Anglo Asian Mining Share Discussion Threads

[on target] 26/2/2016 14:04

Copper doing well.

[ilostthelot] 26/2/2016 08:48

Cheers I'll have a look.

[ianguerin] 26/2/2016 05:48

Ilostthelot - oiler AMER may interest you

[bleepy] 25/2/2016 23:26

During Q4 2015, the Company processed 148,240 tonnes of ore (FY 2015: 576,879 tonnes of ore) with an average gold content of 3.51 grammes per tonne (FY 2015: 3.44 grammes per tonne) through the agitation leach plant.


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

[zhockey] 25/2/2016 22:36

I don't buy that myself, I don't believe the board would go for that approach.

[brasso3] 25/2/2016 21:25

aps

I think you have ht the nail on the head there. They were obviously under pressure to hit the 2015 full year target and may have exhausted all the 'easy high grade ore' available during those final weeks of the year. This in combination with the weather has resulted in a very poor January. Hopefully February will be back on track to take advantage of the higher gold prices.

[ferries5] 25/2/2016 19:34

That is the mine workers at Chovdar. A different company altogether, Nothing to do with Anglo Asian

[goodgrief] 25/2/2016 18:02

Bet this lot aren't working too hard...

hxxps://www.occrp.org/en/daily/4856-azerbaijan-gold-mine-workers-protest-lack-of-salary

[zhockey] 25/2/2016 17:26

Thats better, gold going up with dow and showing some independent will.

[zhockey] 25/2/2016 16:10

Was the weather still bad in feb?

[mattjos] 25/2/2016 16:07

and/or kept some back in January in the reasonable expectation of higher Gold prices in February.

You may well be right Aps but, I would imagine that management focus is likely more on debt repayment than market guidance.

In any case, Spring is not far away. The snow will go and temperatures will rise, giving better overall performance

[on target] 25/2/2016 15:28

Yes that sounds very plausible.

[jaspoland] 25/2/2016 15:15

APS, I think you're spot on

[aps55555] 25/2/2016 15:10

Dear All,

Here is my take on the January 2016 production shortfall:

First of all, the production update hit the local newswires in Azerbaijan on Friday 19th. I was surprised that the english translation took 2-3 days to be posted in various websites.

Coming back to the January production. The Company reduced their initial 2015 gold production to 72,000 oz to 74,000 oz late in November. The Company has a terrible track record of hitting their guidance in the past. The new CFO seems to be doing a fairly good job in keeping things in order. Therefore, he did not want the Company disaappointing the investors going forward and the Company produced 72,032 oz in 2015 barely meeting the low end of their guidance.

For those of us who follow monthly production report from the Statistics Committee of Azerbaijan in October the Company produced 6,710 oz and in November they produced 4,890 oz. Everything depended on their December production to meet their 2015 guidance and they managed to produce 6,327 oz in December.

It is a common practice in gold mining to treat the high grade ore when it is necessary and keep the low grade ore for later. It seems like the management chose to treat the high grade ore in December and left the low grade ore for January. Also, it is very easy to manage production each month and do not pour all the gold in a given month to manage expectations. I again believe the management poured every single oz in December to meet their guidance.

These are my thoughts.

br,

[gary38] 25/2/2016 13:06

Gold futures up 120oz since start of year and this is where the money is going.

[ilostthelot] 25/2/2016 10:59

Thanks Matt& Gary.
Maybe a little early for oik investment yet but definitely worth researching some companies with a view to buying in this year.

Stock is tight here that's for sure.

[on target] 25/2/2016 10:38

And presumably if shares change hands during those auctions we should see UT trades?

[mattjos] 25/2/2016 10:33

on target ... those times don't seem right to be honest but the overall process is correct. There is always one at 08:50 for example

[gary38] 25/2/2016 10:29

Gold price moving up steady towards 1300 as concerns widen of possible looming recession leaving gold as a safe haven for investors spreading their risk, where as in the past investors would put there money in saving accounts which today has no investment logic.

[on target] 25/2/2016 10:29

Thanks Mattjos, so the auctions are at 8am, 11am, 3pm and 4:35pm.

[gary38] 25/2/2016 10:22

Oil might have bottomed out but l think it's to early to start buying into oil companies until demand starts out stripping supply and glut starts declining. Storage and transport costs are going up making investment harder to justify .For the uk it's cheaper to import oil than to get oil out of the North Sea .

[mattjos] 25/2/2016 10:18

AAZ trades on SETSqx - Stock Exchange Electronic Trading Service - Quotes & Crosses.

Look up how SETSqx works on Google and you'll find plenty of info on how it works.
More here:

[on target] 25/2/2016 09:50

What times are the auctions Mattjos? Can you see these on standard level 2?

[mattjos] 25/2/2016 09:28

no problem ilostthelot .... no thoughts on oil myself. still so many geopolitical catalysts around the world to make me feel that oil has even bottomed yet.

Over 1m on the morning auction here today at prices form 6 to 6.5 .... first sign of a seller in size is at 7p before the chunk at 10p.
Slowly the bid is rising. All the sings remain in the auction and not trading outside that period