Anglo Asian Mining Share Discussion Threads

[captain_crash_and_burn] 17/11/2015 16:23

Oh Anglo, why do you hurt me so

Has the Az prod come out or something? I assumed it had and prod was down to minus 1000ounces or something to explain the shapre price :(

[cyberbub] 17/11/2015 13:03

Possibly matjos but that's only 7 weeks away... meanwhile an equity valuation of now less than £5M does seem pretty farcical surely?

[mattjos] 17/11/2015 12:38

Latest broker note is, impo, pretty useless .. In the sense of sensible assumptions & accurate figures.I'll not reveal anything in terms of content but, it's at best a 'wait & see' note cos they seem to have no real clue as to company value or recent metrics.Absent a more frequent mgmnt commentary as to how the new plant is operating & influencing cost & production metrics, the company value looks set to continue to fall until next scheduled accounts.The departure of Bashirov should have been seized upon by management as the opportunity to bolster their newsflow but, that does not seem to be the case.Looks like we'll have to wait until January now

[bsg] 17/11/2015 12:29

Then again maybe not?

[jbe81] 17/11/2015 11:57

Great opportunity for anybody with cash

[bumpa33] 17/11/2015 10:48

horneblower - $800 widely predicted?

Really?

The only one i've seen come out with that is ABNAmro (Dec 2016)

[on target] 17/11/2015 10:32

What's the relevance of $1077?

[brasso3] 17/11/2015 10:24

I expect those few 100k and 200k trades are more to do with gold hitting $1077 this morning.

[jbravo2] 17/11/2015 09:40

Looks like somebody knows something and it isn't good

[2prsimo] 17/11/2015 09:20

Looking a sick puppy this one - bad news in the offing?

[horneblower] 17/11/2015 09:07

To put the gold price into perspective, today's price of around $1,100 an ounce is the same as it was six years ago.

But six years ago it had risen an astonishing 450% from what it had been in 2001 when the price was $250 an ounce.

Now obviously there has been some inflation, however the price of commodities is generally unaffected by inflation partly due to the increased efficiency of extraction.

If the price falls to $800, as is widely predicted in the industry, it will still be way ahead of long-term, global inflation.

[cyberbub] 16/11/2015 23:55

Horneblower I think you are too pessimistic. At $800 gold, half of world production would go offline. Demand for gold has not vanished.Just my view anyway.

[brasso3] 16/11/2015 06:54

Not yet. They do not usually release them on a monday so it might be tomorrow.

[mattjos] 16/11/2015 03:00

Have we got the mo they production figures in the AZ press yet?

[cyberbub] 15/11/2015 18:04

The technicals seem to be turning positive at the minute... 14-day RSI dropped into oversold territory and now inching northwards again... MACD looking like it's going to go positive soon...

...and even with the uncertain path of the POG* it's hard for me to understand why the fundamentals are not putting the share price at least at 10p...

...maybe it will come in the run up to the Q4 results in about 7 weeks...

GLA NAI


*personally I think at least a bounce in the POG must be due soon, after 2 weeks of relentless daily falls? Would be nice to see us back over $1100 anyway... touch wood...

Terropol, if you know the directors, have they ever considered hedging some of their production? AFAIUI the company has no hedges in operation. Hedging half of next year's production at say $1050 would seem a good move to me... anyone else agree?

[philo124] 14/11/2015 17:50

Or BT infinity in central cirencester.

[horneblower] 14/11/2015 10:13

Mattjos,
That's great.
Now if they could just provide cell-phone coverage on the M3 and rural Hampshire!

[jbravo2] 14/11/2015 09:40

Wimbled - the 102koz isn't a yearly production forecast. It is the amount of gold they have sitting around in ore suitable for the flotation plant.

[mattjos] 14/11/2015 01:35

Just wanted to prove that you can get connected to wi-fi on an Emirates A380 whilst over NW Australia and post here!

[horneblower] 13/11/2015 18:22

Sadly, I feel gold is more likely to be towards $800 sometime next year.

[wimbled] 13/11/2015 18:05

The link suggests;

1. 2016 Equivalent production 102000 oz gold (assumes Cu and Ag in the calculation)
2. Earnings before tax ($35.1M)

My maths assuming POG @ $1100 and all in Production Equivalent is 102k oz.
Gives 2016 revenue = $1100 x 102k = $112.2k.

All in costs = ($112.2k - $35.1) = $77.1M to produce 102k oz

Makes all in cost per Au equivalent = ($77.1M / 102k oz) = $755 per oz.

Looking good, we should have a sustainable business. Assuming the above is correct.