Anglo Asian Mining Share Discussion Threads

[jeanesy] 23/2/2016 20:54

I will but the weather in feb has been much colder than it was in jan so if the figure is purely down to the weather then we will again get some disappointing figures in feb. The flotation plant was built to negate this weather effect , so I believe an explanation is needed. Why have we still had no news about the manat devaluation and the effect on costs ? .. surely they could have been worked out by now and they will re-assure people who want to invest here.

[highly geared] 23/2/2016 20:51

Judge performance on three months (Q1) , not one. Too much short term angst here.....POG is rising , oil prices (costs0 are low and exchange rate favourable. Give it a chance...

[jeanesy] 23/2/2016 20:37

Very disappointing news. It does need an explanation. The weather has not been too severe imo. I have been following and posting on it. There is some mild weather forecast soon which will help but I was hoping and expecting for 5800 so this figure is very poor. Just when I thought we were turning a corner here.. sadly this company does seem to to disappoint far too much . Im hoping this is just a blip and that copper and silver figures are much better.

[bleepy] 23/2/2016 19:23

· Gold production for Q4 2015 totalled 17,930 ounces with 12,996 ounces from the agitation leaching plant, 4,593 ounces from heap leach operations, 6 ounces from SART processing and 335 ounces from flotation (Q3 2015: total 18,164 ounces)


Gold production from heap leach operations account for 34% of Q4 production.

Seasonally cold weather greatly affects the heap leach process. It has already been demonstrated that January gold production figures are lower for this reason. The weather factor probably accounts for the lower output.

As for the flotation plant contribution, thats only just been commissioned so tweaking is to be expected before consistent output.

[mattjos] 23/2/2016 18:58

The Dow remains firmly entrenched in a downtrend & gold is acting, after a long long time, as one might expect.Up on Dow down days & vice versa .. Dow chart continuing to make lower highs and lower lows .. Gold doing the opposite.Now Carney at the BOE has joined the 'more likely have to cut rates this year than raise rates' club.For all the media tosh on the economy .. The fundamentals re wholesale stocks relative to sales remain awful.CEO commentary from Blue chips like CAT & Schlumberger are quite clear .. Current trading is extraordinarily poor & forecasting is virtually impossible. Companies are having to trade on a day to day basis, even companies that size.Here be dragons! A good stash of gold is making greater and greater sense to more and more folk. Best get it now before NIRP & cash controls wash over the developed world

[mattjos] 23/2/2016 18:43

New plants rarely startup per plan & the ore at Gedabek is not straightforward.Recovery of one element is often hampered by an abundance of another valuable element & that balance will change from one zone to another.You can't extrapolate for the year on the basis of one month.A poor Jan simply means they have to do more in the next two months to remain on schedule.That will get easier as the temperatures rise.As gold approaches $1300 so eyes will surely switch to Chovdar and other assets in the country.Net result for Jan, given POG & manat devaluation, likely to run out same as Jan 15 so, hardly need for panic at this stage.

[brasso3] 23/2/2016 17:44

As February is a short month I would only expect 5000 - 5500oz. Obviously an average gold price above $1200 for the month will mean it is a productive month.

I agree AAZ seems jinxed but the lack of communication does not help.

[jaspoland] 23/2/2016 17:41

Am I the only one that thinks this company is Jinxed? Just when everything looks to have lined up they have one of their poorest months for gold in recent times. We now have to wait another month to see if it was a one off. Having said that the price held up well and gold is looking strong again.

[philo124] 23/2/2016 17:29

Well let's hope the monthly production increases as the POG goes up.

[zhockey] 23/2/2016 16:46

It could also be the ore, maybe they had a lower grade zone, the reason why they update qtrly is to even out month by month variations.

[jesus405] 23/2/2016 16:16

January 2014 3231 ounces, January 2015 5520 ounces, January 2016 4356 ounces. Not a great start. Wonder why they didn't show them till today. Normally it is around the 18th. Earliest I have seen them published was the 15th and latest was the 20th, in the last couple of years. Production costs should be much lower though and zhockey is right they have never commented on an individual month before, they'll blame the weather probably on the quarterly update. I haven't kept track of the weather.

[mega_trader] 23/2/2016 15:29

Gold going mental. think the morning sellers better buy back before $1300. Always going to backfire selling at these levels imo.

[gary38] 23/2/2016 15:05

Gold rising again.

[martincc] 23/2/2016 14:20

Checked back through news for AAZ,
Q4 update was on 14/1/14 15/1/15 15/1/16
Q1 update was on 14/4/14 14/4/15 so assume mid April this year

What update were we expected this week?

[homebrewruss] 23/2/2016 14:05

Also a few public holidays in January which may have had an effect
hxxp://www.timeanddate.com/holidays/azerbaijan/

[terropol] 23/2/2016 14:03

January is never been a good month...

[wilk1] 23/2/2016 13:47

I don't think there's a lot of stock around at present. This could finish up ?

[on target] 23/2/2016 13:04

Anyone tried emailing the company (e.g. Bill) about January's production?

[zhockey] 23/2/2016 10:38

Well the crux is whether this is transitory or structural. We will have to wait another month to find out. Anyone followed the weather this month?

[mega_trader] 23/2/2016 10:34

I think the improved gold price AND improved production costs AND currency offset any dip in production number. Some are over reacting.


I'll buy at 4p if it gets there (doubt it) or add more as gold rises and if this flatlines.

[zhockey] 23/2/2016 10:07

They have not commented on single month figures since the mine opened ans I doubt they will start now.

[brasso3] 23/2/2016 10:03

Hopefully these January numbers are only down to bad weather but the company needs to make that clear.

[brasso3] 23/2/2016 09:49

gary

The production costs in 2015 were $736 per ounce with monthly production averaging 6000oz. If production drops then the costs per ounce will go up. I agree that the Manat devaluation is not accounted for and I think most on here agree that will bring costs down to $600/oz providing production is maintained at last years levels.

[gary38] 23/2/2016 09:43

Brasso The way l see it with gold price up 20% and production costs down profit must go up .