|Anglo Asian Mining
||EPS - Basic
||Market Cap (m)
Anglo Asian Share Discussion Threads
Showing 22926 to 22950 of 22950 messages
|Worth a listen on gold....
|POG falling again. It doesnt look like 1200 is going to hold. We are likely to get cheaper again here!|
|Another $2.5 off the debt .. EV to mkt cap still daft|
|Nothing wrong with your sums except I expect April already exceeded 6000oz with the gold from flotation.
I'm afraid that won't be sitting in the bank though. We had to pay ATB the quarterly payment last week. That's $2.5m. Choice not involved there.
I'd expect to start to see some spending on the SAG mill and detox plant taking place soon too.|
|I expect May will yield around 6000oz gold at an average price of $1260.
6000oz x 0.87 x ($1260 - $700) = $2.92m profit.
April production made around $2.6m so AAZs bank balance must be looking healthy at present. At the end of H1 AAZ could have around $7m in the bank if they choose not to pay down any debt.|
It should be no surprise that gold has and is falling. When it failed to break 1300 it was clear to me that there would be a consolidation and the 200 SMA is a likely target. We might see 1400 this year but to think gold will just go up and up without consolidation is pure moonshine.
All the association with fed raising rates is just noise, gold naturally wants to correct and will do so whatever the news. I think we might see a bounce here back to 1250 but be prepared for it to got sub 1200 in June.
I agree with you on exploration, it would be nice to have a full summary of progress and what the strategy is going forward.|
|We were told along time ago that there was going to be the possibility of re-negotiating the loan - so why have we not heard anything? The last time i raised this i was told this would not happen because of the fall of the manat. Well the manat has been relatively strong recently and has moved fro 1.6 to 1.48 so perhaps there will be more reason now to try and re-negotiate it . Also i was disappointed to hear nothing about new targets or drilling news as again we were promised news on that too before the snows came- well its a long time since then!! Some news here is well over due !!|
|Gold is all over the place. It went from 1200 to 1300 then back again. It could go to 1100 or back to 1300 or even 1400.
All depends on your timescale.
Aazis seriously undervalued anyway, had it been 30p I'd be thinking maybe sell but at 10p plus the possibility of a major deal.|
|The fall from grace of the POG has been pretty dramatic. Every day the price has fallen recently. 1200 looks likely to be broken early next week. So much for those who said we would be breaking 1400 ! We have fallen $100 dollars in no time at all- the next stop is. Just when it looked like things here were looking up too !!|
|Reza and aaz must have been royally miffed when the ownership,terms and conditions attached to Chovdar were revealed.
The preferential psa, tax and labour laws given to Chovdar should at the very least provide grounds for the renegotiation of aaz's terms and conditions.
The Azer govn must be seen to be squeaky clean going forward. It must also reflect the favourable terms behind closed doors should apply to all,therefore, a compromise seen to address the difference would be expected.|
|Some sort of political deal has been done regarding the Aimroc assets. Not sure with whom, the female journalist who worked for the anti corruption newspaper that printed the story about who actually owned them has just been released from prison and given probation instead.
|Consolidation/manipulation always a means toward an end.
The irony being the satisfied and content become greedier with no end or moral in sight.
Justice and balance will out and the scales are favouring China to redress.
Always leave some for others as often their need is far greater than yours.|
|I think gold's consolidation will drag the share price down here over the next month. The share price would need to completely detach from gold to go up and I think that is highly unlikely, but not impossible.|
|Just for balance I think we'll see 16p in the next few weeks, 12p is doubtful jmo|
|Would be very pleased to see 8p, as would a few others, not sure we will|
|UH I think we will see 8p here in the next few weeks, 6p is doubtful IMO.|
|The reason Aimroc failed has nothing to do with technical expertise, management, etc.
They failed because they could not sell their production due to ownership issues.
Think about what would happen to AAZ if they could not sell their production for even one month.
I read somewhere that their last CEO mentioned Chovdar has ine of the lowest production costs in the world.
Now that Azergold is taking over Aimroc assets, Reza can try to get the operations of the Company and get a high margin fee. Also as many of you mentioned, may be a JV of some sort is possible in the future.
No matter what happens with Azergold, aaz will pay off all their debt in 2 years if the gold price sticks around over 1,200 and then we will see where the stock price will be.|
|I didn't buy or sell recently though I did make the misjudgement of not buying at about 6p as mentioned above.
My point I guess is I can see the immediate promise but then I can see the history of bad years after equal promise in 2010.
The commitment of the CEO and his financial support stands out as a positive.
Chovdar I know little of.
Good luck to all lth's - I watch on in interest.|
|agreed jbravo .. the IPO docs originally strongly suggested that flotation was the way to go.
Heap, SART & Agitation have been the necessary process & financial stepping stones to get to what was always indicated and envisaged.|
|@zhockey: I have heard from a reliable source, and I posted on this previously, that for whatever reason there are several hundred kilos of gold dore in a vault. Why AIMROC didn't sell this, or couldn't, or where it was headed I don't know. This clearly can't have helped Chovdar pay its way. Whether it would have made the difference or not I don't know.
I do also wonder whether they got their mineralogy wrong. I think the case for AL plants seem borderline with the ore if it's similar to ours and perhaps flotation and heap leach is a better option. Of course I have no idea if they have the space for that. I know we're running out of space at Gedabek for more heap leach. We're upto 10 now.
@unionhall: it's undoubtedly been a learning experience for the company but the flotation plant, and it's eventual expansion, will prove to be the turnaround the company needed|
|UH was bidding at 7p, he's not bearish he's traded out and wants back in :)|
|unionhall .. I am not convinced that you entirely understand the company or the current dynamic, as best evidenced by your decision on 23rd April (at 6p) that there was no rush to invest as news was some way off.
The news that certain of us here have reason to believe is in the offing has actually been brewing for some years. That aside, the company is a significantly larger enterprise now than it was in 2010.
That said, I (& I trust others) wish the thread to be a balanced one and therefore negative/bearish views are welcomed as they all help investors reach their own conclusions.
I think Bill's recent interviews are perhaps best in combating such negative views coupled with the CEO's $4m loan to the company|
My take is that the last few years have been awful and back in Jan this was priced to go bust. However the company have managed to overcome adversity and are on track to produce a record amount this year. This was a no brainer at 4p when I was buying, and I think fair value based on known reserves is about 30p with 1200 gold.
A lot of peeps on this thread are positive due to speculation about Chovdar involvement, personally I would wait for an RNS but there is upside on the current reserves through exploration, i.e. another Gadir?
And how many aim CEOs would loan the company just short of the market cap to keep things going?
I imagine you are wanting to pick up some more shares at a lower price, personally I think gold is going to 1160 and may take AAZ with it so you could get a chance.|