Anglo Asian Mining Share Discussion Threads

[brasso3] 18/2/2021 22:24

It seems crazy now that back in September 2019 AAZ hit 175p and we had less assets, less knowledge, less revenue/ cashflow, less cash and more debt.

Now you can buy around 143p! Back up the truck!

[mattjos] 18/2/2021 22:19

Final two observations:

1). We're just about at settlement day for anyone that bought / sold on T20 at the peak so, sellers will have last option to buy back that sale at near 40p cheaper within the contract and trouser the difference whilst buyers at the highs will likely be looking to get rid and have to pony up the difference. The MM's know how many were transacted on T+ contracts and when they expire so, they will be looking to exert maximum pain on those that got it wrong way round.

2). It looks like a normal A,B,C Zig-Zag correction after an Upward Motive Wave. Completely normal. I'd be pretty surprised if it did go much lower than the 75-80% level before the next upward, continuation, move reveals itself.

[wanobi] 18/2/2021 22:11

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one to scale into for the longer term???

what's Dave think Donald?

Cheers
Wan :-)

[mattjos] 18/2/2021 22:04

looking at it another way, a gnats under 140p looks appealing.
Allowing for the MM's and other participants, I am guessing folk will have their Limit Buys set at 140 .. trying to hit a 'theoretical' perfect buy price is rarely possible in AAZ as the MM's simply shut the door for anything other very slim volume:

[mattjos] 18/2/2021 21:53

Assuming we see this pivot line tested and it proves itself in the next week or so, it also suggests to me that the market is expecting to see the PSA grant arrive sometime within the next 4 weeks & if that does materialise then, i believe we can say that upward from 140p is the most likely direction of travel

[mattjos] 18/2/2021 21:44

common enough pattern with the requisite number of touch points to define it …. & in true AAZ fashion, the breakout pivot line is being re-tested on this latest consolidation, just as it has done for pattern after pattern after pattern over the years. If nothing else, AAZ can be almost boringly predictable.
Yes, it can be frustrating but, each time we see this happen, it's actually good to see because it is simply building support levels into the staircase & adding 'rigidity' to the underlying structure.

It's when a stock Does Not do this that i get concerned .. that signals to me that whatever upward move is observed will not prove durable in the long term

[wanobi] 18/2/2021 20:42

give it time SI, 120-140p zone is a callin :-)
Cheers Wan :-)


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[scepticalinvestor] 18/2/2021 20:13

surprised this did not sink today like all other gold miners - large copper reserves too?

[wanobi] 18/2/2021 19:14

Cheers
Wan :-)

[sideshowbull] 18/2/2021 19:11

BIRD IS THE WORD numpties, jeez do I have to write it in blood.

[wanobi] 18/2/2021 19:07

aha, apols Bumpa, I missed that,,,, so much going on :-),,, many thanx for heads up, I will be watching it :-) cheers Wan :-)

[bumpa33] 18/2/2021 19:04

Wan - it was available through Primary Bid as I advised the other day.

[wanobi] 18/2/2021 19:01

arrrgh, I still need to find a decent broker Bumpa :-) Cheers Wan :-)

Online dealing not available- It is expected that Cellular Goods plc will be admitted to the London Stock Exchange at 08:00 GMT on 04/03/2021.

Hargreaves Lansdown expects to be able to trade Cellular Goods plc. However, we are currently awaiting confirmation as to the stocks settlement status. Once confirmed, trading will be enabled.

Please continue to monitor this page for updates.

and........

Cellular Goods Retail Offer cannot currently be traded online. For further information about trading this security, or to obtain a current price, please telephone our dealers on
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[jbravo2] 18/2/2021 19:00

Yep there's zilch for it right now.
If it happens it'll be a game changer within days of it happening due to the plant being accessible. Even if it gets "trashed", a repair job would cost an order of magnitude less than starting from scratch.
Spring and summer are the key times IMO. Presumably if Aliyev has a plan for action re occupied NK, it should happen then.

[royalalbert] 18/2/2021 18:56

B3 expecting copper to out do everything, 100kg each tesla car, car makers all in on electric.

[wanobi] 18/2/2021 18:52

After making lots of noise last summer with the purchase of Barrick Gold (NYSE:GOLD), Warren Buffett's Berkshire Hathaway dumped the stock in its entirety, according to the latest 13F filing. The move to sell Barrick Gold was made in Q4 after purchasing just under 21 million shares in the second quarter of 2020. Berkshire Hathaway sold some of its Barrick position in the third quarter. Berkshire's original purchase of Barrick was a surprise to many as Buffett is known for his negative opinion on gold.

In a 1998 Harvard speech, Buffett famously said that gold "has no utility."

"(Gold) gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head," he said.

Buffett's summer purchase coincided with gold hitting new record highs of above $2,065 an ounce and figures like Max Keiser, host of the Keiser Report, proclaiming the move to buy Barrick as a "sea-change."

Cheers
Wan :-)

[laurence llewelyn binliner] 18/2/2021 18:52

#3Sporrons... Copper Copper Copper.. USD4/lb coming up, what a fantastic time to start finding a lot of it on your door mat..

Any plant of scale could take a year or 2 to build pending the reserves (porphyry..?) we have but a massive opportunity..

2,500 Tonnes a year is just a scratch, but its a by product for us so far and for free, at 25,000 tonnes p/a, now that makes a difference.. :o) and would bring USD 220M revenue..

[brasso3] 18/2/2021 18:41

JPMorgan Predicts That The Biggest Short Squeeze Yet Begins Next Month

[wanobi] 18/2/2021 18:27

did he really just say,,,,, "the silver price will be well into 3 digits" ODR,,, blimey :-) LOL :-) :-) :-)

Cheers
Wan :-)

[2sporrans] 18/2/2021 18:18

No, my apology JB

The Moly is a relative sideshow; just something new and i was curious.
I ought to have been focusing on the feast of copper, as doubtless you were
assuming i was.
I'm sure others here can offer far better insights than i.
Like Wind dancer.
and your good self.

Will AAZ actually cash in on Kashen though?
That's the crucial question.

Nowt in the s. price for that though.

[jbravo2] 18/2/2021 18:06

@2sp
Ah right. I'm with ya. Sorry for being a bit slow there

[2sporrans] 18/2/2021 18:04

Ought to have posted up something on the value of the
275k metric tons of copper reserve at Kashen, seeing i flagged up the
Moly.

At today's price, make that almost $2.1-bn worth copper in ground.
Spread over 25yrs production [*note below], $84-mn-pa revenue.
Guess at today's price an efficient plant and open pit, good grades
the margin must be v. good.
40% would generate $33.6mn op. cashflow/pa
Is that tolerably conservative?

For how many years will the bull market in copper run?
Dunno, but isn't 15yrs typical of hard commodity cycles?
If one kicked off Apr-2020, that's a great ride ahead.

*note: "The Armenian Government also announced at that time [2016] that they believed the non-ferrous metal reserves of the Kashen deposit were sufficient to keep the new plant operational for at least 25 years." from last AAZ RNS on recovered CAs

[wanobi] 18/2/2021 17:43

yep, many thanx tf,,, looks like it's making a move alright :-) cheers Wan :-)


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[wanobi] 18/2/2021 17:40

many thanx ODR, will watch that later for sure, cheers Wan :-)