Anglo Asian Mining Share Discussion Threads

[celeritas] 09/8/2017 11:10

The operative word being "seems".

[basem1] 09/8/2017 11:05

The pressure for stock seems to have dissipated. ?

[mattjos] 09/8/2017 11:02

Don't see a spread this close very often

[jbe81] 09/8/2017 10:18

Gold looking to break 1270, Aaz very cheap

[jeanesy] 09/8/2017 09:16

Nice 50k buy - albeit a delayed trade. POG back over 1260. doesn't appear to have been any auction action today ?

[catsick] 09/8/2017 04:13

As far as japan rearming goes I am sat having lunch in Tokyo at the moment and there are about 500 right wing japanese nutters outside with loudspeakers ranting outside the russian embassy about some islands they want back, they seem to care a lot more about these islands than north korea, they have about 1000 police milling around and managed to shut the American club so I am missing my lunchtime swim ..... I dont think anything will happen with north korea, its a situation both side are happy to grandstand over. As far as aaz goes I think we are on the cusp of much greater things ....

[2sporrans] 08/8/2017 23:23

The USA is not under any significant threat from NK; long ways to go before NK has sufficient capability to offer more than a token counter punch to what ever total devastation the US could instantly unleash upon it. Thinks.... formidable US anti ballistic defences.

However, SK is very much threatened by NK and to some extent Japan too.
Currently, these nations rely on US 'containment' policy for their security.
But this is changing.

Japan is already re-arming, to counter growing Chinese Naval/air domination of SC Sea etc.
$51-bn Defence budget.
But more profoundly, Abe Gov't is looking to modify post WW2 constitution such that it can acquire/develop weaponry with serious offensive [preemptory] capability; e.g. cruise missiles.

hxxps://www.wsws.org/en/articles/2017/04/01/japa-a01.html

As yet, little [open]talk of nuclear arms for Japan.
Bettcha there's plenty behind closed doors.
Why would the Japanese not acquire a robust deterrent of their own; one sufficient to dissuade even a paranoid [is he already?] Beloved Leader from throwing the first stone?
You'd think the BL has thought through how this particular consequence of his belligerence may develop.
Maybe he has and thinks a nuclear Japan is a negligible threat v the existing American one.

Not bothered about the BL giving Trump "the V" but it's rather concerning that the Chinese may now lack the powers of persuasion to check the BL; even if they cut off all fuel supplies he may not be deflected from further escalations...

As to whether all this all has any implications for the POG, could speculate endlessly.

[el_duderino_7885] 08/8/2017 22:47

hxxps://youtu.be/YHiCrTAD6A4

Absolutely wicked people. I know they exist everywhere but it's time the international community came together and actually did something about this IMO.

[el_duderino_7885] 08/8/2017 21:44

Yep jas, hence my post earlier.

This statement comes as no surprise. Gold should be up a lot more than $5 from that statement, ridiculous!

Something does have to be done, we can't just sit here and wait for them to really have the technology to launch nukes. I've no doubt those evil b*stards would have no hesitation in using them.

[thomas11] 08/8/2017 21:30

The Ipo - wasn't that the document that claimed over 240k oz per year production in 18 months or so. Sorry for taking that sales document with a pinch of salt

[jaspoland] 08/8/2017 20:58

You can always count on Trump. Surely he won't be so silly !!

[mattjos] 08/8/2017 20:42

Last time I will try to persuade people to thoroughly read the IPO docs .... fgsake, we are only just now scratching the surface at Gedabek. let alone Ordubad.

Look at current metal prices and £:$ exchange rate. Do the maths for yourself.


