Anglo Asian Mining Share Discussion Threads

[cannonfodd3r] 22/7/2020 14:18

And then sell it on for a much inflated price! People were winging not long ago that explorers were valued more than aaz, well now they have that exploratory side too.

I admit that getting it to production is a big ask but I’m not sure that’s the plan, get it proved up, let Stephen and bill spend a little more time at home which will please them and when everything is in place let someone else take on the battle of opening a mine for a very healthy profit. It’s small change and has the potential to give a very healthy return. What’s not to like?
Meanwhile we sit and await the porphyry news which will send the price sky rocketing.
10 days profit spent on it, that’s it!

Are you winging because you want back in cheaper cinoib? That’s what you normally do

[brasso3] 22/7/2020 14:05

I think GGP and SOLG share prices have shown that you do not always need to get into production to create value. If AAZ can help get this resource above 1m ounces then it will be a bargain at the price paid.

[gold finger 1] 22/7/2020 14:05

People, this company is turning out about $370,600 a day now.

[lefrene] 22/7/2020 14:03

gf1, if it was "on" it would all have been gone a long time ago! :¬)

[gold finger 1] 22/7/2020 13:59

Who actually owns all this land this gold is on?

[lefrene] 22/7/2020 13:51

One notices how far Conroy's price has come in the last few weeks, so it's been good for them at least!

So who is going to be selling the picks and shovels in rural Ireland?

[digger18] 22/7/2020 13:41

Good points made today Matt and I for one can see that the Good old US Is likely to be our major trading Partner, snd we know who will dictate the terms. Falling out with Russia, China, Europe, in a time of financial crisis. I and very happy to stay long here.

[donald pond] 22/7/2020 13:34

I just got around to watching the Proactive interview with the boss of Conroy. His enthusiasm is clear, and it was interesting to hear that he believes this would be the first gold mine in Ireland. My family has roots in rural Ireland and other than sustenance farming, not much has gone on there. There is a real danger of confirmation bias creeping in, and falling into the trap of saying "well if there was gold in Ireland wouldn't someone have found it by now" but the truth is that most of the country has had similar economic conditions to rural Azerbaijan. There is absolutely no reason why there might not be significant deposits there. I'm looking forward to hearing more about the geology and am actually quite excited.

[gold finger 1] 22/7/2020 12:55

They may be able to hold the AAZ share price down.
But one thing is for sure, this is a cash cow, throwing money out.
That they can't change.

[saturdaygirl] 22/7/2020 12:42

Gold back testing the resistance line and now maybe the new support line .

[bo doodak] 22/7/2020 12:11

Not followed Conroy but on first glance it might be that the Prof while an asset in some ways, has also been a liability in many others in hindering progress.

[gold finger 1] 22/7/2020 12:10

So it seems that all the regular posters that hold seem to be of the same opinion.
It's could be be very shrewd piece of business for very little outlay.
Its a case that conroy needed money and support, AZZ have money and the know how.
Thats just how life is. Better 45% of something for conroy than 100% of nothing.

[mattjos] 22/7/2020 12:07

Reza is an entrepreneur. He moved from selling Caviar to Gold Mining in Azerbaijan & I am guessing that, at the time, there were more than a few raised eyebrows with that decision!

He's backed his judgement on more than one occasion here .. forgoing salary and lending money to the company to ensure it survived and flourished.

As investors in the company we are, in effect, backing Reza and the team he has assembled about him. Doesn't mater how good the opportunity may be, if you ain't got the talent, it wont bear fruit.

AAZ has over 1,000 people involved in it now and has almost single-handedly given hope and economic prosperity to people in/about Gedabek & has rewarded shareholders in the company who have backed it / him to date.

If he & his hand-picked team scent an opportunity here to add value & grow the business then, whilst past performance is no absolute guarantee, it does suggest shareholders would be wise to let him / them run with it.

Conroy were clearly never going to deliver this project on their own .. no funds, no mining expertise & frankly, insufficient time to keep trying on their own before the CEO pegs it. However, they have assembled a wealth of data that goes back a helluva long way (read the IPO Docs) & much like the original Russian data on Gedabek, it points towards there being a big resource there … certainly much, much bigger than has already been JORC'd.

From a €2m initial investment, can we add tangible value to proposition such that we see a return on that investment?

I suspect the answer is a definite Yes.

Can we actually bring it into Production? Too early to tell but, assuming we take one step at a time and keep building towards that target then, it's a possibility that will grow in likelihood.

