Anglo Asian Mining Share Discussion Threads

[jbe81] 10/6/2016 14:30

gold looking like it might rise some more

[wrighty46] 10/6/2016 12:41

Well looks like someone has done rather well today. Mm's very accommodating for now .GLA

[zhockey] 10/6/2016 10:17

Good for you jbe

[jbe81] 09/6/2016 23:07

You dont know how many I bought Zhockey sub 10p ;) (its alot less than JBravo!!)

On a serious note, will be buying more, would prefer them to be at 12p than 20p but will be buying all the same.

[jbravo2] 09/6/2016 22:57

Hurry?
Of course not. I've been here years and my position has taken years to build. It's only on ISA day that I percieved there might be a hurry hence why I bought my allowance as soon as I could. I was amazed no-one else joined me but it mattered not. I didn't mention it and I picked up a few hundred thousand in the weeks after.
I am of course slowing my buying now, I've got over 2m and it's now above my average but it really is so much better to buy with the share price heading up rather than down.

[mattjos] 09/6/2016 22:47

There's no hurry please chaps. Let the traders and impatient surrender their shares cheaply ... I moved up my buy range now to 15p recently. Just need to wait for the impatient and the traders to sell out & oblige the mm's to close the spread. Takes patience as it it not often 1/4p spread now but, it does come up & limit orders are helpful although, it has become significantly harder to buy in volume since we left the 5-9 rangeI expect to be moving my hunting range to 20, 30, 40 & 50 in the weeks ahead.

[jbravo2] 09/6/2016 22:16

Exactly zhockey.

It's all a question of what you think this is worth jbe.
I was buying at 15p and more on the way down so I'm sure as hell buying on the way up. It's always better on the way up.
Like mattjos said, this really is only the start. The foothills. This could easily see 50p in short order. All a question of gold price and future direction.

Look at what the plant cost, or what it's "worth". Look at our revenue each year year. Then look at our market cap. Look at what is going to disappear from our debt this year and next year.

It's a silly price below 20p, but not quite a silly as 5p.
That's why on 6th April, new ISA day, I spent my whole allowance on this. No one else bought much that day, someone commented on "decent volume" that day but we've had 10x larger volume at twice its price since. It's still a screaming buy.

70koz this year. 70koz. Market cap still under 15m. 70koz.

Crazy

[zhockey] 09/6/2016 21:22

JBE, I think you missed the boat on bargain prices mate. Pretty soon I think 13p will look cheap. Gold would have to go sub 1200 for the share price to go sub 10p IMO, and I don't think that will happen.

[jbe81] 09/6/2016 19:54

Nice to see gold rise, would really like the share price to come back some more so I can get some more in the next few weeks.

[mattjos] 09/6/2016 10:58

issued share capital is 112,661,024

The key shareholders (those over 3% and the Directors) hold a combined 49,478,209

That just leaves 63,182,815 in 'free float'

A large proportion of that free-float is now locked up in the hands of long-term investors, particularly after Bashirov's stock was soaked up

[mattjos] 09/6/2016 10:30

agreed Celeritas. Certainly I would have thought it should soon establish a new lower base around the 15p level

[celeritas] 09/6/2016 08:22

People keep wanting higher gold but forget aaz will do very very well with gold over 1200.
Should really be in the 20s but if Reza can pull off a deal to get aaz noticed they'll be no reason the 20's wont be left well behind.

[brasso3] 08/6/2016 20:09

A 6000 - 6300 oz month for May will put us back on track towards 75,000oz for the year. It will also coincide with some of the best gold prices for several years. Average gold price in May was above $1250.

[jeanesy] 08/6/2016 18:50

What we need is a strong POG and good production figures short term. Hoping for more of the same tmw.. please !

[mattjos] 08/6/2016 18:45

Still in the foothills of the ultimate destination as far as I am concerned, Brasso. Still buying more.Should be a fascinating 2-4 week period ahead

[jeanesy] 08/6/2016 18:34

Just got back in from work.Lovely jubbly. Still not sold a bean and very happy with it!

[brasso3] 08/6/2016 18:01

Matt

Chart predictions for tomorrow?

A gradual daily rise followed by a finish on the daily high is one of the most positive of charting signals from memory (Charting for Dummy's book).

Maybe you should post your latest chart with the breakout confirmed and in progress. :)

[cordwainer] 08/6/2016 17:20

brasso, think u meant tailwind?

[philo124] 08/6/2016 17:09

Been away all day.Nice suprize. Thanks for all posts.

[cordwainer] 08/6/2016 16:43

Gold back in vogue for some measure of safety / hedging, with every other sector having valuations stretched more than ever in the face of risks including slowing growth, Brexit, Chinese debt, US elections etc. Recent survey shows only 38% of French in favour of EU.
I can see by the advfn sentiment indicator for this stock that more than one person wants my shares.

[brasso3] 08/6/2016 16:33

Hard to see what will stop this hitting 16p now. It has a lot of tail wind:-
- Pressure removed from the gold price in the short term.
- Production news in 7 - 8 days which are expected to be >6000oz.
- Chart looks very bullish i.e breakout, RSI and resistance at 16p.
- Action behind the scenes with Chovdar.
- H1 results in July.

[cordwainer] 08/6/2016 16:15

..lurking in the murk til I can buy a Merc after selling Merck.