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@BP Such is investing in the mining sector ! Big swings and big roundabouts. All you can do is hope for a reasonable/good entry point and trust in your research and the reasons why you invested in the first place. I look for good solid:
> management team & strategy = Absolutely & wish I'd found AAZ much sooner!
> organic growth prospects = more than they can shake 2 sticks at with existing licence areas
> assets/resources/operations = top marks on all, so good others are approaching AAZ for help (Conroy)
> cash and cashflow = yes to both
> share structure = yes, and no one can seem to remember when they diluted shareholders last for cash
> BoD governance = surprisingly good given location
> country risk = was not brilliant but improved massively & top flight direct government support
> Transformational triggers = 3x licence areas coming back to AAZ with 'clocks' reset = mouth watering potential
Shame about the recent SP performance ... but I can't blame AAZ for POG weakness. The timing is 100% on me.
ATB APR
Nope, Topped up with some more today. Hears Hoping.
Sorry to hear that apro, I'm nursing losses elsewhere too.
There's a lot of pain in the mining sector lately but hopefully we see a switch in sentiment now the $1.9 trillon has passed. More money being shifted from the Federal government to the State governments will hopefully put a dampener on bond yields and release liquidity back into the market. Doesn't look like gold is going anywhere but same thing happened last year when it dipped to $1450/oz before topping out a few months later at $2090/oz.
@BP I cut 50% of my CCZ holding 3 days ago. My other 50% isn't very happy
APR
Hope you dumped CCZ earlier, down 18% today
Was going for a top up today but spread put me off, Put some in CCZ. Have held AAZ since the beginning but fed up with lack of movement with SP .
It’s certainly a frustrating share in recent times. Not helped by the companys PR or rather lack of it ..just don’t get me started on that shareprice angel cretins ...
They will have up to 40k shares at 36.01 till it goes to market best
Now I've been allowed to buy (3566 at just under £1.40) - I suppose they managed to get some mug to sell some first.
Shareholder should not that the spread is only a couple of pence, very often the touch price is nothing like the real trading price. Anything around the current price is a great opportunity IMO, if it goes a little lower so what.
Unbelievable, just retested and they've marked the bid price down, only 0.1p but that's not the point, considering I still can't buy even 500 shares even with the big spread.
How can it be anything other than rigged to create a feeling that the SP is on a downward trend and help it on it's way??
Yet again, the SP is artificially controlled to line some crooks pockets.
This morning on the buy side (previously it was on sell side) - I could just get a quote to sell shares but not to buy - so WHY is the SP down?? I can only think of 1 reason, to rig the market for the benefit of someone and at the expense of genuine traders. The company really need to look at this issue WRT their MMs. It's ridiculous for the market to operate only half open day after day, only to be opened up when some entity has been accommodated. No doubt trades will be possible soon.
With the rising copper price aren't the company fairly sheltered from the recent weakness in the gold price? I think copper must account for 20-25% of revenues, silver is probably around 10%. As aprogerson posted below the costs per gold equivalent ounce are very low.
Hoping we see another feeder pit brought online later this year and a push towards 100.koz production as we just seem to be standing still.
Just a bit frustrated with the recent heavy AAZ SP drop given they are a polymetal producer of gold, silver and copper. It also looks like the market has now fully discounted the potential upside from the 3x previously disputed Azeri licence areas producing anything in the foreseeable future.
Hopefully as the status of these areas and associated resources & mines becomes clearer with a route map to production then the SP will react accordingly as the potential upside is considerable.
ATB APR
Drop seems overdone here with low AISC and polymetallic gold +Silver +Copper nature of AAZ resources. 3x disputed areas look to have been almost fully discounted so market is not expecting much contribution from them near term
ATB APR
In my view it's just a short term fall in gold and with all the money printing that has happened last year (and still happening) that can only be good for the gold price. Also worth remembering with AAZ that Copper is a significant part of our business and Copper price is near record highs and almost double the price vs. this time last year.
AAZ retreat is in line with other junior precious metal miners. A slight out performance in the pull back is being averaged off to the mean against the other juniors today. Other juniors are seriously oversold and eventually AAZ will be in the same technical position. A number of analysts have egg on their face as hardly anybody saw a pull back as deep and long as this. The honest answer is nobody knows what is going to happen next. A lot of us are seeing through it as its hard to find anywhere safe to invest. AAZ is trading 10PE area and will just follow whatever with gold prices. Of course the gold drop in other currencies is greater and more people will try and buy physical if the premiums become more sensible (many have gold at $1950 equivalent for bars). This may help form a bottom on gold if the FED chooses not to rig the market again.
...troubles aren't with Azerbaijan or the conflict - more now with gold near breaking below $1700, which is very important to AAZ with under 100k oz production to support it's multiple potential activities.
It needs the cash, especially if we are still to receive generous dividends.
Any long term views, supports for the gold picture?
It continues, Great news over Conroy and today and excellent RNS but still the SP fails to react. Are these being held back now. Surely with all the Extra's we Have seen since Christmas should be banging on the door of at least £2. But Still no action. Maybe worries of troubles in country again??????
I agree JTD, never usually have problems but had difficulty trading in AAZ and several other shares lately - if you play with the numbers they just let you trade a silly amount of say 100 when previously no problem with 10,000.
I even put the shown full buy price as a limit on one trades share with a trading timescale for the whole day and it wasn't actioned - when I have freely traded in it for far larger amounts before.
Not sure what the game is or how they are being allowed to do it, or who you can complain to ?!?
trading on AIM is, for days I've been testing buys and sells, after I read comments on the ADVFN BB, and have been unable to get a reliable sell price for more than a few hundred, Then miraculously today as they drop the price to 145p and it's possible to sell. What a shabby set-up this market is.
The MMs really are milking PI's. They have the luxury of more information with freedom to hide it and simply refusing to trade if it doesn't suit them - I suspect they have been getting rid of their stock before dropping the price or accommodating some favoured entity. I'm not a seller but unless the parameter are tested it's impossible to tell what a fair price is or how things are trending.