Anglo Asian Mining Share Discussion Threads

[swallowsflysouth] 27/5/2020 12:37

I added on the way down in DDDD to Wan,looking at it with a mid to long term view rather than purely a cv19 play.

[cordwainer] 27/5/2020 12:36

For years i just assumed POG was an abbrev for price of gold. Unless maybe I'm confusing it with pog.

[onedayrodders] 27/5/2020 12:17

DDDD ... Not a chartist but isn't there a possible H&S around 62p just to be aware of

[c0lin1] 27/5/2020 12:16

I do but every time I drink I buy more and all my recent purchases are underwater

jbravo2
27 May '20 - 11:48 - 35850 of 35852
0   1  0
All good here.
Relax everyone.
Smile. Have a beer. Sun is out etc.
:)

[king suarez] 27/5/2020 12:04

Wan,

POG is a lot bigger/more complicated than AAZ and those results have a ton of detail in them that would take quite some time to get to grips with.

On the face of it, they look pretty decent to me and 2020 should look v good indeed. Would like to see the debt paid down now that hopefully most of the main CAPEX spend has been done re: the POX hubs. Any re-financing of the debt could be a bonus too if they can get the interest rate down a bit.

V pleasing to see Q1 production ahead of full year target.

[grupo guitarlumber] 27/5/2020 11:59

extract from annual report


Outlook

The Company achieved considerable success in 2019 but the COVID-19 health emergency has made the short-term outlook uncertain. However, Anglo Asian is now financially robust and well placed to weather the challenges of COVID-19. The Company's main priority during this period is to protect the health and safety of its staff whilst maintaining normal operations wherever possible.

The Company has over 1,000 square kilometers of land within its contract areas. As set out above and elsewhere in this annual report, the Company has a comprehensive exploration programme underway to extensively explore this land for new deposits. This programme is yielding results with the identification of several major targets at Gedabek and Gosha and the new mineral occurrences at Avshancli and Gilar. We are also extending the mineral reserves at our existing mines. We still regard Ordubad as an untapped value opportunity and work there has been promising. The Company will also consider any suitable opportunities outside Azerbaijan which it believes

can be made commercially successful.

We have set a production target of 75,000 to 80,000 gold equivalent ounces for 2020, which is a small decrease from 2019. This includes up to 67,000 ounces of gold and between 2,200 and 2,400 tonnes of copper. We are currently still on track to achieve this production target and I look forward to updating shareholders with our progress in the coming months. At current metal prices achieving our production guidance is expected to result in a turnover in excess of $100 million.

I would like to conclude by saying that Anglo Asian accomplished much in 2019. We continue to look to the future, beyond the abatement of the COVID-19 health emergency, to build on our very solid foundations to develop your Company into a mid-tier gold, copper and silver producer. Despite the current unprecedented times, I continue to look forward to 2020 and beyond with optimism.

[bumpa33] 27/5/2020 11:53

Hmm, 4D - well if they’re letting it run to reload, they’re letting it run some way - nice one Wan :)

[grupo guitarlumber] 27/5/2020 11:52

AS WITH GOLD,IS COPPER FAIRLY PRICED



And theres always the silver lining

[jbravo2] 27/5/2020 11:48

All good here.
Relax everyone.
Smile. Have a beer. Sun is out etc.
:)

[gold finger 1] 27/5/2020 11:46

I am just going to point this out.
Have the markets got the valuation of gold right at this moment,when what has gone on?
Will the markets in the future get the value of gold right?

[gold finger 1] 27/5/2020 11:38

skeptic

The fact is talks are still on going or we would have been told.
We also have all been restricted by movement for the past 3 months.
Did Bill not point this out regarding the Jorc? something along the lines that most of the work could be done away from the mines,but some had to be done on site? I am sure that's what i heard.Talks with the government first would have been delayed or taken longer because of the elections,then we have had covid.

I am not in love with this share. Its just that i can see the value that will IMO be added to the share price at some point.

We have had money thrown at the main markets that have inflated there share price
I for one can't see the value in these companies as they are closed down and the future looks dim for them also. But people seem to be happy to throw money at them for now and not look at the facts.
But here you have a few down days and news that was not bad and people are looking for reasons That aren't there just because the share price is down.
This company is still working, making record profits, and have paying a very good Divi, with a jorc to increase the mine live in Q3. But all that is being ignored because of the share price Sometimes the market has it wrong,never forget that.

[2sporrans] 27/5/2020 11:10

No disputing your 2 points Brasso.

It's unfortunate we lack those long promised JORC reports
for Gadir and main pit which hopefully will extend their lives
at least until end 2025.
But come they will.
Then there's the 2 potential undgerground extensions to them + Gosha too
+ the 5 new prospects [hopefully A1 producing from H2 2022] to pad out
the production feed life further.

Production feed life....I kind of like that, as it would take account of
the stockpiles and tailings too.

[gold finger 1] 27/5/2020 11:06

We are part of the club.
But the manager is not allowed to inform you about certain things that are going on behind the scenes by law.

[riggerbeautz] 27/5/2020 11:05

Just had a glance at POG know it has a few hurdles surprised it’s been in a little downtrend a few days now.

Good luck with 4d Wan looks like it’s coming good for you.

[grupo guitarlumber] 27/5/2020 11:05

Seems a good long term play and it pays a divi

i feel it will return towards the 150p mark in the coming weeks

[mad foetus] 27/5/2020 11:01

ACP, come on lads, feasibility study due to land this week, how does the chart look...???

[2prsimo] 27/5/2020 10:58

A respected charter on Twitter is saying the gap was filled on DDDD at 42.4p.

[skeptic1] 27/5/2020 10:57

Absolutely - I’d normally not be this interested in the daily machinations. Quarantine will do that to a bloke! Point taken :-)

[bo doodak] 27/5/2020 10:55

Skeptic,

FWIW, would it not be safer to accept that there is always a reason for how an share price performs at a given time, just that we, including myself, are unable to comprehend what it is (loads of theories of course abound)

Its damned annoying but at least we have comfort of a secure, increasing div meantime.

[wanobi] 27/5/2020 10:44

POG -

Cheers
Wan :-)

[skeptic1] 27/5/2020 10:40

Gold finger - I do agree with you, to an extent. I’m just putting together the case about why our company may be perceived negatively by others who are looking to buy in.

It’s important that we don’t fall in love with a share, and remain objective about its performance.

I stress that I am at risk of being one of those people - that view the company as doing no wrong. However: I am trying to not be blind to what other may see as happening here. There is no reason that I can logically understand for the share price performance. As we are still AIM listed, people may fall in to the trap of other AIM stocks. Is there a leak and something has ‘gone wrong’? Is there a reason as to why the co don’t give us the details we have been asking for, for a long time? All the potential ‘finds’ are just that until detail is provided. Why no detail on the government talks?

I must stress again, I don’t believe the above to be a concern. I’m just speculating as to why others might.

[wanobi] 27/5/2020 10:36

rightly or wrongly I've been adding 4D on the way down :-) LOL,,, oh what a game this is :-) GLA Cheers Wan :-)

[ilostthelot] 27/5/2020 10:33

I also added POG fozzie.

[wanobi] 27/5/2020 10:32

well done fozzie :-) nice, very nice :-) cheers Wan :-)

[ilostthelot] 27/5/2020 10:32

Absolutely riggerbeautz. I haven't bought or researched. I'll have a look at it though. Thanks.