Anglo Asian Mining Share Discussion Threads

[celeritas] 23/6/2017 17:36

Copper is a much better conductor than aluminium, resists higher temps and corrods less so is the preferred metal, however aluminium is used when copper gets expensive.
As Matt says I can see a huge mkt for copper regarding hybrid and electric cars which wont switch to aluminium.

[mattjos] 23/6/2017 17:26

all quite true .. was at the Toyota Burnaston plant recently on a project and the engineers there say Toyota will cease production entirely of diesel engine only cars in 5 years time.
Beyond that, all their cars will be either hybrid petrol or solely electric before going completely electric when the charging infrastructure is built out.

I hear similar also from Tata in India (who own JLG here also).

Some copper cabling (for power transmission) can be substituted with Aluminium but, not in electric motors

[goodgrief] 23/6/2017 16:20

Given copper has become more significant to AAZ... I came across this tip sheet email pushing the notion of a looming copper shortage. Warning, despite heavy editing it's still pretty verbose.

"This Commodity Shortage Is Finally Here

What makes copper so special? Copper Is Everywhere... It Runs Everything... It's the World's First and Most Crucial Conductive Material.

Ever since the very beginning of electrification, copper has been a universal, and that's one thing that even two centuries of technological development haven't changed. 

The problem is, in the past, copper was one of the most abundant metals we had, and supply was rarely an issue. As electrical devices and the copper on which they relied became more and more prevalent, however, that balance shifted. That balance shift was what led to the decision to take copper out of the US cent in 1982. That 1982 decision bought the world some time to get its copper requirements in order — seemingly enough time — but nobody in 1982 could have ever predicted just how profoundly the electronic revolution that came in the 1990s and 2000s would throw off their projections. 

The exponential explosion in computers, televisions, and particularly electrical motors, each of which required a copper coil to create a magnet field, hit the copper supply so hard that another crisis would start to loom just as the previous one was averted. 

In 2009, we crossed a very important, historical milestone... There weren't any fireworks, though, because it wasn't the kind of milestone anybody in their right mind would want to celebrate.  That year, you see, we hit a tipping point. The 24 years leading up to 2009 saw half of all copper ever produced used up in the course of industrial consumption. 

In the 24 years that will come after 2009, the amount of copper we'll need will be double that — equaling the sum total of all the copper ever produced. 
So, putting this into perspective... Between 1984 and 2009, humanity consumed half of all the copper it's ever produced, starting from the very dawn of civilization. 
Between 2009 and 2034, humanity will consume it all. 

But how can that be possible, with so much copper already in use across the world in billions of miles of wiring and billions of electronic devices? The answer is that it's not. Between 2009 and 2033, demand will exceed supply... by a long shot. 

Today there's a new force pushing copper demand. It's one of the biggest things going on right now in the tech world, and in the coming years, it's going to completely change the physical appearance of our cities. I call it "industrial electrification"... and it's nothing short of a second industrial revolution. 

With the rise of electrical vehicles, both personal and industrial, and the explosion of renewable energy generation like solar and wind power, the world is finally leaving behind fossil fuels as the primary source of power. 

Their demand for power is set to explode in the next two decades, growing by a factor of more than 100 as EVs start to dethrone the internal combustion–driven vehicle fleets of the world. 

Even if all of our existing copper producers go into full overtime and run their smelters 24/7, we'll still be out of copper by the early 2030s."

[mattjos] 21/6/2017 10:39

stupid situation without the trades being properly reported here.

I see the MM abbreviations have now all reverted to their old ones ... eg. Shore Capital has gone from SHOC back to SCAP so, I assume the exchange IT systems are being rolled back to some prior version to try and solve the problems.

That 7,910 shares at 18.9p; looks like it was a UT from the morning auction and hence why the price is being marked up but, there was 33k stock supposedly offered during the auction at 18.25p from 08:50 to 09:00.

Doesn't make a heap of sense to me at this time

[ferries5] 19/6/2017 13:35

Azerbaijan records explosive growth of gold production

Not sure if it tells very much

[jbravo2] 19/6/2017 11:18

Mostly right there cannon.
You're right Chovdar is expected to produce a smaller amount than Gedabek. About 40koz a year, however the large report is due to AzerGold dore being sold.
AIMROC had built up a stock of several hundred kilos of dore they couldn't sell. This is why they had to shut down, they couldn't sell their products on the open market. (Company structure and all that)
This metal was sold to AzerGold as part of the assets and is now being offloaded by AzerGold. It was in the press that $20m or something had already been sold and from memory that was about a third of their stock.
It will be a bumper year for AzerGold but it won't be representative of future production.

