Anglo Asian Mining Share Discussion Threads

[mattjos] 09/12/2015 22:53

The bull points:- they are now, finally, fessing up to the true mineral nature of Gedabek ... & it is quite exciting, imo.- they are now admitting to the Zn available at Gedabek & therefore what the initial smaller flotation plant will be used for (as if we did not already know).- generally, the penny had dropped amongst operational management as to how Gedabek needs to be viewed & the necessary changes are predominantly now in place to manage t accordingly.The curiosity:- Gedabek is no longer a mine that requires an entrepreneur's input. Debt is this, break even is this, profit is this .. Kit is in place to do the maths .. Get on with it. It's an ops challenge ......

[mattjos] 09/12/2015 22:46

Nice interview
The guy is clearly not the entrepreneur trying to drive the business. He is an accountant &, frankly. I'm glad he's out man. As CFO's go, he's literate, credible & folk can empathise with his intent & honesty. Good choice Reza. If you don't want him, I do!
The bear points:
- it was always daft to think of Gedabey as a gold mine & not a Copper mine. I've argued that for nearly 3 years now .. The Siemens brothers had it right first time around & I simply conclude that Reza tried to use the Gold euphoria to distract attention from the core asset there.
- they are now admitting to bumping their heads on the ceiling of production. From here on, as far as gold is concerne st Gedabek, production has maximised & it's about lowering the cost of production .. And they will easily achieve that, on all that we know.

[ferries5] 09/12/2015 22:01

More money required, They are not sure how it is going to be funded.

[terropol] 09/12/2015 16:26

Mattjos, I think the Azeri government sets the price of diesel there...and not dropped the price yet.
But currencies are collapsing all over the world...Gold will be in big demand again...

[ilostthelot] 09/12/2015 11:47

Always the chance gold could fall all the way back to under 800 before the bubble bursts on the paper gold market.

[captain_crash_and_burn] 09/12/2015 11:41

not fully appreciated?

It is not appreciated at all :(

[mattjos] 09/12/2015 11:27

No love for the sector at present but, I'd agree with you jbravo ... AAZ seemingly not fully appreciated but, that should change next year
Still adding to my position on days like this

[jbravo2] 09/12/2015 10:30

What else is there to say?
The flotation plant is continuing to be fed with the tailings from the AL plant. They continue to refine the process to get it working to maximum. I don't think it'll contribute 5000oz by year end but we will still hit the 72-74k target.
The loan payments have been made.
We should still make tons of money next year if the prices stay at these levels.
Whilst it wasn't spelt out I expect Reza's loan to be rolled over for a few months into 2016. No point repaying it if we only have to reborrow part of it for Febs payment.
The Gadir mine is looking really good but lets face it we don't work like the big companies. How it turns out is only uncovered as we literally dig it out. Gadir is looking better than hoped whilst Gosha continues to be hard work with the narrow veins.
There is absolutely no talk of equity for Ordubad. Bill wasn't sure of how that chat came about. And lets face it, it never made sense. Reza would lend $4m of his own money rather than raise equity at 10p but will hand away shares at 4p?
No chance IMO.

And lastly, just to emphasise, at these metal prices we will make multiples of our market cap in profit next year.

[brasso3] 08/12/2015 23:49

15th of each month (+/- 1 day).

[cyberbub] 08/12/2015 23:33

Well we should find out next week again, who is right, Mattjos, when we get the locally published gold figures again?

[mattjos] 08/12/2015 22:28

The Azerbaijan Manat is now coming back under serious pressure with the continued decline in price of oil.
The CBA reserves have thus far declined over $7Bn YTD in 2015 (that's 54% decline) as a consequence of the CBA intervening on the forex market to try and shore up the manat.
I would not be surprised to see another currency devaluation in the near term given the vicious move in oil this month.

Reza has already pointed out the +ve financial impact on the company's input costs. Not forgetting how much they must be saving on the cost of diesel also.

Jeanesy, the new flotation plant (& its % contribution to the overall Gedabek output) is located 'indoors' so to speak & is mainly processing the output from the also 'indoors' agitation. I do not anticipate such a negative effect this year, as compared to previous winters when production was dominated by heap leach

[cyberbub] 08/12/2015 20:21

"Our"? Do you hold AAZ jeansey?

[jeanesy2] 08/12/2015 19:50

The weather in the region is about to turn sub zero night and day which will affect our production rates.

[brasso3] 08/12/2015 18:36

Come on JBravo!

More please?

[jbe81] 08/12/2015 11:35

Anything else to report jbravo?

[cyberbub] 08/12/2015 10:01

Thanks for the report - encouraging...

[jbravo2] 08/12/2015 09:49

I went to the Mining Captial event yesterday. As I presumed the ATB payments have been made.

[cyberbub] 06/12/2015 19:28

Yes the underground mine is open and has been yielding excellent grades of 9g/t gold AFAIR?

[jbravo2] 06/12/2015 17:53

We have made the main payments for the year already.
I'm afraid that info on the loan isn't right.
The total term is 58 months. Payment isn't monthly. Payments started only at month 16 with the first of 15 quarterly payments. We drew the loan in Oct 13 meaning first payment was Feb 15. We have now made the payments for May, Aug and Nov. There are now 11 payments remaining and so we finish in Aug 18.
We have had no notifications of missed payments so I'm not sure why people would be assuming we've missed any.
The underground mine is open jeanesy.

[terropol] 06/12/2015 17:33

The Big loan was taken out on october 2013 if i remenber correct. it was $37m

to be repaid in 58 lots, 1st, jan 2015. End of this years payment could have been made already.
If they not met payment they would break covenants and would have to notify market.
So Relax "JEANESY2".
all should be well over there.

[brasso3] 06/12/2015 10:42

I think the $1m a month in copper sales should be helping towards that debt repayment. Oh, and the $7m a month in gold sales will probably help too!!!

[jeanesy2] 06/12/2015 10:32

Do people think that the company will be able to meet its debt payment of £5 million due by the end of the year? If it cant meet it does that mean that its the end for AAZ ? There was talk of a new underground mine ? Is anyone going to the presentation tomorrow?

[terropol] 04/12/2015 22:26

Yes Gold starting to shine.... now keep going...UP