Anglo Asian Mining Share Discussion Threads

[bleepy] 07/7/2016 23:06

Mattjos

I have read your targets and extremely happy should those materialise. I fully understand the black swans waiting in the wings and their influence on pog/pos.
Also with a promising start to H2, 2nd sag mill being commissioned, additional new equipment employed at Gadir and strong rumour of ground breaking news alongside rising pm's will likely propel the share price to new highs.

I have followed your predictions on pog reaching $4,000/oz and the reasons outlined.

Are any/all of the above factors to be taken into account when reading your chart or does the chart indicate its direction without knowledge of the above.

[zhockey] 07/7/2016 23:00

Gutterhead,

75000 x 650 x .675 - 8m / 1.25 = 20m

This assumes 10m debt payment from 20% of production. 1300 gold and 650 cash costs.

This seems realistic, not optimistic. Optimistic case would have a higher gold price.

[mattjos] 07/7/2016 22:46

From 2009 to 2013, there was a clearly visible underlying uptrend in the stock.Bashirov selling down his 12% crushed that line.If you project that underlying uptrend into the future on that long term chart, until you get to now, you can clearly see where we are today and where we will travel to regain that trend. Just be patient. It will get there.When a stock deviates like this from a strong trend line, for explainable reasons, for so long and so noticeably, the rebound usually over exaggerates to the upside. Sit on your hands and wait, is my best advice

[mattjos] 07/7/2016 22:34

Bleepy, if you search the thread, by poster, you will see I have given some pretty specific targets for the price already. At this rage of the journey, I am a pretty lone voice, bar one or two others. Fwiw, I stated at 33p (long, long time ago on old thread but still searchable) that this was going to close the gap & hence why I sold out then & exactly what price I would buy back.Having spent best part of 15 months slowly buying back in, along with others, I have no intention of selling any this year. In fact, as also posted, was bid for stock via my broker at 8p when I did a Bed & Isa on some, for this year's allowance.This is still stupidly priced and I still do not have my target holding

[bleepy] 07/7/2016 22:06

Mattjos

Not being a chartist could you please explain what your chart is telling you. Perhaps in layman's terms.
Possibly include projections on the chart as to where the share price is heading.

[wimbled] 07/7/2016 21:08

Thanks MJ, go with your chart selection

[mattjos] 07/7/2016 20:43

Let's see what Bremen Landesbank situation does next week

[gutterhead] 07/7/2016 20:13

Can't beat a bit of optimism. How do you arrive at that number?

[zhockey] 07/7/2016 17:22

They should make £20M ebitda next year

[zhockey] 07/7/2016 17:19

They should make £20M ebitda next year

[brasso3] 07/7/2016 17:13

AAZ market valuation (£20m) is only just above that of Jordan Ibe (£15m) now!

[brasso3] 07/7/2016 13:56

Someone is accumulating for sure with all the delayed trades in the last few weeks.

4 - 7 trading days until Q2 results. Should be one of AAZs best productive quarter EVER! Hopefully they will confirm operational costs for gold as they did last year.

[wrighty46] 07/7/2016 13:53

Just had a quick look in over on isdx looks like 124k buy also gone through over there this am. GLA

[wrighty46] 07/7/2016 13:46

20k shares.

[wrighty46] 07/7/2016 13:46

Verchally all square on the trading so far today. About 20 more buys although I haven't checked isdx. So IMO any dip is going to be very shallow, be lucky if it's enough for a paddle. GLA buyer still mopping up.

[mattjos] 07/7/2016 10:37

ok, long term chart link (hiliting the gap fill & Bashirov selling) in header now setup and working

[someuwin] 07/7/2016 08:02

Still very cheap.

[andrewsr] 07/7/2016 07:58

The Leavers were certainly peddling lies and no doubt the Remainers, which made the whole process a farce - a banana republic kind of democracy.
Good for gold and that's about all.

[wrighty46] 07/7/2016 07:57

Can't see much of a dip coming, with an update due which could come as early as Monday, IMO buying will only increase. I think a few have been caught out here trying to trade this recently. I reckon you can count the trades on one hand over the last few weeks that the buy price has dipped below the sell price intraday. And even then it was only a handful of shares available each time. GLA through 20p yoday anyone?

[jpfd] 07/7/2016 00:13

Everything bad will mostly be blamed on Brexit, and it will mostly be the truth. This idea that somehow the economic turmoil which is ensuing already is nothing to do with it is utterly fatuous and could only be believed by those who swallowed the lie that £350m a week would go to the NHS and that free trade will be achievable without free movement.

I have made a lot of money from Brexit, thanks to my gold miner holdings here and elsewhere, but I will not lie to myself and say that it was because I am a genius or that Brexit will happen without a cost.

[mattjos] 06/7/2016 23:19

not good if you are CRE at present! Aberdeen just devalued its fund by 17%, having earlier locked out its investors until tomorrow.
That's a 25% haircut YTD for investors.
You can be sure the rest will follow suit pretty quickly as the rush for the exits gains pace.
could have some ugly side-effects for any leveraged investors who might perhaps, also have exposure to the banking sector.

Everything will be blamed on BREXIT of curse but, BREXIT has simply been the healing light enabling the crowd to finally see the Emperor has had no clothes for a long, long time now.

[zhockey] 06/7/2016 23:07

Will be a down day tomorrow surely

[mattjos] 06/7/2016 22:58

prefer to go with this one, if you don't mind. Think it tells a better story.
Mind you, for any other chartists here, there are some other 'clues' in the chart for where this is going but ... one step at a time. Let's talk about those more in 3 months or so .. around the anniversary of Black Monday and the run into the USA election (come on Trump).

Lets just bear in mind that Wave 1 peaked at 85p. Coincidentally the 2005 IPO Price (near as damn it) so, first day investors stuck in the stock for nearly 6 years would likely have got out for virtually evens in early 2011.

That resistance was well and truly hammered in 2011 .... it will be interesting to see how much resistance it offers at second time of asking later this year :-)

[wimbled] 06/7/2016 22:47

Thanks MJ, make it simple from 2010 to present representing the share price only.
Demonstrate support levels between 32p to 44p.

Should achieve this range easy with pog at $1365.