Anglo Asian Mining Share Discussion Threads

[zhockey] 24/2/2016 15:30

Back in 2008 everyone was long gold and gold miners, about the exact opposite this time arround.

[ilostthelot] 24/2/2016 15:20

Gold acting as it should store of value & flight to safety. Funny when the markets tanked in 2008 everything went down , gold as well.
That was some time buying in start of 2009 I held several gold miners back then.

Kind of feels like it's going to be as good this time if not better. AAZ to over £1 if gold goes up close to $2000 in the next few years.

[mattjos] 24/2/2016 15:12

Breakdown for the Dow and S&P & FTSE

[jbe81] 24/2/2016 14:59

Suprised there is not more buying, once resourceful is gone this will be well over 10p

[on target] 24/2/2016 14:52

Breakout for gold.

[jaspoland] 24/2/2016 13:58

Looks like a coiled spring

[mattjos] 24/2/2016 13:45

gold ripping along now

[jbe81] 24/2/2016 13:40

looks like gold will break out, very hard to buy any volume here,

[zhockey] 24/2/2016 11:24

Will gold break out or double top, has the dow double bottomed, or is it forming a head & shoulders? Will be an interesting few weeks ahead.

[gary38] 24/2/2016 11:15

Gold pushing moving up again possibly take out new heights and on towards 1300.

[wilk1] 24/2/2016 11:14

5.85p to sell 100k at present.

[jbe81] 24/2/2016 11:01

resourceful, looks like you will get 7p for your shares soon enough

[mega_trader] 24/2/2016 10:30

Going for gold as oil plummets.

[jbe81] 24/2/2016 10:09

spread stopping any action here today

[mattjos] 24/2/2016 10:03

looks to me on the chart like another big move up in gold is pretty imminent now

[jbe81] 23/2/2016 22:25

Don't think the wether is the main factor. But share price doesn't look like it is dropping below 6p

[mattjos] 23/2/2016 21:24

Jeansey .. The flotation plant was not built to negate the weather. That is an anticipated result of its introduction.It was built as a third method of processing the complex ore such that recovery rates can be increased whilst simultaneously reducing reagent costs used in the agitation plant.You need to give it time .. Try to figure it out for yourself:Changing ore makeup with varying gold, silver and copper content (oxide and sulphide)Do you heap leach it then SART?Agitation then SART?Agitation then Flotation?Flotation then agitation?Each of the possibilities needs to be evaluated in real-life and then the results matched against incoming ore to determine the optimum process. They'll get there

[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.