Anglo Asian Mining Share Discussion Threads

[ferries5] 14/5/2016 09:29

AzerGold’s Charter endorsed 11th May




The charter is in Azerbaijani, and unable to translate it. Tried google and ended up with a blue screen. But I wonder if this has anything to do with the recent share price rise. Or is it just coincidence .

Also the president has authorised new road building at Gedabey . does not state where to ??

[philo124] 14/5/2016 08:04

Clearing 10p with some conviction makes a great week. Clear 16p and we will be off to the races.

[zhockey] 13/5/2016 22:43

Whilst it may seem disappointing that the last two days have not held their highs, if fact I think what we have seen is intra-day consolidation as opposed to a big spike followed by a sharp sell-off. I think that is actually positive moving forward, it does also seem like someone or several parties are building a stake. The volume buyer will be on the bid so every sell on the chart is a buy for them.

[brasso3] 13/5/2016 22:28

5500oz would be a 10% increase from March so lets not be greedy!

[jeanesy] 13/5/2016 21:47

Im hoping for about 60000z too myself. The weather has been much better.

[terropol] 13/5/2016 21:31

Brasso We could well get 6000oz or more...

[jeanesy] 13/5/2016 21:07

Great week here. Shame about the re-trace again, will be pi day traders selling out and taking profit. I haven't sold a bean yet myself. Hopefully the rise has only just begun. If we get good production figures next week and a positive update at the end of the month then we will see a steady climb from here hopefully.. please!!

[brasso3] 13/5/2016 17:38

April figures on Tuesday/ Wednesday next week I expect.

I am hoping for 5500oz gold.

5500oz at 87% NRI x ($1250 - $700) = $2.6m operating profit

[zhockey] 13/5/2016 13:49

Yes but they have no mine plan to support that yet so I have assumed a modest doubling of Cu production.

[aps55555] 13/5/2016 13:30

Do you realize there are 80,000 tons that can be produced?

Assuming 75% recovery in floatation that is 60,000 tons :)

[zhockey] 13/5/2016 13:19

Hi Aps,

2000T copper rising to 4000T in 2018 and priced as a biproduct offset.

I do not use a discount factor but only consider six years of production.

[aps55555] 13/5/2016 12:56

Zhockey,

Your model seems extremely conservative for some reason.

I have a detailed model and plugging in $1,500 gives a price target over 120p :)

What is the discount rate you are assuming? How much copper production starting in 2018? Costs wil come down significantly once agitation leaching is slowed down.

Best

[zhockey] 13/5/2016 12:51

Plugging 1500 into my models gives a target of 60p, and that's based on only 50,000 oz/year after 2017.

[mattjos] 13/5/2016 12:31

Gold chart suggesting that next week could get very, very interesting.
To fit a Handle formation off a Cup, it usually takes 10-15 sessions. We're 12 sessions into that timeframe now . A break of the current small down trend followed by a break of 1290 should see it on the way to $1,500.

If Proactive put up a video of Bill's talk last night, please put the link on here someone and I'll then put it in the header with a button link, if you want.

Have a good weekend all

[jbravo2] 13/5/2016 10:51

Presumably more buys in the background (same as yesterday) i.e. yet to be published, as seems to be moving faster than data would suggest so far?

[jbe81] 13/5/2016 10:37

Gold has rebounded well today, cant see it retracing, although I wouldn't mind if it did

[mattjos] 13/5/2016 09:49

looking at that trading yesterday & various comments across the boards, there are a few smugly commenting that they sold yesterday and pocketed the gains and now waiting for a re-trace to buy back.
However, there was a buyer in size yesterday who appeared to have scooped up most if not all of that stock ... I'm not altogether convinced those now waiting for a re-trace will be so rewarded.
Bill sounds like he has done a good job and settled any nerves - just what was called for at this stage.

[celeritas] 13/5/2016 09:47

Look at that Goldcorp deal I posted last night, then look at the mkt cap of aaz.

[mattjos] 13/5/2016 09:05

Looks like nothing was said to scare the horses .. Quite the reverse, it seems.Well done Bill

[jbe81] 13/5/2016 09:05

There are 2 ways to become a mid tier producer, increase production from Gedabek, Gosha, Ordubad or find new opportunities. Obviously a new opportunity will be announced by RNS.

[jbravo2] 13/5/2016 09:00

He was asked about this, by the host, at the end of the presentation. He claimed they were at the low end of being a mid tier producer with the flotation plant now working. Don't buy that myself. I'd say they were still a small producer.

There was a bullet point on one of the slides that said the company was always looking for new opportunities. This wasn't really discussed any further.
What do you expect? Anything material would be released via RNS not via a talk to a room full of "investors"

Stay cool jbe :)

[jbe81] 13/5/2016 08:41

thanks, Snape. Any elaboration from them on how they intend to become a mid tier producer?