Anglo Asian Mining Share Discussion Threads

[swallowsflysouth] 19/6/2020 18:35

Riggerbeautz, re your post -

Forward selling placing shares and getting fingers burnt, shame that.

You did make me laugh and i needed that today. Thank you.

[riggerbeautz] 19/6/2020 18:03

Add to that Pogue, there’s not a fat lot of shares in 114m issue, that are going to find their way to funds, whilst the share price stays here, with nearly half in board hands and a good number in sticky p.i hands. Institutional support will only ever come if the board deem it necessary to bring them in to raise capital in my opinion.

The only way I see that happening is through Ordubad ramping up swiftly. So I think I’ll continue sitting back collecting an ever increasing dividend and watching the company make more money, knowing my interests are aligned with the board. The life of mining keeps getting extended, all the Government suitor talk can reveal itself whenever the board have played their hand. No AGM will reveal that much in my opinion on Government negotiations but I’ll happily be corrected.

[mattjos] 19/6/2020 17:29

ODR .. I have been following & plotting that exact chart … very interesting indeed:

[doc_oj] 19/6/2020 17:12

120p seems to have become a solid floor

[mattjos] 19/6/2020 17:12

I believe it is this:

[pogue] 19/6/2020 17:02

Clearly Goodgrief, but the main shareholders are having a AGM next week and they aint telling anyone what they know. Its a private club you have to trust they are doing what is best for all shareholders but then again they might not, still not sold any too busy selling other stuff, and buying pharmas really have to stop that, but on my to do list.

[ilostthelot] 19/6/2020 17:02

Nice end to the day! Can you post a chart please Matt when you have a minute.

Looks to me like a triangulation chart pattern, if u take out that spike down,
120p support line and resistance above.

[onedayrodders] 19/6/2020 17:00

War In The Gold Market
June 19 (King World News) – James Turk: There is a real battle underway in the gold market. We can see it in this chart of the August Comex gold contract.

For seven days in a row there was a concerted effort to keep gold under the downtrend line. Markets don’t normally trade like that so to me it is obvious price capping by central banks. It’s obvious for another reason.

Central Banks Short $4 Billion Of Paper Gold
Since the low point last week, Comex Open Interest has jumped by 23,000 contracts, which means someone shorted $4 billion of gold to keep its price under the downtrend line. Only central banks would make that trade in a gold bull market. They are the only ones on the planet who benefit from a lower gold price.

Gold Bulls Will Win
But it looks like market forces are about to overpower central banks yet again. Gold always wins eventually. Gold’s major uptrend resumes once gold breaks into the $1750s.

[wanobi] 19/6/2020 16:59

yep, I concur GG,,, cheers Wan :-)

[goodgrief] 19/6/2020 16:57

To me this lack of clarification is creating a 'false market' in AAZ shares. Why would any new substantial institutional investor (as opposed to private punter) come on board when public statements thus far could just as easily suggest nationalisation as it might takeover (as per Bill's 'takeover code' comment).

[wanobi] 19/6/2020 16:53

many thanx to all, as always, once again,,, :-) LOL,,, for all your posts this week, fantastic effort guys, really appreciated,,, I wish you all a fine weekend,,, off to my local for a cold one (the fridge:-),,, cheers Wan :-)

[baddeal] 19/6/2020 16:45

Well I'm a 53 year old investor and don't I feel ancient!!Time for some red....

[wanobi] 19/6/2020 16:42

and POG looking very fine indeed cmb :-) GLA Holders, Cheers Wan :-)


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[fozzie] 19/6/2020 16:41

GAN steaming away at $26+ Wan, you should have bought on the pull back to $18 last week I think. I read about Gan one weekend and thought I am going to buy that next week, it was 80p. By the time I bought on results day I paid 118p (472 equiv) its now £21 ish. I can see it going much higher before being taken out. It was more gut feeling than in depth research, I just felt it was in the right place at the right time. One of the winners to counter balance one of the many losers Wan, I just hope to have a few more of the former. Have a good weekend all, a hot curry and a few beers tonight!

[wanobi] 19/6/2020 16:40

ALTN - so far so good KS,,,, nice, very nice,,, ATH today :-) GLA Holders, Cheers Wan :-)


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[pogue] 19/6/2020 16:38

Goodgrief
there is not a chance in hell they will say anything about the RNS from last year on the press speculation the question was studiously avoided at the Proactive event, both last year and this, and will be the same at the AGM where they can choose which questions they want to answer.
At least all the other shareholders appear to be agreeing there is an issue unlike last year where it was just market makers etc according the cheerleaders.

[jeanesy] 19/6/2020 16:37

WAN not long to wait for the answer. If enough of us have asked the question then they will surely comment. If they don't then surely there is something going on. I am not overly worried about it but i do feel that it is holding us back atmo.

[crazycoops] 19/6/2020 16:37

2sp - Yes, I am aware of the reason Bill gave for the delayed JORC and this was one factor that helped me arrive at my hypothesis. As you say, it is consistent that the JORC delay could also lead to an agreement with GoA being delayed, if there is an interdependency.

[terropol] 19/6/2020 16:34

On that note, have a great week end all.

[mattjos] 19/6/2020 16:34

too long in consolidation now, given the price of Gold this last 12 months. Has to start moving up from here

[wanobi] 19/6/2020 16:27

let's keep this discussion going as it seems someone is listening in LOL LOL,,,, oh what a game this is LOL,,,, GLA Cheers Wan :-) LOL

[lefrene] 19/6/2020 16:24

There's a surprise we actually moved up when gold moved up!

[jbravo2] 19/6/2020 16:22

If you’ve not been buying AAZ for the last 3 years then you don’t know much about FA
:)