Anglo Asian Mining Share Discussion Threads

[wanobi] 11/8/2020 17:22

all, please excuse me, just trawling through a few charts and throwing them up there, cheers Wan :-)

[wanobi] 11/8/2020 17:21

AMC - where will this one go!!?? cheers Wan :-)


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[callmebwana] 11/8/2020 17:20

Yes Wan,it is all part of the game!!
The share price of AAZ falls off a cliff and then has to climb back up in steps.
Even PUR fell back to £1.04 !!
The pullback in gold has not helped much either. Oh well,see what tomorrow brings.
Yet CGNR on the run up to 30P !! What am I missing ??
ATB.

[wanobi] 11/8/2020 17:19

JSE, Cheers Wan :-)


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[wanobi] 11/8/2020 17:17

TXP, cheers Wan :-)


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[wanobi] 11/8/2020 17:14

AAZ - I'm watching for this bounce now :-) Cheers Wan :-)


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[mattjos] 11/8/2020 16:14

agreed cOlin … let's get the drop back to 1,820 over with asap please.
The whole thing got far too frothy, not lets take that away & return to the underlying uptrend please.

Longer term, this looks like a great time to be generally long the commodities sector. Copper is clearly going to have a long period of robust demand.
I believe Zina also.

Hang on now .. doesn't AAZ do Copper, Silver, Gold & also has some early signs of Zinc & Moly?

[lefrene] 11/8/2020 15:02

I'm too nervous to short gold, but if it gets back to $1800 I'll go long. Constant creation of fiat currency will begin to distort commodity prices.

[brasso3] 11/8/2020 14:57

Buy the dips!

[c0lin1] 11/8/2020 14:30

Ive copied this from another website I frequent but it sums up my feelings exactly.

Not only is this correction in gold and silver exactly what I expected, it is what I hoped for and what I(we) want! After the amazing run that was recently completed, breaking out and confirming both the more established gold bull market, and the more nascent silver bull market, this is the BEST case scenario. Given the length and magnitudes of the runs in both it is much preferred, from a technical analysis standpoint, that the first correction be either extremely sharp, or if shallow, extend for a longer period of time. I prefer sharp for two reasons. Get it out of the way so that once the optimum entry point has been identified, you not only take advantage of the much lower prices, but more importantly, sit back and let your positions run on autopilot. Enjoy the correction and hope it is extremely sharp. Get your buy list prepared and do your T/A for optimum buy points. Good hunting.

[run12] 11/8/2020 14:13

We are back to take down Tuesday - I thought they were a thing of the past

[32campomar] 11/8/2020 14:11

Big move in gold now down $70

[user2007] 11/8/2020 13:53

I on the contrary finally reinvested AAZ divi by buying more AAZ.4.6% divi based on the current share price assuming 9c divi for 2020 is ok. Obviously expecting a postive news flow from September which should improve the share price as well. With PoG even around the 1800 level we are making a lot of money.I just dont have time researching too many companies ...

[goodgrief] 11/8/2020 13:29

Just frustrating that AAZ is sitting on the sidelines of a bull market...

[cordwainer] 11/8/2020 13:28

Dumped my remaining ISA AAZ yesterday @ 160.75p.
Still got a chunky nugget of AAZ in my SIPP tho.
I started feeling a bit doubtful about production targets for this year and next, thinking replacing production from Ugur carries some execution risk. I'm guessing that gold price needs to sustain $2100+ in order to push AAZ beyond the now double peak of circa 160p.

[lefrene] 11/8/2020 13:23

goldrush, whomever has put up the new money for cgnr, must have great confidence in AAZ :¬)

AAZ evidently have a finely honed methodology that gets things to production with greater efficiency than most other liars stood by a hole in the ground. :¬)

I wonder if $1970 is going to be the perching spot for gold as it held that level for a few days around the start of the month?

[goldrush] 11/8/2020 13:04

lefrene

At least the CGNR Warrants negotiated will be in the money....I believe it was a great move by AAZ.....let the drill bit get going there and let's see where we go....

As well as expansion in greater Azerbaijan....I believe Ordubad must be in their sights and a J/V to boot with Azergold....time will tell

AAZ have maintained their vision to be a mid tier precious metal miner....they have not given up on that objective.....IMHO

[lefrene] 11/8/2020 12:54

Filched from Wan (thanks) on't tother bb.

CGNR - Placing and subscription of 3,200,000 ordinary shares of EUR0.001 each (the
"Financing Shares") at a price of 25 pence per Ordinary Share (the "Issue
Price") to raise GBP800,000 before expenses.

Professor Richard Conroy, Chairman, commented: "I am pleased to undertake this
Financing which we have conducted at a significant premium to the last
financing announced in February 2020. This reflects the progress made by the
Company, and notably the proposed JV with Anglo Asian announced in July.



We are working with the team at Anglo Asian to finalise the JV, and look
forward to proactive operational activities at our gold projects in the
Longford-Down Massif where we have an existing JORC compliant gold resource of



517,000 ounces and a series of targets across a 65km long district scale gold
trend.

In particular, the existing resource has been generated from drilling covering
a small fraction of the Clontibret gold target, with the majority of drilling
to a depth of less than 200m and a maximum depth of 350m. The Clontibret
deposit is geologically comparable to the Fosterville deposit in Victoria,
Australia, where the occurrence of visible gold is becoming increasingly
significant at depth."

Cheers
Wan :-)

[wanobi] 11/8/2020 12:50

all part of the game Wan, all part of the game :-) LOL Cheers Wan :-)

[wanobi] 11/8/2020 12:47

well, lets look at that, AAZ did go from 126 on June 21st to 174 on August 5th, so that's up 38% in 12 market open days,,,, trouble is, it then gave up a lot of that and was back to 147 earlier today,,, so lost half that gain in just 4 days!!!!

I think that's the most frustrating thing about the AAZ share price,, when it makes strong gains towards 250p it doesn't seem to hold on to them!!!!!

grrrrrr LOL grrrrrrrrr

GLA
Cheers
Wan :-)

[goodgrief] 11/8/2020 12:27

Donald, agree with your statement that it's pretty dull being an AAZ shareholder! I feel lucky/blessed that I sold property in March and subsequently invested in other gold stocks and gold funds. Must be averaging 50% gain whilst AAZ has done diddly squat.

[goldrush] 11/8/2020 11:45

mad foetus
With a fair wind that's what I think will be the target for next year.....95k to 100k