Anglo Asian Mining Share Discussion Threads

[mad foetus] 01/6/2019 10:43

Key point is that AAZ is a £100m company and most sensible investors will look to filter out companies rather than filter in, so forecasting declining earnings will stop research at an early point. The upside is that at some point AAZ will get sensible, engaged coverage but until then we will be reliant upon the odd person getting informed and coming onboard. For 6-9 months POG has been fairly lacklustre as well: if it can break 1350 everyone will look at gold stocks. And before then, exploration updates: little and often please!

[celeritas] 01/6/2019 10:28

But it's not a just a bb poster. SPA are supposed to represent the company. People with little time or less understanding of Aaz will have taken SPA piece as correct.

[jaspoland] 01/6/2019 09:44

If people sell based on others information without checking the facts they can't blame anyone but themselves.

[celeritas] 01/6/2019 09:26

SP Angels error will have cost some investors. share price have to be accountable to anyone who sold based on their guidance. I bet quite a few sold out.

[fardels bear] 01/6/2019 09:17

Advice? I'd consider rephrasing that.

[laurence llewelyn binliner] 01/6/2019 09:11

Spot POG $1305, and we should see a continuation of the trend here, it would be great to see the $1365 number breached after trading mostly sideways for 5 years now at $1200 +/-100..

Won't be too long before we finally break through and close over 100p IMO .. :o)

[wanobi] 01/6/2019 09:00

many thanx tj, very glad I heeded your advice back then (thanx again), so far so good, all is going well and I hope the same for you....

At this stage in my development I am very, very conscious that I need to keep my feet firmly on the ground and not get carried away with it all,,, I am sure there are challenges ahead, not least of which will be turning the paper gains into real cash in the bank :-),,,, as Bumpa correctly pointed out a while back, so far nearly all my sells have been at a loss as I run the gainers and cut out the losers (although some have turned out NOT to have been losers :-) LOL

& one of my favourite sayings now; oh what a game this is,,,,,, we are more than often damned when we do and damned when we don't :-),,,, but, I've learned so much in the past 10 months & will be up and walking soon as my 1st investors birthday comes around....:-)

This is not a game of being right or wrong, this is a game of hundreds of right & wrong decisions which are of no importance at all provided they all add up to an increase in wealth.....:-)

All the rules I put in my header have generally turned out to be true and great guiding principles,,,,, I feel the most important ones so far, especially for any newbies looking in are;

12 - A loss will never trouble me after I take it. I will forget it overnight. But being wrong – not taking the loss will damage my soul.

13 - Always sell what shows you a loss and keep what shows you a profit.

so, so important not to get hung up on the mistakes we make, dwell on them or over analyse them,,, far better to just accept them, sell up and move on :-)

that said, I am holding some in the red, but I have my reasons and they may turn out to right reasons or wrong reasons yet,,,, but, overall if they are wrong they will not upset the balance of wealth gain too much so I'm waiting to see :-)

There's so much to ponder about this game :-)

I wish you the very best in life tj
Cheers
Wan :-)

[bozzy_s] 01/6/2019 04:06

Well done everyone who noticed share price Angel's error, and those who chased them up. Great to see the share price react strongly. Hoping gold continues its rally next week.

[mattjos] 01/6/2019 01:06

Oct 17 2005 was last time we closed higher than this weeks closing price of 96p so, a 13 year & 7 month closing high on the weekly chart & also a higher weekly close than the recent Nov 18 closing high of 95.2p

& still some are selling their shares. It seems no matter the advice freely given here, some folk are determined to play this all wrong.

[thejonah] 31/5/2019 22:42

Hello there Wanobi, I don't check in on your thread very often, but I was pondering back to 8 or so months ago, when you hadn't invested, and I think I posted FFS just buy, and in the end you did get in for roughly 40p. Hope you're enjoying the ride, and other investments are prosperous! TJ

[thejonah] 31/5/2019 22:39

Fat thumbs myself, obviously meant my play on your name "Fat Eddy"...

[thejonah] 31/5/2019 22:37

Far Eddy, are you selling or holding? You seemed in 2 minds a few weeks ago...

[oakey1] 31/5/2019 19:32

Hey Bumpa ALGW spiked the other day...I top sliced and now I'm in for free ride....I think I would lose about 50 quid if they go bust now as I sold some at just under double what paid...got 45k shares left in there waiting for the next pump...thanks for knowledge on gobind:)

[bumpa33] 31/5/2019 19:28

Have a good weekend folks, SPX still struggling, I thought it might have a last gasp attempt to regain 2775/2800, it still might - if not, next week could get fun.

[podgyted] 31/5/2019 19:10

Gold at $1,310 in the States.

Apart from gold shares looking a bit bleak out there.

[mattjos] 31/5/2019 17:36

another of these Off-Market OTC trades printed for 16,282 at 96p.

Oh well, great end of the week for AAZ and new bull run for Gold just now getting started. Let's hope it stays strong for rest of the year and gets well into the 1400's for our two strongest Q3 & Q4 periods.

