Anglo Asian Mining Share Discussion Threads

[jbe81] 23/1/2017 11:04

Interesting to see how much more of a rise in commodities' prices is needed here to reignite demand. All up today.

[bleepy] 23/1/2017 09:23

1.8559 AZN/USD for Jan. 24

[crazycoops] 23/1/2017 08:55

Maybe S0lis but I don't think that's what ADVFN's algo does - I believe it reports buy/sell based on the price at time of reporting. I just know from personal experience that ADVFN buy/sell indicators are not accurate.

[s0lis] 23/1/2017 08:51

crazy

They may be able to delay reporting, but don't they have to report the original time of the transaction and if one goes back to the bid/offers at that time have a better idea as to whether it was a buy or a sell allowing for the larger volume ??

[crazycoops] 23/1/2017 08:38

jeanesy, you can't rely on ADVFN buy/sell info as their algo merely takes a "best guess" based on the transaction price at the time of reporting (and MMs are allowed to delay reporting for larger transactions to enable them time to work the order).

[jbe81] 22/1/2017 15:17

Buying some back aps or getting close to a holdings rns?

[jeanesy] 22/1/2017 13:54

I can only see a 150 k sale.. so if they were bought what price did you pay??

[mattjos] 21/1/2017 13:39

Good man aps. ?

[aps55555] 21/1/2017 09:05

The 150.000 shares at the end of the day were sold to me. So those shares will not be back in the market unless the share price goes above 75 pence. Good luck to all.

[brasso3] 20/1/2017 18:41

Matt 6653

Good call. :)

[zhockey] 20/1/2017 18:26

RRound sold a load at 80p, if he holds these that is a good sign. Would he need to report a sale now?

[zhockey] 20/1/2017 18:24

Matt, very good deduction there, you could well be right.

[zhockey] 20/1/2017 18:23

Brasso let's hope, all depends on gold in the short term I feel.

[mattjos] 20/1/2017 18:03

Now that small source of liquidity has been taken care of, I think upwards pressure may now be allowed to re-exert itself next week.
Good weekend all

[brasso3] 20/1/2017 17:50

Zhockey

It is still on the support line so not a time to panic yet. I expect it will bounce on Monday. We may have a short news vacuum now but hopefully not 3 months (Q1 2017 figures). I expect 40p+ in 2017.

[mattjos] 20/1/2017 17:40

150k sale on the bell looks suspiciously like the transaction taking care of most of the Directors Options. In one lump sum @ 21.5p, it also means the price was equal amongst the three of them.

From the Directors Dealings / Stock Options RNS (assuming 21.5p settlement price)

K. Zamani - 100k shares @ 16.5p. Cost: £16.5k. Gain: £5k
K. Zamani - 500k shares @ 12.0p. Cost: £60k. Gain: £47.5k
R. Round - 600k shares @ 12.0p. Cost: £72k. Gain: £57k

Total - 1,100,000 shares - Cost: £148.5k. Gain: £109.5k.

Settlement value for 150k shares at 21.5p = £32,250.

"In addition, Khosrow Zamani and Richard Round each authorised the Company (or its agent) on 12 January 2017 and 11 January 2017, respectively, to arrange for the sale of such number of Ordinary Shares to be issued pursuant to the above share option exercises as would be required to produce net proceeds of sale (after deduction of all fees, commissions and expenses in relation to such sale) sufficient to meet the cost of exercising the share options and discharging any tax liability arising from the exercise of the share options for which the Company is liable."
Effectively the Gain value of £109.5k is the value on which “..any tax liability arising from the exercise of the share options for which the Company is liable.” will be calculated, is it not?

Settlement from sale of 150k shares @ 21.5p = £32,250 / £109,500 = 29.4%
Looks about right to me

[bleepy] 20/1/2017 17:37

On a more positive note, exploration adjacent to the current operational mine is ongoing and at depth.
Let's leave it to the excellent Aaz team to prioritise and set strategy as they are the experts. They are more than capable of short, medium and long term planning.


Gedabek - exploration update

Area adjacent to the current operational mine

Geological mapping was carried out over 0.7 square kilometres from which 290 outcrop samples were taken and 20 metres of follow-up trenching was carried out.

In addition, two drill holes with a total of 530 metres of diamond drilling were completed.

[zhockey] 20/1/2017 17:16

Sorry I meant this year, next year is more likely IMO.

[zhockey] 20/1/2017 16:46

I don't think any Ugur ore will be processed next year, too soon.

Looks like some should have kept their powder dry a little longer.

[mattjos] 20/1/2017 15:44

I had them down to $575 personally with the effects of the Manat & a slight rise in grades from Gadir.
The reprocessing and evaporation of the tailings liquids will likely just about wipe its face in terms OPEX v long term water reduction in the pond & some gold/silver extraction.

[slavy] 20/1/2017 15:42

Brasso

The 2015 numbers are AISC lifted from the November 16 AAZ presentation.
You are probably right regarding lower gold production in 2017 but I am hopeful that some high grade ore from Gadir or Ugur might help better 2016 production.

[brasso3] 20/1/2017 15:15

Slavy

The 2015 numbers you quote were not AISC costs and rather operating costs from memory. I think your numbers are a bit optimistic as with expected lower gold production in 2017 it will of course impact AISC. I expect we will be in the $650 - 670/ oz region though for AISC.

[slavy] 20/1/2017 14:57

I expect our AISC is now around $620/oz thanks to the increased copper concentrate production seen in H2 16.

Assuming 65000 oz production going forward the connection to the electricity grid should lead to a further $30/oz reduction in AISC so we could be looking at approx. $600/oz AISC for 2017.

According to my figures (probably a little out of date now) $600/oz puts AAZ below the 10th percentile for AISC.

The below demonstrates how effective the recent cost reduction initiatives have been:
H1 15 AISC = $925/oz
FY 15 AISC = $858/oz
H1 16 AISC = $703/oz
FY 16 AISC = $620/oz ?

[zhockey] 20/1/2017 12:06

Carsick,

What have you been drinking? :)

Siemens in the 19th century were not worth 70Bn

[mattjos] 20/1/2017 11:45

in for 10k more just now