Anglo Asian Mining Share Discussion Threads

[zhockey] 25/3/2016 10:45

I think some people forget how low AAZ are priced here. Yes it looks like they were overly optimistic on the floatation figures, but if they can produce only 60,000 oz of gold instead of 75,000, does that justify a going bust share price?

However if they manage to manage to sort out the zinc issue then there is a lot of short term upside. As TP says the Q1 results will hopefully have FY guidance and that will remove the guess work.

For me, as I have stated before, the gold reserves at Gedebek are all about clearing the debt and setting the company up for 10 years+ as a reasonably sized copper producer.

[brasso3] 25/3/2016 10:01

Jeanesy

Q4 gold production from the flotation plant was 335 ounces. The flotation plant may not have been in operation for the full quarter but it came online in October albeit not at full capacity. If you want to be optimistic then 800 ounces for Q1 might be possible.

The flotation plant is making a big difference with silver and copper but does not appear to have much impact for gold numbers. This is surprising for me as AAZ projected 5000 ounces from Sept - Dec during installation/ commissioning of the facility. The high Zinc content of the Gadir ore is a factor but this needs further explanation in the full year results.

[jeanesy] 25/3/2016 09:53

I emailed the company last month and they told me that the monthly production figures do not include the gold produced by the flotation process so the actual figure is much higher. All will be revealed in April hopefully.

[1madmarky] 25/3/2016 09:27

Production is down 20% for the same month yoy. So unless it is unseasonably cold this year, it is not weather related. IMHO

[terropol] 24/3/2016 16:27

As weather gets warmer production will escalate. Ignore the first 2 month.
Looking to the companies full years production guidance.
I am guessing on a bigger figure than last year.

[zhockey] 24/3/2016 10:26

Indeed, it still looks cheap at £7m mcap.

[brasso3] 24/3/2016 09:28

8580 ounces (Jan + Feb) at an average gold price of $1210 (87% WI) for 2016 is still $9m revenue. With the Manat devaluation the costs should still be around $700/ ounce at these reduced production levels IMO. Therefore still a profit to be made at $1200 gold price.

8580 x 0.87 x ($1210 - $700) = $3.8m

[resourceful] 24/3/2016 09:08

only got half out
unfortunately as I thought
They cant run it

[jbe81] 24/3/2016 08:21

Somebody should be able to pick up some cheap shares today, been somebody wanting 200k in the auction, might get them later

[brasso3] 23/3/2016 20:59

It shouldn't be a surprise that production in February is lower/on par with January. The weather was similar over both months and February was 2 days shorter (stating the obvious)! The March figures will now be key to see where this is going. They will need to get back to the 5500 - 6000 oz region.

I sold out 4 weeks ago (~6.5p) on the back of the January figures as I did not like the risk of reduced production with the $50m debt. The high gold price will obviously counter this reduced production for the first 2 months of the year but I was not prepared to stay invested on that alone. The November 2015 figures were also below average so that made me a little skeptical that we had entered a less productive window in the Gedebek mine.

The increased silver looks positive and I am sure the copper figures will also look good but that will come with Q1 results in April.

I have not been posting as its not my style to de-ramp after selling a share. I still have an interest in AAZ so will continue to follow the company related news.

[on target] 23/3/2016 20:58

It would be higher than Jan per day if you account for the lower number of days in the month.

[jeanesy] 23/3/2016 20:46

If this figure is true then production was 4235 for feb which is lower than Jan! Disappointing but without knowing how much more was produced from flotation tank then we cant compare really. We need to keep fingers crossed that all is ok. I suppose we will have to wait until April for proper figures, news about copper and news on reduction of debt.

[ferries5] 23/3/2016 20:31

Gold production in Azerbaijan reduced by 20%

It is a translation, so not very good


Baku. March 17. REPORT.AZ/ during January-February, 266.9 kg of gold was produced from the same period of the previous year, a decrease of 20.6%, which means muqaytisədə;. "Report," the State Statistics Committee reports quoting the current year to March 1 has reserves of 29.6 kg of finished product.

According to official statistics, in the process, while silver production increased by 3.4 times and amounted to 41.8 kg. The finished product has stockpiled 10.7 kg.

Gold and silver in 1997, signed on August 21, PSA (PSA) type is produced under a contract. Contract 6 field - Nakhchivan 1, Gadabay 2, which is currently under Armenian occupation of Kalbajar and Zangilan 3 provides for the development of the field. Under the agreement, Azerbaijan's share is 51%, the British "Anglo-Asian Mining Plc." 49% of the share. First gold production ( "leaked" field) was launched in 2009



8,581 troy oz for Jan Feb

[ilostthelot] 23/3/2016 14:06

Silver & gold taking a bit of a hit today. Price holding up resonably well.

[jesus405] 23/3/2016 12:01

If we do get the figures, (as it seems they don't give them on public holidays.) It will be the 27th and then shortly after an rns for the full quarter. Lots of information in a short space of time.

[cordwainer] 23/3/2016 08:35

and todays trades so far ... a-nother non-descript nest of nothingness.

[mattjos] 22/3/2016 09:16

Indian jewellers buying strike ended yesterday which might explain the lift in gold prices from around 05:00 this morning

[ilostthelot] 22/3/2016 09:09

Whats the next catalyst to move this higher ?
Gold has consolidated nicely at around 1250 for a while now.

[ferries5] 21/3/2016 07:10

Public Holiday all week, in Azerbaijan,, So might not get this months production figures

[jeanesy] 20/3/2016 15:58

Thanks Brasso3

[brasso3] 20/3/2016 09:20

The news is released on weekdays by the Azerbaijan news networks.

This is the link for the Janaury update:-


It has been appearing later in the month recently so I expect monday/ tuesday this week.

[jeanesy] 20/3/2016 08:50

News still not out. Can someone tell me the link to where it is posted please? I hope that the lateness of the news is not a bad omen as it was last month!

[jeanesy] 18/3/2016 21:57

Production news has got to be out soon hasn't it. Has anyone seen it published yet?

[mattjos] 17/3/2016 19:08

significant chart breakout in Silver occurred today .. looks to me like it is heading to $17.
big silver production expected for AAZ this year

[jbravo2] 17/3/2016 12:01

Yeah the $40 adds good numbers.
Even $40 adds over $2m for the rest of year.

If prices remain here we will clear 70,000oz with at least a $500 margin.
That'll be the majority of the debt done in one year.

Of course, lots of people are saying the gold price won't remain here.
:)