Anglo Asian Mining Share Discussion Threads

[jeanesy] 23/5/2020 21:54

Strange that if you believe the government are going to take out the company at a premium that you would sell up sfs.. each to their own i suppose.

[swallowsflysouth] 23/5/2020 21:48

CMB and Wan, you have the same thoughts i was having when i decided to get out. Now that i am no longer invested in aaz i can have a more unbiased view. It is my belief that AAZ hold quite a few cards hence the long drawn out delay in news. The government will eventually get its way and i do not believe they will pay a high enough price, but i do not believe it will be a rock bottom price either, more something in between.
AAZ know where the gold is, that is knowledge the government needs. They also i believe run a better mining operation than the government has done to date on their mine. So their are bargaining chips that AAZ are using as best they can. Manipulation of share price would to me indicate they wish to appear to be giving a good deal, so possibly in the region of £2 to £3 depending on potential. Could be a lot less or even a lot more, just my best guess. Could be a long wait before settlement. Good luck with it all.

[user2007] 23/5/2020 21:10

Thanks Colin.

[c0lin1] 23/5/2020 20:45

I would add overall i am happy with them

[c0lin1] 23/5/2020 20:45

I would add overall i am happy with them

[c0lin1] 23/5/2020 20:41

I use ajb as well. Pretty good although the platform wasn't as robust as it could have been during the recent turmoil(not the only one} Can be quite slow sometimes picking up limit orders but not too bad overall.

[user2007] 23/5/2020 20:12

Thank you.

[baddeal] 23/5/2020 19:55

I use ajb for one of my sipps. I hold some of my aaz in there. Easy to use ap and website. Lower costs than some so it does what it says on the tin.

[user2007] 23/5/2020 19:33

Hi all. Good discussion as always. Thanks.Im finally going to setup my SIPP which was mentioned by Mattjos. Ive done a quick research and AJ Bell SIPP is currently my choice. It is suprisingly cheap capped yearly fee to 100 gbp plus some tranastion fees.Does anybody here use this product? Any cons or pros? Or recommendations?Thank you..

[callmebwana] 23/5/2020 19:32

Oh,one more thing. There is always a consolidation in the PM sector under the circumstances this world of ours is in at the moment.
I just wish this whole scenario would end soon. The sooner the better for all concerned IMO.
It can start to play on shareholders nerves at times ,I am sure by reading some of the posts on this and the main thred. Some are getting dissatisfied with the way and at the rate things are progressing.
Well everone to their own,I am holding on until the fat lady sings. NAI.

[plasybryn] 23/5/2020 19:18

Have a look at AAU. JV deal to be announced by end of June. FCF, no debt apart from working capital and lowest quartile costs. Lots of exploration potential. If JV deal goes ahead (very likely) a nice big tasty one off special payment to shareholders has been intimated. Buy note from Panmure Gordon.

[wanobi] 23/5/2020 18:19

so, here we go,,, simplifying,,, a possible,

transaction with a subsidiary of Anglo Asian who own the PSA with the Government of Azerbaijan.....

AAZ has been in recent discussions with AZERGOV & OTHER parties....

in relation to potential transactions!!!!

AAZ regularly has discussions with OTHER parties regarding the development of the Group.

To me,,

AAZ has been approached by a big fish looking to buy AAZ outright, but AAZ needs AZERGOV to approve it and allow the PSA to pass on to a new owner as part of the deal...

seems the most likely fit with these words!!!

Cheers
Wan :-)

[wanobi] 23/5/2020 18:12

very kindly re-posted by Bleepy on the main thread and worthy of another look at the wording of this :-).... Cheers Wan :-)

A reminder of statement released 22/8/2019...

Anglo Asian Mining plc / Ticker: AAZ / Index: AIM / Sector: Mining
22 August 2019
Anglo Asian Mining plc
("Anglo Asian" or the "Company")
Statement re Media Comment

Anglo Asian Mining PLC, the AIM listed gold, copper and silver producer focused in Azerbaijan, notes the recent press report regarding the Ministry of Economy of Azerbaijan engaging a consultant to advise on a possible transaction with R.V. Investment Group Services, LLC, a subsidiary of Anglo Asian whose principal asset is the Group's production sharing agreement with the Government of Azerbaijan dated 20 August 1997.

The Company notes that, while it has been in recent discussions with the Government of Azerbaijan and other parties in relation to potential transactions, such discussions are preliminary and no terms have been discussed or agreed. There can be no certainty that these discussions will result in any transactions. The Company further notes that it regularly has discussions with other parties regarding the development of the Group.

A further announcement will be made if appropriate in due course.

[wanobi] 23/5/2020 18:11

many thanx SiE, I shall listen to that for sure,,, probably tomorrow now :-) LOL,,, been doing too much work today :-) LOL,,,, cheers Wan :-)

[bleepy] 23/5/2020 18:04

A reminder of statement released 22/8/2019...

