Anglo Asian Mining Share Discussion Threads

[brasso3] 25/9/2015 12:20

I think it helped clear Bashirov out over the last 3 days.

[cyberbub] 25/9/2015 12:12

What sort of frenzy? I can't see anything on my mobile app...

[catsick] 25/9/2015 11:41

As far as the mine life goes They seem pretty good at replacing reserves as fast as they mine them, ie they have more reserves now than when the mine first started producing, over time it may mean that they need to truck in ore from further afield but as long as it is decent grade of over 1g per tonne this will be financially justifiable, and the 5-10g a tonne stuff they are underground mining is worth trucking 1000 kms if needed ! As far as profit goes , cash cost is a more important metric as amortisation and depreciation are not so relevant, they have a while to go before the gov take increases and that wont happen until all the loans are repaid as all relates to capex, They arecurrently paying royalties of more than the market cap each year !

[hawkivision] 25/9/2015 11:26

Hi all - I have had a look at the various presentations and followed this one for a while. It does generate large revenues vs. m/cap, although I find the operating p/l a little disappointing.

I have two main questions which wonder if anyone can add to:

1. I read that the life expectancy of the main mine, Gedabek, is 2018. Is that correct? How do people see the company being able to cover this material decrease in production and revenue? I am concerned that they may still be carrying significant debt at this point as will require ongoing capital expenditure to explore other sites.

2. Why is the cost of sales so high? I appreciate the gold price has dropped significantly but I would still expect a healthy profit to be showing when the government is only charging 12.75% as a royalty on top of other costs. I can't help but think the profit may always be quite limited as the government will start charging 51% royalty once all costs are recovered?

Interested to hear thoughts from those that know more than I.
Thanks

[mattjos] 25/9/2015 11:01

MM's know the herd are here ... They'll play on their impatience for a quick gain and see them off in the coming days

[cyberbub] 25/9/2015 10:43

Hmm. .. more odd share price behaviour... There must be another seller as I suspected, or somehow Bashirov still has a few to sell... no matter.LSE reports that the apparent 2x250k trades are actually 'cancelled' trades from yesterday, so irrelevant...NAI

[jbe81] 25/9/2015 10:08

Good volume again today, will make the shares very tightly held in the build up to q3 results

[webshares] 25/9/2015 09:55

I must admit it didn't feel like a free market, residual shares from bash I believe. Almost clear now

[cyberbub] 25/9/2015 09:36

Some very odd trading today, a small 10k trade has gone through way below the bid... I think there might be another seller, albeit nowhere near as big as Bashirov... We did get a 400k sell at 5p yesterday... anyway, patience will pay off here IMO...GLA

[webshares] 25/9/2015 09:19

He wasn't very good with his holdings RNS so we may never have it confirmed that he has is out. I think I'll get onto the company to get them to release the info.

[keya5000] 25/9/2015 08:40

Matt get a chart in the header please.

Fastest finger worked well today, the early bird feels like he's caught the worm lol...

[bumpa33] 25/9/2015 08:40

a little patience required, but this should move back to a more realistic value in the coming weeks - and that's way north of 10p if they continue these excellent results whilst paying down the debt.

[jungmana] 25/9/2015 08:39

I think 10p will be here quickly. Well done holders. AAZ is on a turn around

[webshares] 25/9/2015 08:20

Back to 10p for a start

[webshares] 25/9/2015 08:11

Looking good

[jbe81] 25/9/2015 08:09

difficult to get any online

[wrighty46] 25/9/2015 07:15

Morning all only bought in yesterday but looks well timed breaks could very easily come off today. Had researched the company a while back and good to see the turnaround here after all the problems the last year or so. GLA.

[cyberbub] 25/9/2015 06:52

Brass, now do you understand the significance of the '758' shares we were wittering on about? There is only a 1 in 1000 chance that the large delayed sell was *not* Bashirov...GLA NAI

[webshares] 25/9/2015 06:24

Brasso, cheers for the heads up yesterday, I had AAZ on my monitor for ages, but took my eye off the ball until I saw your post in tops thread, just got in there on the nick of time it seems. Well time will tell. Blue day today10p by next week ( I had a dream haha)

[brasso3] 25/9/2015 03:51

Cyber

No it did not show up on my screen. I have seen it now though. :)

PP

You should buy some AAZ. It would be nice for you to make some money on AIM for a change.

[cyberbub] 24/9/2015 23:54

Brasso, just reading back a few posts, you have seen the large 4M delayed trade haven't you? The real volume today is 6.5M shares, the highest for many years (if not ever), as far back as I can see anyway...

[piperpeter] 24/9/2015 22:48

This 'German count' of yours, Wayne.

Does he live in a large gingerbread house?

:)

Pp.

[cyberbub] 24/9/2015 21:15

Keya5000, gawaaann... you know you wanna!! ;-)

[mattjos] 24/9/2015 20:57

This is a very, very interesting read (essential for all investors I would suggest) from April 2007 & gives you a quick and cogent understanding as to just how significant Gedabek is & how well Reza Vaziri has done in securing & hanging on to the asset and bringing it to production amidst stiff Russian opposition.
Let's not forget that this is now the second time(!) that Mr. Vaziri has stumped up his own cash & foregone a salary to assist the company in getting over a short-term cash-flow hiccup in its development strategy.
Absolutely the opposite of what 99.9% of other, listed, junior miners' Directors would do in such circumstances. These are the actions of a person convinced as to the value of the equity in the company and equally convinced as to the opportunity afforded him & the company.

For those more recent investors who are perhaps less familiar with the company and its assets, Gedabek is the main producing resource but, it has several different 'names' as it were:
Gedabek: Gədəbə;y (also, Gädäbä;y, Gadabay, Kedabek, Kedabeko, Kedalek, and Kyadabek)


1 page report here:


* Chovdar, which is also referenced in the report & has a huge resource valued at circa $2,5Bn, is just 25Km away from Gedabek & is the only other producing Gold mine in Azerbaijan, although it does not report its production figures and seems, to all intents, to have dropped off the radar since 2013 for whatever reason(s)