Anglo Asian Mining Share Discussion Threads

[cordwainer] 12/2/2016 04:29

On Target's 'boobs' could certainly raise a Freudian eyebrow, but I think it could soon look like a small clump of grass against one side of the Shard..

[ilostthelot] 11/2/2016 23:46

Haha good one on target a big pair of boobs will have us all the way back to the ipo price in no time !

[terropol] 11/2/2016 23:18

mega-trader, we are using the Mattjos page.....

[brasso3] 11/2/2016 21:14

7.5p looks the next bit of resistance. That should go very quick if gold stays around $1250.

January production numbers expected early next week.

[on target] 11/2/2016 20:42

Just been looking at the 10-year chart. If the 'huge pair of boobs' formation plays out we could be looking at 55-60p or more around the end of this year.

[hedgehog33] 11/2/2016 19:41

Am I on my own here, or does anyone else reckon someones being benefiting by 'shorting' this stock resulting from constant but excessive drip sales over the last twelve month's...?

Just asking...!!

[jbe81] 11/2/2016 19:38

Gold flying again, unbelievable action today. Profit looks alot better at $1300 or $1400!!

[on target] 11/2/2016 19:26

Yep, gold price moving higher is just piling yet more icing on the cake.

[brasso3] 11/2/2016 18:42

The talk of a really high gold price is exciting but flat lining at $1200 for 2016 is also a massive opportunity. AAZ are targeting 72,000oz of gold again this year. The cost per ounce for 2015 was around $730 and will be around $600 for 2016.

(72,000 x 0.87) x ($1200 - $600) = $37.6m operating profit!!!

[mattjos] 11/2/2016 18:29

only needs to advance an average of $8.5/day for the rest of the year to hit my target price by end 2016 ... or so the theory would suggest.
You just never know .. gold is one of the most emotional assets for people to want to buy & therefore may be viewed as impossible to value correctly. Once the emotion sets in favour of it, there is really no way of knowing just how high in value it might get bid & this time around, with China having a much greater control of the physical and investigations underway into how the paper market is manipulated out of New York & London, it may not be easy to keep the lid on it.
What price Gold if China & Russia reveal their true physical holdings (both in the 'official' central bank holdings and in the shadow system) & then make a joint play for a gold-backed Yuan/Ruble to supersede the US$ as the worlds dominant currency?
There are really now so many possibilities that may emerge this year. For now though it is fear that is driving gold upwards .... soon enough the rise will draw in the additional emotion of Greed to continue the run.
Most things go up on greed and down on fear ... this year we should see both emotional extremes actually working in tandem to drive the price of gold upwards.

All this in Month 1 of the calendar year when AAZ will produce its highest ever amounts of Gold, Silver & Copper and likely at their lowest ever cost per ounce!

[brasso3] 11/2/2016 18:05

Gold was above $1260 for a minute or two! Wow, what a turn around since the start of the year.

[on target] 11/2/2016 17:00

Looks like someone bought 206k in the closing auction?

[ilostthelot] 11/2/2016 16:52

Potential for the largest 1 day rise ever here if it keeps heading up.

Resourceful will be holding on if gold keeps this up.

[jbe81] 11/2/2016 16:16

unbelievable rise in gold

[mattjos] 11/2/2016 16:02

Still bashing against $1250 but, only still in the early stages. Plenty of fear about in the world markets and cant see much by way of news that will do anything other than increase that fear.
Looking increasingly likely now that Saudi Arabia is going to send in troops to Syria with USA ... now that puts them squarely up against Russia & Hezbollah. That would be USA fighting an enemy of Israel!

So many, many likely catalysts for things to get much worse in the near-term

[zhockey] 11/2/2016 15:27

Resourceful, how many you have to sell?

[ilostthelot] 11/2/2016 14:48

Indeed. Another few like that and the offer will be over 7p

[jbe81] 11/2/2016 14:45

nice 100k buy

[ilostthelot] 11/2/2016 14:41

Gold fever is back!

[bleepy] 11/2/2016 13:52

FYI

21 December 2015
Anglo Asian Mining plc
Floating exchange rate regime announced and devaluation of the Azerbaijan Manat

Anglo Asian Mining plc ("Anglo Asian" or the "Company") is the AIM listed gold, copper and silver producer focused in Azerbaijan. Note that all references to "$" are to United States dollars.

The Government of Azerbaijan announced today that it had switched from a fixed to a floating exchange rate regime for the Azerbaijan New Manat ("AZN"). The Azerbaijan central bank today quoted an exchange rate for the Azerbaijan New Manat of $1 equals AZN1.55 versus the previous rate of $1 equals AZN1.05. This is an effective devaluation of approximately 48 per cent.

A substantial portion of the Company's operating costs and overheads are denominated in Azerbaijan New Manats whilst the Company's revenues are all denominated in US dollars. This move to floating rates and the associated devaluation, whilst unwelcome for the people of Azerbaijan, will therefore have a beneficial impact on some operating costs and some overheads of the Company. The Company is currently evaluating the effect of the Azerbaijan New Manat moving to a floating exchange rate regime and the effective devaluation on its budget and plans and will update its shareholders as appropriate.


Exchange rate was set at 1.5745 manats/$1 today. Update due and could arrive anytime soon.

[gary38] 11/2/2016 13:36

Not many gold miners left with this much upside ;we are in before the herd.

[terropol] 11/2/2016 13:30

Mattjos, Now we will see if Cantors were short...if yes we should fly to about 30-40p
Gold should get to about $1500, that will do us just fine.