Anglo Asian Mining Share Discussion Threads

[2sporrans] 23/5/2018 10:50

OK, so 45k just got sold while writing.
No big deal.

Odd a seller waits until the price has retraced 10% down and sells the dip, just when buying has pushed the offer back out but as the spread grown accordingly the bid has barely nudged up.
Odds are, if they'd waited even minutes, they'd get another 1p; not that that's of any importance to anyone else.

[lefrene] 23/5/2018 10:50

On special offer this morning, so I too picked up a few more.

[2sporrans] 23/5/2018 10:40

All buys this morning [mostly at 47.9p, me included], apart from 2k + 15k on LSE and ~5k on Nex.

Then that buyer that chomps 20k stashes has come into play and the offer back to fully 49p.
Expect will shoot into the 50s again any time soon; maybe see 55p today.
But no probs if not.
60p+ is very likely before end June, if not May.

?Where are the -ves on AAZ right now, apart from the weak POG which is pretty much the stronger $ effect and buys ever more Manats.

[yasx] 23/5/2018 09:53

This too..

hxxps://www.occrp.org/en/panamapapers/aliyev-mining-empire/

[yasx] 23/5/2018 09:52

From the past, but, worth a read

[yasx] 23/5/2018 09:50

Incidentally, although I am long, I welcome both bearish and bullish comment, as long as it is well thought out. I see no sense in having a platform like the other thread in which only bullish notes are allowed and anyone that dare question any aspect of the Co is set upon by a ravenous bunch of optimists who have a mulish obstinacy to consider anything but positive notes.

I always like to question my investments in case I have missed something or got it wrong - perhaps my natural mindset of being a bear rears its head, but, I see no value in commentary which simply reaffirms what you already know or think you know.

[yasx] 23/5/2018 09:45

CFlather,

Regional issues certainly ought to warrant the application of a significant discount. Even after application of the same, still seems rather cheap to me.

But, what prevents me from going banco and betting the farm here is, why, with all the connections of the BOD's (and for those that do not know I suggest you review their profiles, some heavy hitting characters), are they unable to generate any meaningful PR? Readers on the thread for optimists only will direct all blame at some analyst at two bit share price Angel, but, surely it is not the case of the broker leading the CO by the chain - for some reason the Board are unwilling to make any noise to raise the profile of the Co or the improvements in recent years (aside from Proactive sessions which are of nil interest to any sane investor).

[abbotslynn] 23/5/2018 09:45

I'm a buyer

[yasx] 23/5/2018 09:41

Goodgrief,

Not really - other than Limelight Industrial (who still retain a barely notifiable stake) the only other entity was a one Colby Mining Limited (with just over 3%) and, below that, 3Legs VC with less than 3%.

Something makes me a little uneasy with all this - I have looked into the background of Reza, and he is without doubt well connected in the region and beyond, but, there are other factors that make me think perhaps it is all too good to be true.

More at some point in the future.

[cflather2000] 23/5/2018 09:40

Mine life too short? Regional/national disruption? That's what's putting me off

[goodgrief] 23/5/2018 09:21

Must have been institutional interest at the time of IPO surely? And a greater PR effort!

[yasx] 23/5/2018 09:10

One issue that does weigh on my mind is the fact that there is negligible institutional interest in this share-perhaps this is a reflection on the market cap, but, unless one sees evidence of some interest from these quarters shortly (given the increase in m/c) it has to be noted as a concern.

In my experience, it is remarkably rare to witness a compelling opportunity (on metrics that is what we have here) in smallcaps that only retail investors are privy to.

Ultimately, PR is the conduit between the Co and institutional backing, and, for whatever reason, deliberately or otherwise, the PR has been nothing short of shambolic.

[jbe81] 23/5/2018 09:09

MMs fishing for sellers, bit more buying and will be very blue!!

[2sporrans] 23/5/2018 08:56

Oh so quiet.

Nice chance to top up and taken.

Those "sells" at 47.9p are actually buys btw.
Just over 10% retrace from yesterday's buying peak, on good volume.

But nothing has materially changed.
bargain.

