ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

AAZ Anglo Asian Mining Plc

56.50
-0.50 (-0.88%)
Last Updated: 11:16:23
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Anglo Asian Mining Plc LSE:AAZ London Ordinary Share GB00B0C18177 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.50 -0.88% 56.50 54.00 59.00 57.00 56.50 57.00 130,810 11:16:23
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec 84.72M 3.66M 0.0320 17.66 64.55M
Anglo Asian Mining Plc is listed in the Miscellaneous Metal Ores sector of the London Stock Exchange with ticker AAZ. The last closing price for Anglo Asian Mining was 57p. Over the last year, Anglo Asian Mining shares have traded in a share price range of 36.50p to 122.50p.

Anglo Asian Mining currently has 114,242,024 shares in issue. The market capitalisation of Anglo Asian Mining is £64.55 million. Anglo Asian Mining has a price to earnings ratio (PE ratio) of 17.66.

Anglo Asian Mining Share Discussion Threads

Showing 28576 to 28600 of 143250 messages
Chat Pages: Latest  1146  1145  1144  1143  1142  1141  1140  1139  1138  1137  1136  1135  Older
DateSubjectAuthorDiscuss
18/9/2017
09:53
150k in the auction there for you Matt. Or will the buyer take them.
jbe81
18/9/2017
09:12
Cup n handle occurred at 82p completion of the cup, after the handle formed it fell away. So this formation failed to meet this the theory
jailbird
18/9/2017
08:23
Jbravo2 thanks, we will find out soon enough.
graylyn1
18/9/2017
08:20
@graylyn

Seeing as everyone else has gone shy, I'll have a punt.
I'm not sure there will be profit in H1. The production profile in 2017 is skewed much more heavily towards H2 than it was in 2016.
The better metals prices are probably going to be H2 as well if current trends continue.
On the plus side I suspect we're spending less in 2017 then 2016.

So after all that, my guess is small loss for H1. Lets say $2-3m.
Nothing to fear from a loss though as H2 should be so very different. Even then, key point in continuing to pay off debt to get ATB/Gazprom debt gone in 11 months.

jbravo2
18/9/2017
08:02
Using the "cup & handle" you pick out above Matt, but on the past 3 year share price movement (lip at 34/35p and base at 4p), then an initial share price target would be 64p
sportbilly1976
17/9/2017
17:00
Some really good posts this week end.

If gold reaches and surpasses its all time high AAZ should be way way over £1.50 imo (and then some) a very undervalued share at present. What are we expecting in the interims regarding pre tax profit? any guesses?

graylyn1
17/9/2017
15:47
80p will only be half the overall move, imo.

A 'bog-standard' long-term EW advance will see 157p as the overall target once the 5th Wave completes.
This is a predominantly Private investor stock & so I would expect the waves of sentiment to play out pretty much according to the theory ... EW's are simply graphical depictions of waves of sentiment.

BUT, 3rd & 5th wave extensions are most commonly seen in resource stocks & so I think we must remain open to that possibility & therefore the possibility of higher targets.

I can't be exact about how it will get there but, I would tentatively suggest, based on the chart so far that, this present wave will take many by surprise and go on to challenge & exceed the previous all time highs in the 120's (in part driven by Gold running far higher in the coming 4-5 months than most are predicting).
Obviously 35p, 50p, 75p, 80p, 100p & 125p will all present hurdles to overcome on that journey.
We will then see a relatively short-term and shallow retreat (probably another bowl) with the base forming fractionally above 80p. This will be Wave 4 completing.

Once the final 5th Wave has completed, there is the usual a,b,c 2-step retreat .. that usually ends at the same point where Wave4 ended ie. around 80p.

Then we will just have to wait and see what happens next ... maybe another 5 wave advance will get going? Impossible to predict just now.

Since I like to try and buy £1 coins for 50p or less & most AIM investors take a similar view with a 100% gain as their minimum target, that means it's a buy for me up to 64p at this point in time.
Next year I expect that desire for a circa 100% gain will see the 80p zone attract fresh buying on the inevitable re-trace.

Still, I am but one voice amongst the crowd & many, many other people pursue different short-term strategies.

So far, so good really. Certainly, the fundamentals support a much higher valuation than we see today so, even if others here think charts are all hocus-pocus, it should still get bought just on the basis of those fundamentals & probably the near-term news will assist.

mattjos
17/9/2017
13:35
You've been right so far Matt. Bold claims on share price and hope you are close, 80p is a life changer for me
gutterhead
16/9/2017
20:01
long term chart update that I will put in the header:


free stock charts from uk.advfn.com

mattjos
16/9/2017
19:32
2sporrans - I do like your 'handle' by the way. you must tell us one day how you picked it.

