Anglo Asian Mining Share Discussion Threads

[jaspoland] 22/9/2015 07:07

Looking good

[mattjos] 21/9/2015 16:10

Russia added another 31.1 tonnes of physical Gold in August .. highest monthly purchase for 11 months.
The whole gold market seems completely non-sensical to me. There are a load of coutries buying the stuff in an effort to reduce their US$ holdings & anecdotal reports that physical demand for coins in Europe, India, China are hitting new highs. Throw in the growing risks to the global economy & the general desire to dump US$ by several large nations .. yet, the price continues to hover around 5 year lows.
Its no surprise that theories abound as to how the paper market is manipulated to maintain downward pressure on the price.
At some point in time there will surely be a direct challenge to the US$ from the likes of Russia, China & most other Emerging nations as they realise they have been shafted by the Yanks (again). Whether or not they choose Gold as part of this challenge remains to be seen but, a day of reckoning looks to be getting ever closer. Why have China decided to start reporting their Gold reserves on a monthly basis now as of May this year .. after years of silence?

[jbravo2] 21/9/2015 13:30

This is an interesting article. I'd guess AAZ could be involved but I have a few questions and I'm afraid my ignorance means I'm not so sure.
Reza was a significant figure in the Shah's govt and so I'm not sure of Iran's viewpoint on a company led by such an individual or indeed come to that Reza's viewpoint. I wondered if anyone might have a view here, possibly Terropol?
And of course there is the point of view that timings etc need to fall right. Clearly AAZ need to get Gedabek printing money first and distraction from that is not welcome.

[mattjos] 21/9/2015 11:55

when is Basher ever going to cleared out here? It's getting rather boring now

[brasso3] 21/9/2015 11:51

200k (£10k) just gone through at 4.88p.

[mattjos] 21/9/2015 11:36

highest volume day so far for two months

[brasso3] 21/9/2015 11:11

Someone just bought 150k at 4.81p. Biggest buy we have seen for a while.

[brasso3] 20/9/2015 10:19

Jbravo

I always dismiss the silver and copper when considering revenue to add a bit of conservatism but you are correct full year should be around $85m (£55m). Quite amazing that our market cap is £5m! Not a lot needs to happen here for a big change in fortunes for share holders. As discussed before if cost can come down to $700 - $800 per ounce we are in business. 2015 will have been our best year so far that is for sure.

FY revenue 2013 - $70.8m
FY revenue 2014 - $70.0m

[jbravo2] 20/9/2015 10:02

Yes Matt agree an av price so far is at least 1150, probably nearer 1200, but full year may well be 1150, depending on POG from here on in.
Production is likely to be towards top end so let's say 73k.
Add in the copper and FY rev will be over $85m.
Interims which could come this week as brasso says will add some clarity but the big shift will happen with FY results as that will start to show the flotation results.
Share price will move steeply at some point in the next 10 months and within 3 years will definitely be above 50p.
Or I'm a monkey's uncle.

[brasso3] 20/9/2015 09:43

Interims were on the 23rd September last year so maybe this week?

[mattjos] 18/9/2015 11:36

markets not at all liking the several references to the word 'uncertainty' by Yellen last night. That should be good for the price of gold

[brasso3] 18/9/2015 11:06

Gold approaching $1140...

[mattjos] 18/9/2015 10:15

going to take about 5 years for Basher to get out of his position here at this rate :-)
come on Cantor ... if you've got them to clear then, tighten the spread. 10% is daft and simply deters folk

[bsg] 18/9/2015 08:40

Brasso the 2 * 50k were a roll over.

[brasso3] 17/9/2015 20:56

I would hope so.

We have 1.3m ounces of gold reserves so at $100 an ounce that is $130m (£80m). If we take the $50m debt off that then we get $80m (£50m) which is 47p a share. :)

[mattjos] 17/9/2015 20:50

If a bidder offered that, I am fairly sure Reza would suggest he took a long walk off a short pier.

[brasso3] 17/9/2015 20:42

Matt

Good post. Agreed that 2015 revenues will be around $80m. My $1100 figure was just to throw a bit of conservatism into the mix. Also agree that CAPEX will be finished this month so now AAZ can go into debt reduction mode. If they can get OPEX down to $700 - $800 per ounce then this business starts to look ridiculously undervalued for a market cap of £5m. If a bidder offered £15m then that is 15p a share.

[mattjos] 17/9/2015 20:20

Assuming the new plant is confirmed as commissioned and running in next week's results statement, I had assumed that will signal the end of the CAPEX. It was staged payment contract with YPT so, there will be a final 'completion' payment due about now.YPT were also contracted to operate the plant to begin with .. One assumes to both 'fine tune' it & to train the staff so, I also assume that once YPT leave site, the company will be satisfied that it is operating as planned and that they can continue to do so thereafter.Given the average price of the gold sales they achieved during Q1 & Q2 and price of gold thereafter, I think we should assume an average for the year of more like $1145-$1155 .. So FY revs of $80m look more likely .... I always thought that 1xFY revs as a valuation was pretty stingy for a business to pay for an acquisition. If you look at what AAZ have achieved in terms of Gedabek development to date & what they tangibly own .. Current mkt cap is quite perplexing

[brasso3] 17/9/2015 20:13

Just 2 x 50k trades today at 4.95p and 5.00p. Things have really dried up here. News needed or the MMs need to create a market...

[brasso3] 17/9/2015 20:04

Yes for sure production number s are nice but we are in the dark until we know costs.

[mattjos] 17/9/2015 19:13

Gold looking lively off the FED decision this eve

[captain_crash_and_burn] 17/9/2015 15:27

But $77m revenue for a co. with an mcap of less than $10m is crazy. Revenue doesn't really matter though, the question is how much will the prfit be. If we can get production costs down to 80% then we would be looking at $15m profit, less the government share of profits and after ploan interest, where would this leave us? (actually while paying back the loan am i right in saying that we don't have to pay the gov share of profits?)

[wigwammer] 17/9/2015 12:53

Brasso - this number is pre the 5000oz expected from flotation. Looks good.

[brasso3] 17/9/2015 11:09

70,000 oz will only be $77,000,000 revenue at $1100 gold price!!!

[captain_crash_and_burn] 17/9/2015 10:02

Surely if we hit 70k ounces this year, we are going to see a decent profit over the year!!