Anglo Asian Mining Share Discussion Threads

[2sporrans] 16/4/2018 09:09

Note on above Ugur observation:

I've been of the persuasion, since the very conservative looking 2018 prod. target release, that the Ugur production profile would exhibit both progressive grade reduction, partly to conserve and also sustain a steady cashflow going forward.
So this news isn't a problem for me.
Should have more or less been priced in.

[terropol] 16/4/2018 09:06

"The discovery of new potential mines, such as Ugur, together with the conversion of already known but under-explored prospects across our contract lease areas, is crucial to the continued growth and enhancement of our total production profile. With this in mind, I look forward to reporting on our exploration and appraisal activities over the coming months as we look to continue and increase the upward trajectory in production that we are now delivering."

[catsick] 16/4/2018 09:06

I would say it's basically semi overburden that is the low grade to get at the good stuff and thrown on the heap leach, production is still very high and its the winter qtr, also copper production is only a few weeks in march from floatation, the next couple of quarters will be huge and the cash created is going create a huge pile to invest in divs / exploration / new areas of production...

[2sporrans] 16/4/2018 09:02

Looking at the Ugur output, seems to be a big switch from Q4 towards extracting low grades for heap leaching.

Q4 - 238,818t extracted @3.2g/t

Q1 - 198,564t extracted @0.57g/t +
Q1 - 89,650t extracted @1.82g/t

The top q1 line for heap leach.
The 1.82g/t [my est.] for AL->SART [Flot_>AL->SART in March].

Maybe explains truncated buying?

Not say this is bad news; just a consideration.

[rileyma] 16/4/2018 08:50

ah ok fair doos ;-)
I stand corrected

[2sporrans] 16/4/2018 08:40

Anyone else find this of interest?

"Gadir not producing much but never mind the width, look at the quality.
The grade of 5.86 g/t is way up on the 2017 av. of 3.56 g/t.
Augers well."

The modest quantity extracted could be down to a number of things.
I'd like to learn the operational costs on this; at 5.86 g/t the margin should be good.

[jbe81] 16/4/2018 08:38

Riley, see page 6

[jbravo2] 16/4/2018 08:37

Oh dear riley.
No. No. No.
As recently disclosed we have nearly $100m of costs still to recover.
You can add another $6m for exploration this year, $50m+ for cost of production and plenty of other items as well.


PSA is NOTHING to do whether we have current debt or not.

[2sporrans] 16/4/2018 08:35

12% all gone JB.
My memory slipped.

But hopefully not my judgement.

[rileyma] 16/4/2018 08:33

doesn't this mean the PSA isn't far off kicking in?

[my retirement fund] 16/4/2018 08:32

Impossible to buy any at all online at the moment.

[jbravo2] 16/4/2018 08:23

@2sporrans.
Think you've missed the bit where they stated other loans were adjusted to 7% too.
Don't think we have anything at 12% anymore

[2sporrans] 16/4/2018 08:18

Note that of the $19.mn residual debt, $13.5-mn is the 2yr soft loan from Pasha bank @7% interest only.
So if AAZ pay down the other $5.5-mn in Q2, that's good bye to all the 12% loans.

[mad foetus] 16/4/2018 08:17

The biggest problem here remains the lack of liquidity in the shares. The company is going great guns, but it is incredible frustrating to be unable to trade chunks of even £5,000 quickly and reliably. If any of you are in touch with the board, that is something they should seek to address.

[edjge2] 16/4/2018 08:15

yep market thinks so too

[bumpa33] 16/4/2018 08:13

Debt reduction this qtr even more impressive when you take into consideration additional $4m loan payoff to Reza. From next quarter on this is going to be throwing off cash like it’s going out of fashion...

[terropol] 16/4/2018 08:11

Good Morning all, They have been busy, 50p here we come just like the chart is been saying.
Cash is pouring in, It will not be long before we start to get some.
And restating the Mid tier ambition by looking at more resources.

WEll done AAZ TEAM.

[2sporrans] 16/4/2018 08:11

Ha !
A few more schnapped up for 43.0p; just in time.
ii actually functioned well.
Must be a goood day.

[jbe81] 16/4/2018 08:10

Very good results. Maiden dividend cant be far away.

[2sporrans] 16/4/2018 08:08

Just noted:

"The Company changed the configuration of its processing facilities in March 2018 in conjunction with the recommencement of mining at the Gedabek main open pit. Ore from the main open pit together with stockpiled ore was treated initially by flotation and then by agitation leaching. This configuration will continue until the second crusher line is commissioned, when the flotation plant can operate as a stand-alone processing facility, which is anticipated during the current quarter. In Q1 2018, flotation processing produced 819 dmt of copper concentrate containing 141 tonnes of copper and 735 ounces of gold."

C'mmon Bleepy, where are you man.

Just goes to show the flexibility AAZ now has with the plant.

I'm guessing they are aiming to go steady with the Ugur production going forward.
Anyone else got a view on that?

[jbravo2] 16/4/2018 08:07

Net debt free by end of Q2!
(They'll run the loan to term and use the extra cash for exploration and any other stuff that might need paying for.... now has anyone got a mine they need help paying for?... CGH have a nice resource... etc etc)

[supercity] 16/4/2018 08:06

This share should easily regrade - the debt will be paid off within months and then look at the profit they will be making compared to current market cap

[celeritas] 16/4/2018 07:56

Yes cash is really making a huge difference now.

[mr roper] 16/4/2018 07:56

Super results.

[2sporrans] 16/4/2018 07:55

Report reads well.

Note the main pit is indeed producing again; guess the ore is going to heap leach or being stockpiled where >1.5g/t gold.
A detail really.
Ugur and the AL->SART process going well.

So Q1 debt paydown was almost $8-mn !!

Cash of $8.6-mn.
Great considering the debt paydown.
Well that's the 2018 exploration budget covered.
Pretty much the crusher too though guess that's already paid for.

Almost $700,000 worth silver produced - significant.

Gadir not producing much but never mind the width, look at the quality.
The grade of 5.86 g/t is way up on the 2017 av. of 3.56 g/t.
Augers well.