Anglo Asian Mining Share Discussion Threads

[jbravo2] 17/8/2015 09:03

I make it 6700oz, but close enough for no difference.
I "think" costs will be below $900 and about to fall further with the new plant.

[wimbled] 17/8/2015 08:58

Well done AAZ. On target for 75k oz. All in cost must be near to $950 or below.

[brasso3] 17/8/2015 08:41

The full year projection is 70,000 - 75,000oz.

At 42,600oz for the first 7 months of the year they are on target for this. Another 27,400 - 32,400oz required for the remaining 5 months. That will require an average monthly gold production of 5480 - 6480oz for the rest of the year. With the floatation plant about to come online I think they should get beyond 75,000oz.

Edit:

Looking back at 2014 the quarterly figures were as follows:-

Q3 - 16,100 oz
Q4 - 17,000 oz
H2 total - 33,100 oz

Again this indicates that the target (75,000oz) will be met comfortibly.

[jbe81] 17/8/2015 08:38

on track for 75,000+oz for the year.

[brasso3] 17/8/2015 08:32

I was expecting 7000oz for July so a bit below my expectations.

[jbe81] 17/8/2015 08:29

6668oz for July

[brasso3] 17/8/2015 08:28

Deleted

Just realised that the article from jbe was giving figures for combined precious metals (gold + silver).

[brasso3] 17/8/2015 08:25

Gold production in Azerbaijan from January to July (7 months) confirmed at 1325 Kg. That converts to 42,600 troy ounces which averages 6085oz before the governments share. This represents a 30% increase on the same period for 2014.

In the last quarterly update 2015 H1 production was 36,000oz.

[jbe81] 17/8/2015 08:20

hxxp://abc.az/eng/news/main/90173.html

[wigwammer] 14/8/2015 15:13

Three things likely to propel the price upward:1. An all-in cost of production figure from the company which is likely to be significantly lower than last year.2. The end of the apparent forced selling of a previously large holder.3. An end to the current round of Capex and the start of a sustained period of debt reduction.:)

[mattjos] 14/8/2015 14:56

pog is not something the company can influence in any way. It can influence the other 3 points I raised

[divmad] 14/8/2015 14:47

Point 4. The little matter of the falling pog.

[mattjos] 14/8/2015 13:33

what on earth made you suggest that wigwammer?

[brasso3] 14/8/2015 13:31

Agreed, when this does move it will go fast and there will not be many sellers below 8p. Azer news should give us the July production by monday so will have something to talk about then.

[jbe81] 14/8/2015 13:27

All good points Matt, however if aaa do find someone to take Bashirovs stake there won't be many shares to be had below 10p, so a good opportunity to accumulate shares at this level.

[wigwammer] 14/8/2015 13:25

I suspect mattjos has offloaded more aaz over the last month than bashirov.

[bsg] 14/8/2015 13:23

point 2. MM's know what they're doing they'll offload his shares somehow.

[mattjos] 14/8/2015 13:15

cap now $8.6m Brasso. Despite that seems little buying interest in the stock.

Three things are holding it back, imo:

1. The lack of an All-in cost of production figure from the company. I have assumed they will reveal this once the flotation plant is running and they are able to calculate it.

2. The presence of Bashirov and his stock to sell. No one wants to buy knowing that overhang is there. Buyers will simply wait for it be shifted rather that be the ones to keep chipping away at it for no immediate increase in value.

3. Update on the flotation plant having been completed & successfully commissioned and therefore an end to the current round of Capex and the start of a sustained period of debt reduction

That pretty much leaves the odd seller and their sells likely to have an unduly large influence of the price as the MM's don't want to hold the stock either - for all the same reasons.

It's down to the company really to come up with some meaningful figures regarding the cost of production & to try and find A N Other to take on Bashirov's stock and see the back of him.

[brasso3] 13/8/2015 13:31

Should get the production update for July between tomorrow and monday. At $1120 average gold price that is total revenue for the month as follows:-

7000oz = $7.8m
7500oz = $8.4m
8000oz = $9.0m

AAZ market cap = $9m

[andrewsr] 13/8/2015 08:27

Demand on the rise

[brasso3] 13/8/2015 06:59

Yuan down for the third consecutive day.

[mattjos] 12/8/2015 15:41

This chap is more right than wrong in his forecasts and he put this out recently:



This move by China may prove sufficient to defer US$ interest rate rises and bring in another round of uncertainty. Sept into October very often a time for some event or another to cause markets to react violently.

[brasso3] 12/8/2015 13:49

Look like we have a new factor in the equation with China now looking to devalue its currency. Maybe the kickstart the gold needed.

[terropol] 12/8/2015 11:32

With China devaluing currency... it makes a proper war on who remains competitive on exports... That will make central banks job on upping rates difficult, That is why Gold is recovering I think.
Also if you are a rich Chinese Person, holding gold is a good hedge on Yuan's decline.
China was busy when their prices were low...last couple of years price/quality no longer a one way bet.
I say game on.