opinion.

[king suarez] 20/6/2019 12:36

Thansk v much for that feedback RB.

XLM - just a small position in my SIPP (in at 49p) as looked to have bottomed and financials looked v solid (high yield too) and seem to be following a 'sensible' restructuring. Will keep an eye and see how it goes, but appeared limited downside at that value.

[gutterhead] 20/6/2019 12:24

The agm....it was good, very good

Reza quote “I wasn’t sure of the helicopter survey but actually I think it’s the best investment I ever made”

John Sununu “take your time, we are in a hurry”. In reply to how they will decide to use the data to decide next action

Great to see familiar and new faces

[callmebwana] 20/6/2019 12:20

SB, many thanks for clearing that out.

KS, I was in XLM a while back..It kind of lost it's way. I am a bit wary of Co,s from Israel these days. Gambling laws in the USA et,etc. Some II,s also got caught out by XLM

[rivin] 20/6/2019 12:13

mad foetus

We met at The Goat after the HUR AGM when you mentioned you liked AAZ so I put it on my watch list.

I have recently invested and wonder if you have any points of interest from the AAZ AGM which you could post on this board.

Regretting that I didn't take the plunge 2 weeks ago !

[ilostthelot] 20/6/2019 12:06

Indeed each to their own. I welcome the bear case though.
Lurker5 - how do you value AAZ and at what price do you consider to be value and worth buying at?

[king suarez] 20/6/2019 12:05

XLM having a bit of a breakout?

[bleepy] 20/6/2019 11:59

Btw, Hardman’s note title, spot on...

ANGLO ASIAN MINING
Prodigious cashflow AND bigger “system” potential.


Read the 2017, 2018 and 2019 company rns’s, not convinced, then it’s not for you. Many have come to rue that decision, each to their own I guess.

[lurker5] 20/6/2019 11:59

LLB - the cash build up is recognised in the NPV. PI's might make the same mistake here (although AAZ is a much bigger and better miner) as for Hummingbird 2 yrs ago. They all thought the (expected) cash build was a reason to invest. But the NPV (which they didn't understand) showed HUM's share price to be already up with events, while there was a similar question mark against spending required to progress mining beyond what was already in the plan. Having said that, AAZ has a better reputation, and maybe more momentum behind the shares. But I wouldn't chase it.

[doc_oj] 20/6/2019 11:57

excellent post bleepy, totally agree!

[goodgrief] 20/6/2019 11:57

Very well put, bleeps. The company is fantastically well poised! I look forward to the other 75% of FCF paying 'dividends' in the near future!!

[wanobi] 20/6/2019 11:56

well done for getting there Rb, sounds really amazing, wished I'd taken a sicki now,,,, grrrr, I suppose I always knew deep down I'd feel this way :-) LOL... look forward to reading all about it,,, many thanx, cheers Wan :-)

[ilostthelot] 20/6/2019 11:56

Excellent post bleepy. On the money!!

[sportbilly1976] 20/6/2019 11:47

bwana,

apols - my post #7133 related to STCM, not here

Rigger - thanks for the update...thought it might have been positive...very true, it is in the off spec questioning you glean useful snippets of info

[bleepy] 20/6/2019 11:45

Many along the way have disembarked for various reasons, and many many like resourceful who sold 1ml shares at 8p(from memory) appeared to justify it at the time.
Then we have the traders, wiser perhaps but will admit from 5p upwards not many profited and are they still invested!!
Fundamentals, an exemplary management team who value their shareholders, no dilution since inception, CEO who had $4ml of his own money lent to the company to avoid dilution, ipo docs whose data is now being brought up to jorc standards, 50ml plant, debt free, handsome dividend, cash generative, exceptional exploration and potential, record production 2018 and another targeted for 2019, lom to be extended beyond 10ytrs,etc,etc,etc.

There has been more due diligence carried out via this bb than you’ll uncover anywhere else.
Hardmans note valued the company as folding in 2025 not taking into account jorc standard reports later this year will raise lom in excess of 10yrs, halfway through an aggressive exploration programme that’s already highlighting exceptional discovery potential, ZTEM aerial survey highlighting 31 prospective targets on Gedabek alone(outside of present mines), satellite survey being employed, huge potential at Ordubad, new discovery at Gosha etc,etc,etc.

Three investors visited Anglo Asian Mining and their findings/report you find freely shared on this bb.

AAZ are an exceptional team and company who sincerely value their shareholders.

This bb is an exceptional board valued by many.

Buyers need sellers to make a market and it’s always at your own risk. Believe or believe not, do your own due diligence.

Many know the inherent value of this company going forward and it’s not in the to distant future and far in excess of today ascribed value. A future that has decades of potential production.

[callmebwana] 20/6/2019 11:42

Wan,not being hard on you at all. You know what QE is,PRINTING A LOT OF PAPER MONEY !!
What value your paper money ? I am not joking, I keep little cash in the Banks.
We talked about physical Gold too, remember ?? I suppose I just speak my mind.

SB, I don't think that an II has jumped in yet, AAZ has been under the Radar for far too long. Slowly it has been recognized by many PI's. I could be wrong but we will have to wait and see.
I would have watched the MM,s to hold the share price down to fill the order from an II . Just my view. Though as I say,I could be wrong too .

Is it over 3% when a holder has to be RNS,d? Someone sold quite a few when the share price was dragged down to around 70P. There was no RNS then. AIMHO of course.ATB.

Thank you RB. Enjoy the beer. :0)

[riggerbeautz] 20/6/2019 11:41

Fantastic AGM.

Motions quickly carried, followed by off spec questioning which proved informative, in fact too much information, I’m going to forget most of it. Will find a bar and try and script some thoughts.

Oh and John Sununu has a second career as a comedian. Probably the best AGM I’ve ever attended.

This is an outstanding company or as Reza or John put it, better than most of the other losers out there! Lol

[mad foetus] 20/6/2019 11:31

AGM finished, all extremely positive.

[sportbilly1976] 20/6/2019 11:22

43,382 delayed trade at 118.25p a likely accelerator of the drop earlier

[sportbilly1976] 20/6/2019 11:05

wan,

so that's one of the many, many trades over the past few weeks accounted for. I did a quick tally and make it around 6 million sold, so further rns' to come

the most interesting one imo will be relating to the increase in holdings....who has been picking them up?

[wanobi] 20/6/2019 11:03

STCM RNS

20th June 2019
Steppe Cement Ltd
Holdings in Company
Steppe Cement Ltd ("Steppe Cement") received notification that Neon Liberty Emerging Markets Fund LP disposed 500,000 ordinary shares in Steppe Cement on 18 June 2019 at average price of GBP 0.313125 per share. Following the disposal of these shares, Neon Liberty Emerging Markets Fund LP holds 8,449,871 ordinary shares representing 3.86% of the issued share capital of Steppe Cement.

Wonder who's been buying :-)

Cheers
Wan

[laurence llewelyn binliner] 20/6/2019 10:58

Who shook the tree..?, the apples on the ground look value.. :o)