Anglo Asian Mining Share Discussion Threads

[mattjos] 28/6/2016 13:55

they're just dropping the Bid in the hope of a seller. Offer remains high

[jeanesy] 28/6/2016 13:15

They dont seem to have got many do they ! Buys now at full ask. The quoted spread seems ridiculous !

[jbe81] 28/6/2016 09:54

MMs trying to pick up some shares, wont work, will be back up in a couple of days

[mattjos] 28/6/2016 08:57

Couple of weeks or so until H2 ops update & Q2 figures

[jeanesy] 28/6/2016 08:49

Thats great news jbravo2. Lets hope that a few more sell here so we can pick up a few more shares at a cheaper price. Looks like some are taking profits . Nothing wrong with that in this climate, keeps the MM'S happy. Allows those with longer term plans to pick up some cheaper shares!!

[jbravo2] 28/6/2016 08:33

I'm certain you'll be more than a bit "bit annoyed" in 2 years.
Where else are you going to put your money with such good prospects? I guess everyone who owns a share says that though.

Anyway, another couple of snippets...

Further cost reductions:

The electricity deal has been signed and the substation cost 3.1m Manats. ($2m) It is predicted to produce a cost saving above that EACH year. It will be operational soon. Couldn't quite pin a date. Got the feeling Q4.

The water detox plant will produce cost savings in two ways. Firstly it will drastically increase the life of the tailings dam. It's filling up with water and that's an expensive way to deal with it. Secondly the water will have cyanide recovered for further use.


These shares are oh so cheap. Cheap for the future of Gedabek, never mind if anything additional comes our way.
Oh and net debt could be $35-38m by year end.
Cheap cheap cheap!

[catsick] 28/6/2016 03:57

Not looking too bad, maybe next year I will join at the agm, I have a half percent of the company and a bit annoyed I took profit on the other half percent between 8 and 15p , think there is a good chance we are at 50p for the next agm ....

[terropol] 27/6/2016 23:06

Well it looks the bright Spot in Europe is Italy...Go on Blu shirts...go all the way.
I may have enough profit on here by then to buy some proper Champagne...

MATTJOS thank you for driving today.
A long way to go...but worth every mile.

[mattjos] 27/6/2016 22:10

AAZ the place to be Jeansey. The footie was a forgone conclusion. Our footballers as competent as EU bureaucrats & bankers

[jeanesy] 27/6/2016 21:54

Excellent ... unlike the football ive just watched.. thanks Matt

[mattjos] 27/6/2016 21:10

Jea easy ... Yes, they are still at it. Nothing they can talk about at present but, sounds like two areas of interest being proved up.

[jeanesy] 27/6/2016 21:07

Was there any mention of drilling please?

[bleepy] 27/6/2016 20:55

Looking further ahead

Russia to inform France, US about Karabakh conflict’s settlement process.

Anglo Asian holds the rights to three areas covering 900 square kilometres located within the Occupied Territories of Azerbaijan.

From memory isn't one of the three areas a working gold mine?

[mattjos] 27/6/2016 20:50

Greenspan advocating a return to the Gold standard!http://www.zerohedge.com/news/2016-06-27/greenspan-warns-crisis-imminent-he-urges-return-gold-standard

[bleepy] 27/6/2016 20:00

Mattjos

Many thanks to you for your thoughts on agm. Also your valuable contribution and sobering outlook.

Having jumped ship recently at average of 6.6p having doubted myself and the facts, I did reinvest rather swiftly to an average of 7.7p. A lesson well learnt and not forgotten. Your input at the time brought me to my senses so thanks again. Damage limitation but well salvaged.

Great rns today with aaz confident of targets set. With the flotation plant teething sorted and production being ramped up it remains to hear what June's flotation contribution will be.

The Company has also started on several initiatives to improve the sustainability and lower the costs at Gedabek alongside seeing better grades.

[jbravo2] 27/6/2016 19:37

Re John Sununu.
Absolutely. He spoke impressively, walking the tightrope of what could or should be said.
His years as such a heavyweight politician will serve us well and I'm sure it was a most interesting chat the three of them had in Washington.
:)

[mattjos] 27/6/2016 19:07

One of the facts aired at the AGM that I had not really familiarised myself with was that AAZ have invested $190m to date on their properties.One of the benefits of the PSA is how quickly they are able to depreciate that investment.$190m .... Just think about that investment quantum & then consider the current market valuation afforded the company.This was also the first time I have been able to hear/speak with John Sununu. Very impressive manReza has really assembled a terrific team in the company & my intuition is that we may now be witnessing something quite extraordinary emerge after AAZ first listed. I do hope that more investors make the effort at the next AGM .. Remember, the directors are travelling some considerable distance to make themselves available to investors.

[joey wilson] 27/6/2016 19:07

Back in after long time in and out. Very positive with this one being watching for 5 years and lost along the way with lots of different shares. Always had a soft spot for aaz.

[brasso3] 27/6/2016 18:39

At 16p the market cap is only £18m. Plenty further for this to run yet.

[wrighty46] 27/6/2016 15:36

Don't think you will wait anywhere near that long here. IMO this could be pushing 70-80p by end Q3 if this company carries on as expected. GLA

[ilostthelot] 27/6/2016 15:21

I'm hoping for over a £1 per share within 3 years.

[jbravo2] 27/6/2016 14:02

Oh I should imagine a large number of holders will now be holding far past that jbe.
Mr Vaziri and Mr Sununu for two. Indeed Mr Sununu shared he would have liked to have bought more recently but has been prevented from doing so by AIM. (Due to the combined number they would hold and whether they can be considered acting in concert one would presume)
It was shame he decided to turn down TERROPOL's kind offer of letting him buy them for him if he lent him the money

:D

[jbe81] 27/6/2016 13:50

Cantor certainly seem to have a different agenda now. Large volume here is great, new holders at 16p will be looking for a good return, long term holders and the board holding a lot of shares, shares will remain tight until at least 30p, probably 40p

[jaspoland] 27/6/2016 13:49

Guys thanks for the feedback. Was the D word mentioned?

[jbravo2] 27/6/2016 13:42

A fabulous AGM for a fabulous company.
I guess people are waking up to the fact that the longer you wait to buy in here the higher the price will be this year.
It looks like it'll close well above 16p, and even if it doesn't today it will very soon this year.
It'll soon be closing well north of 16p. 20p, 30p.
The results for this year will be fabulous. This is the turnaround year.

Blah blah blah. And so on. Apologies I'm boring myself :D
If you haven't got it yet, you won't ever get it.