Anglo Asian Mining Share Discussion Threads

[2prsimo] 17/11/2015 09:20

Looking a sick puppy this one - bad news in the offing?

[horneblower] 17/11/2015 09:07

To put the gold price into perspective, today's price of around $1,100 an ounce is the same as it was six years ago.

But six years ago it had risen an astonishing 450% from what it had been in 2001 when the price was $250 an ounce.

Now obviously there has been some inflation, however the price of commodities is generally unaffected by inflation partly due to the increased efficiency of extraction.

If the price falls to $800, as is widely predicted in the industry, it will still be way ahead of long-term, global inflation.

[cyberbub] 16/11/2015 23:55

Horneblower I think you are too pessimistic. At $800 gold, half of world production would go offline. Demand for gold has not vanished.Just my view anyway.

[brasso3] 16/11/2015 06:54

Not yet. They do not usually release them on a monday so it might be tomorrow.

[mattjos] 16/11/2015 03:00

Have we got the mo they production figures in the AZ press yet?

[cyberbub] 15/11/2015 18:04

The technicals seem to be turning positive at the minute... 14-day RSI dropped into oversold territory and now inching northwards again... MACD looking like it's going to go positive soon...

...and even with the uncertain path of the POG* it's hard for me to understand why the fundamentals are not putting the share price at least at 10p...

...maybe it will come in the run up to the Q4 results in about 7 weeks...

GLA NAI


*personally I think at least a bounce in the POG must be due soon, after 2 weeks of relentless daily falls? Would be nice to see us back over $1100 anyway... touch wood...

Terropol, if you know the directors, have they ever considered hedging some of their production? AFAIUI the company has no hedges in operation. Hedging half of next year's production at say $1050 would seem a good move to me... anyone else agree?

[philo124] 14/11/2015 17:50

Or BT infinity in central cirencester.

[horneblower] 14/11/2015 10:13

Mattjos,
That's great.
Now if they could just provide cell-phone coverage on the M3 and rural Hampshire!

[jbravo2] 14/11/2015 09:40

Wimbled - the 102koz isn't a yearly production forecast. It is the amount of gold they have sitting around in ore suitable for the flotation plant.

[mattjos] 14/11/2015 01:35

Just wanted to prove that you can get connected to wi-fi on an Emirates A380 whilst over NW Australia and post here!

[horneblower] 13/11/2015 18:22

Sadly, I feel gold is more likely to be towards $800 sometime next year.

[wimbled] 13/11/2015 18:05

The link suggests;

1. 2016 Equivalent production 102000 oz gold (assumes Cu and Ag in the calculation)
2. Earnings before tax ($35.1M)

My maths assuming POG @ $1100 and all in Production Equivalent is 102k oz.
Gives 2016 revenue = $1100 x 102k = $112.2k.

All in costs = ($112.2k - $35.1) = $77.1M to produce 102k oz

Makes all in cost per Au equivalent = ($77.1M / 102k oz) = $755 per oz.

Looking good, we should have a sustainable business. Assuming the above is correct.

[jbravo2] 13/11/2015 17:41

Errr.... You don't say Mr Holmes?

[jbravo2] 13/11/2015 15:43

EBITDA for 2016 forecast to be $35m. Flotation plant is key to cutting costs... Err.... NSS

www.proactiveinvestors.co.uk/companies/news/119053/anglo-asian-mining-s-flotation-plant-is-key-to-cutting-costs-says-sp-angel-119053.html

[jbe81] 13/11/2015 15:38

hopefully good figures and a good week of buying next week

[brasso3] 13/11/2015 15:10

News on monday through the AAZ press.

[martincc] 13/11/2015 14:29

May be too early to predict a turnaround but worth keeping an eye on trades.
1 mm moved up to 5p bid at 14:00, 1 mm left on offer 5.25p (then 3 @ 6.5p)
Can buy at 5.1p at the moment.

[cyberbub] 13/11/2015 13:33

I agree jbravo as mentioned above. If the company is now genuinely making $2m+ per month cash flow then everything is clover... I guess we will find out with the next quarterly results in Jan.

[jbravo2] 11/11/2015 19:23

The money due before year end is in the majority payments to ATB. Payments are made on the 16th of Feb, May, Aug and Nov from memory. Clearly we made Aug's and lacking any announcement come the 16th we will be able to say we made November too. That is payment 4 of a 15 payment schedule.
The AZ banks will make up the rest but we are on a reduced payment there til year end (see previous RNS')
It is my guess Reza's loan will be rolled over slightly longer than the current due date of Jan.

[bsg] 11/11/2015 14:19

buyers getting below mid, can't sell any on line. Not good.

[cyberbub] 11/11/2015 13:51

PS my dummy trades suggest that all 3 small trades today are buys...

[cyberbub] 11/11/2015 13:50

I can't sell a sausage at the moment without going to NT... However, at the same time I can only buy 150k shares too... so not a huge amount available to buy... very illiquid of course with such a high proportion held by directors and large PIs... We need some good news in the coming few weeks, and then the illiquidity may start working in our favour...GLA