Anglo Asian Mining Share Discussion Threads

[ferries5] 05/4/2016 08:30

Jeanesy, this link explains what is going on, and why.

[jeanesy] 05/4/2016 08:08

Does anyone know how the ceasefire is going ?- cant find any recent news, so hopefully that is good news. Hopefully the shareprice will re-cover slowly before the production news next week providing there is no more un-expected news!

[jbe81] 04/4/2016 16:33

Already posted, but think this is much more relevant to the AAZ share price than skirmishes on the border. Thoughts Mattjos?

[2sporrans] 04/4/2016 10:08

Part of the problem is that the 3 regional powers [Russia, Iran and Turkey] that ought to be brokering a ceasefire and sustainable stand-off, aren't predisposed to working in harmony themselves.
Leaving the Iranians aside, the Russkies and the Turks have fallen out badly of late and [with a military base in Armenia] the Russians will want to keep Armenia as an ally. They also do a fair sum of trade with Azerbaijan and have interests there too but the Azeris and the Turks are natural allies for plenty of reasons. Similar Sunni culture apart, their future economic interests are aligned: e.g. European trade and major gas pipeline [via Turkey] to S+Central Europe under construction; not developments Putin et al will welcome.

The above doesn't improve the odds for a quick, lasting ceasefire.
Let's hope the Azeri government hasn't sought to attempt some kind of land grab as a distraction from growing domestic travails.
I think this unlikely, though it's a common enough ploy historically by 'strongman' politicos.

Whilst aware of the Nagorno-Karabakh issue, I didn't expect these hostilities to resume; it has been the growing economic woes that I had [until now] considered as a more likely potential risk.
Sure, AAZ is not there to get involved in Politics etc; the problem is that the 'Politics' may, none the less involve it.

Well, I'll continue to hold my remaining stake [sold 1/2 for 7p for much same reasons as Brasso weeks ago].
Tempted to add if the price drops a fair bit more but I think the increased risk discount is warranted; so hold and hope for now.

[ilostthelot] 04/4/2016 09:25

I agree debt reduction is massive. Just look at POG to see what high levels of debt does to a share price.

[jeanesy] 04/4/2016 09:11

Anything over 5000 will do for me as the month was quite cold. The weather is now warming up considerably which should help going forward. I t is the news about copper, gold produced by flotation tank , silver and debt reduction which is going to be key too. Also what costs we have saved due the manat depreciation

[brasso3] 04/4/2016 09:08

If they can hit 5500oz in March that would be on par with last year so will be a good sign. If they are below 5000oz then it will require explanation by the company.

[ilostthelot] 04/4/2016 09:06

The violence doesn't really bother me in terms of it disrupting the mining. It's the production numbers I have an issue with.
the quarterly update will hopefully set that straight.

[ilostthelot] 04/4/2016 09:01

The production numbers for gold Jan and February haven't been great but the silver and copper have improved which will offset the reduced gold produced a bit.

Hopefully for March they produce over 5500 ,anything under 5000 would suggest production yearly targets won't be met.
Imo

[jeanesy] 04/4/2016 08:59

The price has dropped by 15% though so someone believed that the violence is very close to our mining operations ! While the news about a ceasefire remains uncertain then the price is not going to recover imo. There have not been many trades so far today so the drop seems overdone as usual.. but while uncertainty exists the mm's will nor relent i fear unless someone is brave enough to buy some more.. i am very tempted!

[ilostthelot] 04/4/2016 08:56

Not looking good today! It's an over reaction to the news. May well fall a bit further but I expect a strong rebound when sense returns.
The production update will hopefully reassure investors all is on track.

[brasso3] 04/4/2016 08:54

On Target

I apologize for that as it was mistake and not intended to deceive. The AAZ map confused me as it showed a producing mine on the west of Armenia.

I do not intend to buy back in until I see the March production figures. My reason for selling was related to the low production in January so I want to see that it is an isolated (weather related) issue rather than something more fundamental with the mine.

[resourceful] 04/4/2016 08:25

I go away for 10 days and you wreck the price#
Being right is costing me real money
there is a production problem
everything else is smoke

[on target] 04/4/2016 08:21

Good price to get back in Brasso after that mistruth you accidentally posted at the weekend?

[jeanesy] 04/4/2016 08:16

If it is a great buying opportunity why is no-one doing so?

[jeanesy] 04/4/2016 08:11

price is all over the place

[jbe81] 04/4/2016 08:03

Great buying opportunity today

[jeanesy] 04/4/2016 08:00

Price hammered pre-open!

[timberwolf3] 04/4/2016 06:49

ceasefire seems to be holding.

[philo124] 03/4/2016 22:04

My previous understanding was the pipeline from Syria was going to Russia, which, apart from their 2 ports was why Russia backed Assad and the US and West backed the wrong side originally.
Sorry to read fighting has broken out here.

[muddy_40] 03/4/2016 19:22

Fighting started again.



Fighting along contact line in Nagorno-Karabakh renewed
3 APRIL 2016, 19:58 (GMT+04:00

Armenian armed forces have broken the ceasefire with Azerbaijan on the frontline in Fuzuli, Terter and Aghdam districts, the Ministry of Defense of Azerbaijan told Trend.

According to the ministry, the fighting currently continues.

Earlier Azerbaijan unilaterally suspended the counter-attacks and response measures in the territories occupied by Armenia, in accordance with request of international structures.

[loverat] 03/4/2016 17:07

Indeed - folk always like fighting when the sun comes out!

Seriously apart from this being serious compared to other flare ups, unless there is any outside involvement, this will probably fizzle out as usual.

The world is in a mess anyway. Syria the most likely area of conflict to worry about. If any of the parties - The West, Russia come out and support either side, that will be the time to worry. Any support for either side will indicate a Syria style regime change war. Unlikely in my opinion but possible given the failure of the Middle East/Europe pipeline through Syria.

Some suggesting this is all about re-routing that pipeline via Azerbaijan - but that is all conspiracy stuff for now.

[jeanesy] 03/4/2016 16:25

There is no need to panic then here. Also the weather is at last due to turn much much milder in a couple of days time !

[on target] 03/4/2016 11:36

Brasso,

"All of AAZs producing acreage is in the Nagorno Karabakh area."

It's the other way around, the producing acreage is outside the disputed area. They do have dormant licences within that area but as the map you linked shows, Gedabek and Gosha (the yellow pointers on the map) are outside the area.