Anglo Asian Mining Share Discussion Threads

[wrighty46] 05/6/2016 20:21

Is that because $1400 will follow in short order? Gold is becoming so hard to predict. Chart said $1200 bounce and it did with vigour. I still see a test of 1300 this week possibly midweek. We shall see. GLA

[philo124] 05/6/2016 19:36

It would seem that the pivotal factor is the rise,or not, in US interest rates.
They are going up v soon so $1300 might be nice but short lived.

[brasso3] 04/6/2016 06:05

Gold finished at $1244.

I think another push towards $1300 is on in the next 2 weeks.

[mattjos] 03/6/2016 21:03

Planets are slowly aligning themselves here now.USA economy is being found out for what it really is right now.The Leave campaign here is gaining ground off the back of the ridiculous assertions of the banker/political elite Stay cronies.The more Cameron & co wheel in the likes of the IMF, Obama, GS etc to try and scare us all into federal European serfdom, the more the average person sees the BS for what it is.A rolling over USA economy, Brexit & then a Trump victory .. That's a backdrop against which gold is going to bid well through recent highs in the next 5 months.In AAZ's case, we also have the state now pretty keen to get Chovdar and the other gold properties away from AIMROC and into production, for the good of the nation & help salvage the presidents reputation. Just too risky to try and trade this and hope to outsmart both the MM's and the above scenarios. Slightest demand here and the MM's simply close up the online stock available.

[jeanesy] 03/6/2016 17:36

The POG is crucial to our current price movements. Nice to see it rise again. Lets hope we can maintain it this time.

[brasso3] 03/6/2016 16:24

The US job numbers will push a FED rate rise back a month at least. With the Brexit vote 20 days away can only see gold going up in the coming weeks.

[mattjos] 03/6/2016 15:44

snagged some more today but is becoming increasingly hard to buy on the dropbacks at this level now. MM's appreciate that there are more folk watching this now than 6 months ago

[brasso3] 03/6/2016 15:15

No stock available online.

I even went down to 10k just to check.

[brasso3] 03/6/2016 14:56

Gold flying again!

[mattjos] 02/6/2016 17:29

Gold and silver header charts now ok ... Ticker codes for all PM's has changed

[celeritas] 02/6/2016 14:46

Why bother with golds daily moves, the least you want is the monthly average.

[zhockey] 01/6/2016 16:15

Gold selling off, bias still looks to the weak side.

[zhockey] 01/6/2016 14:42

Where goes gold goes aaz in the short term I think. Jobs numbers again on Friday could be the next spark up/down.

[mattjos] 01/6/2016 13:30

Happy to report that Eurotunnel Fret is working perfectly! :-)

[pippin6] 01/6/2016 13:22

June 2014 and March 2015 support/resistance levels at present.

[pippin6] 01/6/2016 13:20

Anyone fancy a top up to get the price moving - it's on a support level here if you go back a while. I'm not going on my own as the volumes not here at present. 9.925 to buy.

[jbravo2] 01/6/2016 13:11

Indeed, although I don't think I've seen any of the state press referring to us in that kind of way. Its just the independent stuff isn't it? When they try to run comparisons to show up the bad situation elsewhere.

[mattjos] 01/6/2016 13:05

Everything we are now reading in the press about Chovdar is all positive I would suggest.Firstly, it is now being openly reported on & in the state press (aka state approved), in addition to the independent press.Secondly, AAZ is being repeatedly referred to as the 'correct' way to do things.Thirdly, it does not look like it will take long, given the timescales outlined.Looks like a potentially very exciting period just ahead .. Should be worth the long wait

[jbravo2] 01/6/2016 12:56

It is likely we will never know the full amount that changes hands from the state to AIMROC's bankers and AIMROC (if any is left) for their properties. It is likely the state could just requisition them if it was so minded, as it could ours, if we were failing to "act in good faith" (see section 10 of our PSA re ownership). Of course this is unlikely given who owns it. They will probably pay handsomely for them. It is not our problem really, more a problem for the people of Azerbaijan.
There is an upside for them though of course.

The key point is the state will own the property, (as it will have reached zero balance) and can appoint a contractor to use the facilities.
This is EXACTLY the situation once the plant at Gedabek has been paid off in full. That's right folks, we won't own the plant, Azergyzil (the state) will. But crucially of course, we will retain the right to use it. Same as we never actually own the contract areas. Just that we have exclusive right to use it.

Please people if you've not read the PSA do so.

It seems to me once the sites are owned by the state they will be wanting to appoint a contractor asap. Someone who can get people in to run it and produce gold, employ people etc.
A possible option might be to simply sign a PSA on the same terms as our existing and appoint us as contractor. If they choose to charge us for the property it has two effects. One AAZ need to raise money for it, which clearly isn't good for us, but then also the state will go back to getting 12.75% on that property until we've reclaimed our capital outlay.
They could of course just appoint us as contractors and move straight to the 49/51 split with only OpEx then being claimed. Or money for further expansion etc.

Just some thoughts, ready to hear counter arguments

[celeritas] 01/6/2016 11:59

aaz might just get the job of running it, profit share basis and very little risk to them. Lets wait and see as I'm sure the gov will want the mine working with people employed.

[zhockey] 01/6/2016 11:54

Is 230M just the debt? That would go to the banks would it not? Then I assume there will be aquistion cost of the 70% share?

[terropol] 01/6/2016 11:41

CATSICK, we have no Idea if AAZ are even looking at the project. We just have to wait and see if any progress in made.
But The Azeri government will need to replace the reduced oil revenue, hence they are trying to Get the other gold projects going....
At what price Chovdar will change hands remains to be seen. I would be amazed is the full $230m is paid by the state.

Meanwhile our market cap remains at a very low level....

[celeritas] 01/6/2016 10:56

If aaz don't run it someone else will. I'm sure aaz would do due diligence on any undertaking. A deal could be very much in aaz's favour as either the previous were incompetent or it was shut for political reasons.

[catsick] 01/6/2016 02:29

In any other country chovdar would be bankrupt and the banks would be selling the assets at 30 cents on the dollar to recover what they can on the bad loans, The fact that the azeri president is attempting to have the government buy his worthless families shares is a bad reflection on the country as a whole, aaz should remain removed from this corrupt mess ..