Anglo Asian Mining Share Discussion Threads

[jbe81] 14/4/2020 10:26

Ygen rising whilst the board is completely dead on advfn too

[gold finger 1] 14/4/2020 10:24

10p spread again i see.

ILSTTHE LOT.

My last buy last week was at 114p not 117p
I used to have a very good memory.

[callmebwana] 14/4/2020 10:18

LOL Bumpa,someone keeps giving you a red card on your posts. Why?

[riggerbeautz] 14/4/2020 10:17

Morning all

Bit late as played around on Aussie market. Well done Bumpa.

Wan if you have a moment, no hurry, tell me if you see any gaps on any longer term charts for AA. Mentioned it on Friday and it’s moving fast today but I’m more interested in longer term.

[jbe81] 14/4/2020 10:16

Ygen, slow and steady. A bumper RNS would be nice though.

[jbe81] 14/4/2020 10:15

Can't argue with a profit Bumpa, traders all over it, offers am opportunity to sell. Could go down as fast as it's gone up or continue to fly.

[mad foetus] 14/4/2020 10:05

I tried to buy 10k first thing and got 8970 at 117. Think that cleared them out

[ilostthelot] 14/4/2020 09:51

gold finger 114 Apr '20 - 09:22 - 34070 of 34073

Absolutely. I was buying on the way down. 120p then 100p and 80p.

Markets can be irrational as we all know. Some of your best buys make u feel sick!!

[wanobi] 14/4/2020 09:48

thanx cmb, yep, my oilers taken a battering this morning,, but, I shall let them run :-),,, I still think it's just a matter of time before things look brighter in the oil sector,,, just a question of how long :-)

Gold & Silver stocks, nice..

AVCT, wowzer :-) LOL

Cheers Wan :-)

[wanobi] 14/4/2020 09:46

many thanx KS, greatly appreciate your assessment,, I shall continue to hold and add should it take a decent dip,,, after all, this is a LT investment, not a trade :-) GLA Cheers Wan :-)

[bazboa] 14/4/2020 09:46

Interesting slide (19) on TSG corporate presentation on grades

[king suarez] 14/4/2020 09:44

Here are my first thoughts on STCM..

I wouldn't call the results 'awful'. There has been a 10% drop in the volume of cement sold in Q1, year on year, which is the weakest quarter of the season. The result is therefore c30k less tonnes sold for the year so far, which is nothing considering the full year sales are usually around 1.7m tonnes.

A drop in sales, albeit minimal, is obviously not positive news, but the summer trading is what is going to have any real impact - hence the prudent looking forward statement which tells us the company expects demand to be lower due to oil price uncertainty and Covid-19.

STCM have managed a 1% sales price increase, at the cost of some market share - presumably they foresee a chance to sell production for higher prices in the summer (we are told the plant is operating at full capacity still) so appears to be a strategic move.

Cannot make any prediction re: the dividend since this will be paid in July - and much of the cash flow for that will be earned in Q2. It is possible principal repayments on the debt may be postponed in order to maintain the dividend. We shall see. I continue to hold at this price/value.

[callmebwana] 14/4/2020 09:42

Wan,sorry to hear about STCM. It has not fallen too far. It is PTAL that has taken a hit. I suppose you can't win them all. AVCT is on the move and I can see it will preform like NCYT or better. It all depends on what news they come out with.
All my gold mining shares are performing very well.
I wonder if Pouge sold his AVCT ?
Everyone to their own at times.
GLA.

[11_percent] 14/4/2020 09:38

Gold hitting 7 year highs.

S&P 700 off the lows.

They can’t both be right, can they?

===============

Its a crazy world these days.

[jbravo2] 14/4/2020 09:27

Once BEGO run out we’re gonna have a wide spread again
Perfect for em to try to discourage this buying and tease a few out

[saint in exile] 14/4/2020 09:25

There wasnt much stock available first thing.Took me ages to get just 10k

[polaris] 14/4/2020 09:24

Rising fast, yet we are still 25 p under the share price at the start of the trading year! Gold is $200 per ounce higher than the start of the year. Makes total sense that we are rising today, yet no sense from the ytd viewpoint. Roll on Q1 trading update and the FY2019 results.

I still have hope the share price starts with a 2 after the results mid-May. If current gold price is stable through 2020 then we will be about $18 M better off than 2019 in cashflow on our share of the revenues. That will also shine through on the day of the FY2019 results, depending on what pog is on that day cf. $1410 average price received for last year.

[gold finger 1] 14/4/2020 09:22

Its like people have said,its always harder to get back in if you sell.
I paid 117p last week for my last lot. So glad i kept buying on these lows.

[bumpa33] 14/4/2020 09:21

Closed SRB for quick turn.

[lefrene] 14/4/2020 09:19

Perhaps we have finally run out of sellers except perhaps for day traders?

The ugly duckling is about to become a swan.

[jbravo2] 14/4/2020 09:16

Only 1 MM offering any below 135 now
Stick getting even tighter
Need those sellers again

[bumpa33] 14/4/2020 08:58

Gold hitting 7 year highs.

S&P 700 off the lows.

They can’t both be right, can they?

[lefrene] 14/4/2020 08:55

Gold going up much faster than it went down!

[wanobi] 14/4/2020 08:48

TSG - new presentation today,,,, does state

"FY20 base case guidance of $3m dividend + potential for special dividends, as appropriate"

GLA
Cheers
Wan :-)