Anglo Asian Mining Share Discussion Threads

[bleepy] 07/5/2020 11:18

Construction of a second tailings dam would allow tailings from first dam to be processed, estimated worth $30ml in recovered metals.
First dam would become standby enabling second dam tailings to be processed.

Im sure this has been a part of their short term and long term planning with mention of a site already earmarked for second dam.

There’s decades digging of gold, silver and copper on AAZ’s prospects across their 3 acreages of Gedabek, Gosha and Ordubad. All the reports, links and info kindly provided in the header.

[jbravo2] 07/5/2020 10:58

Yes, the “up” pipe was installed ages ago for the water plant. The water plant treats water from the tailings not the plant directly ( to allow the solids to settle out of course)
When the tailings are treated another “up” pipe will be installed to allow the pumping of the solids (in slurry form) back up to the plant.
The pipes just sit in a lined trench. It’ll be a doddle to do
Currently three pipes in the trench. Two down, one up.

[mattjos] 07/5/2020 10:46

There are always some companies that flourish in such situations, always.
We are going to witness the 'creative destruction' of the capitalism & the markets and those big & small corporates with debt and exposed to the effects of the virus are going to have significant problems.
Other, more nimble, debt-free corporates should flourish & be able to capitalise on the opportunities that will inevitably emerge from all this.

[brasso3] 07/5/2020 10:44

They think inflation will only hit 2% in 2023. These people are clueless!

[gutterhead] 07/5/2020 10:36

Its bleak but I think it could be a lot worse-i think its going to be very tough and have cashed up some of My long term div holdings as cash will be the way to take advantage when the market properly corrects.
I am however holding onto a small number of holdings, AAZ being one of them

[wanobi] 07/5/2020 10:22

many thanx guys and thanx for the heads up Rb, Bumpa,,, I sold EVG for a gain,, will take another look though :-) GLA Cheers Wan :-)

[bumpa33] 07/5/2020 10:06

keep an eye on EVG, bought back at 11/11.1 with difficulty despite the drop. Something is going on there, the house FCAP have been bidding in size consistently all week, the abrupt - though apparently amicable - departure of long serving CEO, unusual.

if it slips further I’m in for more.

[riggerbeautz] 07/5/2020 10:02

Short CCL aiming for 860 at least.

[riggerbeautz] 07/5/2020 09:54

The backdrop for global oil demand was bad way before Covid, my sole reason for steering clear of oil plays. I’d tried looking at undervalued ones with more than one operation but the market wasn’t interested this year; Covid just broke the camels back.

AA. Looking good, if it gets past 30p I’ll be well happy.

[mattjos] 07/5/2020 09:54

That is a pretty bleak statement from the BoE this morning:



Dividends as generous as AAZ's are not to be sniffed at

[bleepy] 07/5/2020 09:53

Anglo Asian’s directors and senior management team have issued various technical papers about its processing operations and water management at its operation in Azerbaijan. These papers are listed below

Farhang Hedjazi, A. John Monhemius
“Copper–gold ore processing with ion exchange and SART technology”
Minerals Engineering 64, 2014, 120–125. DOI: 10.1016/j.mineng.2014.05.025.Download PDF (447.29 KB)

A.J. Monhemius, F. Hedjazi and H. Saeedi Ali
“Flotation and leaching at Anglo Asian Mining’s Gedabek gold and copper mine in Azerbaijan.”
Proceedings, COM2017 | The Conference of Metallurgists, hosting World Gold & Nickel Cobalt, ISBN: 978-1-926872-36-0. August 27-30, 2017, Vancouver, Canadian Institute of Mining, Metallurgy and Petroleum. Paper
No. 9707.Download PDF (680.25 KB)

Farhang Hedjazi, A. John Monhemius
“Industrial Application of Ammonia Assisted Cyanide Leaching for Copper-Gold Ores.”
Minerals Engineering 126, 2018, 123–129.DOI:10.1016/j.mineng.2018.07.005.Download PDF (420.52 KB)

R. Aliyev, F. Hedjazi, S.J. Westhead and A.J. Monhemius
“The use of geometallurgy in the processing of a complex copper-gold ore deposit”
Proceedings of the 15th SGA Biennial Meeting, 27-30 August 2019, Glasgow, Scotland, ISBN 978-85261-965, Volume 4, 1490-1493.Download PDF (597.69 KB)

Farhang Hedjazi, A. John Monhemius
“The Industrial Application of Ultrafiltration and Reverse Osmosis for the Recovery of Copper, Silver and Cyanide from Gold Leach Liquors.”
In B. Davis et al. (Eds.), Extraction 2018, The Minerals, Metals & Materials Series, 2018. DOI: 10.1007/978-3-319-95022-8_156.Download PDF (216.55 KB)

[bleepy] 07/5/2020 09:49

TERROPOL7 May '20 - 09:16 - 34767 of 34768
0 3 0
Good morning all, re Tailing...
If I remember correct the company was going to install a return line for the water with a big pump in order to reuse the water...

