Anglo Asian Mining Share Discussion Threads

[jesus405] 20/5/2016 01:52

Don't wanna get too much bogged down in figures but... Jan 135.5 kg gold = 4356 oz,Feb 134.1 kg gold = 4225 ounces(rounded to nearest ounce), March = 5591 ounces as 14172 for quarter minus Jan and Feb, April = 5024 ounces (597.1 kg Jan-April -14172 ounces for first quarter.) So Jan 4356, Feb 4425, Mar 5591, April 5024. Could be wrong but it has tallied before. Of course Copper and Silver to be added to this to get a true reflection of production. SART + Floation Plant has stopped being a little bit on the side revenue wise and now is becoming a real asset.

[ferries5] 19/5/2016 22:32

There is something going on in the gold scene In Azerbaijan but no idea if aaz are involved.

[celeritas] 19/5/2016 18:34

hgm kept going up even when gold was falling or hanging around.
I'd like to see what takes place regarding Chovdar, surely with the Panama papers the president isn't going to risk having his daughters own the majority of it never mind let it sit idle. The longer that goes on the longer it'll take to start up.
Hopefully aaz are in the frame after running what is now it's only producing gold mine in the country.
Surely Aliyev will also want to stop the discontent in the area by paying the locals and also giving them work at a operating mine.

[jeanesy] 19/5/2016 18:07

Another poor day for POG. Not sure what the catalyst will be to steady the ship. Buys far outweigh sells here today but another 6% drop. The intra day high last week was somewhere in the region of 13.5p wasn't it so we have dropped quite alot since then. Time for a top -up anyone or do we have further to fall?

[zhockey] 19/5/2016 00:54

Gold is dropping as I expected, it needs to get closer to the 200SMA. The driver last week was retail sales, this it's FED tightening, remember also the poor NFP number did not help gold a jot. Gold wants to naturally move lower to consolidate with the 200 SMA.

[celeritas] 18/5/2016 21:51

As Brexit, Trump Multiply Global Risks, Gold Seen at $1,400

[mattjos] 18/5/2016 20:17

Not sure what the fuss is all about. Figures came in pretty much as I had expected and now the optimum months are just ahead of us.At risk of being repetitive, it's May's figures released mid June when I expect the big improvement to be apparent.The Fed is desperate to try and raise rates but, June? Just ahead of the U.K. Vote on Europe? That seems rather adventurous. I would have thought July earliest, assuming of course the markets do not now have another panic and drop from now until then.Results, AGM, operations update & Q2 figures, at least, still to come here in the next 9 weeks or so.

[jeanesy] 18/5/2016 19:28

Seems like the market wasn't too impressed though. What were they expecting ? Seem like good enough figures to me. perhaps the fall in POG was the reason. Gold not looking very strong a the moment despite what some on here think.

[aps55555] 18/5/2016 18:39

I am pretty excited by April's production figures. They produced 4,356 oz in January, 4,225 oz in February, 4,802 oz in March and 5,814 oz in April excluding gold in concentrate from SART and Floatation. One of the main reasons for April boost is the higher amount of ore mined at Gadir due to expansion of the fleet. Also, in Q1 2016 the Company processed ore in Agitation leaching plant with a grade of 1.84 from Gedebek open pit mine by my calculations. Gadir and Gosha ore raised the average grade to 2.93. The agitation leaching plant is supposed to process ore with an average grade of 3.29 from Gedebek open pit only. Therefore, there is a lot of high grade ore that needs to be processed for the rest of the year from Gedebek open pit. Add to that the higher amount of ore from Gadir due to fleet expansion, they can easily match their guidance for 2016. April figure increased my confidence level to over 95% for them to meet their guidance. Before April production I was at 49% :) Best

[brasso3] 18/5/2016 16:36

If 5800oz is correct and we assume an additional 200oz from flotation production:-

5800oz x 87% x ($1250 - $700) = $2.87m operating profit

[brasso3] 18/5/2016 15:01

19194oz for Jan - Apr. better than I expected.

Not a great month and they need to make something big happen in May - Sept if they are to make the 73,000oz FY target.

They need to average 6750oz per month now for the rest of the year.

[ferries5] 18/5/2016 11:38

-- Gold production for Q1 2016 totalled 14,172 ounces with 13,383 ounces contained within gold doré, 12 ounces from SART processing and 777 ounces from flotation

[aps55555] 18/5/2016 11:30

Ferries,

My calculation gives production of over 5,800 oz plus floatation production.

For the first four months gold dore production is reported to be 19,200.

First quarter dore production was 13,400. Therefore, in april they produced 5,800 oz.

[ferries5] 18/5/2016 10:56

Azerbaijan sharply increases silver production



About 5022 oz.April . 19194troy oz for 4 month +April Flotation say 400 oz?? Would put them on target for there bottom estimate if they maintain Aprils production

[wrighty46] 18/5/2016 08:06

Yup your right matt and a few more.

[mattjos] 17/5/2016 21:18

They tried to smash gold down yesterday in the paper market with a huge sell ... Less that 24 hours later and gold now challenging that same level.Paper is losing control to physical & now Soros has gone in big on gold.How much more evidence to folk need to see the direction of gold this year?The newest hint of the Fed tightening again has the markets in a mess. They're only trying to buy themselves some room ahead of the next round of stimulus.I have no idea why the USA markets keep defying the underlying data at this stage. The world seems to be inching closer to the precipice, yet the central banks keep trying to suggest all is well. They seem to be treating everyone as the frog in the slowly warming saucepan of water

[mattjos] 17/5/2016 20:09

Too big position @ £27k for bed & ISA.More likely a T trade rollover

[wrighty46] 17/5/2016 20:00

Is more than likely a bed and isa. IMO .GLA

[brasso3] 17/5/2016 17:20

275k at 10.77p?

[cordwainer] 17/5/2016 17:12

looks like any offer under 12p attracts buyers. were the green trades sells?

[jbravo2] 17/5/2016 15:00

I'd be hoping for over 5500oz

[brasso3] 17/5/2016 12:26

Matt

Same here. I am expecting 5200 - 5500oz for April excluding Flotation plant production.

[mattjos] 17/5/2016 11:47

Am not expecting any pick up in production until May's figures come out in June.Will take time for the heaps to warm up.We've had a good run & MM's need to rebalance .. Should be easy for them to gather some in during the lull

[brasso3] 17/5/2016 11:32

I guess the production number are now known hence the drop.

Same thing happen most months with AAZ.

They will be released tomorrow I am sure.