Anglo Asian Mining Share Discussion Threads

[jeanesy] 30/10/2017 11:30

I think that 100k was a buy not a sell.

[djj2014] 30/10/2017 11:04

Very quiet here. Where is everyone?

[terropol] 27/10/2017 21:23

Well
all the doings are keeping all of you talking. It will all come out in the wash.
Have a good week end all.
I am having a week in sunny Italy.

[jeanesy] 27/10/2017 18:33

I agree that it is better that the company is doing well but the PR is disappointing, but it really shouldn't be that difficult to get that sorted. What is the broker doing ? Why have one when they can't even keep up with the news ? The last note I saw was that there price target was 22p !! Has anyone seen a recent update ?

[bleepy] 27/10/2017 13:51

Gadir

Underground development and exploration activity until end Q3 2017 included

* 2,712 metres of tunnelling

* that comprised spiral ramp development for production preparation, exploration tunnels at Gadir,

* and an underground tunnel from Gadir to the deep mineralisation at the northern end below the Gedabek open pit.


2,712mtrs of tunnelling, with 4770mtrs of drilling completed and a further 5,000mtrs planned for Q4/17.
That’s an impressive rate of exploration and development.


Regarding surface extension drilling of the Gadir mine to evaluate further down dip potential, nine core drill-holes totalling 4,007 metres were completed. 2,150 samples have been assayed which has provided results that demonstrate continuity of mineralisation.

[bleepy] 27/10/2017 13:37

“ Work is also underway constructing a second pipeline between the tailings dam and the Company's processing facilities to facilitate planned expansion of the processing facilities”

This again is major news announcing planned expansion of the processing facilities.
Detailed news of expansion to follow no doubt.

[2sporrans] 27/10/2017 11:59

Celeritas is referring to the Main Pit.
So, some bores >100m ?

The air vent, at the Main Pit end of the Exploration Gallery [The Tunnel] is 195m deep.

Just saying.

[celeritas] 27/10/2017 11:40

As at the end of Q3 2017, 31 RC drill-holes with a total of 2,978 metres and 34 DD drill-holes with a total of 1,792 metres were completed. Another 5,000 metres of drilling is planned for Q4 2017.

Thats a canny few holes with circa another 68 to drill in this qtr

rc avg depth is 96m
dd avg depth is 53m

[gutterhead] 27/10/2017 11:10

I’m as frustrated as everyone else but, what a lovely problem to have.
Fantastic prospects but pr skills lacking,
rather than an aim company spinning for all its worth but with little real substance.
We have all been caught with that, I certainly have.
I’m glad they are good miners.
The real valuation improvement will be driven by concrete forecasts and actual earnings.
‭

[bleepy] 27/10/2017 10:55

Celeritas

Just the tailings dam wall raising so rapidly is telling me that ramping production is already underway with plant expansion the next on the list. Would not surprise me to hear that plant has already been ordered, next news perhaps.

Please mention your other points as I can assure you they will not fall on deaf years. Perhaps educate the layman along the way.

Aaz need to westernise their pr with a little more polish and a little less abruptness, not unlike myself really.

[celeritas] 27/10/2017 09:47

bleepy, no problem with your posts at all, it takes all kinds to build a picture of the company.
Where aam could communicate more is extrapolating on some points, for example the tailings dam. You don't add 12 metres for nothing and so quick. The wall is already being raised 6 metres with another 6 metres to be completed before year end.
This is obviously for increased production in the coming years.
Plenty of other points I could mention that I'm sure engineers will find great but the layman will be guessing what it means.

[ilostthelot] 27/10/2017 09:35

No need to apologise bleepy. Its an open forum and all debate should be welcomed.

[bleepy] 27/10/2017 09:17

Friendzarin

Thank you for replying. You, Mattjos, jb and others are right about one thing, the recent rns releases have not had the impact expected of them. Having an engineering background I tend to get wrapped up in practical detail where eloquence is rarely needed.
Yourself, Mattjos, jb and other large/major investors surely speak to the company and question their communication methods. Where is the broker by the way whose job is to guide toward effective communication.
It would seem Aaz are still on a learning curve and have room for improvement, let’s hope they are listening.
Apologies to some for my lack of communicative skills, getting bogged down in detail and not seeing the bigger picture.
If it is as you say that Aaz are lacking this area of expertise, then the message to them needs reinforcing and repeating until heard and understood.

