Anglo Asian Mining Share Discussion Threads

[bleepy] 19/12/2016 21:06

Zhockey

I'm not interested in your opinion.

You continue to pedal your agenda though, on this occasion it's completely negative. You choose your words carefully, think your being subtle whilst intending to influence and sway otherwise. Your bad news agenda continues I note.

Oh, the barren holes are being core drilled deeper than the RC drill depths. Are you still arrogant enough to question a reputable geologist. Let's wait and see the final assay results for these bore holes and others before listening to your version.

[zhockey] 19/12/2016 20:02

Mr Bleepy,

My only agenda is to understand the facts. Considering the share price is down 20% who is right?

Mr Bravo was "guaranteeing" a week or so back that folks would be disappointed if they sold and did not get back in within weeks, I imagine a few here are now disappointed they didn't sell. Is it unreasonable to ask Mr Bravo if perhaps his expectations were a little high for the immediate term news?

For what it's worth I have the same number of shares that I had before the RNS on Friday. Hence why I was dissapointed with the RNS. If the company wanted to put out good news then why release this on a Friday, and why not wait until they had a few more positive drills to even out the barren holes. I mean why even say there were 29 barren holes? I have been reading RNS for years and you can tell, like an algo, in 30 secs if it is good or bad.

Now the market will reset it's expectations and AAZ need to deliver on their talk of expanding production.

[bleepy] 19/12/2016 18:51

Interesting indeed that they are drilling to a deeper level perhaps another Gadir below this prospect.
Our new geologist has said this prospect is significant and he is excited about it. To identify an unknown prospect and of significance so near to Gedabek is testament to Stephen Weasthead's vast experience.
The method and sequence of explorative drilling being supervised by Stephen would not drill many misses without good reason. He has good reason then to drill these misses to a deeper depth than the RC drilling.
Zhockey pouring scorn on Fridays rns(with his own agenda)taken against the stature and experience Stephen Westhead holds in the industry. I know whose news and methods I prefer.

[zhockey] 19/12/2016 18:18

I was just asking

[zhockey] 19/12/2016 18:18

I was just asking

[jbe81] 19/12/2016 17:35

zhockey, as jbravo says this is just a bonus, not the big resource upgrade anybody was /is expecting, I am not sure why you though or are claiming it was.

[zhockey] 19/12/2016 17:28

Evening Jbravo, was Friday's RNS the big news you were hoping for?

A week or so back you were uber bullish!

[jbravo2] 19/12/2016 17:07

Well I'm just rolling in, after a few days away and what a kerfuffle!

I'm between both camps I guess but heavily leaning to the "good news" camp.
Clearly I'd rather there hadn't been any misses with the drill and it was open in all directions for 6km. It doesn't happen often though ;)
As it is, all the misses are just in one direction. Not an all encompassing miss from the margins as zh was possibly trying to suggest. It is still far from certain what the size of the resource is of course. It is interesting to note that they intend to drill further where the misses are to a deeper level.

And then you have to bear in mind that this is a resource that no-one knew anything about only a few weeks ago. It is, if you like, bonus gold. It would have to be uneconomic to mine to be bad news. Short of that anything, but anything, is more than anyone thought was coming from this area a couple of months ago.

As for ferries claim that we're not getting in on AIMROC's properties, I am yet to be convinced that the change in the sector in the country is over with AzerGold just taking over and running AIMROC.
It makes no sense.
Sense says these all need to be "lumped together" somehow. To be worked in conjunction. It makes no sense for AzerGold not to try to tap into our expertise and perhaps even our plant to help out. It makes no sense that the press aren't covering the progress AzerGold are making.
Look at the local press as other plants, factories, enterprises have been set up by the state. You get a running commentary. Where is AzerGold's? Perhaps it is yet to come?


Sorry jbe, that's a penny's worth of thoughts and I can't be bothered to go onto the second penny. Let's just say, I'm in.

[s0lis] 19/12/2016 12:03

I wish there was a mining engineer on the bb to explain the big difference in grades between the different drilling methods.

