Anglo Asian Mining Share Discussion Threads

[fozzie] 02/6/2020 08:10

Some great posts over the last 24hrs guys, thanks for all of them. I was wiped out on IG as this C19 thing bit toward the end of March. I chucked a lot of good money after bad in an attempt to keep positions open, I may well have succeeded but the savage drop in oil price one Sunday evening really did cook my goose. I lost about 20k which hurts my pride as much as my bank balance. I will give spread betting another go as up until the perfect storm of C19 and oil price it was going fairly well but not just yet.

[wanobi] 02/6/2020 08:06

many thanx Rb,,,, "I don’t fear losing" is a great place to be,,,, I'm not there yet :-) but working on it :-) Cheers Wan :-)

[wanobi] 02/6/2020 08:01

TXP - might be more than just the down-hole results,,, could there be a TO approach RNS tomorrow am, by one of the majors,,,, how does this usually work? Cheers Wan :-)

[riggerbeautz] 02/6/2020 07:59

Morning Wan,

Firstly can I say I’d never be tempted into any kind of leveraged short against AAZ or many miners/resource plays prior to news, it might seem a good strategy in hindsight but any sort of blockbuster RNS would seriously hurt your trade and wealth; feel free to check but it’s not something I’d ever contemplate.

Maybe you will be right but that’s not something I’d do, as it would feel counter intuitive. Instead shorting for me, is when markets or a specific stock have a lot of inbuilt fear, usually for good reason and are a safe counter weight to overall long positions. In other words balance risk to your portfolio.

My biggest asset Wan is I don’t fear losing, it grates on me but I don’t feel obsessive about checking all my accounts values and worry if they go up or down; a bit like CMB, each trade positions however big or small, is really play money I can afford to lose as I have other assets and income. I’m on a bit of a purple patch last few years, some people might not like that I mention it but I don’t care, as I keep saying, this isn’t a team game Wan, you’re in it for yourself.

What I won’t do is mention individual trade profits, as I’m not a willy waver and know boasting winds some people up. Oh and good luck to anyone who wins, I know my own pot values thereabouts that’s all that matters. So that’s why I say live and let live, there are a couple of visitors here that grate on me, but then I step back and chuckle, it’s up to others to see through them.

In many walks of life, you constantly learn, I’ve always believed that. If you read and research, you will find many admit mistakes, anyone that doesn’t is a b.s merchant mine are usually because I have a gambling nature and lose discipline, i expect I’m going to get stopped out of SHI but at least I’m learning to limit losers and ride winners in my “educationR21;.

Have a great day, I will :)

[avsome1968] 02/6/2020 07:59

Gold 1736 lol.

[wanobi] 02/6/2020 07:57

Brent now at 38.73, gold at 1376 :-) Cheers Wan :-)

[wanobi] 02/6/2020 07:52

you're very welcome Wimbled, hard to see why it would not go up today :-) Cheers Wan :-)

[wimbled] 02/6/2020 07:44

Thanks Wan, lets hope this news changes the chart action.
I think MMs think so.......

[wanobi] 02/6/2020 07:40

TOOP, aha, yes, thanx for the heads up Wimbled :-) Cheers Wan :-)

Toople PLC (LSE: TOOP), a provider of bespoke telecom, broadband and IT services in the UK, is pleased to announce that Direct Market Services Limited ("DMSL"), its recently acquired subsidiary company, has won a major new contract with Carluccio's, the leading hospitality and restaurant brand. Last month Carluccio's was subject to a buyout by the Boparan Restaurant Group and is now set to re-open in line with the current government guidelines.


free stock charts from uk.advfn.com



free stock charts from uk.advfn.com

[wimbled] 02/6/2020 07:34

Wan, TOOP news with contract win.

Company priced for failure but does this news mark the bottom. Do we have another DLAR today with TOOP.

!!!!

