Anglo Asian Mining Share Discussion Threads

[bsg] 04/10/2016 15:08

It is a 50% increase in interest rates.

[mattjos] 04/10/2016 15:02

all this over a possible 0.25% rate hike in the USA .. meanwhile 40m Russians are planning for war with USA!

[bsg] 04/10/2016 14:47

Not good timing ...

[zhockey] 04/10/2016 14:43

Gold has looked weak for some time, I cannot see the rationale for near term break-outs that folks on hear have been talking about. We will have to see where demand is once the 200sma is touched.

[cyberbub] 04/10/2016 14:38

Hmm gold being bashed down further by the Yanks? :-(

[scottishfield] 04/10/2016 12:12

Tks Mattjos

[mattjos] 04/10/2016 12:06

jbe .. I would agree. The Gold chart looks very much to me that this week should prove to be the last bottoming pattern on the wedge. What is not at all clear is what will prove to be the catalyst for a definite breakout. We may yet have to wait for the USA election result if no other event occurs between now and then.

[wrighty46] 04/10/2016 11:51

Only because of the volume.

[wrighty46] 04/10/2016 11:51

I bought 2 small amounts yesterday and today.

[jbravo2] 04/10/2016 11:44

It's all jeanesy!
:D

[zhockey] 04/10/2016 11:36

Interesting this volume seems to have come from nowhere, is anyone here buying?

[mattjos] 04/10/2016 11:29

£ keeps dropping against the $, making the our dollar earnings worth ever more £

[mattjos] 04/10/2016 10:41

from Chip on his thread:

For holders of PM producers it is worth noting the average realised spot prices over the last quarter (ie July - Sept).

Gold:
1Q = $1,190/oz
2Q = $1,268/oz (+6.5%)
3Q = $1,334/oz (+5.2%)

Silver:
1Q = $14.95/oz
2Q = $17.08/oz (+14.2%)
3Q = $19.58/oz (+14.6%)

Given the excellent qtr on qtr percentage improvements, revenues should be similarly better and, on balance, 3Q earnings should likewise be up versus 2Q/1H.
Chip

[jbravo2] 04/10/2016 10:24

This next week should shake out a few of the doubters who wish they'd sold at this price before then it'll be moving up strongly.
This price really will seem far distant soon.

Selling 70,000oz at a margin of $725 to clear $50m this year alone will see to that.
So we clear just about £40m and have market cap of £20m. As that debt evaporates it is just going to get put on the share price.
Then next year we use the new electricity supply, the new water plant and the new SAG mill to produce even more at an even lower cost!
Debt gone by end of 2017.
Share price circa £1.

On existing case only.



Add in anything extra and...

[2sporrans] 04/10/2016 10:05

Make that the end of the hour Brasso :0)

[jbravo2] 04/10/2016 10:01

Yes it seems as if the pace of buying is picking up. Time to get a significant position, before important news arrives, is running out.

[brasso3] 04/10/2016 10:00

You can sell online for 18.5p at present with HSDL. I expect 19p to fall before the end of the week...

[jbe81] 04/10/2016 08:46

Matt, how do you read the gold chart at the moment? A poster from another board says a breakout to new 52 week highs is imminent.

[yasx] 03/10/2016 22:20

Mattjos,

Noted.

Be that as it may, the reason for holding this is the material undervaluation, and especially if gold moves higher in due course.

[mattjos] 03/10/2016 22:05

fwiw yasX, I'd be looking to see if we get a reversal around 1st / 2nd week November

[celeritas] 03/10/2016 21:48

Tea leaves guys, no go for aim stocks. This will move a long way on news. No chart will predict when that is coming.

[mattjos] 03/10/2016 20:35

YasX .. that is often the case & we may yet be lucky however, I believe the small dip back into the wedge during the last 3 trading days of September was actually that re-test.The upper red line of of the wedge I hilited was rather generous.If it does not re-test the wedge itself, it is usually the case that where the wedge lines intersect will show the date of a short term reversal, counter the trend in action. So, if we're going up on the day the lines intersect, the price will likely drop & vice-versa.Will try to elaborate later

[philo124] 03/10/2016 19:45

V good price move given price of gold at the moment, something positive about to be announced hopefully.

[yasx] 03/10/2016 19:29

Mattjos,

Ref 4532: Is it not normally the case from a charting perspective that wedge breakouts result in a backtest of the breakout area?

[jeanesy] 03/10/2016 18:40

Great start to the week. Maybe we will get some news tmw?