Anglo Asian Mining Share Discussion Threads

[wanobi] 22/9/2020 09:58

when panic sets in pogue people just sell anything they can to preserve cash,,,

as Bumpa taught me,,, in any crash people fly to liquidity,

hence the dollar index rise and also, hence, why Gold also gets sold off....

all counter intuitive,,, but, fear causes panic and people then think very differently about all their holdings, all rational thoughts go out the window as they sell.....

if we look back to March, just imagine those that sold out all the way down and then were too afraid to buy back in again at the bottom and ended up buying this latest top and history is now repeating for them,,,,

not nice & not good for them,,, but, it could have all been avoided if they had simply held or even added more on the way down and held, held held :-)

all easier said than done, but, if one cannot do that I feel one is doomed in this game...

GLA
Cheers
Wan :-)

[pogue] 22/9/2020 09:54

good point homebrewruss hopefully that confirms my theory that this is short term panic fall rather than a big one as others are carrying on regardless.

[lefrene] 22/9/2020 09:48

One notices that interest rates on deposits are pretty much zero, but very strangely this does not seem to apply the banks 'deposit' on your credit card! Now if they really want people to spend and spend, then negative rates on credit cards would do the trick! Though most of it would likely get spent on imports, since we have destroyed much of our manufacturing base.

[2sporrans] 22/9/2020 09:41

Matt

"NS&I have today cut their savings rates down to just about Zero"

thanks for that.
i always keep a stash of cash in reserve.
looked at shifting £55k from Sainsbury B. to NS&I after S slashed their
rates [for me from 1.45% to 0.6%] in 2 cuts, to July.
NS&I were still offering 1.1%.
Decided it probably wasn't worth the bother as fair chance the NS&I rate would
be trimmed hard any time soon.
Looks like at least that was a spot on judgement, even if relative peanuts.

[katsy] 22/9/2020 09:40

Ah thanks for correcting Winstone66 .01% yikes wtf. I guess the government want us to spend spend spend. That is why we should still use cash and not go cashless, you can imagine what will happen if we are cashless. Negative interest rates.

[winston66] 22/9/2020 09:34

Katsy
Mattjos said NS & I have reduced their rate to effectively zero and he wasn't exaggerating. It's not 0.1% BUT 0.01%. From November savers are going from the already paltry but safe £115 on £10,000 to precisely £1 per £10,0000 invested. Mass exodus time I suspect.

[2sporrans] 22/9/2020 09:32

added another 2k for 128.5p which is the same as trade made 16Jul20, at the trough of
the post Q2 production update dip.
Back then, POG was consolidating just above what had previously been the $1800 ceiling.

if the imminent newsflow comes good, sub 130p is a bargain, even if POG falls back to a [temporary] lower level.
if however it disappoints, well yes, sub £1 is highly probable.
As a minimum, short term, the production target needs to be held, with q3 production supportive of this; then the new underground development has to follow on and meet the
necessary q4 forecast or at very least support a 2021 target no lower than this year's.
Also, the JORC report must at least achieve replacement of what has been exhausted since the last update.
If at least Avshancli 1 can be promoted to commercial viability and a commitment to bring into [gold] production, that thrown in, on top, in ought to put a floor in here.

It's not a big ask, not in terms of what AAZ have indicated.

at this price, if the divi. goes up from 8c to 9c - not a big ask in the above circumstance - then at $1.3<>£1, it's a 5.4% yield; i.e. about what you'd get from
GlaxoSmithkline if bought right now.
Accept this does not count for much with some but if you are on board for future expansion over 2021-2030, then it is a substantial incentive methinks.

[homebrewruss] 22/9/2020 09:31

Pogue I think the shares that are/were down more are the ones that are more popular with pi's and they are therefore more volatile.
MXCT is relatively off the radar compared to the likes of AVCT so whilst you may not get the large 1 day rises you also don't get the large 1 day falls.

[lefrene] 22/9/2020 09:19

I suspect the dollar is rising as Americans sell foreign investments and bring the money home. They may be selling abroad to cover worsening situations inn their home investments? I have never seen markets behave in such a strange way, there should have been an outright crash months ago, I can only suppose that the FED is pretty much propping the whole thing up? I can't see how it will end, but it seems very unlikely to end well.

[pogue] 22/9/2020 09:19

Wan
The question in my mind is this the big one everyone was saying would follow the first correction we had or just a re-adjusting to the new reality the CV19 isn’t gone? I am feeling the latter but worry about the former like many I assume. The markets did seem to be discounting the inconvenient fact the virus was not eradicated to be fair so this maybe just a reminder. I have geared my portfolio towards gold and pharma as a defensive measure over the last few months and hope I am right that those 2 will be the again be beneficiaries of this current return to madness as more QE will be forthcoming I assume and attempts to actually manage the virus will also receive more attention. So far the markets disagree lol I am sure they will come round to my way of thinking soon though :0) and I have some firepower to pick up bargains before then. Currently just trying to see a turning point but the government here and elsewhere seem to be going into siege mode again so who knows, why pharma especially AVCT, ODX and ORPH are down is beyond me and the one bright spot in the pharma section of my portfolio, on its second up day, MXCT has nothing to do with CV19.

