Anglo Asian Mining Share Discussion Threads

[ilostthelot] 27/5/2019 09:07

hxxp://sprott.com/insights/miners-ride-a-new-wave-of-consolidation/?utm_source=bloomberg&utm_medium=advertising&utm_campaign=cef&;utm_content=0513enews

[muddy_40] 27/5/2019 08:51

AAZ gets a mention.

Gold production increases in Azerbaijan

Baku, Azerbaijan, May 27

By Kheyraddin Nasirzade – Trend:

During the first four months of 2019, Azerbaijan produced 1,075 kilograms of gold, which is 14 percent more than in the first third last year, Trend reports referring to data from the State Statistical Committee of Azerbaijan.

Silver production in Azerbaijan increased by 15.4 percent during the reporting period, compared to the same period last year. According to statistics, the total volume of mined silver and concentrates amounted to 1,007 kilograms in January-April 2019. Meanwhile, about 1,480 kilograms of gold were mined over the same period last year.

Copper mining also increased by 27.8 percent, with 654.7 tons of copper ore and concentrates produced during the first 4 months of the current year.

As of May 1, 2019, finished copper ore stocks amounted to 462.8 kilograms, while those of gold ore amounted to 256.5 kilograms, and those of silver ore amounted to 299.9 kilograms.

There are two companies operating in the sphere of mining of precious metals in Azerbaijan, namely the Anglo Asian Mining and the state-owned AzerGold company.

[wanobi] 27/5/2019 08:35

oakey, the people have spoken/protested via these EU elections, not just here, but all around the EU,,,, to me, most Europeans (including us:-) seem happy with free trade & that's it.... keep their own boarders & laws etc.... I'm no politician, just saying what I see right now :-) cheers Wan

[wanobi] 27/5/2019 08:16

good morning all, good morning cmb…:-) AMC

Thanx again for the heads up on this latest information; I have looked into this and see his posts;

PROJECT «KUN-MANYE MINING AND PROCESSING»
FULL NAME: Kun-Manye mining and processing plant

* INVESTMENT REQUIRED - 0 rub.
* INVESTMENTS SUM - 66bn rub.
PROJECT STATE
Survey and assessment activities completed, the feasibility study of temporary conditions approved, mineral reserves booked, technological studies of ores and concentrates conducted, pre-feasibility study, in-house Opex, Capex, Cash Flows, TSF FEED, Open pit preliminary design prepared.

These numbers been changing, last year it was 66bn required investment for project, end of december last year or around they’ve changed to 33bn required, I posted that a few months ago but due to constant spam on boards my posts were pushed away...
January this year we had official Russian Government announcement welcoming Chinese investment to develop Kun Magnier project, I posted that info too
And now the required investment changed to 0 and total investments showing 66bn....someone invested 66bn into Kun Magnier which is 100% owned by Amur Minerals.

Presumably there must be an RNS coming from AMC to confirm this?

If true & I don't have a link or email to the official information from which the above has said to have been taken,,, then that will surely break the share price upwards and out of that massive LT pennant in a very fast & strong way... fingers crossed for you and all LTH's of AMC,,,, looking at that chart, you guys deserve a massive break :-)

Cheers
Wan :-)

[mattjos] 27/5/2019 00:50

"The definitive list of mid-tier gold miners to analyze comes from the GDXJ VanEck Vectors Junior Gold Miners ETF. Despite its misleading name, GDXJ is largely dominated by mid-tier gold miners and not juniors. GDXJ is the world’s second-largest gold-stock ETF, with $3.6b of net assets this week. That is only behind its big-brother GDX VanEck Vectors Gold Miners ETF that includes the major gold miners.

Major gold miners are those that produce over 1m ounces of gold annually. The mid-tier gold miners are smaller, producing between 300k to 1m ounces each year. Below 300k is the junior realm. Translated into quarterly terms, majors mine 250k+ ounces, mid-tiers 75k to 250k, and juniors less than 75k. "



Compare to AAZ metrics.

[callmebwana] 27/5/2019 00:40

Guys, check out the AMC BB on ADVFN. According to QQR, (He is a Russian chap) Someone has invested to develop the resource that is fully owned by AMC.
Enjoy the holiday.

[wanobi] 26/5/2019 21:08

indeed Bumpa, we just don't know if the QE is a good drug or a bad one right now ? cheers Wan :-)

[bumpa33] 26/5/2019 20:39

...hence my analogy of the market as a "crack addict" Wan,

"intervention" is the markets drug of choice.

