Anglo Asian Mining Share Discussion Threads

[mattjos] 21/12/2018 11:19

This is the beauty of the dividend for me … it is already & will be in future a terrific reward for those who can simply remain patient.

At some point the world is very clearly going to fall back into another (bigger) financial crisis and this time, there will be no delay by folk as they understand it will be worse than the last one and there is a sudden 'murmuration' amongst investors as they seek out the relative safety of gold.

[mattjos] 21/12/2018 11:13

Even if we have bad weather spell, there is plenty of stockpiled ore from Gedabek open pit, Ugur & Gadir. Stephen & Bill were quite adamant that the operation is being run to maintain production at steady state, come what may, through the winter and through 2019.

Steady predictable production rates result in steady predictable cashflow & makes Bill's job much easier to have the cash on hand for allocation to exploration activities, operational improvement initiatives, dividend payments etc.

We are already in very strong position and the cash keeps piling up.

Reza has not one to sit around .. there will be a lot going on in the background to ensure the growth profile continues in an upward trajectory.
FY 2019 will very clearly build on 2018 & I expect the pipeline of growth will see 2020 build further on 2019.

Itching to receive the news about those outcrops just past Ugur … they look to be exactly same type of mineralisation as Ugur + as we remove more ore from Ugur, we will be able to drill down deeper than we have achieved to date and get first glimpse at what lies at depth and how Ugur relates to Gedabek pit and Gadir.

At some point, we are going to hear to what extent all these pockets of reserves are linked to a common source … at what depth is the contiguity apparent and what type of ore is present there.

Give me patience .. I want it now !! :-) .. 2019 potentially the most exciting year in history of the company, imo

[wanobi] 21/12/2018 11:07

TXP - courtesy of che7win on the TXP thread (hope he's ok with me reposting his work here, but I needed the reminder he has given!!!) many thanx che7win....

The reality is that Paul Baay has no intention of any fund raising.
We have $10 million of cash on hand and deliberately keep some debt. TXP could pay off debt if they chose to stop drilling for a few months.

With the TXP cost structure, they can make positive cashflow down to mid $30 oil.
I reckon they will slow down/stall drilling moving forwards.

[mad foetus] 21/12/2018 10:44

Minor point but weather has been mild so far in Azerbaijan. Makes life simpler I would have thought

[mattjos] 21/12/2018 10:42

yes, very true mf.

The batch at 95p was previously there at 92p but, as buying approached it, that batch was simply re-priced to 95p. Didn't want to sell at 92 but, happy to indicate the stock supposedly there at 95p … arguably in an effort to supress buying.

All the usual tricks being employed but, whatever they try, they cant change the fact that this should be trading nearer £1.50 than 90p

[cinoib] 21/12/2018 10:42

Not a sell on the board and still reluctant to push the bid up.

[mad foetus] 21/12/2018 10:39

If indeed it is actually there at all

[sportbilly1976] 21/12/2018 10:33

+1 for the new watchlist entrant

fallen a fair bit in the past 14-16 months...need to read back through the rns' to see why

I suspect cash (or lack of) may have a bit to do with it. Still very few shares in issue (26mln, mkt cap just £6mln)

[mattjos] 21/12/2018 10:31

been here before at 10p, 20p, 40p, 80p

There has to be a supply from somewhere else we'd simply have gone straight to fair value of £1.50+ on news of the dividend.

Sound like a lot of stock but, will get cleared out in a day or two of buying come January production update. You just have to take the loose that's on offer now as it wont be there in couple of weeks time

[wanobi] 21/12/2018 10:23

here's a chart for you bwana,


free stock charts from uk.advfn.com


free stock charts from uk.advfn.com

TA'wise, watching for support to build around this level leading to downward trend break out :-) big volume recently :-)

Added to my watchlist also :-)

Cheers
Wan

[wanobi] 21/12/2018 10:17

89 - 91 is real spread at AAZ right now, can buy or sell 25K max, cheers Wan

[callmebwana] 21/12/2018 10:16

Good morning all.
Today I have added HAYD to my watch list. They have just raised £1 Mil. working capitol. £750K as a loan and £250K with equity @20P a share. They are selling their Graphene ink in Korea and Thailand.The bank must have done a good DD to loan the money @ 11% interest. A Finance Director change as well. It usually means the last one did not do the job properly.

AAZ no RNS re JORC, so perhaps they should leave it until the 2nd of January, it would we wasted RNS if it came now. I think upward share price pressure will start building in the New Year for AAZ share price to push towards £1.
ATB.

[wanobi] 21/12/2018 10:00

morning all, just got up :-) lol, lazy Wanobi :-)

I see people are averaging down at TXP, its very tempting, but I shall resist :-)

Lots of buying at AAZ, but plenty of stock around I read :-)

And good old ORM just sits there whilst it gets nearer and nearer to production :-)

GLA, cheers Wan

[sportbilly1976] 21/12/2018 09:45

wow...wasn't expecting there to be that much!

[ntv] 21/12/2018 09:40

as per jbe81

[jbe81] 21/12/2018 09:38

200k were available at 92.8p and another 200k+ at slightly higher, so plenty available

[sportbilly1976] 21/12/2018 09:38

hopefully once the stock is cleared at 90/91p we might get a nice move up on the back of stock shortage from other MM's

[sportbilly1976] 21/12/2018 09:37

auction was at 9am

3000 UT taken then...other trades showing buys since then.

NTV - were you able to see how many were on offer in the auction?

[goldrush] 21/12/2018 09:34

NTV

My L2 is showing that 19,814 went through at 90.85 at 9:24:24

[ntv] 21/12/2018 09:30

no they didn't goldrush
only 3k @90

[sportbilly1976] 21/12/2018 09:28

17k just through NEX...pressure building :)

[goldrush] 21/12/2018 09:27

Someone took nearly 19,800 of them

[ntv] 21/12/2018 09:23

plenty available in auction

[sportbilly1976] 21/12/2018 09:08

jbe81,

is there just one left? they have some stock if so - can get 25k online still

[mattjos] 21/12/2018 08:51

Suspect we are looking at minimum $1,250 for gold in 2019 .. quite likely much higher. Record annual production at average $1,300+ gold. Going to be a bumper year for the company