Anglo Asian Mining Share Discussion Threads

[celeritas] 02/11/2016 16:03

Well my limit buys were just missed, typical. Should have just bought, easy in hindsight.

[jbravo2] 02/11/2016 16:01

Of course something is going on.
It's quite obvious what's going on. Some people can't see it though and continue to sell the odd bit. They are taken quite happily by the buyers.
Presumably some of the buyers other than me have worked out what's going on.

Please don't ask. Work it out. It's not hard. It's all been talked about over this thread over the last few months.

Anyway, who's next to sell us some? We've had Resourceful's shares (1m yum yum), we've had yasX's (a couple of hundred) and we've had some of catsick's (a hundred or so?). Anyone else? :D

[jeanesy] 02/11/2016 16:00

That is some nessie formation now isn't it :)

[cannonfodd3r] 02/11/2016 15:59

what did i say earlier about a resource update RNS landing tomorrow (or after close of play tonight)

[jeanesy] 02/11/2016 15:49

It did drop back ..i said short-term if you read it through .. that means in the space of a few days. I did not expect such a dramatic rise though !!

[timberwolf3] 02/11/2016 15:48

is 34p the next target to test ?

[jeanesy] 02/11/2016 15:47

Something is going on here , this is some rise!!

[celeritas] 02/11/2016 15:46

jeanesy, I thought you said you could see it dropping back the other day.

[jeanesy] 02/11/2016 15:30

Perhaps we are going to get some news tmw? That is quite a jump up on only a few buys. lets hope that we can stay at 30p this time

[jeanesy] 02/11/2016 15:21

Whoosh !!!

[zhockey] 02/11/2016 15:10

Ah ha! Behold I am a genius master charter

[blueball] 02/11/2016 15:07

This is undervalued by a factor of 100%.

[jbravo2] 02/11/2016 14:24

Yes, a very long way. I'm not sure even a Nessie formation will close that gap to SOLG's valuation over the next week, perhaps a month? ;)

Anyway, the buying continues. The value is just too good here. Why go elsewhere? :)

[zhockey] 02/11/2016 13:56

Yes the 200sma was around 12 when I checked a few days back. Be that as it may, AAZ is still way off a blue sky valuation like SOLG.

[doc_oj] 02/11/2016 13:51

got back in after about 2.5 years!

have had nightmares here before but everything seems to be going positive for now. gold also seem to be breaking out again. although we are sitting at about 700% rise from the year low!

[zhockey] 02/11/2016 13:45

Matt would ban me :D

[celeritas] 02/11/2016 13:42

Lol, yes the well known Nessie formation, you forgot to add is followed by the rocket formation.

[zhockey] 02/11/2016 13:38

OK so I have been studying charting and I can tell you with a high degree of incontinence that we have what is called a Nessie formation on the daily chart. This rarely seen cryptozoological pattern is very bullish and is switftly followed by an ascent to alltime highs and gives a target of £20 per share. Just incase you were wondering, I am not qualified to give financial (or any for that matter) advice.

[someuwin] 02/11/2016 13:16

Building up steam again.

[jbe81] 02/11/2016 12:58

Gold looking to break $1300. Should move a lot more in the next fews days. Then if Trump wins will be in a new trading range, and your charts look more and more likely to pan out , Matt.

[jbravo2] 02/11/2016 09:57

I'd say the exciting aspect is the possibility that zh flagged up before.
This site is 3km north west of current plant and they've already identified the same sort of stuff 1.5km south of that. i.e. halfway between the current site and Ugur. They'll start drilling that bit in 2017.

There is the possibility therefore that this is all one resource stretching over the 3km. It would hardly be surprising bearing in mind the location and of course the flagging of prospectively extensively larger resources in the IPO docs.

[bleepy] 02/11/2016 09:45

Using averages, the average gold grade for holes drilled is 1.47g/t.

1.2mt x 1.47g/t = 1.76m ounces.

1.76mozs x 0.87(recovery) = 1.54m ounces

From memory Aaz were using 0.3g/t as a cut off grade for their heap leaching.

[celeritas] 02/11/2016 09:44

I watched this last night, doesnt paint a good light on the Clinton foundation

[jbe81] 02/11/2016 09:39

Wouldn't be surprised to see an rns tomorrow as well