Anglo Asian Mining Share Discussion Threads

[highly geared] 01/4/2017 09:37

It feels to me AAZ have a constant geological battle and the considerable plant expenditure has been a reaction/ response to geology/ mining challenges rather than planned development. That they've done this without diluting shareholders is rare on AIM.
For the market to truly re- rate AAZ they need:
- updated resource/ reserves model ( that shows the gold is there @ 70-80k/ annum for 10 years
- to deliver consistent quarterly production ( it seems shareholders are in a permanent state of anxiety around production).

It's been mentioned many times but the PSC and 32% profit tax will always be a drag on price; it's time they got a better deal out of the govt.

I hold

[ferries5] 01/4/2017 08:43

Mattjos

You missed out solicitors

[terropol] 31/3/2017 23:46

Hi Zhockey, I am confident Jbravo and Matt are on our bus...
I keep adding when I can, like I keep saying, £20m valuation is ridiculous.
It should not take to much change of sentiment to push us more near £80 to £100m.
Just think how much time and money it as taken to build what is now a considerable mining plant, in a country where we remain to date the sole gold producers.
Have a good week end all.

[zhockey] 31/3/2017 17:14

My money's on Catsick & Terropol now that Jbravo and Matt have lost the faith.

[cannonfodd3r] 31/3/2017 14:16

I wonder who......

[jbe81] 30/3/2017 18:33

Very interesting.

Other tenders:



Not sure exactly what azergold do, looks like they need somebody to do everything. Even more interesting.
This certainly seems to be the level that somebody is prepared to buy any shares available. Somebody thinks AAZ is a very good buy at this level.

[jbravo2] 30/3/2017 13:07

The patient seller is being met by even more patient buying. Often out of hours. Interesting.

And AzerGold are now tendering for the treatment of their sulphide ore. So they've got sulphide eh? How much? What grade? Who could help them?
Interesting.

[cannonfodd3r] 29/3/2017 10:47

I expect an announcement on Ugur soon, just because it's cold doesn't mean they will stop drilling, they will have Russian drillers no doubt using enclosed rigs so won't have stopped. 35 BH's, couple of days per bh, I'd guess it was completed some time back and report is currently being compiled. If there's good gold there they will want to get into it ASAP and not wait till next winter.

It will be out either before Q1 results or with them I suspect

[mattjos] 28/3/2017 21:33

they are still trying every trick in the book to stop gold going over the key $1,250 level because everyone can see, technically, how that opens the door for a higher high this year and a subsequent move to $1,300 & beyond.

The weather is now good enough for a resumption (if indeed the winter caused a curtailment) of the exploration at Ugur. The data they did have would have been modelled during the intervening time and given locations for subsequent drills.

The weather now may not be perfect as in the summer but, is good enough for rate of process flows to be back to near normal, even if extraction rates may not yet be optimum.
Pity we don't have a naturally exothermic process.

I often think about what cost-effective measures the company might employ to warm the process but, given the incoming tonnage at external ambient temperature, I cant think of anything :-(

[brasso3] 28/3/2017 20:12

It will be nice to get the Q1 numbers (mid April) and see what the target is for 2017 with regards gold, silver and copper. It might be too soon for exploration news as I think that will be in Q3.

[redtrend] 27/3/2017 16:04

It's not limited to AAZ. Shanta, Acacia, Randgold and Centamin are all pretty flat. A lot of miners aren't following gold up and haven't been for a while.

It's like investors aren't believing the gold rally will last and not plunging in to miners like last year?

Be nice to punch through 200 dma

[zhockey] 27/3/2017 15:01

Bit worrying this is down when gold is rallying.

[el_duderino_7885] 27/3/2017 14:12

Dollar yen has broken key support at around 111!

Plus the Trump narrative trade seems to be collapsing.

Dollar index also breaking down.

This move in gold in the next fed months should see us re-test gold's highs of last year of around $1,380.

Should we go higher than that we'll have had higher lows and higher highs and a new gold bull market looks like a strong possibility.

[jbe81] 27/3/2017 13:50

Doesnt look like Azergold will be doing anything themselves.

[jbe81] 27/3/2017 09:32

Interesting article, nothing to do with AAZ but very relevant after Trump lost the healthcare vote

[jbe81] 27/3/2017 07:36

Gold flying

[jbe81] 25/3/2017 07:54

Interesting chart showing US debt, US debt limit and price of gold.

[mattjos] 23/3/2017 15:40

They will dump hard on gold to stop it breaking 1250

[jbe81] 23/3/2017 12:58

Gold moving higher, should see some more buying here

[terropol] 23/3/2017 09:59

Well done Matt.
Now lets all look forward to the spring production and hopefully brilliant drilling news.

[cannonfodd3r] 23/3/2017 07:58

I saw straight through it Matt personally but increased my holding massively thanks to you driving an anticipated dip even lower! Assuming you sold before your announcement at between 25-27p and got back in dub 20 I'd be happy, well I am, just dont hold as much as you!

[zhockey] 22/3/2017 23:09

You are a good egg after all Matt, all is forgiven.

You are right about anxiety, it can drive you nuts, literally.