Anglo Asian Mining Share Discussion Threads

[jbravo2] 10/6/2017 15:27

A feeling in his water?
Ermm , nothing?
The chance to say "oh, no news, this must be headed to 8p" on Monday?
Honestly, what value has he ever brought here?


I'm not sure what he's adding apart from incessant "POG down, lookout" etc etc

He clearly wants back in with his (ahem) fortune at a lower price, say about 5p.
I'm not sure we need him on the thread. Please consider banning him matt. He was annoying when he was holding, now he's a kind of annoying without any value.

Thanks.
:)

[jaspoland] 10/6/2017 08:37

Jeanesy what makes you think that?

[jeanesy] 09/6/2017 20:32

News on monday ?

[bleepy] 09/6/2017 18:09

Reserves and exploration

Summary and future evaluation

A further geological exploration target has been defined in the expanded Ugur area based on similar alteration and geomorphological position to the Ugur deposit that is located about 1,500 metres to the south of the current Ugur RC drilling area. This will be further evaluated as part of the 2017 programme of field work.

[mattjos] 09/6/2017 15:32

am offered max 35000 online at 19p but can sell plenty at 17.1

[catsick] 09/6/2017 14:05

Yes I got those. But basically the result of multiple failed orders

[mattjos] 09/6/2017 13:59

someone has managed to get 25k in the auction and cleared out Cantor ... now only available at 17.95 for small volume

[mattjos] 09/6/2017 13:45

max online all day is just 1,500 at 17.49
can sell bucket loads at 17.15

[2sporrans] 09/6/2017 11:28

"spent a fortune on an AL plant that cannot economically deal with Sulphide ore.

They are cheap as they need to find a lot more Oxide ore and the market is sceptical."

Zhockey


All here:

I'd welcome some clarity on current capabilities/capacities of the processing plant to handle either sulphide or oxide ores.

Seems to me that the current set up to process from flotation first and then AL plant + SART is in fact suited to sulphide ores [as most of the stockpiles].
So the issue, if there is one, seems to be one of the capacity limit of the Flotation plant. Also maybe a secondary one to extent Production costs are greater with flotation led processing rather than AL plant led as through 2016.
Is there a problem with capacity or processing costs?
Will the floatation and or SAG mill capacity require enlarging if ores turn out to be predominantly sulphide going forward and what production level are we envisaging to justify this?

As for the admittedly very expensive AL Plant:
1.The capital cost is sunk; it's history. Yes, the consequential debt remains a headache. [Maybe ~$27-mn now ex. Vasari's loan and latest repayment allowed for.]
2. The [ex. sulphide ore] can be fed through, after flotation, to extract further gold [+silver] in particular [the copper essential extracted via floatation. So it is productive in any event.
3. There's going to be a substantial feed of oxide ores from Ugur and there MAY be from the main pit + Gadir come 2018. Regardless, my impression is that the sulphide/oxide issue is a far lesser concern than the reserve amounts, grades and cost of extraction here. What's the Gosha ore again; S or Ox? Still ~10k-oz pa coming out of it.

So, going forward seems to me we need to be sizing up a potential CAPEX on flotation plant requirement, [if there's plenty of sulphide ore being extracted; not in itself a bad thing.] rather than bewailing that the AL Plant may be somewhat underutilised.

[jeanesy] 09/6/2017 08:27

POG is taking a hit ... down $20 from recent highs. This months 'production' figures should be with us next week. They surely must be stable as we are producing from stockpiled ore !!! Still waiting for news on resources which will be very very important on future direction here however cheap some here think these are atmo!

[mattjos] 09/6/2017 08:17

Our $ earnings translating into more £'s now

[mattjos] 08/6/2017 22:36

£1.27½ may prove the high of Wave 3 ..... that is not yet forecastable as it may easily extend much beyond that. Wave 3's most often extend in resource stocks.

However, if that does prove a barrier then, 80p will prove to be the low of Major wave 4 advance, during a short & shallow (opposite characteristics of Major Wave 2 decline) retrace and then Major Wave 5 advance to minimum of £1.50.

Wave 3 or Wave 5 could extend but, for now, I am happy to rely on the simple characteristics of a major 1,2,3,4,5 pattern. POG or a takeover situation will likely be the determining factor in whether or not Waves 3 or 5 extend.

If I was forced to predict something, it would be a placing in order to fund a major expansion or acquisition & that would see the 80p level re-tested before the final Wave 5 advance to a very significant new all time high.

If we get to the 1.50's & onwards then a 2-3% divi would see many investors here virtually recoup all their purchase costs from the lows completely reimbursed in under 18 months ... that would suit me just fine.

