Anglo Asian Mining Share Discussion Threads

[on target] 02/2/2016 09:11

Down again. What are we missing??

[brasso3] 01/2/2016 22:23

Filled the little gap on friday and then straight back on the charge today.

[jbe81] 01/2/2016 22:20

yep, good day for gold, a good couple of weeks could make a big difference here

[jbe81] 01/2/2016 22:20

yep, good day for gold, a good couple of weeks could make a big difference here

[brasso3] 01/2/2016 22:02

Gold at $1128.

[jeanesy] 01/2/2016 19:20

Looks like another 200k was sold today. How many do they/whoever have to sell? Good day for POG and yet diddly squat movement for us ...mmh.

[mattjos] 31/1/2016 19:45

Apologies all.
Currently in Poland at probably the quietest time of the year out here for business. Fatal combination of great cheap food and wine but, an empty hotel :-(
At least no snow to drive in.

Hopefully our financial PR advisers cant at the very least ensure correct spelling and punctuation in the future, if nothing else.
I'll leave it there.

[jeanesy] 30/1/2016 13:33

Lets hope we get some positive news this week as this share has not enjoyed any sort of rise recently when many other goldies have taken off !!.. please

[cordwainer] 29/1/2016 15:25

My thought knocks on Fort Knox.

[cyberbub] 29/1/2016 14:50

Yes cordwainer, I was a bit concerned about that too!

I think most of us agree that 75% of AIM Nomads and advisers are leeches and shysters. That doesn't necessarily mean that the listed companies they advise are the same!

I suspect Mattjos might have had a beer or two last night, looking at his posts and posting times... LOL

[cordwainer] 29/1/2016 14:44

steady on there, anyone just perusing brand new to this BB might initially confuse themselves and wonder whether this irritation is just a minor periphery of AAZ or whether the 'mob' is AAZ. The future looks reasonably heavily concentrated and highly conductive .. of cash.

[jbe81] 28/1/2016 23:50

Matt. looks like St Brides have been to busy rebranding, they appear to have a new website, and their twitter is up and running(it was down last time I looked, which is extraordinary for a media company).

[mattjos] 28/1/2016 23:42

These London operations are truly ghastly. They've manipulated the playing-field such that a listed company now needs a Nomad & a Broker .. & now the spivs are gradually trying to enforce listed companies that they need Financial PR Advisers.Hugo de Salis & his wife are earning a very nice wedge fronting a boutique operation with a bunch of lookers, dressed up with BS degrees and vacuous CV's. anyone of us here understands Anglo Asian Mining better than they do .. A handful of them supposedly cover a heap of AIM resource companies ..does anyone here really think or believe they are adding any value whatsoever to the company news pieces?They are inveigling their way in to such companies on the supposed basis that they can add something. It's cobblers. You are merely paying for Hugo & Isabel's summer holiday every year

[mattjos] 28/1/2016 23:27

The fact that we are still all discussing the details of the PSA on here, after years & years, is surely symptomatic of the fact that the company & it's so called financial PR advisers have done a woeful job in informing & educating the market & shareholder base as to how it works.This ridiculous PR company, that likely earn a retainer, are doing nothing whatsoever to earn their crust. At best, They just regurgitate RNS's. They are building their business off our cash!Reza .. Grow a pair, in this regard please .. Lottie & co are just sponging off you & us. WTF are they adding here? Nothing whatsoever.Give them an ultimatum and thereafter get rid .. They are just ghastly leaches playing the AIM game. A pretty face(s), maybe but, an effective PR operation? No! they are not in any way whatsoever.

[cyberbub] 28/1/2016 23:17

I can appreciate that they may want to spend capital to expand, but surely spend it from income and don't borrow *another* $10M, especially at the high interest rates they are paying?

[zhockey] 28/1/2016 22:49

If I recall correctly the PSA allows AAZ to claim back OPEX against the Govt. share. I asked the then CFO about 5 years back so DYOR.

[terropol] 28/1/2016 21:36

jeanesy, The copper usage and price increase of it, will help the company directly.
The weak currency also will help cost of production, if the AZ government is having to borrow money that would devalue the manat.
Not sure about this 20% tax. But I do not think it will affect us, But read the notes above.

[mattjos] 28/1/2016 21:32

No, the Manat gained marginally today

[jeanesy] 28/1/2016 21:17

I see that the manat is weaker again today.

[jeanesy] 28/1/2016 21:00

Our seller seems desperate to offload on even the smallest tick-up. I wish he would hurry up and be done so we can move on from here !!!

[mattjos] 28/1/2016 20:56

Ferries, yes, I do understand the dynamic.There are pros and cons .. Any half competent accountant will know how to play the PSA to their best advantage in the current phase of the company development. Ie. Maximise the losses, with the framework, at this phase. The more losses they can roll up (& by the PSA contract, carry forward indefinitely), the longer they can hold off the PSA switch & Corp Tax when they swing back to profit. Fundamentally, the PSA seems to favours a capital intensive growth company as well as the state.Bill seems a hugely competent chap and the accounting team around him will know how it all works .. I'll wager he's unearthed a couple or three opportunities, quite within the framework & when he says they are comfortable with debt levels, I'm sure he is just that.

[ferries5] 28/1/2016 20:28

Mattjos. The quicker it happens the better it will be for shareholders.

It will only receive 87.5 of gold revenues from Gedabek till all money spent there is recovered, Once that happens it reverts to the joint venture Gov. 51% AZZ 49% . Each venture is viewed separately. An example, The money spent on Gosha cannot be recovered from gold mined at Gedabek, though the loss at Gosha could be offset against the 32% corporation tax the company pays. But as you aware you must have a profit to offset a loss.
The point is at the moment, If AAZ is giving all the money it earns to banks as debt repayments , It leaves no return for share holders. So only when AAZ has no or very little debt can it make a return to shareholders.

Regards

[mattjos] 28/1/2016 19:53

That is not going to trouble us for at least the next 3 years