George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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Re Takeover article talk - agree with the - there isn't a takeover until somebody says they are making one,
and I think the share price should stand or fall on it's own merits (+ gold price).
I think if you look back in past history that an outfit consisting of some of the Presidents own family made a complete cods wallop attempt at setting up a producing gold mining company.
If wise they may feel it best to use the proven expertise - and potential outside money to get far more in taxes than trying to grab it all - and end up with none. Bird in the hand....
My understanding is that larger trades are often posted an hour late..at any time, spreadbets are sometimes settled about half an hour after close, and there can also be broker to broker trades, tidying up the books. That can account for many of after hours trades. gla.
https://uk.advfn.com/stock-market/london/anglo-asian-mining-AAZ/takeover?xref=shareprice_takeover
I know there are trades out of hours, but it appears these are usually more limited because in a non live environment the spreads apparently often increase, due to the possible difficulty of fulfilment. i.e. for the risk they expand the difference.
I speculate, but could it be that the spread now at e.g. £1.26 - £1.29 = if even larger could be prohibitive, especially as you say it seems mostly private small trades going through. Needs bigger traders, more excitement to trigger more fervent action? We seem to be in consolidation mode not £2 mode yet.
There's after hours trades listed every day my friend, but the exception was yesterday for some unknown reason? I am quite aware of the trading hours. Anyhow we could have a blue day for a change :)
The standard LSE trading hours are 8:00 to 16:30pm,
I would almost twist it the other way and say what / how are all these trades made after 16:30?
Wondering why no trades after 16:30 listed on LSE, bit strange that?
Big volume again today, but dried up and zero trades for the past hour? US figures released today shows cracks in their economy. Good news on developing aaz's fantastic geo survey results could come at any time now their cofers are repleat.
More US data due this afternoon could propel pog upwards.
Drat I just missed that window, tried to buy but couldn't get a quote. Perplexed to say the least :(
Seems harsh down to the £1.20 level - but must admit the lower it goes the more appealing it looks to buy some more - so now I have done so!
£2 may be a while off now - but I do believe it will get there.
Interesting also in the recent messages it has clearly stated it is looking at possible acquisitions in a couple of other countries. Along with it's own exploration it has definitely got legs...
Lot lower volume of traded today so could be panic sellers finished?
Pog up on weak US retail figure for September.
Yes, it's only a reflection of the advantageous gold price - interestingly as you say they have increased the stockpile - is this just because they can, or perhaps to then utilise the equipment elsewhere on a discovery? - but he nett effect is to be able to reduce future costs when put through for processing, and as it has been accounted for as 'stock' is also a further source of cash, that is not showing up as cash on the balance sheet currently.
Just got to keep that gold price high.....!
The copper price has hurt equivalent GEOs but they did say recently that mined ore has been stockpiled to help reduce mining costs in 2020.
GGGGreat buying opportunities today. This is one if not the best Goldie listed on our exchange. It will return to the level it was and possibly very quickly imho.
Thought I'd bought the bottom at 129p, now not so sure. It may get to 125p, yikes..
Hoc down due to investing in a rare earth metals play which the analysts deemed a mistake.
I agree it had got a bit ahead as everybody gets over excited - the big if is the gold price, which currently still has a positive outlook medium term.
AAZ itself has lots of positive exploration to get it's teeth into, which it can now put the money into - so I believe it has more potential upside than most.
Results were as expected. Nothing whatsoever wrong with performance. The issue was of course the runaway share price which affected quite a few precious metal stocks during late summer.
AAZ got ahead of itself trading in the 160-170 range and I don't see it returning there this quarter if gold keeps testing the $1480 support. HGM down to 200p, TSG at 99p, HOC at 186p to name a few that have suffered a similar fate.
I expect production to be in line with expectations,
but this was the period of sharp ramp in gold price to circa $1500, which on a relatively fixed cost base will push up profit / cash levels.
Are the AAZ Q3 results expected to be very good?
I think bevis and butthead live in his head pulling strings and going tweet tweet tweet tweet I need tweets for my bunghole :)
Halfpenny - It would also be useful to see a graph of the US Presidents brain waves as well - I have a feeling this may work in direct correlation with the gold price charts !