|Anglo Asian Mining
||EPS - Basic
||Market Cap (m)
Anglo Asian Share Discussion Threads
Showing 26101 to 26123 of 26125 messages
|Yep let's see if the monkeys come in and hammer gold back down as they wouldn't want this to be seen as gold positive.
In theory gold and the dollar should both rise in tandem as the Euro will be slaughtered.
Joining the dots this really could be the beginning of the end of the Euro and EU. One reason why I voted for Brexit!!|
|No surprises that Renzi has lost the vote in Italy. Not even close it seems, on a relatively high voter turnout. Will he now fall on his sword, as promised & therefore open the door for M5S and eventual ITEXIT?Should see some strength returning to gold this week & may be sufficient of a risk to delay US rate rise on the basis of wider risks in the global economy & yet more strength in USD|
The Daily looks very good|
|Blimey Hectorp. I remember you from EEN days. Have you bought here yet.|
|That November head and shoulders pattern seems to have completed.. very close watch.|
|Watch closely on Sunday evening. A vote of no confidence would pave the way for an Italian It-exit vote next year and ultimate end of the Euro and EU.
Should be gold positive if the vote does go that way.|
|We all surely know that the key is to prove up further resources at Gedabek. This will keep ALL stakeholders very happy ... The government, the company & the shareholders.Further identified resources are likely to be poly-metallic, to some greater or lesser degree. What the last few years have surely proven (since first production at Gedabek) is that the company is very successful at innovating and developing methodologies to profitably process the ores.This assembly of knowledge and experience in the company is second to none in the country.|
It does not work like that. Once AAZ recover there expenditure through the 87% production Quota at Gedebey, the split comes into force 51-49%, regardless of the debt AAZ has.
The Government and AAZ meet regularly to discuss the work programme, and the Gov being the majority shareholder will only allow expenditure if it is in there interest to do so. If you owned 51% of a company would you allow your partner to take 87% of the profits.
Why are people are so hung up on the 87%. It does not go into there pocket, it only goes through AAZ,s books who give it to the banks .
It is only when they have recovered all costs and very little debt will they have disposable income. The board then decide what is to be done with that money.
|Brasso, they will first need to prove up significant increase in resources.|
|We have had this discussion before about the debt. Now it is down to manageable levels they do not need to reduce the debt further. They need to expand the mining operations with further investment to maintain the PSA payments at 87%. They need to grow the market cap of the company and increase revenue so the debt to marker cap ration gets smaller. $30m (£22m) debt to a company with a market cap of £100m (100p a share) is nothing. This is where AAZ will be in a years time.|
What I meant was, assuming they had another good year in 2017. For 2018 they would be in a position to service and reduce the capital as well. On the silver and copper production|
I think the copper and silver production is already capable of servicing the debt repayments.
160,000oz of silver at a price of $17/ oz
1700 tonnes of copper at $3000 / tonne.
160,000 x 0.87 x $17 = $2.3m
1700 x 0.87 x $3000 = $4.4m
I am sure they will make $3m - $4m profit on the copper and silver production in 2017. $32m debt going into 2017 at 12% interest rate is $3.8m in repayments for the year.|
|Bill Morgan on Proactive.
Forecast end of year debt of $32 million, one more good year reguired, then it should be able to finance its remaining debt on the copper and silver production alone. + comprehensive drill program for next year.( fingers crossed)|
|Yes, ends the week on a good note. Next week may bring some further relief, let's see.|
|free stock charts from uk.advfn.com|
|Good end to the day, poised to go higher next week|
|Can go up as quickly as it fell here|
|H&S looks complete.|
|If gold on the bounce this quite a cheepie.|
|net debt @ 30/9/16 was $37.7m
I take off the $3.9m owed to Reza Vaziri from the figure as he is clearly going to leave that there for as long as is necessary to ensure the well being of the company he owns 30% of.
So, $33.8m payable to commercial lenders.
Another $2.467m will have been paid to Amsterdam Trade Bank in November, leaving debt to commercial lenders of $31.333m ... assuming they did not pay off any other principal to other lenders since 30/9
Every month that goes by the interest burden is being lowered.
One of the 4 payments to ATB in 2017 has been funded by the $2.5m savings from the electricity connection alone !|
|Bought some more as well, but had to buy in 2 lots, supply getting tight ?
My buys not showing yet.|