Anglo Asian Mining Share Discussion Threads

[catsick] 20/9/2018 15:52

Still going up without an rns today !

[celeritas] 20/9/2018 15:51

So did I, barc just gone back up.

[brasso3] 20/9/2018 15:44

At various points today its been possible to sell online in 100k amounts.

They want your shares!!!

[lefrene] 20/9/2018 15:07

bozzy_s,

One possible aspect of the impeccable behaviour of the management here, is that they might get contracted by the Azeri government to manage extractions in other parts of the country. No financial risk, just supply the expertise and ethos for a set percentage of the tonnage. Wouldn't do any harm to the cash flow.

[bozzy_s] 20/9/2018 14:26

Not wishing to labour a point (not least because it sounds short-term focused, whereas the big money will be made by those who hold), the bid just got stronger. 61p for 90,000 shares.

High net worth individual(s) and/or institutional interest it appears. And the persistent seller must have finished.

Looking good for 5 blue days this week. Totally predictable. Lots on here took advantage of the relatively weak share price thanks to the seller.

Discussing reasons to sell, one that comes to mind is anyone who borrowed money to buy AAZ before the sensational results - as we all knew it was a brilliant H1. If anyone borrowed to buy they'd probably have to bank their profits.

Now we're in the position of having a keen buyer to underpin this week's gains and to mop up the above profit-takers.

Hope the AAZ guys read this BB. You guys are the best on AIM, number 1, easily, without doubt. The way you've run this company is first class.

It's nice to read the positive impact AAZ has had on the local population. The employment opportunities including management positions, the community projects funded by the company, the general uplifting of the area thanks to the mines. The profit-sharing agreement with Azeri government and the close relationship formed with them - which might prevent a speculative takeover approach by a non-affiliated mining company. The first-mover advantage in the country which could yet bring massive fortunes to all.

Thank you again AAZ. I feel privileged to be a part of this club.

* Just noticed I first traded AAZ shares in Aug/Sept 2012 but that was a short-term punt. Now I'm an investor.

[mattjos] 20/9/2018 13:57

"Hopefully catching up in the not too distant future"Lol, you can be damn sure of that! At least two more sets of interviews this year .. Oct & Nov, I suspect.

[jbravo2] 20/9/2018 13:42

Thanks hbr.
Like jbe says, it's 12:45 to 20:30 on the podcast.
Nothing we don't know here of course but a beautiful summary.

If you're reading this and don't own, you're bonkers. Official.

[celeritas] 20/9/2018 13:32

Barc are still bloody down, cant even log in.

[jbe81] 20/9/2018 13:30

Bill starts at 12.50 on the podcst

[homebrewruss] 20/9/2018 13:28

AAZ on today's vox markets podcast - not listened yet:

[lefrene] 20/9/2018 12:54

It can consolidate around the 5% yield level as far as I'm concerned, about 100p, before moving on to a more growth centred valuation :¬)

[jbravo2] 20/9/2018 12:54

@king Suarez
Re how much credence do I put on the Russian data.
Not sure how to describe except perhaps saying I give it a 7/10. The smaller the resource the more unreliable I'd guess it is. That why I think Ordubad has got to be fairly safe. As I said we only need a couple of the prospects to be proved up and we're off again.
I hope we take a gradual approach again, as outlined by catsick, can't think of a reason why Reza won't. He's proved it works and avoids that nasty dilution word.

@catsick
Looking forward to it. I don't mind buying the booze. I can just about run to that nowadays :D

[jbravo2] 20/9/2018 12:51

Another good morning I see.
Not so sure about consolidation. We'll see. The lull trying to bore a few newbies out.
Can sell 50k at over 61p but can't get a quote to buy 10k.
I guess someone wants the shares pretty bad

:)

[bmcb5] 20/9/2018 12:35

Agreed. Consolidation, with volume, after a 40% rise is good form. Heading for 4th successive day of >1m. Nice liquidity

[mad foetus] 20/9/2018 11:58

Still looks strong but a bit of consolidation around here wouldn't do any harm

[terropol] 20/9/2018 11:58

CATSICK, look forward to it. The 50p target for the dinner well gone...
And by then you will also have the dividends in the account.
Do you thing we could have copper plates and Gold plated cuttlery?? With AAZ stamped on it. LOL

[bozzy_s] 20/9/2018 11:58

Online quote of 60.7p for all my shares (just below 100,000)

Looking very strong. Mattjos mentioned a buyer in the auction, looks like they're pretty keen.

[ntv] 20/9/2018 11:31

interesting that no-one mentions the fall in commodity prices as having an effect on CF as well as PTP
PTP are different from CF as can be seen in previous accounts
A better understanding of where the company is in terms of figures will be with 3rd Q update sometime next month
I would suggest they have gone for this level of dividend in relation to predicted CF allowing for the above and CT and as stated by others
Dividend level was way above the level I thought we would get so happy to hold and buy any real dips

[catsick] 20/9/2018 11:20

Before anyone mentions it I am still planning to fund the AAZ midlands dinner later in the year next time I make it to the UK ... budget just increased a bit this week (-:

[return_of_the_apeman] 20/9/2018 10:51

Indeed King and hgm is one of the best low aisc mines out there, but the asic here is lower :-)

[2sporrans] 20/9/2018 10:47

I'm not the one to ask KS

Matt and JB are far more clued up than I, not least wrt IPO docs [which I have of course read and returned to] and indeed anything pre 2009.
Catsick knows a lot too and I guess a few other stalwarts here.

Back in them early days, AAZ were looking to exploit gold first-most, copper being one for later.
Seems they are following suite this time around.
Shekedere stood out as the BIG gold prospect from the Soviet data, if not the most concentrated one.
That's where AAZ's preliminary explo. is focused this year.

Like Catsick says, if it comes up with decent commercially attractive grades, access, water supply etc.....they can repeat their Gedabek model of development/production:
For modest CAPEX outlay, start with heap leaching.
Can easily fund from op. cash flow.

Having said, fwliw, I'd expect the copper prospects to come up trumps.
There's at least 5 deposit prospects, ex Soviet, all 10-15km from one or other of those 3 big mines over the border....
Certainly, AAZ emphasise copper as being the one with high expectations for over the long term in Ordubad.
As the Heliborne survey gear is best for identifying where a lot of metal is by %, that favours finding copper [or copper+gold+silver together] deposits over purely gold [or gold/silver].
So, we shall see how successful the HS is in finding such over the Gedabek licence area. hopefully a nice Xmas gift from investor perspective!!
If it proves itself, the HS will get rolled out to Ordubad.

Meanwhile, may as well get on with panoramic but relatively superficial explo. of Shekedere, with Gold foremost in mind, to identify the best sub-prospects for drilling; proving the Soviet finds will be secondary too doing a comprehensive search I guess.
But wtfdik.

[bleepy] 20/9/2018 10:20

Will ongoing exploration of Ordubad be followed up by a heli geo survey of the whole contact area...leave that one to Stephen Westhead and Aaz.

[return_of_the_apeman] 20/9/2018 10:20

Pretty sure I've seen reference to the corp tax before in previous presentations / results - can't remember which

Think they mentioned they could not offset losses then as different country - but could be totally wrong on this last bit