"Tabulation of the Company’s gold and copper resources in those properties reviewed by Behre Dolbear
Deposit Category Ore Cu Au Au eq k oz
k t k t k oz3 50% Cu
discount4
Shakardara (Ordubad) P22 156,000 624 5,805 7,875
Misdag (Ordubad) P1 350,000 1,505 - 4,992
Shalala (Ordubad) C21 + P1 20,600 103 - 342
Piyazbashi (Ordubad) C2 + P1 890 - 189 189
Agyurt (Ordubad) C2 + P1 1,130 14 246 294
Diakhchay (Ordubad) C2 + P1 14,400 63 - 210
Gosha C2 + P1 2,750 - 424 424
Gedabek C2 + P1 19,200 69 1,026 1,255
–––;––̵1;–– –––;––̵1;–– –––;––̵1;–– –––;––̵1;––
Subtotals 564,976 2,378 7,690 15,581
–––;––̵1;–– –––;––̵1;–– –––;––̵1;–– –––;––̵1;––
Upside potential (further detailed
at Para 5.10 of the CPR) 10,000 45,000 78,105
–––;––̵1;–– –––;––̵1;–– –––;––̵1;––
Totals ––1̵1;2––,3–7––;8 ––5̵1;2––,6–9––;0 ––9̵1;3––,6–8––;6
Note 1: In Behre Dolbear’s opinion virtually all C1 resources which were approved by the USSR State Committee on Reserves would qualify as Measured Resources by Western standards. Lower quality C1 resources and at least half of Soviet C2 resources would qualify as Indicated Resources by Western standards. Lower quality C2 resources and many P1 resources would qualify as Inferred Resources.
Note 2: Behre Dolbear states that P2 resource estimates generally have little quantitative significance, but in the case of Shakardara they consider that the characteristics of this particular P2 resource (given the density of sampling and geological environment)warrant classification as an Inferred Resource.
Note 3: Includes 0.463 M oz of gold equivalent for the silver resources (see Table 5.6 on page 98 of this document).
Note 4: Includes 7.892 M oz gold equivalent for the copper resources (discounted by 50 per cent.) and 0.463 M oz gold equivalent
for the silver resources (see Table 5.7 on page 98 of this document).
3. Valuation
Behre Dolbear carried out a number of valuations of the resources, details of which are set out in the valuation section of the Competent Person’s Report beginning on page 91 of this document.
On the basis of an analysis, historical and recent, of the gold and copper markets, Behre Dolbear adopted for valuation purposes a base case price of copper of $1.12 / lb and for gold $372.27 / oz. On a gold equivalent calculation (which, included copper values at 50 per cent. only), the equivalent resource is 15.58 M oz.
After analysing related transactions (the price paid for comparable mineral properties) and taking into account market sentiment and prices in the region of $430 / oz gold and $1.45 / lb copper, Behre Dolbear believes that a purchaser would pay a minimum of $450 million for the Contract Areas thus valuing Anglo Asian’s 55 per cent. weighted interest at $247.5 million. However, Behre Dolbear note that special circumstances that relate to particular mining projects can have a significant impact on value and modify values accordingly.
As an alternative, Behre Dolbear undertook a valuation of Anglo Asian’s assets by taking market multiples on 28 February 2005. A selection of companies with holdings and resources of a similar nature to those of Anglo Asian were selected for comparison. The principal method used was that of value ascribed to each
ounce of Inferred Resources that would accrue to the market capitalisation of the Company. The valuation of the properties on a market multiples basis would as at 28 February 2005 be $639 million. At this value,applying Anglo Asian’s 55 per cent. weighted interest, Behre Dolbear values Anglo Asian at $351 million.
However, since 28 February 2005 there have been significant changes in metal prices, stock market values and exchange rates. Using prices as at 21 July 2005 would give a valuation of the properties on a market multiples basis of $468 million with Anglo Asian’s share being $257 million.
Behre Dolbear believe that an appropriate exchange rate would be $1.90:£1 or the average of the past ten years which was (using 1 January 2005 values) $1.61:£1 or the average of these two numbers, $1.75:£1.Using the $1.75:£1 exchange rate, the related transaction valuation of $247.5 million would be £141 million.
At the same exchange rate, the market multiple valuation of $351 million would be £201 million.
It should be noted that Behre Dolbear’s market multiples valuation is calculated on the 7.69 M oz of gold (including 0.463 M oz of gold equivalent for the silver resources) plus an additional 7.892 M oz gold equivalent for the copper resources (discounted by 50 per cent.) which were specified in the Soviet-era
studies. There are a number of factors, some of which overlap, which have not been included in the calculation of these values. These include:
(a) the potential 10 M t contained copper and 45 M oz gold in the Primary Contract Areas referred to in the table above;
(b) any increase in value which can be ascribed to the fact that confirmation sampling carried out by Behre Dolbear showed significantly higher grades than the Soviet-produced grades (for instance, at Shakardara grades were significantly higher than the Soviet studies);
(c) the absence of any gold grade for Shalala, Misdag and Diakhchay (in the Ordubad Contract Area) in the Soviet-era reports. These sites were not surveyed for gold by the Soviets but confirmation sampling carried out by Behre Dolbear (but not used in their valuation) at Shalala (in the Ordubad Contract Area)
indicated 6.28 g / t at Shalala (see paragraph 3.7.2 of Competent Person’s Report);
(d) no value has been ascribed to any of the 14 other properties in the Primary Contract Areas for which Soviet-era studies are available. These have been identified by Behre Dolbear but not included in their valuation as these were not part of their initial terms of reference;
(e) the Behre Dolbear valuation takes no account of the anticipated large amount of molybdenum expected to be present and for instance referred to in the Competent Person’s Report at paragraph 3.7.2; and
(f) no value has been ascribed to any property in the Contract Areas located in the territory of Azerbaijan occupied by Armenia.
The Behre Dolbear valuations and a discussion of the markets for gold and copper are set out in full at Part 4 of the Competent Person’s Report."

[2prsimo] 08/8/2017 20:28

No, that's PVR, lol!!!

[goodgrief] 08/8/2017 19:54

Hopefully that seismic hasn't just identified a large pool of fizzy water!?

[jbravo2] 08/8/2017 18:55

@zh, I think its due to the rumour that they've used the very latest seismic technology to identify a solid lump of gold the size of a house only a couple of thousand metres below the surface :)

[mattjos] 08/8/2017 18:42

It became worth that as soon as you sold out zhockey :-)

[zhockey] 08/8/2017 18:04

How do you get to a 3-5 £ valuation?

[celeritas] 08/8/2017 15:31

The figure may be higher so I guess some will already be well in the know as to how much higher.

[mattjos] 08/8/2017 15:25

nice find puntogt .. thanks for sharing :-)

[puntogt] 08/8/2017 15:11

hxxps://www.azernews.az/business/117333.html

"The gold reserves in this field are about 195,000 ounces, according to preliminary data. However, the figure may be higher based on the results research work. The precious metal is located at a depth of 360 meters"

[el_duderino_7885] 08/8/2017 14:53

North Korea situation looking dire.

I'm generally anti war but I do think something has to be done. Not just to prevent a nuclear strike in the future but that's an entire country essentially in a post world war 11 prison they never escaped from.

It's shameful that the world has done nothing in the past 70 years other than impose sanctions which only hurt the innocent people who live there.