Thanks Terropol, you maybe referring to...

The Industrial Application
of Ultrafiltration and Reverse Osmosis for the Recovery of Copper, Silver
and Cyanide from Gold Leach Liquors

Since the start of mining operations at Gedabek in 2009, ore processing has been operated on a zero discharge basis, with all process solutions being stored on the mine property and mainly in the tailings dam. The climatic conditions at Gedabek are such that in normal years there is a positive water balance, with typically about 300,000 m3 of water added to the inventory each year. Eventually, storage of this excess water would become unsustainable and so it was decided to install a water treatment system that could treat the process solutions to recover dissolved metals and cyanide and produce water clean enough to replace current fresh water inputs to the process, and also for direct discharge to the environment, when necessary.

[linz22] 07/5/2020 09:39

True,Fozzie, some things are completely out of any company's control. But, in this case, what's definitely NOT going to happen in the forseeable future is the gold price dropping...

[mattjos] 07/5/2020 09:24

Yes, as i remember, that water return is there now Terropol.

The re-processing of Tailings is now quite a well-established industry with modern re-processing techniques.
Looks like a perfect project for AAZ to involve some Phd students with locally + John Monhemius

[fozzie] 07/5/2020 09:20

Just highlights what can happen though Matt through no fault of your own. Ptal is imo a well run company. Cash and no debt, and the so price was moving nicely ahead at 32p, then the US, Saudies and Russians dragged the oil price back 40% one Sunday evening and the Covid hit as well. This latest setback, again unforeseen sees the Peruvian govt shut the pipeline leaving Ptal with nowhere to go, all rather unfortunate and outside of managements control. It could happen here, Azeri govt shuts all mines, gold price drops etc etc

[terropol] 07/5/2020 09:16

Good morning all, re Tailing...
If I remember correct the company was going to install a return line for the water with a big pump in order to reuse the water...
Not sure if it got done but my guess is yes. They were talking about it when I was there 2.5 years back.
On another note re government, Not only the country is getting The gold but the company employs 1000 people and all the spin off that creates, The town of Gedebey is grown a lot since the company started and is all due to the mining operations.
AAZ is good for Azerbaijan and I am confident it will continue.

Now looking forward to the dividends and news for the next plan of attack.

[mattjos] 07/5/2020 09:11

after seeing that PTAL RNS this morning, it reinforces once again just how well set up AAZ is.
Production uninterrupted, cash in the bank, Revenues incoming.

There will be plenty more corporate casualties to come as a consequence of this virus. AAZ management a standout team

[brasso3] 07/5/2020 08:41

We are not at the peak of the oil storage problems. The rise in oil prices recently will just not help to cut production based on OPEC agreements.

As Rick Rule states, "the cure for low prices is low prices".

[mr roper] 07/5/2020 08:38

Sure, but they are a cash machine, with superb mgmt who have skin in the game and have been round the block. 3-5 year view I see them at multiples of the current share price

[jeanesy] 07/5/2020 08:36

That one has risen quite alot mr Roper from recent lows. I held those and sold for a small profit a while back.

[mr roper] 07/5/2020 08:32

For oil, I wouldn’t look further than Jse. I don’t hold any Oiler’s just now but when I do that’ll be first pick

[mad foetus] 07/5/2020 08:26

Would be surprised to see AVCT end well down today, a lot of early morning buyers being locked in by the look of it

[jeanesy] 07/5/2020 08:24

I too have taken a hit on PTAL . I should stick to gold stocks ! Should have put in a stop loss of 25% . Instead i lost about 75% .. ouch !

[brasso3] 07/5/2020 08:23

I think it was the only call Wan. Too much uncertainty for oilers over the next 6 - 12 months.

[wanobi] 07/5/2020 08:19

PTAL - I'm out guys, taken the hit, maybe a good or bad decision, who knows,,, if in doubt get out principle,,, GLA Holders, Cheers Wan :-)