Anglo Asian Mining Share Discussion Threads

[mattjos] 15/9/2015 00:08

I think this article really goes to the nub of the challenge at Gedabek:



An Azeri Example; Dr. John Monhemius

27 different ore types at Gedabek!

The conference was back in June 2014. It was not long after that they announced plans to build the flotation plant coupled with the reserves upgrade.
subsequent to that the flotation plant capacity was upgraded (90tph) to match the throughput of the Agitation leach plant.

The look to have nailed down a process to identify the differing ore types they encounter in the mine (based on cyanide solubility) and will shortly have the necessary plant to cost-effectively maximise extraction of the Au, Cu & Ag.
I'd suggest it is currently virtually impossible for any broker analysts to be able to financially model how this will change the financial results for the company. If it works as planned, namely increasing the recovery rates of the Gold (whist reducing the cyanide costs) coupled with significantly increasing the Cu recovery then, the company could be paying back its debt much, much quicker than many believe possible. Higher grade ore contribution from Gadir and Gosha will sweeten the results even further .. and the Manat devaluation could effectively result in the FY operational cost savings funding the flotation plant, when examined retrospectively.

One senses the company finances are close to a major turning point in the coming 3 months ... IF, the practice matches the theory.

[mattjos] 14/9/2015 22:47

incredible view on Google Maps:

[brasso3] 14/9/2015 21:38

Surprised we didn't get the production update today. Tomorrow maybe...

[mattjos] 14/9/2015 21:31

August temperatures in Gadabay look to have trended comfortably above the average for most of August and first 2 weeks of September which should have been good for HL performance and no reason for weather to have impacted construction activities on the AL

[brasso3] 11/9/2015 19:23

Sure does. So AAZ have mined about 200,000 of those 65,000,000 oz to date. About 0.3% of the countries estimated potential reserves.

[mattjos] 11/9/2015 19:14

suggests we merely scratching the surface, doesn't it Brasso.
One of these days they are going to prove up the resources rather closer to the figures in the IPO docs

[brasso3] 11/9/2015 19:02

2000 tonnes = 65,000,000 troy ounces

[brasso3] 11/9/2015 19:00

Not sure if this was already posted as it is one week old now.

"The country began to develop its gold mines only recently and is operating quite modest volumes of output so far. However, the main positive trend is linked with the increased pace of output. Azerbaijan has increased its gold production in 2014 and also sped up the exploration of new deposits. The aggregate potential of all fields available in Azerbaijan is estimated at about 1,500-2,000 tons of pure gold."

[mattjos] 09/9/2015 20:45

Sorry, here is link to which I refer:http://www.zerohedge.com/news/2015-09-09/something-just-snapped-comex

[mattjos] 09/9/2015 20:45

Interesting event .. Ad yet, little analysis and conclusions that I can find but, unless I have misunderstood this, it suggests that the amount of physical gold available for delivery to the 'owner' just hit an all time record low or, put another way, paper gold claims just got even more out of kilter with what is available.It may be a reporting glitch but, there seems to be a consistent trend. Is market volatility persuading increasing numbers of folk to take delivery of physical & at same time other folk are increasing their paper bets on Gold?Surely some sort off schism is inevitable if this persists?I'm not sure anyone knows what happens if physical gold simply dries up completely.Russia, China and their respective satellite nations have not stopped accumulating gold since this whole mess started in 2007/8 .. China now reporting monthly its gold holdings and upped them again in August. This monthly reporting is a message, imo

[mattjos] 09/9/2015 12:37

Yes, August figures should surface somewhere in the AZ press next week.
Interim results the week after.

The company constructing, installing, commissioning and initially operating the new Flotation Plant (YPT - Yilmaz Proses Teknolojileri) is a Turkish company.

I see that Turkey has National Holidays for Kurban Bayrami from 23rd - 26th September this year & Azerbaijan celebrates the same event 24th & 25th September so, if I was the project manager for the new plant, this would have been in the project plan as an end date for the project ie. to have it up & running by then else there potentially the added cost/inconvenience of staff having to back to Turkey and then return to Az.

Q3 comes to an end this month so the planned and anticipated newsflow looks to be being condensed into a relatively short period within the next 3 weeks.

Since cash is tight, I'd be persuaded to get all the relevant information out within the Results RNS and save a few £ so, I'm guessing about 2 weeks to wait

[brasso3] 08/9/2015 08:04

Last week in September I think.

Production update for August via the Azer news websites next monday also.

[cordwainer] 07/9/2015 18:30

interims due 2 weeks from today?

[brasso3] 03/9/2015 18:09

Matt

Good post. I do not think a big investor like Basherov would tell Cantor to sell at any price though. He would have given them a limit and I think we are probably below that threshold. The valuation at present is ridiculous. As someone said the other day you will either lose everything or 5 bag from here. Nice odds and worth a punt (I see it as an investment).

[mattjos] 03/9/2015 18:03

Brasso .. I think more a case of the buying dried up also. He can't sell into no buying activity of any consequence.Despite the rising global risks at this time, Gold is still struggling to make much ground .. Seems to be an absence of liquidity everywhere at present - possibly summer hols related.Those that are familiar with the company and the current situation with Basher and his stock are simply going to stand to one side for the time being .. Certainly until he drops below 3%, if he bothers to advise the company. No way does he not know the rules. He didn't adhere to them when he bought in and he is not adhering to them on the way out. So, either a n other party is found to take him out in one hit or, an 'event' of some sort is required to cause significant buying volume to clear him out.Until either of these occur, the share price looks likely to remain flatlined ... Of course all this presumes that the company delivers good news and not bad.This needs some 5-6m volume days and they are most uncommon here

[brasso3] 03/9/2015 17:50

The selling dried up once we went below 6p. Maybe that is Bashirovs sell limit.

[jbe81] 03/9/2015 13:21

agreed Matt, hopefully in 6 weeks time share price has significantly improved

[mattjos] 03/9/2015 13:10

needs something to provide a stimulus to the price - either way. Stuck on a 10% spread, is deterring any buying.
If Basher still wants out, Cantor's brief does not yet seem to be on a 'hurry up' or 'at any price' basis so, it looks to me as if it will remain becalmed until news of the plant coming online and/or the results coming out.

In the last set of results, the plant coming on-line in Q3 was seen as an important factor in mgmnt forecasts as to cash position for this year so, I think we should safely assume it is a top priority for them at this time.

[jbravo2] 03/9/2015 12:08

Sure, we'll get some clarity of costs with the larger production base and devalued manat, but they won't be the costs with the benefit of the flotation plant. We're going to have to wait for full year results to even get a flavour of that.
I'd put satisfactory performance at half year cost of sales being c.$30-33m and revenue of $42-46m.
Even that should be good enough to signpost the turnaround to a few more but I suspect it will only really catch on once the results of the flotation become clear.

[terropol] 03/9/2015 12:05

Brasso I hope we get news before that. I am guessing before end of September.

[brasso3] 03/9/2015 11:25

In a months time we should have clarity on the floatation plant and operational costs.

[captain_crash_and_burn] 03/9/2015 11:24

A new thread a new start for AAZ, lets hope so.

Surprised to see us still at this low level considering the gold price is more or less holding together at the moment.

[jbravo2] 03/9/2015 07:33

Yes. Good idea

[mattjos] 02/9/2015 23:43

ok. i'll have a start in the coming days .... would rather wait though until interims are out and (we hope) some sort of a base put into the company financials from which it can start to build again