Anglo Asian Mining Share Discussion Threads

[zhockey] 26/7/2017 09:31

Well my take is the news is pretty neutral, direction from here depends on the gold price IMO.

They need to find 1M oz of Au or increase Cu production massively in order to rerate.

[andrewsr] 26/7/2017 08:18

El dud,
The algorithms are programmed to take out stop losses just below support levels, which is why you see sudden falls near support levels, rather than sudden rises.
I've heard about banks placing massive naked shorts, but it sounds like and probably is a mad conspiracy theory.

[wrighty46] 26/7/2017 08:15

Why's that?

[jbravo2] 26/7/2017 08:13

We'll see a higher volume of shares traded today
As a ballpark figure somewhere in the order of 6-700k shares will be sold by Round and Zamani to exercise their options (combined 1.1m shares) at zero cost. Depends on the price the mm's will give them obv. but also what the tax implications are for each of them.

[crazycoops] 26/7/2017 05:28

Or employees

[mattjos] 26/7/2017 01:08

Thread flag counter tells the story recently:

5th highest visitor country is Azerbaijan so, I suspect that Mngmnt do actively read the thread.

[mattjos] 25/7/2017 23:14

gutterhead. We can only wait and see & certainly one step at a time. However, the Behre Dolbear report was mainly based on the Soviet exploration results & a Micon report entitled; "Review of, and Proposed Exploration Plan for the
Gedabek, Gosha and Ordubad Properties, Azerbaijan Republic, September 1998”

try as I might, I have never been able to get hold of that report anywhere but, I would sure like to see it!

Anyway, compared to Behre Dolbear's 2005 document in support of the IPO, look at the key valuation drivers today:

Gold is now $1,250/oz ... that is virtually 3 times higher!
Copper is $2.85/lb .. virtually 2 times higher

$:£ is now $1.30 : £1 ... the £ has dropped 25% against the $

Admittedly, we have not yet proved up the resources to modern day JORC standards but, the stuff is still in the ground. Now though, importantly, we are able to process it & have the firepower to prove it up to modern day standards .. back in 2005, it was just a plan.
What price the asset base on these metrics, once proven-up?

[terropol] 25/7/2017 22:46

Can we start booking the Nottingham restaurant for a start...

[gutterhead] 25/7/2017 22:40

Crikey Matt, 34p will do initially let alone ten times that!

[mattjos] 25/7/2017 20:18

Blimey, that is some move in Copper.
Our stacked Sulphide ore has just shot up in value. Goodness knows what the real value of the Gedabek ore body is.

From memory, the Behre Dolbear report suggested A N Other party would have to pay something like $247m for AAZ's 55% weighted interest in the AZ assets.
This was based on $430/oz gold, $1.45/lb copper and exchange rate of $1.75 : £1

Look at the metals valuation now and the $:£ exchange rate.

Now, can more of you begin to see how one of the EW targets here on the chart is circa £3.42? It is not an altogether impossible target. Just need a few events to align in our favour

[el_duderino_7885] 25/7/2017 20:00

I wouldn't normally listen to anything on (Sh) itco.

But yes of course it's the hedge fund algorithms. And they are mainly programmed to sell and buy gold based on the dollar/yen, and to a lesser extent interest rates - (bond yields) and the ViX.

This is why the wash and rinse cycle continues as gold continues to be gamed.

Where the banks come in is "printing" almost unlimited naked shorts to try and keep gold within certain ranges and manipulating exchange rates. Once they have squashed the algo driven demand by their fake supply of naked shorts they bring the hammer down and rinse out the speculators and make a fortune.

What's compelling right now is that the banks seem to be short covering more than we've seen in a very long time whilst the hedge fund shorts are also at extremes. It's a very bullish set up for paper gold and silver.

[el_duderino_7885] 25/7/2017 19:00

Work had been insane so barely had a chance to read through the RNS but all looked very positive at first glance.

I'll be looking to increase my investment here soon.

Copper threatening to post the highest daily close in two years!! All bodes well for silver prices too. I'm expecting silver to explode very soon.

AAZ chart showing a clear breakout too! Where is Zhockey???

[mattjos] 25/7/2017 18:23

that might not seem like much but, in terms of the gold chart, it would put us here, where the Blue cross is over on the right ..... would be difficult to argue, from a chart perspective, that Gold had not then certainly broken out of its consolidation pennant


free stock charts from uk.advfn.com

[mattjos] 25/7/2017 17:59

Statistics would suggest the next two months will be good for gold.
AVG 1.4% gains in August & 2.5% in September

$1,250 + 1.4% = $1,267
$1,267 + 2.5% = $1,299

[catsick] 25/7/2017 17:51

Looks like its all very well set up now the oxide is going to be really cheap to mine soft and right at the surface so no overburden to strip at all, its going to be super cheap to extract and perfect to blend in with the sulphide which the have had too much of to deal with. If they use a 50/50 mix they can maintain current production for 8 years without finding another ounce of gold, plus it looks like there are some nice high grades in the underground continuation of gedabek in addition to the 400k oz of sulphide they still have there with all of its copper, the debt is already well withon the range to be expected for a producer of 60k oz so these should be re rated soon given they can now clearly maintain production for many years while having some exciting exploration prospects.

[ferries5] 25/7/2017 17:06

As of June 30, 2017,

Anglo-Asian Mining owes $11M to Azerbaijani banks


As of June 30, 2017, Anglo-Asian Mining PLC’s debt on loans stood at $30.4 million, according to annual report and accounts.

The company owes $6.2 million to Amsterdam Trade Bank, $6.2 million to Gazprombank, $6.2 million to PASHA Bank, $3.9 million to International Bank of Azerbaijan, $2.6 million to Yapi Kredi Bankasi A.S., $0.5 million to Kapital Bank, $0.5 million to Atlas Copco, APA reports.
Anglo Asian Mining borrowed $3.8 million loan from eth director.

[bleepy] 25/7/2017 14:32

Mattjos

Perhaps a graph showing copper price in the header as its new found value beginning to emerge.

[bleepy] 25/7/2017 14:27

A fully electric version of the Mini going into production in 2019 at Crowley

Good news for copper with motor manufactures committing to all electrified vehicles.

[ilostthelot] 25/7/2017 14:22

Looking good for sustained run Higher after the news.Solid company that keeps on delivering. Happy to hold 😊


Just think when we have no debt and producing 100 k a year with 500k reserve's. what will the value be then?

[jbe81] 25/7/2017 14:17

Big move in copper price today

[mattjos] 25/7/2017 12:04

nearly regained back to the 38.2% retracement level now so, already a 50% gain for those that bought around the 15.25p level recently :-) but, still far, far too cheap.

Welcome back jeansie :-)

[cannonfodd3r] 25/7/2017 11:27

Nice to see some movement after a lot of time spent sitting waiting. What is clear is that any on the fence sold and those left just sat tight, so I imagine there's very little stock if any in free float.

Exciting times