Anglo Asian Mining Share Discussion Threads

[mattjos] 18/5/2019 11:56

The Helicopter ZTEM survey data has added further to the veracity of Behre Dolbear's comments about Gedabek: ".. At Gedabek, for example, the potential to find both high-grade lenses of massive sulphide and large areas of disseminated mineralization in silica is considered excellent. More importantly, the large area of high-sulphidation mineralization suggests that a large porphyry system could be located nearby."

[mattjos] 18/5/2019 11:53

current share price is still too cheap on the fundamentals.

Shareholders likely to receive best part of 6p / share dividend this calendar year for those on the register by 27th June - just over 6% yield for the calendar year at current buy price.
That should really have the share price in the £1.20 - £1.50 range, offering a further 25-50% capital appreciation on top.
Just too cheap at current levels.

However, that is pretty obvious to the casual observer.

What is probably not so obvious is the 2005 Behre Dolbear report that was issued accompanying the original IPO documents this is what we should really now be focussed on:

"Table 1.1 shows estimates of resources for deposits in the three accessible Contract Areas in the various Soviet-system classifications. These are estimates made in the Soviet period and subsequently by Azeri authorities and are not Behre Dolbear calculations; however, they are numbers that Behre Dolbear can support as being reasonable based on the evidence, and Behre Dolbear considers them to meet the criteria for Inferred Resources. The table indicates over 2.4 million tonnes of copper and 7.2 million ounces of gold are present at the properties.

The Russian-system C and P categories are discussed in Section 3.3.
Behre Dolbear believes the potential of the overall project is significantly greater than is represented by the numbers in Table 1.1. Our estimate, as detailed in Section 5.10, is that an additional 10 million tonnes of copper and 45 million ounces of gold could possibly be discovered on the properties.
At Gedabek, for example, the potential to find both high-grade lenses of massive sulphide and large areas of disseminated mineralization in silica is considered excellent. More importantly, the large area of high-sulphidation mineralization suggests that a large porphyry system could be located nearby. At Shalala, another example, the ultimate potential may be ten times that shown by the estimates; and in the Piyazbashi area there is excellent potential to discover a large, high-grade gold deposit. Recent sampling by Behre Dolbear supports the upside potential estimated for the properties. For example, recent grab samples in the Piyazbashi alteration zone, over two lengths of 200 metres, averaged 12 and 11 g/t Au.
In Behre Dolbear’s opinion, the group of properties covered by Anglo Asian’s Production Sharing Agreement constitutes a potential source of copper and gold of world-class importance.

[laurence llewelyn binliner] 18/5/2019 09:49

FY2018 (Guided at 78,000-84,000 GEO's) with 83,736 achieved.
FY2018 revenues $90.4M ($103.6M Gross pre PSA royalty)

Gold 72,798 Ounces
Silver 210,184 Ounces
Copper 1,645 Tonnes

FY2019 (Guided at 82,000-86,000 GEO's) figures using top end of guidance
FY2019 revenues $93.8M ($107M Gross pre PSA royalty) with $1250 POG
FY2019 revenues $95.7M ($109.65 Gross pre PSA royalty) with $1275 POG
FY2019 revenues $97.54M ($111.8M Gross pre PSA royalty) with $1300 POG

Gold 65,000 - 67,500 Ounces
Silver TBC Ounces
Copper 3,100 - 3,300 Tonnes

Current YTD POG $1298, and it won't take much for us to push over $100M retained pre tax revenues if H2 Gold/Copper pick up and +10% on profits/dividends easily achievable for this year.. :o)

We can expect a full years contribution for the Copper flotation plant in 2019, instead of just the 6 months we had for 2018, so that's a good starter..

#KS interesting exercise, I 'think' I've got a handle on the PSA now too and the logic for using the lower calc method and not using the full unrecovered losses resulting in a higher PSA share, 2025 looks like a more likely year for using up all the allowances.

[jaspoland] 17/5/2019 21:35

What price AAZ if this plays out?

[thejonah] 17/5/2019 21:33

The changes in share price are still in the noise versus the potential. Look back at the IPO documentation and summaries that Matt has provided. This could be £50 a share in 5 years time. I admit this is a little on the optimistic side, but there's gold in them ills...

[jeanesy] 17/5/2019 20:14

price falling today due to fall in POG imo. I will buy more if the opportunity arises :)

[bumpa33] 17/5/2019 19:17

indeed wan, dreadful for lth's, market once again showing no mercy. Have a good weekend

[wanobi] 17/5/2019 17:09

horrible Bumpa unless you are short of cors :-) 339p, very unpleasant for LTH's,,,, hmmm cheers Wan

[mr roper] 17/5/2019 17:08

Monday there will be a slight dip and then off to the races. Would be good to see some weekend press eg a Midas update.

[wanobi] 17/5/2019 17:07

you beat me to it SB, STCM, 2 lots of 250K sells just printed :-) big lump gone :-) cheers Wan :-)

[bumpa33] 17/5/2019 16:49

cmb - yep, not too many ex GS staff speak out.

STAF - christ, the mm who offered me 3 quid this morning wasn't far off...

[mattjos] 17/5/2019 16:39

Gap still there so, more opportunity next week.
Good weekend to all

[wanobi] 17/5/2019 16:38

yep Sb,


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cheers Wan :-)

[sportbilly1976] 17/5/2019 16:28

...and on the 15 minute too...95.5p fills it :)

[wanobi] 17/5/2019 16:28

AAZ on the hourly candles I make that GAP filled now ?

Cheers
Wan :-)


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Wishing you all splendid weekends, I'm off to the pub :-)

Thanx for all your contributions this week, very much appreciated :-)

Cheers
Wan

[sportbilly1976] 17/5/2019 16:24

The current drop to 95.5p mid appears (on a 15 min chart) to have closed the gap from the intraday high on Wednesday?

[mad foetus] 17/5/2019 16:23

I am disappointed by the SP, we are back to where we were on Wednesday. But as yasX said, we are going to be driven by exploration news from now and I expect it to come thick and fast. Results show we are firing on all cylinders, just take the divi until the market wakes up. But £1.20 this week was what I wanted!

[callmebwana] 17/5/2019 16:13

A very interesting video Bumpa. First subprime mortgages now complex derivatives !!

[sportbilly1976] 17/5/2019 15:59

Gold getting another kicking...$25 down in two days!

[wanobi] 17/5/2019 15:16

AAZ - interview with Bill today GLA, cheers Wan

bit short that one!

[brasso3] 17/5/2019 15:14

3.14p per share which at 97.5p is a 3.2% yield.

[sh0wmethemoney] 17/5/2019 15:11

Gbp/Usd on the slide down again which help when the dividend gets converted

[2sporrans] 17/5/2019 14:58

Thanks HBR

Noted Bill directing investors attention to the ongoing exploration programme.

while listening to him, thought i may as well buy back the 3k sold for 104p, going for 97.87p [A post RNS discounted risk 97.87p no less]. Prob could get cheaper when the gap fills conclusively but might miss out trying a limit trade as quotes so much wider than the actual price range.
+ got better things to do than continually monitor for a marginally lower price.

If there's a sell off, that's ok; buy more, go overweight again.

[bumpa33] 17/5/2019 14:40

love this, from the guy who opened up on the vampire squid...