Anglo Asian Mining Share Discussion Threads

[mattjos] 13/5/2015 15:21

Silver also & copper holding recent gains

[terropol] 13/5/2015 15:13

ZOOMING up at the moment.....Mattjos.
It will nice if it keeps pushing up.

[mattjos] 13/5/2015 14:51

Good week for gold

[terropol] 13/5/2015 13:05

Time to buy is now that no body is buying....on good news and sentiment change shares will be difficult to buy...If you believe in this company,The chance is now!!

[brasso3] 12/5/2015 21:44

Hopefully we will get the April production figures by friday which is more important than the results.

[mattjos] 12/5/2015 16:04

Brasso .. simply a lack of buyers at present ahead of (poor) anticipated results and the flotation plant commissioning.

Any that have tested the water will have observed, as recently posted, that there is no shortage of stock for sale so, likely concluded someone else can take up the slack absent any positive news item in the interim.

They seem well behind with updating us on exploration developments at Gedabek but, probably the debt payments are a bigger priority at present.

Best described as in a state of somnambulism, I think

[mattjos] 12/5/2015 15:49

Greece is becoming an ever greater farce this week.

To make the €750m payment to the IMF, Greece had to use its €650m emergency debt facility with???? Yes, you guessed correctly, the IMF.

That suggests that Greece could only cough-up €100m of its own money.

Seems like a combination of smoke, mirrors, rabbits, hats and conjurers. Who exactly do they think believes they are anything other than bankrupt?

[brasso3] 12/5/2015 15:43

Gold goes down. AAZ goes down.
Gold goes up. AAZ stays the same.

[terropol] 06/5/2015 10:55

Mattjos, with a holding over 3% i would think every reduction or increase in holding should be reported to the market...
Bashirov only one with a big holding after directors, See what the future lights up....

[mattjos] 05/5/2015 16:54

Yup, no matter what the price / value there are always both sellers and buyers. Cantor still the MM with the stock to sell it seems

What are the thresholds for notification ownership on AIM?

Bashirov last advised of sales Oct 13 when he went from 18m to 12.7m. There has been occasions for him to unload more since then but, likely not all of them.
Having crossed below 12%, what's next level that he is obliged to report?

[jbravo2] 05/5/2015 16:35

The big seller is still here though. You could buy 250k on a fixed quote which is very unusual. Your buys are then roughly matched with some sells to equalise the stock at the end of the day. As today evidenced. It was the same last week.
Further price pressure is therefore likely. I'll wait to buy more.

[mattjos] 05/5/2015 16:25

agree, Terropol.
Mkt cap still way below value of stock, let alone the Plant & Equipment at Gedabek.
I assume some will be waiting for the FY results to be out of the way first, later this month.

Am still hopeful they will complete the flotation plant ahead of the targeted date

[mattjos] 05/5/2015 16:22

Copper hits highest price so far this year, today

[terropol] 05/5/2015 15:49

Correct Brasso. and a market cap of £6.8m
The market sentiment will have to change soon... we should be able to get a profit after all costs of about $20.000.000 this 2015 year. That should help taking borrowings down.

[brasso3] 05/5/2015 14:20

The next quarter should be a game changer for AAZ. If they can get to around 19000 - 20000oz that would be a big statement. A little help from gold say to around $1250 would be a nice bonus on top.

We will obviously be in this area somewhere:-

18000 at $1200oz = $21.6m
19000 at $1200oz = $22.8m
20000 at $1200oz = $24.0m

[terropol] 05/5/2015 10:45

Very possible Brasso. And sale of the copper they had in house should be good for cash flow....

[brasso3] 05/5/2015 06:36

Thanks

Something around 6500-7000 oz would be nice for April.

[terropol] 04/5/2015 23:06

Brasso about the 15th of the month.

[brasso3] 04/5/2015 20:41

What date do we normally get the monthly production figures for Azer?

[mattjos] 01/5/2015 16:27

temperatures warming up now in Az, into the 70's next week

[terropol] 01/5/2015 10:23

Copper today at $6313, that looks better....we had quite a bit of copper to sell and production to ramp up soon.
That should help profits wile reducing overall production costs.

[mattjos] 28/4/2015 23:29

pls correct me if iam wrong but, are we not still awaiting results of P108 and P109 drills in the Gadiz area, north of Gedabek?



They drilled 106 in Oct 13 and the results were made available to us in Jan 14
at the same time that drill 107 was just completed.
They planned to go back and drill 108 & 109 during Q1 2014 and follow up with Inductive Polarisation targeting sulphide ores, once the weather improved.

In October 14 they announced the plan to build a small scale flotation plant with a view to increasing copper recovery from the sulphide ore. Then, in March this year we are told the flotation plant is to significantly increased from 20tph to 90tph (now parity with throughout of the AGL)

"The modified small scale flotation plant will have the flexibility to be configured for various methods of operation. It will be able to process the stockpiles of high copper sulphide ore as initially envisaged. However, it will now also be able to be configured to treat ore feed to, or tailings from, the agitation leaching plant. In such configurations, the plant would no longer be a pilot but an integral part of the agitation leaching plant."

I'm merely speculating that the further exploration at Gadiz has identified more Sulphide Ore with hi levels of gold present, for which they know they will first need to strip away the copper from the sulphide ore before they can then cost-effectively get at the elevated gold levels identified here, hence the decision to expand the flotation plant.

So, once operational, they can re-process the stored AGL tailings (already ground to correct size)to increase the recovery rate from this and also look to pre-treat the future AGL feedstock, by running it through the flotation plant.
Throw in to all this the heap leach operation, ore from Gosha and the SART plant and then the need to move the spent ore to its final resting place & that is quite some material flow and process 'route map'.
Would be nice if the company could share with us its 'decision tree' that determines what goes ore where and in which order, according to what is delivered to the processing area
Reckon their conveyor belt supplier is doing ok there.

[mattjos] 28/4/2015 18:30

Determined to trey and keep Europe together it looks like the politicians will try to find a way to keep Greece inside Europe but, at the same time, outside it like a 'special case' for a period of time.
One deadline after another is met and pushed back. Now the Greeks have tried to change the players they put forward to the negotiation table to see if that can buy them a bit longer. At the same time, having just raided the bank accounts of all the state institutions with surplus cash parked outwith the central bank, they today offer their citizens the opportunity to willingly repatriate funds from offshore in exchange for a reduced tax rate and immunity from prosecution. This looks like the first step before they then enforce some sort of repatriation of Greek citizens offshore cash back to the government.
Were that to be seen to happen then, there'll be plenty who conclude they'd rather be holding gold in such a climate as they may better resist the efforts of government to confiscate it.
We cannot keep printing ever larger quantities of money, which is in turn then further multiplied through the fractional reserve banking mechanism. We'll be knee-deep in bank notes soon .. everyone will be a millionaire, in the same way that everyone used to be an Italian millionaire when they had their Lira paycheck each month.

[brasso3] 28/4/2015 16:00

Gold at $1215...