[cannonfodd3r] 19/6/2017 10:52

Well there is no way Chovdar is producing the same if anywhere near the amount AAZ is as they only have heap leaching and it's only just restarted so either aimroc have started feeding in previously produced gold to clean up the sale of it or and more likely things are going very well at gedebey with regard to stockpile useage

[jeanesy] 16/6/2017 19:07

hxxp://interfax.az/view/705958

hxxp://en.apa.az/azerbaijan-economy/infrastructure/azerbaijan-sees-2-2-fold-increase-in-gold-production.html

[robo15] 16/6/2017 18:50

what are the production figures??

[robo15] 16/6/2017 18:49

Where are the production figures ?

[jeanesy] 16/6/2017 18:18

Production figures are out, but because they are now combined with production from Chovdar then there is no way of working them out , so we will have to wait until quarterly figures , unless they are divulged at the AGM.

[zhockey] 16/6/2017 14:50

Celeritas click the filter button if you like.

[jbravo2] 16/6/2017 13:49

Only for the share price to collapse?
It was lower at the time of the last AGM than it is now you silly sausage

[celeritas] 16/6/2017 13:22

zhockey, has this stock been unkind to you? I don't get it, what do you get from posting when you don't hold other than the delight of hoping it goes down to prove you right in selling.

[mattjos] 16/6/2017 12:47

you never know zhockey :-)

but, we all know you are still keen to see it lower for your own purposes

[zhockey] 16/6/2017 12:39

Well last year the guys that went to the Agm came away enthused, only for the share price to collapse

[mattjos] 16/6/2017 11:07

only 35k stock available at the extremes of the spread. Zero volume so, I am guessing the MM's unsure which way to take the price this close to the AGM

[mattjos] 14/6/2017 21:17

Honestly, the market and its droves of observers and commentators seems to hang on these announcements as if they are words from the Gods.It's just plain simple common-sense, cloaked in gibberish wordy statements.The simple fact is that the USA & global economy, despite the massive stimulus, is still struggling to gain the necessary thrust to breakaway from the black-hole of the last financial crisis.It is the huge & growing global debt load that is proving to the gravitational pull back to the black hole & it despite All words of encouragement from the bridge, Scotty (in the engine room) just does not have the necessary warp speed to bring about the desired result. Now the warp engines are depleted and need recharging ... but, that's a very slow and risky process. A fascinating summer beckons

[mattjos] 14/6/2017 19:44

Supposedly only one more raise this year. I don't buy it personally & cant see it before December, if at all.This one was a Cert and now Gold has at least 5 months to breathe in my opinion.I'll be quite happy to see it maintain at least a weekly closing floor of $1,250 for next week or two before the main downtrend breach emerges .. this week looks to me like the small back test only.A good AGM JORC statement combined with a $1,300 breach for Gold ... that would be pretty much perfect result for AAZ in the near-term.Clocks ticking Zhockey :-)

[mattjos] 14/6/2017 16:22

they are desperate to try and create some room below for the next set of actions to recover from the next recession.
Historically they have done all they can to keep a lid on Gold but, with the Far East now a much bigger buyer of the physical that is getting harder and harder.
In any event, Bitcoin and other crypto-currencies now offer an alternative for investors and that looks like it will be much harder for the Central Banks to control so, the game may well soon be up

[ironstorm] 14/6/2017 16:00

Yes, the mood music has been that they will raise anyway. I think that'll be a mistake but they seem determined to keep raising and push anaemic growth figures into reverse.

[mattjos] 14/6/2017 15:55

The FED has waited so long now that it looks at risk of trying to raise rates just as the next recession is starting. Not good at all!
Gold well bid today

[mattjos] 14/6/2017 15:53

going to be an interesting FED statement this evening ... they may be trying to persuade everyone that things are just fine & dandy but, that is not the case.

Some pretty awful figures out in America today.

The Auto Debt figures look absolutely appalling. Negative equity for vehicle trade-in Q1 2017 hit an all time high of $5,195 per trade.
Average new-vehicle loan term in Q1 2017 is now 69 months!!
Folk are drowning in debt & looks like they are roling the negative equity into new cars and taking on new debt at ever greater length of loans.
Meanwhile the car factories keep pumping out new cars and the dealers are signing ever more dodgy finance deals to try and keep sales ticking along.
This is clearly not sustainable.
GM is going to idle factories this summer and I saw that Ford recently observed they belied they were now past peak sales in this cycle.

A bit of evidence of that here ... Have just ordered new Ford Transit for the company. Med Roof, Med Wheelbase, Cruise, DAB, Fog lights, Auto Gearbox, 130Ps.
(I always order with extras to make sure it is a delivery straight from the factory and not a holding field somewhere in the UK) .... got 32% Discount of list !!
Last time I could get those sort of discount levels was 2009

[mattjos] 13/6/2017 11:16

Patience zhockey :-)

[zhockey] 13/6/2017 10:56

Hmmm what happened to golds break out?

Matt care to post that chart again? It should now show the double top.