Anglo Asian Mining Share Discussion Threads

[brasso3] 02/10/2015 21:55

The chart is starting to look like its primed for a break out. Maybe a few more trading days before a big percentage move though. I will be looking for it to close above 5.5p early next week. 5 - 8 trading days now until the Q3 results.

[cyberbub] 02/10/2015 19:34

Ah OK it was a UT?

[mattjos] 02/10/2015 19:27

Believe the 83k was the result of the auction

[cyberbub] 02/10/2015 17:46

Another delayed buy gone through, 83k... and about 300k of buys on ISDX... given how tight it is here, the free float must be shrinking fast... will it pop next week? Touch wood... and let's hope the POG stays up...GLA NAI

[mattjos] 02/10/2015 15:51

artful sods

[cyberbub] 02/10/2015 15:46

Nice Mattjos, I hadn't noticed the ISDX buys... not huge but not bad... let's see if we get a few more before close?

[mattjos] 02/10/2015 15:43

buying is being reported on the secondary market and not on the main market ... for some reason!

[mattjos] 02/10/2015 15:24

very similar charts:


free stock charts from uk.advfn.com

[cyberbub] 02/10/2015 15:21

Loads of shares were bought above 6P just last week... The volume since suggests that they have not been sold for a loss... hopefully if people hold tight then they will soon be well in profit, especially if the gold price rise holds...

[mattjos] 02/10/2015 14:52

possibly .. but that is not a particularly labour-intensive sector .. It is manufacturing in the USA which is really under the cosh at present.
Post 2007/8 a big part of it was re-shored to the USA away from the likes of China/Thailand/Vietnam. USA became proud once again to say "Built in the USA" & large numbers of jobs were created .. now the US$ is really much too strong and does not at all reflect the state of their economy right now, those manufacturers are finding it harder and harder to export what they make. The threat of US interest rate rises & $ return from EM's to USA is only going to make that situation worse.
The large corporates, instead of investing more in hi-tech manufacturing processes to deliver productivity improvements in the long term (so that they better compete globally)simply used surplus cash to buy their own stock back & hired part-time cheap labour to flex production .. .just as we have done mainly in the UK. It's been a labour market recovery predominantly in 'numpty-jobs'.

Now that labour is going to have to be cut free & companies will have to either go back offshore or, invest properly to achieve proper, durable productivity gains - just as the cost of capital looks like it will be going up. Too much short-termism in it all.

[celeritas] 02/10/2015 14:39

Mattjos, I expect shale job losses will be feeding through with the low oil prices.

[celeritas] 02/10/2015 14:12

Cyber, have a look at hgm, costs in roubles really helped the share price I'm sure the weak manat will really help with costs here.

[cyberbub] 02/10/2015 14:09

Let's hope at some point there is a sustained rise in gold again... breaking $1200 would be good, maybe we will see that in the coming weeks if the $ weakens further?Good job our costs are in a weak currency :-)

[mattjos] 02/10/2015 13:54

Quelle surprise! USA jobs growth less than expected & revised downwards last month.
Some huge redundancy programs been announced by large USA corporates recently.
Wage growth is virtually non-existent. Inflation is notable absent.
The regional surveys have clearly heralded that all is not at well in the USA at present.

None of this points towards an economy requiring a rate rise any time soon & the potential for $'s to flood back to the USA out of the Emerging Markets is enough to keep the USD strong, peg back inflation and give the IMF reasons to counsel against a USA rate rise any time soon.

Markets are not going to like this .. not yet a disaster but, add in the big Wholesale Inventory build in the USA coupled with a real collapse in new orders & that stock will need to be moved on soon & the seller will not be getting top $ for it all ... Christmas Sales in USA will have some BIG, BIG discounts this year

[jbe81] 02/10/2015 13:35

nice rise in gold

[webshares] 02/10/2015 11:49

Thanks I'll give it another try

[jbe81] 02/10/2015 11:35

[e-mail] that was the email address to use , although don't know if it is still the case

[webshares] 02/10/2015 10:22

No not heard a thing. I think they're to busy counting all the gold they've dug up

[jbe81] 02/10/2015 08:24

Welshers did you get a reply from the company? What email address did you use?

[mattjos] 01/10/2015 23:10

Thnx OnTarget .. ISDX link now a button and tests ok.

[jesus405] 01/10/2015 22:34

Matt and Brasso that would mean 7600 oz+ in september which would be the best individual month ever reported. Prob be around 19K.

[mattjos] 01/10/2015 22:15

Apols Brasso, just think that some still have buying to do ahead of that update so, was going to give them a chance since Cantor are still obliging, albeit less generously than before.We could well do it this quarter with the summer temp influence on the heap leach, Gadir's high grade contribution as well as whatever they tickle out of the new flotation plant at this very early stage of operation.(Q3 next year should be a real blowout result)

[jbe81] 01/10/2015 22:11

Will be supposed if we don't get some buying next week pre q3, although I think we might have to wait for q4 for a record quarter.

[brasso3] 01/10/2015 21:11

Matt

I was going to suggest that we could beat our best ever quarter back in 2013 (Q3):-

-- Record quarterly gold production of 20,242 ounces for Q3 2013 from Gedabek, as a result of the new Agitation Leaching Plant commissioned in June 2013 to improve gold recoveries

[mattjos] 01/10/2015 20:54

Shh, please BrassoOk, will sort the ISDX link after rugger