It's all conjecture and trying to read between the lines. I think the company does, at times, choose to be conservative in its newsflow & I think most can guess why that may be.

I am no geologist .... Chipperford, now having taken a stake in your staircase scheme, are you lurking on the thread?
If so, this is more your area of expertise so, please feel free to venture an opinion.

I'm probably more confident in how to read the chart & on that subject, I have no doubts that we will take out the 80p highs in the next 6 months & see the 60p range in a matter of weeks.

mattjos
16/9/2017
15:18
Hi Matt

No, I didn't misinterpret what you wrote; just writing view I've formed over past several weeks.
Guess you've taken issue with my:
"Accepted, the deeper ores MAY be of somewhat inferior grade, either to what came out say in 2015 and 2016 H1 or expectations formed back then."
Though this is a very qualified comment with emphasis on the MAY, Mea Culpa of cowardly equivocation I guess :0)
Hands up; I simply do not know.

I do get your well made point about the deeper ores being venous; the 5g/t vein the tunnel has followed may be one of many and a typical representative.
Then again, there may be fewer, narrower and less contiguous [if the geology has been subject to shifts; not unknown in the Caucasus] than you are anticipating.
Accepted the fan drilling will give AAZ a shrewd idea of where the veins and lenses of best grade ore are, moreso if utilising a matrix-map including vertical core info.
Lets hope the investment pays high dividends.

Looking at what AAZ say, this excerpt from the 24th July update RNS does support your contention:
"This will allow the Company to assess the extent of the higher-grade gold mineralisation below the Gedabek open pit as found in exploration drill holes."

Then again, may I be forgiven for my more equivocal comment [above], given that
AAZ's latest news release on 13th Sept. is fronted with this paragraph?:

"Bringing Ugur into production now, whilst we undertake the previously reported optimisation and expansion initiatives across our wider Gedabek licence area, will offset the anticipated decrease in gold production from our main Gedabek open pit due to the changing composition of the ore. With this in mind, we are pleased to reconfirm our production forecast of 64,000 to 72,000 of gold equivalent ounces in 2017 and building on this in 2018 and beyond."

OK, so the "ANTICIPATED" "changing composition of the ore" may be an oblique reference to a higher copper:gold ratio and the gold EQUIVALENT content be pretty high. [Maybe even a subliminal nod towards the underground mining - instead of open pit - you anticipate below the existing main pit.]
Whatever, the annual forecast for 2017 production hasn't changed over this year; this notwithstanding that Ugur has exceeded even AAZ's expectations.

Yes, I do get that it's 2018 production and beyond that you are looking to Matt.
If you are spot on in your reading of a gold rich, densely venous, horizontal ore belt beneath the existing main pit, then I'll be delighted; assuming of course I don't 'do a ZHockey'.

2sporrans
16/9/2017
13:49
Mattjos

Given their meticulous planning, Stephen Westhead will have garnered much information from the surface exploratory spatial drilling of Gedabek open pit and its underground vein structure and direction. That information will allow them to be selective in maintaining areas of open pit mining. They know where they intend to drill in a fan formation so it would make sense to mine those surface areas prior to drilling which leaves less depth for drill. If the rock is hard enough below Gedabek it will not be a problem to continue mining the open pit.

bleepy
16/9/2017
12:58
2sporrans .. I think you've misinterpreted what I was suggesting.
The 5g/t grades from the Gadir tunnels is symptomatic of their being higher grades (not lower grades) in the Gedabek down-dip extension.

The fluids from the upwelling will have migrated laterally .. hence the veinous nature of the ore at Gadir.
Trying to drill from the top down in the hope of intersecting veins is nigh on impossible & in any event, Gedabek has been an 'actively' mined pit for several years so, little chance to explore deeper under it.

This current pause enables them to concentrate on following the veins back towards the Gedabek extension/down-dip .. therefore the spoil will, be definition, consist of higher grading ore.

Once the Gadir tunnel is completed, Fan drilling in a horizontal plane, coupled with the data they do have from earlier vertical drilling will really help them locate and define the sub-Gedabek pit ore-body parameters.

I would suggest the 5g/t tunnel spoil from the Gadir excavations clearly suggests that there are much higher grades to be found under the Gedabek open pit.

