Anglo Asian Mining Share Discussion Threads

[davidspringbank] 31/1/2018 11:22

Just bought another 20,000 @ 39.68p to take me to a total of 250,0000.

[bleepy] 30/1/2018 22:28

Mattjos shame you can’t replace crazycoops post with yours. It deserves to be put in the header notes at the very least. An excellent appraisal.

[mattjos] 30/1/2018 20:36

I think we all believe there is far beyond 7 years of mine life on their estate.
Reza & the BOD are far from stupid. you don't go spending best part of $200m on plant & equipment and most recently add to the tailings dam wall to provide, at the very least, another 3 years capacity.
As has been pointed out innumerable times though, it does not best serve the company interest to suddenly announce 50 year mine life & 50m oz GE just now.

We should now be on with the fan drilling & that is the activity which is most interesting. Drilling from above has highlighted areas of good grade Au & Cu but, we know that the richer areas are horizontally biased and not vertically so. This is why the Siemens brothers & the artisanal Russian and Azeri miners/explorers have gone in to the greater Gedabek complex by Adits in the past. Find a seam and follow it through. as we have most recently done with Gadir into Gedabek.
That was sensible historically as the Adits were quickly in the money.

The company now has its own 3D modelling software & so horizontal fan-drilling (for the first time)will enable a detailed 3D model to be created for Gedabek to show the various ores and concentrations.

BUT .. folk need to understand that the way the plant is now optimised, we don't need bonanza grades to be very profitable (of course an added bonus when found).
The plant is optimised such that we can mix the high grade and low grade ores to give the plants the grade we would like that enables us to maximise production whilst minimising costs.

This is one of the reasons where a simple Asset valuation is daft. It is the type and mixture of plant we have, coupled with the knowledge now embedded in the company & the in-ground resources that represent the value ... I would go so far as to say that it very much represents 'a moat' and one which deserves a rich premium valuation.
If you pay any attention whatsoever (& Behre Dolbear certainly do) to the older Russian and Azeri data, we are sat on a large fortune in the ground & just need to start to prove it up to JORC standards.
That is now in-hand on a rolling 3-year programme.

[terropol] 30/1/2018 18:19

At a guess I would expect al list another 7 years mining forecast. We had 7 years when we started...
They say History repeats itself. Well not long to wait. And counting on somedividents plan.

[jbravo2] 30/1/2018 17:28

Been away with work for a while and nice to return to see some solid consolidation with some decent volume in the high 30's to mid 40's.
Looking forward to seeing the forecast for the year. Not long to wait now.

[mattjos] 30/1/2018 14:24

route of least resistance for the US$ is still clearly downward. Gold bouncing hard today.

[mattjos] 30/1/2018 11:52

still buying .. price is farcical but, if the market offers it up like this, have to take full advantage

[edjge2] 30/1/2018 10:51

terropol nice day at the sales

[terropol] 30/1/2018 10:04

And a few more here at 39.1.
Good morning all.
We should get more company news in the next 5-6 trading days.

[celeritas] 30/1/2018 10:04

Also added.

[celeritas] 30/1/2018 10:04

Looks like a blanket sell of all PM miners, with gold still over 1300 it does seem stupid as many miners have yet to catch up with the current Gold price, most have done nothing for around a year now, just traded sideways.

Its like someone says sell pm miners and all are sold reason or not.

Good month for AAM with gold averaging over 1300 all month. 1330 for the month to be more accurate.

qtr 1 1220
qtr 2 1258
qtr 3 avg 2017 1286
qtr 4 1278

Total avg selling price of 1260 for 2017

[sh0wmethemoney] 30/1/2018 09:56

Taken a few more for the ISA

[2sporrans] 30/1/2018 09:19

Another day.....another buy.
~38.8p.
Have to be really pessimistic about the mid-long resource picture to spurn at this price.
Everything else, we know is blossoming, courtesy of Ugur.

Note: A few buys just now, flagged up as sells on trading page I'm looking at. Not infrequent this mis-labeling happens.

[mattjos] 30/1/2018 08:24

That is the gap completely closed now .. feel much happier as we are gap free from 4p this time

[soundbuy] 30/1/2018 07:53

Thanks

Sure our paths crossed on WCC/2233 donkeys' years ago...........??

[mattjos] 29/1/2018 16:38

welcome aboard SoundBuy

[soundbuy] 29/1/2018 16:20

Taken a position here today ..........

[2sporrans] 29/1/2018 16:11

Bagged a few more, 40.025p.

Price may trade down a few % more but the big news - Exploration/Dev. update - may land any morning; could even be tomorrow.

No way does 40p price in several years of reserves to enable 100k+ GE production [2018 and more thereafter] that modest plant/facility expansion will serve.

[bumpa33] 29/1/2018 14:33

MM’s squeezing a few out here, looking for the gap fill at 37 ‘ish, should it get there I suspect the opportunity though will be short.

[abbotslynn] 29/1/2018 12:57

Soon to be adding a lot more

[edjge2] 29/1/2018 11:31

Added some on special offer 40p odd. No need to copycat obviously real cheap. Could be quite a stormer 10-20% up coming. HOC, HGM look dumped down and CAML maybe reawkening.
Good luck all, useful to see my idea backed this morning!

[mattjos] 29/1/2018 11:21

also been adding today. I think Terropol earlier comment likely have a bearing here

[yasx] 29/1/2018 10:17

The only negative issue I see with regards to AAZ is a potential near term pullback on gold - other than that, it looks a stunning proposition. I added a few more this morning...if it dips will take some more. If not, will retain the holding I have.

[gutterhead] 29/1/2018 09:59

update could be this week, that should clear some of the haze and start the next upwards push. getting 50p behind us would be good