Anglo Asian Mining Share Discussion Threads

[celeritas] 21/7/2020 16:24

Conroy Gold and Anglo Asian Mining to accelerate mine development at Clontibret following new deal

[stevea171] 21/7/2020 16:13

If one party is buying where is the holding RNS?
They must be above 3% by now.
So are they waiting until they get to 10%, 20% before any notification to the market?
Doubt it.
The share price doubled, tripled mid 2018 to mid 19. So it outperformed.
Now it is standing still. But if you average it out, the 2 year rise is 250%.
Not bad.
If you were in at 40p you've done well.
If you bought at 140p last year, alternative investments have done better in the main.

Swings and roundabouts ......

[traderglt] 21/7/2020 16:12

Don't buy back, just raise dividends

[2sporrans] 21/7/2020 16:05

.....and note that TSG/CEY/SHG/HUM aren't shooting up today; HUM up a bit, CEY down 2% or so, other 2 gone nowhere.

These AIM miners are volatile stocks and who can possibly divine what expectations other investors or traders entertain nor the extent to which their decisions may be emotionally driven.

[the stigologist] 21/7/2020 16:02

At least Ireland aren't at war with the neighbours (at the moment)

[waterloo01] 21/7/2020 16:00

I hope they have picked up a decent resource cheaply, but Conroy has such a poor reputation for 'blarny' it's hardly surprising the market is bla

[inaminute] 21/7/2020 15:59

I do not recall seeing anything saying this was the only deal AAZ doing. This was the first they have RNSd. Given the terms I have nothing against this one but I am not treating it as the final chapter.

[leopoldalcox] 21/7/2020 15:57

Presumably they can, beaujolly, but the most important thing to me is to shore up the reserves for the next 5 years.That's probably going to be in the next RNS. We should be due a JORC update in the next month or two.I can understand why people are selling. I continue to hold

[2sporrans] 21/7/2020 15:57

I'm of similar mind qaz

For me, the JV is a tray of seedlings; there's a whole allotment to contemplate.
The H1 Explor/Dev [by end July], then at last, the JORC update [within Q3 hopefully]
are critical newsflow.
Particularly how they tie in with the move underground.

I've not felt the urge to either buy or sell on the JV news, interesting though it is.
If i do top up [if share price drops a bit more] it will be because i think the odds are that
the H1/JORC news will at least be supportive of the underground production to come and
to continue for several years - or more.

There's potentially so much more from it, as we all surely know here.
Avshancli-Gilar, Ugur deep, Gosha extension, Zefer, Zehmet etc on PSA area extension[s].....Ordubad.
And so little priced in.

[gold finger 1] 21/7/2020 15:51

I am sorry but this has been manipulated on every RNS we have had for almost a year.
They have a buyer for the shares,what better way to get them than hold the price in a range for month after month. Then on any RNS they have dropped the price.
If people can't see what is happening thats fine, sell.
It makes no difference to me,it will be your loss sooner or later.
I just post how i see it, and i see someone building a stake here.

As for moving your money somewhere else, well you might make more than here in the short term, but imo people holding here over time will have been the wise ones and better off for it.

[kickingking] 21/7/2020 15:50

Hi Wan can you explain what you like about this deal.Promised steak and offered tinned stew.A company in 25 years never pulling an Oz of gold out of the ground.A country where mini Gretha will protest for any damage to the countryside.Higher wage bills. Last update everyone applauding the Azeri miners for their long 7 day shift. That would never happen in Ireland. Many holders are selling up as it's been dead money for a year now. I myself will hold as it has not reached my 30% profit yet. GLA

[donald pond] 21/7/2020 15:49

I have sent Bill an email suggesting the company consider buying back shares.
When we are sitting on cash, which is losing value, and owning a gold mine, which is gaining value, it makes absolute sense to use the former to buy the latter. If the company were to buy back 5m shares at this level...well, firstly, they couldn't, as the share price would quickly rerate to a more sensible level...but if they did, they would have no difficulty placing them with an institution at £2 in a few months time.

