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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Anglo Asian Mining Plc | LSE:AAZ | London | Ordinary Share | GB00B0C18177 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-1.40 | -1.59% | 86.60 | 82.00 | 87.00 | 87.10 | 84.50 | 87.00 | 112,742 | 16:35:03 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Miscellaneous Metal Ores,nec | 45.86M | -24.24M | -0.2122 | -3.98 | 100.53M |
Date | Subject | Author | Discuss |
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17/5/2020 19:43 | Cmb - yep morons, we shouldn’t forget that should we? Never seen catsick comment here since ‘that post’. Funny that. | ![]() bumpa33 | |
17/5/2020 19:13 | Quod erat demonstrandum | ![]() the stigologist | |
17/5/2020 19:12 | If you do not have Stigologist on filter then maybe you are the idiot? | ![]() brasso3 | |
17/5/2020 19:05 | @stigologist just shut up mate you are an idiot | ![]() oakey1 | |
17/5/2020 18:42 | My apoligies ,looking back it was another new poster who mentioned HUM,ps built AAZ up to a core conviction holding in my portfolio over the last couple of months, in profit and feeling comfortable with it. | ![]() e43 | |
17/5/2020 18:30 | Thanks, but I've not suggested any other stocks. The article refers to HUM but I've no idea about it. | ![]() waterloo01 | |
17/5/2020 18:30 | Here's my attempt to summarise the chronology of forthcoming renewal/extension dates, both for the PSA and for mine life: Firstly: The PSA applies to each Contract Area seperately, hence Gedabek CA, Gosha and Ordubad will have their own, staggered dates for renewal/extension. As for mine life, it's really an issue of mine lives - as so well explained by JBravo. So, here's an attempt at a tiered structure of the above, focusing on the most imminent dates for renewal/extension: 1. PSA for Gedabek CA. Covers exploration and mining rights for 15 years. The expiry date is 26Feb22. Potential 10 year extension. 2. The mines: Contractual lives: Current lives, with potential 5 year extensions [*2 ultimately, so 10 yr max]: Main Pit From the June 2007 interims: "The Company submitted a 'Notice of Discovery and its Commerciality' for the Gedabek property to the Azerbaijan Ministry of Ecology and Natural Resources at the end of February 2007. This notice initiated the fifteen year Development and Production Period, with the potential for two five year extensions. Subsequent approvals of the Work Plan and Production and Development Programme enable the Company to proceed to construction." The main pit development and production period will therefore expire at the end of February 2022. Gadir until 2027 [at least!] For both the above, see JB's comments about whether the sequence of developments may quality for kicking off a fresh 15 year intial life. + could debate whether the main pit underground, currently being explored in detail, is actually and extension to the Gadir mine. Afer all, the access is from Gadir and the Low Sulphidisation morphology arguably contiguous with it, rather than the HS stratum the bulk of the open pit is comprised of. Ugur The current workings - the gold rich open pit have until 2031 before renewal date. Academic as will be exhausted this year or next, depending on AAZ's preferences for plant feed etc. There is the consideration of potential deeper [underground] mining there, the immediate resource being copper/silver rich; gold is there too but off into a down dip below 700m from surface. 3. Mine lives: Physical. JORCed. AAZ have advised us in the FY RNS that the plural mine lives for the Gedabek CA extend until at least end of 2024. This will be the JORCED reserves, essentially for main pit and Gadir [see Ugur comment above]. Unsure as to whether this includes for what has been analysed to JORC standards since Summer 2018 for main pit and since Spring 2019 for Gadir. We haven't heard anything lately about AAZ's voiced intention to JORC to establsih a 10 year "mine life". Maybe, as Matt has written above today, there has been a rethink. There's not only the expense of doing this but as, effectively, will essentially comprise extensions to Gadir Underground and the new main pit UG mine [or is it an extension?]....well that's a huge ammount of development work to do and well in advance of any extraction. Going to have to extend those access tunnels and passageways a long way to be able to drill out to JORC requirements. If there's any doubts/issues pertaining to the PSA renewal/extensions, this will obviously inhibit any such exploration/developm I think we must accept that AAZ are implementing a commercially optimised approach to progressive underground mine extensions and therefore their stated lives. 4. Mine Lives Physical potential Well, this is where we need to have some fresh guidance methinks. Hopefully something will emerge come the 21May presentation. We know there's a lot more down there beyond what has been JORCED and reported as such to date; that's just in main pit + Gadir. When the most recent Ugur deposits were revealed, the DD drilling went very deep; certainly low as 800m; i think 1,000m was attained without checking. With this reach from the surface, a lot could be revealed relatively cheaply in the main pit and Gadir underground stratums. We also know that SW and team are hoping that Avshancli Gilar will live up to early promise and provide news mines of substance, production to commence some time in 2022, if not a little earlier. And not forgetting the potential UG extension to the Gosha mine [in the Gosha CA] + other possible developments in all 3 of the CAs. Potential for heap leached production, in advance of plant enlargement or even an additional plant [Ordubad?] a few years hence. Again, hopefully more good news coming soon. We don't know to what extent the potential of "4." has been under-reported over recent months, a 'cards close to chest' during discussion/negociati Azerzi Government. Hopefully, something will be revealed about this also; just knowing there has indeed been a hold of sorts will be helpful. | ![]() 2sporrans | |
17/5/2020 17:32 | Thanks for the Geological insights Matt and for insightful comments Bleepy. I'd like to reply and also wish to post updated graphs, such as "Cash Cow", in line with the FY results. However, I'm going to devote my scarce time to responding to the comments about mine life. An excellent explanation from JBravo. Put into separate post below. | ![]() 2sporrans | |
