Anglo Asian Mining Share Discussion Threads

[mattjos] 14/1/2016 09:23

they do now look extremely well set for the forthcoming year. That silver production in the 4th Quarter, both from Agitation & Flotation was a huge step upwards.

Q4 silver production (Ag + Fl combined) ..... 17,710 oz

against a previous total for Q's 1 to 3 ..... 10,916 oz

Q4 silver production was actually 56.8% of the entire FY14 !

That's incredible

[philo124] 14/1/2016 09:23

Whilst the market is awaiting I've topped up by 142%.

Thanks to all informed posters and their posts.

[drdre] 14/1/2016 09:11

Very good production update and upbeat commentary but the financials are what we all want to see, I would wager. Net debt is down, the fact the loan was extended to July is a big plus. I would suspect the market is awaiting the flesh on the bone, so to speak.

[cyberbub] 14/1/2016 08:50

Me too jbe. Annoying.

[jbe81] 14/1/2016 08:45

Probably better to read it from the link

[jbe81] 14/1/2016 08:44

Cyber full RNS from the website, on my advfn only have part of it with more to follow written at the end

[mattjos] 14/1/2016 08:39

Cyber .. We still await news on the projected financial benefits to the company of the Manat devaluation

[bleepy] 14/1/2016 08:31

Significant grades processed by agitation leach plant in Q4/15 as Gadir ramps up its gold output....

-- 28,819 tonnes of ore with average gold content of 7.71 grammes per tonne from the Gadir underground mine was processed by the agitation leach plant in Q4 2015. For FY 2015, 37,880 tonnes with average gold content of 7.98 grammes per tonne was processed

[cyberbub] 14/1/2016 08:31

The RNS says 'more to follow', has the extra appeared anywhere yet?

[ferries5] 14/1/2016 07:47

More or less faultless RNS, Money is tight( to be expected with the work they have done last year) Flotation plant running 80% capacity. No mention of fund raising.
See what the market makes of it.

[mattjos] 14/1/2016 07:46

Pretty much bang on where I had hoped they would be for production!Well done everyone there. Terrific achievement over the year.Silver from flotation coming in significantly higher than I had anticipated.I very much like the wording of Reza's forward looking sentence!

[bleepy] 14/1/2016 07:22

Excellent rns...



More to follow.....

[mattjos] 13/1/2016 20:09

Markets are a horror story at present so no buyers generally .. But, watch gold go now in coming days & weeks.The rout is starting to accelerate .. What looks safe?Bonds? No Equities? NoOil? NoForex? Lottery at presentGold? I think so. Silver? YupThe Fed has really made a complete hash of things. It's raised rates just as the USA rolls over into a recession but, it won't change its mind now. It has to get rates up somehow to create some room for cutting them again, for when we see a far worse repeat of 07/08 in the coming 12 months.

[jbe81] 13/1/2016 19:31

Well put jbravo

[hedgehog33] 13/1/2016 19:08

With you on all that jb....

[jbravo2] 13/1/2016 16:58

Absolutely I am jbe! There is no chance of me leaving.
I see no reason to sell whatsoever.
I predicted the share price should be materially different in 12 months back in July. I still see no reason for that not to be the case. Having said that I would have expected for it to be higher already but our seller clearly is responsible for where we languish at the moment. Undoubtedly he is a distressed seller as I'm sure many in that part of world are at the moment.
I am patient (good job) and will wait for the large rewards. Reza's confidence (demonstrated by his money) is worth a hundred RNS's or 1000 differently timed RNS's.
This doesn't seem to be a binary bet any more. I no longer fear AAZ failing to make meaningful profits the devaluation alone has seen to that. Never mind the fact we have a shiny new plant.
We have a balance sheet that won't be ignored for much longer. The assets will soon start to be valued a little more realistically.
As I said, I can wait.

[jbe81] 13/1/2016 16:30

Yes but it is not like they decided to roll over the loan on that particular day, or maybe they did and am giving management too much credit.

Somebody took 3million shares around 4p last year, so could understand them selling, but thought that last year when there was persistent selling. All will become clear. Tiny amount of sales for todays fall, great buying opportunity.

[mattjos] 13/1/2016 16:19

Don't forget that Reza is not always in Azerbaijan .. he has family and a house in USA so, if he is in USA on a day that news is due for release, it may be that they need to get him to ok it before release to the market.

We can only guess where the stock is coming from but, it would not be the first time stocks drop just before news .... its AIM and scheduled news releases are sometimes seen as each way bets by some people.
On balance, it remains Cantor who are the seller of stock though.

Scheduled news in the next couple of days and then the monthly production update in the Az press next week.

$8m mkt cap now!

[jbe81] 13/1/2016 16:00

JBravo are you still here and holding?

[jbe81] 13/1/2016 16:00

Some interesting points, only thing I am very critical off AAZ is there PR. What are peoples thoughts on timings of RNS s released by AAZ, for me they release far too many after 7am. How many people saw the last one? (Did the company consider it bad news and want to hide it?)
Gold moving up again and consider AAZ today to be an absolute bargain. Matt can't understand the supply of cheap shares, hopefully cantor are short. Cant see it last big volume on the next RNS, and if the company could come up with some other big news could be very interesting.

[ferries5] 13/1/2016 15:57

looks like someone wants out before the update.???

[ferries5] 13/1/2016 09:49

Proactive Investors. share price Angels View of the last RNS



Anglo Asian Mining* (AAZ LN) 5.0p, Mkt Cap £6.1m – CEO and major shareholder extends the loan to the Company
• Reza Vaziri, AAZ CEO and major shareholder (29%), agreed to extend the US$4.0m loan to the Company.
• The Company drew US$3.9 under the loan agreement.
• According to former loan terms repayment date was 08 Jan/16.
• New maturity of the loan is currently being renegotiated.

Conclusion: We see the provision of the loan and its respective extension by the CEO as a vote of confidence of top management and major shareholder in the Company.
Cash generation at Gedabek is expected to significantly benefit from by-product revenues from the recently commissioned flotation plant designed to re-process agitation leaching plant tailings and a respective c.50% depreciation in the USDAZN exchange rate last year (26% in Feb/15 and 32% in Dec/15).
*SP Angel act as Nomad and Broker to Anglo Asian Mining