Anglo Asian Mining Share Discussion Threads

[jbravo2] 18/9/2018 08:29

Thanks bumpa. You're a real asset to this board

[yasx] 18/9/2018 08:29

In light of the update today, valuation looking increasingly odd. Surely this has to motor soon...

[bumpa33] 18/9/2018 08:24

Ok, KBC have pulled their quote.

Now been told the seller is coming towards an end and is relaxed scaling up ie. no more at this level.

Edit: where they reload, and how much left I don’t know.

[return_of_the_apeman] 18/9/2018 08:22

Fantastic RNS, 1million oz coupled with grades of up to 95g per tonne to sweeten the mix from yesterdays RNS must mean that those that were worried about mine life surely have had their prayers answered

Another massive RNS to land tomorrow, and their is still a rich vein of news in the pipeline

Particularly looking forward to the q3 update now the 2nd crusher has been online, the next jorc and the heli survey

Those that bought off of the midas tip must not believe their luck

Looking at the original IPO docs there are still massive amounts of gold in the contract areas that is not being mined yet and which dwarfs the current mine life

[loafofbread] 18/9/2018 08:08

Managed to get 40,000 with IG at just over 51p.

Rather surprised at availability.

[2sporrans] 18/9/2018 08:07

You're right to correct me JB but i wasn't thinking H1; it's q3 in my mind and back to something like full production.
Just we haven't yet any figures.
But at least 11 weeks of it and we know the cashflow is good.

[loafofbread] 18/9/2018 07:56

This has to be in play now?

[jbravo2] 18/9/2018 07:48

Quite right 2sp, apart from your "ongoing extraction rates bit".
We only mined 50kt from the open pit in H1. Yes, less than 10% of our ore came from this pit in H1.
Its 5-6 years if we move back to actually using it!
We won't in practice use much from it til the back wall pushback is completed IMO.
Ugur and Gadir are the focus til then.
Just gets better the more you think about it.

[catsick] 18/9/2018 07:46

Interesting that the gedabek pit jorc is about the same resource as it was when they started mining it with min 5-6 years left at the pit together with everything underground which is not included in this number but is significant and growing, then plenty of time to develop the next ugur or other deposits they have highlighted...

[jbravo2] 18/9/2018 07:43

Agreed brasso.
That'll "tide us over" :D til Ordubad comes to the fore.
It'll take a year or so longer than matt says IMO, but it is coming nonetheless

[brasso3] 18/9/2018 07:40

In 2019 the total resource should be easily around 1.5m ounces of gold.

[goodgrief] 18/9/2018 07:38

That'll knock the MM's ball clean out the court. Not playing their game anymore!

[gutterhead] 18/9/2018 07:34

Yes. A real determination amongst Reza and his colleagues to work towards fair value.

[jbravo2] 18/9/2018 07:32

Ha ha ha yeah.
Dividend news tomorrow.
What a three day run!

[brasso3] 18/9/2018 07:31

It feels like RV has finally had enough and decided to put an end to this ludicrous share price! Another RNS tomorrow... :)

[jbe81] 18/9/2018 07:30

Sergei is going to have a busy week, looks like share price Angel need a new target, a day after they have just updated theirs!

[gutterhead] 18/9/2018 07:28

Just can’t see us below 60p for much longer and could be more!
What a week, wow

[mattjos] 18/9/2018 07:28

This will see back of the seller this week

[brasso3] 18/9/2018 07:26

Post 15335 - I retract that statement!

[lefrene] 18/9/2018 07:22

Now if Carlsberg did Jorc reports................:¬)

I predict another good day!

[jbravo2] 18/9/2018 07:20

Blimey! I thought they said end of September :D

Fabulous stuff - far better than I expected for the current pit without the down dip exploration.
Think about when we add Gadir in! And more from Ugur!
Think about when we start to add new stuff entirely. Either in the current area via heli-survey or in Ordubad from the geological survey.

All with only 114m shares in issue of which over 50m are held by the board.

Minting it!

[brasso3] 18/9/2018 07:17

0.5m ounces of gold produced from Gedebek to date and plenty more to come.

[gutterhead] 18/9/2018 07:17

Rns yes another one
That’s good news ref assurances over mine life!

[mr roper] 18/9/2018 07:11

Think the mm’s will be shakin. Can’t remember the last time Aaz we’re knocking out news every single day lol