Anglo Asian Mining Share Discussion Threads

[csmwssk12hu] 01/9/2016 09:17

Good point they have hedged gold price either way these will be a lot higher in 12 months time IMHO dyor

[jbe81] 01/9/2016 08:56

Will bounce back as quickly as it has gone down

[jbe81] 01/9/2016 08:53

Getting close to levels where people will be topping up. Gold traditionally has a strong end to the year and aaz have a hedge in place so cant see it getting close to 10p!

[bsg] 01/9/2016 08:50

Why 13? if POG keeps falling could be 10.

[catsick] 01/9/2016 08:44

Play the short game i will buy some more at 13p and sell them at 20

[ilostthelot] 31/8/2016 17:08

Play the long game. See you at a quid

[bleepy] 31/8/2016 16:38

Official exchange rate of the US dollar to Azerbaijani manat was set at 1.6321 manats Aug 31st.

Still weakening though

[jeanesy] 31/8/2016 14:29

Some good news , the manat continues to weaken. 1.66 now!

[zhockey] 31/8/2016 12:24

Why are we starting to downgrade production when the company have not released the Q3 figures yet? The media figures to not include floatation production.

It is not surprising that the gold price is having an impact here but if your outlook is beyond this year then why agonise over every down day?

The board have spent a lot of money and effort on Gedebek, I would not expect that to be in vain.

[jeanesy] 31/8/2016 11:51

You can now buy at sub 16p

[jeanesy] 31/8/2016 11:49

homebrewruss i still think that the july figures do not include the flotation figures so should be higher than 5000. I know that there are some that will disagree. We shall find out soon enough. Price continues to weaken. Could well be in the 15's soon !

[brasso3] 31/8/2016 11:41

Apologies

6500oz each month for the remainder of 2016! I forgot to add the July production when I calculated it.

They need to get back above 6000oz for August to maintain the low end target of 73000oz.

[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