Anglo Asian Mining Share Discussion Threads

[celeritas] 06/2/2018 09:13

I like how news isn't all in one rns now, stops the traders taking the pee.
Great target which is probably a little conservative which is the AAM way.

Exploration details due in the coming weeks plus a steady run of news for the year.

[bleepy] 06/2/2018 09:10

Anglo Asian CEO Reza Vaziri commented, "2018 is shaping up to be a year of delivery for Anglo Asian with production of between 78,000 to 84,000 gold equivalent ounces planned by our operational team. The mid-point of this guidance is over 13 per cent. higher than FY 2017 production and continues the upward trajectory from last year which we believe will continue in the coming years. As in previous years, the second half of 2018 is expected to be better than the first due to seasonal factors and the added momentum of the flotation plant processing on a stand-alone basis from Q2 2018.

"Key to the future growth of the Company will be expansion opportunities and with this objective we are commencing a substantial geological exploration programme at Gedabek. I look forward to reporting details of this programme in the coming weeks."


Excellent update at this stage as expected, very much a guidance exercise as just 4wks into new year.
Again as expected a conservative estimate as always with Reza captaining the ship.
Top end guidance being 18% higher than 2017 at this early prediction stage and again using very conservative price estimating.

Installation of second crusher commenced end of 2017 allowing much leeway for completion and commissioning prior to Q2/18.

Details of substantial exploration programme to be given in coming weeks.
2017 saw exploration carried out at Gedabek open pit, exploration and extensive tunnelling at Gadir underground mine, 600 mtr tunnel driven below Gedabek open pit with fan drilling started this Qtr, further exploration of Ugur and its boundaries, exploration of Soledad, exploration of Ordubad and ongoing exploration of Bittibulag.
With 2017 updates to come and a roll out of substantial exploration across the whole of Gedabek prospects there will be much more news to come. Resource and reserve updates to be included in news roll out.

Debt free by year end alongside predicted healthy pm prices is certainly shaping up to be a year of delivery for Aaz.

[jbe81] 06/2/2018 09:01

Update Thursday am as well?

[mattjos] 06/2/2018 08:48

Still a lot more news to come here in the near term

[jbe81] 06/2/2018 08:10

Can't see anywhere better to be invested in the market than AAZ. Gold, continues to do well and expect it to go higher. AAZ ultra conservative with targets and metal prices. Still news of drilling results to come. Should be refinancing news to come. And should be a dividend in the near future.

[jbe81] 06/2/2018 08:07

You have timed it very well IMO basem.

[basem1] 06/2/2018 07:51

Good luck to everyone on this historical day. Hope everyone has some cash for bargains. I'm 35% cash so I'm hoping my new longs will cover most of my losses today. Buying at 8.15.

[2sporrans] 06/2/2018 07:51

Given the conservative tendency of AAZ's production forecasts, 80k+ GE should be achieved. Dunno about the consensus but I'm happy with that.
Clearly there's going to be much more of a blend in the production v Q4 which was nearly all out of Ugur; particularly after the parallel [with AL->SART Ugur train] flotation->SART train is enabled after the new crusher goes operational - end of Q2.
"between 2,100 to 2,300 tonnes of copper (FY 2017: 1,991 tonnes of copper produced)"
Suggests to me the main pit + Gadir will be making a big contribution while they go easier on Ugur; maybe sending a lot of that ore to stockpile.
Back in 2016, before the main pit closure, output ran lean on gold [higher % copper]; the H2 annualised copper production was roughly 2,200T level.

"the second half of 2018 is expected to be better than the first due to seasonal factors and the added momentum of the flotation plant processing on a stand-alone basis from Q2 2018." - Noted.
Does this imply that Q1+Q2 production will be pretty much an extension of the Ugur fed AL->SART train we saw in Q4; perhaps with Gadir+main pit extracted ores going to stockpile? Also, maybe a bit lower production through Q1+Q2 than for Q4, bearing the fore-mentioned quote?

Still nothing on drilling grades etc or resource size etc.
Maybe we'll be told something about the time this is released:
""Key to the future growth of the Company will be expansion opportunities and with this objective we are commencing a substantial geological exploration programme at Gedabek. I look forward to reporting details of this programme in the coming weeks."

Good news but think further patience called upon by investors.

[edjge2] 06/2/2018 07:47

Roped in too looks good. Market may yield nice buying opp.

[mr roper] 06/2/2018 07:44

Cash generating and reducing debt quickly are the cos to look for. This being a prime example.

[return_of_the_apeman] 06/2/2018 07:43

Tip top :-)

Does what it says on the tin, I expect about 30% more cash generated in 2018 vrs 2017 and another 30% uplift in 2018 as the crusher will be online for a full year in 2019. That's without finding further resources in the license areas or further processing upgrades.

Fear not the market crash, everything gets sold off including gold initially but gold is the first to recover.

This has been de-risked again today and the pe is far too low

[crazycoops] 06/2/2018 07:34

The prices needed to be included, as these were used to calculate "gold equivalent ounces".

[mad foetus] 06/2/2018 07:31

Does seem odd that Q4 2017 was up 51% and yet FY 2018 is only expected to be up 13% despite including almost 3 quarters of the higher production rates. As you say, under promise.Also, I couldn't see any profit forecasts so don't know why they put assumption that POG would be 1250. Again, not a problem with the business, just managing expectations to allow for upgrades through the year.

[basem1] 06/2/2018 07:19

Under promise, over deliver I suppose. Better that than the other way round. That's good.

[mr roper] 06/2/2018 07:19

Under promise, over deliver.

[basem1] 06/2/2018 07:18

Was expecting closer to 100k and so were a few others ?

[mr roper] 06/2/2018 07:09

Very nice update indeed. Happy to hold and add on weakness when funds dictate.

[casabella2] 06/2/2018 07:07

RNS out and looks good in anybodys eyes.

[catsick] 06/2/2018 06:25

The interesting thing about these moves is that gold has proved to be the most resilient asset, with bitcoin the least, I think we are at the start of a big risk reorg, producing miners should do well, exploration companies less so, I think if aaz have a decent update there wont be a pile of selling into it...

[jbravo2] 05/2/2018 23:02

Relax robo.
There will always be sellers. We've had various proclamations from many people from 7p stating why it was right to sell.
They were all wrong.
We're cheaper than most explorers, but come the end of 2018 we'll have a 200m plant all paid for, no debt and only 113m shares in existence.
Let those who want to take their profits out cos this is heading much much much higher.

[robo15] 05/2/2018 22:06

We don't want update in morning
It will get sold into !!!

[puntogt] 05/2/2018 21:05

Gold up in £ nicely. Not sure what the impact of the US drop will be on this tomorrow.

[mattjos] 05/2/2018 19:21

if you do some casting about online, use Chrome as your browser for it's inbuilt translation feature, you will begin to understand why Khagani Bashirov was in such a desperate rush to sell his AAZ shares, particularly towards 2015.
Been a very naughty boy and the pressure was on him on various fronts. He may have avoided prison .. it's not clear but, what a mess.

I am also quite sure that Reza is very, very pleased to see him off the share register.

[mattjos] 05/2/2018 16:25

Nothing online

[sh0wmethemoney] 05/2/2018 14:15

Managed to pick up a few at 37