Anglo Asian Mining Share Discussion Threads

[callmebwana] 16/1/2018 10:23

Tuck this share away and look at it next year.Let the Traders do what they do. :o)
GLA.

[bleepy] 16/1/2018 10:19

- Net debt reduced by approximately 47% during FY 2017 to $18.3 million at 31 December 2017 (31 December 2016: $34.6 million)

- Water treatment plant now producing around 200,000 litres of clean water per day and a six-metre raise of the tailings dam wall completed in Q4 2017

- Operational performance anticipated to be further enhanced in 2018 due to

* Recommencement of mining operations from the main Gedabek open pit in Q1 2018

* Recommencement of flotation processing, independent of the agitation leaching plant, following installation of a second, dedicated crusher line targeted for Q2 2018 - this will increase processing capacity significantly

Chief executive Reza Vaziri said: 'I am delighted to report that following a very strong performance in Q4 2017, Anglo Asian has delivered full year production at the very top of its published forecast range.

'This is a considerable achievement in itself, but when taken together with the recent expansion and production optimisation initiatives put in place and commencement of production from Ugur, it is clear that 2017 was an overwhelmingly successful year for Anglo Asian.

'The almost halving of net debt in the year is also a significant achievement as the Company returns to financial health.

'Anglo Asian is continuing to lay the foundations for long term sustainable production growth and to deliver value to its shareholders. Mining is expected to recommence at our main open pit at Gedabek in the near-term together with the installation of a second, dedicated crusher line for the flotation plant.

'These should significantly enhance our production profile throughout 2018.'

[bleepy] 16/1/2018 10:12

General Motors, Toyota and Volkswagen have already outlined ambitious plans to offer more electric vehicles.

Volkswagen said in November it would spend $40bn on electric cars, autonomous driving and new mobility services by the end of 2022 - doubling a previous commitment.

That’s a lot of electric motors, wiring and charging infrastructure needing copper.

[davidspringbank] 16/1/2018 10:09

All we need now is for the over-priced financial markets at record highs to roll over and for people to dive into gold for safety. I don't see the need or the demand for driverless vehicles, but if that's what they want, then AAZ can help them with copper supplies! I'd rather have a petrol driven straight six under the bonnet and not have to worry about the details of charging the battery for a journey. But that's old-fashioned me! I remember the government of the day got together with the best scientific brains in the country to push diesel as the way forward. All types of incentives were offered motorists to change to diesel and the politicians who pushed it were rewarded with a seat in the House of Lords. Of course, you don't hear from them now anymore because we've all been overtaken by driverless cars: the latest craze to kickstart the economy and manufactures profits. Somewhere down the road they will doubtless discover a flaw in their plans and they will start to push something else at the consumer! Lol.

[goodgrief] 16/1/2018 10:08

jb... yes that I know and delighted about. Just thought perhaps today of all days, it might have been a bigger jump! Still exploration update to come...

[jbravo2] 16/1/2018 10:00

Yes all this was achieved with idling the flotation.
Clearly the crusher couldn't work fast enough to run flotation as well.
Ha ha ha. Add in the second line and lets see what we produce!

[mattjos] 16/1/2018 09:58

even with virtually no Cu production in Q4, they damn near equalled the previous year Cu production figure.
That looks to be taking a big move up H2 this year with the new crusher installed.

[jbravo2] 16/1/2018 09:56

Its not that slow is it GG? In December we were below 30p for one day.
We'll be 60p in spring.

:)

[goodgrief] 16/1/2018 09:53

Terrific result! Fairly modest share price reaction but slowly, slowly, catchy monkey.

[bleepy] 16/1/2018 09:52

Not forgetting the EV evolution gathering at a fast pace with Ford just recently doubling their investment commitment to $11bn.

[davidspringbank] 16/1/2018 09:48

I take my hat off to AAZ and to the management team: production at top end of forecasts and debt down by 50%. Very well done. This sets us up very well for 2018 against a background of rising commodity prices. Well done AAZ.

I see gold finishing this year at $1,500 oz and heading higher. Onwards and upwards!

[malcolmmm] 16/1/2018 09:47

Stockopedia give them a high rank of 91 and 'Relative To Sector' 91.72p so compared to other mining companies in this sector they seem to be very undervalued.

[bleepy] 16/1/2018 09:46

Also on the exploration list we have Bittibulag and Ordubad awaiting results of 2017 investigations.

[mattjos] 16/1/2018 09:40

I agree jbravo but, if they ever hope to attract/retain clients they do have to make some effort to get things right.

Still, it's up to them I suppose. They likely see more return just now on pumping GEO, given it will need funding, than they do covering AAZ (look at how much that Greg chap at GEO has burned through already).

