Anglo Asian Mining Share Discussion Threads

[jeanesy2] 28/11/2015 08:59

Price has done well to stay above 5p considering the price of gold has dropped so much this week. I can see POG falling below 1000 which will not be good here !

[brasso3] 28/11/2015 08:11

Is anyone planning on attending this on the 7th Dec?

[mattjos] 26/11/2015 14:08

They don't seem to want much in the way of trading. 14% spread is just plain daft.

[cyberbub] 26/11/2015 12:30

Means someone is still willing to sell below 5p though... sigh... hopefully they will be finished soon...

[cyberbub] 26/11/2015 12:25

Ahaha! There is the reason for the tick down.. It *was * a tree shake.. someone has bought 200k... not a huge amount in monetary terms, but not bad considering the illiquidity in AAZ...

[cordwainer] 26/11/2015 11:53

Or

(C) I've got no spare cash to top up with.

[cyberbub] 26/11/2015 11:40

Interestingly the sell-side liquidity has just improved, I can sell 200k in one go, whereas for some days I haven't been able to sell a sausage. Meanwhile the buy-side has reduced, can only buy 100k now (at 5.1p). Is it some sort of tree-shake?

[on target] 26/11/2015 11:30

I think it's maybe a lack of awareness of the changing prospects (in which case for those who are aware this should be a buying opportunity before the rest of the market cottons on) combined with the wide spread putting off potential buyers.

[cyberbub] 26/11/2015 11:12

It is hard to understand why we are still at 5p given the prospective cashflow, and as pointed out, there is little buying.I can only assume that either(A) investors believe that metals prices are going to fall rapidly in 2016 to the point where the company becomes unviable.Or(B) there is something going on behind the scenes we don't know about. NAI

[jbe81] 26/11/2015 08:51

Think it is more due to the lack of buying. AAZ release a positive RNS and there were only 2 buys. If £))k shares were bought a day for a week with no selling, I dont think Cantor would be keeping it at 5p

[mattjos] 26/11/2015 08:44

Just a thought but, perhaps Bashirov's need for cash was so great that he sold his stock out to Cantor, off market, for a highly discounted price (2-3p maybe) & in fact Cantor are still dribbling it out into the market & content to take 5p'ish for it all.I assume such a thing is possible. Otherwise am unclear as to why Cantor remain glued to the sell side and from where they have the stock .. Unless they are simply shorting it.

[cyberbub] 26/11/2015 03:23

Yes cheers for all the posts and info Mattjos!

[bleepy] 26/11/2015 01:15

Mattjos

Complex to say the least but feedback very much appreciated as is invitation for queries/questions.

[mattjos] 25/11/2015 23:09

I don't have all the answers. I do try to maintain some contact with the CEO by email &, given that he is a very busy chap, I can advise that he is good at replying to emails & is very passionate about the company and its prospects.I do know that least one investor who reads this thread and occasionally contributes is going along to the presentation next week.Maybe those with questions, put them up here & the person concerned can take those along to the presentation. It's his/her decision as to whether or not they reveal themselves.I know the person concerned & can act as a conduit to post up the answers, if necessary.Any unanswered questions thereafter, I will put to Reza directly by email.Does that sound sensible to all concerned?

[mattjos] 25/11/2015 22:58

What must be a significant positive is the 'waste' from the Agitation plant, rather than simply flowing to the tailings dam, is now going through a secondary treatment process. It has already been crushed and is in a slurry format when it arrives at the flotation plant ... The two plants throughput have been broadly matched so the primary Agitation plant can continue to run at its intended throughput.As the company has advised, just like their SART plant, they are a 'world first' in what they are doing at Gedabek.We are extremely lucky to have Professor John Monhemius on the board .. He is very much the unrecognised brains behind much of what AAZ are doing &, if you search around, very, very highly regarded around the world.What should also be appreciated is that the company is gathering together a highly competent and knowledgeable team .. One that will be increasingly able to profitably mine more and more of the company assets as they are opened up.