[wanobi] 02/6/2020 07:24

TXP - this could be a very interesting one if the down-hole results are in :-) Cheers Wan :-)

Touchstone Exploration Inc. (TSX / LSE: TXP), an oil and gas exploration and production company active in the Republic of Trinidad and Tobago, will be holding a live online interview and Q&A session with the senior management team on Thursday 4(th) June 2020. The webcast will be recorded and made available on ValueTheMarkets.com ( ) after the event.

The event will take place at 7.00pm BST on Thursday 4(th) June 2020, please visit the following link to join: . The room ID is: 229-863-978.

Or to listen by telephone, call [phone] and provide the Participant PIN: 262163878 followed by the # key.

[wanobi] 02/6/2020 07:18

What can I say, had a great sleep last night and woke up to yet more amazing posts, full of helpful advice, experiences to learn from and recognition for my exploits so far (thanx Mj, appreciate the kind words),,, obviously I shall say it again,,, the thread is our thread and is only as good as its participants, so in return I tip my hat to all of you guys,, every single one of you that has posted here over the past 21 months,,,, thank you all :-)

A couple of things really hit home; yep, I am I suppose trying to be all things right now, LT investor, ST trader (not day trader, yet LOL) & now a spread better,,, upon reflection this has kind of snuck up on me as I spend more time at the screen and see opportunity after opportunity to make a few quid here and there,,,,, so I need to have another look at myself in regard to that,,,, thanx..

And, wowzer, this one hit me in the face Rb,,,,, possibly and I say this without checking, had I have gone short prior to all the scheduled AAZ RNS's and presentations I'd have made money around 80% of the time!!! I could have let my LTH run as that's what I want to do,,,, but softened the blow each time with a leveraged short which would have either stopped out had the trend gone against me or made me a nice chunk!!!! Great strategy, one which I'm sure many have adopted based upon the sell on the news nature of AAZ..... Brilliant,,,, thanx Rb :-)

Also, during this recent mini crash,,, I could have left my LTH's in place and gone short on them all in the same way,,, again softening the blow and making money on the downward leg,,,, hindsight though!!

EML - Mj, spot on with the story there,,,, only thing I'd say is that the CEO has nothing else to do right now but sort the permitting and strike a deal which he aims to have sorted by year end with no further dilution in 2020,,,, bit of a punt, but not long to wait to see and a deal could drop at any time :-).... but, I 100% take your point in regard to it... why bother with punts!!

CMB - you have been with me, along with Bumpa, ilost, and a few others from the very start,,,, you have 'busted my balls' on many an occasion, made me think very hard about things, encouraged me, educated me, warned me, helped me and so much more,,, for all of that I am truly grateful :-) thank you....

Bumpa - what can I say to you,,,,, but,,, thanx again and again,,, you may not realise it, but you are highly respected for the way you play this game and rightly so :-)

Rb - your biggest asset if you don't mind me saying, is your temperament,,, along with a great 'live & let live' approach to life, razor sharp intellect and a general coolness & confidence in the things you do --- I've learn't so much from you,,,, big thanx,,, really big thanx,,,,,,, especially for those book recommendations....

MF/DP - I suspect you are or will be highly successful at this game, you have I believe everything it takes to make it big,,,, many thanx for all your assistance and I may just DM you in regard to the SBing if/when I need to... :-)

There are many of you I'd like to thank personally, but, please excuse me right now as I need some breakfast :-) LOL,,,, to all the rest,,,,, thanx thanx thanx :-)

Mj - when are we expecting news from CNG,,, I know it's June, just not sure when in June,,,, thanx....

Cheers
Wan :-)

[wanobi] 02/6/2020 06:44

Good morning all, Good luck and Good Health to you all today :-) Cheers Wan :-)

[brasso3] 02/6/2020 05:05

BTC poked its snout above $10k over night. Is now the time when it breaks out...

I have been topping up on ARB last week. They are one of the most efficient BTC miners around and will be highly leveraged to any moves in BTC.

[riggerbeautz] 01/6/2020 23:03

Yes well put mj, there is a clear art to day trading, Bumpa is pretty good at that and I’ve known him to be for over 12 years now. Despite odd wins, I’m pretty average at best. Sitting tight for longer periods is far easier for me.

