Anglo Asian Mining Share Discussion Threads

[wanobi] 16/8/2020 22:23

many thanx for the heads up cel, cheers Wan :-)

[wanobi] 16/8/2020 22:23

many thanx odsjp, cheers Wan :-)

[odsjp] 16/8/2020 22:03

Please find below the starter board for next week.

The right hand column is the current leader board with the top 3 in a dark yellow, next 7 in a lighter yellow and the rest of us not coloured.
In the left hand column the green entries are all of you which have given me a new share (or same share from last week) whereas the few not coloured have not posted anything, so I kept their same share for the previous week.



Week 3 - Start





Hopefully we will see an increase in gold related stocks following the Buffet notification.

[celeritas] 16/8/2020 21:41

New gfm thread created by mattjos

[stevea171] 16/8/2020 21:31

This is the anchor stock in my portfolio. "Anchor" stocks in a gold portfolio may normally be considered to be a heavy weight, low risk counter. Despite it's Mkt Cap, other qualities of AAZ lead me to consider it suitable for this role. So I don't take part in the constant sell/rebuy mania trying to make a buck along with the herd every time there is company news. Also I am not increasing my stake. I am sitting. It's the anchor.

The reason for poor performance over the past year that is not talked about here is the fact that AAZ is not a pure goldie in a gold bull market. Investors looking for maximum exposure to PM's would not choose AAZ per se because of the dilution from copper. Copper is an industrial metal although it has been used in coins for thousands of years. eg the UK gold sovereign is an alloy of gold and copper.
So in the years to come I would not expect AAZ to perform on a par with pure gold miners but I am OK with that.

If AAZ were the only stock I held as it seems applies to some here then I might be one of the frustrated ones on this BB. In the licences AAZ holds in Azerbaijan there is plenty of gold and copper with some other metals. The new JV with Conroy may be more of a pure gold play (no copper) but is subject to due diligence, new exploration and drilling and technical evaluation. The value of Conroy won't be known for some time.

[fozzie] 16/8/2020 21:20

I will stick with EQT, it must start to put the recent placing behind it and start to move back to previous highs.

[ilostthelot] 16/8/2020 20:40

SYME for me this week please.

[bamboo2] 16/8/2020 20:13

JSE, unconfirmed H&S

[chrisalis1] 16/8/2020 18:49

My pick for this week is VRS.May get a boost from graphene face masks plus other news due soon.Wan, great thread, keep up the good work.

[jeanesy] 16/8/2020 17:21

This could be an exciting week for stocks. The Buffet news could spark a rush to gold miners. Lots of news expected. DDDD ended the week strongly. As for the competition there are lots i like for this week- PXC, TSG , DDDD and ORPH. I will plump for ORPH this week please. GLA

[iambv] 16/8/2020 17:05

Hello everyone,

As I have said before, in my opinion, the problem with holding this share is that the share price is always below what we consider to be its true value, so there never seems to be a good time to sell.

The great thing about this share is that the share price is always below what we consider to be its true value and so it always seems a good time to buy, which makes it possible to build a good position at lower risk.

Now, this position may well change in the future as the company grows and, perhaps with some of the larger shareholders on the board wishing to cash-in some of their shares, this may be facilitated by a move to a full market listing or some other measure. Who knows?

All I know is that my wife and I have accumulated decent holdings and two of our children and five of our grandchildren have much smaller holdings, with a guarantee that I would make good any losses they may incur with this investment. we have no intention of selling any time soon.

Fingers crossed eh?

BV

[actonovator] 16/8/2020 16:07

Tempted by PUR this week since it looks as if the forest fire is under control and the price should recover somewhat - but unlikely to be competition-winning movement so put me down for AAU again please - can only see this strengthening leading up to the jv update promise before month end. And perhaps the Buffet news might sprinkle a bit of magic over pm proceedings this week.

Thanks odsjp - so AAU for me.

[jbe81] 16/8/2020 15:43

I will go with odx again, although wont be surprised if its down thing Monday am

[gold finger 1] 16/8/2020 15:12

jaspoland

You are late to the party getting that news.
But you are right,many will follow him.
The other big news was that he has sold down many of his bankstocks.
That should tell you why he has bought into a gold producer.

[gutterhead] 16/8/2020 13:54

Jaspoland, I totally agree....he is the worlds most followed investor...for very good reason

[jaspoland] 16/8/2020 13:30

Just seen the news that Buffet has bought 1% of Barrick. This is massive news for the sector. A man who has previously said that he would never invest in gold.

Many will follow him.

[doc60] 16/8/2020 13:05

Saw this on the chip BB, Yamana gold applying to list on the LSE. May be of interest to some here.

[mad foetus] 16/8/2020 11:39

I do think the failure to increase production or even hint that it might increase has held the share price back. Management are keen to not over promise but they have perhaps taken it to the other extreme: after the strategic update for example when they gave very cautious estimates which the plan to access the dip down in Q4 show were overdoneBut while every failure to keep up with the sector is frustrating it could be just building momentum for a catch-up move. But POG, AAU, PUR, ALTN, no shortage of competitors that have done better

[mattjos] 16/8/2020 11:24

Ptolemy, i genuinely don't believe it is anything other than the fact that the share price has had such a great appreciation from 4-5p & its been suffering some 'indigestion' this last 12 months.Yes, other gold stocks have outperformed AAZ over the last 12 months but, have any had a similar performance over 5 years & now paying a dividend?I reasonably confident that this period of consolidation is not far off completing now and higher highs will shortly arrive.OK, for those who first invested as the price accelerated past the previous highs of 80p (a perfectly valid technical decision) then, there is inevitable frustration but, behind the scenes the company & its future prospects are strengthening all the time & there is a great dividend for the patient investor (as opposed to the frustrated traders).Rather than than waiting for the dividend flow to recoup much of their purchase price, many earlier buyers are taking a profit at these levels ... personally not convinced of that action but, we each do our own thing & many 2015/2016 buyers have probably never before had such a winner so, who can blame them?The company fundamentals, price of PM's, newsflow ... these will all soon align to propel the price higher & we'll leave yet another batch of sellers behind us in the rear view mirror.The Buffet news is clearly going to set the sector alight in the coming weeks

[wanobi] 16/8/2020 11:00

Good morning all,



things could get very interesting for gold & silver stocks next week :-)

as PS says in this interview, if other portfolio managers now start investing in gold miners, copying WB,,,, wowzer,,, could be fireworks for the small cap miners :-)

getting very exciting now,,,, but, time for a cool head Wan!!!

feet on the ground :-)

Cheers
Wan :-)


free stock charts from uk.advfn.com


free stock charts from uk.advfn.com

[ptolemy] 16/8/2020 10:18

Thanks for replies.

"What do you want to say exactly Ptolemy?"

Matt, I'd like exactly what I asked for. More critical discussion of the share price.

I understand if you've held for a decade but the short-term price under performance is shocking and newcomers need to try to understand why. My question to you is why do you stifle debate that doesn't support your 'slow and steady' thesis?

[goldrush] 16/8/2020 10:14

Mattjos

Thanks for that great link to Peter Schiff.Hope you don't mind I have taken the liberty of copying to the PXC BB showing it is with thanks and courtesy to your good efforts.

[jbravo2] 16/8/2020 09:45

Thanks bo.
Did find it interesting, but also depressing. Not that that is anything new, get that feeling from watching the vast majority of politicians the world over.