|Anglo Asian Mining
||EPS - Basic
||Market Cap (m)
Anglo Asian Share Discussion Threads
Showing 23976 to 23998 of 24000 messages
|grief, I hope they don't do that. They'll miss the biggest part of the rise in gold!!|
|Expect them to hedge another 18000 ounces as gold bypass the $1400, once the remaining 18000 are locked in a $1300/$1500 range. we will start hearing about debt renegotiation. however expect the process to take 3 to 4 months. I could be wrong and negotiations are taking place already.
when you are servicing more than $40m of debt, hedging is a very good manoeuvre, even if you have to sell your gold at 1424 when the market price is $1450. Remember the company is in a deleveraging cycle not a dividend give away rush.|
|If gold gets to 1400 then we will all be well rewarded here, if it goes higher then so be it, it really is a win win situation the more i think about it !!|
|Just a reminder that the hedge is for 18,000ozs, 50% of H2/16 production.
Hedging of gold sales for remainder of 2016
Anglo Asian Mining plc ("Anglo Asian" or "the Company"), the AIM listed gold, copper and silver producer focused in Azerbaijan, has taken advantage of the recent strength of the gold price and entered into a transaction to hedge 18,000 ounces of its gold sales for the remainder of 2016. This represents approximately 50 per cent. of its forecast sales for this period.
The Company has entered into a series of net zero cost options with a lower (PUT option) sales price of US$1,200 per ounce and an upper (CALL option) sales price of US$1,426 per ounce. The options mature in lots of 1,500 ounces of gold with the first lot maturing on 12 July 2016. The remainder of the lots mature every two weeks from this date with the final lot maturing on 13 December 2016.|
|that Tailings evaporation plant will turn into a very nice little earner also.
Look at the history of the company and see how low the recovery rates were before flotation (particularly for silver) was introduced.
All that is sat in the Tailings Dam still, waiting to be recovered .. and in recovering all the metals and the cyanide they are satisfying their long term clean up obligations in a very cost-effective manner.
I had half-expected them to sell out the tailings opportunity but, this is a terrific innovation which sees the company as the financial beneficiary.|
|I bet the management would like to be in a position where they kick themselves for hedging at $1400 per ounce. :)|
|The charts for AAZ, Gold and Silver all look very bullish.|
|Yes i was about to say don't forget the silver.. that has moved up about 4%. Hopefully we will see a nice rise tomorrow!!|
Big day for gold and silver.|
I think people might be paying 19p+ tomorrow to get back in.|
Fed keeps US rate hike on hold
|oil now back to $41 / barrel.
This ongoing fall in prices, off the back of record crude and distillate storage around the world, is going to continue to hit the AZ Manat & heap more pressure on the AZ government to do more to diversify their economy and strengthen their Central bank holdings of Gold as best they can.
The two month timescale set by the government on the way forward for the AIMROC assets is pretty much up now.|
|Buying 18p Selling 16.77p,|
|free stock charts from uk.advfn.com|
|daft how they were offered at this price but, I'm not going to complain. If folk cant do the maths for themselves or think they can beat the MM's on short term trading, that is their lookout.|
|Did take much for a turnaround here|
|Zhockey, I promise I will get to it this weekend. I have moved out recently and believe me I have not traded for 2 weeks, no short positions at the moment. My only holding is AAZ.
Not sure I called the bottom here16.2(BUY), but very unlikely we will see these levels, Now I can buy at 17.47 and sell at 16.77p, how ridiculous is this.
|Nice reversal here !|
|have been taking more today|
|Someone took 100k at 16.5, not much stock left.
L3 showing the way.|
|Pivot point today on the FOMC announcement|
|Gold now breaking out on the hourly chart and also looks good to me on the 4 hourly and daily charts.|
|Where there you go then.|