Anglo Asian Mining Share Discussion Threads

[xcap] 04/8/2016 10:22

4014 Cel
jb

thanks

[jbravo2] 04/8/2016 10:01

Get involved with AIMROC?
There is obviously still misunderstanding here.
No-one will be involved with AIMROC. They are all but defunct. They are selling their mining interests, plant etc to AzerGold and will then presumably be wound up.
AzerGold will then be responsible for what happens to the properties.


As celeritas mentioned there was some extensive talk around this at the AGM following a question from terropol.
Clearly the company is more than interested in getting involved but we are a company listed on the LSE and as such we wouldn't get involved in anything untoward. This was explicitly stated at the AGM.
It is true however that the president of Azerbaijan did request to meet John Sununu on his recent visit to USA. I presume he wasn't asking about the location of the nearest Dunkin Donuts.
The quickest route to production for AzerGold undoubtedly would include getting AAZ involved in some format. Perhaps as contractor on a fee per oz produced or a % of each oz produced. As yet there is no news to report, no concrete agreements etc. First off AzerGold need to get hold of the properties.
Will they then turn to us? Only time will tell...


Production numbers come out for the dore production every month via the state statistics and then onto the press jidmad.
As for more hedging in H2... unlikely IMO but confess I've not asked about this, simply as I view it as so unlikely.

[celeritas] 04/8/2016 09:55

He isn't getting involved in Aimroc, it's all about cleaning that company up by buying the assets to hand back out again in a professional clean manner. Aaz would be silly to pass such an opportunity up.

[jidmad] 04/8/2016 09:50

I don't understand why someone like Reza Vaziri will get involved in Aimroc, I believe he is too clean for that.
_ I don't overrule the possibility of renegotiating with the government to get the same advantages as Aimroc.

Who says they are going to comunicate July production? I thought the company issues quarterly updates only.

I belive the only piece of news between now and the quarterly update is hedging at $1400.

Thanks

[mattjos] 04/8/2016 09:33

Jeansey ... Maybe try just ignoring it for a day or two. You seem a bit overly obsessed with each movement.It's not possible for it to go up every day. Each rise needs a round of selling to flush out stock for the next move. Couple of weeks time we'll have production news to digest. Until then it's in limbo and slave to a dull summer market other than the normal diary of events likely to affect gold

[jeanesy] 04/8/2016 09:21

Tick down as expected

[brasso3] 04/8/2016 09:19

July production within 2 weeks...

[2sporrans] 04/8/2016 09:06

Jeanesy is right in that all PM share prices are highly sensitive to movements in the price of the metal; a lot of traders and 'momentum' investors plying in and out.
This despite a fixation upon purely immediate spot movements is irrational.
Look at the moving averages for example: Still heading up smartly for AAZ for the 30 day or longer. Even if the POG sags to re-test the ~$1310 support level again, it will at that price be considerably higher than the av. price [not far off $1250/oz off toh] for Q2; fine results for AAZ then.
But, as you indicate Jeansey, AAZ newsflow may land on the virtual mat any time soon; the odds currently being that the news will probably be favourable, maybe highly so.
This might be something relatively trivial, like a new broker report and a target price >30p.
Not that many here would necessarily give a damn .......but e.g just a few days ago the Orosur House-broker just raised it's target price [no report] several pence which sparked a 20% pop in the share price
So trade in/out to finesse your investment at your peril.
Notwithstanding that this may well pay off more often than not, missing the next pop up here will certainly be cause for regret.

Aimroc news could be with us tomorrow; monthly production within 2 weeks.
Not long to wait.
And the new bull market for PMs remains fully in tact at this juncture.

[xcap] 04/8/2016 08:39

not being lazy but could someone direct me to the 'Aimroc' deal. I am not aware of this and would like to read up about it. is there a bb discussion about it that I could be directed to?

thanks in advance

[jeanesy] 04/8/2016 08:16

Why would i do that ? Im just telling it as I think it is. I would sell and buy back if i was sure that we would get no news in between time. If the payroll misses its figures then POG will rise and so should we. That is 50/50 is it not? If the payroll figures are good then POG will fall and so will we ! If that happens i will be buying more when the dust settles!!

