Anglo Asian Mining Share Discussion Threads

[brasso3] 14/12/2015 19:39

Production news tomorrow? :)

[jeanesy2] 14/12/2015 19:34

The market was able to withstand a hefty sale today

[ferries5] 14/12/2015 07:31

unable to post link

[ferries5] 14/12/2015 07:30

New video of the actual presentation at mining capital

[...]

[cyberbub] 13/12/2015 21:36

Yes it was posted, notagain3

[notagain3] 13/12/2015 19:35

I don't remember seeing this before.
hxxp://www.azernews.az/business/90082.html

[umd] 13/12/2015 15:46

Guys - jeanesy makes some good points. It's about credibility but also POG. Concern remains amongst investors that POG will drop further (impact of imminent Fed move has a bearing) if so the anticipated cash flows change will not be as dramatic. Hence the lack of movement. I also think that investor relations needs beefing up - difficult for Reza to justify just yet when cash flow needs are elsewhere. I think if we can demonstrate that fundamentals have changed by Q1 16 then we should see some reappraisal of the value provided POG stays sensible.

[goodgrief] 13/12/2015 14:11

I would have said it's the gold market that is lacking in credibility!!

[jaspoland] 13/12/2015 13:53

Jeanesy I think you've hit the nail on the head.

[jeanesy2] 13/12/2015 11:40

Markets are supposed to look forward not back so it is a little worrying that the price is where it is, despite the general malaise of the market at the moment. I suppose that the market has yet to be convinced of the turnaround here especially as the company lost a lot of credibility when it kept missing targets not too long ago. I suppose we will see in January if the turnaround is gaining momentum. Fingers crossed for all holders here.

[brasso3] 13/12/2015 10:01

The market does not yet fully appreciate the reduction in operating costs to $736 in H1 and possibly down to $700 for H2. This will become clear in January. The debt level has remained steady throughout 2015 at circa $50m but now we should start to eat into that. I think $45m by January is possible. The market has no clue yet as to the copper production and again in January this will become clear.

In conclusion, by the middle of January there will be a transformation presented to the market and AAZ will look like a different company in my opinion.

[cyberbub] 13/12/2015 09:33

I agree Brasso logically.The debt level was the same 2 years ago and production was much lower, to offset the higher gold price. And yet the market cap was 5 times higher. It's just hard to understand why the share price is where it is. Mr Market often knows or can predict things. Sigh...

[brasso3] 12/12/2015 20:52

It was quite clear it was for expansion and not required for the existing facilities! Reza is a share holder with 30% of the stock. His interests are aligned with the rest of us. He has never done placing before so why would he start now?

[cyberbub] 12/12/2015 20:07

He did say in the interview that they wanted to raise $10-15M for the copper plant, but I got the feeling that this was for expansion and was not critical to keep the current production going? He also said they were seeking to raise it from debt not equity. Ultimately if the profits are rolling in to pay 'x' amount of interest comfortably, then a lender will come forward IMO. They may even be able to agree to extend the terms of the current borrowings so that they can take a capital repayment holiday for a couple of years?I can't see that our management would treble the shares in circulation at 4p in order to raise the money, when they have fought hard, and so far successfully, to avoid significant dilution. I suppose it's not impossible that they might be able to raise money at a premium, say 10p, if it looks like the copper price is on the turn? Or a convertible loan, £8M at say 8% interest with a conversion price of 10p? I suppose that an extra 80M shares would be a bit annoying, but the upside from 10p would still be very substantial for any investor IMO.But WDIK?NAI

[jeanesy2] 12/12/2015 17:21

I was quite impressed with the interview but what worries me here is the fact that it was said that we need money for the flotation process. If we borrow more at what rate? and if we go for paper that means further dilution at what is a very low share price. There was no buying of shares as i expected when the interview was in the public domain, so im not expecting much of a rise until the uncertainty is out of the way,

[mattjos] 11/12/2015 22:52

Wet concentrate shipments should now be going out as scheduled .. I'm assuming Net $50k per week revs, after processing costs, to AAZ .. $2.5m annualised just in wet concentrate. Oh yes, let's not forget the 72k gold production for this & next year.72,000 x Net $300 = $21.6mMkt cap is what? $8m

[brasso3] 11/12/2015 21:34

November production numbers should be released on tuesday - thursday next week. I think 6500oz gold is not an unreasonable expectation. Hopefully some surprising figures for copper will be published too.

[brasso3] 10/12/2015 04:48

"H1 costs were around $740 per ounce, Full year costs will be less than this"

"We are comfortable at current gold prices"

Nice Interview.

[mattjos] 10/12/2015 00:49

Cordwainer .. Look at the history of Gedabek .. When it was leach & SART. Then look T the re overs rates and consider how much was simply emptied into the tailings pond .. There us a sizeable amount there, if you compare to today's recovery rate

[cyberbub] 10/12/2015 00:27

The bottom line is the gold and copper prices. If they stay at the current levels or even rise 10-20% and stay there, we are onto a multi bagger. Conversely, if they fall 20% then we (along with most of the world's producers) are going to be struggling badly (financially, not operationally of course - operations seem to be going well).If the Fed raise rates next week, what difference will it make? Will it lead to a 2-3% jump in the dollar? Will the speculators use that to smash gold down 5-6%? Or do the current prices already reflect traders' belief that rates will rise, and there may not be much effect?Answers on a postcard.GLA NAI

[cordwainer] 10/12/2015 00:10

M, I confess I have no clue what that last sentence meant. You might as well have said 'reversed the polarity of the neutron flow'.

[mattjos] 09/12/2015 23:15

Personally, I would be quietly thinking: if/as/when gold goes back to a more sensible price, we are sat on a tailings dam with plenty of potential .. Look back on the history of Gedabek under AAz & just how much has gone into waste from heap & agitation. The gold will have slowly settled to the bottom of the tailings dam & will be ripe for secondary processing .. Either in-house or sold-on as an opportunity.Just wish they could have delineated the tailings pond pre-flotation.

[mattjos] 09/12/2015 23:00

Reza is a proven entrepreneur & has put in place a very competent team to run Gedabek & to do so profitably. This is not a 10 person company .. He has recruited a large and very, very competent team about him. I applaud him!What he does next ... Now that is the really, really interesting question.He's in the hole for nigh on 30% of the company & a loan to the tune of $4m .. Do you think he's sat there feeding the flotation plant of an evening?Cobblers! He's gone quiet of late & is letting his team front run the PR as he's busy. Something is brewing behind the scenes .. No way this guy is sitting about awaiting Gedabek to peter-out in 12 years time.Jan/Feb .. After Fed raise & Xmas is out the way & my guess is we'll learn the plan