Anglo Asian Mining Share Discussion Threads

[mattjos] 25/5/2016 10:38

the, as yet unused, smaller flotation plant is also there to help extract the Zinc from the Copper concentrate and therefore remove the 'impurity' penalty form the refiner of the Copper.
A lot going on in the company right now over & above the ongoing debt repayment

[jbravo2] 25/5/2016 09:54

Solid performance.
The MM's liked the results and raised the share price initially, but dropped the share price again on paper thin selling volume. Guess some punters are yet to be convinced!
As mattjos says, surprising when our mkt cap is less than our operating cashflow :D
I guess we get to accumulate more over the coming months.

Great to see the substantial decrease in costs. Two main drivers. The increase in gold production and of course the first (and smaller) manat devaluation. If gold production comes in as last yr (its currently forecast to modestly increase but lets be conservative as I think 72koz is more realistic) the second manat devaluation and the increased by-product credits for copper and silver should see cash operating costs running at below $600 for 2016.

Good to see acknowledgement that the second SAG mill starts to set us up for the expansion of the flotation. The water detoxification plant also does the same. Ithink this will probably cost $3m. I think we'll also look to move away from our diesel generators and onto the electricity grid.

Interesting to see the mention of a consideration given to the hedging of both gold prices and currency. Of course at the moment a gold hedge might look wise but only 2 weeks ago we'd have been saying the opposite. It's a difficult call.

This year sees a large portion of the debt disappear. Interesting Pasha bank is due for total payment this year. As I said before I can't see us paying off Reza as well as the scheduled ATB payments, Pasha, and the scheduled and extra payments to IBA from last year. Thats plenty to manage.

Very happy with the situation and looking forward to the AGM.
:)

[mattjos] 25/5/2016 09:35

well, if those sells were someone hoping to buy them back cheaper, I don't see the MM's playing ball with them at all.
How any times have we seen AAZ sell off on the day of results and then, as the market digests the results over the following day or so watch them rise back? It's becoming a familiar pattern but, this year and next I don't think there'll be the sell on results action any more

[mattjos] 25/5/2016 08:51

The mkt cap remains even below last year's operating cashflow!More to buy in the coming days and weeks

[wrighty46] 25/5/2016 08:31

Don't get me wrong matt not fussed at all. Looking very good moving forward. Sellers on results regardless of what they are I still find amusing. Anyway GLA.

[jbe81] 25/5/2016 08:31

Great buying opportunity

[mattjos] 25/5/2016 08:27

It's a results statement therefore, by definition, backward looking.The currency savings have now been quantified & you can clearly see why they bought the extra kit for Gadir.Debt repayments are as expected.I still expect some more current/forward looking update between now and the AGM in 4 weeks time

[wrighty46] 25/5/2016 08:20

Yes I was looking for a debt update aswell.

[jim digriz] 25/5/2016 08:18

The 13 April press release had a more up to date figure on debt than today's release which only quoted 31 December 2015. The 13 April statement said:

-- Net debt, being interest-bearing loans and borrowings, less cash and cash equivalents, totaled $47.5 million at 31 March 2016 ($49.2 million at 31 December 2015)

[jbe81] 25/5/2016 07:46

low costs, with a $13,000,000 saving for 2016 due to Manat devaluation, things looking really good going forward

[wimbled] 25/5/2016 07:30

low production cosdt , excellent read 75,000 oz 2016

[gutterhead] 25/5/2016 07:12

Great low prod costs and currency benefit

[jbravo2] 25/5/2016 07:05

Quick Terropol. Edit that post ;D

[terropol] 24/5/2016 23:35

We will see results end of June.

[jeanesy] 24/5/2016 20:01

Nice move up today against still falling POG which is now $50 in a week which is really not good news. Hopefully the results will be good this week though.

[brasso3] 24/5/2016 19:31

Could do with some communication I feel from management.

[mattjos] 24/5/2016 19:16

I will remain greedy personallly

[brasso3] 24/5/2016 19:15

Matt

Chart looks excellent.

I will remain a little nervous short term if it does not hold above 12p in the next few weeks.

[mattjos] 24/5/2016 19:13

Brasso .. this has breached the previous reaction high now & should not, in theory, encroach back into that price territory:


free stock charts from uk.advfn.com

[catsick] 24/5/2016 17:56

The more gold thats been found in the area the better even if its not ours, we have an expansive plant that can process many ore types now, if in the future we run out of ore contract processing can be very lucrative

[brasso3] 24/5/2016 17:38

Strange day given that gold is down at $1230 and AAZ is up 12% on minimal volume!

[jbravo2] 24/5/2016 15:49

That won't be happening anytime soon Brasso. Whilst our net debt will improve as the ATB debt gets paid (payment 6 of 15 is due tomorrow but I think was already made this week) and our cash held increases I can't see any special payments being made or individual RNS's to confirm the general improvement that will continue to happen from here. Indeed I'd imagine Reza's debt will even be rolled over again til the end of the year. All that will just be covered in general updates I'd have thought.

The company will probably now be looking to spend the cash they make this year on more improvements to the plant. We know about the second SAG mill and whilst that might immediately help with the harder rock it would of course also allow an expansion of the flotation plant. We know that is coming but not this year I reckon.

I'd imagine we will start to see a few separate component parts of the plant which can work in isolation and could benefit our current set up being procured and constructed this year though. All stuff that could come out of the current cash flow though. Not extra debt I'd have thought.

[brasso3] 24/5/2016 15:34

An RNS confirming that $2m has been paid of the net debt from 1 months production would be a nice signal to the market.

[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