Anglo Asian Mining Share Discussion Threads

[mattjos] 14/6/2016 12:33

aps .. as I've said before and so too others. The AIMROC assets was a bit of a merry-go-round with regards the money and the ownership.
The parties, seemingly different to the casual observer, were really sub-sets of one another.
However it is packaged up to move the assets back to the state, matters not a damn, in my opinion. The money all originated in one place & went around in a circle.

This is all about cleaning house ... & that is why it is being done quickly.

The assets are going to be bought back in to state control/ownership & then released to new 'contractors' (to use the PSA parlance).

Can not folk see the opportunity that is rapidly coming our way???

[celeritas] 14/6/2016 12:33

It's not, it's trying to put a different spin on the Aimroc acquisition, I call that trying to mislead.

[lw425] 14/6/2016 12:28

matt. it's called 'risk awareness'

on top of the near 50m of debt, very little cash in bank and only mabe 8 years of reserves left

in my view the share looks toppy and overvalued

[celeritas] 14/6/2016 12:27

Matt, I think people very well know it's Aimroc, it's been in the news for a good while now. It's funny how the mm's were short on stock then suddenly people are trying to put a different spin on the facts.

[bleepy] 14/6/2016 12:26

LW425

Been caught twice in the past, I've learned not to fall in love with the company. After all we are all here to make money. I have profited well from the sale and happy to leave some for others with no regrets.

There were a few issues in the back of my mind and today was the nudge I needed.

Believe it or not, I last sold aaz at 54p and profited and started buying back in under 6p with most buys under 5p so am happy, best not be greedy.

[celeritas] 14/6/2016 12:25

Its this i'm interested in

After the purchase of the assets, the working program will be prepared for the development of the given deposits.

Chovdar could be coming the way of aaz, I expect them to be open to some of the deposits.

[aps55555] 14/6/2016 12:25

How much are they paying for Aimroc assets? They aren't buying them for free, are they? Could they do the same for Aaz?

[mattjos] 14/6/2016 12:22

What? is the fuss about ?

This article encapsulates all that is going on & it has been so well flagged ever since the panama papers leak.

This is all about the AIMROC assets. Taking them back into state ownership, aka Azergold & then ensuring the assets are used as per the way that AAZ use the Gedabek asset.

[zhockey] 14/6/2016 12:15

LW425

Keep going we might get to buy at 10p.

Cheers for the discount!

[lw425] 14/6/2016 12:14

well done bleepy.

that is what alarms me - look, as a potential foreign investor that is NOT what you want to read.

can you see mexico behaving like that or peru?

[bleepy] 14/6/2016 12:06

Tried to convince myself but the following statement is still ringing in my ears...

"In turn, AzerGold is preparing to become the sole owner and operator of a number of gold projects in the next couple of months."

I have made a handsome profit so will leave it to others for now. Will still watch from the sidelines for the mo.

[lw425] 14/6/2016 12:02

I don't see the value here. My understanding is they have roughly say 8 years reserves left at say 70k ounces.

They owe nearly 50m in debt + have only a few hundred k in the bank at end December.

until they start paying dividends the creditor gets the profit so where is the value for shareholder

a lot can happen in two years

that's far too long to wait on AIM

wake me up when debt is below 15m

[jbe81] 14/6/2016 12:01

Great buying opportunity, if it continues will get some more later in the week as well

[mattjos] 14/6/2016 11:58

had some here on this nonsense

[zhockey] 14/6/2016 11:51

This is the second time recently I have noted that online volume is tight followed by an open mark-up, followed by a take down. Are the MMs trying to milk some traders?

[jbe81] 14/6/2016 11:44

Selling here providing an opportunity to buy

[jbravo2] 14/6/2016 11:32

Azergyzil and AzerGold seem to be different bodies regardless of their similarities in name.
One was in existence in 1997, the other created this year. One is listed as a state owned body (in our PSA) the other is a CJSC which is talked about as a state governed company. Who owns it, and in what proportions, I agree, is up for debate.
As for the appointment of its head being by the president rather than the govt matters not IMO. Does anyone really think the govt do anything other than what the president wishes anyway?

Of course Azergyzil and AzerGold were created by different Presidents. They presumably have different attitudes to what they can get away with.
As has been posted by other links though, what is realised is that foreign investment is still desirable, even if you are creaming off state wealth. The state hasn't produced its own oil after all. It's share has generated SOCAR and presumably, at this time of declining state wealth (due to oil price) foreign investment is still desirable.
It doesn't seem feasible for AzerGold to operate every site they will own. They are starting from zero. Depends on how quickly they want it up and running of course. They could just employ the AIMROC guys to run Chovdar again but that's about the limit of the mining expertise in the country.

One thing I can't see happening that keeps being mentioned is our existing PSA being renegotiated on better terms for us. Why would the state do that?

[bleepy] 14/6/2016 11:15

Under the order, privatization will be carried out by decision of the President of Azerbaijan. In this regard, the Cabinet Ministers is tasked to develop within 2 months a new bill on privatization of state property.


As I said, seen to be done squeaky clean. This bill is looking to privatise state property.

Perhaps take state ownership of aimroc ( as its been in limbo for 4yrs) and then privatise under a new psa contract that is more favourable to private investment.

Azer have gone through major changes and restructuring of their banking sector, again demonstrating above board compliance and willingness to conform on the international stage.

[1madmarky] 14/6/2016 11:09

Bleepy - was just about to post the same link. It doesn't sound like a government going down a nationalist route. Quite the reverse. The purchases must be of the government's stake and the transfer to the new body. Imho

[bleepy] 14/6/2016 11:05

hxxp://abc.az/eng/news/96777.html

Finance Ministry: new privatization not to start in Azerbaijan in 2016

Baku, Fineko/abc.az. This year the Ministry of Finance of Azerbaijan does not expect a significant impact on the State Budget from May’s order of Azerbaijani President Ilham Aliyev on additional measures on improvement of state property privatization.

Finance Minister Samir Sharifov has stated that the privatization of state property on the new rules will start since 2017.

"In 2016 we will complete and fulfill all requirements in compliance with the presidential order to begin applying the new system since next year," Sharifov said.

Under the order, privatization will be carried out by decision of the President of Azerbaijan. In this regard, the Cabinet Ministers is tasked to develop within 2 months a new bill on privatization of state property. The State Committee for Property Affairs should also submit annually within the budget package for next year the list of privatizeable facilities. The privatization plan for 2016 should be submitted during the month.

In connection with the order the validity of all decisions on privatization within the II State Privatization Program, on which privatization transactions have not been concluded, was halted. Given that, a new list of facilities in state ownership should be made for 20 days.

[bleepy] 14/6/2016 10:58

This has to be seen to be done squeaky clean. Aimroc's psa contract was far more favourable than aaz's probaly because his two daughters had such a high stake in the company (Panama leaks).

So a compromise on psa contracts set perhaps half way between aimroc and aaz's terms would leave aaz much rewarded.

[celeritas] 14/6/2016 10:57

Room for PSA improvement, looking very good if aaz can get another 20%

[bleepy] 14/6/2016 10:52

So a renegotiation of our psa contract to more favourable terms, those given to aimroc would certainly be acceptable.

I'm guessing more favourable loan arrangements are also on the agenda.