[jbe81] 23/5/2018 08:55

Nice buying opportunity this morning

[yasx] 23/5/2018 08:46

Perhaps it might seem silly, but, despite the stellar run and not inconsiderable profits I am not selling but I yesterday took some more on the dip.

[jbravo2] 23/5/2018 07:34

Yes the water plant will recover very small amounts of metal. I've been told it might be able to pay for its running costs (personally I doubt it) but ultimately its there to address the water balance not make money per se. In reality the main way it saves money is by extending the capacity of the tailings dam.

[mattjos] 22/5/2018 22:33

As mining operations go, this is still fairly youthful one. These early years have seen the company refine their processing techniques to gradually & cost-effectively increase recovery rates .. but, a fair amount has gone 'uncaptured' into the tailings.We know there is a water surplus across the site & so they evaporate water during the summer months and have introduced the water purification & metals capture processing plant .. I assume this will only recover a minuscule amount of the metals but, wait for details to be released as we have none to date.Maybe we just need technology to advance and higher metal prices before we go after it.Inspired move to get connected to the grid last year before oil price shot up this year!

[2sporrans] 22/5/2018 22:19

I'd not realised there is so much in the dam Matt.
Worth bearing in mind if a completely new tailings facility comes into play and the current one drained off.

[broken_arrow1] 22/5/2018 21:05

During a Proactive event network session I believe I heard the CFO suggest a maiden dividend would likely be declared this year barring any unforeseen events.

[jeanesy] 22/5/2018 19:21

Interesting price action today. Very high volume for AAz. Not long to wait for results now. Im rather glad im just sitting on my ISa full of shares for now and not fretting over the intra day action for once. Looks like we might be trading and staying above 50p pretty soon .... unless those sell on news brigade gang turn up . Lets hope that they had there day today !!

[crazycoops] 22/5/2018 19:04

Indeed GG which is why I think it was a good strategy to present at that event.

[mattjos] 22/5/2018 18:17

Can't answer really 2sp.However, since production started, something like 20% of available gold has gone over the wall into the tailings dam.At some future point, metal prices and recovery technologies will perhaps make that an appealing target to go after.New investors here .. strongly suggest you take the time to read & then re-read the FY report. AAZ has a habit of tucking away nuggets of info in their RNS's that may not always be obvious on first read through & the FY report will contain a lot of useful data.Not long to wait

[2sporrans] 22/5/2018 17:39

A thought:

When the 2 independent production trains get running [higher grade gold [oxide] + some silver via the AL->SART process and copper [sulphide] rich [but low in gold] via the Flotation->SART], the latter process will leave a fair % of whatever gold/silver remaining in the ore.
So, will the residual ore be lumped onto heap leaches to get most of the residual gold/silver out?

Noted you comment on the subject earlier JB.

Likely, with the rising production + [we expect] reserves, plant capacity will be fully engaged with throughput of fresh ores. + there's all all the quality stockpiled ore AAZ already has.....

But can't see AAZ will simply backfill with semi depleted ore which could still add maybe well > $1 million further revenue pa.

Thoughts anyone?

[2sporrans] 22/5/2018 17:12

Astute observation Matt:

"We have a repeated and persistent buyer(s) in 10k & 20k chunks. Person/persons appear to have made a determined decision to get a good sized holding here now.
With the mkt cap now firmly over the £50m threshold now, it may well be a institutional investor who is now 'allowed' to buy due as the mkt cap satisfies their in-house rules.
The value of buys now likely beyond what most PI's can afford in such a persistent manner."

For sure the volume of trade has shot up; even allowing for anticipation of 2017 FY results out this week.
That block of 4*20k buys at 53+p caught my eye.
The buyer wasn't exactly concerned the price had ripped up 7% during the morning; just concerned to seize those shares.
Most PI's would have got in before 'take off' or later in day to buy the retrace [typical, albeit likely very fleeting] - as several here attest to.

Whether the recent publicity is bearing fruit or institutional investor had on a watch/buy list pending a market cap. threshold as you suggest or whatever....fresh buyers is just what the stock wants and seems to be attracting.
Rapid upward momentum also draws in fresh buyers, especially in AIM stocks so could well be looking at a virtuous circle prognosis.