Anglo Asian Mining Share Discussion Threads

[timberwolf3] 03/11/2016 19:32

I guess the market wants more numbers to crunch with AAZ, today was a good step in the right direction, but i imagine it will need the resource to be substantially increased before we see a valuation similar to Solg.

[mattjos] 03/11/2016 19:22

I really do not understand the gaping valuation anomaly between AAZ & SOLG.Solomon are years & hundreds of millions of $ away from production .. if they ever get there.Yet they continue to be valued at 10x the market cap of a profitable, productive AAZ ... both sit on similar Geology resources.The market seems to be getting totally carried away with SOLG at present but, only a shimmer of enthusiasm here still.Something rather closer to £100m mkt cap here would be much more reasonable

[timberwolf3] 03/11/2016 19:18

Late reported buy 140k at 32p.

[mattjos] 03/11/2016 19:10

US dollar rate to manat has almost reached AZN 1.66The CBA informs that on 4 November the official exchange rate was set at the level of AZN 1.6590 to the US dollar against AZN 1.6490 on 3 November, AZN 1.6403 on 9 September (the lowest cost of AZN in history) and AZN 1.5610 on 31 December 2015. The rate reached AZN 1.55 on 21 December (the day of introduction of floating manat rate), and AZN 1.05 on 21 February (the day of first devaluation). As a result, from the moment of refusal from manat pegging to the dollar and introduction of bi-currency basket (on 16 February 2015) when the exchange rate was at the level of AZN 0.7844 to the US dollar, the Azerbaijani manat lowered by 2.12 times.http://abc.az/eng/news/99889.html

[jbravo2] 03/11/2016 17:53

Presenting last tonight. Darn. May not stick around.

Re 5414:

They have been drilling Ugur and Gadir with a view to making a resource estimate. They don't yet have anywhere near enough data for Ugur and will drill further in the spring unless they manage to get a Russian crew in. They're used to working through the winter apparently :D
Gadir is being drilled all the time but they mine what they have drilled pretty quickly which is making getting an estimate out difficult. They hope to be able to get an estimate out next year as well though

[ferries5] 03/11/2016 17:19

DrDre

Thanks

[drdre] 03/11/2016 16:40

From a quick search, on the link below, it states financing charges are excluded costs from AISC:

hxxp://www.ey.com/Publication/vwLUAssets/EY_-_All-in_sustaining_costs_and_all-in_costs/$FILE/ey.com_gl_cost%20per%20ounce.pdf

"All financing charges (including capitalised interest)"

That would say to me interest charges would be excluded but worth asking the question perhaps.

[ferries5] 03/11/2016 16:18

Can anyone tell me if the AISC, include the service interest on there debt.

[zhockey] 03/11/2016 15:43

Ask them:

When will Ugur be fully defined?

What their gold and copper production will be in 5 years time?

[andrewsr] 03/11/2016 15:31

Perhaps in anticipation of a resource up-date. I think the last one was Dec 2014, so would be good to know the timescale of a further up-date to the reserves, if anyone is going to the presentation this evening.

[zhockey] 03/11/2016 15:09

I'm not sure the rise from 15 to 30 was due to the aisc news

[bsg] 03/11/2016 15:02

csm..., you'll give yourself an ulcer.

[cyberbub] 03/11/2016 15:01

Remember this is AIM - any good news is *always* sold... need to wait a few days for this to be worked through...

[csmwssk12hu] 03/11/2016 14:57

Looks like gonna have to hope trump wins and gold rallies

[xcap] 03/11/2016 14:53

5409 - yes dec futures back over $1300

should see buying resume in last session

[scottishfield] 03/11/2016 14:23

Gold is recovering it's drop this morning; nearly @ $1300 again

[cyberbub] 03/11/2016 14:23

OK fair enough :-)

[crazycoops] 03/11/2016 14:16

Guys, any chance you could take the Brexit debate elsewhere - start a new thread maybe?

I agree with xcap, gold is going up medium term because of the monetary mess the world has got itself into. Therefore, I'd much prefer to discuss/read about AAZ than Brexit and I'm sure this applies to others too.

[timberwolf3] 03/11/2016 14:04

andrewsr - did you see the November presentation, below if you didn't ;


www.angloasianmining.com/media/pdf/Anglo%20Asian%20Corporate%20Presentation%2002.11.16%20FINAL.pdf

or on the companies website

[andrewsr] 03/11/2016 13:57

homebrewruss, further details of exploration status would be appreciated - extent and location of on-going drilling and resource up-date - before/after further drilling, before year end etc? Thanks for any feed-back.

[timberwolf3] 03/11/2016 13:47

Where has anyone said we are going to deport people.

[timberwolf3] 03/11/2016 13:45

You mean the extremely wealthy left leaning elitest judges should override the will of the people.