Anglo Asian Mining Share Discussion Threads

[timberwolf3] 22/12/2016 10:28

Reza Vaziri has extended his loan to the company. RNS today.

[bleepy] 21/12/2016 15:52

Same here...

Merry Xmas

[terropol] 21/12/2016 14:59

Before you all desert here due to market closures....

I WISH YOU ALL A VERY "MERRY CHRISTMAS" and all of us a big share jump in 2017.

[deanroberthunt] 21/12/2016 07:49

with a preference to Silver.

[zhockey] 21/12/2016 00:54

What we really need now is for gold to have an upswing.

[drdre] 20/12/2016 15:36

Interesting times ahead for sure, GL all :)

[jbravo2] 20/12/2016 14:48

Oh yeah!
Interesting. I can now only see two outcomes.
Either we stay as we are, in which case I guess we'll start to look for opportunities outside Azerbaijan, or AzerGold will want us.
I know which I think is more likely.

[jbe81] 20/12/2016 13:53

Azergold website now live, very close to finding out what is happening there

[zhockey] 20/12/2016 09:01

Here here!!!

[drdre] 20/12/2016 08:56

I for one appreciate all viewpoints - you need both sides to maintain a balanced board and this is an excellent one.

My view - I was disappointed by the drill results, the grades were poor IMHO. However, that is the nature of the beast. Does not mean there is not anything there; there just wasn't anything akin to the 1st set of results in that location for those holes. Onward we go, drill elsewhere, drill deeper, and hopefully we hit on some better grades and intercepts. It's what happens. Companies do not hit with drill bit all the time. I do hope that the results temper some of those who were already banking 1m+ ounces based on the initial results. Long way to go and nothing definitive, either positive or negative yet. The more holes we poke in the ground, the better the picture. Patience is key, I still hold and still believe we are undervalued. We do need additional resources / reserves though to kick start the re-rating we all want to happen, has always been my view and that is the significant potential upside for me as part of my investment decision. At least we have scope in that regard. Merry Christmas all.

EDIT: Sorry, was departing for work as I ended my post above. The initial 6 holes were very good. It would be good to see a map of the drill holes, but I am encouraged and still hope for a very positive result at Ugur. Step out drilling helps define the resource extent and the grid will define and delineate the resource. The plus is, the oxide will be cheaper to extract from, hence why lower grades are still economical. I'm keen to see the results of trenching as per the RNS and ongoing drilling. AAZ is fortunate to have targets to expand into and is, along with HOC, my sole gold mining producer shareholding.

[zhockey] 20/12/2016 00:29

Bleepy not sure what your reading in my posts but I assure you I am only interested in getting a more robust model. No one at all has posted a convincing argument for Friday's news being anything other than disappointing and the market sold off heavily, what does that tell you. Catsick and UH also said they were disappointed with the results, two very seasoned pi's. On the subject of the geology, this is not rocket science when you have surface alteration, you just drill and see what you get. It does not sound like they are using any complex geophysics tools so it is quite rudimentary. Just like the old oil wildcatters who would drill where the seeps are. Where a geologists skill comes in is setting this all in context in order to use analogues for finding the stuff that is not obvious. Drilling along strike from a known resource is not genious. I would give Stephen credit for pulling the team together and getting holes drilled.

Jbravo, for clarity I'm holding for the following reasons. Let me know if I'm missing anything here? You were recently very confident that there would be a big move in a matter of weeks. If this was the exploration update you were hoping for then surely you have to admit it was a tad disappointing? If it wasn't then I cannot see any other catalyst in the next few weeks bar a gold moon shot.

Always believed there to be massive potential at Gedebek based on the historical workings below the pit, i.e. Gadir lookalikes.

Gordon Lewis said years back that there are potentially huge copper resources at depth. I'm bullish copper 2018 onwards.

Reza has put his own cash on the line when required.

The investment at Gedebek and general narrative this year suggests they are confident in adding more reserves.

Value of the assets vs enterprise value.

The great work they have done to get costs down.

The new focus on exploration, getting holes drilled it what they need.

[jbravo2] 19/12/2016 22:36

It seems like someone else is joining jeanesy in only accepting absolute certainty and only where price appreciation 24/7 will cut it.

As I've told you before zhockey. If you haven't worked it out by now, I can't help you sorry.
You've been here 8 years, the resources are running out. Surely you'd be best to take your 20p and tell us "told you so" when we can only get 5p in a little while??

[unionhall] 19/12/2016 21:59

Yeah - and if is under a lake you drown.....

[bleepy] 19/12/2016 21:36

Hahahahahahahaha

It's been said the barren holes were drilled along a line and are to be further core drilled. I see we have another bb geologist that knows better. Again let's wait until the final assay results are in for these holes.
Btw 3-17 mtrs on top of a hill is at a different level to 3-17mtr drill hole in a valley. The region is quite mountainous so it's all about perspective and 3D modelling to understand the true shape of the mineralogy.

