Anglo Asian Mining Share Discussion Threads

[2sporrans] 13/10/2017 09:18

Maybe worth noting the drop in Copper concentrate production.
Obviously none coming through the AL->SART stream since 1st Sept.
as that all dedicated to Ugur gold [+silver]; zero copper.
All copper prod. going through flotation.
So take the Q3-Q2 Cc differential, just of the copper [some SART silver
via the AL->SaRT] -166T *3 [assuming drop was all in Sept] = 498T
So, ~500T less copper for Q4, extrapolating Sept. forward.
On pro rate basis....~220T copper production for Q4 v Q2 actual of 716T.

Guess that when the new crusher arrives, the flotation output can be jacked up substantially. CAPEX on additional flotation units looks on cards; investment will be well rewarded.

On the Gold, note Cannonfodder's 250oz/day / Ugur.
Isn't that ~30oz more than first 2-3 weeks?
Great if they have achieved this so soon.

Caution to factor in seasonality into annual projection.
Hopefully the impact of winter will be far less this one coming due to
the stockpiling endeavours, including some higher grade.
But won't the heap leaching be impacted somewhat, even if the AL stream ain't?

AAZ have kept their forecast for 2017GE in same 64 to 72k range.
Was hoping range would narrow to e.g. 68 to 72 but guess they are just being conservative.

[ilostthelot] 13/10/2017 09:05

Could well pop from here. 40 p only a hop skip and a jump away. Worth over 100 million market cap now. Hold tight and you will be rewarded.

[sportbilly1976] 13/10/2017 08:49

Trades routed via NEX this am (for those without L2)

Date & Time Volume Price
13/10/2017 08:43 14,515 34.38
13/10/2017 08:41 1,437 34.38
13/10/2017 08:29 3,000 32.15
13/10/2017 08:28 2,713 33
13/10/2017 08:27 8,983 33
13/10/2017 08:25 3,318 33
13/10/2017 08:17 3,030 33
13/10/2017 08:07 9,140 32.7
13/10/2017 08:02 20,000 31.52

[jbe81] 13/10/2017 08:34

Nice to see it moving on small buying, although wouldnt be surprised to see some delayed trades appear.

[catsick] 13/10/2017 08:34

Ok monkeys , I have been bidding the offer all morning on these results and got the square root of nothing

[2sporrans] 13/10/2017 08:33

All good, especially the September production.

Confirmation on the production score really.
Ditto the debt.
$21.3-mn net, excluding Reza's $3.9-mn loan.
But who didn't expect the pay down to continue as previous?

For me though and I suspect for most here, it's a full, official
update on the exploration and development + resource that we await.
I was hoping for something here but will just have to wait
a little longer.

Guess that's good as will be more advanced, fuller picture we get the later
the news date is cut.
Nice to have the different goodies in 2 discrete packages.

Note the share price is nudging up a tad now; always welcome.

[bleepy] 13/10/2017 08:30

Expecting operations and exploration update to follow on...

[celeritas] 13/10/2017 08:15

wow, debt is coming down fast, whats that now under £19m.

[bleepy] 13/10/2017 08:11

Excellent update and on track for rerate, well done Aaz.

[mattjos] 13/10/2017 07:24

Gosha is now back in production, ahead of forecast

[cannonfodd3r] 13/10/2017 07:19

Looks like they are upto 250oz/day now doing the maths from beg of sept commencement of ugur. This is likely to continue ramping up slightly day on day but as it stands takes annual gold production to over 91,000 oz, factor in copper and silver and we're over 100,000oz equivalent

Nice

[mattjos] 13/10/2017 07:17

"The increase in gold doré production in Q3 2017 was due to the commencement of mining from Ugur in September 2017. Of the 12,221 ounces of gold and 4,381 ounces of silver produced in the quarter, 6,842 ounces of gold and 3,219 ounces of silver were produced in September 2017."!!!

[jaspoland] 13/10/2017 07:15

Let's not forget ugur was only being mined during Sept. Q4 will have all 3 months and the likelihood of increased production. Surely people will start to take notice now

[jbe81] 13/10/2017 07:10

Yep, debt figure he one that stood out to me. Shows just how much cash they are making at current prices. Opening up new mines, extensive drilling, spending on the plant and still paying $1million a month off. Going to be generating a lot more revenue as production increases from Q4 onwards.

[jaspoland] 13/10/2017 07:09

Can see net debt going below $20mil by year end if q4 hits targets. Well done aaz

[casabella2] 13/10/2017 07:07

Looks good at first read.

[brasso3] 13/10/2017 07:05

Everything going in the right direction.

Gold touching 15,000oz for the quarter.

Debt down to $25m.

[catsick] 13/10/2017 00:47

Thats pretty useless the new toshiba batteries can do 320km of charge in 6 mins which is about as long as a petrol car stays at the stand if you include going in to the shop to pay which will be automatic with ev ... but back to gold, starting to see new discoveries on our belt in georgia of copper and gold, localized finds are very important as its reasonable to truck ok grade ores 100-200 kms to our plant to process, or by installing some grinding and concentrating plant the ore can be concentrated to a point where it is feasible to truck a very long way, up to 1000 kms, have a look at the recent hum deal to put a concentration plant on another mine in the area and you will see there is value to our 200m of kit long after the pit at gedabek is done ...

[bleepy] 12/10/2017 22:08

Shell has bought NewMotion, the owner of one of Europe's largest electric car charging networks, to give its alternative fuels efforts a jolt.
Shell will install the first electric car charging points at some service stations before the end of the year. Some will offer drivers an 80% charge in just 30 minutes.

[ironstorm] 12/10/2017 19:00

Following on from the above conversation I reckon it will be good for us here.

Why I am large %-wise in small goldies.

[jaspoland] 12/10/2017 16:15

Where's jbravo2? He should be on that list

[2sporrans] 12/10/2017 16:15

Well, we can argue the toss as to where/who to apportion blame to for all sorts of woes. Don't think it solves anything though, just creates additional problems.

Methinks IronStorm may be on to something, in as far as a lot of economic and to lesser extent social stuff is cyclical in nature.
Let's hope we don't have another war in Europe then.

Come to think of it, after WW2, Blighty was left with a shed load of debts to pay the Americans and the National debt was about as high as today, in Gov't Debt : GDP terms.
Well, that got paid down over ~the 3 decades after 1945, to a level where it was of little concern. During the interim we "Never had it so good", well according to H McMillan C 1958 wasn't it?
So, can't we achieve something similar over next 20 or so years?

Hmmm. I think one important difference is, that back then the demographics were much more favourable. Initially with a plentiful supply of immigrant labour from the Empire, latterly with the birth-fest that resulted in those accursed :0) boomers boosting the workforce and tax-base[irony of ironies].
The current sway of things is to check immigration in the face of a [past 3 decades] static, now very gradually shrinking, indigenous populace; hence the rapidly aging population projections. Number of 75+ year old set to double by 2030.
No wonder Millenials, Gen. X and progeny are increasingly feeling the fiscal strain.

So, Technology + education thereof, it's up to you to save the bacon methinks.
Where's the Gov't long term strategies and bountiful funding there-of??
Oh Politicos are too busy chattering about usual short-term Peter<>Paul tinkering-for-votes and Brexit to have more than a token prod at fundamentally important stuff.

Apologies Matt but it's a bit of an impasse for AAZ today and prob. tomorrow.