[bo doodak] 22/7/2020 12:05

A nagging worry is the coming review into the country's tax structure, and the increased theft of already taxed accumulated wealth, which includes ISA's. There can be no doubt the changes will be disadvantageous. I'm assuming the gvt will not remove primary residence CGT exemption yet, but even that may be fully or partially removed in time.

All shares held in ISA's - are they really secure above the FCA limit? I'd suggest not, especially in a world of excessive turmoil. If the banks go down then we may find these holdings have 'evaporated', even though supposedly segregated. Do you really trust segregation to work just when you need it most?

All that's left is physical share certs for absolute certainty but then there is the CGT aspect to resolve.

Its a hard one to call.

[gold finger 1] 22/7/2020 12:01

Well i am very happy with the JV deal.
I was worried that we would be paying out many tens of millions to get a JV. But it seems this deal gives us a chance of being in a company at a bargain price.
How many companies would have looked at AAZ at 4p a few years ago,with a market cap of only about 4.5m pounds. About the same as conroy before yesterdays news.

This JV shows me that they have plenty in the pipeline to keep us going in az for many years to come.

[klosters65] 22/7/2020 11:51

There are some wealthy people in Ireland. I am hopeful that our JV with Conroy produces some much needed new Investors. It seems like a cracking deal for AAZ to me.

[bleepy] 22/7/2020 11:49

And aaz entered the JV when gold was $400-$500 oz cheaper, do the maths and as would cost much more if this was day 1 negotiations. So, already much value accrued and pog continuing it March upwards.

[sharekitchen1974] 22/7/2020 11:43

Totally agree Matt, let AAZ get on with it, they have given no reason to lose faith in their decision making, they no doubt know far more than we do, I personally think a main market listing would be the next step to take if possible. I guess some would disagree with that also?

[bleepy] 22/7/2020 11:42

And if Aaz prove up anywhere near the potential in Ireland in the next 12/18 mths, what value Conroy then and what would it cost Aaz to enter the JV at that stage.

A punt maybe but some smart thinking and homework by Aaz might lead us to the leprechauns pot of gold.

[brasso3] 22/7/2020 11:39

Matt

What would we being paying for the deal in 6 - 12 months time when gold is above $2000/oz and there would have been other potential bidders interested? Look like a very cheap option and and cheap JORC reserves on the books.

[mattjos] 22/7/2020 11:36

anyway chaps .. let's stop the bickering please.
We've been free of it here for years and I really would rather not have any here.
We each make our own decisions.
Almost a guarantee that whatever strategy AAZ announced, there would be some with a negative viewpoint about it.
If we had gone out and borrowed / done an equity raise for $300m to buy a production-ready asset, folk would have been moaning like hell that insti's were getting in on the cheap & that we'd overpaid for such a thing.

Conroy represents a big future possibility .. we're paying just €2m option money to get them to raise their skirts and give us the opportunity to be i/c the future drilling activity and have first dibs on the data. At thus stage, that's all we are on the hook for. What it boils down right now is: Is it worth us paying the €2m for this?

Given our current financial position, it is probably worth a punt. It does not prevent us from doing all that we are currently doing and neither does it preclude us from continuing to look at other opportunities. It will tick along in the background and the data will either increase our confidence levels in the project & move ahead per the terms or, cause us to walk away.
worst case scenario, in the short-term, is we are down €2m & have expended some management time on it but, this is business .. you have to, at the very least, take a look else we'll not ever move ahead from here.

Deals done .. let's give management the benefit of the doubts and see where it leads in the next 6 months. It's neither a positive or a negative as at today other than clearly indicating that the company is not just sitting there and doing nothing. We are casting about and actively looking for value-enhancing opportunities, which is exactly what we want the company to be doing.

[saturdaygirl] 22/7/2020 11:23

Target 1878 with a little luck !

[klosters65] 22/7/2020 11:07

And the connection between the seller in the background and Conroy is? I don't know why, but you come across as being bitter

[cinoib] 22/7/2020 11:04

mad foetus, I know, believe you me which is why I am not a fan. Yes we are a very well run company, but conroy know how to change that, have seen it before, have a very good and long memory and obviously the seller in the background knows, hense the share price has been held back so long while gold has moved up $300. I only get the wool pulled over my eyes once. You long termers must do what you think is best, but I have a fixed amount invested and it has to work hard for me not sit earning 6%. Have already made that since removing my last stash from here, due to increase in p o g . Will keep an eye on it just in case AAZ find a touch of the Irish, but am not holding my breathe.