[wanobi] 22/9/2020 09:15

but the money is not lost unless people sell their shares sfs.... :-)

the stock market is the craziest shop in the world,,,, in any other shop if you go in one day and a pair of shoes is priced at £50 and then the next day in the sale they are offered at £40 people are happy and excited, they bought a bargain.... :-)

in this game it seems for most that the opposite is true,,,

I guess it comes down to having funds available to buy those shoes when the sale comes up :-)

oh well,,,

let's see if buyers start picking up those cheap shoes now or we go lower than 120p :-)

one thing I know for sure, 80p shoes, now that's a sale :-) LOL

EDIT - actually, that's wrong Wan, you cannot say 'for sure' right!!!!

Cheers Wan :-)

[katsy] 22/9/2020 09:12

Buy when then's fear, is it that time? Bid very close to the 120p support line. They should announce a 4c dividend within the next few days. Dollar for some reason getting stronger. So that should equate to about 3% yield just for the interim's. As Mattjos has pointed out NS&I will be paying .1% wow given inflation you're actually losing money by staying in cash.

[gutterhead] 22/9/2020 09:07

I have to agree DP. First rate company and second rate PR. That said, I do prefer that way round!!
Your average investor wouldn’t have made heads nor tails of last report.
Translation into simple language needed.
Send spangle packing, they’ve made no difference at all.

[mattjos] 22/9/2020 09:05

this seems a non-sensical fall in price.Gold is ONLY at $1,900/oz ... only? Fgsake. It's still a dream price for us.Copper is ONLY $6,700/t & Silver is ONLY $24/ozNS&I have today cut their savings rates down to just about Zero in readiness for NIRP in the UK this winter .. AAZ paying about 30x that to its shareholders

[bonio10000] 22/9/2020 09:04

So much for charts

[wanobi] 22/9/2020 09:02

AAZ - looks like 120p will be tested today,,, let's see how she goes,,, volume still small, so not worried for the LTH :-) GLA, Cheers Wan :-)

[swallowsflysouth] 22/9/2020 08:52

Wan, yes. At the moment there is quite a lot of sadness in the world. Losing money will i guess be difficult for some.

[donald pond] 22/9/2020 08:45

"their presentation of information is the one area they have yet to get right."

Because they use low quality brokers and PR. Simple as that. The shares would be double the price if they had a big name broker running the show.

[qazwsxedc69] 22/9/2020 08:45

Agree. The silence is deafening.

[donald pond] 22/9/2020 08:44

Its also a bit obvious to point this out, but from the header to this thread:
Described by Behre Dolbear in the 2005 IPO Documents as: "a potential world class source of Copper & Gold……..an additional 10 million tonnes of copper and 45 million ounces of gold could possibly be discovered on the properties"
15 years on...2 years into a very expensive exploration programme...when can we expect some update on the above

[lefrene] 22/9/2020 08:43

Mattjos, you'll have to take that gold graph outside and give it a severe talking to, it's gone way off script, this ad-libbing simply won't do! :¬)

Katsy, this company does everything to a level of excellence that's seldom found anywhere else, and yet for some strange reason, their presentation of information is the one area they have yet to get right.

[wanobi] 22/9/2020 08:43

has anyone else noticed how quiet the BB's get when things are falling and how noisy they are when things are rising,,, not sure what to read into that if anything,,, but, to me,,,,, up, down or sideways,,,, it's all part of the game and all worthy of comment :-) LOL,,,, maybe I'm just strange like that LOL,,, you strange Wan, no, surely not LOL LOL,,,, has been said before many a time LOL, LOL, LOL,,,

chin up all, we will/are succeed/succeeding at this game and in the most tricky of situations I'll wager :-)

GLA
Cheers
Wan :-)

[donald pond] 22/9/2020 08:38

There is certainly a sense that the management have been much too cautious over the last year or two. I first raised this I think at the start of 2018 or 19 (can't remember) when the predicted production showed no increase. It reached the nadir in the strategy report this May, when the suggestion was that there were a few prospects which might marginally increase production by 2025.
We all know that simply isn't true, and for a company that prides itself on saying that it got Ugur into production very quickly it is daft to continually be so cautious. We are going into the dip down now, and that gives a great opportunity to provide increased news flow on what grades we are encountering and how this will feed into a much improved Q4 performance (and it needs to be the best ever if the company is going to hit FY targets as they stated they would).
But they need to stop underplaying things and start being realistic. Exploration RNS's need to be more frequent and focussed on highlighting the best grades encountered. And above all, a path to greater productivity needs to be clearly mapped out. The dip down is a big step along the way, but we need more. MUCH MORE.

[wanobi] 22/9/2020 08:35

AAZ - in the current sideways LT trend I'd say 120p support is a critical price for AAZ,, will it hold, we shall see :-) fingers crossed, GLA Holders, cheers Wan :-)


free stock charts from uk.advfn.com

[katsy] 22/9/2020 08:32

Management have to take some responsibility for the poor share price performance. Apart from an incomprehensible drill report that had even the experts flummoxed they haven't released any good news other than falling production numbers. The market is always forward thinking and sees this as the guide. It's probably only maintained it's current share price due to the price of gold. If gold price had remained at around $1500/oz this would have been below £1 now.