Anglo Asian Mining Share Discussion Threads

[philo124] 13/7/2015 09:08

Very good update and progress.

[brasso3] 13/7/2015 08:33

A bad market day for news with the Greece situation. I think they will have to take it higher if they want volume. MMs do not understand this concept!

[cordwainer] 13/7/2015 08:03

unfortunately the MMs don't want to encourage any trading, it seems.

[jbravo2] 13/7/2015 07:49

Great result. More to come. Next quarter is historically strongest of the year. Q4 will be good too with the new plant. Could beat the estimates as stated.
All good from here on.
:)

[bleepy] 13/7/2015 07:47

Excellent progress and update.

[cordwainer] 13/7/2015 07:45

Congratulations AAZ, keep up the good work, target could well be beaten.

[brasso3] 13/7/2015 07:11

Great update!

Gold production just shy of 19,000oz.

Debt reduced by $2m.

Gadir progressing.

New plant nearly operational.

[jaspoland] 12/7/2015 10:34

Thanks Brasso for clarifying

[brasso3] 12/7/2015 10:15

The quarterly production figure are always announced via RNS. Q2 will include April, May and June production.

"In light of the expected H1 2015 production performance (full Q2 2015 production figures will be announced in July 2015)"

We normally get insight into the monthly production from the Azerbaijan news websites around the 12th - 15th of each month.

[jaspoland] 12/7/2015 10:00

Question. Are we expecting Q2 figures to be announced as an RNS? AGM statement mentioned it would be announced in July so I'm assuming so. Others agree?

[mattjos] 10/7/2015 14:58

even with a stupid spread there seems not to be much to be had

[brasso3] 10/7/2015 13:05

Has the summer sale come to an end...

[jaspoland] 10/7/2015 12:41

The 130k this morning was me moving the last of my holding into an isa. Onwards and upwards hopefully from here.

[brasso3] 10/7/2015 09:29

We can expect the quarterly update from Monday onwards.

It looks like it could coincide with a good week on the markets as the indications are the Greece mess might get resolved.

[mattjos] 08/7/2015 23:57

Bras so .. The closing auction today suggests little of size on either Bid or Offer in/around the days spread.I assume the closing price merely reflects participants just sitting on their hands. Either a buyer got lucky for a few or, a seller was unlucky for a few. Given current market conditions, this looks most likely to remain in virtual hibernation until the monthly figures are released in Az press next week and just the MM auctions to set a price

[brasso3] 08/7/2015 20:01

Divmad

You would obviously be relying on him selling out completely in that case. The lack of stock available in the last 5 - 7 trading days suggests he is either finished or not willing to sell at this level.

The quarterly production update will be out next week and we are fairly confident it will be in the 18,000 - 19,000 oz range.

The new plant is nearly finished and will be in operation in Q3.

[divmad] 08/7/2015 19:36

I wouldn't be in too much of a hurry just yet. His selling started when the share price was around 12p and got as low as 5p. With some 4mn odd still to sell, I expect a choppy sideways action to follow, bound by 5p and 8p barring a significant shift upwards in the POG. So pick your spot!

[brasso3] 08/7/2015 19:20

He is nearly out of the way. Now is the time to be buying.

[mattjos] 08/7/2015 13:07

so, 7m sold over the last three months. If he's going out completely there's only 4.5m to go. Does look, to me anyway, like Cantor has been the selling MM on his behalf.
Couple of good volume days on some good news should see the back of him now + now he knows that the company is watching the situation, he should be rather more forthcoming with his Holdings declarations.

4m shares should be easily handled by the company broker in a party to party transaction

[hedgehog33] 08/7/2015 12:51

RNS.... does it mean Bashirov's actually finished selling though...?

[wigwammer] 08/7/2015 08:51

I would think, post the extreme devaluation of the manat, that certain shareholders had little choice but to liquidate what they have to meet usd liabilities.