17/5/2020 17:23 | Well that’s fair enough. Yes I think it’s one of the main reasons, I suspect there are a host of reasons though. The stellar climb of the last few years is probably another. ie there are plenty sat on fat capital gains and no doubt some want to crystallise them. Buys get sold into and so a stand off materialises. Clearly there’s little appetite to sell down at this level though, as the volume has shown recently. Perhaps even COVID is playing its part. It could be people are nervous of being in a one site producer so hold off buying til Covid is resolved, or perhaps with an increased number of people home all day they want to “play” more active COVID stocks. (I’ve certainly “dabbled” It’s a complicated picture that naturally you can’t assign a single reason to. What is certain is that with each passing day we move ever close to some kind of news and we have reason to believe we get news of some kind before Thursday. | jbravo2 | |
17/5/2020 17:21 | Gold - 1900-1950 on this breakout :-) free stock charts from uk.advfn.com personally and I have NO right to say this, I get the feeling gold might just run up exponentially now to 3000+ LOL,,,, please ignore me though and make up your own minds,,,, but to me this looks nailed on with all the recent QE,,,,, we shall see,,, but,,, I'm betting my future on it :-) free stock charts from uk.advfn.com might be very soon, or might be a little while in the oven :-) LOL Cheers Wan :-) | wanobi | |
17/5/2020 17:06 | Am sure adults can tske a bit of banter and badinage. As i understand it this thread came about because some couldn't. | ![]() the stigologist | |
17/5/2020 16:54 | jbravo2, well the lease and LOM have not put me off, but it does mean I'm unlikely to go in much heavier until there is clarity. As current investors 'need' new blood to see a rising SP, It's a problem, at least on that level, even if it makes little short term difference to the company's profitability. Edit: I started posting both because I had a few questions and secondly posters were wondering why the share price hasn't risen further. It seems the reason is as above. | ![]() waterloo01 | |
17/5/2020 15:47 | Agree plenty of investors see it as an issue Waterloo. From my point of view it’s a poor article, it’s been posted previously. But then I would say that as I don’t think LOM and the PSA is an issue other than it is currently putting off some investors. It doesn’t affect how much money AAZ makes or the dividend paid out. Sooner or later the issues will be resolved one way or the other and we’ll know who was right. Waiting til all becomes clear is the safe course of action if you’re doubtful. | jbravo2 | |
17/5/2020 15:28 | Get Ready For Unthinkable Levels For Gold & Silver Alasdair Macleod interesting re Copper | ![]() graylyn1 | |
17/5/2020 15:03 | Wondered when your smutty little character would show its true colours on this board when someone disagreed with you. I've seen it emerge across numerous others and quickly descend into obscenities when someone has the temerity to voice their own opinion.You're on one of the best boards on ADVFN for debate, respect it please. | ![]() inaminute | |
17/5/2020 14:58 | Seems this perspective would agree re the lease extension and LOM being an issue. Not sure it takes into account recent drilling. | ![]() waterloo01 | |
17/5/2020 14:45 | iamBV I don't think people are worried about the LOM. Its more that they want it extended as its the only thing that is holding the share price back.Its very annoying watching the price of gold go up.The price of almost every over gold miner going up,profits at record highs, DIVI rising. Yet we seem to be stagnant, going nowhere. I did a dummy sell late friday and was offered 1.32 for the lot. I turn the computer off and looked yesterday morning only to find that for no reason they had dropped the share price back to almost level for the day. So we do need some news other than profit,profit,profit This company and its shareholder are not getting the rewards it should be. | ![]() gold finger 1 | |
17/5/2020 13:09 | For all those who are particularly nervous about LOM, why not just chill out and see what news comes out in the coming weeks/months. If Stephen Westhead was that worried he would not have shelled out for those shares he bought last year. He, in my opinion, is irreplaceable and I would suspect that the Azer Government agree. BV | iambv | |
17/5/2020 11:59 | LOL peak arrogance for you working for some third rate City shop talking dismissively about 'retail' PMSL Anyway the reason you presumably trade stocks is you think the market is inefficient and will become less inefficient due to investors researching, analysing and responding to market inefficiency and mispricing ? Maybe the 'shareholder base' will change if it gets bought out ? That's the major thrust of my comments. M&A potential could trigger a re-rating. | ![]() the stigologist | |
17/5/2020 11:30 | “One of the problems PYC Physiomics has had getting the respect/valuation it deserves has been the lack of a decent...” shareholder base. All you get with a retail nominee dominated shareholder list is a yearly pump and dump. | ![]() bumpa33 | |
17/5/2020 11:29 | You’re absolutely right mf It all stems from the post Matt made (post 35174) re business men etc. The mine was started with, comparably, very little drill data behind it. Far less than is undertaken in most modern cases. Years were cut out of the typical development schedule. It now means we are often digging up the results of any exploration within a few years. It is quite hard to get ahead of the game, combined with the fact it suits the company not to do it in some senses. | jbravo2 | |
17/5/2020 11:27 | Ladies and Gents For your Sunday research please spend 20 mins listening to the latest from Alasdair Macleod on Kingworld News .com....bit of everything for chartists,fundamenta | ![]() goldrush | |
17/5/2020 11:22 | Ninety one global gold fund (used to be Investec) up 81% over 12 months. Really, AAZ has to be able to beat that, as the fund is diversified and focussed on bigger miners in a wider spread of jurisdictions. That's my benchmark.I'm going to put it out there: I will be disappointed if the share price isn't above £2 by the time of the AGM | ![]() mad foetus |
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