It was only last year that the company purchased the low-height drill & haul trucks from Atlas Copco.

If you ad up all the 'clues':

1. Stockpiling the High Sulphide Ore to give them ore to process during a mining lull

2. Purchase of the Atlas Copco Underground mining equipment

3. The consistently higher grades they encounter in the narrow veins at Gadir

4. Now this big focus on more accurately trying to determine what really lies at depth under Gedabek pit

5. The very quick push to open up Ugur, which will give them a nice steady, easy to process Oxide Ore .. because what they identify at depth under Gedabek may be such a game changer that they have to go underground .. I don't really get how you can blast away in an open pit whilst mining underground directly underneath the pit anyway! Surely that is a disaster waiting to happen one day, isn't it?

Good thing is, I assume we can fan drill under Gedabek, irrespective of the winter weather.

Gosha & Gadir will come back on stream next month and I believe Gedabek pit will stay dormant while exploration underneath continues.

Ugur's output will replace that of Gedabek & the combined output from Ugur, Gosha, Gadir + the stockpiled ore will enable the company to hit its targets whilst simultaneously fleshing out the real opportunity at Gedabek.
Bittibulag might be kept up their sleeve until next Spring/Summer ... I think they wimply cannot make that decision yet until the Gedabek drill results have been analysed.

Whichever way you cut it.. I think they are in a tremendous position & growing stronger by the week

mattjos
16/9/2017
12:07
Great posts Matt and sporrans.

Does anyone have an idea of what the unrecovered costs are under the PSA. I note from the 2016 annual report that the 87.5/12.5 split will continue throughout 2017 but no figure is given for the carried forward, unrecovered costs.

mcfly79
16/9/2017
10:15
Nice post sporrans.
Spot on.

jbravo2
16/9/2017
09:44
Bleepy/Mattjos

Adding to your observations concerning the [almost completed?] ~450m tunnel from Gadir work-face down to the base below the main it:

From the h1/Q2 production update released 17July:

"9,591 tonnes of ore with an average grade of 5.17 grammes per tonne was also mined, in conjunction with its exploration programme, from the Gadir underground mine in Q2 2017."

This caught my attention the moment I read it.
By default this high grade ore came out of the tunnel excavations; assumed the production works would have ceased to enable access/egress for the tunnel works. Besides, didn't much of the excavation kit from Gadir & Main Pit divert to Ugur work [including road]and balance to stockpile works?

Whatever, these, for me, are 5.17 g/t "Breadcrumbs" adopting Matt's expression.

I wish AAZ had explicitly articulated that they were effectively mining a narrow, high grade vein of gold ore, while excavating the tunnel. [+ implicitly copper rich from what they've said about recent Gadir assessment/output.]
I guess the reason they didn't may well be that they have all along stated that the diversion to Ugur production was in concert with Resource Optimisation works to Gadir / Main Pit; distinctly different from pure exploration. Also, the tunnel is at least as much development work as exploration; i.e. an extension to the ongoing Gadir production works.

What I'm angling at is that they have, all along been confident that there's plenty of good grade Gold + Copper, sulphide ores, going deeper down the main pit and also Gadir.
The supposition that the metal is running out, held or seriously considered by not a few investors, may never have been entertained by them; i.e. never part of the AAZ mindset.
So, why make a song and dance around the Breadcrumbs trail?
Just in line with their expectations.

Equally, as you've both observed, AAZ's plan for a phase 2 tunnel under the main pit and a fan array of side bores/passages is as much a declaration of expectations as of intent.

Accepted, the deeper ores MAY be of somewhat inferior grade, either to what came out say in 2015 and 2016 H1 or expectations formed back then.
They will be sulphide rather than oxide [then again the enhanced Flot.->AL->SART has pretty much remedied this recovery rate issue] and the copper:gold ratio will rise.
Maybe the rock is harder too.
Then again 5.19g/t gold Breadcrumbs should whet most appetites.

Whatever, this is contemplating the scale of a forthcoming bounty; far removed from a doomsayer prospect of a dearth of metals.

2sporrans
16/9/2017
07:03
Why else indeed bleepy?!!
mattjos
16/9/2017
07:02
Mattjos,
This guy's view on the charts may correspond with your thinking. A pull back to 1280-1300 and then off to 1400.

