Anglo Asian Mining Share Discussion Threads

[cyberbub] 13/10/2016 07:11

Production a bit less than hoped, but that was expected after the poor month in August IMO.Good progress towards further reduction in costs due to connecting to the power grid from next month.Still say on target for 70k oz for EOY (might be a bit of a stretch unless the SART ramps up substantially?).NAI

[bleepy] 13/10/2016 00:09

FORECAST: GOLD PRİCE WİLL REACH RECORD HİGH İN TWO YEARS

[mattjos] 12/10/2016 20:52

On way back .. stopped in Warzburg in Germany tonightAnyway, I digress.At long last the 20p hurdle seems to have been taken out and on growing daily volume.We may yet get a brief re-test but, I suspect folk know of that possibility so, should be short-lived.

[csmwssk12hu] 12/10/2016 18:57

It's good to clear the 20p next stop 34p need that q3 update now

[crazycoops] 12/10/2016 17:26

Nice to close above 20p - we got stuck there on the last rise - "resistance is futile".

[hedgehog33] 12/10/2016 15:42

Simplistic I know but:

If you divide the end of 2014 net asset value by the shares in issue, just the NAV alone equated to .76p per share without the 2015/2016 investments, potential debt reduction, manat devaluation or profit. ... etc etc

I think... LOL

[mattjos] 12/10/2016 14:59

The £ down 20% since BREXIT vote ... in that timeframe, AAZ has doubled in price with plenty more to come.

[cyberbub] 12/10/2016 13:53

Doubt we will see 80p in the short term. But if POG recovers and breaks to new highs, and/or production resumes a steady rise, I think it's definitely feasible within 12 months say. Meanwhile I think 30-40p is fair value at the moment.NAI

[pixi] 12/10/2016 13:40

We should get a production update soon.

[csmwssk12hu] 12/10/2016 13:18

Thing is we all know this is undervalued so once a good rns there is gonna be very little selling as those that understand know 34p and 80p are next two resistance levels, good rns will take us to 34p then hopefully buying will crack that resistance and 80p would be next, most long termers on here are already well up and know this and just won't sell so when good rns mms won't be able to get stock easily and will push up fast imho

[timberwolf3] 12/10/2016 11:36

"AzerGold" announces tender for repair work

October 12, 2016 09:07
Documents for participation in the tender should be submitted till October 14
Baku. 12 October. REPORT.AZ/ "AzerGold" CJSC Dashkesen ore processing plant in the town of Rye current repair works of equipment used, and the purchase of maintenance and inspection work is carried out on the request for proposals.
"Report" means that the documents until 14 October to participate in the request for proposals (Baku, Khojali Avenue, 55) are accepted.
Interested organizations (012) 404 85 80 can contact with phone number.

[jbe81] 12/10/2016 11:23

Not sure anyone is getting spooked. MMs playing games making it hard to buy trying to get whatever shares they can. Will always be some sellers. Not much they can do if there is a good rns generating buyers

[cyberbub] 12/10/2016 11:22

And another substantial delayed buy, 46k at 21.5p

[bsg] 12/10/2016 11:17

I wonder if that 50k at 20.5 spooked a few? It was delayed and a buy.

[csmwssk12hu] 12/10/2016 11:04

In for more 34p next stop imho

[cyberbub] 12/10/2016 10:57

Not sure about tomorrow, but should be the next few days hopefully.

[wrighty46] 12/10/2016 10:19

Bought another 9000 earlier update tomorrow I reckon. GLA

[jbe81] 12/10/2016 10:16

Fill or kill or put in an order

[csmwssk12hu] 12/10/2016 10:15

I can't buy and I want to aargh

[jbe81] 12/10/2016 09:48

and cant get a quote for £800's worth of shares!

[jbe81] 12/10/2016 09:39

Can sell 150k at over 20p

[csmwssk12hu] 12/10/2016 09:37

Holding with both hands

[jbe81] 12/10/2016 09:28

Shares very tightly held

[2sporrans] 12/10/2016 09:24

Hope your Alpine tour continues well Mattjos.

Don't overlook I retain what is, for me, a solid stake in AAZ.

"the next question of what to do with your profit?"
Albeit the continued fall in the £ is concerning in some ways, it's not altogether bad; neither for my portfolio nor for the UK.
For example, I'm very light in Sterling assets and what i do hold are largely $ earners.
Hold a lot of Asian income equities that have made me good profits over recent weeks but past years, indeed ['sadly'] decades now.
Mind you, taking profits out of these too as went decidedly overweight as their prices plunged late Summer-Autumn last year.
{For whatever reasons....there was much fear about Chinese assets/debt/currency/capital flows, ditto 'Emerging Markets'[eh?, like they are hardly homogenous.]. Yet European assets were spared the rod, as if they were relatively safe and American $, assets curried favour as if the American Consumer can always be depended upon to prop the whole show up.}
As for the UK, well one silver lining to the depreciating £ may well be a healthy rebalancing of the economy: Increase in Manufacturing and some tradable services, mirrored by decline in financial services; this reciprocated in relative boost to regions beyond London zone.
Good for import substitution, even if exports slow to pick up.
Hopefully helps Current Account: deficit=7% of GDP; underwritten by foreign investors....main reason for ongoing £ weakness as £ acts as the immediate adjustment 'valve'.
I voted to remain btw but not wholly Brexit phobic.
Political Union a step too far; far too soon at very least.
And Eurozone somewhat dysfunctional.
One suit does not all fit.
Conceivably, we may simply be 'first out of the door'.
My No.1 concern before the vote has been realised:
There is no solid, well knit Leadership team, with well thought through and cogent strategies to accomplish the job of negotiating an optimal solution.
Plus although as much as 60% of UK trade is now outwith the EU, our interests with it remain intertwined; so best to extent remain aligned, not opposed.

5% base rates, this year or next?
No way.
2% conceivably; that's if the US raises by a few 1/4's first.
Pointless trying to defend the £ by raising rates.
Cure worse than the ailment.

If you're that bothered about the £, best hope for the school of Hammond to prevail.

[csmwssk12hu] 12/10/2016 09:10

If it clears 20p then has even normal production figures I think 34p will be very quick imho