[mattjos] 08/6/2017 22:10

I commented, when I sold out at 33p, that this would close the 4 --> 4.5p gap & was met with derision then.
It did just that and then violently reacted up to 10p in 2015 as buyers twigged the gap fill .. there was no news to propel it then.
(Bashirov was in a pickle and continued to sell for the next 12 months before departing & leaving a rump to Cantor to get shot of. Once they had sold that off, the price moved to 34p).

We've just experienced an entirely explainable, 2-step decline but, I still believe the major, longer-term uptrend is well intact. New advances always take time to get going but, we are 10% off the lows now and sellers have pretty much dried up .. there is a likely +ve news in the offing now so, why sell ahead of a likely upward catalyst (UGUR JORC)?

Eight years, I followed this in detail now & I believe I have the chart pegged & the fundamentals and likely catalysts identified. nothing is guaranteed and there is always the possibility that I make the chart fit the story / vice-versa but, my main forecasts have been right since the 33p level in 2013 & that was a major saving call then.

All that techno-charting stuff aside .. it is simply TOO CHEAP to ignore so, I continue to add to my holding

[mattjos] 08/6/2017 21:56

for you zhockey ... if you are conversant with the theory you should be able to clearly identify:

Major Wave 1 advance in 5 up steps
Major Wave 2 decline in a zig-zag pattern ... did not end in a new low!

The start of Major Wave 3 advance

Now in recent minuet:

The 5 steps of Major Wave 3 advance, Sub-wave 1 (advance)
The 3 steps of Sub-Wave 2 decline, halted at the 61.85 retracement level

The infancy of Major Wave 3, Sub-Wave 3 advance ... I believe, started at 15p


free stock charts from uk.advfn.com


Target Major Wave 3 is minimum £1.27½

We'll see

[mattjos] 08/6/2017 20:40

We know you've sold out and are likely looking to buy back in as you have been an in/out investor for a while here but, I really don't think you're going to see the silliness of a sub £10m mkt cap here cap here again .. particularly in the current climate for gold.This current situation reminds me so much of when we were sub 20p before and we're advised of an imminent Gedabek resource upgrade.Back then though the company was a far smaller affair that it is now. We are now waiting on an Ugur maiden Jorc (which we are now able to produce on-house) in addition to revised plans for Gedabek & Gadir. I personally think you are playing a dangerous game trying to time your re-entry now in the hope of a lower price ... we are far too cheap as it is now, let alone any lower. However, you must do as you wish

[zhockey] 08/6/2017 20:31

Is that not reality?

[mattjos] 08/6/2017 20:23

Lol .. keep trying zhockey.

[zhockey] 08/6/2017 19:58

Celeretas, nothing to do with a big seller, the company have disappointed time and time again and spent a fortune on an AL plant that cannot economically deal with Sulphide ore.

They are cheap as they need to find a lot more Oxide ore and the market is sceptical.

[mattjos] 08/6/2017 15:46

only 7.5k online now Cel.

lefrene .. welcome. I have tried to put as much as I can into the thread header but, if you do have any questions at all, please fire away. This has always been a terrific thread and all investors who frequent it have always been generous and willing to share anything/everything they know / have observed about the company & its management.

The seller (Bashirov) that beat the price down to 4p was a forced seller at the time

[celeritas] 08/6/2017 15:24

Hi lef, nice to see you here. The company was beaten down by a large seller which is why you are seeing it so cheap but with a bit of luck it will be recognised at some point hopefully very soon as a Jorc resource statement cant be far off. Plus theres always the chance of bagging a new licence from the old Aimroc assets.
Its aim so still a risk as all aim co's are.


It can be quite illiquid at times like today when you can only buy 15k online but generally unless you are buying/selling 100k at a time you'll be fine.

[lefrene] 08/6/2017 15:08

Cel, this is a very differently run company to AL's Moni, I don't think I have ever seen such a comprehensive set of accounts ever. The only thing I'm not sure of is the exact nature of the deal they have with the Azeri government. Corporation tax at 32% and a separate $10.2 million set aside. But other than that it looks like all the grief and pain have been gone through here, in production, decent profits, paying down debts and nice fat tax deductible losses still to be used ($19 million). Should be a case of onwards and upwards.

[celeritas] 08/6/2017 14:14

Same here, 15k available. Looks like I might have to move my limit buy.

[mattjos] 08/6/2017 13:09

stock tightening up now after several days of 50k available online at 17.4

Cant get quoted for anything larger than 15k online but, am bid near mid-price for 50k to sell