Anglo Asian Mining Share Discussion Threads

[zhockey] 19/1/2016 17:08

On an earlier video he said sustain I believe, would be very happy if Au production increases but they were talking in the context of shifting to Cu production so that is not how I read it. Maybe someone can email for clarification?

[jbe81] 19/1/2016 17:00

Which makes me think after that they will be significantly higher

[jbe81] 19/1/2016 17:00

Correct, bleepy

[bleepy] 19/1/2016 16:40

In the video link posted by Target above Bill is referring to production targets for gold over next 2/3yrs, stating 72k-74koz or better.

[jbe81] 19/1/2016 16:08

Zhockey, nobody acquiring today! Is that video where you got the 2 years of reserves from?

[zhockey] 19/1/2016 15:59

Red roof, some folk are happy the share price is low if they are aquiring

[on target] 19/1/2016 15:48

Thanks will have a listen.

[ferries5] 19/1/2016 15:44

On target yes

[on target] 19/1/2016 15:38

Is it this one ferries?

[captain_crash_and_burn] 19/1/2016 15:35

Nopt sure what it will take to get this share price motoring, I just hope they stop spening any more money to increase in size for a while and just focus on paying down the debt as the market seems to have an issue with the amount of debt at the moment.

[captain_crash_and_burn] 19/1/2016 15:34

cyberbub your comment on bill coming across as ponderous is perfect, I couldn't agree more lol.

[ferries5] 19/1/2016 15:32

On target use the Link on post 1101 on this board

View video. Finance chief on copper plans. He states it there

[on target] 19/1/2016 14:52

ferries5, do you have a reference/link for $10-14 million being required for the floatation plant? My understanding was that it was finished and commissioned?

[red rook] 19/1/2016 14:48

zhockey,

Its great to hear from someone who is not concerned about making money on their investment, and that you are happy with the situation. I'm sure company directors all across AIM would love to have more shareholders like yourself on their investor's list.

There is nothing short term about the flat-lining of the AAZ share-price. Also, although AAZ may have no plans for equity raising they are talking about a further loan and refinancing. Obviously, you have not negotiated a financing package. If two companies go to a lender, one with a share-price/market cap which has flat-lined and the other with a buoyant and rising one, which would you expect to get the better terms.

Regarding your point about 'The cost associated with ramping is not seen as necessary' !! What cost ?
All Bill needs to do is open his mouth and point out the benefits of the devaluation for AAZ. It isn't ramping to point this out to the market, and the major impact it will have to the cost base. If Bill has been focusing on keeping costs down, then one would have thought that he would have jumped all over this opportunity.

Regards

[zhockey] 19/1/2016 14:21

Does anyone have an idea on likely 2016 copper production?

[ferries5] 19/1/2016 14:12

Like watching paint dry here,

And I do not think it will improve until the question of how the $10- 14 million dollars required for the flotation plant expansion will be raised and if our seller is finished yet.

[zhockey] 19/1/2016 14:04

I think the AAZ board generally do not try to get the share price up for 3 reasons:

1. They have no plans for equity raising
2. No risk of TO due to shareholder structure
3. The cost associated with ramping is not seen as necessary

Personally I am happy with this, although I can see it would be frustrating for short term holders hoping the share price will rise on a speculative basis.

Let Bill focus on keeping those costs down and the share price will take care of itself.

[cyberbub] 19/1/2016 13:57

I agree that Bill is not the most dynamic of presenters/interviewees, he is rather ponderous in my view. Why does Vaziri keep such a low profile? Does he not like publicity? Is he too busy with other interests?

[bleepy] 19/1/2016 13:38

Central Bank comments on rumors about USD rate growth in Azerbaijan



More headlines....

Rallies in Azerbaijani districts not connected with devaluation of manat

Up to 7 banks can be consolidated in Azerbaijan

It appears the manat has continued to devalue over the past weeks, perhaps Bill is awaiting further announcements concerning the manat before outlining the benefits to aaz's finances. Lower interest negotiation re loans have also been mentioned.

[red rook] 19/1/2016 13:37

Guys & Gals

I have sent my e-mail, effectively my above post verbatim, to Bill Morgan. Asked him to also bring it to the attention of Reza.

I obtained his e-mail from the Investor Presentations on 22 September 2015 at the company's website.

[e-mail]

Hope the rest of you do the same. One PI sending an e-mail will not have any effect. But if sufficient PIs phone and/or send emails regarding this issue they will have to get their collective fingers out.

Regards

[mattjos] 19/1/2016 12:42

Yup, I'd agree. They have recognised the devaluation has taken place and having been through it once, should have a reasonably good grasp as to how it will affect things this time around.
Terropol raises the point about the company being mindful of the affect such a thing has on the populous of the country they operate in & we all appreciate that but, it should have an significant impact on the company's finances and should therefore be explained more fully to the market, as per last time.

They have to report monthly, quarterly, half-yearly and yearly on all aspects of the company's performance (both to the state and to the market) so, must have a robust underlying financial model to use in this instance.

[jbe81] 19/1/2016 12:22

Good post Red Rook

[red rook] 19/1/2016 12:16

Already commented on but adding my opinion on the matter..

Why have AAz not trumpeted the recent devaluation of the Azerbaijan Manat?

The RNS was out nearly a month ago. Since then I have not seen it reported in any AAZ related news coverage. Obviously this important item, wich has fallen into the lap of AAZ, has not been picked up by the media. This has not been helped by Bill Morgan and the AAZ BOD. In the interview(s) given by Bill since the RNS came out he has not taken the opportunity to re-iterate it. He should have been shouting about it, possibly doing a jig on stage.

Lets be fair, old Bill may be a good finance director but he is not a front man able to market the company. In the current market conditions, in fact on AIM under any market conditions, news flow is crucial. It requires the same amount of attention, and detail of planning, as given to the mining operations and financial controls.

Reading up on the previous posts I also gather that there was a previous devaluation of the currency which occurred a while back, albeit at a lower rate, which was of benefit in reducing costs. Surely then, AAZ would have past experience with which to quickly evaluate this larger devaluation and give the markets a projected forecast of how this will benefit AAZ.

Bill should have been working on this, running his spread sheets, all through Christmas and New Year holidays non-stop, it was that important. Ready to wow the markets in a torrent of media appearances and interviews in the new year.

The BOD need to lift the share-price/MCap of the company from its current anemic value, especially if they want to refinance. I know people say that this depends on fundementals blah,blah.. But the deal one can make with a lender, and the terms obtained, can also be effected by the strength of your current and future share price. IMO.

Can we all e-mail the company and in particular Bill Morgan and tell him to get his finger out.

[terropol] 19/1/2016 10:13

Cyberhub, I have been holding shares in this company for 11 years now. I know the company quite well.

[brasso3] 19/1/2016 08:32

Manat down, Gold up = More AAZ profit today.