Anglo Asian Mining Share Discussion Threads

[mad foetus] 25/7/2020 14:57

MattHave you any idea how the revenues are shared? I'm assuming the ROI get their revenues from ordinary taxes payable by company and Irish based employees but do you know if there's a profit share or similar arrangement?

[mattjos] 25/7/2020 14:47

I've put this in the thread header as a link and in the weeks ahead will create a new sub-section dedicated to the Conroy JV.



On this page, start with PL no. 3028 for Clontibret for data back to 1998:

[friendzarin] 25/7/2020 14:34

@scandahooligan..nice moniker ;-)

Many thanks for your response and contribution and nice to hear from you.Hope you can continue as our 'man on the ground ' with the insight that provides.

Prof Conroy sounds an interesting fella and with a colourful profile.

Some achievment for AAZ to find a partner with an age above their own boards average :-)

[wanobi] 25/7/2020 14:29

PXC - great work guys and many thanx PoF, ODR for posting about it here, much appreciated by me and many others I'm sure,,, cheers Wan :-)

[jeanesy] 25/7/2020 14:18

Does anyone here think think that CGNR might be worth a punt at current prices?

[scandahooligan] 25/7/2020 13:44

@friendzarin - I am a longstanding AAZ holder living in Ireland. Conroy very well connected to the old guard of current party in coalition government - Fianna Fail - and is recognised as a fairly canny political operator. Unfortunately from a gold mining perspective one of the coalition partners is the green party!

[2sporrans] 25/7/2020 13:01

Ptolemy

So, in response to the concerns you posted about wrt the corrupt Aliyev regime, this is
a general observation by "Science Direct" researchers into the political climate as it has evolved in Azerbaijan and it's neighbours over past 15-20 years, written essentially from pov of the Oil/gas industry.
Written around 5 years ago but the insights remain pretty much valid for today and going forward next few years.

We've shared a lot of information and insights on this bb as to how things stand for AAZ wrt
its relationship with the Azerzi government and strong cases that in fact the
Aliyev regime has adopted a benign posture wrt AAZ and its operations and continues to.
I just think the observations made in this article merit taking on board:



From it's conclusion, my excerpts:

"Indeed, autonomy – particularly control over their economic destiny, which they derive from their hydrocarbon resources – seems to be at the heart of the matter for the Caspian states. We aver that, since about 2007, Caspian state behaviour no longer strictly resembles multi-vectorism [TS - i.e. a compliant approach to 'getting along with' US/Russia/EU/China and interested parties thereof]. In short: in terms of energy relations, multi-vectorism, as it was practiced earlier, is over."

""The common denominator of these various acts of assertiveness [TS - read the article for details] is that they allow the Caspian states – that is, their authoritarian rulers – to maximize the revenues they can receive from their hydrocarbon assets."

"What has brought about this change?"

"These states are no longer poor and have become less dependent; thus, they no longer need to follow the foreign policy approaches of poor states."

"An additional way of viewing the change in Caspian state behaviour is to focus on the authoritarian elites who run these countries: according to an array of scholars, these rulers need to maximize rents in order to perpetuate their regimes and systems of patronage (cf. e.g., Denison, 2012, Franke et al., 2009, Kusznir, 2012b, Meissner, 2010). Although we do not conduct such an analysis ourselves, we acknowledge that the rulers of these countries are seeking to prop up their regimes and feather their nests, as quickly and as richly as possible. This is particularly true of Azerbaijan, where the oil reserves are only expected to last another twenty years (Guliyev, 2015, Lücke, 2010). Most likely, the shift away from multi-vectorism in energy matters is a combination of the two factors: the authoritarian rulers across the region need ever-greater revenue streams and are better able to assert control as their countries’ economic performances have improved."

But, as we have discussed at length on this bb, Aliyev and his cronies may [continue to] see it as in their best interests to not only allow AAZ to continue to provide the substantial revenue stream as they have so efficiently and reliably [in contrast to Azergold] but to expand their operations and benefits thereof to both the nation and regime.

[sparkey_two] 25/7/2020 12:42

It will take a long time based on others experiences...

[mattjos] 25/7/2020 11:54

2sp .. its debatable as Spot Gold is continuously traded.
I've quoted the closing price that ADVFN show on its charts. IG Index charts show ATH Daily close as $1,907.5 on the night of Sunday 21st August 2011.

