Anglo Asian Mining Share Discussion Threads

[mattjos] 04/6/2018 10:41

John Meyer at share price Angel gives Georgian Mining a 'Strong Buy' rec this morning off the back of some small drill results, which don't look particularly inspiring to me:

• Georgian Mining report the discovery of long intersections of higher-grade polymetallic gold in drilling at GZ3 on the Kvemo Bolnisi East property in Georgia.
• The length and higher-grade of the intersections are surprising and indicate potential for significant mineralisation at depth
• Near surface intersections are also surprisingly good with a 12m intersection of gold oxides from surface grading 0.99g/t at GZ2
• A further property at Kvemo Bolnisi West ‘KBW’ (600m west of GZ3) is also showing promise with a grade of 888g/t of silver seen in a surface sample assay.
• A previous drill intersection at KBW shows a 59.5m intersection grading 87.97g/t silver and 0.1g/t gold.
• The recovery of more gold oxides in pre-stripping at GZ2 before the mining of the primary copper ore underneath should add meaningful value to the project when it comes to mining.
• Georgian’s geologists are using the Corbett model to help describe these epithermal gold-silver and copper-gold systems, see: www.corbettgeology.com
Conclusion: These are the sorts of results that get geologists and miners quite excited. They are surprisingly good results indicating potentially larger and higher grade gold mineralisation than previously seen.
While these are promising drill results the real value should be contained in the copper which we expect to be found below the gold and we might also assume that if the gold grades are higher then deeper drilling may also identify better copper grades further down in the system.

[yasx] 04/6/2018 09:59

Anyway, time will tell how it unfolds. I have a balanced view on affairs. The stock has served me well, and the price is more than double what I originally entered at and I continue to hold.. I also have oft traded it in the past, since it has been fruitful to sell some of the core holding on every spike and buy back lower. Those who tell you this cannot be traded for fear of never being able to get back in are talking twaddle, though I accept there is insufficient liquidity to offload substantial amounts, but, certainly one can reduce the core holding from time to time and buy back lower. That is unlikely to change given the extent of retail holders involved. .

[yasx] 04/6/2018 09:49

Here is something else to ponder - perhaps they do not wish to have institutional investors - that in itself would be a cause for concern. It is far easier to bulldoze retail holders if required than those with more influence. It is noteworthy that this has never had the backing of any significant institutional holders since inception, save those I previously mentioned.

[yasx] 04/6/2018 09:46

KS,

Thank you for that.

You are right that not having to engage in equity issuance perhaps renders useless the need to promote the offering - but, not quite. Firstly, I am sure that the Board would prefer a more robust set of shareholders in the form of institutional investors rather than the retail brigade. Secondly, they are embarking upon promotional initiatives, such as periodically appearing on the dud Proactive site and must therefore hope to derive some benefit from that.

Whatever their intent, if it is not to drive higher the price of the shares in line with enhancement=s in value over the past year, then it serves no purpose to retain a listing. The ultimate driver for any holder is to see price appreciation and/or income in the form of a dividend. If they do not need to issue equity, and, if the underlying value is as glaringly obvious to them as it might appear to us, then they could table a bid for the remaining shares not held by the BOD's. The idea of retaining a listing and yet seemingly seeking to suppress awareness of any value enhancing initiatives is hardly welcome. Or, it might be the case that there are impediments and obstacles of which they are aware and they therefore seek to hinder positive sentiment. I just do not know, but, what i do know is that one cannot blame Meyer for the lacklustre PR.

[king suarez] 04/6/2018 09:32

Fair points there, yasX.

I've been following this company for around 10 years, having been an investor around 2008-09, then selling up as I felt the valuation had got ahead of itself a bit at the time.

I watched it during the lows of 5-6p again, thinking there must be something drastically wrong as it was priced to fail (I had no money for investing at that time) and have watched it climb all the way back to the high 30s (where I have re-invested) and onwards since.

I am very tempted to buy more and more shares in this company as I agree that it is still well undervalued and in the strongest position financially and operationally since I first started following (mostly on these boards) but having been burned by various AIM listed companies in the past I am cautious of the unknowns that could suddenly present themselves 'out of the blue'.

Not much of substance to offer in my post I'm afraid, but just wanted to comment to say I appreciate your measured postings as it is very important to asses the risks - the positives are glaringly obvious (to me!).

I suppose, if you as chairman have no need to raise equity financing, then what real benefit is an over-hyped share price? This is perhaps why the board are less concerned than us shareholders about the share price - I'm sure if the time comes that they wish to sell up (the company or their individual share holdings) then we may see more of a push to promote the company?

[callmebwana] 03/6/2018 13:52

I watch Rick Rule (president and CEO of Sprott Fund) He is a very clever man.
I have found his views very helpful in investing in mining shares. You can watch his videos on...sprott investing youtube.
GLA.

[jbe81] 03/6/2018 13:10

Very interesting point re azergold and aaz paying a dividend ,Matt. Am sure others are thinking the same . Do the Azeris really want cash leaving the country to the shareholders . Interesting to see if the is any drilling news in the near future. Very interesting times

[lefrene] 03/6/2018 13:02

Not sure how old this item is, but if it's recent then it could be China saying the Yuan is backed by gold? (Remember "I promise to pay the bearer" laughably written on old banknotes! Are interesting times just around the corner? Is gold about to catch up with the deluge of 'funny money' that has been keeping the wheels turning? I guess watch the price of gold, has to be good for AAZ

[homebrewruss] 03/6/2018 06:25

Mattjos, yes I mentioned this recently to yasx on the other aaz thread. He dismissed it out of hand but it does seem to me that there could be two tiers of client at share price angel and with AAZ not doing placings they are disadvantaged on the PR front.

