Anglo Asian Mining Share Discussion Threads

[pogue] 10/6/2020 11:23

European bad bank maybe formed, if the European rulers, sorry Germany, agree.

[gutterhead] 10/6/2020 11:23

ok, I was only saying 😃
we all have our own ways of trading and thats fine
good luck to you

[cinoib] 10/6/2020 11:04

Gutterhead, maybe but even that is too much to trade, whilst as Kickingking says the likes of CEY have a 1/4p spread and with a spread like that you can trade a few a make a few quid whilst you sit on your core holding waiting for you target price. I do both, hold and trade as I still have to pay the bills all be it small bills and I like to keep my hand in. For a share over £1 I don't know and have never seen in my32 years trading and holding a spread so wide, 1/2/3p even but never 10p, it's a bloody disgrace and a total put of. Will sit on what I have untill it reaches my £3 and trade others in the interim.
Have just looked and its 6.5p inside way to much.

[kickingking] 10/6/2020 10:54

Can not understand why anyone who talks about trading this share gets attacked. Not everyone has money that they can sit on one share for years. Granted there are probably better shares to trade with virtual no spread like CEY and POG. Buying and selling is what makes a market. I hold AAZ shares but I have my target price at which to sell. Other people buy and never sell, well go luck to them. Some people are just too precious like this is their baby and not want to hear anything negative.

[donald pond] 10/6/2020 10:52

Get Zeus in as the broker, they'll get it up to a quid in no time!

[brasso3] 10/6/2020 10:42

SB

It was not meant to be directed at EML but more that I have seen Align pumping lots of stocks over the years.

[sportbilly1976] 10/6/2020 10:35

Brasso,

if anything here they are bit overly cautious.

Discount rate of 12%, 40% equity funding for $385mln project when the CEO has already indicated expressions of interest from banks of up to $285mln debt and 10% Govt subsidies/allowances and off-take agreements not included in this...

[brasso3] 10/6/2020 10:16

Word of caution. Take any crazy price targets from Align research with a pinch of salt. They are notorious for this across the AIM market.

[wanobi] 10/6/2020 10:15

aha, AVCT proactive presentation tomorrow at 8pm :-) Cheers Wan :-)

[wanobi] 10/6/2020 10:08

EML - this is worth a listen all, cheers Wan :-)

[wanobi] 10/6/2020 10:08

many thanx for posting that SB, Cheers Wan :-)

[gutterhead] 10/6/2020 10:03

exactly.....actual spread is 5p at the moment

[bazboa] 10/6/2020 10:00

Why are people concerned so much about the spread? Surely if you buy in at 135 you are expecting it to be a lot higher in 6/12/18 months time. The only reason spread will matter is if you want to trade it.

[sportbilly1976] 10/6/2020 09:59

Align research note on EML updated for the FS last week...target 24.9p

hxxp://www.alignresearch.co.uk/wp-content/uploads/2020/06/Emmerson_Align_Update_June_2020.pdf

The 25p is for the project AS IS.

"Now with the FS completed and detailed released, we have once again used a 12% discount rate which already de-risked the valuation but then the project has this time been further de-risked by 60%, which we believe properly reflects the current stage of development. This gives a highly-risked valuation figure of US$232.28 million (£182.90 million) which equates to 26.67p per share based on the current number of shares in issue (686,132,385) and 24.90p on a fully diluted basis (734,532,385). "

They've discounted by 60% the actual project given it is only at FS stage. ....so 63p at production stage They also have assumed a 60/40 debt/equity split of the funding.

Reduce the 40% equity portion and the share price rises due to reduced shares being issued.

I still believe with the EBITDA forecasted, this could be £1 a share by production.

[mad foetus] 10/6/2020 09:57

Into ACP for the bounce

[wanobi] 10/6/2020 09:55

AVCT - indeed pogue, I suppose right now the Cytiva news could drop at any moment and people have taken their positions accordingly and are now waiting with bated breath :-) Cheers Wan :-)

[skeptic1] 10/6/2020 09:47

Spread is always a nightmare. I’m trying to get 10k for my ISA but can’t...

[pogue] 10/6/2020 09:44

Wan
AVCT doesn't seem to want to fill that gap, looks like it has decided yesterday was the bottom of the latest plunge. Could change later today mind you I have no idea who is driving the price just now.

[avsome1968] 10/6/2020 09:36

Missed out on top up in DDDD ahhhhh .

[brasso3] 10/6/2020 09:33

ARB on the move. I think the seller has cleared. If so it should start to correlate with the BTC price again.

[c0lin1] 10/6/2020 09:12

i agree Cinoib.
I think AAZ was ready to run today but they've killed it with the spread.

[cinoib] 10/6/2020 09:10

See we are back to the rediculous 10p spread again. The 5p I can live with but 10p, no. Will hold what I have for the duraion, but won't buy more to trade as can't get a small profit nevermind a decent one with a spread like that. Yes before anyone says, you can get inside, but it's still 6-7p and thats way too much. No will hold here and trade the others. I anticipate a big move to the upside on the gold front in the next few weeks so should do ok on both fronts.

[mad foetus] 10/6/2020 09:08

DDDD hopefully a double bottom off the gap