[wanobi] 26/5/2019 19:51

thanx Bumpa; very. very sobering indeed :-)



Bottomline: The macro data is stating clearly the slowdown did not end in Q1. It has extended into Q2. GDP looks to have a 1% handle. Without a China deal uncertainty will remain, given the negativity surrounding such a deal a positive resolution would trigger a massive rally, without such a deal equity prices may have to contend with further downside if certain levels break to the downside. But China deal or not and with apologies to Tina Turner: The larger macro wheels are turning, markets keep on burning, and before you know it they’re rolling, rolling toward the next round of intervention.

cheers Wan

[bumpa33] 26/5/2019 19:24

gold chart likely warning us of impending further "intervention"...

hxxps://northmantrader.com/2019/05/26/intervention/

[callmebwana] 26/5/2019 15:42

Wan,think very carefully before you decide to invest in. This is a massive world class resource, though I have not been overly impressed with the BoD.
The EV batteries need Nickel Sulfate, each battery needs between 20/52% of pure Nickel Sulfate. Nickel Laterite is no good as it would cost a lot to remove the impurities from Laterite. I also think buyers will pay a premium for pure Nickel made from Nickel Sulphide.
NAI and anyone thinking about putting investment in must please DYOR. It will take about 4/5 years before mine production.
Enjoy the holiday.
ATB.

[wanobi] 26/5/2019 15:17

AMC charts;


free stock charts from uk.advfn.com



free stock charts from uk.advfn.com


somethings brewing chartwise :-)

Cheers
Wan :-)

[brasso3] 26/5/2019 15:08

I think the Americans will keep the balls in the air until some time in Trump's second term. The longer they put it off the worst it will be.

[oakey1] 26/5/2019 15:08

My two pence worth on brexit...just leave...deals would be done quick time if we left with no deal...ATM both sides are playing brinkmanship....a no deal would force both sides to agree something quickly...just my opinion

[laurence llewelyn binliner] 26/5/2019 15:05

What a poison chalice that was for TM to try and deal with, and she never believed in leaving to start with, we've gone from negotiating face to face, to down on 1 knee, then removing 'no deal' off the table and now we're down on both knees and lost a PM, what a mess, our GBP isn't going to put on much strength any time soon is it..

With paper/physical at 200:1 Gold is getting dragged along with it. FIAT has been diluted by the massive amount of global QE done, and interest rates are not going to pick up near term with growth where it is having been built on QE toilet paper..

I can't see a case for Gold heading lower, but we are already USD+35/Oz up on FY 2018 POG with some headroom if it does soften..

Fact is we are getting closer to the next crash, and USD2000/Oz will just be for starters when the next one lands..!

Our chart looks poised for the next leg up and over 100p about now, onward and upwards.. :o)

[wanobi] 26/5/2019 14:51

AMC - recent presentation (posted link so I can find it again :-)



cheers
Wan

[mad foetus] 26/5/2019 14:17

Don't want to get this thread onto politics, but I note that Steve Baker wants sterling put on the gold standard and Raab is a full on Austrian, economically at least. I've been surprised at how Bitcoin has doubled in the past few months while gold has been static. But you can go mad thinking about the gold price. What we can say is that with very low AISC AAZ can weather lower old prices when others cannot.

[brasso3] 26/5/2019 14:14

Matt

Here is another opinion on the gold chart:-

[wanobi] 26/5/2019 13:39

thanx cmb, I shall take a good look later on this evening, cheers Wan :-)

[callmebwana] 26/5/2019 13:27

Wan, I have sent you a private message, have a look when you have time.

[lefrene] 26/5/2019 12:58

MF, hence gold is a bit of a haven, not only because of UK politics, but the quantative easing experiment could go horribly wrong at any time. It's rescued the miscreants but at huge cost to the working populations. Creating a ripe situation for political upheaval, which would likely be good for gold too.

In the meantime AAZ is still absurdly cheap by just about any measure, a few weeks to an update, and perhaps more news on those discoveries.

[mattjos] 26/5/2019 12:54

$ gold chart looks bullish to me Brasso … it's dithering about, seemingly primed to move upwards, subject to the right catalyst - of which I have now lost track of how many possibilities exist in the world.

£ gold chart has clearly now broken out (upwards) from an 8-year downtrend & as already gone up 50% in value over the last 3½ years:

[wanobi] 26/5/2019 12:52

thanx guys, I'm now wondering if the POG chart is actually warning us of impending melt down in the current capitalist/monetary system,,, it seems to be getting tighter and tighter into that pennant which could break up/down sometime soon,,,, UP = meltdown DOWN = US/china trade deal sorted & can kicked down the road for a bit longer :-) rather simplistic I know :-) cheers Wan


free stock charts from uk.advfn.com

[mad foetus] 26/5/2019 12:37

I don't like when rolled talk politics on company specific threads, but my view is that whoever becomes PM, there is 't a majority in Parliament for either no deal, deal or remain. Brexit has been a tale of people saying what they don't want but not being able to agree what they do want. So I see 2 options: either something happens which is unexpected/by accident; or it goes back to the people in some form, either a GE or referendum. But I can't see the uncertainty being resolved for some time. If there is a GE it could drag on for years as it is unlikely that will result in anything decisive (unless Farage wins, at which point sterling would probably be worth nothing, though him and his mates will take a huge short in sterling so be happy with that).

[lefrene] 26/5/2019 12:28

I feel that all the Brexit damage is already in the value of the £, but if I'm wrong then divi's in the $ are fine by me. It would be quite interesting if we got a hardline 'Brexit' PM who declared that May acted beyond her powers, and that we have already left as of last Match! That would be interesting. Not going to happen off course, not one of them has the courage, despite that it would be the saving of the Tories from the cheekie chappie.