Anglo Asian Mining Share Discussion Threads

[riggerbeautz] 15/5/2020 16:24

Gold rush I’ve briefly looked at them but having bumped into S.W at last years AGM I expect he’s going over everything with a fine tooth comb. To be honest, it’s hard not to get rampy with AAZ but even harder for some, to let it play out ;))

[mad foetus] 15/5/2020 16:23

FFS what does it take for the share price to move? AAU looks like it's breaking out. Come on AAZ!

[mattjos] 15/5/2020 16:11

Gold price has been like a smouldering forest fire, particularly since September last year. The FED has just been liberally dousing it with kerosene & the temperature is climbing .. spontaneous combustion is not far away now

[wimbled] 15/5/2020 16:05

FDBK Nothing online. But can sell loads..............

Maybe the wait is worth it.....news Monday?

[baddeal] 15/5/2020 15:57

With current gbp/usd rate I think pe is really now below 10x before factoring in this years numbers so forward pe still in single digits

[mad foetus] 15/5/2020 15:45

I think EML and ACP are closest things I've found to AAZ back in the day

[excellance] 15/5/2020 15:43

Gents, I'm sure you're all familiar with ALTN but can they be compared to where AAZ were only a year or two ago?

What I'm saying is, could ALTN replicate the success of AAZ and if so are they not worth a punt?

I think they are, but that's just my opinion...what are your opinions?

[bo doodak] 15/5/2020 15:42

The share price has been markedly oscillating around the 2005 high for some time, highlighting its importance. I'm not a chartist but does seem quite reasonable to have had a fair period of 'stickiness' at that level before we continue up. It surely can't be too long now though.

[jbravo2] 15/5/2020 15:29

You got it IamBV
Let’s face it, the valuation makes no sense with the current gold price.
Even if POG treads water from here to the end of the year we’d end up with a selling price of at least 1670 for the year.
We sold last year at an average of 1410.
If we then allow a proportional increase in AISC to 636 (from 591) to allow for the lower predicted gold production this year (65koz vs 70koz)we’re going to end up with an extra 14m just because of the gold price.

That’s over 12c a share. For one year. For a slight decline in gold production.

Add in a bit of juicy data about where we go next and £2 should be smashed in short order.
An extra 12c per share. Lovely.

[wanobi] 15/5/2020 15:28

Aye Lad :-) LOL cheers Wan :-)

[fozzie] 15/5/2020 15:22

With a cup of Yorkshire Gold eh Wan ;o)

[wanobi] 15/5/2020 15:18

so far a quick look see for me GR, but, I will be reading every detail over the weekend for sure :-) cheers Wan :-)

[wanobi] 15/5/2020 15:16

it's clear to me that even as a LTH it's very useful, perhaps essential to those of a nervous disposition,,, to understand and get a feel/sense of how a particular stock behaves/trades around news events.... :-) Cheers Wan :-) GLA

[goldrush] 15/5/2020 15:15

Rb and Wanobi

Have you had time to read Mattjos and bleepy links to Gedabek system and what they think of Stephen's work ? It is hard not to believe that Bleep's £5 price tag could be too low.....no wonder the discussions with the Govt are taking time.....IMHO

[terropol] 15/5/2020 15:12

Cant help getting the feeling this will be knocking on the £170.00 door again soon...

[fozzie] 15/5/2020 15:12

Knew I should have looked at that when you mentioned it the other day Rb. (Ely)

[riggerbeautz] 15/5/2020 15:11

Shame for those that got mugged doubting results RNS Wan, sitting on hands, at least the first hour of trading and not reacting should be a lesson for many; well unless Armageddon hits the markets, then if you’re going to panic, panic first lol.

[cinoib] 15/5/2020 15:08

Looks like the MM's have been reading my post, Not before time, this is worth 32 in any book.

[riggerbeautz] 15/5/2020 15:05

Pop number 2, ELY just hitting the highest levels for 12 years. Well almost, it’s going to get over intra day highs of 1.02 soon imo.

[wanobi] 15/5/2020 15:04

agreed Rb, some excellent work there for sure,,, having listened to those MM video's today I have no doubt those MM's are pricing it based upon the current LOM and will price it very differently when that RNS hits :-) Cheers Wan :-)

[mattjos] 15/5/2020 15:03

That covers most of it IamBV :-)

It's cheap and keeps getting cheaper with every passing day that Gold is up at these levels.

Wait until Gold cracks $1,900 & we've issued some more JORCS and detailed a plan to get cracking on a new mine. Will probably still be cheap even though the price will have risen above £2

[riggerbeautz] 15/5/2020 15:01

Can’t get enough of IPT now ffs, said it would move quick and I was right.

[riggerbeautz] 15/5/2020 14:59

Seen some good posts by Mj sand others on main AAZ thread, talking of primed this one is ready to launch on any new news.

[iambv] 15/5/2020 14:58

From the accounts for the year to 31st December we have a PE = 11.09 and with earnings
growth of 18.08%, the PEG = 0.61. But that is based on the share price at the end of the year, which was about 150p, much higher than that today. Even at that price at that time the share was a fabulous buy!

The current yield is approx. 5.7% at the current share price

We are now almost halfway through this year and the gold price has already risen substantially. It is now rising dramatically and tipped to rise much higher. Clearly the results for the current year could be astounding.

And so we have:
An income share that pays an ever-increasing, well-covered dividend.
A growth share with low PE and low PEG.
A company where a number of its' directors have a lot of skin in the game.
An ever-strengthening balance sheet, with cash reserves rapidly increasing and no debt....... Oh, and loads of more production and exploration possibilities.

Have I missed anything? BV