Anglo Asian Mining Share Discussion Threads

[jeanesy] 11/3/2018 18:22

Strange that such a question should provoke such responses?!. I was only asking in case I had missed something. Seems Celeritas seems to think we should all know the answer to what i thought was a reasonable question! Perhaps we will find out with the long awaited exploration update which may well be out tomorrow?

[2sporrans] 11/3/2018 13:25

".....do we know if mining operations from the main Gedabek open pit have actually recommenced? "
A reasonable question Jeanesy and one to which I don't know the answer.

I'd expect an RNS out at or very near to the event; the main pit being the mainstay resource to date.

Bear in mind that as production is currently very plant constrained [Flotation plant dormant during Q4] ores from the main pit will likely be stockpiled pending the new crusher going live, unless maybe they are oxide and can supplement/substitute for Urgur's. The main pit ores will very likely be sulphide/copper-rich [-> flotation process], in the great main or if oxide, lower grades which will be directed for heap leaching, rather than the AL->SART process.
So, the immediate impact upon production [Q1 and most of Q2] of main pit ore extraction will be modest/negligible/nought.
It's the post Q2 production [with independent AL->SART + Flot.->SART plants both processing] and especially the longer term resource picture that are of course important.
As you know.

[bleepy] 11/3/2018 12:50

Jeanesy

Relax, Q4 2017 - 23,185 GEOs (23,185x4= 92,740geo’s) and that’s before Gedabek open pit restart and 2nd crusher installed in floatation circuit.

23,185 x 4 = 92,740 geo’s so 100,000geo’s not an unreasonable expectation.

[celeritas] 11/3/2018 11:17

Send a mail, I know whats you going and as an actual investor so should you.

[jeanesy] 11/3/2018 09:32

Forgive my ignorance but do we know if mining operations from the main Gedabek open pit have actually recommenced? There are only 2 weeks left of the first quarter!

[bleepy] 11/3/2018 09:16

Q4/17 reads....

"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. I look forward to providing further updates on forecast 2018 production and expansion and exploration objectives in the coming weeks."

Production and sales review

Q4 2017

· 31 per cent. increase in total production expressed as GEOs for Q4 2017 to 23,185 GEOs (Q3 2017: 17,714 GEOs)

· 52 per cent. increase in gold production for Q4 2017 to 21,931 ounces (Q3 2017: total 14,468 ounces) due to production from Ugur


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

[catsick] 09/3/2018 23:33

I would be surprised if we produced more than 5k a month of gold in jan and feb 6k max, the other mine is clearly ramping production up and we should be happy for them, they are near to us and it shows there is plenty of gold around ! We are unlikely to go that far outside the target production, the grades we have are well known and the only variation we are likely to see is if the floatation plant can be brought on line quickly and that will be more a copper boost than gold. Any major breakout will be off the back of drilling results that extend the mine life not outlandish production figures

[henwii] 09/3/2018 21:09

Been looking at a lot of previous results and operational updates RNSs this evening and this is the first year that could have all 3 mines operating at once.

Gadir stopped production in early 2017 to explore and was due to be brought back into operation Q1 2018. Then you also have Ugur and the main pit. Could this be the reason for the large increase in production figures?

[jeanesy] 09/3/2018 20:13

Nice volume today and another blue day ! Strong non farm payroll figures means POG remains pretty much unchanged, but price of copper up. Normally POG would have fallen.Strong figures normally bad for gold. Looks like news on monday to me. 7am RNS . Lets hope it has been worth waiting for1! Enjoy the weekend folks !

[henwii] 09/3/2018 18:27

From the article highlighted above saying 744.8Kg produced in Jan 18 it would suggest 744800g / 32g = 23275 troy oz(approx) produced. If what others have stated is correct and the most Az can account for is 3500 troy oz / month then it would stand to reason that approx 19775 troy oz is attributable to AAZ.

