Anglo Asian Mining Share Discussion Threads

[zhockey] 16/6/2016 15:12

Looks like gold is being held back

[golla] 16/6/2016 14:35

Volume approaching 1m.bodes well.

[golla] 16/6/2016 14:30

20p could easily be reached quickly.

[jeanesy] 16/6/2016 14:01

Figures seem pretty solid to me . Hoping for strength in POG and then news on debt reduction in July. Perhaps the next news will be at the AGM on the 27th June? Still holding firm here for further gains.. please !!

[celeritas] 16/6/2016 13:53

Stock getting tight again, 11k available online.

[celeritas] 16/6/2016 13:48

ok jbravo, I did read that link a few days back, must have found it myself.

[bleepy] 16/6/2016 13:39

Topped up on news of May production figures.

Q3 will see new sag mill installed and increase throughput of floatation plant.

The new equipment recently installed at Gadir will increase recovery of high grade ore.

pog heading north as is silver and copper.

[jbe81] 16/6/2016 12:38

Looking good for a return to 40p by q3 here now, without any game changing news beforehand.

[brasso3] 16/6/2016 12:35

Comparing the above to Q1 2016:-

Production = 14,172oz
Gold price = $1164
Revenue = $14m - $15m

Revenue has increased $7m - $8m on the quarter!

[brasso3] 16/6/2016 12:28

Q2 figures should see 19,000oz of gold at an average price of $1250.

19,000 x 0.87 x ($1250 - $700) = $9.1m

With silver and copper on top of that that quart should exceed $10m in profit.

Revenues will be around $22m for gold, copper and silver.

[jaspoland] 16/6/2016 12:24

Well done AAZ. Everything now lining up nicely.

[golla] 16/6/2016 12:22

And also not to forget silver and copper.

[ferries5] 16/6/2016 12:22

19000 + was the highest Q if I remember correctly

[brasso3] 16/6/2016 12:18

I expect that Q2 2016 will be AAZs best financial performance in its history.

[golla] 16/6/2016 12:16

We are going to have some juicy numbers very soon hopefully.

[brasso3] 16/6/2016 12:13

784 Kg = 25,200 oz for Jan to May.

With the Flotation plant gold that is an average of >5300oz per month so far this year.

Updated: May production figures:-

6300oz x 0.87 x ($1250 - $700) = $3.01m profit!

[brasso3] 16/6/2016 12:10

I think 6300 - 6400oz then as a total.

Moving forward each month now. Not long before we get some 7000oz months at this rate.

[jbravo2] 16/6/2016 12:03

The other links had no mention of disposal AFAIAA celeritas.


Anyway it looks like its 6020oz for May then (plus gold in copper flotation)
So perhaps 6400 oz. Pretty good.

[ferries5] 16/6/2016 11:56

Not sure if this is accurate. I think the Jan to april is just a misprint. i should read jan to May

Silver production increased 5 times in Azerbaijan

16 June, 2016 12:16


Gold production decreased by 13%
Baku. 16 June. REPORT.AZ/ Azerbaijan produced 784,3 kg of gold in January-April, 2016. It is by 13,1% less compared to the same period last year.

Report informs referring to the State Statistical Committee, stocks of finished products amounted to 46,9 kg.

According to the official report, the volume of silver production increased 4,7 times and made 162,3 kg. Stocks of finished products amounted to 23,7 kg.

In Azerbaijan, gold and silver mined in the framework of the PSA (Production Sharing Agreement), signed on 21 August 1997. The agreement includes the development of six fields: in Nakhchivan - 1 Gadabay - 2, Kalbajar and Zangilan- 3, which are currently under the Armenian occupation. Azerbaijan's share in the contract is 51%, share of the British company "Anglo Asian Mining Plc." - 49%. First gold production in Gadabay field began in 2009.

[celeritas] 16/6/2016 11:35

The link was on the thread a couple of days back, it's what everyone was on about.

[jbravo2] 16/6/2016 10:32

"At present, the CJSC is passing a state registration through the “single window” system of the Ministry of Taxes, he said, adding that simultaneously, the talks have been held with foreign companies on acquisition and disposal of the assets."


First explicit mention I've found that some of the assets might be disposed of.

[brasso3] 16/6/2016 09:49

May production estimate:-

6000oz x 0.87 x ($1250 - $700) = $2.87m profit!

[jeanesy] 16/6/2016 09:43

Volume seems to be picking up here. Just need solid production figures now!!

[mattjos] 16/6/2016 09:34

Glad to hear your maths on the share price dovetails with most others here, CSM

[csmwssk12hu] 16/6/2016 09:32

I think it's market cap is that small very few people notice it, potentially this year it could make its market cap in one go, even if because it's small it got an pe of 8 this could rise to well over 100p