[bleepy] 16/1/2018 09:37

Reza as always understating and over delivering...would expect divi news at some point.
The restart of Gedabek open pit this Qtr follows on from enhanced exploration carried out in 2017.
Can’t wait to hear of new resource/reserve calculations following further exploration of Ugur(width and depth), Gadir, Gedabek open pit (projected 7yrs expansion of back wall), Gedabek underground mine(fan drilling started this Qtr), Soludad, a.n.other.

Second crusher coming Qtr2 with plant optimisation trialled and proved in 2017 should see 100koz + for 2018.

Divi has to be nailed on..

[jbravo2] 16/1/2018 09:33

Honestly matt, its nearly irrelevant.
They're as accurate as all financial gurus/soothsayers. They get it wrong as often as right. Anyone who has done even 2 hours of reading can make a better call than them on this share.
How much time is really spent by them analysing this? Virtually none I'd say.

I've certainly never bought on a recommendation from them, nor sold. Has anyone?

[mattjos] 16/1/2018 09:17

even if they 'only' use the known metric of debt reduction, surely now share price Angel can give this a proper target price???

A share price now more than double their ancient target price, they are looking as if they are not even covering this any longer

[malcolmmm] 16/1/2018 09:11

I can see a PM rise after the analysts get their teeth into these, hopefully 45/50p

[jbravo2] 16/1/2018 09:02

Absolutely rota.
Just got to churn through the traders.
There are decreasing numbers of traders though.

For some reason traders much prefer small share prices. They think they can more easily get a bagger at 1p rather than 40p+ share prices.
That may be true in some cases. Herd mentality. Spread etc. All playing a factor.
However those shares also usually carry the prospect of shares being issued at any time, usually at prices below those available to pi's. This clearly, as demonstrated by history, won't happen here. Most CEO's say it won't happen but let their record be the true measure of whether it will or not.

As we clear the traders we're left with investors, the small supply becomes smaller and the movements will become more pronounced. Investors who understand the advice from many sage people considerably richer than us. Don't sell out of your successful shares too early. See them through.
We'll see 80p before year end here.

[return_of_the_apeman] 16/1/2018 08:53

catsick

16 Jan '18 - 08:20 - 10710 of 10718

0  2 0

50p soon , which would be a pe around 2 based on the last quarters cash generation

And that's without this

Bleepy

16 Jan '18 - 08:36 - 10718 of 10718

0  0 0

Operational performance anticipated to be further enhanced in 2018 due to..

* Recommencement of mining operations from the main Gedabek open pit in Q1 2018

* Recommencement of flotation processing, independent of the agitation leaching plant, following installation of a second, dedicated crusher line targeted for Q2 2018 - this will increase processing capacity significantly

Value must out sometime with a proper re-rate, currently thus must still be totally under the radar

Someone mainstream will pick up on this surely

Would still be great value today at 3x today's price

[jbe81] 16/1/2018 08:48

Shouldn't have to wait much more than a week for more good news.

[bleepy] 16/1/2018 08:46

Not forgetting....

*Solid upward trajectory in total production during 2017 reflecting the expansion initiatives undertaken at Gedabek with a significant increase in Q4 2017 due to the commencement of production in September from the new Ugur open pit mine

* Net debt reduced by approximately 47 per cent. during FY 2017 to $18.3 million at 31 December 2017 (31 December 2016: $34.6 million)

* Water treatment plant now producing around 200,000 litres of clean water per day and a six-metre raise of the tailings dam wall completed in Q4 2017

* Operational performance anticipated to be further enhanced in 2018 due to..

* Recommencement of mining operations from the main Gedabek open pit in Q1 2018

* Recommencement of flotation processing, independent of the agitation leaching plant, following installation of a second, dedicated crusher line targeted for Q2 2018 - this will increase processing capacity significantly

[terropol] 16/1/2018 08:42

Loads more news to come going forward.
It will be released is stages to let the market digest it.

[jbravo2] 16/1/2018 08:42

Spread down to 1p.
They want your shares! They have buyers but not enough stock.
C'mon folks. Don't be soooo tight!

:D

[2sporrans] 16/1/2018 08:41

Good to see the Gadir Q4 contribution of 40k oz was of a slightly higher grade than 9 months previous.
Note new investors, that this time last year and up to the main pit/Gadir suspensions [and Ugur dev. switch], there was a lot of investor concern the gold therin was running out or at least thin....
This latest Gadir prod. belies this contention, along with all the other indicators piling up, not limited to the 2 Tailings dam raises + new pipeline from plant to TD, re-modelling plans for main pit - push back main backwall to enable 7+ further years of open cast extraction, all the plans to extend the [currently 600m] passage from Gadir -> below main pit, right under it /backwall.....+ fan drill out.