Anglo Asian Mining Share Discussion Threads

[lefrene] 14/8/2020 14:53

I do wonder if the board is quite happy to keep the company fairly low profile, as they want to build substance sure and steady, and not get distracted by a toppy valuation which would likely have fund managers snapping at their heels every five minutes? Although current value would seem to indicate that such a strategy is working a bit too well :¬)

[mattjos] 14/8/2020 14:37

I also believe that most of us with large positions in the company, maintain an excellent 'off thread' interaction with company management that we have built up over many years & that is mutually beneficial as management have come to realise that we ain't a bunch of idiots and do offer good feedback.

[mattjos] 14/8/2020 14:30

What do you want to say exactly Ptolemy?
The share price has traded a discount to a more 'normal/sensible' valuation for over 7 years here now.
you can either see that as an ongoing opportunity and reason not to sell or, you can interpret it in some more sinister way.
If the latter, that is a mindset you can adopt for just about any equity you choose to pick including the likes of Tesla, Amazon, Google & M.Soft.

This is what it is .. the market applies a discount for reasons such as single jurisdiction, lack of infinite mine life, limited free-float, concentration of equity amongst founding members etc etc etc etc .. I've heard it all here over and over and over since first buying the shares at 19.2p in 2010.

As I have said recently, I'm actually quite happy for the shares to trade at an obvious discount to true value for many years to come & over that time receive dividends and watch the company achieve its stated intent of becoming a mid-tier, multi-jurisdiction, mining operation.

While typing the online 0.8% spread has marginally increased as the price ticked up. Rare you see such a tight spread here and usually sensible to grab it.

[odsjp] 14/8/2020 14:29

I guess there are certain shares you trade and ones you hold and stick.

Most posters here (myself included, feel that value will come out in the end which maybe a year or two away and we will collect some nice dividends in the mean time.

This is an insurance policy which will hopefully pay out in the medium term especially with increasing gold prices, new mines, increase in JORC, JV etc

[riggerbeautz] 14/8/2020 14:09

I’ll spare half a lager at 50p too ;0)

[wanobi] 14/8/2020 14:04

looks like I'll be owing you another container ship full of beer Bumpa :-) LOL,,,, many many thanx for EVG,,, so far so good,,, fingers crossed, cheers Wan :-)

[ptolemy] 14/8/2020 13:54

There are many knowledgeable posters on the thread and, since about 18 months ago, I've tried to read every post. During that time I've traded the shares approximately 15 times and currently my holding is small.

Today's share price, which ought to be geared to the price of PM's, is the same as it was exactly a year ago and gold and silver have gone up 20% and 42% respectively (in Sterling).

Given the intelligent level of debate and the (apparent) significant portfolio weight that some of you allocate to AAZ, I can't understand why there isn't more critical discussion of the share price.

[wanobi] 14/8/2020 13:52

EVG looking interesting today Bumpa :-) Cheers Wan :-)

RBD, hmm, yes KS, but no real volume, interesting :-) Cheers Wan :-)


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SuW, nice work :-) Cheers Wan :-)


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4D - well done all :-) excellent,,, no GAP on ADVFN, but does appear to one on my IG chart today,,,, but, its a break away, so should be fine :-) Cheers Wan :-)


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[mattjos] 14/8/2020 13:35

been picking a few up here at this level .. nice small spread

[lefrene] 14/8/2020 13:19

It's gone from a Roller at a Ford price, to a Roller at a Fiat price! :¬)

[goldrush] 14/8/2020 13:11

doc_oj

....Remember that's the way the MM's want you to be....😀

[king suarez] 14/8/2020 13:07

Bit of a breakout at RBD this morning?

[doc_oj] 14/8/2020 12:59

I'm quite literally close to pulling my hair out with what our share price is doing!

[klosters65] 14/8/2020 12:40

Small boo-boo. No I don't think we should invest in Conran.

[klosters65] 14/8/2020 12:37

The increase in the Conran share price was in someways predictable for the reasons that you have given. I did wonder if the deal could have been structured in such a way that AAZ were issued with some Conroy shares.

[callmebwana] 14/8/2020 12:34

LOL K65,yes I did think about buying into Conroy Gold but held back as I once inveted in Ireland in Glantas Gold.
It was not a good investment as the local council was a headache most of the time etc,etc.
It is suds low that I missed out with Conroy and it doubles and AAZ goes down !!
ATB.

[lefrene] 14/8/2020 12:29

Even more irritating, is Conroy have a rights issue the value of which is purely down to the expertise and investment of AAZ! I'm delighted of course that the board of Conroy can now maintain their lifestyle in the manner to which they feel suits them.

[klosters65] 14/8/2020 12:16

AAZ enters into what looks like a cracking JV with Conroy Gold.Their shares double and ours go down.Anyone else find it irritating.

[mad foetus] 14/8/2020 11:27

Bought some FDEV this morning think it is positioned for a big breakout. Like the company and sector

[bumpa33] 14/8/2020 11:04

Fozzie, you can play these things, just don’t get caught up in them - it’s Italian, they’re probably closer connected to Ndrangheta than they are to real business. I’m only half joking.

[fozzie] 14/8/2020 10:42

Lol Bumpa, I looked at SYME a month or two ago, couldn't make head nor tail of it, just didn't understand the business at all, therefore uninvestible. Has the feel of something not right, hope i'm wrong if anyone has had a pop at it.

[mad foetus] 14/8/2020 10:25

Just bought some HZM, feels like a natural reaction after spike up on funding update but I expect the momentum to continue shortly

[king suarez] 14/8/2020 10:15

Pretty good results at SRB, but price not holding up.