I suspect, not much longer to wait before next news:

Ordubad samples are one thing we know is coming & which the company are also looking forward to + the FAMOS report.
We can also be sure that Stephen's crew will have been poring over that heli-survey data as it came in and will have had some drill rigs turning PDQ.

A few more pieces of the jigsaw should soon be slotted into place. Can you tell what it is yet?

[laurence llewelyn binliner] 31/5/2019 17:27

#KS, I see what you are driving at now, a little deceptive on the real AISC off setting the Silver/Copper credits first with that method to get the number.., but I'm happy that the Silver/Copper elements are adding so much as they are in effect a by product of Gold extraction.. :o)

We are still on for another bumper year in 2019 with H1 closing in just 4 weeks, and dividends due soon after..

[callmebwana] 31/5/2019 17:19

Well Wan, RBW has gone up to 6.6P from 3 P odd. Punters are piling in because of the statements made by the Chines not to supply REE,s.Just goes to show what can happen in the AIM Market !!
With AAZ we have everything going for us and some are still selling !! Mad world !!
Have a good weekend all.

[2sporrans] 31/5/2019 17:10

Great, thanks for explanation KS

So, for the simpler like me, once we know a Gold Equivalent production forecast/target, for a year or 1/2 year, seek out the concurrent Total cost of production [though might be months in the coming], divide it by the GE oz and there's the true AISC.

Yes, wish this would be adopted from now on + a few years retro figures provided.

As LLB reminded, BM did say the cost curve was pretty much bottomed out now, so
$675/oz GE AISC can be committed to memory for onward guidance; not anticipating much divergence.

At least the % of GE oz that are gold or copper-silver should be pretty stable from 2019 on through 2020+21 at least, as the plant is pretty much going to remain as is and the plant will determine the [feed] production, rather than t'other way around.

So, the metal prices become the key variable going forward i guess.

Edit, as just read your 2nd post KS:
From 2018 FY report - AISC sub-section comment:
"The Group produced gold at an all-in sustaining cost ("AISC") per ounce of $541 in 2018 compared to $604 in 2017. The Group reports its cash cost as an AISC calculated in accordance with the World Gold Council's guidance which is a standardised metric in the industry. The reason for the decrease in 2018 compared to 2017 was the higher level of production. Although total costs increased, many of the Company's costs are fixed or semi-fixed and did not increase in direct proportion to the revenue."

But those economies of scale benefits are unlikely to be repeated going forward.

[king suarez] 31/5/2019 16:55

If you compare 2017 to 2018, the total cost of production are almost identical, yet an additional 12,000 odd GEO ounces were produced suggesting something like a 17% drop in the cost of production?

This is a greater % drop than in the reported AISC from 604 to 541 (approx 10%) so, whilst a useful proxy, it isn't telling the full picture.

If you do the math I think the total AISC for GEO production dropped from close to $800 to $675.

[wanobi] 31/5/2019 16:46

ORM lovely Cup & Handle forming :-) LOL cheers Wan


free stock charts from uk.advfn.com

[wanobi] 31/5/2019 16:43

Wan's Holdings, End of week assessment;
TSG very happy with markets response today :-)
AAZ very happy with share price action this week :-)
GOLD very happy with price movement this week :-)
STCM going very well :-)
ORM will have its day later in the year :-)
TXP should rise into the drill throughout June :-) (maybe, hope so :-)
AVCT will take off big time with the slightest of positive news :-)
TRUMP - well he certainly knows how to shake things up :-)
OIL is a downer :-) oh well, can't win them all right now :-)
Black Swans = none :-) let's hope it stays that way :-)

all in all, thanx to you guys and those on Mj's amazing AAZ thread, things don't look to bad right now,,,,, although that could easily change :-)

certainly ahead of what the banks would have given me in interest and beating inflation,,,,, which was all I set out to do initially :-)

fingers crossed for the future, good luck to you all and many, many thanx for all the guidance, support and knowledge you've all provided me with :-)

Cheers All
Wan :-)

[king suarez] 31/5/2019 16:43

Here's how I think it works:

2018 AISC per gold oz @ $541 x 72,798 oz = $39.4m
2018 Total cost of production however = $56.5m

Therefore $17.1m of revenue from copper/silver credits applied to the total cost of production to generate the $541 AISC per gold oz figure. Total cost of production, minus copper/silver revenue, divided by gold ounces produced = $541.

Total GEO oz = 83,736 so total AISC per GEO oz (all metal produced) was $676 - this is the figure I would like to see quoted going forward - for transparency and ease of comparison - as copper production increases.

A $60 drop in AISC per gold ounce based on 2018 production = the equivalent $4.4m of additional copper/silver revenue, which is about half what should be generated from the increase in forecast copper production. But offsetting that is the forecast drop in gold production, so it is becoming difficult to see whether costs are on an upward or downward trajectory overall without comparing the annual total cost of production v total GEO oz produced.

[celeritas] 31/5/2019 16:33

A few late buyers.