Anglo Asian Mining Share Discussion Threads

[zhockey] 27/4/2016 09:52

The usd has been selling off so if the fed hold as expected it will probably rise a but on the news imo

[mattjos] 27/4/2016 09:22

next couple of days will be interesting for Gold with Japan & USA decisions due

[zhockey] 25/4/2016 10:39

Gold looking vulnerable

[mattjos] 25/4/2016 09:46

This is an old article but, not one I'd read before:
...."With production expected from the Gosha mine by the end of 2012, what level of impact are you expecting from these operations in the future?

In 2011 we discovered and submitted the notes of discovery to the government for another of our properties, the Gosha mine. It is located in one of the most beautiful areas in the world, at the top of a mountain. However, this makes our job difficult. We estimate that there are 300,000 ounces in just one zone of the 13 the site has. These other areas are currently being explored, as we are talking about an underground mine. We are planning to put into operation a small processing plant to produce somewhere between 15,000 and 20,000 ounces of concentrated gold annually. Later on we will decide whether to sell the gold concentrate itself or bring it back together and put it in the agitation plant. Adding Gosha's production to our overall operations, we will go over 100,000 ounces a year, which will enable us to upgrade the status of the company from a junior mining company to a mid-size mining company.

[resourceful] 25/4/2016 09:29

dilip
great resource
good terms
the rest is iffy

[jbravo2] 24/4/2016 11:43

Lol yeah my thoughts unionhall.
Clearly someone dedicated to research.

Your answers dilip...
It isn't loss making at the moment. $47.5m.
However I have a feeling this isn't the investment for you

[unionhall] 23/4/2016 21:37

perhaps check out the last accounts....just a thought....

[dilip40] 23/4/2016 20:52

sorry ot

would appreciate any other gold silver producers epic codes on uk or canadian

markets worth researching thanks

[dilip40] 23/4/2016 20:49

hi new here

production figures of gold silver copper looks good

so why is compqny making a loss

and also how much is the debt

ot would apprciate

[mattjos] 23/4/2016 16:13

header updated with:

- latest production chart from Q1 2013 thru Q1 2016. The small chart in the header is an html click link to a full page version in a new window & worth viewing so you can see the huge step up in Copper & Silver production from the new flotation plant.

- Dates of expected news in the next 3 months. As I have tried to hilit, there has been a resource upgrade/ops update during the period between the FY results and the AGM for each of the last 3 years so, June could be worth keeping a close eye on the news, quite apart from the local AZ press for figures on the May production which should the first full 'hot weather' month at Gedabek with all the Heap, Agitation & Flotation processes correspondingly affected.

(Thanks for keeping up the chart Brasso & sharing)

[jbravo2] 22/4/2016 14:59

Bit quieter today, both trading and on here.
Bit more info for those interested in minutiae of the business.
The supplier for our mills is Ersel. Based in Turkey.

For those interested you can see the specs of the mills supplied etc. AAZ set up features in the pics in their brochures too. Don't know if we pay in USD or TRY? Could be another gain but I doubt they'd want TRY :D

[zhockey] 22/4/2016 11:39

Silver definately has a strong bid, I wonder where from?

[resourceful] 22/4/2016 09:54

come on
just a bit more

[jeanesy] 21/4/2016 20:25

A much better day here. It was a shame that POG fell back after reaching 1270. lets hope this is just the start.

[cordwainer] 21/4/2016 19:27

Just as a point of context, the OEIC known as MFM Junior Gold Trust has risen by about 140% over the past 3 months.

[ilostthelot] 21/4/2016 16:20

Let's hope you're right Matt. I think the bank cartels are still in charge just now but in time the Chinese will begin to influence the POG upwards.

[mattjos] 21/4/2016 15:08

its the overnight action in gold that is driving the price more nowadays after the Chinese set up their exchange

[zhockey] 21/4/2016 15:02

Gold slammed down, just as it was breaking out

[mattjos] 21/4/2016 15:01

slowly beating its way up to break this resistance at 7.5p. Each crack at it now is progressively taking less and less volume to push up against that level.

[imnotspartacus] 21/4/2016 13:09

Gold up, silver up, copper up...come on!!!

[philo124] 21/4/2016 11:52

Gold well up.

[ilostthelot] 21/4/2016 10:48

Gold looks poised to breakout, this consolidation between 1200-1265 should turn support in the next move higher. I reckon all gold miners will start to rise swiftly in valuation once gold heads over 1350.

[zhockey] 21/4/2016 10:38

So in a nutshell, priced to go bust with lots of angles for postive news and a base case that has debt paid down in 2 to 3 years.