[royaloak] 27/10/2017 09:03

Bought early on, actual price was 28.81 / 29, much happier buying a share when there is a sensible spread, especially if it is a good company!

[jeanesy] 27/10/2017 09:02

UT trade just gone through for 1 share. Some believe it is a MM sign ?!!

[2sporrans] 27/10/2017 08:59

Cheaper indeed Jeanesy.
Just bagged few more for 29p.

Good debate Bleepy and Frendzarin

I think the AAZ management are alert that they need to improve
communications with their investors and these have improved the past year, in as far as we have been given more information more often than previously.

As for the quality of the information, its good in some respects but arguably lacking in others.

Seems to me the information is generally accurate and a fair amount of technical detail given in a tolerably assimilatable way.

Where it arguably falls down is that it often fails to deliver in terms of showing how value is being or will be added going forward.
Further, it's not clear what the overall targets are for which the value added relate to.
Hence e.g. Freindzarin's comment:
"Is it AAZ’s clear goal to be a 100k au equiv producer within two years ?"
So we can see the trees but lack vision or perspective regards the forest.

To be fair, seems AAZ are going to address this.
E.g. from this latest RNS
"The Gedabek contract area hosts many targets of different styles of mineralisation, which are being assessed in order to prioritise future exploration programmes. It is planned to prepare an annual three year work programme to dovetail into the Company's gold and copper production profile."

Yeah, a summary, published programme, with targets and progress updated per release would be great. Could maintain on the W-site and simply X-Ref when releasing RNSs
Even better to extent the programme brings out the synergies between resource exploration, development and production and the evolution of plant + infrastructure, manpower etc.

Think Bleepy makes good point about AAZ releasing info. only when sure of its accuracy and also comprehensive releases rather than piecemeal.

Then again, e.g. I'd have liked e.g. to know what the grades/rock-type score is with Gadir phase 2 and feel a bit frustrated in not knowing as production has already been going ~4 weeks. Presume the grade etc info. is known to AAZ or are they going semi-blind?

Accept we have to wait wrt to the far more important main pit grades/rock-type.
Then again, are they going to extend/re-model [push back the back wall] such that there will be at least another 7 years of open cast mining capability?
Or ain't they?
I mean, it's pretty pivotal.
Even though AAZ never released any RNS stating any such plan, they must be aware of the recent article we have read here that clearly put that across.
If it ain't so, then put us right.
If it is so, please confirm and elaborate as best you can.

There's plenty more in similar vein; hope this is enough to convey the gist of things.

Also, yeah, investors have expectations.
Sometimes daft ones and can argue that's their problem, not AAZ's.
Then again, AAZ will become even more attractive to more long term investors to extent it manages those expectations well.

[jailbird] 27/10/2017 08:20

Bleepy ( filtered)

Talk about Verbal diarrhoea

[jeanesy] 27/10/2017 08:12

meanwhile the shares get cheaper by the minute !!

[jbe81] 27/10/2017 08:06

Friendzarin you are hitting the nail on the head with AAZ. That combined with a few traders exiting and the recent fall in gold means we might fall a few more pence. Then even zhockey might be tempted to buy back in!

[friendzarin] 27/10/2017 06:50

Bleeps

I’m on a phone and not really in a position to respond in detail on some of the questions you ask of me.
I’m simply frustrated that all the great achievements that are taking place which are examples of prudent management on the one hand be it financial (debt management etc),operational capability (plant upgrading,facilities and infrastructure improvement)community relations etc
... and improving production potential through increased investment in exploration and resultant drilling have and are the building blocks of a great future. It would be very easy to have professionals who are allied to the company have all this under a coherent mission statement or overarching business strategy (whatever the organisational speak for this now)that brings this purpose and these endeavours together.Is it AAZ’s clear goal to be a 100k au equiv producer within two years ? Certainly looks like it to me and would provide context to ambition and delivery.
I am simply therefore trying to be objective and asking questions. You must surely feel that AAZ got no where near the impact it could have achieved from the paper on production treatments Matt unearthed or the last RNS on the Ambassadors visit on what AAZ is doing for the local economy and the working people of Azerbaijan it supports.
This is the gist of it for me. It’s about the company being as on the front foot in the area of effectively communicating to the investing community as they are in so many others.