[mattjos] 25/11/2015 22:49

It's likely hard to call & I doubt the company will even know at this stage.All they can do is run the process, collect the concentrate and ship it on.No doubt, once the buyer further refined the Copper (as per process in previous post) they will feedback to AAZ the net results of the process .. Clearly, it is & will be, a significant factor in AAZ determine the optimum running of the circuits. They will need to factor in energy & reactant costs & balance against the buyers Treatment & Refining charges.I would suggest, at this stage, we none of us know ... Company included.Like any new process, it will become the subject of management tweaking as the feedback loop matures.

[mattjos] 25/11/2015 22:39

Rambler ship steal copper concentrate (Ticker:RMM)

[on target] 25/11/2015 21:46

The last RNS gives a figure for 62 wet tonnes (48 dry tonnes) albeit 'before processing costs'. Using this figure, the initial weekly production (implies it will be increased) of 150 wet tonnes would yield $11M/annum.

[cyberbub] 25/11/2015 21:34

It would... I am probably sounding a bit thick above... I just haven't really owned mining shares before where the output was concentrate, they have mostly been goldies with their own processing plant... or potless explorers LOL...

[bleepy] 25/11/2015 21:07

Perhaps Mattjos is best placed to approach the company and have them clarify queries raised. It would be nice to have precise figures to apply to the floatation plant output as it ramps to design capacity.

[cyberbub] 25/11/2015 20:05

Sorry if I am getting confused - it's easily done with me! lol

[cyberbub] 25/11/2015 20:02

The reason I ask is that Mattjos said a couple of days ago that he thought the concentrate would realise a price 50% of spot copper, per ton. But he didn't provide any examples to show why.

[cyberbub] 25/11/2015 19:54

Ferries thanks for that.Take a look closely at the figures in the middle. 5kt p.a. of contained copper! So in fact it *is* not that far off the 20 tons per day we were bandying around a few days ago!I appreciate that selling a ton of copper in concentrate form is not at all like selling a ton of solid ingots. It has to be transported all the way to Switzerland and then refined... I suppose that it is only 19% pure (I assume that includes the gold and silver credits) so it will be inefficient to transport. Do we know how it is transported - is it by truck? I don't know whether there is a feasible rail route, but that would clearly be cheaper.Does anyone know of any comparators for copper miners currently producing concentrate similar to our contained percentage, and how much the refiners pay for it at their gate?

[ferries5] 25/11/2015 07:47

Company News
Anglo Asian Mining* (AAZ) 5.25p, Mkt cap £5.9m – First flotation concentrate shipment completed
• Following successful commissioning in Oct/15, flotation plant has produced 125 wet tonnes of copper concentrate through Nov/15.
• The Company shipped 62 wet tonnes of flotation concentrate to Industrial Minerals SA on 22 Nov/15.
• The remainder to be shipped this week.
• 62wmt (48dmt) shipped contained 8.9t copper, 27oz gold and 1,275oz silver implying 19% Cu grade in the product.
• Sales proceed to be received on 4 Dec/15.
• The plant is in a ramp up stage and is expected to run at 150t concentrate per week (7.8ktpa or 1.4kt Cu using 19% grade) until production is steadily increased towards the design capacity of 90tph (35ktpa or 5kt Cu on our estimates).
• Annual gold production guidance narrowed to 72-74koz in FY15 from 70-75koz forecast previously.
Conclusion: The take up of the flotation concentrate is a positive news given the fact that the share of copper contained in total revenues is set to increase moving forwards. We expect concentrate revenues to account for around a third of total sales proceeds in FY16-17 from <10% in FY14-15. We are looking forward to the progress of flotation plant processing rates ramp up which would be instrumental in improving cash generation of the business and reducing outstanding debt (net borrowings stood at US$51.0m as of Q3/15).
On a separate note, Oct production numbers released by the State Statistics Committee last week showed operations at Gedabek yielded 6.7koz gold during the month taking the total for Jan-Oct/15 to 60.8koz (72.9koz annualised). The news suggests operations remain on track to hit management guidance.
*SP Angel acts as Nomad & Broker to Anglo Asian Mining. share price Angel analysts have visited the Gedabek and Gosha mine sites