I think they used the circulation drilling as the ground was soft, but to use this method they need to pump down liquids that are then sucked back to surface into a settling pond. If I am correct where there is not much water they could use the liquid in the settling pond to pump back down into the drill area. Could this cause the difference in grades ??

I think that Stephen Westhead would not be putting his reputation on the line so early in his career with AAZ as to use the words "significant oxide zone" and "exciting prospect".

He has obviously discarded any further circulation drilling as future drilling will be done by core drilling.

I expect some clarification in the New Year with clearer and better news for the non mining pi's.

[ferries5] 19/12/2016 11:34

Fall of precious metals production does not slow down in Azerbaijan



56,604 + flotation production + December production = About 66000 ??? troy oz for the year.

Whatever a few Doubting Thomas's say, this company has had a great year. They have now given us a Christmas bonus of added resources and added value. as Stephen West head says the policy at the moment is to add resources, not necessarily to mine it

One slight disappointment was not obtaining any interest in Aimrocs assets, Not sure why, as I think the company were interested.

But next year if they can get reasonable production with a reasonable gold price (Still risk with the debt), This time next year it could look like a entirely different company. It should have the free money to fully explore its licence area, after all it is a production and Exploration company.

[zhockey] 19/12/2016 11:02

You mean to make it sound better than it was? :)

[timberwolf3] 19/12/2016 10:48

I think that the main thing that was wrong with the last RNS was that it could of been worded considerably better. imo

[zhockey] 19/12/2016 09:02

$60m if you include the debt

[mattjos] 19/12/2016 08:55

mkt cap is just below $30m ... that seems like giveaway price on what is known.
Don't think anyone can argue there is any speculative aspect in the valuation now

[scottishfield] 19/12/2016 08:52

Agreed Celeritas. Happy holder & happy to continue to be so.

[celeritas] 19/12/2016 08:50

The resource will be increased, let them drill the bloody grid. Does anyone have any idea of how huge aaz licenses are.

[jeanesy] 19/12/2016 08:39

Until the company proves up some 'proper' new resource then this will drift imo. Ugur was supposed to be the area most likely to do that in the short term, which is why it was drilled. Now we are left with guessing how much of a resource it is going to be .The market does not like speculation so we will just have to wait and see and hope that the next drilling news is better. With the weather so very very cold im not sure that is going to happen any time soon

[zhockey] 19/12/2016 08:32

Brasso,

I have been a holder here for a long while. One thing I have learned over the years is to maintain a balanced view and requires the digestion of good and bad news. I do not think the last RNS was bad news but it does limit the potential upside of Ugur and one has to adjust their model accordingly.

Ugur = 2moz = £1 is no longer a viable model and this is why the market sold off. Am I disappointed, yes of course. If others choose to be happy with this news then that is their business.

[jeanesy] 19/12/2016 08:11

Quite a few sales going through this am so far, price holding up so far.

[brasso3] 19/12/2016 00:40

Zhockey

has not been invested here for the past 4 - 6 weeks. It has been very obvious from his recent posting style.

[celeritas] 19/12/2016 00:05

You can easily tell who wants it to fall to make them feel right after selling.

[zhockey] 18/12/2016 23:21

If this was positive why release on "bad news Friday"?

[mattjos] 18/12/2016 22:36

I've concluded that what is causing a problem is that, unlike most other AIM listed explorers, AAZ is simply being open and straight with investors about exactly what they are doing and finding on this new resource.Most other penniless explorers on AIM are rather less straightforward with their news releases of this sort - it's almost a novelty here.We should surely be applauding this approach.Anyway, contrary to others here, I see this news as positive and look forward to hearing more.

[bleepy] 18/12/2016 21:44

And again....

The 29 RC drill holes, completed since the last release and not reported above, had results to a depth of 34 metres which were either barren or only showed mineralisation below the 0.3 grammes per tonne cut-off grade. They were located in an area of about 250 metres by 70 metres extending west-south-west from the main central mineralised zone.

It is planned to test this area by core drilling to deeper levels to ascertain its mineralisation.

[bleepy] 18/12/2016 21:38

Read again....

a central mineralised zone of 225 metres (east-north-east) by 130 metres (north-north-west) has been defined with six core drill holes completed in this area.