Anglo Asian Mining Share Discussion Threads

[mattjos] 14/6/2016 13:55

US Retail figures uninspiring. gold reacting to the upside & now at $1,285

[jbravo2] 14/6/2016 13:26

!!!!!!!!
No chance of that happening. It's simply not needed. As zhockey has said the drop is just on a few wanting out to bank their profits and a bit of fear spreading by people who apparently don't own any shares and won't be buying any. I reckon that's the majority of the UK, most of course don't point out why they won't be buying. A more suspicious mind might suggest a different agenda but it matters not.
This isn't going to IPO price in a straight line and it'll see plenty come and go on the way there.

[mattjos] 14/6/2016 13:15

simply to point out the process that the Az govt are going through and that it does not negatively affect AAZ, its rights under the PSA etc.
They cannot comment on the AIMROC assets at this juncture or, how they might be apportioned once this process is complete, as that would be speculation

[jbravo2] 14/6/2016 13:11

An RNS saying what? Presumably there's nothing to say is there? Yet?

[mattjos] 14/6/2016 13:07

a simple RNS tomorrow morning should resolve all this

[jbravo2] 14/6/2016 13:06

LW - the mine originally had a reserve of just 300koz. Clearly that has increased over the years. The current estimate is a few years old now but doesn't include Gadir. One could suggest the reserve will change again. I think it is well recognised by many posters in here that this mine is becoming more polymetallic in the money it earns. The reserves will no doubt change to reflect this in the future. Do you realise how quickly AAZ could clear the debt at the current metal prices? AAZ will be investing in upgrading the plant to maximise the polymetallic income of course.
IMO the company is underpriced for current situation, reserves, and debt.

If something new lands in AAZ's lap then it would be vastly underpriced.

[zhockey] 14/6/2016 13:06

Here here!

[jbe81] 14/6/2016 13:03

You cant argue with somebody taking over 100per cent profit, but will they feel like a Leicester fan cashing in a bet last year after 2 games of the season?!
More shares transferring into the hands of long term holders today, a good thing.

[brasso3] 14/6/2016 12:58

There could be some regrets soon I think. This will be back above 13p very soon.

Gold starting the final push on $1300...

[zhockey] 14/6/2016 12:53

Matt, a mix of:

Tree shake

Profit taking

Fear

[jbe81] 14/6/2016 12:47

At least we have made the top share forum list!

[scottishfield] 14/6/2016 12:43

All on extremely low volume too, I'm having a few more. G L all.

[mattjos] 14/6/2016 12:36

thanks for your view LW but, I totally disagree.

[mattjos] 14/6/2016 12:33

aps .. as I've said before and so too others. The AIMROC assets was a bit of a merry-go-round with regards the money and the ownership.
The parties, seemingly different to the casual observer, were really sub-sets of one another.
However it is packaged up to move the assets back to the state, matters not a damn, in my opinion. The money all originated in one place & went around in a circle.

This is all about cleaning house ... & that is why it is being done quickly.

The assets are going to be bought back in to state control/ownership & then released to new 'contractors' (to use the PSA parlance).

Can not folk see the opportunity that is rapidly coming our way???

[celeritas] 14/6/2016 12:33

It's not, it's trying to put a different spin on the Aimroc acquisition, I call that trying to mislead.

[lw425] 14/6/2016 12:28

matt. it's called 'risk awareness'

on top of the near 50m of debt, very little cash in bank and only mabe 8 years of reserves left

in my view the share looks toppy and overvalued

[celeritas] 14/6/2016 12:27

Matt, I think people very well know it's Aimroc, it's been in the news for a good while now. It's funny how the mm's were short on stock then suddenly people are trying to put a different spin on the facts.

[bleepy] 14/6/2016 12:26

LW425

Been caught twice in the past, I've learned not to fall in love with the company. After all we are all here to make money. I have profited well from the sale and happy to leave some for others with no regrets.

There were a few issues in the back of my mind and today was the nudge I needed.

Believe it or not, I last sold aaz at 54p and profited and started buying back in under 6p with most buys under 5p so am happy, best not be greedy.

[celeritas] 14/6/2016 12:25

Its this i'm interested in

After the purchase of the assets, the working program will be prepared for the development of the given deposits.

Chovdar could be coming the way of aaz, I expect them to be open to some of the deposits.

[aps55555] 14/6/2016 12:25

How much are they paying for Aimroc assets? They aren't buying them for free, are they? Could they do the same for Aaz?

[mattjos] 14/6/2016 12:22

What? is the fuss about ?

This article encapsulates all that is going on & it has been so well flagged ever since the panama papers leak.

This is all about the AIMROC assets. Taking them back into state ownership, aka Azergold & then ensuring the assets are used as per the way that AAZ use the Gedabek asset.

[zhockey] 14/6/2016 12:15

LW425

Keep going we might get to buy at 10p.

Cheers for the discount!

[lw425] 14/6/2016 12:14

well done bleepy.

that is what alarms me - look, as a potential foreign investor that is NOT what you want to read.

can you see mexico behaving like that or peru?

[bleepy] 14/6/2016 12:06

Tried to convince myself but the following statement is still ringing in my ears...

"In turn, AzerGold is preparing to become the sole owner and operator of a number of gold projects in the next couple of months."

I have made a handsome profit so will leave it to others for now. Will still watch from the sidelines for the mo.