Anglo Asian Mining Share Discussion Threads

[jbe81] 21/4/2017 13:07

Its the delayed trades that tell the story here, not the PI selling and the MM games

[2sporrans] 21/4/2017 13:02

"At the headline level, the company could & should have made the rationale for the decision to switch from Gedabek to Ugur eg. Ugur has nn quantity available of Oxide ore."
Agreed Mattjos.

Further, there could have been a preliminary announcement far[months]earlier to assuage investor fears over the declining gold grades; to say options were being evaluated for a switch to Ugur along with production feed from stockpiles + switch to flotation [copper] led production.
Instead, there was a period of ~3months where investors concerns were left to fester, followed by a surprise change of tack, lacking in convincing evidence that Ugur will deliver or supersede the "conservative" [but reduced] new gold-equivalent production targets.

Investors shy away from combinations of uncertainty and surprises.

Still, a buying opportunity has been teed up.

[jbe81] 21/4/2017 12:28

Resource upgrade before the presentation?

[jbe81] 21/4/2017 12:27

Not worried by the sp, as long as price of gold is at this level AAZ are doing very well. Good chance it will go much higher. Also not worried by the rubbish spouted by the same few posters

[bsg] 21/4/2017 12:00

Lets have a comp. the lowest mid price.

My guess 12p.

[csmwssk12hu] 21/4/2017 11:54

Resistance is around 15p if it breaks that the next one is 6p they have failed for last 6 months on targets which are getting lower every time, the production they were estimating last year with pog where it was and drop in currency should have left this debt free by now instead it's 30m in debt still and about to stop mining, if I didn't know better the next thing will be wrap it up default on debt buy back machinery at next to nothing and start again if there is sufficient material o mine cost effectively no one doubts there is hold in them there hills but if it's too costly to mine it's worthless imho dyor

[jeanesy] 21/4/2017 11:39

Looks like sooner rather than later. Down 8% more today so far !

[mattjos] 21/4/2017 11:13

anyway, looks like down to at least 15p pretty soon now before the company will try to restore some credibility at the Proactive presentation in May.

[mattjos] 21/4/2017 11:01

Haven't lost faith in the company or its management or, what it is they are trying to do in Azerbaijan across their assets.
Let's not forget that they still a very junior miner with limited financial & human resources but, they do have a terrific opportunity.
I get irritated though when I see such poor communication to the market.
Reza is a competent chap & must know they have to do much, much better than this.

[terropol] 21/4/2017 10:58

The lower the price goes the more we can add....
With the AIM shares have seen over the years "A drop before a big jump up"

MATTJOS, we have to assume the market been told the Name of the book...but not the story in details. It will be told when a clear picture is established by the management.
I like you would like to know more....looks more patience required.

Have a good week end all.

[jeanesy] 21/4/2017 10:48

I totally agree Mattjos which is why this is heading lower. As I said quite a while ago the company appeared to be turning the corner, but has shot itself in the foot by continually missing targets. looks like PI's have lost faith for now.

[jeanesy] 21/4/2017 10:29

Looks like all resistance is now broken. Not sure how low this will now go !

[jbe81] 21/4/2017 08:18

Would expect some +ve news released on that morning if not before.

[ferries5] 21/4/2017 08:06

Cheers Slavy.

It may clear up a few uncertainties.

[slavy] 21/4/2017 06:20

AAZ presenting at Proactive Investors One2One Investor Forum - London 9th May

[jeanesy] 20/4/2017 16:26

Why in 13k chunks ?

[mattjos] 20/4/2017 15:18

jeanesy,

I really think you need to wait to see how Gold closes Friday night & then Monday morning before you can determine whether or not it will breach $1,300.

It may only be the first round of elections in France but, absolutely no one is being brave enough top try and call the result.

Then on Tuesday we may or, may not, get NK setting of its nuclear bomb.

There are simply far too many potential black swans in the offing through 2017 for Gold to fall too far before it gets bought again on the dip.

The $1,375 level looks rather more of a hurdle to overcome than $1,300 to me but, a clear breach on $1,300 will clearly signal to everyone that the 7-year downtrend has been broken and should result in fresh buying to take us up to challenge $1,375 for a second time.
Get through $1,375 and then it looks relatively clear to $1,500

Who is selling in 13k chunks here I wonder?

Anyway, soon time to Bed'n'Isa a chunk more for me

[jeanesy] 20/4/2017 15:14

Buy price here falling all the time, now below mid so every buy ( like the 100k one at 18.75) is looking like a sell. How low is this going to go short term ? That is 2 x100k buys today. Is someone accumulating. Lots of pi's selling but perhaps someone is accumulating after all?

[zhockey] 20/4/2017 14:07

Maybe Azergold said sort out you own house first and prove you know what you're doing?

[bleepy] 20/4/2017 09:12

From strategy update.....

Flotation treatment of ore prior to leaching now underway to process ore stockpiles with high copper content and to improve flexibility of processing operations.

Is is just coincidence that flexibility of processing sulphide ore with high copper content is configured and AzerGold, national gold mining company of Azerbaijan, orders a feasibility study (FS) of mining of sulphide ore field Chovdar.

AAZ have the knowledge, plant and exhibiting the process by recent reconfiguration.
Slam dunk I'd say.

[jbe81] 20/4/2017 08:48

Will we find out anything then? Will there be anymore tenders announced?

[mattjos] 20/4/2017 08:46

Unless some completely new entity enters the arena (without the local knowledge that we have) AAZ still must be considered in the hunt for Chovdar.At the AGM last year, the BOD made it clear they were working on it but, at same time, would only get involved if/as/when the asset had been 'cleaned up' so to speak.AZERGOLD looks to be doing this via the tendering process.I still think we should not exclude 'an arms length' negotiated agreement between ourselves and the state for Chovdar later this year