[brasso3] 21/7/2020 15:43

Cinoib

We have been here before when PIs become despondent with the company and then AAZ moves 30 - 50% in a few days. There have been people with views similar to yours all the way from 4p to 175p. If you have sold then move on. I think most on here have given you plenty of respect despite a few late night, drunken rants which you have made and embarrassed yourself. Maybe you should have the decency to leave the BB to the investors.

[onedayrodders] 21/7/2020 15:42

Belated response ... re PXC .. yep hope so !

[c0lin1] 21/7/2020 15:42

give it a rest..and dont howl when the ANC nationalise ( steal ) PAF off you

[cinoib] 21/7/2020 15:39

Gold up $20 AAz down 5p so who likes the deal and 3-1 on the sell. Don't all howl at me when gold is $2000 and AAZ is till sub 130. It's not a bad company just the company it has joined with, don't believe, ok fair enough see where we ae in 6 months.
Am no doom munger or shorter, never have been but I do know enough about Conroy to stay clear the rest can decide for yourselves.

[beaujolly] 21/7/2020 15:37

People were looking (hoping) for a JV that set the fireworks off, with a short term pay back. That's what most pi's do. The Company is clearly looking a bit longer term and see this as a mid to long term investment, presumably happy in the knowledge that AZ can keep on producing the goodies in the interim.

[qazwsxedc69] 21/7/2020 15:36

Very much agree Polaris, its someone selling at a time of low volume, not rocket science.

Quite apart from all the usual reasons to sell we can add some new ones - frustration at lack of response to PMs moving sharply upward, disappointment at the JV and share price response, desire to diversify ahead of a mania phase that might not be too far away, lack of explo / JORC news etc etc.

I think it is crazy to sell right now with potentially transformative news around the corner, but hey ho someone thinks differently and thats up to them.

[gold finger 1] 21/7/2020 15:32

Katsy

That is utter rubbish.
It's clear we have a transfer of shares going on here for a long time.
I have been able to see it even if you and others can't.
There are so few shares that it takes time to build a large stake.
People are selling because the share price has been manipulated for a year.
They see other gold miners going up but not this,so they sell.
But one day this transfer of shares will be completed and boom, on very small volume.

[cordwainer] 21/7/2020 15:30

oops, I wasnt all that far off then when i posted a link to UK resources (37345)

[bonio10000] 21/7/2020 15:29

He might as well up the dividend and let holders buy more if they want.

[polaris] 21/7/2020 15:29

Look, someone is selling, plain and simple. A long time ago it was Bashirov and the share price just kept going lower and lower. It did allow some posters here to load up at the bottom but it was a long old road.

AAZ continues to mine, refine and sell the various metals it mines. Direct costs remain in the bottom quartile, it has no debt, and continues to move prospects forward.

That's about all it can do TBH, unless it moves from AIM to main market. That costs more, means paying more to NOMAD etc, but is probably worth it at this juncture. If the company really do have a long-term plan for mid-tier status then AIM isn't the place to be, IMO.

[donald pond] 21/7/2020 15:23

I think what's happening is simple. 95% of investors look at a company with a spread of 5%+ that has been rangebound for 12 months and look no further. Simple as that.
We need something to break that pattern. I am going to write to Bill suggesting a share buyback programme.

[katsy] 21/7/2020 15:18

I've never bought into the idea of MM manipulation, especially if the share price has been in the same range for over a year. Right this second though nobody is happy to buy at sub 1.30p. Tomorrow or next week people maybe pilling in at 140p. The price is set by what people are willing to trade at.

[leopoldalcox] 21/7/2020 15:18

Wan, I think a presentation would be very useful.Like others have expressed, it seems to be a bit small fry. I haven't looked deeply into the asset, so was trying not to add my two cents, but cannot help it.It seems like a distraction for management. The focus, imo, should be increasing the resource and production in Azer. I expect AAZ know what they're doing, but a presentation would surely help us all understand