Anglo Asian Mining Share Discussion Threads

[cyberbub] 25/1/2016 10:37

Do we think it's still the dregs of the Bashirov shares?

[on target] 25/1/2016 10:21

Any normal person would leave their total order with the MM's to fill. Clearly a disturbed individual to sit there manually dumping in 50k pieces.

[cyberbub] 25/1/2016 10:17

Jeez dumping heavily - if he is that desperate why didn't he dump 2 weeks ago above 5p? All very odd!

[on target] 25/1/2016 09:55

Looks like Mr 50k-unt is back.

[captain_crash_and_burn] 25/1/2016 09:54

lets hope that is all it is!

[jbe81] 25/1/2016 09:48

mms are giving you an opportunity to buy

[captain_crash_and_burn] 25/1/2016 09:42

Ummm, what in earth is going on!

[mattjos] 23/1/2016 19:47

Its pretty much impossible to work out unless you have access to the detailed management accounts.
I have assumed that there will be pressure from the workforce for higher wages & that is understandable.
Net effect should be positive for the company.

(Does anybody here know what St. Brides supposedly do for the company? Since they cant even get their Annual Return to Companies House on time, they certainly don't like they can be trusted with much so, why retain their services and pay them a penny? They merely seem yet another parasitic layer of pseudo-professionals that look to leech money out of listed companies.)

[cyberbub] 23/1/2016 16:49

They said in the RNS "will update shareholders as appropriate"... no timescale that I'm aware of, though you would hope it might be soon...IMO, SHG did a better job of clearly stating their AISC and overall cash flow, in their quarterly production update last week.

[jeanesy] 23/1/2016 12:11

The figures concerning the savings due to the manat depreciation wern't they?

[cyberbub] 22/1/2016 23:05

What was promised?

[jeanesy] 22/1/2016 20:41

A disappointing week. Still no news on manat depreciation savings. Hopefully next week as it was promised.

[ferries5] 22/1/2016 18:27

cyberbub

What I want to know is why they want to spend money now, when (IMO) there is a need to pay off at least a chunk of their debt to reduce debt.

Only the management can answer that question.??


Could be they are worried , or considering a strategy that if the gold price goes down further, they can at least pay the interest on the debt from the profit on the copper concentrate of a expanded flotation plant.

Hopefully we will all be wiser at the next update in April.

[bleepy] 22/1/2016 14:43

The currency reserves owned by the Central Bank of Azerbaijan (CBA), decreased in December 2015 by $1.23 billion (19.68 percent) compared to November, according to the CBA statistics data published on its website Jan. 22.

Story still developing...

[zhockey] 22/1/2016 14:10

I will email Bill to put the 2/3 yearquestion to bed once and for all, if he replies.

[cyberbub] 22/1/2016 13:50

On Target I agree with what you say, I watched the video last month and drew the same conclusions. What I want to know is why they want to spend money now, when (IMO) there is a need to pay off at least a chunk of their debt to reduce the perceived risk of the company, and also when metal prices are rock bottom? Do management believe that metal prices are due a strong rebound in the next 2 years and want to be positioned with increased capacity?

[cyberbub] 22/1/2016 13:44

As far as I know we never hear anything from Reza in public. Does anyone know why?

[on target] 22/1/2016 13:02

ferries5 19 Jan'16 - 15:32 - 1152 of 1194

I finally got around to watching the Youtube video from 9th December you referenced.

You are correct he does mention spending $10-$15m in the next year to expand the capacity of the floatation plant. I wouldn't be suprised if this or a large part of it could be found from free cash flow, especially given the recent devaluations in the Manat since that video was made. I misunderstood your comment as meaning the plant at its current capacity needed more spending on it.

Also he definitely does not state they are getting out of gold production or that there is only enough gold for the next two years, anyone who gets that from this video needs to watch again and listen more carefully.

I thoroughly agree with other posters here that the FD while no doubt excellent at his main job and an asset to the company, is no front man. Throughout the interview he looks like he'd much rather be in the office in front of his spreadsheets with a cup of cocoa and doesn't appear to understand why he is there!

[cyberbub] 21/1/2016 20:52

Catsick I would agree that more exploration is warranted. However there is also a need to pay down some of the debt in the next 12-24 months IMO, to help reassure investors that there is less risk there. Personally I would prefer to see the latter initially.

Interestingly, I didn't realise that there had been a Golden Cross on the chart a few days ago?

[mattjos] 21/1/2016 20:34

Sberbank, that is

[mattjos] 21/1/2016 20:33

Sober bank projecting further falls in the Manat today .. Towards 200 from present 160.AZ govt today say they will not do anything further to protect the Manat.A further 25% fall in the Manat looks distinctly possible now

[catsick] 21/1/2016 10:43

Yes with all the capex winding down now they should be able to spend a little more on exploration, they have spent around 1 million usd total over the last two years on exploration and achieved some very good high grade discoveries, over the same time about 30 million of capex has been carried out, defining the size of the whole of the resource should greatly extend the life of the mine and thus make the debt less significant

[1madmarky] 21/1/2016 10:21

300 square kilometres www.angloasianmining.com/operations/gedabek/