Anglo Asian Mining Share Discussion Threads

[celeritas] 24/5/2016 15:31

15p, overly conservative matt.
This was pummeled by Bashirov for a long time, I'd say 20's were normality

[mattjos] 24/5/2016 14:48

added again today .... still struggling to understand why we are anything less than 15p on known metrics

[jbravo2] 24/5/2016 14:43

Yes, they'll look quite a bit different to 2014. The costs will be very different (due to the focus on them and the last quarter or so of flotation), but really will only be a sign of things to come as we have a full year of flotation in 2016.

No surprise to see this moving back up on small volumes as the amount sold during the drop from 13p to 10p was also very small. I'd guess they're also pretty unlikely to find many sellers til the 13p that was reached last time. Especially post results.
Post results people may well finally start to believe that 20p really isn't too far away.

[jbe81] 24/5/2016 14:32

Results soon, should surprise a few people

[bsg] 24/5/2016 13:58

Shame gold is tanking ...

[jbravo2] 24/5/2016 13:44

Mattjos, AIMROC have a PSA which requires a lower proportion of their workforce to be indigenous than ours. (Still the majority of course). One would presume that if the AIMROC properties were to open again whoever was operating them would be able to employ many of the people previously working on them. One would assume that Azerbaijan hasn't been creating too many jobs recently with the price of oil.

Regardless, as you say, do you trust these properties to a company with a proven ability to make these mines work or do you hand them to someone else with more unknowns?

[mattjos] 24/5/2016 13:11

Something will emerge from the fog soon enough & we look to be in poll position.

If you read the PSA you will see what proportion of the workforce have to be local. Who else in the country & in the locality, has the indigenous workforce with the training & experience ?

[jbravo2] 24/5/2016 12:29

They won't have been idle on the exploration front whilst they were producing. As I've mentioned before you can find details of all kinds of people who've worked for AIMROC doing all sorts of work. Naturally these include geologists.

It's something AIMROC presumably won't have been keen to talk about whilst they were producing but now they seem be searching for a buyer one would assume they will be keen to emphasise the positives of what they hold. The fact the government manage to pick up on this and talk about it shouldn't be a surprise.

[zhockey] 24/5/2016 11:48

Why is that Jbravo if they have been idle?

[jbravo2] 24/5/2016 10:18

Yes. As has been mentioned before, there is a lot of chatter about the mining sector in Azerbaijan at the moment. Interesting times. :)

It would be interesting to see a breakdown of where exactly the new reserves have been identified and their size. It would seem a reasonable guess that most of the recent increase would have come from AIMROC properties.

[slavy] 24/5/2016 08:14

Azerbaijan’s gold reserves double

[brasso3] 24/5/2016 07:49

Then AAZ will only be making $500 - $600 profit per ounce.

[jeanesy] 24/5/2016 07:28

POG continues its downward trend .Maybe we will re-trace to 1200 !

[jesus405] 23/5/2016 12:52

Well done aps55555. That does mean it is going to be difficult to track this month by month. There will be larger quartely jumps than prior due to the monthly information having a little less significance. As things stand though those jumps should be moving in the right direction.

[zhockey] 21/5/2016 12:50

Jeanesy,

I would be prepared for gold to retrace to 1200, maybe a bit below.

[jeanesy] 21/5/2016 11:05

Lets hope then that the figures in a few days time make for good reading. This share is for me by the way otherwise i wouldn't still be here. I , unlike some, haven't sold a bean. I am optimistic about the future here, im just a tad worried about the POG. True if i had been at home and not at work that i might have sold some when it reached 13.5p but i would have buying more at this price. Gold has had a bit of a battering. I just hope that 1250 is the low point . Every dollar counts when we have debt to pay off !!

[wrighty46] 21/5/2016 10:38

Well done guys, research here is excellent. I thought I was done buying here. But if we get any more of a retrace which I doubt might just be tempted. GLA

[jbravo2] 21/5/2016 09:32

Yes, the copper concentrate is picked up weekly. From memory it's bought at the gate and picked up by Industrial Minerals SA. It's then taken to Georgia.
You can see it in the latest presentation. It's the picture of the white bags somewhere in the first few slides again from memory.

[mattjos] 21/5/2016 09:20

Well done guys .... Do we know, approximately, how frequently the concentrate from flotation is shipped out for refining and then the lead time before the company gets the money (minus net refining costs) ?They look well on track to hit annual target production, now we understand the lag in total of each monthly locally reported production.The market will be playing catch up here right up until the H1 figures are officially reported.

[2sporrans] 21/5/2016 08:20

Thanks for explanation JB.
Revised my original post in any case fwliw.
If Unibank simply split out the Precious metal extraction figure into its gold and silver components would be ever so helpful and save old TS from making bleary eyed conflations too early on Sat. morning.

[jbravo2] 21/5/2016 08:09

Alas no sporrans. The stock is simply a measure of the stuff left in the strongroom. It goes up and down according to when the figures are given in relation to the delivery schedule. The increase is simply due to some of Aprils production not having been delivered for refining yet, more than happened in March with that months production.
It's just a timing thing.

[2sporrans] 21/5/2016 07:27

Isn't the imputed April total of Gold [dore] production [180kg=5787oz] PLUS increase in stock reserve [34.6kg=1113oz] near as d@mn 214.6kg=6900oz?
That's very encouraging and justifies the Header comment in the Unibank source article: "Azerbaijan increases precious metals extraction first time for a long time".

Tricky trying to reconcile the April extraction figures [Gold+Silver 208.2kg] with the production + stock increase ones [gold alone 214.6kg]; I've assumed this is explained by some of the dore production being sourced from stock built up prior to April.

Re-think: so if ~800oz of production is sourced from existing stock, ~6100oz of EXTRACTION for April looks right.

Whatever, if the Gold [+silver] production has picked up this much, will be enhanced considerably by the burgeoning copper output.
Should impact positively on the share price methinks; the stock reserve and copper stats. won't be fully factored into many [potential] investors calculations.

[brasso3] 21/5/2016 06:32

Agree 6000 - 6100oz in April if we include flotation plant production. Seems like they are back on track after the winter. Maybe 6500oz per month will become regular over the summer. At $1200 - $1300 gold that mean AAZ will be generating serious cash flow.

[jbravo2] 20/5/2016 23:31

Well done aps and well found ferries.
As postulated, they will continue to only report dore figures and nor will they go back after the quarters and look up the company RNS's to take account of the gold in flotation etc. So the numbers reported in this fashion are going to be a fair bit out from now on.
One would also assume the silver number to be well short of course.

We can assume over 6,000oz total for Apr then. Nice result.