Let just have the handle formation now please :-)

[mad foetus] 25/7/2020 11:49

I like the MBS tweet but imo going into the dip down may be a game changer. I would not be surprised by production of 85-95k next year with AISC a little higher. But with gold so strong volume produced is much more important than keeping costs down. It's a time to be balanced on spending rather than frugal imo.

[bonio10000] 25/7/2020 11:46

Jim Rickards
@JamesGRickards
Interesting how no one can agree if gold hit a new all-time high today or not. Depends on your benchmark: COMEX? London Ring? Spot? Forward? Intra-day? Closing? Inflation Adjusted? In the end it won't matter. When gold hits $15,000 per ounce, we'll have a lot else to argue about.

[2sporrans] 25/7/2020 11:20

Matt

Which of the exchange closes is beholden to denote the POG record high?
London LME or NY?

Not important; just curious.

[2sporrans] 25/7/2020 11:18

Nice find Jaspoland

So MB-S figures out a fair value share price of about 270p for average $1700/oz POG production
at 2020 target levels. His PE comes out about 5 on this ticket which is very supportive.

[gold finger 1] 25/7/2020 08:33

Baddeal

This has been one of the longest running gold discoveries around.
--------------------------------

That is what happens when you have no money.
Look at their market cap,5m pounds.
They could never get finance or dilution for the 2m EUROS AAZis putting in to start with.
Conroy are lucky to get a JV partner at all.
But lets hope it works out for the two companies.

[jaspoland] 25/7/2020 02:46

Interesting breakdown on what AAZ figures would look like at $1700, $1900 and $2000. Think the asic is likely to be higher but even so the figures speak for themselves.

Also some interesting price targets for the share price

[mattjos] 24/7/2020 23:36

:-) No, just shows how sad I am but, after 5 years of anticipating and expecting this setup to occur in Gold, i do rather keep close tables on it as it develops.

We've got the Cup, now let have the handle please. C&H's, where the right lip is formed at a higher price than the left one, tend to be more even more powerful when the pattern completes.

Rising tide will lift all boats so, a monkey with a pin and list of gold mining stocks to pick from should be able to do ok.
I suppose if you were just now entering the space, you'd perhaps pick one with more operational or financial leverage than AAZ but, if you've been here for a few years already, even par sector performance should compound prior gains more so than trying to start afresh in something unknown + AAZ has a good margin of safety + attaching dividends if the pattern does not complete as expected.

Exciting but also worrying times ahead

[return_of_the_apeman] 24/7/2020 23:28

Thanks Matt - my research seems to be lacking the most important ingredient, facts :-)

Thanks for putting me straight

An all time weekly high though

[mattjos] 24/7/2020 23:22

Highest previous daily close for Gold was August 23rd 2011, when it closed at $1,904.75

[mattjos] 24/7/2020 23:05

excellent post bleepy .. very well put indeed. I do believe you have encapsulated the dynamic perfectly

[friendzarin] 24/7/2020 23:00

I only asked Bleepy because there will be no less expectations from the community in this part of the world to share in ecomomic success than anywhere else .We will of course be very willing to be up front on this and transfer our values to involve and help but local expertise is always invaluble.

[return_of_the_apeman] 24/7/2020 22:55

So gold just closed at a new all time high, I believe

Should give the press something to write about over the weekend

[bleepy] 24/7/2020 22:36

Get the impression that professor Conroy had the same dreams and ambitions that Reza held early 2000. Reza’s dreams, ambitions becoming a reality whereas Professor Conroy not so fortunate.

This JV with Aaz has a four leaf clover written all over it. No doubt the professor’s journey has accumulated a few disgruntled investors who maybe prefer to move on.

We all at Aaz know the bod and it’s course has been chartered by one man, Reza Vazeri.

And we now have him steering CGNR that has equal if not more potential than initially Aaz had.

The professor has now awakened from his dream now realizing with Aaz managing, the planned exploration programme will have them at production ready stage in 18mths.

And if during that 18mths exploration is pointing toward production they would be advancing a mine plan strategy to first gold pour during that 18ths.

[baddeal] 24/7/2020 22:20

Fz, I am hoping aaz mgmt will be able to achieve more. Conroy has achieved little so far other than talking a story. This has been one of the longest running gold discoveries around. What it needs is aaz's ability to get it to production just as they have done in Azerbaijan imo