Anglo Asian Mining Share Discussion Threads

[mattjos] 25/7/2018 16:39

Bid has been strengthening for last 3 days in the background .. for last hour, into the bell, MM's were bidding 45.5p for 20k. Offering no lower than 46.8p for anything over 10k.
Buyer took 24,999 of the 25k offered in the auction at 46p. Selling is only a dribble during the day and all snapped up anyway.
Price may look static but, looks can be deceptive

[dianecarberry] 25/7/2018 16:30

Just shorted a load more.

Way overvalued.

[doctoromeo] 25/7/2018 15:46

D C
You are full of it END OF!
Short it and post up your PROOF .
ehh no??............i didnt think so

[mattjos] 25/7/2018 15:27

Seems pretty clear that unless Euro & Yuan strengthen & thereby effectively weaken US$ then, Trump is going to lever up trade sanctions & if that hurts US Domestic producers, he will simply divert trade tariff funds to these producers, as case with farmers yesterday.Given size & appeal of US market to Europe & China, I would expect Trump to get his way & the US$ to fall .. he has been calling for a weaker $ since his election.Gold should start to benefit from here on ... August, statistically, a good month for gold At same time & because of BREXIT situation, would expect to see the £ remain weak. In the context of being an AAZ shareholder, all good!

[dianecarberry] 25/7/2018 15:13

This is a stonking short.

worth no more than 10p

[peterpowell21] 25/7/2018 14:20

Gold on the march up again.
Its lovely knowing ever tick up is adding more money to the bank.
Whats not to like, lovely jubbly.

[gutterhead] 25/7/2018 13:44

me neither, think it would be a good move. lets get to 100p first, this year would be good but looking unlikely I think-hope I'm wrong

[mattjos] 25/7/2018 13:16

Yup, could not agree more.

Keep extending LOM for Gedabek, with an eye on the PSA terms.
In parallel advance the Ordubad exploration work with a view to starting a second operation there in approx. 18 months time. Ordubad can be planned to go large with time as the confidence grows but, start small & fund organically for now. There does appear to be 'low hanging fruit' at Ordubad. Sufficient for 2-3 years initial production at say 15-20,000oz/year.

Would have no problem with a combined debt & equity raise (£40m/$50m??) when we are over £135m mkt cap to accelerate either Ordubad and/or any other asset, providing the investment case is sufficiently attractive.

[2sporrans] 25/7/2018 11:39

Thanks for the Ordubad Geo. article Matt.

Though, in the long run, this may prove to be the biggest and best resource of aAZ's current assets [certainly looked that way at IPO and from Soviet explor.], I'd prefer the great emphasis to remain in exploiting the Gegdabek licence, assuming the 3 year explo. programme reveals several years more years of resource, close or better quality [AISC] to what is being mined now and av. at least 80k GE pa. over min. 10 years. [Hoping for more though]
With that scenario, the prospect is for high margin mining, sustained net cashflow upwards of $20-mn-pa; enough to pay a growing dividend while comforatably covering Gegadbek CAPEX + extend the explo. prog., still at least $6-mn-pa.
Which will include Ordubad.

If there's a ton of spare cash, guess taking 1 or 2 of the best Ordubad prospects to JORC will be good.
But is it worth spending big, like on development-production if there's plenty of years good feed going into the existing plant?
The ~$100-mn cost sunk into this plant + infrastructure has only now just been fully recouped; at least a couple of years of cash build + growing dividends will surely see the share price rise proportionate to a much higher capitalisation value than the current ~£50-mn.

Maybe the PSA can be revisited to AAZ's advantage at that juncture; + Ordubad viewed in that perspective + enough cash to develop from that + maybe another substantial but lower interest loan and without share dilution?

[dianecarberry] 25/7/2018 11:15

This is a stonking short.

worth no more than 10p

[peterpowell21] 25/7/2018 10:36

Gold on the march north again.

[sh0wmethemoney] 24/7/2018 21:10

That's Diane on ignore! Can't take any more

[davr0s] 24/7/2018 21:05

Yawn - I'm going to add to my position tomorrow

[dianecarberry] 24/7/2018 20:32

Worth 10p max

[sh0wmethemoney] 24/7/2018 20:17

Anyone had voting information on AJ Bell platform?

[yasx] 24/7/2018 19:45

Bozzy S,

Indeed- bear and bull case with analysis always welcome. DianeCranberry is rather dim and has been sent to the register of filtered fools, and will remain there.

[bozzy_s] 24/7/2018 17:44

122: no point in feeding the spineless, useless child troll.

Look at posts 67 - 77 on here. Diane came up with some stupid cashflow number. Posted as fact but wouldn't tell anyone where it came from. And when caught, instead of putting her hands up and admitting a mistake, she spammed away.

Just use the filter button. There are better, more credible posters who can argue the bear case against AAZ.

[mattjos] 24/7/2018 16:34

cagey day .. all the sells on the NEX market, all the buys on the normal market. Buy & sell volume matching one another.
Crafty buyer in for 20k at 46p in the closing auction

[goodgrief] 24/7/2018 16:17

Just another 350 miles then?

[broken_arrow1] 24/7/2018 16:09

Gold bouncing

46p to buy v share price Angel conservative target 77p

[dianecarberry] 24/7/2018 14:56

Cash flow/liabilites and balance sheet.

[dianecarberry] 24/7/2018 14:56

Cash flow/liabilites and balance sheet.

[terropol] 24/7/2018 14:42

Could you share your model with us....

[terropol] 24/7/2018 14:40

Hello to the quite bb from the Scottish boarders...going very north. Keep the eggs warm guys wile waiting for next update.