Expects this to play out over the next few weeks.

jaspoland
16/9/2017
06:52
Joey ... I have always used the chart to help guide my decisions.I have no problem paying higher for the stock .. for me, that clearly confirms the stock is doing what I anticipated and that I should buy more
mattjos
16/9/2017
06:06
Would highly recommend the proactive event to any new investors. Stephen Westhead was at the last one due to visa issues but chatting to him at he event prior to that was time very well spent. Don't know if he will be there on Thursday but well worth talking to if he is.
jbe81
16/9/2017
05:36
Just one thing niggling me Matt. This board is fantastic with very good contributions agreed. However if this is such a fantastic buy ehy would you say that you are looking to increase your holdings to 1 mill at around 30p if the price drops back yet wont pay 33p ??JW
joey wilson
16/9/2017
05:16
Great post Matt

It will be interesting to see how this copes with 35p. This is the final moment in the 'cup & handle' formation.

brasso3
15/9/2017
21:53
Mattjos

I cut and pasted this earlier with similar thoughts, why else would they drive a 450mtr down dip tunnel below Gedabek.


"Surface and Gedabek Open Pit Exploration will allow the Company to assess the extent of the higher-grade gold mineralisation below the Gedabek open pit as found in exploration drill holes."



Stephen Westhead without doubt is having a huge impact on AAZ's strategy short term and long term. As pointed out by Mattjos AAZ have many potential prospects already documented, our geologist will have already prioritised near and long term exploration targets. Agreed very exciting times ahead.

bleepy
15/9/2017
20:46
For me, It's what lies in wait for us, at depth, under the open pit at Gedabek & in the down-dip extension that really fascinates & intrigues me. I believe Gadir has given us a clue, albeit that shows mainly narrow veins of gold.

I've lost track of the number of scientific, volcanic & geology reports I have unearthed & read as to the possibilities over the last 8 years.

If, as is commonplace, during the pressure & high temperatures of the volcanic upwelling, some liquids (rich in gold) were forced out of the main Gedabek ore-body, they would have naturally travelled along fissures and fractures in the rock.
This would now be revealed in high-grade & narrow vein deposits according to where those fractures lines existed at the time.

This is exactly the geology that Gadir has very clearly proven .. 1km away from the Gedabek open-pit. Might seem like a long distance now but, during the formation conditions, the pressures and temperatures would have been absolutely incredible.

The company has intersected these veins (following into the Russian & Azeri artisanal tunnelling) and exploited them for the last 2 years ... all the time they have been working towards the Gedabek main ore-body. That is clearly a sensible strategy .. follow the breadcrumbs, so to speak.

Now, we are close enough to tunnel under the main pit and get an initial view as the what lies down-dip!
To date, all we have done at Gedabek is scratch away the Oxide cap and got to the top of the Sulphide ore.
During formation, the closer to the surface the quicker the up-thrust liquids would have cooled. This, effectively, is akin to screwing down the top of a pressure cooker .. beneath that cooler, solidified top, the pressure and temperature enables the liquids to contain a much higher % concentration in solution of metals from the deep volcanic upwelling.

When this 'capped' liquid solution finally starts the slow cooling process, the higher metals content in solution consequently solidifies into much higher grading ore with larger particle size.

(If you remember growing salt crystals at school during Physics & Chemistry .. you heat the water and keep adding the salt into the liquid and then, with a slim substrate in place, you let it cool and watch your monster salt crystal form as the salt precipitates out of the liquids, due to the cooling & evaporating water being unable to hold as great a concentration solution).

To date, everything revealed by the company about Gadir looks very, very promising.

Right now we stand on the brink, so to speak .. we've followed the breadcrumbs & arrived at the top of the down-dip source.

The planned 2018 fan drilling programme under Gedabek is, in my opinion, effectively the heads-up for what will later prove to be the start of the significantly upgraded JORC for Gedabek.

Once the tunnel from Gadir under Gedabek pit is complete and we get the first exploratory horizontal drill results into the 'main' (Gold rich) Gedabek down-dipping ore-body ... this is what, I believe, is going to lift the roof on the company valuation.

Bittibulag, Ugur, Gosha & all the others assets we have ... they are the rich icing on the top :-)

Really very, very short time to wait now as the tunnel from Gadir to the Gedabek down dip extension is due to be completed by early September!
What will be revealed??? :-) After 8 years, I can wait a little longer

mattjos
15/9/2017
20:18
If only every thread was like this on advfn, would make it a great site.
celeritas
Chat Pages: Latest  1146  1145  1144  1143  1142  1141  1140  1139  1138  1137  1136  1135  Older

Your Recent History

Delayed Upgrade Clock