Anglo Asian Mining Share Discussion Threads

[jeanesy] 04/1/2016 10:52

I think you will find that 80k of those are buys, so not really sure for the drop at this stage. Still a chance for some to buy a bit cheaper. Fingers crossed for game changing news next week. Perhaps it has fallen because of the very cold weather in the region recently .The weather is now set to warm up though.Good luck all in here!

[jbe81] 04/1/2016 10:40

Ah yes, more sells on the isdx, at least gold is having a good day!

[jeanesy] 04/1/2016 10:34

Sorry but tick down as i expected. Why sell when we are so close to hopefully good news?

[brasso3] 04/1/2016 10:32

9 days and counting...

[jbe81] 04/1/2016 10:20

Think this will be going up Jeansey not down.

[jeanesy] 04/1/2016 10:13

That's another buy reported as a sell

[jeanesy] 04/1/2016 09:55

Surprisingly you can now buy below mid. Perhaps a large sell order to fill or a tick down on the way.

[jbe81] 03/1/2016 22:23

As it stands I believe AAZ is a multibagger, that would be a gamechanger.

[mattjos] 03/1/2016 22:08

No idea whatsoever, jbe.Up until this year it's been Reza who has 'fronted' the company PR and its efforts at Gedabek. I believe, Gedabek no longer calls for the entrepreneurial leader of the company to continue fronting it ... They've got pretty much what is needed now to be able to successfully process the resource (& got all the kit under the guise of being a gold mine while it has slowly morphed into a Copper mine).I simply sense that Reza strongly believes in the team & equipment he has assembled & can leave Gedabek & its immediate satellites now to them. As it stands now, it will comfortably pay off its debts.For the company to continue to grow & achieve mid-tier size, now is the time for the next big step forward and that requires Reza's skills and network to achieve ... We'll have to wait and see but, I don't think it will be too much longer now before we hear something

[jbe81] 03/1/2016 20:13

Matt, joining the dots, what do you think would be the effect on the sp?

[mattjos] 03/1/2016 19:42

Thanks jbravo. Jeansey ... Am trying to 2nd-guess what's going on over there:Reza has been notable by his absence of late & it is well known how good is his relationship with the president.The AZ central bank has blown 50% of its reserves trying to defend the manat during 2015The govt has a stated intent to build the country's gold reserves & refers to the country's ability to produce circa 400-500% more gold per year than it is currently managing to do.Chovdar is less than 100Km away from Gedabek but, as far as I can ascertain & despite a $2.5Bn resource & ready to go plant on site, is not producing any gold.AAZ is the only operational gold mine in the country & has a pretty competent team assembled now with some very specific skill sets.Reza has chipped in $4m of his his own money recently .. That's a very big & visible show of commitment to those observing the situation.

[jbravo2] 03/1/2016 18:59

Far from sure mattjos. I seem to remember Reza saying something along the lines of us being the sole producer in Azerbaijan again whilst addressing the AGM. It was whilst he was talking about how all gold companies were under the same pressure etc. I took it to mean that Chovdar had shut. I forgot to follow this up with him whilst chatting to him afterwards and I've never asked about it in my email correspondence either.
Terropol, fundfemale, do you remember this?

As I say devaluations to the manat may mean it is now old information anyway.
I suspect, but don't know, it was simply unprofitable as the proportion that the legitimate company were taking was smaller than is our case. I have vaguely in memory that they were trying to work Chovdar on a straight 50/50 right from the off. If that is the case then it would easily explain why it shut. I'm afraid this is all from memory so is only as reliable as my memory and my interpretation of some inferences and of the original articles I read.

[jbe81] 03/1/2016 17:37

Reza has always maintained AAZ would become a mid-tier gold mining company..

[mattjos] 03/1/2016 17:33

Are you sure about that jbravo2?Chovdar was long touted as a $2.5Bn asset. They spent a huge sum of money getting it to first gold production back in 2012/13. (From memory well over $100m).That's a big in-ground asset and associated mining plant sat doing nothing, if true .... Not exactly far away from Gedabek either, is it?I appreciate the ownership issues you alluded to. AIMROC seems to have employees engaged in exploration (if you dig around on LinkedIn).This was an interesting interview from 2013 (Allen Gordon no longer with AIMROC):https://www.thebusinessyear.com/azerbaijan-2013/beyond-the-surface/interview

[ferries5] 03/1/2016 12:57

That is interesting about Chovdar, There was an article in ABC a good few months ago. It said there would be only one gold company in Azerbaijan and the President was to personally oversee it. Sent the company an E-mail about it but got no response

[jbravo2] 02/1/2016 09:57

The 10-15t/yr figure is long quoted but no idea where it is derived from. Finger in the air stuff I reckon.

Last I heard Chovdar wasn't operating anymore. Couldn't make it work at the gold price. However since then there has been the two devaluations of the manat. That may well change things.
Shouldn't think you'll ever see production figures and the like though as it wouldn't be in the interest of some of the owners to publicise the data too much. Scrutiny and all that etc.

[mattjos] 01/1/2016 15:23

Why do they put this last sentence into this report?"Azerbaijan increases precious metals extraction by 12% with 21% growth of gold production ................The Environment & Natural Resources Ministry estimates that the country is able to produce about 10-15 tons of gold per annum."http://abc.az/eng/news/92962.htmlGedabek is producing less than 25% of this figure. There seems to be a complete news blackout on what is going on at Chovdar.From where / How does the E&NR Ministry get its figures from?

[jeanesy] 30/12/2015 12:32

All very quiet here. No trades so far. People happily making money elsewhere for now. Another day closer to news

[mattjos] 29/12/2015 20:44

I try to keep the header up to date .. On/around 14 Jan for next scheduled update& more details re the manat depreciation.

[brasso3] 29/12/2015 16:19

About 10 trading days I think...

[jeanesy] 29/12/2015 11:46

A nice buy of 100k gone through this morning. Not long until news here

[zhockey] 24/12/2015 16:19

And to you!

[terropol] 24/12/2015 01:36

MERRY CHRISTMAS to All.

[mattjos] 23/12/2015 14:47

Not long to wait now before we hear how the year ended up for AAZ & more details on how the manat devaluation will assist in lowering costs.
Plenty here to keep investors interested for the upcoming year.
I believe 2016 will prove to be the year this decline in share price is halted in its tracks and a new powerful uptrend emerges.

For now though, Merry Christmas to all at the company & to all investors in the company.
Good health and happiness for 2016

We're shutdown now and off for a few Timmy Taylors at the local hostelry up here in Derbyshire :-)

[brasso3] 23/12/2015 14:33

When the Manat was devalued in March 2015 from 0.75 to 1.05 verses the US dollar AAZ said that would result in a $6.5m reduction in operating costs for 2015. Gold production for Q1 was 17,200oz and the target for the full year was 70,000oz. To reach that annual target AAZ needed to produce 52,800 oz in Q2 to Q4. That $6.5m saving translates to $123 per ounce.

The recent devaluation of the Manat from 1.05 to 1.55 should result in an even bigger saving per ounce. I estimate it is around a $150 - $175 reduction.