Anglo Asian Mining plc / Ticker: AAZ / Index: AIM / Sector: Mining
22 August 2019
Anglo Asian Mining plc
("Anglo Asian" or the "Company")
Statement re Media Comment

Anglo Asian Mining PLC, the AIM listed gold, copper and silver producer focused in Azerbaijan, notes the recent press report regarding the Ministry of Economy of Azerbaijan engaging a consultant to advise on a possible transaction with R.V. Investment Group Services, LLC, a subsidiary of Anglo Asian whose principal asset is the Group's production sharing agreement with the Government of Azerbaijan dated 20 August 1997.

The Company notes that, while it has been in recent discussions with the Government of Azerbaijan and other parties in relation to potential transactions, such discussions are preliminary and no terms have been discussed or agreed. There can be no certainty that these discussions will result in any transactions. The Company further notes that it regularly has discussions with other parties regarding the development of the Group.

A further announcement will be made if appropriate in due course.

[wanobi] 23/5/2020 17:16

yep, agreed cmb,,,,, but, we don't even know the nature of such talks,,,

The words 'Buying & Selling' of the PSA could mean so many things,,,,,

when all that might be going on is a simple straightforward renegotiation of the terms of the existing PSA, eg,, the gov wants to up its share to 15% or 20% or whatever,,,,

or

AZERGOV wants to buy AAZ out of the PSA, so game over for AAZ in AZER,,

hence, the talk of looking outside of AZER,,,

but, then,

they also say they are considering options INside AZER too,

so

what does that mean, a second PSA or current PSA expansion for other CA's in AZER

or, perhaps a

JV/TO of AG by AAZ

or,

TO of AAZ by AG

or,

AAZ has been approach by a big fish looking to buy AAZ outright, but AAZ needs AZERGOV to approve it and allow the PSA to pass on to a new owner as part of the deal

or, or, or LOL :-) LOL

so much ambiguity leading to uncertainty, leading to a perception of higher investment risk and so on and so on....

Cheers
Wan :-)

[wanobi] 23/5/2020 17:08

yep, agreed doc_oj, thanx, cheers Wan :-)

[bleepy] 23/5/2020 17:02

Extension of Current Mine Life
The Company is in a very strong position with significant exploration upside at all three of its Contract Areas. The exploration programmes are being designed to be rolled out to allow time for "dovetailing" exploration results into resources and ultimately reserves to extend the current life of mine. The Company is confident that the resources will yield extensions of operations to provide significant shareholder upside from the metal in the ground being converted to revenue.

This work is being planned to optimise the life of mine for each property within the current permitted activity timeline in the Production Sharing Agreement ("PSA"). Assuming the two available five-year extensions in the PSA are requested by AIMC for each property, the permitted production periods are as follows:


Mine - Year of submission of notice of discovery - Last year of permitted production

Gedabek 2008 - 2033
Gadir 2012 - 2037
Ugur 2016. - 2041
Gosha 2012 - 2037


The psa start date for each discovery is given at time of submission as in above table.

Gedabek start date 2008 is given a permitted timeline of 15yrs plus 2x5yr extension should they be requested taking it to 2033.

So the first psa extension would be Gedabek and not due for extension until 2023. Gadir 2027, Ugur 2031 and Gosha 2027.

Aaz have demonstrated that they meet all requirements for extension timelines as per psa agreement. So psa extensions should be just a formality.

Psa timelines for new discovery start when those discoveries are submitted. So that allows many producing mines with different psa timelines to operate within the same contract area.


I don’t see present govt discussions are centred around psa extensions, the subject being the purchase of this agreement. I stand to be corrected if misunderstood.

[gold finger 1] 23/5/2020 16:25

I look at it like this.
We have the right to extend the PSA so no problem there.
We have enough LOM to last till 2024, still plenty of time on that alone.
We seem to be going to give a JORC in Q3 to extend what we have already, how long will that add to LOM,we will have to wait and see. We seem to have 5 new areas that look promising to add to what we have now, But if all goes well will not come on line till 2024. That is the when we will extend the PSA. But to invest in more plant we need to have the PSA extended by another 20 years so it warrants the cost to add new plant to increase the production from 80,000 ounces a year to what ever they find in the results. It will take time and we have plenty of time on our side.
We are being given a larger % than he 25% of free cash flow for divis. We may only produce 80,000 ounces a year but with a AISC of under $600 an ounce. Some companies can be producing double 160,000 ounces a year at a AISC of $1200 and only making the same money as us doing 80,000 a year.
I am in a position now that i have another 25,000 pounds to find a home for in the next week or so. So for me the share price can drop more. Then that money will be coming in here just for the divi alone.

[callmebwana] 23/5/2020 15:54

Thank you guys for your commisrations.
Wan,and Jeajesy. Such is life. Perhaps I should not have posted that particular post. I did that just to bring this virus into high light. Thank you again.

Back the AAZ. My post earlier on.
Perhaps the Co. has delayed the mine development because of this virus and feel better hoding on to the cash.
No one knows what is happening in the talks. GLA.

[doc_oj] 23/5/2020 15:31

@wan: you are discounting a massive fact, this was a virtual meeting, it will have an influence on your body language, I think so :)

[jeanesy] 23/5/2020 15:25

I am sorry to hear about the loss of your friend CMB , that is very sad news :(