Anglo Asian Mining Share Discussion Threads

[waleoilbeefhooked] 01/9/2017 15:56

This is coiled like a proverbial spring. We could see some serious upside next week. WOBH

[brasso3] 01/9/2017 14:23

Interims were 12th Sept last year.

[puntogt] 01/9/2017 14:04

29.7p to buy with my broker.

[jbe81] 01/9/2017 14:02

A few more gone in the auction, will really fly on PI buying once they have cleared. Should be just in time for what should be a very good set of Interims in just over a week. You shouldn't have to wait until the end of 2017, Jbravo.

[mattjos] 01/9/2017 13:48

$1320+ Gold & $6,800 Copper .. £30m mkt cap? Too cheap

[jbe81] 01/9/2017 13:40

Well doesn't look like the jobs report will stop gold

[jbravo2] 01/9/2017 12:48

Indeed 2sporrans.
Quite a different feel to the mad dash to 30p last time too.
The seller seems to have shut up shop somewhat. It took him long enough to realise he was being taken for a mug. There is such pent up demand here.
We have a sizeable buyer in auctions and after hours (he's been around on and off for months now). Then there's the PI's who have cottoned on to what is happening here.


@everyone else
If you think of yourself as a PI who hasn't cottoned on yet, think about the conversation yesterday. Think about the possibilities for who wants this stock badly, but rather than wanting a higher price for a return immediately, who wants to accumulate as much stock as possible, over months, at as low a price as possible?



60p before end of 2017

[2sporrans] 01/9/2017 12:42

30p offer quoted.
Another rung up the price ladder arising?

[jbravo2] 01/9/2017 12:42

Usual story.
Can sell at over 28.5p but can't get a quote to buy any number.
They need more supply but they're gonna have to raise the price til someone with a good holding cracks! :D


See through tactics from the MM's.
Raise the price to buy, to deter us pesky PI's from taking the stock, but keep the price they're willing to pay as low as possible to try to bore some more out, to hope the seller drips some more in.
Thing is people just aren't getting "bored out" in high enough volumes.

2p apparent spread.
Disgraceful.
Of course it isn't actually 2p as they'll pay more than they say they will for your shares. They want them that bad.

[el_duderino_7885] 01/9/2017 11:30

Be interesting to see if we get a smash back down to $1,300 with the jobs report today.

Any dips will now be short lived IMO.

Need to break the Trump election resistance levels around $1,325 and then we should shoot to the 2016 highs in gold before the next dip.

Two steps forward one step back.

We should break $1,400 this year or early next year!

[mattjos] 01/9/2017 04:46

Will do this weekend

[graylyn1] 31/8/2017 22:21

Mattjos thanks for the link below, it drew me in AAZ seems a no brainer at the current silly price. Do you think maybe the link could go into the header with a huge flashing light on it lol.

[mattjos] 31/8/2017 21:54

& great to see a growing number of new posters on the thread .. welcome aboard to new investors & please feel free to ask questions / submit reasoned comment & research

[mattjos] 31/8/2017 21:22

Blimey! Been tied up all day & just checking in.Gold did fill the gap zhockey .. well done. Caught a bid immediately after so, that is a great sign.Great daily, weekly & monthly candlestick to confirm gold is now in a firm uptrend.1200 was good for us, 1300+ is absolutely terrific & copper still going also!! Silver catching up now also.Going to be a stunning H2 for AAZ with all that's going on + the impact of the plant reconfiguration.Less & less stock remaining under 30p now

[2prsimo] 31/8/2017 20:31

How this is still trading below 30p is beyond me

[brasso3] 31/8/2017 20:14

Production to commence at Ugur in the next 30 days? Not long to wait...

[jbe81] 31/8/2017 20:11

Yes, jbravo, it is a pretty good risk/reward ;)

[jbe81] 31/8/2017 20:10

Nice recovery in the price of gold

[jamiedodge] 31/8/2017 16:19

Thanks JBravo. And great recent post.

[jaspoland] 31/8/2017 14:52

JBravo,

Great post. What made me ask the question is the following article from 2012. I know things have changed a lot since then but it did give an insight into what Reza hoped for 5 years ago.

hxxps://www.thebusinessyear.com/azerbaijan-2012/gold-rush/vip-interview

[jbravo2] 31/8/2017 14:34

:)
Private? No, I don't think so. As you say, if he was going to do that he'd have done it at 4p.
Certainly his objective was to create a mid tier mining company. It's no secret, it's in all the documents you care to look at. For that he needed a listed company.
So is it still his aim?

Maybe, maybe not. It all hinges on AzerGold for me. Can mid-tier still be achieved?

Clearly first mover advantage in Azerbaijan is only valuable if AAZ are going to get an "in" on more properties than they currently have rights to. Whilst Gedabek is big, they need more than that to be mid tier.
The AIMROC companies couldn't be bid for by AAZ as there was too much murky stuff about ownership and unsold product. I'm sure I don't need to spell it out.
So AzerGold was created to buy AIMROC.
Now what is AzerGold's next move?
Do they operate their own stuff?
Do they operate some of the sites? Do they look for help with some ore they currently can't treat?
Do they simply pass everything on to firms like AAZ?
This still isn't clear. They are not producing from Chovdar yet. They've at least managed to sell the products they got from AIMROC. They're getting the site ready for production certainly. What sort of production? Just heap leach like before? Do they have any sulphide ore? Do they have copper?

In short, if they're going to go it alone and produce from all their own sites then they may want to buy AAZ for the plant. For the scale. For the knowledge.
Do some digging around on LinkedIn, they have quite a few employees. I've talked about this with matt a bit and as he rightly pointed out to me... this may just be a mindset thing i.e. ex Russia, bureaucracy etc but it's a lot to support off 40koz/yr. But its a state company perhaps its resigned to losing money for a few years?

For me, if they don't want us I'm not sure anyone else would.
So what if we are left to go it alone?
Then, for me, the case is for maximising Gedabek (which has undoubtedly started anyway) and we start to look for opportunities in other countries too.
Even on this alone we are underpriced, this is the joy of this share.
Even with the worst scenario I can come up with, the share price will be heading higher.

But with the better scenarios then things are really going to fly here.
We'll know soon enough I guess.
Either way, the share price is certainly only heading up a lot over the next year as debt evaporates.

[graylyn1] 31/8/2017 14:26

Thought the chart looked good! the 50 week moving average has just crossed up through the 200 week "golden cross"

[friendzarin] 31/8/2017 14:19

Exactly Jbe. As and when £1 is reached it should then command a premium. Some time to wait yet though.

[jbe81] 31/8/2017 13:49

There was a time when Reza would have sold for less than £1 a share with gold and copper rising don't know if he might want a lot more now, I do !

[jaspoland] 31/8/2017 13:49

Ok thanks JBravo, I asked for that I guess :)

Well for what its worth I don't think Reza is interesting in taking the company private himself as he's had plenty of opportunity to do so in recent years, at a much cheaper price. I believe his ambition has been to build AAZ into a middle tier mining company and it seems with the progress currently being undertaken we're on our way towards that target.

There are many companies out there looking for acquisitions in this arena and with PM's entering possibly another bull market you would think AAZ would be venerable to a cheeky bid at this stage, albeit, on an agreed basis. I've even contemplated emailing them about AAZ lol.

I know some of you have met with him personally hence asking if he had ever hinted what his end games was. Maybe he has heir's to take over the baton but surely he will be looking to retirement at some point.