Anglo Asian Mining Share Discussion Threads

[cinoib] 13/5/2020 09:41

Just read through, can't see anything wrong, was expeting tomorrow so caught me on the hop. Sp reaction was typical and expected, but will go back up. Still beats the hell out of me why the share price is so low. There are other gold stocks way higher valued and not an ounce of gold to show for it.

[wanobi] 13/5/2020 09:40

as posted by Mj on the main AAZ thread, many thanx Mj, cheers Wan :-)

[supercity] 13/5/2020 09:39

Currently Selling gold at over $1k an ounce more than the all in costs.These results include paying the debt off all year (this should become extra profit next year)Dividend paying.I expect a delayed reaction in the coming weeks as a steady climb begins.There is a lot to like here

[mattjos] 13/5/2020 09:34

This came out at 5.30pm yesterday which will not have helped:

[mad foetus] 13/5/2020 09:33

On LOM and PSA every time I've met a director I've been told neither is an issue. They don't strike me as liars, so I believe that. Confirmation would of course be welcome

[ilostthelot] 13/5/2020 09:29

Brasso-
Absolutely. It is almost a risk free investment. Guess I am looking for another double to 2.50 /£3,we'd be worth that with a 10 year mine life.

[mad foetus] 13/5/2020 09:28

I wonder if share price Angel or Hardman will produce anything or if they have been stood down until more substantive news is out thereOn the PSA, it's not exactly generous to AAZ. And if government didn't extend it there aren't many others likely to come in and build plant etc on materially worse terms

[bo doodak] 13/5/2020 09:25

LOM is important but even more pressing is confirmation the licence will be extended. The gvt has the upper hand, not the company short term, as the gvt can choose to play hardball by delaying as we get ever closer to that date. AAZ would have to blink first.

[brasso3] 13/5/2020 09:23

If they carry on producing until the end of the license/ mine life (2024) they will likely have a cash pile equivalent to the current market cap. Hardly risky at these prices which ever path they go down.

[brasso3] 13/5/2020 09:21

ORPH back into bargain territory.

[jbe81] 13/5/2020 09:17

Have some ODX too , bought last couple of days, am hoping am buying at the bottom, but worried I am missing something..

[pogue] 13/5/2020 09:16

I bought AAZ to make money in a rising gold price environment but AAZ keeps promising meanwhile the gold price goes up and it doesn't. What happens if they eventually come good and the gold price is falling? They will go down obviously. We should be winning big time right now jam tomorrow maybe too late.

[ilostthelot] 13/5/2020 09:14

Fair point brasso.

Catch 22 they show the hand and the government doesn't extend the licence because we're literally sitting on what the ipo docs stated but don't show your hand and the share price trades side ways....

At least the financials are excellent.

[ilostthelot] 13/5/2020 09:11

Jbravo the worries are fair enough.

LOM being the number one concern of potential Investors. That is why I have sold some today. The company have an opportunity to dangle a carrot,today, which they haven't really so the concerns remain and therefore pressure to the down side.


Absolutely this company is well run And a cash cow that is why I still hold a fair few.

[mad foetus] 13/5/2020 09:11

EML strengthening again and the two head honchos buying more BUR

[wanobi] 13/5/2020 09:06

skeptic, try to keep calm today, the share price reaction is totally believable and expected based on the RNS today,, all the LTH's will tell you that, I have no doubt :-),,, patience is required and as the guys are saying, there could be bargain prices coming... :-),,,, easier said than done I know, but totally necessary right now :-) for your own sanity and health.... apols if this sounds condescending or patronising, it's not meant to at all,,,, I'm hoping it helps you :-) Cheers Wan :-)

[brasso3] 13/5/2020 09:05

I doubt they want the government to buy us out. They want to extend the license before telling the market how big they think the resource is.

[lefrene] 13/5/2020 09:05

Steady as she goes, making good profits and paying a good divi in the midst of a pandemic is very impressive. They do seem to be holding cards close to their chest on exploration prospects, presumably they have a reason for this? Four months have passed since the end of 2019, the price of gold has risen significantly and the price of oil has fallen sharply, so margins will have improved very nicely.

One observes the usual 'sell the news' market reaction, but where else are you going to find a safe 'earner' like this, even if the board do seem to wish (for whatever reason)to understate the future prospects.

[riggerbeautz] 13/5/2020 09:05

Brasso very brave playing the oil futures even on the short side.

[ilostthelot] 13/5/2020 09:04

foetus13 May '20 - 08:59 - 34945 of 34945
0 2 0
It all reads to me like a long game of call my bluff with the government: “I’ll show you mine if you show me yours”.
But over the last few years every AGM has seen the share price materially ahead of the previous year. It is hard to accept the company has stopped making progress, just feels like a game of chess is taking precedence right now


Why though?
If the government want to buy us out is it not better to show our hand royal flush if that is what we have.

[fozzie] 13/5/2020 09:03

I agree with you jb, I have no intention of leaving and indeed have just sold a couple of positions elsewhere this morning to raise some modest funds to put to work here.

[mad foetus] 13/5/2020 08:59

It all reads to me like a long game of call my bluff with the government: "I'll show you mine if you show me yours". But over the last few years every AGM has seen the share price materially ahead of the previous year. It is hard to accept the company has stopped making progress, just feels like a game of chess is taking precedence right now

[riggerbeautz] 13/5/2020 08:59

Me too Fozzie, I have plenty of dry powder but with Bumpa in my ear, I will sit and await a real bargain.

[skeptic1] 13/5/2020 08:58

This is un-fking-believable. I can’t understand markets sometimes.

[brasso3] 13/5/2020 08:58

I have gone to around 20% cash now. Also short the SP500, short WTI June futures and long the USD for a small hedge.