Anglo Asian Mining Share Discussion Threads

[bumpa33] 27/4/2020 17:25

Welcome to the U.A.S.R.

[bumpa33] 27/4/2020 17:24

Pelosi - “minimum income worthy of attention? Perhaps so...”

[wanobi] 27/4/2020 17:10

indeed cmb :-) LOL,,,, but, had you told me a month ago we'd be struggling to break 100p in a months time I'd have called you a complete nutter LOL, LOL,,,, oh what a game this is cmb,,, mind you, we might be back at 20p in another months time,,,,, or, we might be at 500p LOL LOL,,,,, the worlds gone nuts!!! :-) YIKES,,,, Cheers Wan :-)

hope all is going well for you cmb, please do stay safe and go catch those fish :-) Cheers Wan :-)

[callmebwana] 27/4/2020 17:03

Wan,this £1 is proving a tough nut to crack for AVCT ! It closed at £1 this evening. Let us see what tomorrow brings.
D/P..M/F sounds like a great idea to give the Co a phone call. share price Angel are useless bunch IMO,we need a better broker then them.
ATB.

[wanobi] 27/4/2020 16:57

not meaning to press the point, but right now whilst the spread is 10p,,, might, just provide the best backdrop for such an interaction :-) Cheers Wan :-)

I shall leave it at that DP :-)

many thanx again

Cheers
Wan :-)

[wanobi] 27/4/2020 16:53

nothing to lose and everything to gain by doing so DP, cheers Wan :-)

[donald pond] 27/4/2020 16:51

I may drop them a line Wan, I think if they bit the bullet and paid a bit more to get a bigger broker onboard it would pay immediate dividends. Thanks for your thanks - LOLS!

[wanobi] 27/4/2020 16:49

DP/MF, your post 34517 on the main AAZ thread,,, I doff my hat to you and many thanx for posting that,,, might I be so bold to suggest a telephone call to AAZ top brass offering up your expertise in this area :-),,, apologies if I have overstepped the mark, not meaning to cause any offence,,, clearly you have much to offer them when it comes to such things :-),,,, many thanx, Cheers Wan :-)

[donald pond] 27/4/2020 16:43

I'm a director of a listed company much bigger than AAZ, but which started out with a market cap of around £100m, and never had a spread above 1%. It is the job of the Nomad to manage the market. It doesn't matter if they have a trading desk or not, their job is to ensure a liquid market and to target key institutional shareholders. From what I have seen, share price Angel do none of that. If I was the board, THE SINGLE BIGGEST THING I could do for shareholders would be to hold share price Angel's feet to the fire on this, and tell them that if they cannot get the spread down they will be fired. Because there are no shortage of Nomads with trading desks that can do this.
There was frustration when the spread was 7p, now it is 10p. What next, 20p? Big spread = less volume = MMs worried about balancing books = bigger spread. It is a vicious circle and we need fewer MMs, more newsflow and a more active Nomad.
All very achievable.
I spoke today to one of the UKs best known private investors and mentioned AAZ to him. I'm pretty sure the spread would put him off. And really, when Barrick and Newmont are up 100% yoy and have minimal spread, why would any rational investor buy AAZ right now? Yes, it is cheap and high quality, but it is cheap because it is so illiquid. And it will remain cheap until that is addressed.

[wanobi] 27/4/2020 16:16

indeed Rb, my cv19 watchlist has gone through the roof today!!!! LOL Cheers Wan :-)

now that's what I call a candlestick LOL LOL GLA Holders :-) yeehhaaa :-)


free stock charts from uk.advfn.com

[riggerbeautz] 27/4/2020 16:14

Hemo May yet break 4p this afternoon.

[wanobi] 27/4/2020 16:12

many thanx Bumpa, cheers Wan :-)

[bumpa33] 27/4/2020 16:09

Wan - Singers have been sat on the bid all afternoon, reloading.

[mattjos] 27/4/2020 16:05

Also a wide, 10p, spread deters Spread Betting in the stock & MM's don't want someone amassing a big position on leverage here right now

[wanobi] 27/4/2020 16:04

Cheers
Wan :-)

[terropol] 27/4/2020 15:50

MAD FOETUS, share price Angel Will have no influence on the trading spread. That is up to the market makers, We have about 50.000.000 trading shares. With the low numbers the price can move eider way very fast....therefore MM,s will protect themselves by having a big spread and insuring they can turn any shares they buy in to a profit sell.
They are there to make the market and make money....they will not be giving us any fevers...
You Just have to pick the right moment to buy or sell.
SPAngel do not have a trading desk, they used to have one at Fairfax, that is some years back....

[gold finger 1] 27/4/2020 15:42

Does anyone know why this happens.
We have had buyers happy to pay almost the ask price, Then we get a few sellers and they drop the price.

I would love to know who are selling at these stupid prices as we are in a bull gold market. There are more stupid people out there than i thought.

[gold finger 1] 27/4/2020 15:31

We all know you can buy or sell inside the spread.
But anyone looking to buy must see the spread and think,no thanks, i will go buy X or Z share, their spread means if it goes up today i will be in profit. Not like here when you could have a good day after you fist bought in,yet still be losing money.
Its no wonder we have such low volume every day.
I see we have gone back to a 10p spread yet again.

[mad foetus] 27/4/2020 15:27

Very disappointing. What are share price Angel doing? Spread is stupid. Anyone who bought in earlier could be 10% down on minimal trades.

[jbravo2] 27/4/2020 15:07

CFEQ who used to be the most competitive MM (often had a 5p or 7p spread) have become the least competitive.
They moved to the NMS of 7500 a few weeks ago (everyone else still showing to quote 10k) and have today moved to showing a 15p spread
If the trend continues it’ll make it harder still to trade in and out

[ilostthelot] 27/4/2020 15:03

Aaz chart looking good again.

[ilostthelot] 27/4/2020 14:58

Fair bit of resistance around 145p.