[bleepy] 27/10/2017 00:17

Friendzarin
Well done with your investment.
Yourself and others have been critical of this and other rns’s.
Would you mind giving your positive pr version of this rns.

Personally I thought the rns positive, informative, forward looking and full of detail.
There are probably professional reasons why ore grades have not yet been given. It appears from many that’s all they want to know. The vast amount of detail in the rns is whole heartedly encouraging demonstrating the immense amount of effort and work done from all departments.
If the Ugur report is the new standard then attaching such a report for each area under exploration in this rns would have swamped the rns. Let’s have an Ugur style report on each area under exploration not morsels from a few of the higher grade bore holes only.
From memory the first report on Ugur mentioning a few boreholes left many thinking the resource was of such low grade it wouldn’t amount to much, how wrong an impression from such a scant view of the prospect. Perhaps they are wanting to avoid repeating the same error.

Can you point out where management fail to communicate while in the same sentence you say their competence is without question.
Yourself, Mattjos and jb have spoken with the board, do they not listen to good advice when given. It’s all well and good to critique their communication skills, please, anybody let’s hear your version of this rns.

There are many available to talk the talk but not many who can walk the walk, fortunately we have a CEO and company who underpromise and over delivers so patience please. All in good time as they say.

Just rereading the cv’s of the senior management confirms they are highly qualified, competent and highly regarded in many walks of life. I’m sure they are more than capable of communicating an rns.

[friendzarin] 26/10/2017 23:20

I spoke to Steven Westhead after the AGM about how the announcement of the revised strategy could have been positioned more positively.
I’ve attended 3 Proactive Investment briefings where a more positive positioning could have been taken on the company’s future prospects
I have seen probably half a dozen RNS’s that have been made market sensible by the the analysis that JB and Matt have provided.
Each and every RNS has been interpreted by inference through the knowledge this board has.
I would have to say our ability to positively express our achievements as a company are numbingly poor.
I don’t believe in spin but I do believe in positive p r and that the management of investor relations is of extreme importance in any business strategy.
Throughout this time I have never been more confident in my investment .. never sold a share and am within hailing distance of 7 figures.
The company’s senior management competence is without question so why do we have this failure to communicate our message on performance?

[2sporrans] 26/10/2017 17:38

"......if tokyo is just a heap of radioactive rubble".

C'mon, you don't believe this is remotely likely do you Catsick?

Biggest risk of such to Japan is another Fukushima type disaster.

Finally, Abe has the green light to change constitution then re-arm Japan, cruise missiles, ballistics+nukes and all. Been expecting such for past 2 or more years.
Dear Respected Comrade Kim Jong Un won't mess with that.

Expect that 10 [could be less] years from now, S. Korea will have gravitated towards close co-operation and mutually supportive 'understanding' with China.
Xi is like a new Mao now; Soft Power with a steely grip.
Plumpo Chops Beloved Leader will have to grin through ever sagging cheeks as Seoul is weaned away from declining and self absorbed America into Xi's warm embrace.
He'll be out in the cold; maybe with rigor mortis rictus if Xi deems it.
BL a fool to repeatedly bait Xi; more so to cause loss of face.
Xi may look rather like a somnambulist-Panda but his path to power has been clinical and ruthless.

North Korea is an impoverished, backward fiefdom ruled by a paranoid tyrant and military cadres, playing with highly dangerous nuclear toys; probably bought from some ex-Soviet source.
How much further will the BL up the ante?
An air-burst N-bomb over the Pacific?
Maybe.
Can't see him being so stupid as to give America the excuse it needs to take him out [Can do this with 'conventional' force; with ease].
An air-burst N is sailing very close to the wind.

China under Xi will be like an enormous glacier, inexorably grinding towards its chosen destination.
First, an unassailable regional Superpower; later a Global one; ultimately perhaps THE one.
In comparison to Xi, Trump is just an impotent Windbag who cannot even get through a programme of domestic reform, reacting to events and changing his goals, strategies and team by the month.

[jeanesy] 26/10/2017 14:54

What hoped for news is that ?