Anglo Asian Mining Share Discussion Threads

[donald pond] 10/7/2020 13:43

Getting above 140p is a struggle, though we've gone ex div last week so thats 3.7p banked.

[gold finger 1] 10/7/2020 13:41

Well it had the desired effect, look at all those sells.
Did you notice the 105k pound buy from yesterday late reported?
I love it. the more of them the better.

[donald pond] 10/7/2020 13:30

Hard to know what to make of that little episode.

[gold finger 1] 10/7/2020 13:23

Nice to see all those sells going through on that little rise.
Lets get rid of the dead wood and move them onto those wealth managers.

[c0lin1] 10/7/2020 13:19

they didnt kick anything, sellers came in. Currently still holding up quite well

[gold finger 1] 10/7/2020 13:17

jas

No chance the MMs feel sorry for anyone.
The share price put its head just outside the range again for only the third time since feb.
They soon kicked it back down.

[jaspoland] 10/7/2020 13:02

Can you lot continue to moan because I think the MM's are starting to feel sorry for us :)

[brasso3] 10/7/2020 12:59

ECR on the move again.

[droyden] 10/7/2020 12:58

Above 145ish would be nice..

[donald pond] 10/7/2020 12:45

When I wrote my book on coping with quarantine ( my Twitter reach led to at least 5 direct sales.
Wonder if this will be more effective:

[c0lin1] 10/7/2020 12:45

Look again Jeanesy, AAZ breaking out

edit - and ecr

[brasso3] 10/7/2020 12:39

If we all agree to increase our holdings by 5% today then that will put an end to the 140p level.

[donald pond] 10/7/2020 12:36

Spread down to 2p now. Come one...one last push. I've added.

[donald pond] 10/7/2020 12:14

You can over analyse things but on 23 June we heard:

"However, the Company has been actively investigating several opportunities and negotiations are at an advanced stage for one potential joint venture. I look forward to making further announcements about this shortly when the negotiations are concluded."

Earlier this week Bill confirmed everything was on track and it was just a matter of finalising paperwork (with the caveat of course that until it is signed, its not 100% certain).

But "shortly" to me indicates, well, within a month. And we are now 17 days from that announcement. So there must be a good chance that the JV news drops next week.

[c0lin1] 10/7/2020 12:10

why would MMs want to deter traders though?

[bleepy] 10/7/2020 12:07

I’m guessing the intentional large spread is purposefully deterring traders rather than investors as they’ve enjoyed many a meal the last year as speculation surrounding govt talks fuelled the gossip..

[donald pond] 10/7/2020 11:54

Its all a bit chicken and egg but I do think the share price losing momentum coincided with the MMs using the spread tactically. When they push it to 10p, they know that nobody buys or sells. When it goes to 2p, volume increases sharply. I hope Euan can find a way to improve this, because it is absolutely ridiculous and deters most sensible investors. Companies such as AAU, SHG, TSG have a much smaller market cap and much smaller spread. It is outrageous, and imo the biggest single factor holding the share price back.

[king suarez] 10/7/2020 11:49

Hi Wan,

Sorry, haven't really got time to go into those PTAL results in detail (only a small holding for me also) but I thought they looked pretty good - demonstrating the high margins achieved and reassuring that the contingent liability has reduced quite a bit with the bounce back in oil prices. Think they will be good going forward once production re-starts.

In summary, they would have made a profit around $10m without the 'derivative loss' from the oil price drop (contingent liability on future sales) and also generated around $15m of cash flow for the quarter in the lower oil price environment so pretty good?

[bonio10000] 10/7/2020 11:43

Depends where it is.....

[jeanesy] 10/7/2020 11:41

Normal service is resumed at AAZ. The spread continues to be ridiculous, perhaps to deter those trading it ?

[celeritas] 10/7/2020 11:39

Kefi are worth a look if anyone is interested. I have watched them go no-where for a lot of years but they do seem to be getting their act together now. Worth a punt hence me taking a small position for now.

[gold finger 1] 10/7/2020 11:37

Well my wife said her wealth manager(me) better pull his finger out.