Anglo Asian Mining Share Discussion Threads

[brasso3] 19/8/2015 19:56

I think a $100 reduction in overall production cost is significant.

It will probably take 3 to 6 months to calculate the costs of the floatation plant and iron out any flaws.

[wigwammer] 19/8/2015 19:20

"The market needs clarification on the currents production costs."The market needs clarification on 2016 costs, using the flotation apparatus.The key point is - whether costs drop $100 or $300, the outcome is significant for a co trading at a snip sales multiple.

[brasso3] 19/8/2015 18:01

$1130 briefly!

[brasso3] 19/8/2015 16:52

$1129... Very lively today.

[brasso3] 19/8/2015 14:58

Gold at $1128...

[mattjos] 19/8/2015 14:49

Gold B/out

[brasso3] 19/8/2015 12:32

The market needs clarification on the currents production costs. This is understandable IMO but when that information gap is filled you will no longer have the opportunity to buy at 5p.

[jbe81] 19/8/2015 11:25

As I said before, good time to accumulate shares.

[wigwammer] 19/8/2015 11:18

His view is that of the market.I'm very pleased joe bloggs doesn't get it.

[jbe81] 19/8/2015 10:58

Think Matt understands the stock as well as anybody, the point is the market doesn't understand the stock.

[wigwammer] 19/8/2015 10:38

"With nothing to mark it out as any different to the rest of the crowd"You evidently don't understand the stock.

[brasso3] 19/8/2015 09:13

Gold at $1124

[mattjos] 18/8/2015 19:17

Possibly but, With nothing to mark it out as any different to the rest of the crowd AAZ likely now to succumb to the general market collapse in commodity producers. Gold looks like it is going to get stomped on by the dominant CB's at any sign of resurgence and 'events' generally are not yet sufficiently bad for it to escape that pattern.Operationally, the company appears to be doing all that can be expected of it this year and all that it has planned to do this year but, in the complete absence of any financial data whatsoever as to how this affects the all-important cost of production, valuing it on anything other than hope or break-up value is impossible. Even the next set of results will be solely backward looking on a period without the new plant making any meaningful contribution.

[jbe81] 18/8/2015 19:14

Hope in 2 months times things are looking much better

[jbe81] 18/8/2015 19:09

Can change very quickly Matt, or not! Think it is still a good buy at these levels.

[mattjos] 18/8/2015 18:45

Where indeed! Or any photographs on the company website.Still inadequate buying volume to remove Bashirov from the register, despite the seeming lowly valuation. Have to assume that he is still in the background looking to offload and so the waiting will persist and so too the reduction in value by the looks of it.The company & it's advisers need to step up their efforts to find a buyer to take out Bashirov else risk a much more general loss of confidence on the market.Few reasons for cheer at present

[brasso3] 18/8/2015 12:10

Half way through Q3. Where is our RNS on the floatation plant... :)

[jbe81] 18/8/2015 12:07

Looks like Cantor are listening Matt

[mattjos] 17/8/2015 15:13

14% spread on the stock is ridiculous atm. come on Cantor, if you've got stock to shift then offer it lower and make a market as you are supposed to do

[ferries5] 17/8/2015 12:11

Small article in the business year.

DIG DEEP

Azerbaijan 2015 | INDUSTRY & MINING

hxxps://www.thebusinessyear.com/azerbaijan-2015/dig-deep/b2b

[mattjos] 17/8/2015 09:55

Q3: 16,100 | Q4: 17,000 = 33,100
33,100 / 6 = 6,620 ave per month for H2 2014

6,620 x 5 = 33,100 (as a straight projection of the remaining last months of this year)

42,600 + 33,100 = 75,700 (projection for the full year)

Add in the anticipated circa 5,000 oz from the Flotation plant & 80,000oz would seem achievable.

At average pog $1,100 for the year that gives $88m revenues.

Obviously we do not yet know how the rest of the P&L will pan out but, a mkt cap @ circa 10% of the total revenues of the business seems bizarre.

[brasso3] 17/8/2015 09:41

The new plant is expected to produce an additional 5000oz of gold per year at $100 per ounce costs. That would be a 7% increase in production and those cost savings should reduce overall gold production costs by $50 - $75 per ounce. Could AAZ be down to $800/ oz all in costs by year end...

[brasso3] 17/8/2015 09:03

Wimbled

I think we should find out in October but not an unreasonable assumption at present. I think by year end it should be possible to reduce to debt to $35m.

[jbravo2] 17/8/2015 09:03

I make it 6700oz, but close enough for no difference.
I "think" costs will be below $900 and about to fall further with the new plant.