Anglo Asian Mining Share Discussion Threads

[jbe81] 14/10/2016 13:40

By large buyer, I am referring to the large(for AAZ) trades that have started to happen on a daily basis for the last few months. Am only asking if anyone here thinks it could be the case, it is not my opinion.

[mattjos] 14/10/2016 12:46

jbe .. there is no evidence of a large buyer. Its relatively illiquid and tightly held. any sort of institutional buying would be immediately obvious and have a larger impact on the price .. in my opinion

[jbe81] 14/10/2016 11:08

Anybody think the large buyer is Azergold?

[mattjos] 14/10/2016 10:53

Agreed YasX. That price seems to reflect current rather than forward valuation.25% of the debt payed off in 11 months & during a time of continued Capex on plant for Gadir, the SAG mill & leccy.I assume also the waterplant will have required some element of upfront payment ($900k possibly?).With the interest burden now proportionally lower & a period of lower Capex to End of Year, debt repayments of $1m / month should be comfortably met from here onwards.Current mkt cap is still less than total debt o/s & just 30% of NAV.Mkt cap also far below its Enterprise value ... & the enterprise is well able to service its debt & maintain growth.Frankly, they are doing a great job here & should be applauded.Share price clearly has further to run

[yasx] 14/10/2016 10:40

Very conservative assessment by Company broker share price Angel.

[mattjos] 14/10/2016 09:52

Baku, Azerbaijan, Oct. 13By Azad Hasanli – Trend:Azerbaijan's AzerGold CJSC, specializing in exploration, development and management of non-ferrous metal deposits, has announced a tender for the repair, maintenance and test services for the equipment used at an ore processing plant.All those interested to participate in the tender are invited to submit their offers until 17:00 (UTC/GMT + 4) Oct. 14.For additional information call: ([phone]Azerbaijan's President Ilham Aliyev signed a decree Feb. 11, 2015 to create the AzerGold CJSC.AzerGold is engaged in exploration, development and management of non-ferrous metal deposits, use of new technologies in this sphere, modernization of the material and technical sources and their effective use, as well as other work for developing this sphere.---Follow the author on Twitter: @AzadHasanli

[ferries5] 14/10/2016 09:51

A translation

Baku. 12 October. REPORT.AZ/ "AzerGold" CJSC Dashkesen ore processing plant in the town of Rye current repair works of equipment used, and the purchase of maintenance and inspection work is carried out on the request for proposals.

"Report" means that the documents until 14 October to participate in the request for proposals (Baku, Khojali Avenue, 55) are accepted.

Interested organizations (012) 404 85 80 can contact with phone number

[celeritas] 14/10/2016 09:27

Azergold have started repairs at a processing plant, needs paid access.

[pixi] 14/10/2016 08:53

I think AAZ are doing a great job. Their new geologist will be looking at the most efficient way to increase reserves and the new equipment will help to reduce operating costs, increase production and make it safer place to work.They have nearly finished the new power station which will also reduce operating costs. AAZ have made great strides forward in the last year to reduce debt and improve production. They also have first-mover advantage with the government over finding and increasing new reserves. Well done to the BOD and the workforce.

[wimbled] 13/10/2016 20:32

report.az figures

Production for July was 142 kg.

Production for August 177.6 kg

Given report.az under reports by 7.5% for reason discuss in other postings.

Production for July & August include uplift 7.5% = 343 kg (11,047 t.oz)

3rd qtr 16,497 t.oz makes September's figure 5,449 t.oz

DYOR

[ferries5] 13/10/2016 20:17

Anglo Asian Mining PLC reiterated as Buy By share price Angel

[ferries5] 13/10/2016 20:12

From Proactive


A delay to the commissioning of a second mill hit Azerbaijan-focused gold miner Anglo Asian Mining Plc's (LON:AAZ) production in the third quarter but it repeated its full year gold production target.

Gold output in the period was down at 16,497 ounces compared to 19,375 ounces in the second quarter, while copper production came in at 485 tonnes, compared to 497 tonnes in the second quarter

The firm produced 33,899 ounces of silver compared to 52,214 ounces the previous quarter

[jeanesy] 13/10/2016 19:26

We are still due news about drilling. Hopefully that will happen before the end of the year !

[zhockey] 13/10/2016 19:04

Yep the story here is about reserves growth and not month to month production.

[ferries5] 13/10/2016 19:00

14/10/2015

Amsterdam Trade Bank - Agitation plant loan 29.6
International Bank of Azerbaijan - loan 12.8
Atlas Copco equipment finance loan 0.8
YapiKredit 0.9
Pasha Bank 3.7
Reza Vaziri 3.9
Total Loans 51.7
Cash on hand and at bank (0.7)
Net debt 51.0


13 /10/2016


Amsterdam Trade Bank - Agitation plant loan 19.7
International Bank of Azerbaijan - loan 8.2
International Bank of Azerbaijan - letter of credit 0.5
Atlas Copco equipment finance loan 1
YapiKredit 0.9
Pasha Bank 4.2
Reza Vaziri - director's loan 3.9
-----
total loans 38.4
Cash on hand and at bank (0.7)
--------
Net debt 37.7


+ Got the flotation plant producing . Sag mill running, new equipment purchased, electictiy supply almost complete.Water plant scheduled for completion April 2017. Some exploration work done.

All in all a good years work !!! Just need to get some more resources.

Also it is among the lowest gold producers in the world

[jeanesy] 13/10/2016 17:37

Only just got back in from work. Just rushed through reading the results. Forgive my ignorance but do we have the september production figures yet?

[bleepy] 13/10/2016 15:09

Net debt of $37.7m includes an additional loan of $900k by Pasha Bank($3.3m to $4.2m).

Actual debt reductions to creditors amounted to $6.3m.

Overall net debt offset by cash spend of €2.3m leaving net debt reduction of $3.1m.

[bsg] 13/10/2016 14:44

If they're keeping some gold back, they may feel gold is going under their hedge price?

[homebrewruss] 13/10/2016 14:24

@S0lis the FD mentioned that the local village had been electrified this year in a recent interview and they were connecting into that. This from their 12th September update:

'The Company has also entered into a $2 million contract for the construction and installation of a 35/6 kV 2x16 MVA electrical sub-station and associated overhead power lines to connect the Gedabek site to the national electricity grid. This will result in cleaner and cheaper electrical power at Gedabek, which up to now has been supplied by diesel generators. Work has commenced and the contractor has started construction of the electrical panel building and some of the pylons have been installed. It is expected that the work will be completed and power will be available from the electricity grid by the end of 2016. Once in operation, purchasing electricity from the grid compared to generating electricity using diesel generators will result in cost savings of approximately $1.8 to $2.0 million per annum.'

[cyberbub] 13/10/2016 13:27

The way they will hit the year end figures is if they can get the SART plant to produce 10k Oz in final quarter, rather than zero last quarter.Can any of the regulars here remind us of the reason why the SART contributed virtually zero in Q3?

[gog1981] 13/10/2016 12:20

Personally, I think the EV of c$63m is fair for a junior miner churning out excess cash of roughly $1m/month....about 5 years of operation.
Need a decent resource upgrade to get this baby flying.
Investor confidence wise, I think this quarter is the biggest yet. I lost a lot of trust when the company over promised and under delivered a few years ago, but slowly have begun to believe again due to a more open and fiscally aware CFO. I just hope they haven't bitten off more than they can chew in hitting those year end production numbers. Fingers crossed!!!