Anglo Asian Mining Share Discussion Threads

[mattjos] 05/12/2016 18:46

interesting how this sector seems now to be rather higher up the priority list for the government of Az.
Imagine the oil sector and effects on the Az economy has helped galvanise things.

Certainly get the impression that something, news wise, that directly affects AAZ is going to hit the ticker relatively soon.

[jbravo2] 05/12/2016 18:42

Not really sure jbe.
As I said after chatting to Stephen he said "oh gosh no" to my 6 month timeline (as in not that long) but also said it couldn't be as fast as one month.
Somewhere in between then but I'm not sure.

[zhockey] 05/12/2016 17:09

No why?

There's not much point getting excited about gold finds outside of AAZ's areas is there. Plus Goygol is old news and you should be able to find the same news from over a year back.

[brasso3] 05/12/2016 17:07

On the sidelines again Zhockey? :)

[edjge2] 05/12/2016 16:55

AAZ chart back on an old trend?

[zhockey] 05/12/2016 16:46

Well it's a shame that it is not an AAZ licence.

[scottishfield] 05/12/2016 16:00

Nice read, thank you timberwolf3

[timberwolf3] 05/12/2016 15:59

Azerbaijan reveals new deposits of gold, silver, copper

5 December 2016 18:32 (UTC+04:00)187

By Amina Nazarli

Azerbaijan, known as a gold producing country in Eurasia region, discovered another promising area for gold production in its territory.

Tyulallar gold mine was revealed as a result of large-scale search operations. This mine is located near the eponymous village in Goygol region of the country, some 45 km away from the region's center, APA reported.

"Resources of Tyulallar gold mine are close to the reserves of gold and copper deposits in Gadabey and gold in Chovdar," according to the National Geological Survey, which reports a high level of gold production up to 90 percent from the gold mine.

Recent searches in Bashgyshlag in Goranboy region showed positive results. They identified promising areas of production of gold, silver and copper.

According to the results of the samples sent from the area, the Survey found that production capacity of the area is 0.4 gr/ton-2.2 gr/ton of gold and 2.0 gr/ton-4.2 gr/ton of silver.

With most of its gold resources still untapped, the country has a room for investors in the mining industry.

The country started industrial production of gold in July 2009. About 900 fields were registered in Azerbaijan's state and territorial balance of reserves of mineral resources.

Azerbaijan began to develop its gold mines only recently and is operating quite modest volumes of output so far. However, the main positive trend is linked with the increased pace of output. Azerbaijan has increased its gold production in 2014 and also sped up the exploration of new deposits.

As a leading company extracting precious metals in Azerbaijan, Anglo Asian Mining plc, developed Azerbaijan's first operating gold/copper/silver mine, Gadabay, which commenced gold production in May 2009.

Gadabay is the main mine site of the company and the location of its processing operations. The company is authorized to implement mine operations at six Azerbaijani fields, including Gadabay, Ordubad, Gosha Bulag, Gizil Bulag, Venjali, Soutlu.

Overall, Azerbaijan produced 2,229 kilograms of gold in 2015. The production growth hit 19.1 percent compared to the figure of 2014.

The Ministry for Ecology and Natural Recourses estimates that the country is able to produce about 10-15 tons of gold a year.

hxxp://www.azernews.az/business/106083.html

[jbe81] 05/12/2016 15:45

jbravo, when are you expecting drilling results?

[el_duderino_7885] 05/12/2016 15:25

2spor yes the dollar yen is the most important input in the hedge funds algos along with real interest rates.

These two factors determine the price of what we call gold. In fact this price has nothing to do with actual physical demand/supply fundamentals.

What a scam!

[zhockey] 05/12/2016 14:38

I think gold coould suffer going into the Fed meeting next Wednesday.

[jbravo2] 05/12/2016 12:52

I guarantee anyone selling here will regret it unless they manage to get back in.
Time to get back in is measured in only a few weeks.

I used the word "guarantee" intentionally.
The time to decide is upon you.

Have a good week all.

[edjge2] 05/12/2016 11:09

Savage infers gold maybe due a bounce

[mattjos] 05/12/2016 10:08

ill, thanks for advising that.
Very interesting indeed.
AAZ comes out third cheapest stock!

[2sporrans] 05/12/2016 09:40

Is the $/Yen relationship the primary causal determinant of the POG though?

Makes sense to buy/hold Gold when REAL rates [bond/deposit] are low/falling; especially if they are -ve or trending that way.
Hence this observed close correlation is very plausibly causal, not merely co-incidental [crazy]:



This over late 2015 to mid 2016. Has continued of late.


Over a ~20year time frame:



Pretty strong causal evidence , considering the other factors in play, especially amongst non USA or USA$ players.
Some of those follow quite a different path; e.g. those governing the mainstay physical buying out of Asia. Much of the long term underlying buying is simply a +ve correlation between the [fast growing] disposable incomes and gold owned, in its various forms.

If a global inflationary cycle displaces the disinflationary one of the past decade, this will be a game changer. The case for gold will change dramatically, as will the mix of buyers. Still remain a case for real wealth preservation though.
The growing dichotomy between US and Europe/Japan is interesting, as is the continued emergence, to dominance, of the rest of the world in terms of both commodity consumption and investment.

[ilostthelot] 05/12/2016 09:37

Gold is looking really weak.At this rate gold will end the year down and the bear market continues.

Giving what's happened gold should be trading over $1500 easily today.

Strange market.

[el_duderino_7885] 05/12/2016 07:31

Gold was as high as $1,190.
Dollar/yen has since spiked higher which has caused the "gold" price to drop.

Dollar yen really is the only thing driving the gold price at the moment, the relationship is as close as it's been these past 3 years. Nothing else seems to matter. Crazy.

[brasso3] 05/12/2016 06:48

The dominoes keep falling.

Surprised gold has not moved past $1200.

[el_duderino_7885] 04/12/2016 23:44

Yep let's see if the monkeys come in and hammer gold back down as they wouldn't want this to be seen as gold positive.

In theory gold and the dollar should both rise in tandem as the Euro will be slaughtered.

Joining the dots this really could be the beginning of the end of the Euro and EU. One reason why I voted for Brexit!!

[mattjos] 04/12/2016 23:11

No surprises that Renzi has lost the vote in Italy. Not even close it seems, on a relatively high voter turnout. Will he now fall on his sword, as promised & therefore open the door for M5S and eventual ITEXIT?Should see some strength returning to gold this week & may be sufficient of a risk to delay US rate rise on the basis of wider risks in the global economy & yet more strength in USD