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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Anglo Asian Mining Plc | LSE:AAZ | London | Ordinary Share | GB00B0C18177 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 61.50 | 60.00 | 63.00 | 61.50 | 61.50 | 61.50 | 35,329 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Miscellaneous Metal Ores,nec | 84.72M | 3.66M | 0.0320 | 19.22 | 70.26M |
Date | Subject | Author | Discuss |
---|---|---|---|
20/4/2017 15:14 | Buy price here falling all the time, now below mid so every buy ( like the 100k one at 18.75) is looking like a sell. How low is this going to go short term ? That is 2 x100k buys today. Is someone accumulating. Lots of pi's selling but perhaps someone is accumulating after all? | jeanesy | |
20/4/2017 14:07 | Maybe Azergold said sort out you own house first and prove you know what you're doing? | zhockey | |
20/4/2017 09:12 | From strategy update..... Flotation treatment of ore prior to leaching now underway to process ore stockpiles with high copper content and to improve flexibility of processing operations. Is is just coincidence that flexibility of processing sulphide ore with high copper content is configured and AzerGold, national gold mining company of Azerbaijan, orders a feasibility study (FS) of mining of sulphide ore field Chovdar. AAZ have the knowledge, plant and exhibiting the process by recent reconfiguration. Slam dunk I'd say. | bleepy | |
20/4/2017 08:48 | Will we find out anything then? Will there be anymore tenders announced? | jbe81 | |
20/4/2017 08:46 | Unless some completely new entity enters the arena (without the local knowledge that we have) AAZ still must be considered in the hunt for Chovdar.At the AGM last year, the BOD made it clear they were working on it but, at same time, would only get involved if/as/when the asset had been 'cleaned up' so to speak.AZERGOLD looks to be doing this via the tendering process.I still think we should not exclude 'an arms length' negotiated agreement between ourselves and the state for Chovdar later this year | mattjos | |
20/4/2017 08:08 | Does anyone know how much gold there is at Ugur ? | jeanesy | |
19/4/2017 21:45 | CSM, what you describe requires additional capital which can come from cash reserves or debt. AAZ have access to neither so have to choose how best to deploy existing resources. | zhockey | |
19/4/2017 21:28 | Having had more time to digest the results I still think there is far too much uncertainty here. The move to mine at Ugur makes sense as it seems there is so much uncertainty now about the mine at Gadir. Has the gold run out or will the drilling prove it is deeper down or somewhere else within the mine? How much gold is there at Ugur? What about the drilling that has been taking place , when are we going to get those results? The company has been sensible doing what it has done and mining the stockpiled ore but as to the future we know less now than before. The company is in the hands of POG short term .It seems like 1300 will not be breached and short term this appears to be heading down so i think the shareprice here will follow suit. Long term , much depends on drilling and what it finds and where . I had hoped the situation here would be much clearer after this update, sadly it isn't imo. | jeanesy | |
19/4/2017 19:02 | Lucky it's not you running the company | jbe81 | |
19/4/2017 18:48 | Yes but if one mine is profitable you would leave it running and invest in new machinery and staff and run two, what you are suggesting is if tesco had a store making money but thought another store could make more money they would close the first one and move the tills and staff to the second store, no they wouldn't they would equip the second store and have two profitable stores , I also like the way they quote new figures in gold equivalent ounces further hiding the decline in production, so if the new mine is unprofitable in 12 months time are they going to move all machinery back ? | csmwssk12hu | |
19/4/2017 12:35 | I expect debt will drop by about 12m this year - same as last year. All going well... | unionhall | |
19/4/2017 12:04 | ferries5 The open pit and Gadir have been temporarily suspended as per strategy update.. Ore mined from the open pit has recently had a lower gold grade and a higher percentage of copper than ore previously mined. It was therefore decided to carry out an extensive programme of exploration and production optimisation to better understand the distribution of copper in the ore body and to define the resource and reserve. Mining will therefore be temporarily stopped in the open pit in Q2 2017, and during the remainder of 2017 approximately 15,000 metres of drilling will be carried out, in furtherance of this programme. It is anticipated that mining from the open pit will recommence in Q1 2018. Mining of ore from the Gadir underground mine was suspended in February 2017. Extensive underground exploration is being carried out and development tunneling undertaken. It is expected that mining of underground ore will recommence in Q4 2017. Any ore mined from Gadir during this exploration and development phase will be stockpiled for later processing. To provide ore feed to the processing plants for those periods when ore is not being mined, the Company will process its current extensive stockpiles. Approximately 50 per cent. of the ore processed by the flotation and agitation leaching plants in Q1 2017 came from stockpiles. This stockpiled ore was blended with mined ore to ascertain the suitability of stockpiled ore for processing. Stockpiled ore also has the additional advantage of being a lower cost feedstock. The temporary cessation of mining in the open pit will enable the heavy earth moving equipment used in the open pit to be redeployed. The fleet will be used for transporting ore from the stockpiles and also for the road building and other development work necessary to bring the Ugur deposit into production as an open pit mine. It is expected ore will be mined from the Ugur open pit mine in Q4 2017. | bleepy | |
19/4/2017 11:37 | Zhockey If they get the debt To 19 mill they will do well, drill programme, water plant, + Uger to be developed will all cost money this year. Rileyma The quicker the psa kicks in the better, Only then will they be producing profit for the shareholders. Not Banks and equipment manufacturers | ferries5 | |
19/4/2017 11:29 | Riley, post PSA AAZ should be making $30M a year free cash flow which is more than the current Macao, that is not so bad is it? :) | zhockey | |
19/4/2017 11:24 | We are a Gold, Copper & Silver miner. The split is not and has never been mandated & from which part of our estate we obtain each is up to us.The % contribution from each will always be variable as a function of the ore mined.Reporting in Gold equivalency was something I kept on about last year & pleased to see it is now happening.It should make it easier to understand the overall business for investors. | mattjos | |
19/4/2017 11:20 | Psa will kick in too ?😞 | rileyma | |
19/4/2017 11:17 | Ferries, they said the objective is to expand production. Either way you look at it the reality is that by the end of this year they will have close to no debt and a $200m plant. Everything they produce will be free cash flow. Also they have what $250m of copper reserves? At 20m Mcap The glass is more than half full I would say! | zhockey | |
19/4/2017 11:16 | It's not a question of if the glass is half full or half empty, more like how many glasses there are | jbe81 | |
19/4/2017 11:04 | That's the problem, Now they have closed down the open pit and Gadir, Will they reopen, It depends on the results of drilling, (the word (anticipated commencment of production creates doubt) I knew the grades were getting lower and they would have to do a comprehensive drill programme, but it happening so soon after telling us they could produce 70000 oz for the next 4 years (15 month ago) Just not sure if the glass is half full or half empty | ferries5 | |
19/4/2017 10:50 | They can produce 55k without mining anything this year, the costs will be very low and they can utilise the workforce and machinery to get Ugur up and running. Then back to two pit operations next year. I suspect they will find at least one more Gadir type deposit under the Gedebek pit. | zhockey | |
19/4/2017 10:33 | CSM, I answered that yesterday. To run both pits they would need to spend $10M on new kit and hire more staff. In addition by halting mining activities they are able to drill 15000m arround the pit and look for new Gadir type deposits. | zhockey | |
19/4/2017 09:15 | If it was profitable they would run both at same time it's obviously no longer profitable | csmwssk12hu |
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