Anglo Asian Mining Share Discussion Threads

[friendzarin] 18/10/2017 10:00

Terrapol. Trust you gave it back...we want it in our y/e 😋

[catsick] 18/10/2017 09:37

I think the ggp move shows there is the return of some bullish sentiment to gold stocks in general, it is the story stocks that boom first but aaz will be lifted in the end .... ( I have been selling a few ggp today (-:)

[terropol] 18/10/2017 09:32

2Sporrans, Correct.
I even held a 9k gold bar at the mine.
AAZ is going places.
Any dips creates a good adding opportunity...

[2sporrans] 18/10/2017 08:35

Greatland Gold

Just another explorer ain't it?

No gold nor any metal production at all; no plant or any productive capability whatsoever.
Not even a JORC resource to its name from what I read in an interim report, though admit I sped through it very rapidly.
I did note that it has been burning through plenty of cash prospecting, losing more and more money as it does so.

AAZ

Profitable with strong cashflow.
- growing under proven team with all requisite abilities.
- Production cashflow pays for growing exploration/development.

Substantial JORC rated reserves Gold/Copp./Sil. + More emerging and in prospect.

Diverse, growing production thereof

80k+ GE production capacity plant - modern, efficient
Good site infrastructure

Sound leadership with interests, incl. large shareholding aligned with other shareholders.
- Hence low dilution risk [contrast with Greatland !!]


Really, Greatland G is very much a punt as are all these pure explorers.
Easy come, easy go.

AAZ comes with its risks of course but it has real, productive, growing assets to base valuations upon; not merely a wish list such as GG.

[mr paul b] 17/10/2017 23:42

Just had a look at greatland gold , same market cap 17times more shares in issue .

[mattjos] 17/10/2017 19:56

Sounds great to me jeansey .. hot money can keep clear of here thank you. Just don't want it here at all.(Anyone considering a short break around Lille .. I can report it is really very pleasant. Nice architecture in the centre & beautiful surrounding Autumnal countryside.Tuesday night & hard pushed to get into a restaurant as all full. Useful location for biz trip.)

[gutterhead] 17/10/2017 19:51

2sporrans, good post and agree, we do still need to be patient.
Most of the mm’s Want a “sure thing” and wait for results, especially with AIM listed companies.
It does look incredibly undervalued and further compelling, positive exposure/pr and some good results will get it on the radar and the share price moving in the way we all want.
I guess there is also every likelihood it could get acquired by one of the bigger miners. It’s going to be exciting.
Look forward to meeting up.

[jeanesy] 17/10/2017 19:39

Looks like all the 'hot' money is being spent on greatland gold atmo. Maybe this will get cheaper so those who want to can load up some more here ? !

[2sporrans] 17/10/2017 16:52

I don't mind waiting Gutterhead.

In all probability, the news will be even better the more progress it captures.
We know there's something good on its way from the unofficial 'leaks' we've read.
In any event, do you think what we've been furbished with on this excellent bb has
been well/widely circulated?
I doubt it; hence expect an official release will garner some further significant buying.
We have been advised the main pit isn't just going to re-open; it's being remodelled with a 7+year extension of life in mind.
Plus Gadir Phase 2 is about to get underway with the Gadir->main pit tunnel completion either already happened or any day now. That will also be revealing as to the nature of the deeper resource and Mr. Westhead's next project as to how to best assess it: The fan drilling.

Even if the Main Pit+Gadir+Gosha production is just going to carry on at appx. level of a year ago, for the next 5 years, a $35-mn valuation looks very cheap, given Ugur and the stockpiles + further prospects being explored; Bittibulag the near term interest.
All the modern, efficient, reliable plant, costing maybe twice the company share valuation wouldn't be worth much if there wasn't the gold/copper/silver to process through it.
But there will be; not just years but decades of ores to come, from all the mounting evidence. And the prospective AISC [latest $564/oz!!]looks to be low offing decent margin even for $1,000/oz gold, not to mention buoyant copper. On this basis a NPV that doesn't even reflect a full pay back on the plant investment [over and above what's already been repaid] looks very low ball.

OK, there's still about $21-mn [ex. Reza] debt to be paid down but the rate at which it is suggests it may all be repaid come end of 2018, even with some modest plant expansion [crusher+flotation units].
What will be the sum profit stream from say beginning of 2019 to end of 2029?
Only $35-mn.
Conceivably.
But probably?

[gutterhead] 17/10/2017 15:55

2sporrans, that’s hilarious. You’ve obviously got too much money.
I’m not banking on another imminent update, that way I won’t be upset if it doesn’t materialise.

[2sporrans] 17/10/2017 14:36

Bought more for 34.0p; about 10% below the peak of yesterday's morning surge.
A lucky repurchase to be honest as had a limit on 37, set some weeks back, that got triggered yesterday. I'd forgotten to cancel it.

Exploration/development/resource news must be imminent.

[catsick] 17/10/2017 12:53

I find it interesting that the article has not a single word to say about anything the company does at all just all this chart nonsense which is all belly button fluff analysis as far as I am concerned, it works both ways bullish or bearish but it is all nonsense, have a good understanding of the underlying fundamentals and trade the rns not the chart is my view ......

[sportbilly1976] 17/10/2017 12:44

back test resistance break level as support...

[ferries5] 17/10/2017 12:29

Small article on AAZ

[...]

[terropol] 17/10/2017 09:33

Good Morning Guys,
RE: AAZ supporters dinner.
Looks quite a few people are not available on the 22nd.
We will postpone to a more suitable date.
to be confirmed.
Thank you.

[homebrewruss] 17/10/2017 08:51

looks like that gap has been filled

[cannonfodd3r] 17/10/2017 08:39

Don't be under any illusion that azergold have produced that much gold last qtr.

They are selling into the market previously produced gold that was said to be high in mercury. It wasn't, they just couldn't sell it as the ownership wasn't known which later came out in the panama papers.

[gutterhead] 16/10/2017 19:39

Good find Timberwolf

[mattjos] 16/10/2017 15:14

ADVFN charts are all screwed up today... could do with offer dropping ha’penny

[sportbilly1976] 16/10/2017 15:13

just checked on muney am... there is a 0.25p gap from the 34.5p close on Friday and the 34.75 open today!

[bazboa] 16/10/2017 15:04

Just wondering at what price the gap is