Anglo Asian Mining Share Discussion Threads

[jeanesy] 31/10/2017 17:24

Nice to finish in the blue !

[mattjos] 31/10/2017 16:57

"3 years out production looks at risk" .. are you really serious in making that comment??

That is a very poor interpretation of the future production profile .. either you are not keeping up with news from the company or deliberately talking this down.

[celeritas] 31/10/2017 16:45

lol zhockey, you are a laugh.

[zhockey] 31/10/2017 16:43

JBE, fairly priced at these levels I would say. They have to find more gold to sustain and grow otherwise 3 years out production looks at risk.

[bleepy] 31/10/2017 16:16

Good find 2s, news to follow soon!

[2sporrans] 31/10/2017 15:33

May be where some of the AAZ shopping list gets spent:

hxxp://www.gbheatingandac.com/thickener/6231/central-asia-mining/#

Features some AAZ plant...scroll down to ~80% from the bottom.
Looks like the ball crusher.

[2sporrans] 31/10/2017 15:08

Market Does seem back into buying mode B1.
26k buys on nexexchange in addition to those on LSE.

AIM sps typically drift down in-between price surges, when news seems to all be out and none expected for a few weeks.
The POG is looking weak too; Copper paused.
AAZ's fat margins notwithstanding, another selling prompt.
So, underlying upward share price momentum is still there by looks of it.

Are you really crediting AAZ with a share price value of 30p Zhockey?
That's a lot more than the 20p of a few weeks back and vastly higher than
your 8p expectation of last April or thereabouts.

[puntogt] 31/10/2017 15:07

The market seems to prefer speculation on something that perhaps might make money in the future to something that is making money NOW !

[basem1] 31/10/2017 14:07

Seller cleared ? You can now sell volume (60k) at 29.6 in 1 hit. 31.4 to buy. Both up 0.5p from yesterday.

[jeanesy] 31/10/2017 13:43

Not many trades again, but the ones going through are pretty sizeable again.

[celeritas] 31/10/2017 13:35

The mkt seems to like cash hungry companies exploring for metals rather than actually doing what it says on the tin and making a profit.

[mattjos] 31/10/2017 13:21

lol .. that's insane at this stage for them.

Just shows what a good exploration update will do here once Stephen Westhead starts to flesh-out the drill data

[celeritas] 31/10/2017 13:16

Maybe aam should follow solgold with pure exploration, seems to do the trick mkt cap wise with solg being worth £542m

[bleepy] 31/10/2017 13:10

Another definitive statement of where we are heading...

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.

[jbe81] 31/10/2017 12:19

Surely 10p overvalued zhockey?!

[zhockey] 31/10/2017 12:10

Fairly priced until they find more gold and prove up reserves.

[jeanesy] 31/10/2017 11:49

A shame our exploration update wasn't like SOLG@s , shareprice flying there. Hopefully our time will come , steady as she goes. Holding more now than ever before !!

[bleepy] 31/10/2017 11:30

Not forgetting...

Other Exploration
Within the Gedabek contract area, reconnaissance sampling of surface outcrop has provided 34 samples with positive results for gold and copper mineralisation at the "Soyudlu" area, some two kilometres from the tailings dam facility. Follow-up geological mapping, alteration mapping and area definition for drilling is planned. This area was initially investigated as part of the planning to situate future expansion of the tailings dam.

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. This demonstrates the geological opportunities available to the Company for further evaluation. Further information regarding exploration programmes during 2018 and beyond will be announced by the end of Q4 2017.

Low cost exploration work also continued at the Ordubad contract licence area in the Nakhchivan region of Azerbaijan. During Q3 2017, 750 metres of road cleaning was completed to reach exploration adits and surface mineralisation at the Shakadara deposit in order to verify the presence of mineralisation as reported in Soviet reports. 604 linear metres of trenching was completed from which 441 samples were collected. Initial results confirm the presence of surface and underground mineralisation of both gold and copper. It is planned to test similar style surface gold-quartz mineralisation at the adjacent Keleki area. On confirmation of this gold mineralisation, the Company will decide on a strategy to fully assess these deposits along with the Piazbashi and Agyurt deposit in the Ordubad area.



To complete the first phase of the tunnel between Gadir and the Gedabek underground mineralisation, some 600 metres of tunnelling has been completed that intersected Gedabek style mineralisation at the end of the tunnel drive. It is further planned to extend this tunnel along the Gedabek mineralisation beneath the backwall of the open pit and to fan drill to assess the mining potential for a Gedabek underground mine. This exploration work is planned for 2018 as underground mining equipment is now being utilised to mine ore at Gadir. The mineralisation target is additional to the current Gedabek open pit reserves.

[bleepy] 31/10/2017 11:23

Celeritas

I’ve said before that the rate of exploration and development is really impressive right across aaz’s prospects.
The same can be expected of the extension of the 600mtr down dip tunnel beneath Gedabek open pit.

* Continuity of mineralisation demonstrated following evaluation of further down dip potential

* It is further planned to extend this tunnel along the Gedabek mineralisation beneath the backwall of the open pit and to fan drill to assess the mining potential for a Gedabek underground mine. This exploration work is planned for 2018 as underground mining equipment is now being utilised to mine ore at Gadir. The mineralisation target is additional to the current Gedabek open pit reserves.

* First phase of the tunnel between Gadir and Gedabek underground mineralisation completed with Gedabek style mineralisation intersected - tunnel extension to continue into 2018


Whilst...

- On-going drilling programme at Gedabek open pit to evaluate and optimise the mine plan ahead of recommencement of mining activities in Q1 2018.

- Exploration underway at newly producing Ugur open pit mine with the objective of defining extensions of similar mineralisation to increase resource inventory.

- Low-cost exploration work successfully completed at Ordubad contract licence with encouraging initial results confirming presence of surface and underground gold and copper mineralisation.

- Gedabek tailings dam wall raise to support planned expansion now underway - wall is being raised to provide additional six metres of vertical capacity in first phase and a further six metres in second phase - scheduled for completion by the end of 2017

and....

'Having spent time in 2017 optimising the extraction of gold and gold-copper ores from the Gedabek open pit, we now look forward to recommencing mining to contribute to production in the first quarter of 2018 with the enhanced knowledge of the mineralisation that these exploration activities will provide.

'We are also increasing the capacity of our tailings dam to support the expansion.'

[celeritas] 31/10/2017 09:24

bleepy, I believe aam have 8 drills on site going hard at it, some of them are underground drills.

[wrighty46] 30/10/2017 18:10

Certainly was.

[jeanesy] 30/10/2017 17:26

Looks like another 100k bought after hours at 30p

[sportbilly1976] 30/10/2017 16:36

100k at 30p and at 29.9p - offset with MM's taking 0.1p turn?