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AAZ Anglo Asian Mining Plc

59.00
2.00 (3.51%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Anglo Asian Mining Plc LSE:AAZ London Ordinary Share GB00B0C18177 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  2.00 3.51% 59.00 54.00 59.00 57.00 56.50 57.00 171,210 16:35:25
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec 84.72M 3.66M 0.0320 17.66 64.55M
Anglo Asian Mining Plc is listed in the Miscellaneous Metal Ores sector of the London Stock Exchange with ticker AAZ. The last closing price for Anglo Asian Mining was 57p. Over the last year, Anglo Asian Mining shares have traded in a share price range of 36.50p to 122.50p.

Anglo Asian Mining currently has 114,242,024 shares in issue. The market capitalisation of Anglo Asian Mining is £64.55 million. Anglo Asian Mining has a price to earnings ratio (PE ratio) of 17.66.

Anglo Asian Mining Share Discussion Threads

Showing 24826 to 24847 of 143275 messages
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DateSubjectAuthorDiscuss
02/11/2016
09:38
Better day today next leg to 34p has started.
blueball
02/11/2016
09:37
Cannon,

At 2g/t you cannot see the gold. They will need to wait for assays. Thats why they stopped at 30m when they were still in gold, they would not have known it at the time.

zhockey
02/11/2016
09:27
Stand corrected Dre, i missed that figure.

Good to start some discussion on the reserve though as it seemed to have been glanced over because of the sudden rise and everyone getting excited.

I suspect that there may be an RNS tomorrow ahead of the presentation to update on drilling. They will have set one rig on drilling to depth immediately i suspect to give an indicative depth or resource while the others start quantifying the spatial limits. This will have been done by now so as long as its been tested this information should be available. Unless of course they are hundreds of m down and still going in ore, then ill wait patiently!

cannonfodd3r
02/11/2016
08:51
hasnt taken too many buys to move this up
jeanesy
02/11/2016
08:49
RE: 5277 - no, the conservative estimate I have is 156K ounces based on the drilling area and there is still work to do - nothing is guaranteed until it is defined as being economically feasible at prevailing prices. It is a positive but I have learnt never to get carried away.
drdre
02/11/2016
08:45
Good posts, thank you guys, v interesting indeed.
scottishfield
02/11/2016
08:44
So a conservative estimate of 1 to 3 million Oz then

Reza always said mid tier for a reason, this is probably the rationale for that. He will have had a bloody good idea of this for years.

Very interesting times ahead. Makes the daily fluctuations seem like a drop in the ocean in reality

cannonfodd3r
02/11/2016
08:21
Based on the RNS of the 17/10 I have used an old formula from my notes for trying to get an approximation for the new resource. This is based on my old notes - I am no geologist, but it helps provide me a picture of what may be present.

My initial thoughts were that the grades were quite low - I use another rule of thumb where you multiply the grade by the length. Anything over 100 is an exceptional result. Personally, I would look at 25-50 being my own cut-off when just eyeballing drill results. So looking at the results using the grade x strike:

13.26 Hole 3
49.14 Hole 4
9.36 Hole 7
37.99 Hole 10
41.82 Hole 11
185.3 Hole 14
39.76 Hole 18
33.3 Hole 20

Hole 14 is exceptional.

Rough resource calculation is:

Strike Length x Depth x Width x Specific Gravity = "X" (in tonnes)

I use a specific gravity for the rock density of 2.5, just for reference. This is density of the ore body (i.e. the rock). I am no geologist but have been interested in mineral stocks for nearly 20 years so use this as a catch-all.

I have used the drill parameters for establishing a potential resource.

380m x 34m x 180m x 2.5 = 5355000 tonnes

I have also been conservative on the gold content and used 1g/t, which gives 156K ounces.

If you use the size of the Ugur deposit area from the RNS and use a depth of 50m:

1000m x 50m x 500m x 2.5 = 42500000 tonnes or 1.2m ounces @ 1g/t.

This is a very good starting point for a potential range but you also need to consider the recovery percentage (87% is quoted).

All the holes ended in mineralisation and the discovery was open at strike.

Very good news all in all but work to do to confirm if the discovery is economically feasible. However, these drill results are from surface and the indicative recovery rate looks very good, so all in all I am hopeful that will extend the overall gold resource portfolio of AAZ. I obviously hold :)

Obviously, feel free to correct the above - been a while since I dug out my notes and looked at anything like this in any kind of detail.

drdre
02/11/2016
08:17
Are we due a fed rate decision today? I suspect that the price will fall back after Clinton wins the election if not before.I see that the manat has weakened again recently which is good news here.Th cold snap in Gedebay is not expected to last too long which is also good news. I wonder how many will be buying before the presentation tomorrow?
jeanesy
02/11/2016
08:07
Gold continuing to rise this morning
jbe81
02/11/2016
07:02
Cannonfodd3r , your post prompted me to reread the rns of 17/10, which is very exciting. Ugar = 'good luck or success' in Azeri !
scottishfield
02/11/2016
06:50
Cannonfodd3r - even if you apply 1gt ( closer to Gedabek average ) its still 1.4 million oz.
timberwolf3
01/11/2016
21:16
Its been very tempting to sell and buy back lower but because of Ugar it's just not worth the risk. It's highly likely the new reserve will extend to much greater depths where there is a strong possibility It will continue into sulphide mineralisation, the question is though at what depth? We should have initial indications from drilling shortly but if we say it extends to 50m depth we have a volume of 1000m x 500m x 50m = 25,000,000 m3 at say 2g/t then that would equate to approximately 2.8m Oz by my reckoning.

Feel free to pull this apart but it's a considerable find that no one else seems to be quantifying.

cannonfodd3r
01/11/2016
20:41
Not going to retrce to 25p with gold pushing up on Trump shows ahead in some polls.
philo124
01/11/2016
19:53
Yes very strange to see a delayed sell at what was at the time a quite big discount.
jeanesy
01/11/2016
19:30
I saw that large delayed trade also. Clearly a sell, does it mean that the gap is now closed?
cyberbub
01/11/2016
18:48
Regarding large trades.....

I can understand large 'buys' being reported as delayed trades whilst limited stock is collated to fill the orders, but delayed 'sales'?

Referring to the trade particularly of yesterday morning 187,496... ?

I don't get that, advice welcome.

HH.

hedgehog33
01/11/2016
17:23
Nay, surely not?
scottishfield
01/11/2016
17:21
I have a look of a disappointed horse.
blueball
01/11/2016
17:15
A week or two hovering between 25p and 30p is what was needed. The next production update (~15th Nov) should pave way for the next move up.
brasso3
01/11/2016
17:00
Another day with some big trades and no holdings rns. Gold moving up again. Absolutely no reason to worry bout the day to day price movements here, will be another big move up soon IMO.
jbe81
01/11/2016
16:41
Agree with you pair.
Reckon it was a 3v3 split on the 50's. The two thirties were buys and so were a few others marked as sells e.g. the last 25 is a buy. All in all the day was about even again as the sellers easily found a market.
We could be here only a couple of days or a couple of weeks but it is clear it's still a steal and by this time next year this share price will a distant memory.

Seems silly it was 4p this year. Seems an age ago now.

jbravo2
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