Anglo Asian Mining Share Discussion Threads

[goodgrief] 29/6/2018 16:43

Bonanza grades... that'll help the PR!

[mattjos] 29/6/2018 16:38

Singer have been a seller pretty much since they came onto the order book so, am assuming they have a line of stock to get rid of.

Thanks catsick, I have Ordubad pencilled in for starting 15-18 months time .. plenty to go at in/around Gedbek, Gadir and Ugur for now just on what we know today let alone exploration finds

[bleepy] 29/6/2018 16:37

Thanks all who attended and especially those guys feeding us the info.

100g/tonne of gold, no wonders the exploration team have been incentived with a months salary bonus.

[peterpowell21] 29/6/2018 16:34

Anyone know who the seller is?

[catsick] 29/6/2018 16:33

There was also some talk of the ordubad license area, apparently very early days but they know there is a good amount of gold/copper there and they are doing a good bit of the early stage work now, it sounds like the first step there will be a few floatation circuits so once they have done the geo work, drilled etc it should be another stream of gold for low capex although a few years down the line ...

[gutterhead] 29/6/2018 16:27

bought but paid all the money

[gutterhead] 29/6/2018 16:25

trying to buy more, looks tight

[mattjos] 29/6/2018 16:07

thanks for confirming re new crusher gutterhead. Q3 starts next week & brings:

Max flotation, max agitation, max heap leach, max SART

First such quarter in the history of the company with this enlarged overall capacity of combined processing output & all during the warmer summer months & throughout this period we will have some very active & highly motivated exploration teams, with new equipment, fleshing out the data models.
Keeping hold and will be adding .. only 15 weeks to wait for Q3 update.

[catsick] 29/6/2018 16:02

I bought a few more after the agm, nice to see someone selling to me ... Sounds like underneath gedabek there are some nice pockets of gold not included in any of the resource statements, Stephen mentioned they had hit some pockets of 3oz per tonne ( 100g ) so on par with the grades that ggp hit on half a meter and sent the stock into orbit ...

[gutterhead] 29/6/2018 16:01

Other snippets
They do not leave cash in banks in Azerbaijan but do get 3% interest on the balance.
There was some conversation about how the perception of Azerbaijan holds the share price back and Reza commented positively on the country, tourism booming etc.

[gutterhead] 29/6/2018 15:56

Great meeting and good to meet other posters. Stephen Westhead very impressive as are all of the board. Comedy moment was Terropol dimming the lights to add atmosphere.
They seem very excited about the dividend and as the board are large shareholders, they told us that they want the div level to be big AND sustainable.
We as shareholders, are genuinely valued by the board.
Second crusher started operating yesterday. Debt confirmed at $18m.
Regarding share price and undervaluation, they agree but seem confident the dividend will attract more investors and that the value will out in the end.
I’ve held for just over four years but it’s the first AAZ agm I’ve attended and I left reassured and confident. Apologies I had to leave shortly afterwards.

[lefrene] 29/6/2018 15:17

Two more £10,000 sales, whoever it is they keep feeding the market. Many thanks to those of you reporting back, still a lot to look forward to with company.

[mattjos] 29/6/2018 15:14

thanks catsick .. great motivational offer from the company to the exploration teams. Great management offer.
JORC + Gedabek deep update !

Thanks for the feedback from attendees. V disappointed I could not attend and meet others.

[friendzarin] 29/6/2018 15:11

Thought it was a great company before entering the pub came out certain it’s a fabulous one 🙃.

[jbravo2] 29/6/2018 15:08

Sorry you had to run terropol.

GG... exactly that. Think I might be able to live off this share alone in 2 years time.

:)

[peterpowell21] 29/6/2018 14:55

terropol

Are you sure your not in the pub?
You thought your last post was that good you posted it 3 times. lol

[robo21] 29/6/2018 14:54

Great company. Everyone buying. Why are we 43 p ??

[terropol] 29/6/2018 14:53

JBravo....and there is me stuck on a train... wile you2 celebrating the English summer and spending the dividends before receiving them....
Next time I will get a later train...lol

[terropol] 29/6/2018 14:53

JBravo....and there is me stuck on a train... wile you2 celebrating the English summer and spending the dividends before receiving them....
Next time I will get a later train...lol

[terropol] 29/6/2018 14:53

JBravo....and there is me stuck on a train... wile you2 celebrating the English summer and spending the dividends before receiving them....
Next time I will get a later train...lol

[jbravo2] 29/6/2018 14:37

Fabulous AGM.
Nice to meet the regulars and a couple of new faces.
Just finishing up our liquid lunch (me and FZ)
Love this company!

[terropol] 29/6/2018 14:08

Catsick, it was nice to meet you.
Good AGM.

[catsick] 29/6/2018 13:47

Very good agm, great to chat with reza and Stephen company is in very good hands indeed, lots going on, we should be getting a jorc update later in the year along with an update of what is being found under gedabek which is not in any of the jorc reports, it sounds like there is a good chance of significant mine life extension. The exploration teams get a bonus of a months salary for the whole team per 100k oz of new reserves found, lets hope they can make a chunky payout ! Also good to meet up with a lot of the adfn posters !

[lefrene] 29/6/2018 13:43

I see there are three £10,000 sells, so who has a pot of shares on hand who wants to raise money in £10,000 slugs? PWC still dumping?