Anglo Asian Mining Share Discussion Threads

[celeritas] 24/10/2017 15:12

This week next week, shouldn't be far away now.

[mattjos] 24/10/2017 13:40

bravo .. charts usually do form triangulation patterns that centre on key future dates.
There are plenty of TA Traders that will attempt to trade such patterns - albeit usually in much more liquid stocks.
The longer term pattern is clear for all too see but, short term, the chart is suggesting there is an expectation for something to come out tomorrow.
Only tomorrow will give us the answer to this particular pattern :-)

Needs something though as trading volume is nigh on zero .... to me that suggests the market has the willingness to buy if it drops and also to buy if/as/when it breaks to the upside ... in the absence of movement in either direction & in the absence of any news, it simple sits still and volume vanishes

[wrighty46] 24/10/2017 13:22

My pound is on news tomorrow....O/T the pike fishing on the Norfolk broads is excellent, just saying. GLA.

[jbravo2] 24/10/2017 13:14

Everyone can see it's a great chart. Perched at recent time highs and waiting big news.
Agreed.
But now a chart can predict that this is going to arrive tomorrow?
Well you know I'm doubtful of some of this chart stuff and this is a prime example. I'll have a bet with you no "catalytic news item" arrives tomorrow.

[mattjos] 24/10/2017 12:39

gutterhead .. chart is very simple.
Poised on the cusp of a breakout & & awaiting 'a volume event' of some description or other.

Good news and it should power higher .. bad news and obviously the opposite will occur.

Technically there is a small triangulation on the chart with an Apex centred on tomorrow so, that is when I am expecting to see the catalytic news item

[celeritas] 24/10/2017 11:26

Anyone have good knowledge regarding BCG (bit coin gold)

Bitcoin is over 4k, how do you get one for one?

Do I have bitcoin gold?

All bitcoin owners will receive the cryptocurrency at a rate of 1 BTC to 1 BTG, setting the stage for possible market activity.

But, that's not to say it's totally intuitive to retrieve.

One quirk is that it'll be easier to redeem the funds from wallets or exchanges that recognize the cryptocurrency. The easiest way, then, to retrieve the bitcoin gold is to move bitcoin to a wallet or exchange that supports bitcoin gold, or to hold bitcoin in a wallet where you own your private keys (rather than holding them with an exchange).

To date, 20 exchanges and wallets promise to support bitcoin gold once it launches, according to the project's website.

[bleepy] 24/10/2017 10:04

Great to read of planned and ongoing exploration at Gosha, another of Aaz’s working mines. We have not heard a lot of Gosha recently. High grade gold veins have been evident since start of production, let’s hope for more of the same.
The fast track of Ugur from exploration to production, ongoing exploration of Gadir, Gedabek open pit and deep pit are a testament of Stephen Westhead since joining.
We also have exploration at Bittibulag and a.n.other that Westhead might have in his sights.
Update expected anytime...

[catsick] 24/10/2017 09:56

The chart says back to 25p where I can buy a load more ....

[gutterhead] 24/10/2017 09:49

It needs something to get momentum going again.
What does the chart tell us Matt?

[jbe81] 24/10/2017 09:21

About to same the same thing, Matt. Would expect some buying in anticipation

[mattjos] 24/10/2017 09:06

cannot be for off the missing Operations update now, surely?

[catsick] 24/10/2017 08:49

The ordubad asset has been there for 10 years+ The only thing that makes sense to me there would be if they can find high grade ore there that can be trucked, or concentrated and trucked, they already have a load of redundant gen sets so a few grinders and cyclones would not be difficult but the reality is that there are a ton of sites local to gedabek where the can find ore they have a massive plant now that can deal with any type of ore they can throw at it, they are surrounded by potential sites and even outside the license area there will be processing deals to be done.

[bleepy] 24/10/2017 08:14

BRITISH EMBASSY VISIT TO GEDABEK 18 OCTOBER 2017

Page 17.... EXPLORATION ONGOING AND PLANNED FOR ORDUBAD AND GOSHA AREAS

[jesus405] 23/10/2017 22:36

"Expansion costs when the debt is paid back is still recoverable under the same terms." I didnt know this, sorry for confusing matters. "People are getting confused with the debt and recovering costs."... Just me.

[celeritas] 23/10/2017 18:59

People are getting confused with the debt and recovering costs.
AAM could have paid back all the debt but still be recovering costs which is what counts. Expansion costs when the debt is paid back is still recoverable under the same terms.

[2sporrans] 23/10/2017 10:58

Don't see AAZ debt growing such that it becomes the burden or risk that it was Catsick.
Just think it possible [not saying probable] a very rapid expansion of production capacity may happen, along with ongoing exploration and development of mines.
Say e.g. it is decided to create new plant capacity tailored for pure copper production during 2018-19. This might be triggered by what they find in Bittibulag, or possibly another new prospect - Maarif highlighted in latest presentation, with Copper + Molybdenum resource?
At same time, substantially expand gold/copper/silver [sulphide] capacity thro Flotation->SART. For large ore output from deeper main pit, Gadir etc.

IF, AAZ go for this [emphasise IF!], will be in context of growing production, albeit lagged to extent there is a LOT of new plant.
So, the Debt:Cashflow shouldn't be a huge headache, like it was 2013-16.
Indeed it won't prove at all difficult to manage, providing the av. metal prices don't drop substantially from here. Even then, expect the loan repayments will be rapid bar a catastrophic fall in gold [especially] demand

Dividends?
Yeah, hope so.
Maybe modestly commence in 2018; fat ones from 2019...20?

[catsick] 23/10/2017 06:48

I dont really see how they will get heavily into debt again as they are currently quickly paying down debt at the same time as doing a lot of exploration and development capex, in the past 24 months they have paid down millions of interest a load of debt while putting in new grinders floatation elec grid roads new open pit at ugur and a load of underground work, plus lots of exploration drilling. The interest on the debt alone was a killer, I think they can continue to build processing capacity while bringing new fields online all while paying chunky divs, and producing tons of honey ...

[jesus405] 22/10/2017 18:26

No just the birthday

[jesus405] 22/10/2017 02:23

Its actually 7/11 quarters but you get my point.

[jesus405] 22/10/2017 02:11

I dont know whether this is a really stupid suggestion but surely due to the production sharing agreement the best way to run this company is to get as close as possible to debt free (without becoming debt free). Build up assests and improved infrastructure, produce at lower costs, expand,employ more people, Pay a x% dividend and repeat. Watch the market cap rise as more production, revenue and assets build(% dividend just increases with respect to your initial investment the longer you have invested in the business but stays at x% for new investors. As the value of the company grows. If the value of the company remains the same and you make more profit just increase the % dividend) Then the company just focuses on whether to produce more copper or gold with respect to market price and expands and mines in other areas of the world with a better PSA. I dont understand why people want to get into a situation where we are debt free and then start paying dividends. When the profits come we need to just increase assets, mine in more areas/countries, get paid through growing dividends and employ more people that you have a much better negotiating position for a new PSA in a much more distant future. This needs to be spoken about because if we have a good 4 quarters from now on we wont have any debt and even if we have a not so great 6 quarters the debt will be gone the way the company is going. Am I just being stupid?