Maybe we will get a lift from gold prices soon too, I've seen a bit of Twitter chatter suggesting an imminent move up:

[goodgrief] 02/6/2018 22:38

If their mkt cap was somewhat bigger, I'd like to see them go for a main market listing instead of Mickey Mouse AIM.

[mattjos] 02/6/2018 21:50

In an ideal world .. ie. one where a listed company is not obliged to have a Nomad & a Broker, were it me .. I'd go without their services completely & save the money.Unfortunately, a listing obliges us to retain the services of these people (who therefore operate in a cozy monopoly) .. I hope that share price Angel are therefore the cheapest.I'm pretty sure that we're we in dire need of an equity fundraiser, Meyer would be singing our praises.I believe with the advent of a dividend, we should sack them off & choose a larger operation, more accustomed to representing profitable growth companies that are not £5 away from going bust every 6 months.Anyway, the figures here will do all the necessary talking this year. Seeing cash go to shareholders will likely be a big message to AZERGold also, imo. Very interesting year ahead!

[mattjos] 02/6/2018 21:41

In a recent interview with John Meyer, thanks for forwarding Terropol, he has much to say about the likes of Bluejay & Georgian Mining .. he does mention Anglo Asian but, 'only in passing' way. Unlike virtually every other junior miner, AAZ has dramatically cut its debt & is now on the cusp of a maiden dividend ... attributes he highly rated amongst the majors but, seemingly does not in the same way for AAZ.The guy irritates the hell out of me .. I've e changes several emails with him re. AAZ as the price has climbed from 10p to 50p .. his/their stance is so much behind the curve that it is laughable. All these other juniors he is so enthusiastically bullish on, are years away from production & therefore likely to require multiple rounds of equity finance before they ever turn a profit .. aka, share price Angel will earn fees from them. AAZ has no need for equity finance so they give it next to zero air-time. These people are just leeches.

[crazycoops] 02/6/2018 13:48

Not great that share price Angel have still not issued a new note - perhaps they are on notice? Fingers X

[mattjos] 01/6/2018 20:58

Please don't mention AAZ to Chronic Investor .. usually kiss of death.Unless anyone knows better, am still waiting for share price Angle's new note .... they'd best get their skates on before the AGM as I will be suggesting we are rid of them unless they get a whole heap more pro-active in their efforts here.Good weekend to all .... new crusher should now be crushing :-)

[jeanesy] 01/6/2018 19:53

I think your buy order will get filled next week Basem if its still running, as we slip back below 50p. With POG also below 1300 we may well move a bit lower before someone decides we are too cheap . Sells outweighed buys this week for sure !

[crazycoops] 01/6/2018 17:33

It is a blessing not to be tipped by IC

[cyberbub] 01/6/2018 17:32

Lefrene no harm in dropping the chronic a line and ask them to look at AAZ??

[lefrene] 01/6/2018 16:41

I see the Chronic Investor has given a 'buy' to Shanta Gold, their market cap is almost the same as AAZ, but their all in production cost is circa $680 to $700 an ounce and they have 48% debt on their balance sheet. They also happen to be in Tanzania, which I see are rather riskier than Azerbaijan. No mention of AAZ! a similar market cap business in a far healthier state, with costs easily 10% lower.

[yasx] 01/6/2018 14:52

Wrighty,

You always follow me around (but, to me you are simply irrelevant and I never give you a second thought)- says it all. Some lead, others follow. Chuckle chuckle.

Off you go.

[2sporrans] 01/6/2018 12:09

Have we seen a schematic or similar, showing where the 2018 passage/gallery extension under the main pit will go?
It will commence from the sub "Pit 4" location at North end of the main pit; this was reached in 2017 [606m tunneling recorded for 2017 to achieve this].
If look at page 15 in 2017 Explo./dev results report, shows the 2017 gallery to pit 4 clearly:

hxxp://www.angloasianmining.com/media/pdf/2017%20Exploration%20Activity%20and%20Results.pdf

alternative link if this fails:



From memory, I think the new gallery will pretty much bisect the 'footprint' of the main pit above it.

Although progress with the gallery, especially mineralisation observations/samples, will be important, guess it's after the side passages are completed the crucial [fan] drilling gets underway in earnest.

[basem1] 01/6/2018 11:49

I've just put a 50,000 buy order on at 48p. Let's see if it gets filled. Can I have another seller or two please.

[celeritas] 01/6/2018 11:22

GFM went from 20 odd pence to over 150p. Most of that move came after it went cash positive (no debt).
AAZ have restructured the debt which is pretty small now anyway but I do expect it to go net cash positive this year.
The bonus here being a dividend plus $100m of recoverables.

Exploration from Gadir under the main pit could be a huge new find. Two birds with one stone, explore Gadir while on route to the main pit.

Gadir is circa 1km from the main pit with exploration obviously following mineralisation. In fact 271m showed significant mineralisation.

The route to under the main pit does indeed seem to be paved with gold.

[edjge2] 01/6/2018 08:56

FOMC may take brakes off for a tick shaped change.
Gold 1299 at present, worry not.

[robo21] 31/5/2018 18:00

Gold is 1301. Is my chart wrong ?