Anglo Asian Mining Share Discussion Threads

[terropol] 21/8/2015 15:11

FibMeister, we have bought already...Some of mine are 10 years old....

[fibmeister] 21/8/2015 09:15

a lot of bullish posts..... but no one seems interested to buy. lol
says all about how bullish some posters really are here....

in d meantime picked some up at 4.9p. like last time i will sell on a good spike.

[terropol] 21/8/2015 00:26

GOLD will be KING.

[mattjos] 20/8/2015 23:03

What a time to be bringing on-stream Gadir & the new flotation plant.

[cordwainer] 20/8/2015 18:35

With the way gold price is holding up lately, even if cost of production doesn't drop at all this share looks dirt cheap. Only have to avoid earthquakes, plague, war and any kind of famine imho.

[mattjos] 20/8/2015 13:23

Kaz forced to devalue its currency, the Tenge, by 23% today v the USD as a consequence of the weakness of price of oil.
I wonder is Az govt will be forced into further devaluation of the Manat, given it is also very dependant on price of oil

[brasso3] 20/8/2015 07:09

Unstoppable! §1142 just for a few minutes.

[brasso3] 20/8/2015 05:39

$1138. Where to today. Is that big rise mentioned in the article I posted upon us?

[brasso3] 19/8/2015 21:24

Nearly $1135 now! :)

[brasso3] 19/8/2015 20:56

Before the interims would be nice.

[mattjos] 19/8/2015 20:53

It really comes down to whether, with the return of the Technical chappie to Gedabek and more informed selection of ores into the necessary processing mechanisms, they have really got on top of costs and at same time managed to increase production.Was 2014 a 'one-off' year? I can't see costs going back to the $650 level as those were based on predominantly heap leaching higher grade ores to get the ball rolling at Gedabek, so to speak.A 20% annual increase in production accompanied with a 10% reduction in cost would be a terrific result, giving:72,342oz produced at $873Ramadan is over and next common dates for AZ holidays are 3rd week in September so, seems reasonable to expect the new plant will targeted to come on stream ahead of that 3rd week in September .. Any time in next 4 weeks is my guess

[brasso3] 19/8/2015 20:47

$1133... Up $16 on the day.

[brasso3] 19/8/2015 20:47

Worth a read if you have given up on gold:-

[mattjos] 19/8/2015 20:39

It's very, very difficult to predict much at all.FY12 .. Produced 50,215oz @ $668/ozFY13 .. Produced 52,107oz @ $626/ozFY14 .. Produced 60,285oz @ $971/ozSo far this year they have managed a good run of monthly production, well ahead of last year and look on target to hit the FY guidance but, we know nothing whatsoever about the cost of production other than the currency boost this year. Cash is clearly very, very tight as they are deferring salaries and the CEO has offered up a cash loan to see them through to start of next year. The Going Concern statement makes that very clear but , also leads one to believe that mgmnt very much see 2015 as the peak of this current borrowing/investment phase & I refuse to accept that Reza will be persuaded to do much more than focus on maximising operational efficiencies and seeing their (& his) debts reduced asap after the new plant comes online.

[brasso3] 19/8/2015 19:56

I think a $100 reduction in overall production cost is significant.

It will probably take 3 to 6 months to calculate the costs of the floatation plant and iron out any flaws.

[wigwammer] 19/8/2015 19:20

"The market needs clarification on the currents production costs."The market needs clarification on 2016 costs, using the flotation apparatus.The key point is - whether costs drop $100 or $300, the outcome is significant for a co trading at a snip sales multiple.

[brasso3] 19/8/2015 18:01

$1130 briefly!

[brasso3] 19/8/2015 16:52

$1129... Very lively today.

[brasso3] 19/8/2015 14:58

Gold at $1128...

[mattjos] 19/8/2015 14:49

Gold B/out

[brasso3] 19/8/2015 12:32

The market needs clarification on the currents production costs. This is understandable IMO but when that information gap is filled you will no longer have the opportunity to buy at 5p.

[jbe81] 19/8/2015 11:25

As I said before, good time to accumulate shares.

[wigwammer] 19/8/2015 11:18

His view is that of the market.I'm very pleased joe bloggs doesn't get it.

[jbe81] 19/8/2015 10:58

Think Matt understands the stock as well as anybody, the point is the market doesn't understand the stock.