Anglo Asian Mining Share Discussion Threads

[riggerbeautz] 08/6/2020 10:59

Shall I let you in to a secret Jbravo, I mistyped AAZ on a stock screen, just did the double AA, don’t know why other than curiosity but clicked the link further and then got interested reading the b.b here, noticing Parvus RNS’s. Got to be about out soon and short position reducing.

Debt is a concern but they can sort that further down the line, the robust nature of current business looks defensive, we all know what they do. Just smacked of oversold due to a forced seller. My targets are not that high but I might let some run. They just need volume right now to clear the seller and short positions from what I can sense.

The pre AGM statement should see them comfortably into the 30’s, as I’m optimistic it will further highlight solid performance and profits.

[goldrush] 08/6/2020 10:55

We all know in general the types of questions that will be asked by the cut off date for the AGM. The Board will be expecting them and will answer them professionally and with respect.

That is why we can expect some RNS news flow IMHO and of course the Hardman Broker Note. 2 weeks tomorrow for AGM not far away now.

[jbravo2] 08/6/2020 10:46

Special thanks to RB
I’d never have spotted AA. without your heads up.
Actually started buying before you. Got large holding.
Didn’t want to post early to “Jinx it” but I’m virtually certain with today’s action I’m going to owe you a very large drink. Holding for over 50p easily. Maybe 100

Also AVCT to whoever first mentioned it on this thread yonks ago. Can’t remember who sorry. Smaller investment but the stellar rise has still seen me 5 figures to the good and that’s not including the primary bid I’ve got coming.... so long as we hold over 120p.

Drinks all round.

[lefrene] 08/6/2020 10:37

skeptic1, not if the FED doesn't want it to, it won't. Lets see what happens around 12:00 when the early shift starts.

[goodgrief] 08/6/2020 10:32

They can confirm whether "takeover" talks are continuing or not. Or give an indication how long these talks might take. It's been 10 months ffs.

[bumpa33] 08/6/2020 10:31

Word of warning on going short, however overheated a target may be, you’re much safer waiting for it to roll over/top out, unless you’ve a strong stomach.

[baddeal] 08/6/2020 10:27

Don't expect much at the agm, board can't say anything that hasn't previously been announced to investors via results or rns.

[brasso3] 08/6/2020 10:22

Short CCL at 1628p.

[riggerbeautz] 08/6/2020 10:09

Yes Wan, always but I’m in no hurry, it will be my bear market go to. Right now I’m more focussed on long shots, that are appearing everywhere, after all the Dow is going to da moon, everything in the garden is rosey, right lol

C’mon AA. got a big wedge there now.

[skeptic1] 08/6/2020 09:54

Gold will be back above $1700 today I reckon.

[gold finger 1] 08/6/2020 09:53

The thing i was pointing out at HUM was.
$10m acquisition,First gold production targeted within 2 years, with production of circa 100,000oz per annum and AISC of circa US$800 over an initial 5 year Life of Mine ("LoM") Estimated capital development cost of circa US$90m for plant construction, mine development and all associated infrastructure.Plus,Deferred consideration of £10 for every ounce of gold reserve published in excess of 400,000 ounces (subject to a maximum of 1,000,000 ounces)

§ Additionally, Cassidy shall retain a 2% net smelter royalty on all gold sales by or on behalf of the Company over and above the first 200,000 ounces of its production and sales up to a maximum of 2.2m ounces of production and sales

Just add up the costs that are projected to get into production in about 2 years.
So a cost of cerca $100m.
Then take the AISC, then add on to that the royalties.

[wanobi] 08/6/2020 09:50

agreed Rb, but the longer/higher CCL ticks up the greater room we have to get in after the turn and new downtrend has started provided it's not a sharp drop,,, so all good from a traders view, no ? cheers Wan :-)

[wanobi] 08/6/2020 09:46

meantime PTAL,,,, doh, I sold out at the bottom!!! keeps on rising :-) LOL Doh,,,, GLA Holders, cheers Wan :-)

[riggerbeautz] 08/6/2020 09:46

Wan maybe, but certainly not now, the last time I did you could sense direction had changed and that was between £8-9, CCL have big hitters behind them, I’m not battling that for now.

[wanobi] 08/6/2020 09:42

LOL Rb,,,, its all good, we're going short right,,, at some point :-) LOL cheers Wan :-)

[wanobi] 08/6/2020 09:41

oh and GAN,,, headed down to fill that GAP at 16.46,,,, those GAP's really are important I feel,,,, no real idea why,,, but, they do so often tend to get filled,,, they seem to be magnets or black-holes :-) LOL Cheers Wan :-)

[riggerbeautz] 08/6/2020 09:40

Don’t get me started on leisure stocks, I’m ignoring them for now, whilst they are riding the wave.

[skeptic1] 08/6/2020 09:37

Clients at the local ‘massage’; parlour!

[wanobi] 08/6/2020 09:37

AA. BWNG,,, indeed Rb,,, look at CCL, EZJ, IAG today,,, wowzer, tis a crazy situation :-) LOL Cheers Wan :-)

[oakey1] 08/6/2020 09:28

Ah dozyduck the serial mining stock deramper is here chuckle

[qazwsxedc69] 08/6/2020 09:11

Hands up who believes DozyDuck has "clients"?

[goodgrief] 08/6/2020 09:08

lf, but maybe those unanswered questions are a factor in why Bill's City road show last year drew zero interest from institutional investors?

[riggerbeautz] 08/6/2020 08:55

BWNG proving my point about retailers, you just don’t know what they’re doing at the minute online and how quickly they are recovering as a result.

[dozyduck] 08/6/2020 08:51

2sp - to repeat and summarise my argument of a year ago. Yes, 1) large costs to replace Gedabek and 2) if the current market cap equals or exceeds what is still to come from gedabek (ie its NPV remaining) - which it does - the shares are already over-priced even before 1)
You might like to know that I advised my own clients a few months ago (having kept them out of it since its own late 2017 peak)to get back into HUM. I would advise current AAZ holders to do the same