Anglo Asian Mining Share Discussion Threads

[gold finger 1] 21/5/2020 12:38

It seems to me what ever the management put out in news is never good enough for some. Progress has been made,the plan is in place but, yes their is always a but by a few.
It would have been interesting to know how the share price would have reacted if gold had not been down today. But we will never know.
This is where a nice divi comes into play. Just sit back and wait for the progress to be made,because when it does the share price will increase.
Also someone is moping up all the sales and must be paying the MM's a nice commission for filling their order, and keeping a lid on the price.

[goldrush] 21/5/2020 12:33

Mattjos

What a map and arc !!

I even spilt my tea on the keyboard when I gasped at the view !!

[donald pond] 21/5/2020 12:28

It is very exciting. But get a bloody move on!

[mattjos] 21/5/2020 12:26

Porphyry ore deposits typically form in magmatic arcs above subduction zones.
The ore minerals get precipitated out of the hydrothermal fluids according to localized conditions and triggers and you get these pockets of concentrated mineralisation in an arc above the subduction zone.

It's what the Russians believed to be here.
It's what Behre Dolbear believe to be here.
It's what the members of the FAMOS team believe to be here
It's what Hardmann believe to be here

& most importantly, It's what Steve Westhead and his team believe to be here

Can you tell what it is yet?:

[catsick] 21/5/2020 12:22

The comparison I would make would be Alkane in oz a small net cash miner producing 20-30k oz a year, then hits a Porphyry at boda and the shares are off to the races, AAZ will need to do some deep 1000m plus drilling but the odds look very good to me and they are generating tons of cash to do it, and have all the kit to process bought and paid for ....

[bleepy] 21/5/2020 12:20

WW

Prioritising discoveries identified by current exploration to increase production and mine life

The Company's exploration work has predominately been concentrated on the 300 square kilometre Gedebek Contract Area. Based on current exploration data, the Company has decided to prioritise five discoveries and work plans have been completed to commercially exploit these projects which are Avshancli 1, Avshancli 3, Gilar, Ugur Deeps and Zefer Cell 9.

Think the term “current exploration” would involve drilling at the prioritized five discoveries as well as at working mines.

[brasso3] 21/5/2020 12:18

Any ideas what we can expect from the new JORC? To get to around 1.2 - 1.5m oz would be good to put the life of mine issue to bed.

[jbravo2] 21/5/2020 12:14

Drilling ongoing.
New JORC on Gedabek, Gadir and Ugur in Q3

[walter walcarpets] 21/5/2020 12:11

Little disappointed in the lack of detail. No drilling going on?

[donald pond] 21/5/2020 12:10

I really want to see from SPA and Hardman what their views are. To be fair, this is what Hardman alluded to a year ago...what actual progress has occurred in the meantime that has led to it moving from broker speculation to something the company is including in an RNS?

[lefrene] 21/5/2020 12:07

catsick, the luxury of AAZ is that it's not a high cash burn prospector, hoping and praying hat it will get bought out by the big boys.

[the stigologist] 21/5/2020 12:05

AVCT >>> NCYT, ODX, GDR

The Market is sorting the wheat from the chaff :

[podgyted] 21/5/2020 11:53

No reply on Stocko yet DP, but you have got 15 "thumbs up", which is quite good.

[1tarquin] 21/5/2020 11:45

Thanks jb2

Yes, I can see the short term benefits and am also an outlier as I would have no issue with it or the shrinking of the free float further assuming it did not interfere with any development or exploration plans. I just didn't understand why some were implying it would help with liquidity of the company in the long term.

[onedayrodders] 21/5/2020 11:45

On the explorer v producer debate ... Wallbridge Mining "WM" (Explorer) who are currently discovering what seems to be a new planet of high grade GOLD !! are up 235% in a year and no hint of rushing to production.

I guess a mix of both is best for balance but with explorers you dont get the volatility as much as the producers when the gold price drops, and when gold goes up you get the potential bid premium excitement momentum.

ODR

[catsick] 21/5/2020 11:42

If they can find the porphyry they allude to it will be a game changer, at the moment the super hot search in Australia is for Porphyry systems in the Lachlan fold area in NSW, all the two bit minnows are out there looking for them knowing that if they hit one Newcrest will pay a billion dollars plus for it, as they make a billion dollars a year from their Cadia porphyry mine pulling gold out of a deep underground mine at a sub 250usd an oz all in cost.

[washbear] 21/5/2020 11:24

Morning.One if the miners BT I really enjoy here!So where is the man himself ..Wan ?Did he in fact sail into the sunset with his Acvt gains ?!!

[bumpa33] 21/5/2020 11:16

Took a few SENS @ 38 for a bounce off these levels, tight stop. Featured on Sky News this morning for their Covid 19 app. Been a buyer hoovering up in recent days at these levels, conversely means there’s been a seller too. Just a trade.

[klosters65] 21/5/2020 10:57

Clearly there is an element of selling upon a news release, whether perceived good or bad. I bought at 145p this morning, and thought I would see that price available again. In the immortal words of Wan. What a game it is!

[sparkey_two] 21/5/2020 10:57

What about a 2:1 share split. No change in value for anyone but everyone ends up with double current shares and should introduce liquidity.

Have held a share before that did it and net effect was a higher price overall (clearly not in pounds given double shares but in value)

[jbravo2] 21/5/2020 10:56

@tarquin
A fair question. You’re not missing anything. But I’m an outlier in that I’m not convinced liquidity is a problem. Indeed as you say, my hope is it would reduce the free float further with another long term holder.
I’m suggesting it simply as I think it would make money for us. We would earn the divi in interest which is better than the bank returns. I’m also not thinking it would be large amounts of cash. I really wouldn’t want any development to be held back because of this - but we’re such a long way from that with over 30m in the bank.
1m shares would be hard to get hold of at bargain prices (<150p)

[traderglt] 21/5/2020 10:39

Can't see it happening either - too sensible a ceo

[bumpa33] 21/5/2020 10:36

CORA interesting, though recent grades I thought were a bit disappointing.

[wanobi] 21/5/2020 10:32

CORA up another 6.9% today KS,,, I'm not in it right now,,, perhaps I should be,,, but I'm interested to see if this lag plays out and it keeps on rising :-) Cheers Wan :-)