[unionhall] 19/12/2016 21:21

Bleepy - you are just the person to talk about pedalling an agenda....accustomed as you are to misrepresenting the facts for your own purpose......


unionhall17 Dec '16 - 11:47 - 6203 of 6249 0 0 Edit
"..As already mentioned the high/higher grades appear to lie at depth,,,"

You keep saying that, but the numbers don't seem to support that....


The highest grades appear

8g/t at 3 - 17 m

9g/t at 24 - 28 m
bleepy17 Dec '16 - 16:09 - 6204 of 6249 0 0
unionhall

"Initial Phase II core drilling programme has now confirmed an oxide zone to depth of about 60 metres"

Thank you for pointing that out. Only 6 holes have been core drilled and from those we have high grades of 8-9g/t proved up at fairly shallow depth with high grades below that depth. If the 6 core drilled holes are a sign and sample of the only partially drilled Ugur prospect then it's no wonder they have announced the discovery as significant.

unionhall17 Dec '16 - 17:46 - 6205 of 6249 0 0 Edit
"..If the 6 core drilled holes are a sign and sample of the only partially drilled Ugur prospect.."


Clearly they are not - the other RC drilling has been dismal in comparison...

[timberwolf3] 19/12/2016 21:15

Although i disagree with zhockey most of the time i do value a contrarian view.

[bleepy] 19/12/2016 21:06

Zhockey

I'm not interested in your opinion.

You continue to pedal your agenda though, on this occasion it's completely negative. You choose your words carefully, think your being subtle whilst intending to influence and sway otherwise. Your bad news agenda continues I note.

Oh, the barren holes are being core drilled deeper than the RC drill depths. Are you still arrogant enough to question a reputable geologist. Let's wait and see the final assay results for these bore holes and others before listening to your version.

[zhockey] 19/12/2016 20:02

Mr Bleepy,

My only agenda is to understand the facts. Considering the share price is down 20% who is right?

Mr Bravo was "guaranteeing" a week or so back that folks would be disappointed if they sold and did not get back in within weeks, I imagine a few here are now disappointed they didn't sell. Is it unreasonable to ask Mr Bravo if perhaps his expectations were a little high for the immediate term news?

For what it's worth I have the same number of shares that I had before the RNS on Friday. Hence why I was dissapointed with the RNS. If the company wanted to put out good news then why release this on a Friday, and why not wait until they had a few more positive drills to even out the barren holes. I mean why even say there were 29 barren holes? I have been reading RNS for years and you can tell, like an algo, in 30 secs if it is good or bad.

Now the market will reset it's expectations and AAZ need to deliver on their talk of expanding production.

[bleepy] 19/12/2016 18:51

Interesting indeed that they are drilling to a deeper level perhaps another Gadir below this prospect.
Our new geologist has said this prospect is significant and he is excited about it. To identify an unknown prospect and of significance so near to Gedabek is testament to Stephen Weasthead's vast experience.
The method and sequence of explorative drilling being supervised by Stephen would not drill many misses without good reason. He has good reason then to drill these misses to a deeper depth than the RC drilling.
Zhockey pouring scorn on Fridays rns(with his own agenda)taken against the stature and experience Stephen Westhead holds in the industry. I know whose news and methods I prefer.

[zhockey] 19/12/2016 18:18

I was just asking

[zhockey] 19/12/2016 18:18

I was just asking

[jbe81] 19/12/2016 17:35

zhockey, as jbravo says this is just a bonus, not the big resource upgrade anybody was /is expecting, I am not sure why you though or are claiming it was.

[zhockey] 19/12/2016 17:28

Evening Jbravo, was Friday's RNS the big news you were hoping for?

A week or so back you were uber bullish!

[jbravo2] 19/12/2016 17:07

Well I'm just rolling in, after a few days away and what a kerfuffle!

I'm between both camps I guess but heavily leaning to the "good news" camp.
Clearly I'd rather there hadn't been any misses with the drill and it was open in all directions for 6km. It doesn't happen often though ;)
As it is, all the misses are just in one direction. Not an all encompassing miss from the margins as zh was possibly trying to suggest. It is still far from certain what the size of the resource is of course. It is interesting to note that they intend to drill further where the misses are to a deeper level.

And then you have to bear in mind that this is a resource that no-one knew anything about only a few weeks ago. It is, if you like, bonus gold. It would have to be uneconomic to mine to be bad news. Short of that anything, but anything, is more than anyone thought was coming from this area a couple of months ago.

As for ferries claim that we're not getting in on AIMROC's properties, I am yet to be convinced that the change in the sector in the country is over with AzerGold just taking over and running AIMROC.
It makes no sense.
Sense says these all need to be "lumped together" somehow. To be worked in conjunction. It makes no sense for AzerGold not to try to tap into our expertise and perhaps even our plant to help out. It makes no sense that the press aren't covering the progress AzerGold are making.
Look at the local press as other plants, factories, enterprises have been set up by the state. You get a running commentary. Where is AzerGold's? Perhaps it is yet to come?


Sorry jbe, that's a penny's worth of thoughts and I can't be bothered to go onto the second penny. Let's just say, I'm in.