Anglo Asian Mining Share Discussion Threads

[ferries5] 18/12/2015 09:10

I would think it will be Jan or Feb before you get any info on copper production.

[mattjos] 18/12/2015 08:59

Still nothing about the copper ... But, they are not obligated to report that monthly.

[ferries5] 18/12/2015 08:49

4890. troy oz for Nov

[mattjos] 17/12/2015 19:53

no data in that report on the Copper output so, actually rather meaningless. If we are still to be seen as a Gold miner then, one surely needs to say that Gold production was xx & Gold equivalent production (from Copper & Silver) was yy.

I said several months ago that the company would need to alter the way it reports its revenues and the make-up thereof. I suggested then that split according to processing methodology would be more appropriate but, now believe this would be better at the headline level

Gold Production: $
Au equiv. Prodn.(Ag, Cu & Zn by-product credits net of 3rd party refining costs): $
Total Revs: $

Cost of production (in-house, per gold equivent oz): $

Gross Profit: $

then the market will become less fixated on month to month physical gold production & focus more on the true nature of how the business is evolving.

my thoughts, fwiw. I just hope they don't spend as long doing this, as they did in publicly admitting that Gedabek is not all about the Gold

[brasso3] 17/12/2015 19:45

It means November production was down on October.

[jeanesy2] 17/12/2015 19:31

Does that mean that production in November was down on last year?

[brasso3] 17/12/2015 16:42

Looks like full year will come in around 71,000 - 72,000 oz now.

Gold Only:-
71,000 x $1100 = $78.1m revenue
71,000 x ($1100 - $736) = $25.8m operating profit

With copper and silver the profits after costs should be around $29m.

[brasso3] 17/12/2015 16:39

Azerbaijan increases gold production by 21%



Azerbaijan produced 2042.8 kg of gold in January-November, 2015

2043 kg = 65684 oz

[ilostthelot] 16/12/2015 22:07

Yes Brasso I'd agree. Debt reduction and profit is what's required before a substantial rise in the Share price. Imo

[mattjos] 16/12/2015 19:09

As the flotation plant output increases, it's the Gold Equivalent production that is far more relevant than just the headline gold figure.
The company reporting mechanism needs to switch to Gold Equivalency measures (if they still wish to be pegged as a gold miner) or, forget about which element is which and just say our revs were X and our costs were Y .. How that figure 'X' is made up become an irrelevancy.
Next year we'll be producing gold, silver, copper & Zinc .. What therefore is our primary raison d'etre?

[brasso3] 16/12/2015 18:27

Normally the headline reports the production from January to that point in the year.

Last month the headline was "production up 23%" for example.

Lets wait and see tomorrow but it looks like November has not been a great month. When we had a fantastic month in October (6700oz) the share price did not go up to this suggest the market does not care about production. The market wants to see profit and debt reduction...

[on target] 16/12/2015 18:15

It could easily mean a 20% increase on last month?

[brasso3] 16/12/2015 15:32

I agree, lets wait for the ABC news release.

Looks like gold production for November is down on October levels though.

Hopefully the copper will compensate for it.

[mattjos] 16/12/2015 15:27

insufficient data available as yet to draw any conclusions

[brasso3] 16/12/2015 13:57

"Azerbaijan sees 20% growth in gold production"

From Jan - Nov 2014 AAZ produced 54,141 oz gold.

A 20% increase means we are now at 65,000 - 66,000 oz.

2014 total gold production was 60,200 oz.

[brasso3] 16/12/2015 07:45

Nothing there yet...

[cyberbub] 16/12/2015 07:39

Anyone spotted the monthly production figures yet?

[mattjos] 15/12/2015 21:38

see what start of Jan brings:


free stock charts from uk.advfn.com

[mattjos] 15/12/2015 20:26

Still a mystery but, still Cantor camped on the offer as usual. Probably have to wait for calendar year end to pass before the order book might change. Hopefully the seller will need to shift the lot by 31.12 & there'll be a garage sale day 'tween now & then.The explanation in the video with regards the zinc content from Gadir (if I recall correctly) gives us where the feedstock for the smaller, as yet unused, flotation plant will come next year.Can you flotation process tailings from a flotation process?What processing route will they employ to extract the gold, copper and zinc from Gadir?I can't help thinking about just how much has gone over the edge into the tailings pond. I assume it will settle to the bottom. There must be a process or a third party by which the tailings pond can be re-processed at some point in time. It's a little nugget pond.

[jeanesy2] 15/12/2015 19:53

Another 160k sold today. Who is selling? I thought that the overhang had been cleared ?

[mattjos] 14/12/2015 20:54

Not really, if I am honest. Any business will look to lower its costs as/whenever it can, preferably without lowering quality or deliverability or longevity.To reignite interest in the stock, it's going to take more than that.I am more than intrigued as to why Reza is being rather quiet of late.We will have to wait and see what Bill is laying the corner stones for

[brasso3] 14/12/2015 20:26

Matt

Did the comment about full year gold costs being below $700/ oz not get you excited?

[mattjos] 14/12/2015 20:18

Watched the presentation a couple of timed. Bill is a reasonably safe pair of hands ... But, not an entrepreneur.It was sold by an accountant on the basis that 'we will survive' but, nothing said that would in any way motivate buyers of the company or, it's current known prospects/potential.I'm not being critical of Bill ... With the ammunition available in the public domain today, it was never going to a pitch for Reza. Bill has done a good job with the cards he's been give to play with right now.Clearly next year's costs are going to be really quite appealing.The real pitch ... That would/will require something significant upon which the majority owner/director can present with the necessary passion/enthusiasm/belief.This looks like a setup pitch to me ... Next year, show the market how the costs have really come down & the cashflow up .. & deliver something special in addition .. Stage is set Reza! What are you up to, please?