Anglo Asian Mining Share Discussion Threads

[drkhalidm] 23/6/2020 07:44

Exciting times ahead, well done Reza, great relations with Azer government, new opportunities, totally in control of his company and its future. Very well done

[jbravo2] 23/6/2020 07:40

It’s not in the bag yet, getting close though
Fingers crossed it’s a big un

[brasso3] 23/6/2020 07:38

Excited to hear about the JV. It looks like it is more advanced than we thought.

[2sporrans] 23/6/2020 07:33

There's a very good chance that the "further exploration areas" include or comprise an extension of existing contract area boundaries to envelop new targets that AAZ have already identified and even explored, like Zehmet to the North of the Gedabek CA springs to mind. Exciting ground samples for gold already found.
Basically like Avshancli.
Great potential for a similar low cost open pit gold mine [Ugur 3?], maybe 12km from plant.

[brasso3] 23/6/2020 07:31

I would love to see AAZ get involved with ALTN. I think it would be a great deal for both. I can only see AAZ getting involved with a large resource if they move outside of Azerbaijan.

[jaspoland] 23/6/2020 07:31

I think you have all summed it up well this morning. What a wonderful company this is.

Look forward to seeing Reza's comments coming to fruition in the future

[friendzarin] 23/6/2020 07:26

Thank you Reza and well done on the content and openness of this approach.

Thats as good as it can ever be for a CEO communication directly to his shareholders.
It also achieves a much more positive outlook to attract new investors for the clear potential the company has available.

Shame again we are not able to meet at the AGM and hear it from him in person.

[gutterhead] 23/6/2020 07:23

Excellent update
Ambitious and clear

[oakey1] 23/6/2020 07:21

Has AAU announced who their JV partner is...they are pretty near AAZ but from memory I think they said it was a Turkish private company

[wanobi] 23/6/2020 07:21

AAZ - The Company has been actively investigating several opportunities and negotiations are at an advanced stage for one potential joint venture.

I look forward to making further announcements about this shortly when the negotiations are concluded.

Soon then :-)
Like it :-)

Cheers
Wan :-)

[2sporrans] 23/6/2020 07:20

Isn't this good?

"The second part of our expansion strategy in Azerbaijan is to extend our existing concessions. We have had discussions with the Government of Azerbaijan who appear to be well disposed to granting us further exploration areas. We have also begun the legal work to determine how any new concessions can be incorporated into our existing production sharing arrangement. Although the COVID-19 pandemic has slowed these discussions throughout the first half of 2020, they have been wide-ranging and our relationship with the Government of Azerbaijan remains strong. We are working together to maximise the benefit of Azerbaijan's abundant natural resources for both parties."

At the very least it says a lot about the regard in which the Gov't holds AAZ and how
it wants to back it for long term expansion.

Also, there's 1 foreign JV emerging on the back burner.
But perhaps just a back up, should the above not materialise.

[wanobi] 23/6/2020 07:18

many thanx for the robust debate last night, I was reading it at the time,,, but, with my limited experience at this game and the history you guys have there is/was nothing I could add to the discussions... I am very grateful you all decided to hold them here as it does help bring home how important the research is when playing this game... Cheers Wan :-)

[brasso3] 23/6/2020 07:17

What a great RNS by AAZ. Best outfit on AIM by a mile!

[wanobi] 23/6/2020 07:15

Oops, almost forgot in all the excitement, Good morning all, Good luck and great health to you all today :-) Cheers Wan :-)

[bazboa] 23/6/2020 07:14

However, the Company has been actively investigating several opportunities and negotiations are at an advanced stage for one potential joint venture. I look forward to making further announcements about this shortly when the negotiations are concluded.

[wanobi] 23/6/2020 07:14

AAZ - that should take the fear brakes of the share price today surely :-) LOL,,, oh what a game cmb :-) LOL fingers crossed, cheers Wan :-)

[wrighty46] 23/6/2020 07:12

Let the speculation begin. Excellent communications from the boss. GLA

[wanobi] 23/6/2020 07:11

AAZ - well done Reza Vaziri and team and many thanx for all your efforts,, it's very much appreciated by me and many many others of that I am 1000% sure... The letter today addresses AZERGOV/PSA discussions, threat of nationalisation, LOM in AZER & something exciting outside of the current CA & country..... all of the fear I had put to bed in one well written letter.... excellent work, thanx Cheers Wan :-)

[lottsgold] 23/6/2020 07:08

'Nevertheless, I can assure shareholders that it is the Company's understanding that the Government of Azerbaijan has no intention to nationalise, purchase or otherwise take control of Anglo Asian Mining or its assets in Azerbaijan.'That puts that to bed?

[qazwsxedc69] 23/6/2020 07:07

And new concessions likely too :-)

[wanobi] 23/6/2020 07:07

AAZ,,, oh, and,,,,

The other pillar of our overall business strategy is to diversify and pursue opportunities outside Azerbaijan that complement our existing operations and where synergies exist. This is not an easy task. Suitable opportunities of the right size in good jurisdictions are rare and the landscape is very competitive. However, the Company has been actively investigating several opportunities and negotiations are at an advanced stage for one potential joint venture.

Cheers
Wan :-)

[jbravo2] 23/6/2020 07:06

Well I’m happy with that
Extensions both within and outside Az will be wonderful

[qazwsxedc69] 23/6/2020 07:06

So - Gedabek 10 year extension nailed on.Nothing from govt discussions, but reaffirmed govt support. Likely JV in advanced discussions. Lots of positives to unpick at the AGM

[wanobi] 23/6/2020 07:06

AAZ - RNS - very reassuring letter today, great work AAZ, obviously listening to the concerns of its shareholders :-) Cheers Wan :-) GLA

The Company is now very focused on growing its business by both leveraging its presence in Azerbaijan and deploying its reliable cash flow elsewhere. In Azerbaijan, there are two parts to our strategy: to increase production from our existing concessions and to obtain new concessions. We have reported extensively on our exploration programme at Gedabek and elsewhere. Our efforts are starting to yield results and have already led to new discoveries. To bring these discoveries into production takes time and we have announced our expected timelines. The original Gedabek discovery within the production sharing agreement currently extends to March 2022, but it can be extended for a further 10 years and we have already started the formalities for this extension. The Company expects this renewal to be routine and in accordance with the existing agreement. We continue to operate the Gedabek mine on the basis that an extension is forthcoming.

The second part of our expansion strategy in Azerbaijan is to extend our existing concessions. We have had discussions with the Government of Azerbaijan who appear to be well disposed to granting us further exploration areas. We have also begun the legal work to determine how any new concessions can be incorporated into our existing production sharing arrangement. Although the COVID-19 pandemic has slowed these discussions throughout the first half of 2020, they have been wide-ranging and our relationship with the Government of Azerbaijan remains strong. We are working together to maximise the benefit of Azerbaijan's abundant natural resources for both parties.

We were required to acknowledge publicly in August 2019 that the Government of Azerbaijan had announced it had appointed advisors with regard to a possible transaction with Anglo Asian Mining. There have been no significant subsequent events requiring further announcements by us. Nevertheless, I can assure shareholders that it is the Company's understanding that the Government of Azerbaijan has no intention to nationalise, purchase or otherwise take control of Anglo Asian Mining or its assets in Azerbaijan.