Anglo Asian Mining Share Discussion Threads

[zhockey] 11/3/2016 16:38

Of all the risks ai would say that is probably the most unlikely to be realised. Yes some folks will be put off by the postcode but I'm more interested in the ability to make a profit, I can live with the political risk.

Look at it this way, if AAZ were located in Canada the share price would likely be 5x higher. However if the political risks are not realised then you make a 5x profit by virtue of the risk reward.

[pixi] 11/3/2016 10:31

Gold up, copper up, what's not to like.

[mattjos] 11/3/2016 10:13

The Manat still under pressure. now at 1.6456 & beginning to look like it is about to go vertical once again

[jaspoland] 11/3/2016 10:11

Looks like everyone is waiting for the monthly production report before buying more. Let's hope they deliver.

[pixi] 11/3/2016 09:42

Brokers have a target of 20p for AAZ.

[ilostthelot] 10/3/2016 22:41

Looking good for a move up to $1300 gold tomorrow in the back of the ECB cutting rates.

[mattjos] 10/3/2016 21:42

John Meyer from share price Angel on Bloomberg today

[jeanesy] 10/3/2016 20:54

Good day for POG. nothing going on here atmo. Should get latest prod fig for Feb in about a week. I hope that they are better than Jan.

[mattjos] 10/3/2016 14:15

ECB move today will persuade more people to head for gold

[zhockey] 09/3/2016 23:13

AAZ are priced to go bust IMO so if these risks don't play out and production is good the outlook is very much to the upside.

[ilostthelot] 09/3/2016 22:19

The government do very well out of the deal they have with AAZ so I can't see what dire consequences affecting AAZ as a result of having cheaper costs.

[2sporrans] 09/3/2016 21:18

As you imply Mattjos, an implosion in the value of the Manat would be so destabilising there might well be dire consequences for AAZ; particularly so if a radical change of government occurs.

Azeri diversification from Oil is very desirable.
Having said, the most immediate alternative is Gas production; this is well underway.
Obviously not that far removed from Oil though.
Having said, as the least ugly [pollutant] of the 3 Hydrocarbon sisters, it's the one with the best prospects over the next 10-30 years.
Currently, consortia are massively expanding/extending pipeline, pumping etc infrastructure through Azerbaijan and Georgia with commitment/go-ahead to pass through Turkey and S.E. Europe:
Basically, this lot:



is generating a stack of infrastructure work in Azerbaijan right now and through next 2 years or more:



OK, very peripheral to AAZ but maybe of interest?

To the [considerable] extent 20-billion m3/pa of Azeri gas exports will dent the Russian near monopoly of the East-Central European gas consumption market, it's of international significance.

[mattjos] 09/3/2016 19:45

Manat to USD set to 1.6315 for Mach 10.

Az interest rates went from 3% to 5% on Feb 15 this year ( first rise for 5 years) & then from 5% to 7% on 4th March.
The Manat was the worst performing currency in the world in 2015. This years interest rates are, so far, just slowing the currency devaluation but, have not halted it yet, let alone even started to reverse the decline in the Manat.
Must be very, very disconcerting for the population & inflation is streaking upwards in the country.

The Manat has HALVED against the US$ in the past 12 MONTHS! In the same timeframe, AAZ's mkt cap has increased by circa 12%.
Over the same timeframe, the new flotation plant has been bought online and our costs have been decreasing.
I guess the mkt is determined to wait for more financial commentary from the company at present but, there has been a rare confluence of events this last 12 months and all of them should positively affect the finances of AAZ.

That said, we should feel some empathy for the people in Az, for whom life will be very much harder & also for the management of the company, who will be under pressure right now.

The necessity to diversify the economy away from oil will never be more apparent than right now. The govt, once they get past the fire-fighting stage, will certainly be very determined to not get caught like this again.
We remain, the only gold producer in the country!

[wimbled] 09/3/2016 08:25

7.15 to sell and only 15,000 at 7.5p
must tick up

[mattjos] 08/3/2016 15:20

I'm Bid over 7p for stock online .. that last trade at 7.15 was actually a sell at over the mid price

[mattjos] 08/3/2016 15:02

not a rollover .. was me switching a small few of mine into my ISA while we are still in single figures. Hopefully can get a similarly good price to switch some more in April

[zhockey] 08/3/2016 14:54

320k was a rollover

[ilostthelot] 08/3/2016 14:46

Decent volume again today. Reckon we'll see a tick up before th end of today.

[mattjos] 08/3/2016 13:51

Total Issued Share Capital (with no shares in treasury): 112,661,102

43.917% of shares are held by Directors & Limelight, leaving 56.083% in non-notifiable hands.

Mkt Cap of £8m or $11.36m

Long way to go before fair value is even remotely reflected in the price

[jbravo2] 08/3/2016 10:51

The fifth of the 14 scheduled payments to ATB must have been made by now. It was due 25/2 and we've heard nothing so the payment which is hardest to make (due to production and weather etc) has been made without any drama.
None was expected really but satisfying all the same.

Continued manat weakness and gold strength mean this could be the transformational year.
Was kind of expecting it to take a couple of years but if we bring up 70,000oz with a margin of $500, which it now seems is entirely possible, then we'll repay the majority of the debt in one year.

We'll be 50p this time next year and receiving first dividend if that is delivered IMO.

[mattjos] 08/3/2016 10:03

USDAZN set at 162 for 9th March .. now virtually 6% above the initial devaluation level of 155 & breaking out from the recent 3 month range

[philo124] 08/3/2016 07:36

Gold $1270.

[pixi] 07/3/2016 21:31

The key thing is that AAZ is selling into rising prices. Gold is up 20%, copper is up. What's not to like?