Anglo Asian Mining Share Discussion Threads

[homebrewruss] 31/8/2016 11:26

..actually I think the lower target was 73,000 but my figures above are close enough so I'll leave them as they are:


They stated a range up to 77,000 just last month so even with the poor July you would hope they had scope to meet the lower bounds of their forecast - assuming poor production does not continue.

[homebrewruss] 31/8/2016 11:13

@brasso how did you work out your figures?
I have:
Total til end July:
33,837 ounces in H1 + approx 4,974 in July = 38,811oz

Production required for rest of the year:
72,000 - 38,811 = 33,189 (or 6,638 for each of the remaining 5 months).

So they need to do what they did in H1 in the remaining 5 months from the beginning of August.
But maybe I'm missing something?

[jeanesy] 31/8/2016 11:12

If they did Brasso3 that would be a PR disaster and it would not go down well with the market at all for reasons I have outlined before. Having said in July that the forecast would be met and not having said why the July production was so poor a few weeks later to come out and then to come out and say the yearly figures would not be met a few weeks after that would be very poor indeed + inexcusable!!

[brasso3] 31/8/2016 10:50

Edit:

I would expect in the interims (last week of September) they will downgrade their forecast now for 2016. 73000oz seems very difficult to achieve given the production figures we know from January - July. Can they increase production to 6500oz every month from August - December?

All eyes on the August figures in 2 weeks time.

[jeanesy] 31/8/2016 10:40

You can actually buy below the mid at the moment. Spread is very tight for a change . Could be about to go even lower imo. Still 3 weeks to go until we get news.

[mattjos] 30/8/2016 22:10

could do .. or could not.

What will be more influential on our share price will be:

- Interims in 3 weeks time
- Q3 production update in 6 weeks time
- USA election result in 9 weeks time
- Whatever and whenever we hear about exploration & the AIMROC assets situation

[jeanesy] 30/8/2016 19:39

looks like POG is heading for 1300 !

[zhockey] 30/8/2016 10:29

Matt,

Hillary will increase spending/borrowing hence would need rates to stay low.

[bleepy] 29/8/2016 23:37

report-weakening-of-yuan-will-cause-devaluation-in-most-countries/

After the devaluation of the yuan in China which is the main trade partner of Azerbaijan, devaluation of AZN will be inevitable.The reason for this will be the strategy of reduction of deficit in balance of payments.

[jeanesy] 27/8/2016 17:07

We will get news on geology in the interims !

[philo124] 27/8/2016 10:34

Agreed. 58% chance of rate rise in Dec, 24% in Sept.

[mattjos] 27/8/2016 09:20

Nice find Bleepy ... Another 10% off their local cost base in the coming months would be very welcome.All this fuss about US interest rates. H1 growth in the USA coming in at 1.09%! Hardly an overheating economy & that growth has come off the back of the already over indebted consumer being tempted to take on yet more debt in cars, student loans & Medicare.0.25% rise in rates come December looks the most likely intent but, that will really depend on the outcome of their election. The run into that election, given the risks of a Trump victory, seems unlikely to cause a big sag in the price of gold.Even if Hilary wins, just how high can they take interest rates before they risk a bond market collapse & a tip back into the next recession?Not long before Interims now which should hilight the ongoing debt reduction &, we hope, an update on exploration

[bleepy] 27/8/2016 07:20

DOLLAR TO REACH 1,80 AZN/USD - THE ECONOMY WİLL GET A SECOND WİND - ANALYSIS

[philo124] 26/8/2016 19:18

Fed chairman put oaid to that.

[jeanesy] 26/8/2016 17:13

The pic-up in POG didn't last very long !

[jbe81] 26/8/2016 15:25

Gold starting to motor , IF we do get news next week will be well timed and a completely different story here

[jbravo2] 26/8/2016 15:24

It's been very well documented what was and wasn't said at the AGM on here before and I don't propose type it all again. Clearly no inside knowledge was passed on.

[catsick] 26/8/2016 14:18

What was the implication of the comments at the agm? Surely if a deal was afoot all the shareholders should be told rather than making hints to a few ?

[1madmarky] 26/8/2016 12:37

Need a bumper production for the next 5 months... Oh yeah

[mattjos] 26/8/2016 11:43

Terropol .... Yes, I agree.

This currency pressure on the Manat will be exerting more pressure on the government to accelerate their revenue diversification.

[terropol] 26/8/2016 11:36

Mattjos, we should be getting news on AINROC any time from what was said at the Agm.
New crusher should also be operational or not far off....we should get bunper production in the last 5 month of 2016.

[mattjos] 26/8/2016 10:46

USDAZN now 1.628

[bleepy] 25/8/2016 16:53

1 day ago - Since early 2016, the share value of Azerbaijan's gold producer Anglo-Asian Mining PLC ( AAM) increased by 3.2 times – from 5.25 pounds ($6.9) to 16.88 pounds ($22.3) on the London Stock ...

Wish the share price was £16.88 as we would all be rolling in dough...

[bleepy] 25/8/2016 16:37

Share value of Azerbaijani gold producer increases



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