Anglo Asian Mining Share Discussion Threads

[jbe81] 21/9/2017 11:31

• DRILLING ON-GOING IN PIT AND GADIR – TUNNEL BETWEEN PIT AND GADIR
ALMOST COMPLETE AND MINERALISATION INTERSECTED

From the presentation. Will be a great few months for AAZ

[sportbilly1976] 21/9/2017 10:43

delayed 56.7k buy

[sh0wmethemoney] 21/9/2017 10:42

Topped up on SIPP account!

[mattjos] 21/9/2017 10:39

no chance a blue finish today. The MM's will know that a lot of folk wont read this news piece until this evening & many won't be aware of Bill at the Proactive event either & so they will keep this pegged back to try and encourage another brief round of selling tomorrow morning, imo

[2sporrans] 21/9/2017 10:31

Yes, well spotted on Ordubad Bleepy.

That AAZ spent anything significant on Ordubad during this rather febrile and risky period of transition, with money tight, says to me that Ordubad remains of key importance to AAZ for medium [next 2-5yrs] as well as long term.
Back burner for next year or so I guess but a potentially massive pot and being actively sized up; could be a game changer.

Been mulling over exactly how much of a risk the location really poses; I mean it's proximity to Armenia and Nakhchivan [the Azerzi province Ordubad is in the very SE of] being an enclave surrounded by Armenia,Iran and a door in/out of Turkey.
Map:


The town of Ordubad [a pleasant looking place, ~10,000 pop.] is actually situated next to the Iranian border; it's a fair few miles away from the Armenian one which is in decidedly mountainous territory.
How far from the town are the mining prospects; anyone know?

Although there is / has been no unrest in Nakhchivan to speak of as the populace is overwhelmingly Azerzi, guess one has to factor in the possiblity of the latent war over Nagorno Karabakh flaring up and escalating into a fully fledged conflict between Azerbaijan and Armenia.

Then again, maybe one can look more to the +ve realities and 2 large copper mines just over the Iranian and Armenian borders.

Seek and thou shalt find:


Agarak Copper-Molybdenum Mine Complex - Armenia [A howitzer shot away!]

hxxp://www.geopromining.com/en/our-business/operations/agarak/


Sugun Copper mine - Iran [~50km SE of border from memory; near Ahar]

hxxps://financialtribune.com/articles/economy-business-and-markets/11328/sungun-copper-mine-capacity-doubles

[sportbilly1976] 21/9/2017 10:27

Few more buys & sells via NEX:


Latest Trades
Date & Time Volume Price
21/09/2017 10:13 6,710 30.15
21/09/2017 09:14 4,000 29.65
21/09/2017 08:36 3,667 29.65
21/09/2017 08:33 10,250 31

[basem1] 21/9/2017 10:13

Blue finish anyone ?

[mattjos] 21/9/2017 10:08

:-) .. yup, I believe some of the nervous sellers here today are shortly going to regret selling out for no discernible good reason today.

[ilostthelot] 21/9/2017 10:02

An easy 5 bagger from here. Great results. Great company over delivering. Class act management. 👏

[davidspringbank] 21/9/2017 09:43

Excellent results.

[mattjos] 21/9/2017 09:29

Ugur: "currently free dig mining without the use of explosives - thus saving cost and time and machinery wear and tear"

"Extensive work underway to increase understanding of the considerable upside potential from existing mines and new prospects at the Gedabek area"

[mattjos] 21/9/2017 09:19

good spot bleepy re. Ordubad

[bleepy] 21/9/2017 09:17

Excellent update with resumption of mining at Gedabek open pit a month ahead of schedule (Sept/17).
Impressive reduction of all in costs whilst maintaining pay down of debt again with reducing interest payments going forward. Not forgetting annual $2mmln saving from electrification going forward.
End of year target 64k-72k maintained.
Also...Capitalised exploration and evaluation expenditure of $0.1 million was incurred in the six months ended 30 June 2017 which was mainly exploration in the Ordubad contract area. Would expect update on Ordubad's vast resources.
Q3 ops and production update in a few weeks will further highlight the tone and impressive pace at which Aaz are advancing toward a mid tier producer aiming in excess of 100k annual target.

Well done Aaz.

[friendzarin] 21/9/2017 09:17

Looks like the presentation is up on the site.
Suppose Bill will use this tonight.

hxxp://www.angloasianmining.com/media/pdf/Corporate-Presentation-20.09.17.pdf

Edit

Like this bit

DRILLING ON-GOING IN PIT AND GADIR – TUNNEL BETWEEN PIT AND GADIR
ALMOST COMPLETE AND MINERALISATION INTERSECTED

[stealive] 21/9/2017 08:56

Bid higher than the ask?

[sportbilly1976] 21/9/2017 08:49

NEX trades this morning:

Date & Time Volume Price
21/09/2017 08:36 3,667 29.65
21/09/2017 08:33 10,250 31
21/09/2017 08:08 3,913 31.7
21/09/2017 08:01 1,000 32

nothing out of the ordinary, but sometimes a MM will route trades to other exchanges to 'hide' them for people who only use a LSE feed

[ferries5] 21/9/2017 08:45

Great results for the first six month in a transitional year for the company.
Looking forward to the October update, and the end of year update regarding the debt situation
But probably it will be this time next year before the true potential begins to show. Or some good news regarding drilling results.

[2sporrans] 21/9/2017 08:39

Confess to having sold a few end of last week, expecting a results dip.
Grabbed them back for 30p as don't expect to get them lower today.
Could be news on Gadir: Gadir->under main pit tunnel [phase 1] complete and 'restart' production. + maybe Gosha restart any day. [Maybe not Gosha with the Ugur ore flooding in].
Further Ugur production news?

Then exploration/development update could be released ahead of the Q3 prod./ops mid Oct.
Main pit down-drilling.
Bittibulag?

Maybe also Further Ugur production news?

[mattjos] 21/9/2017 08:35

Always sells off on the results ... give it a couple of days. Folk know the real news is only 3 weeks away

[basem1] 21/9/2017 08:34

2 lots for me. My 32.88 ones bought back in cheaper.

[mattjos] 21/9/2017 08:31

More for me, thank you

[mattjos] 21/9/2017 08:24

Looks like they are managing to shake out some £250/p margin so far but, little else