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Anglo Asian Share Chat - AAZ

Share Name Share Symbol Market Type Share ISIN Share Description
Anglo Asian Mining LSE:AAZ London Ordinary Share GB00B0C18177 ORD 1P
  Price Change Price Change % Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.13 -2.44% 5.00 4.75 5.25 5.13 5.00 5.13 33,355 08:49:01
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 43.6 -9.2 -6.3 - 5.63

Anglo Asian Share Discussion Threads

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Brasso, I will try to to to the Miningcapital conference....But will be in London from tomorrow to attend Mines and Money conference....see how I get on with timings. Another good company there will be BKY. I assume the FD will be doping the presentation. AAZ not attending Mines and Money this year, it costs a lot of money...and they are looking after costs.terropol
Why is that?on target
Price has done well to stay above 5p considering the price of gold has dropped so much this week. I can see POG falling below 1000 which will not be good here !jeanesy2
Is anyone planning on attending this on the 7th Dec? Http://www.miningcapital.com/conferencesbrasso3
They don't seem to want much in the way of trading. 14% spread is just plain daft.mattjos
Means someone is still willing to sell below 5p though... sigh... hopefully they will be finished soon...cyberbub
Ahaha! There is the reason for the tick down.. It *was * a tree shake.. someone has bought 200k... not a huge amount in monetary terms, but not bad considering the illiquidity in AAZ...cyberbub
Or (C) I've got no spare cash to top up with.cordwainer
Interestingly the sell-side liquidity has just improved, I can sell 200k in one go, whereas for some days I haven't been able to sell a sausage. Meanwhile the buy-side has reduced, can only buy 100k now (at 5.1p). Is it some sort of tree-shake?cyberbub
I think it's maybe a lack of awareness of the changing prospects (in which case for those who are aware this should be a buying opportunity before the rest of the market cottons on) combined with the wide spread putting off potential buyers.on target
It is hard to understand why we are still at 5p given the prospective cashflow, and as pointed out, there is little buying.I can only assume that either(A) investors believe that metals prices are going to fall rapidly in 2016 to the point where the company becomes unviable.Or(B) there is something going on behind the scenes we don't know about. NAIcyberbub
Think it is more due to the lack of buying. AAZ release a positive RNS and there were only 2 buys. If £))k shares were bought a day for a week with no selling, I dont think Cantor would be keeping it at 5pjbe81
Just a thought but, perhaps Bashirov's need for cash was so great that he sold his stock out to Cantor, off market, for a highly discounted price (2-3p maybe) & in fact Cantor are still dribbling it out into the market & content to take 5p'ish for it all.I assume such a thing is possible. Otherwise am unclear as to why Cantor remain glued to the sell side and from where they have the stock .. Unless they are simply shorting it.mattjos
Yes cheers for all the posts and info Mattjos!cyberbub
Mattjos Complex to say the least but feedback very much appreciated as is invitation for queries/questions.bleepy
I don't have all the answers. I do try to maintain some contact with the CEO by email &, given that he is a very busy chap, I can advise that he is good at replying to emails & is very passionate about the company and its prospects.I do know that least one investor who reads this thread and occasionally contributes is going along to the presentation next week.Maybe those with questions, put them up here & the person concerned can take those along to the presentation. It's his/her decision as to whether or not they reveal themselves.I know the person concerned & can act as a conduit to post up the answers, if necessary.Any unanswered questions thereafter, I will put to Reza directly by email.Does that sound sensible to all concerned?mattjos
What must be a significant positive is the 'waste' from the Agitation plant, rather than simply flowing to the tailings dam, is now going through a secondary treatment process. It has already been crushed and is in a slurry format when it arrives at the flotation plant ... The two plants throughput have been broadly matched so the primary Agitation plant can continue to run at its intended throughput.As the company has advised, just like their SART plant, they are a 'world first' in what they are doing at Gedabek.We are extremely lucky to have Professor John Monhemius on the board .. He is very much the unrecognised brains behind much of what AAZ are doing &, if you search around, very, very highly regarded around the world.What should also be appreciated is that the company is gathering together a highly competent and knowledgeable team .. One that will be increasingly able to profitably mine more and more of the company assets as they are opened up.mattjos
It's likely hard to call & I doubt the company will even know at this stage.All they can do is run the process, collect the concentrate and ship it on.No doubt, once the buyer further refined the Copper (as per process in previous post) they will feedback to AAZ the net results of the process .. Clearly, it is & will be, a significant factor in AAZ determine the optimum running of the circuits. They will need to factor in energy & reactant costs & balance against the buyers Treatment & Refining charges.I would suggest, at this stage, we none of us know ... Company included.Like any new process, it will become the subject of management tweaking as the feedback loop matures.mattjos
Rambler ship steal copper concentrate (Ticker:RMM)mattjos
The last RNS gives a figure for 62 wet tonnes (48 dry tonnes) albeit 'before processing costs'. Using this figure, the initial weekly production (implies it will be increased) of 150 wet tonnes would yield $11M/annum.on target
It would... I am probably sounding a bit thick above... I just haven't really owned mining shares before where the output was concentrate, they have mostly been goldies with their own processing plant... or potless explorers LOL...cyberbub
Perhaps Mattjos is best placed to approach the company and have them clarify queries raised. It would be nice to have precise figures to apply to the floatation plant output as it ramps to design capacity.bleepy
Sorry if I am getting confused - it's easily done with me! lolcyberbub
The reason I ask is that Mattjos said a couple of days ago that he thought the concentrate would realise a price 50% of spot copper, per ton. But he didn't provide any examples to show why.cyberbub
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