Anglo Asian Mining Share Discussion Threads

[mattjos] 26/1/2016 22:43

Maybe. But from 3.5p to 10p and ever since they have been closing only.Does anybody know anything about Limelight? If they invest as an occupation perhaps they have been caught elsewhere and also now a forced seller. In current markets, many will be wanting to exit illiquid holdings to free up cash.Reza's loan to the company & then rolling it over for a further 6 months is about as strong an indicator that you can ask for in terms of his confidence in the company.I am not aware that he is hugely wealthy individual

[zhockey] 26/1/2016 22:34

I think IG are closing only as AAZ have slipped below their min M'Cap requirements.

[jeanesy] 26/1/2016 20:28

If i wasn't at work i would be doubling up pretty soon also, really cant understand why this is going lower. Really hope this is just down to a distressed seller as everything here looks like its looking up.. except the shareprice!!

[ilostthelot] 26/1/2016 20:13

I'll be doubling up it goes below 4p .

[cyberbub] 26/1/2016 19:57

For someone like me who knows the basics of spread betting but not the details about how "the spreadbet companies could be holding the share price back", can you explain please?

[jbe81] 26/1/2016 19:44

Gold doing well. Matt ,had mentioned to another holder that SB companies could be holding it back, something which makes a RNS that could create huge volume all the more interesting.

[cyberbub] 26/1/2016 19:35

If we assume net profits this year (after capex, and the Az Govt's share of the gold), including copper etc, to be $12M, then forward p/e is about 0.5....Even if you add net debt to the market cap to give an EV, it is still only on an EV/e of barely 4... you would think there is a decent chance of at least doubling from here, even before any increases in POG...Just my view, I have no crystal ball.

[cyberbub] 26/1/2016 19:29

Mattjos if gold makes a real run for it in the coming weeks, e.g. 1175 - 1200, then I don't think we will need to wait until April to see a reversal here.I wonder whether our (assumed) seller needs to offload for the end of the tax year? If so then watch out when they have finished??Touch wood.. sigh.. been very disappointing here so far... hopefully our time will come...

[cyberbub] 26/1/2016 19:23

What does Closing Deals Only mean on the spread betters? You can't buy, I assume? That would be encouraging!

[philo124] 26/1/2016 19:10

Gold moving up, would by physical coins but for $ rate. Last time I bought when c$2 to the £. Doubled my money but lost more on gold shares I'm sure.

[mattjos] 26/1/2016 18:50

As most have now observed, this has been Closing Deals only on IG for a long time .. Since the drop to 3.5p actually.Very often the case that the likes of IG and the MM's collude to try and shake out any such large positions in an illiquid stock as they hate to lose.They have between now and April to do so. personally I'm simply waiting to add a load more if they try it on under 4P

[jeanesy] 26/1/2016 17:57

Price now is crazy. POG up .. most goldies up.. and yet we go down.Strange ! Our seller is still around. How many more are there left to offload. If it is Bashirov's lot.. how many do the mm's have left to sell ?

[cyberbub] 26/1/2016 17:19

AAZ is definitely at the risky end of gold shares... not the severely risky end, but it's no Anglo Gold or Barrick... but it's all about risk and reward... let's hope we get some recognition of our progress and a rising POG in the coming weeks to trigger it...GLA NAI

[captain_crash_and_burn] 26/1/2016 17:00

Yep AAZ share price action is counterintuitive to what is actually happening, that being said I am too wary of doubling up on AIM shares!

[mattjos] 26/1/2016 16:59

little congestion now on the Gold chart until 1160'ish and there was a gap down from 1197-1196 June 2015 which is asking to filled beyond that.

[on target] 26/1/2016 16:40

Nice rises in Copper, Gold, Silver and Zinc today.

[cyberbub] 26/1/2016 13:34

Well FWIW I can sell 150k but only buy 50k... I think that 100k trade is a buy...

[terropol] 26/1/2016 10:21

Brasso3, it should go quite a bit higher. Wealthy a smart money people will go more in to gold as currencies not to be trusted fully....
I think we are in the beginning or a financial shake up.
Gold is got to be the best insurance policy.

[brasso3] 26/1/2016 04:58

Gold at $1112

[mattjos] 25/1/2016 22:42

Gold, in other currencies such as CHF, GBP, RUB are all showing Golden Crosses having developed or very close to.
It's only gold in US$ that, so far, is not showing such a pattern ... presumably because that is the currency in which most of the paper trading occurs & therefore greater opportunity for 'less than transparent' pricing.

[cyberbub] 25/1/2016 22:23

Yes, POG rising a bit again... bounced off resistance at $1110 last time, will it break through this time?

It is very frustrating seeing a company on a P/E of what must be well below 1, falling back again. But if more people sell than buy, that's what happens.

FWIW, I think our AISC is probably around $200 higher than our cash cost. That should be decreasing as the Manat devalues, so the current AISC is probably around $900? So with 63,924 ounces of gold (AAZ's share net of the Govt's 'take'), that would be around $12M pure cashflow into the company. Meanwhile the company is valued at $6M.

All I can think is that the debt relative to the size of the company is putting people off, or maybe the volatility of the region they are in? And yet the debt is perfectly serviceable (especially if refinanced), and Azerbaijan is a semi-European country... albeit at the ropier end :-)

A decent rise in POG should help us as least get into double figures share price - let's hope we get it.

GLA NAI

[mattjos] 25/1/2016 22:06

Manat still under pressure. Looks inevitable to me that it will suffer one final drop this year. I have the 187 area as the next destination.

This is the same as Gold rising as far as AAZ's business model is concerned.

Any rise in gold this year coupled with Manat devaluation will be a double +ve for the P&L .. .albeit will be a source of great concern for the populous and the government.

[philo124] 25/1/2016 19:59

Around freezing there, Kazakstan minus 20, parts of china minus 40.

[ilostthelot] 25/1/2016 19:55

Hopefully gold will make a move up towards 1200 that should help the PM miner's

[ilostthelot] 25/1/2016 19:54

Ah well!! I'm sure it will bounce back quick.