If this is the case, and like others I think this unlikely regardless of how mild the winter has been, it compares very favourably to previous years:

2014 Q1: 11,318 troy oz
2015 Q1: 17,185 troy oz
2016 Q1: 13,383 troy oz
2017 Q1: 9,258 troy oz

As can be seen from the above figures (which are for the whole of Q1 in each of the years stated) it would suggest, if true, we could be in for something of a very pleasant shock at some point during the middle of next month. I would be nice to have an idea as to what Feb 18 production has given us. In fact if we are close to half that figure we are still on for 120k troy oz for the year, + silver and copper.

Role on middle of Apr.

Far too much value here to remain at this level. I have been waiting a long time !!

[friendzarin] 09/3/2018 18:16

Can’t believe anyone is short on this given all the technical indicators and fundamental progress obvious to anyone who does a smidgen of research...even RIP van Winkle would wake up to buy this at current levels. Have a good weekend all and looking forward to next week.

[jbravo2] 09/3/2018 17:57

Exactly coops.
It may feel like dithering but its only natural that some want to get out at recent time highs. There are always some who don't quite believe it can be this good. Some who worry about it crashing back etc.
The selling is pretty thin though and we've only been consolidating because the buying has been equally thin.
But because its a small free float it moves very quickly on fairly modest volume.

Enjoy your weekend everyone

[crazycoops] 09/3/2018 17:50

It has been a solid consolidation period at this level. Gold is perking up. Hopefully, the stars will align and we will get our resource/exploration update next week. I am very much looking forward to reading it and sure that the share price will take care of itself. The true valuation will out here, sooner or later.

[lefrene] 09/3/2018 17:31

I certainly wouldn't want to be short over the weekend. But you can never tell if those late buys are indeed shorts being covered? It would be good to leave this 40p-45p dithering area behind.

[jbravo2] 09/3/2018 16:27

Last minute rush before Monday?
What is it those rampers say?

"I wouldn't want to be out of this over the weekend"?

:D

[celeritas] 09/3/2018 16:22

Some chunkier trades going through.

[mr roper] 09/3/2018 13:34

Buy both and relax

[chrysalis99] 09/3/2018 13:16

Thanks all. I'm weighing up both AAZ and ARS.

[terropol] 09/3/2018 13:06

Yes guys but our primary crushers can only process to full capacity. 80000z in the 2 cold month would still give us 96.000oz x the year. It could be more but better to be realistic and avoid any disappointment.

And I like others have said many times....Negligible valuation.... we should be £100m plus at this stage.

[bleepy] 09/3/2018 13:03

Mild weather generally translates to higher output from leach pads.

The stockpiled sulphide ore alone is some 12mths supply for floatation plant.

[celeritas] 09/3/2018 13:00

Bashirov was the forced seller, he went bankrupt liquidated his assets which aam was one. The share price was decimated by this large holder.
If you are looking to invest you couldn't pick a better time. Debt was an issue but last year was payed down in great big chunks, with the rest, I think about £12m now syndicated at a lower rate and not secured on any assets.
Ore feed was an issue but that was also ironed out last year with as some have said above treatment methods for all the ore types now sorted out.

This year we are spending a lot more on exploration which is really the first chance AAM have had after years of scrimping.

[jbravo2] 09/3/2018 13:00

There's no way we're producing 13koz per month in Jan and Feb IMO.
Sure it's not been a bad winter but it's still cold.
I'd take 8k and guess that's just about doable though. It's way above what we've managed in Jan/Feb in recent years.
I'd agree with the estimate of AG being able to do 40koz on current set up. Clearly still selling stock from previous owners. Who knows how much they've got left.

[cannonfodd3r] 09/3/2018 12:47

Id say a lot more Terropol, thats only 265oz/day, they were doing more just after getting ugur opened. My guess would be that its up to over 375oz/day and upto 450oz/day (11,250-13,500oz months) which still leaves a lot unaccounted for. With the weather being good and knowing that they will have to lose equipment i reckon they have gone for it in a big way.

time will tell soon enough

[terropol] 09/3/2018 12:42

Goldrush, I estimate a production of 8000oz per month for both Jan and February.