Anglo Asian Mining Share Discussion Threads

[brasso3] 11/2/2016 09:12

Assuming 6000oz gold production in February at an average price of $1200 with conservative costs of $650.

(6000 x 0.87) x ($1200 - $650) = $2.9m profit!!!

The debt will get reduced very quickly at these prices.

[wilk1] 11/2/2016 09:01

I'm keen for another 50k at 6 if a couple of you will follow me in !! ?

[ilostthelot] 11/2/2016 08:59

A 1 Million volume day here is high. So far there has been 270,000 so it's a good start wilk volume wise. 150,000 bought first thing.

[philo124] 11/2/2016 08:58

$1217. Nice to ponder how much extra debt can be paid off this year with each $1 rise in gold price.

[mattjos] 11/2/2016 08:57

wilk .. a lot of people wait until after the first morning auction before buying

[ilostthelot] 11/2/2016 08:56

Buying keeps up today this could well hit 7p. It's moving fast up and down. Hold tight.

[wilk1] 11/2/2016 08:55

What does that suggest Mattjo ? I'm wondering whether to buy more but surprised about the lack of buying action here this morning. It's the same at PAF, hardly a trade

[mattjos] 11/2/2016 08:52

462,000 on the Bid in the auction! never seen that before here. Someone looking for £25k in a lump

[mattjos] 11/2/2016 08:48

after over 2 years of selling, it's nice to see Cantor starting to favour the Bid here now

[wilk1] 11/2/2016 08:43

5.55/6.0 true spread

[mattjos] 11/2/2016 08:37

through the overnight highs now and pushing 1220

[mega_trader] 11/2/2016 08:31

gold on another run, broken $1200, $1300 next target, Where are all the traders? Waiting for 4p?

[brasso3] 11/2/2016 07:07

A little gap opened up though.

[jbe81] 11/2/2016 00:42

Gold flying, agree, should be between 15p and 20p, and may well be very soon.

[mattjos] 11/2/2016 00:37

Gold up 20% from the Fed raise & the Manat devaluation will have helped move our costs down circa 10% ... that is a big overall impact on the business model, particularly as the cost would normally be assumed as fixed and not falling as here. There's a lot of leverage in the AAZ business model and its upside is increasing day by day at present, let alone the ridiculous 80% discount to NAV that already exists at current price.
At 20p this would only be up with events pre-FED raise & Manat devaluation, ignoring the rise in Gold since then

[mattjos] 11/2/2016 00:30

silver following

[jbe81] 11/2/2016 00:16

yep, flown past $1200

[mattjos] 11/2/2016 00:14

gold cranking now

[zhockey] 10/2/2016 22:28

looks like recurring theme...

[mega_trader] 10/2/2016 22:18

Well Well Well, look at gold, nudging at 1200 again and looking pretty strong. When those shorts have to close and we see more flight to safety of gold 1300 looks very possible.

AAZ still cheap, but the cheap stuff soon gets bought up.

[mattjos] 10/2/2016 21:45

If this is what the central bankers have planned in the next phase of this lunacy then, folk will absolutely buy Gold. cash in the bank will reduce in value every day by virtues of -ve interest charge & now they are suggesting that you cant get your cash out in an effort to go spend it before it becomes worth less tomorrow!
No way will folk fall for that ... water always finds a way to go downhill & folk will look for a way to side-step this sort of tosh by the idiots that got in this mess in the first place.

Is it me or, do others now agree we look to be heading straight back to 07/08 but, this time with the added weight yet more debt?

[gary38] 10/2/2016 19:15

I am one of those looking for a gold mineronce l notice the gold price starting to change direction and talk of recession. Looked at a few US gold mining stocks to buy but they have move a lot already but AAZ is just starting to break out to the up side with a lot of potential hopefully.

[gary38] 10/2/2016 19:07

Sounds good to me .l'm looking forward to a rocket ride, haven't had one for a long time.

[zhockey] 10/2/2016 17:55

Gary we had 40% uplift two days back :)

I'm looking for 1000%