Anglo Asian Mining Share Discussion Threads

[jbravo2] 15/4/2020 07:03

Incredible cash generation going on here
26m in cash then add on the 6m received in April
Juicy
Just underlines we’re minting it just as fast as the Fed is printing it :D

[gold finger 1] 15/4/2020 07:02

just noticed those 4 after hours buys.
no wonder it was hard to get stock yesterday.

Edit
sorry i clicked on to the wrong company for those trades.

[jbravo2] 15/4/2020 06:58

Let’s keep our fingers crossed eh bozzy

[callmebwana] 15/4/2020 06:56

Eddy me and Wan are fine and doing well with our investment in AVCT and AAZ.
You too take care.

[gold finger 1] 15/4/2020 06:54

Foresight is a wonderful thing.
When a fall happens, and it always does,a lot sell out of fear.
That fear even effects people that don't sell. Buy that i mean some will sell when the rise continues after the leg down they sell when they get into profit,just happy that they made a profit and never lost money on the fall.
The real winners are those that see the fundamentals have not changed, continue to hold and buy more on the way down. Knowing that if the fundamentals have not changed the value is still there but now at a even better price.
That is why people like Matt are always talking about how valuable a dividend is. It helps to know that you get paid for waiting for the value of a share to return fair value.

I look more at the Gold price than the share price here. because that is what where the earning come from. On the last fall for AAZ and gold, gold went to a low of $1453, a fall of 14.5%. Now a gold price of even that or lower still gives a very good profit margin here.Now in that same time frame AAZ dropped 47%. Fundamentals had not changed, just ment profits were a little less.

Now i did not buy any near the bottom at 70p. I got some i think around 80p was my lowest buy at that time. But you know we are still 10p lower than the 9 march when the fall started for gold.

from that gold low of 1450, it took 2 days to get back to 1500, 2 days to get to 1600, and 16 days to 1700. How many days to 1800?

[doc_oj] 15/4/2020 00:34

@bozzy: i got some at 70.7p (lowest buy recently) but sold them around 100p, traded them a couple of times in that range, although my core holding plus an extra 15% bought on the way down are still sitting pretty. was going to get some more at 105p but missed out.

greed and hindsight make me regret selling and not buying more at 105p but a profit is a profit and i hold plenty as it is, at least for me. i really feel sorry for people who got mugged out of their shares on the way down.

i do hope the rise carries on, as everyone else has pointed out, we need to be much higher. although if there is another sell off, i'll try and make sure i leave no regrets :)

GLA

[bozzy_s] 15/4/2020 00:19

Speaking for myself, I'm just relieved gold recovered quickly from the $1400s. It was a worrying few days, seeing AAZ and gold drop like stones.

It's reassuring that most, if not all, regular posters on here at least kept their positions. Many, me included, added when AAZ was in double figures. It was obvious that the crash was temporary, and even with shrinking production AAZ was grossly under priced. Other than the allseeing one (a ramper at 140p, a seller at 83.2 / 82.6 / 82.0p, then a deramper at 90p upwards), everyone saw the value here.

One or two on the Wan thread wrongly assumed the mine would close. And took exception to 'rose-tinted' posters on here. Didn't occur to them that 3 or 4 posters on here are better informed than them.

Hopefully 2020 is on target, and just as importantly their plans unaffected by the virus.

Who paid the lowest price in the sell-off? Did anyone buy at under 70p? Could be sitting on a 100% profit this week - with a decent trading update hopefully :)

[easwarareddy] 15/4/2020 00:08

Nice rise today. I thought id pop by the board and see how my friends Wan and callmebwana are? Hope all is ok with u both esp current time. Take care

[bumpa33] 14/4/2020 23:57

Seems to be a lot of red ticks going on since you rocked up here Stig, why don’t you leave this thread in peace.

[gutterhead] 14/4/2020 23:08

The lag in Q3 will be companies pulling back capel and consumers trying to survive on 80% for previous months. If they have still got a job.
It’ll be about confidence and it takes time for people to feel confident to Spend

[riggerbeautz] 14/4/2020 21:43

Yep took my profit in Roxg had a great run but watching it slip back late session, I cashed in at 95c. Took further profit in Gran Colombia and back to holding only half what I’ve had previously, the cushion there is my average is now back to only 18c, so pretty relaxed on any falls :)

[bumpa33] 14/4/2020 20:57

Fellas, the bit that struck with me was “live to see another day...” :)

[henwii] 14/4/2020 20:52

Mattjos,

I tend to dissagree for this year I think Q3 will be higher than a 'normal Q3', sorry let me re-phrase that. I don't think, if lockdown goes on until mid June say, that many firms will let large swathes of their staff go on holiday. It might just make the difference between staying afloat and not. Or in an individuals case it might mean they keep their job rather than joining the dole queue. The government has already said that holidays lost this year can be rolled over for 2 years, as a result I think employers may be very keen to try and maximise what will remain of the rest of the year and spread holiday time out as much as possible for employees.

[callmebwana] 14/4/2020 20:46

Great post Bumpa. You could not be more correct if you tried.
I live for today. What tomorrow brings I have no idea but I will see it through be it good or bad.

[saint in exile] 14/4/2020 20:26

If you look at the trade history Cinoib you will see the true spread was nowhere near 10p

[wanobi] 14/4/2020 19:30

yep,,, thanx Bumpa / Rb,,,, in my limited time at this game I have always believed/recognised this to be one of the most important skills,,,, Cheers Wan :-)

[wanobi] 14/4/2020 19:23

many thanx cmb, wishing you the same too :-) Cheers Wan :-)

[riggerbeautz] 14/4/2020 19:20

Absolutely Bumpa, it’s pure luck calling a top or bottom.

[bumpa33] 14/4/2020 19:17

great quote this...


Mike T's career advice for all young investors: "Stop being right. Make money instead. You'll never get the bottom. You'll never get the top. But you'll get the middle and live to see another day for it."

Mike Taylor, 20yrs as a PM at one of the biggest hedge funds in the world.

[callmebwana] 14/4/2020 18:18

Yes Wan , it tells you that AVCT is going places. Let's see what tomorrow brings. I was a bit unhappy with you when you bought twice at the spike !!
You are a lot more qualified in trading now. Now who would have thought about this virus then ?? Sometimes the Gods shine in mistirus ways !! They are shining for you now,I am glad to say.
I hold your interests in my heart.
I don't tell you what to buy and sell. You do your thing in your own way.
I just want to see you succseed in your wish for early retirement.
Have that freedom that you yearn for.
You are a great guy and I wish you all the success.
ATB.

[wanobi] 14/4/2020 17:46

AVCT - not sure this means a lot, but, Lombard Odier Asset Management has increased its shareholding from 6.43% to 10.81%..... Cheers Wan :-)

[wanobi] 14/4/2020 16:53

many thanx ilost, we'll see how we go with FRES :-) Cheers Wan :-)