Anglo Asian Mining Share Discussion Threads

[mattjos] 18/1/2017 16:28

They also commented that the rock was soft and drilling had only used one drill bit.
If the Jurassic rock noted by Dolbear is anything like the Jurassic coastline in UK, it would also be soft and easy to drill.

What may lie beneath the oxide cap at Ugur is, I am sure, the $64m question & why they are focussing their efforts to drill deeper and see if they can locate a larger massive sulphide lens deeper down.
If they do, then we will have plenty of both Gold & Copper (Silver & Zinc possible) to go at in the future.
Am sure that Stephen Westhead has been poring over the earlier Russian exploration data with his Azerbaijani team to determine where it/they may be.

Not too long to wait before we get more details

[bleepy] 18/1/2017 16:26

From the latest Ugur exploration report...

Encouraging results have been received from the newly discovered Ugur deposit which enhance the Company's understanding of the deposit and show that the oxide zone extends deeper than initially determined by previous drilling.


How deep and what grades will no doubt be the focus of their exploration.

[bleepy] 18/1/2017 15:54

Thanks Mattjos, another comment you made following those posts was that the large porphyry system that could be located nearby might well lie below the present operations at Gedabek. That is an interesting thought.
As you have mentioned many times, Stephen Westhead has been made part of the team for good reason more so his knowledge of Russian geology.

[scottishfield] 18/1/2017 15:36

V interesting indeed, tks bleepy & Matt

[mattjos] 18/1/2017 15:35

bleepy, I guarantee you that the link to the Bittibulag Ore type & Analysis was NOT protected in any way before now.

That is why I posted it and why I have repeatedly said that AAZ know full well what is at Bittibulag & how to process the ore & I believe have known for a long time.

[mattjos] 18/1/2017 15:24

bleepy ... very, very interesting !!

That link has worked perfectly for months and was not password protected until today!!

I have accessed it many times myself with no such barrier on it.

Now that really does cause me to become suspicious

[bleepy] 18/1/2017 14:53

Mattjos

Re reference to your post 4852, the link requires a username and password to open.

Having looked back at your posts perhaps you could repost numbers 4853 and 4854 given the huge significance to present areas undergoing exploration.

[mattjos] 18/1/2017 10:53

Does show the seasonality of the production profile across the year as a result of the weather.

[mattjos] 18/1/2017 09:51

not sure at what level price of gold will reignite interest in the stock but, Q4 average sales price was $1,227/oz.
Another 1% rise in pog from these levels and we'll be over that price.

Using the reported gold production from Q1'13 thru Q4'16, we can try to smooth out some of the peaks and troughs and get an average production for each quarter, by product type, as follows:

Quarterly Averages 2013 - 2016_____Q1........ Q2........ Q3........ Q4

Gold ___________________________12,817.....15,765.....17,771.....16,199
Silver___________________________14,827.....19,519.....16,002.....19,560
Copper(t)__________________________ 212....... 266....... 256..... 297

[catsick] 18/1/2017 07:26

I think if a broker like cantors gets paid out of a bunch of stock it may take a few sessions to get it back but they will not sell a load of shares they dont have unless its at a very off market price, aim stocks are just too illiquid to mess about with. I think there is way too much ill informed speculation in general about evil shorters, I think what tends to happen when the books get out of whack is the spread is made so wide nobody would trade on it and they will then try showing retail platforms a skewed price, In the long run the share price will reflect the true buying interest and hopefully that will be a lot higher than here ...

[jbe81] 18/1/2017 00:31

Bumpa there is another thread you can speculate on if it gets moderated here. There has been plenty of speculation on this thread, including from myself that hasn't come to pass. Posters here are capable for seeing speculation for what it is. That having been said I understand Matt's motivation, he puts a lot of time in to this thread. And there is no place for posters looking to make a quick buck from blatant mistruths.

[bumpa33] 17/1/2017 23:37

Zhockey - I don't know, I could speculate but that's all it would be, and clearly speculation doesn't go down well with some here so I'll refrain.

[zhockey] 17/1/2017 23:30

Why would they be forced to close positions?

[zhockey] 17/1/2017 23:23

My vote for free speech!!!

[bumpa33] 17/1/2017 23:17

With respect, I'm not going on just what they or Ben Turney or anyone else for that matter is saying, I'm also going on what I'm seeing first hand here and in a number of other positions. It may (or may not) be material to AAZ but for me the technicals are as important as the fundamentals clearly are to you.

In light of this, I don't really appreciate being censored straight off - free speech I thought was still the order of the day, or am I mistaken?

Edit: I'm neither ramping, deramping or disseminating false information. I'm informing the thread of a possibly material situation with the main retail MM here, who might (i stress might) be being forced to close positions here and in a number of stocks. Back in the day it was Winterfloods and Collins Stewart, these days its nearly solely Cantors, the rest generally keep a flat book.

[mattjos] 17/1/2017 23:07

Bumpa .. I have sent you a quick explanatory note.

Don't believe we want to have the likes of Shareprophets protagonists & their tittle-tattle disseminated here, please.

[bumpa33] 17/1/2017 23:03

Can I ask why on earth my last post was moderated???

[zhockey] 17/1/2017 21:32

Jeanesy glad you are also maintaining a balanced view. The optimist and his money are easily parted :)

I have been saying for years that AAZs future depends on expansion, quite a few folks here, including myself, suspect that there is a lot of potential in their assets. I really hope that this is the year some of that potential is realised.

[zhockey] 17/1/2017 21:22

Matt I suspect they will truck it as the resource does not sound that large. Hopefully of course they'll find more ore.

[mattjos] 17/1/2017 20:11

really does show how the 'by-product' credits from the dramatically rising Copper & Silver production are reducing the cost of production & what a terrific decision it was to borrow the funds to implement the larger flotation plant.

If they go ahead with Ugur, I wonder if they'll mine and crush the oxide ore there and then use a conveyor to feed it in to processing plant at Gedabek or, truck it to Gedabek and crush it there.

[mattjos] 17/1/2017 20:05

Brasso, thanks once again for the spread-sheet & chart.


All, Header updated with small chart image of production from Q1'13 to Q4'16 (which is itself a button link to a larger image so, just click the image and you'll open a new browser window to view it more clearly)

[brasso3] 17/1/2017 19:13

Updated production chart with the share price in the background.