[goodgrief] 01/6/2020 23:01

... 4yrs in, then! Just getting a bit impatient hoping the next 4yrs, as it were, happen in a shorter timeframe. Frustrated that Bill's last presentation didn't focus mainly on the strategic update. Did it get as much as 1min? Getting tired of the same old slides. I'll scream if I see that slide of the composition of the board one more time!!

[callmebwana] 01/6/2020 23:00

Wise words Matt
I do it as a hobby. Others do it for the money. I don't really have anymore need for it.
We after all we are individuals in our own ways.

[mattjos] 01/6/2020 22:50

I read all the posts on this thread ... Wanobi, i tip my hat to you as you have come a long way since you first found AAZ & you have created a very inclusive and active thread - well done, sir.What i think many people here stringless with & its really common as I struggled also for years .... do you wish to be an active trader (like a chap on a market stall with Apples & Pears who needs the weekly cash to live off) or, do you wish to be an investor for the long term ?It is a really hard thing to determine about yourself + your relative wealth as at any one particular day will inevitably affect that decision. It is probably hardest thing to learnt about yourself.Daily Trading is exciting .... but, if you want to make £50k per year from it then, you do really need to active and alive to every little nuance of the market each day ... my observation is that Bumpa is good at it and busy at it & enjoys it.If you say, I want £50k per year but, I can take a 5 year view and take £250k every 5 years then, you are unlikely to trade every day or every week or even every month ... the big money is in the waiting & that means waiting on a winner and also waiting for a price to come to where you want it to come to before you buy.

[goodgrief] 01/6/2020 22:32

Wish someone would put a small lit taper under AAZ...

[riggerbeautz] 01/6/2020 22:28

Meantime my Canuck plays are on fire. No stopping ELY even with Wallbridge going back down to near my sale price(feel kind of better about that), up another 18% and near 2 bucks!!! Great gains for Impact and Excellon too. Roxg going back to highs. I’m kind of pinching myself didn’t go in with more but mustn’t be greedy.

[mattjos] 01/6/2020 22:24

ill .... not really examined EML as it is pre-revenue and pre-funding so, likely to follow the usual AIM cycle of huge excitement at this early stage as the potential is revealed (& I accept the potential looks appealing) but, as I understand things, they will need to raise a bucketload of cash and it will be some time before they start to produce so, most unlikely to be plain-sailing between now and production + mining startups are rarely straightforward. I would rather wait and look again once they reach the productive phase and after the inevitable trials and tribulations between now and then.10 years ago i would have been chasing such a stock but, not now.

[riggerbeautz] 01/6/2020 22:22

As I seemed to start this little conversation, I’ll add Shorting via SB’s is something I rarely do, I got lured as a novice into hitting the builders and made a few mistakes but a bear market saved me, it did seem obvious to short certain sectors like retail, with Next, Woolies, JJB being favourites and then moved onto leisure picks and Carnival was the most profitable then.

F.w.i.w I only use shorting in a full on bear phase to cushion long plays I don’t want or can’t exit like AAZ. It’s my belief when everything’s going down, if you can’t beat them join them, no point going against such weight, rather jump on board the down train. Some Retailers through online set ups can ride it out and may do well, but given Covid it was all about picking a stock that can’t, clearly Carnival wasn’t going to be bringing in revenue, the bond sale prop was the saviour in the end.

I’ll just say whilst it made me a real decent 5 figure return, it still didn’t fully cushion my long losses at that moment, but helped.

[callmebwana] 01/6/2020 22:18

LOL, if nothing else sometimes I do get some input on this BB going.
Very good input by you guys and much appreciated by me and Wan,I am sure.
I am too old now to start playing the dark arts. I just invest and see how it goes. Thank you for your experience and input guys.
ATB.

[ilostthelot] 01/6/2020 22:14

Thanks for your insights Matt. Have you looked at EML at all? I'd be interested in your view.