Anglo Asian Mining Share Discussion Threads

[bleepy] 17/1/2017 08:49

Just one of the cost effective initiatives carried out in the last qtr....


Full Year 2016 gold production target slightly reduced due to the transition to the new power source.

This will result in the Gedabek mine site using cleaner and cheaper power which up to now has been provided by diesel generators.

It will also enable us to expand production at the Gedabek site, unconstrained by the availability of electrical power.

The diesel electrical generators at site will be retired from service but kept as backup, which will de-risk the operation to power outages.

The Company's recent return to profitability will be now be further enhanced by the cost savings resulting from connection to the power grid and release of power constraints on our processing.

This will result in a cost saving of approximately $2.3 million per annum and therefore the capital cost of the installation will be recovered in around one year. The reduction in fuel usage will substantially reduce fuel management at the site and the consequent environmental risk.


With exploration going at some pace, reducing costs and debt combined with unrestrained usage of plant(due to new power supply) what's not to like about aaz's prospects.

[2sporrans] 17/1/2017 08:42

Bagged some for 22.8p; repurchase of a slice sold for 28.5p so OK with that.
So long as the POG doesn't tank, debt should continue to fall tolerably fast; hoping for a minimum of another £10-mn off in 2017.
Then its down to resource expansion to get the price well up I guess.

[deanroberthunt] 17/1/2017 08:36

back to new highs in the near term

[zhockey] 17/1/2017 08:35

Interesting

[deanroberthunt] 17/1/2017 08:35

up we go......the figures stated are the past, the market looks at the future 9-12 months out....

[jbe81] 17/1/2017 08:32

Expect to see 40p shorterm

[jbe81] 17/1/2017 08:31

Looks like the start of the next leg up for AAZ to me

[deanroberthunt] 17/1/2017 08:31

on a decent PM bull market this could 10 bag from here and still not be expensive

[redtrend] 17/1/2017 08:30

Just had my fill or kill rejected, stating 24p is the indicated price to fill it!

[catsick] 17/1/2017 08:28

I got a sliver at 21.5 , I guess 20 was too much to hope for despite zhokeys help

[deanroberthunt] 17/1/2017 08:27

this will be doing £20m pbt end 2017...mcap £24m .......debt will be negligible....I'm filling my boots, Gold heading to $2000+

[imnotspartacus] 17/1/2017 08:26

So in £'s we're looking at almost 70m...looking good!

[bumpa33] 17/1/2017 08:25

Will be interesting to see where this goes now. Cantors remain buyers, they have been for a while...

[deanroberthunt] 17/1/2017 08:24

early morning highway robbing, to flush out the miserable dullards with half glass empties.....then up and at em and blue skies with the forward looking happy cracks half glass fullers

[deanroberthunt] 17/1/2017 08:22

we had joy we had fun
we had seasons in the sun
but the wine and the song
like the seasons have all gone....

[gutterhead] 17/1/2017 08:18

Results look as expected. Debt reduction very positive for next year. Copper and silver increases good. What's not to like?

[deanroberthunt] 17/1/2017 08:16

the market is fwd looking and unlike zhockey isn't emotional or miserable.....it's considering the new PM bull market after the 5yr+ bear market is running out of steam, plus future change in metal ratio's, exploration and new production sites, plus reducing debt and improving economics due to devaluing of £

[redtrend] 17/1/2017 08:14

I can't get a quote for anything either, even a small amount. So put a buy limit above the market price - that's not getting filled either

[catsick] 17/1/2017 08:12

Im being quoted 18.5/22.5 even on a micro ticket so I guess it wont trade much for a while ! Results pretty much as I expected, maybe not as good as some were hoping but steady progress all the same

[jbe81] 17/1/2017 08:09

Try fill or kill, mms favourite trick here, shut up shop when people want to buy!

[jbe81] 17/1/2017 08:09

Good luck getting any at 19p, Basem!

[deanroberthunt] 17/1/2017 08:06

can't get a quote to by even small change !!!

[bumpa33] 17/1/2017 08:03

Well bid this am, surprise perhaps...