[timberwolf3] 04/8/2016 08:03

What a negative post, best sell up then jeansey if you haven't already.

[jeanesy] 04/8/2016 07:39

POG weak atmo. Still no news on Aimroc. Expecting another down day here. Payroll figures tmw will determine direction of POG next week and hence price here as we seem to be very much linked to that at the moment. Week after we should get some production figures for July which will hopefully bolster the shareprice, which could be a fair bit lower by then.

[bleepy] 03/8/2016 22:21

Yep accelerating ....

Baku, Azerbaijan, Aug. 3

Trend:

Official exchange rate of the Azerbaijani manat against the US dollar was set at 1.5947 manats for Aug. 4, said Azerbaijan’s Central Bank (CBA) Aug. 3.

Thus, manat’s rate against the US dollar decreased by 0.2 percent compared to the rate on Aug. 3.

[mattjos] 03/8/2016 20:50

Crazycoops .. Yes business banking.USDAZN now 1.5915 and looks to be accelerating

[crazycoops] 03/8/2016 15:27

Mattjos, was that business banking? I try not to keep large sums in my personal bank accounts, just enough for regular expenditure, emergencies and our holiday fund. I have definitely felt more relaxed about my equity investments since building positions in gold and precious metal shares. A portfolio hedge at worst and hopefully some large gains to be made at best. The gold chart looks like a coiled spring.

[bleepy] 03/8/2016 15:09

" Jidmad 2 Aug'16 - 16:35 - 3984 of 4001 1 0

The share has not moved yet because of the earthquake, the market is waiting for an update from the company.
22 km from Imishli, Azerbaijan · 1 Aug, 05:46

Too far from the mine to be affected, but that’s the market"


Jidmad

Fwiw Gedabek is 317km from Imishli so nowhere near the mine.

Imishli is <> 22km from the northern border of Iran so probably a typo error.

[mattjos] 03/8/2016 13:45

this comes on top of 'new security' procedures introduced 3 months ago .. not communicated to any of their customers until you actually try to move money from one account to another.

ie. we wanted to move GB£ from Deposit A/C to Fixed Term Deposit A/C (in order to put it on deposit for a fixed term and get better rate of interest).
When we tried to do this by email (as have done for last 10 years) ... the instruction was accepted and then rejected 48 hours later. Apparently you must now write a letter and sign it by the signatories and FAX it to the bank!! Fax, fgsake. We don't even have a fax any longer as all comms is done by email or email transmission of scanned documents. This is no longer allowed but, they have never told their customers this. 'An oversight' apparently!
Even though they record all the customer phone calls .. a phone call is also deemed insufficient to effect a transfer from one of your Deposit accounts to another fixed term account, despite having to 'go through security' on the phone first.

Anyone who does not believe that there will soon be controls in place for everyone to deny access to your own money, is deluding themselves.
The crooked banks and politicians are slowly and surely gaining control of all fiat money ... in readiness for what they know is coming down the track

[mattjos] 03/8/2016 13:37

the banks are increasingly tightening up & making ever harder to move money or simply get at your money that you have with them.
This message from our bankers today:

Due to international payments legislation, it is important that relevant information is included on ALL international payment instructions i.e.
a. full details of the payer and beneficiary (payee) e.g. name and address of both;
b. reason for the payment e.g. invoice number, salary, house purchase, school fees etc.
to allow the processing of the payment and to avoid delays and possible rejection in the case of incomplete or insufficient information.

Additional information may be included in the Additional Information field.

[waleoilbeefhooked] 03/8/2016 13:25

Wake up! Last post more than 2 weeks ago. Gold continues to look bullish. Lots of contaminated financial derivative products still to come out of the wash. Europe and China and the US all look weak economically. Political systems in meltdown. Politicians in meltdown. All conspiring to make gold a more compelling investment/safe haven. All IMHO. DYOR. WOBH

[2sporrans] 03/8/2016 12:44

Back up to where it was at the open; well almost 18b<->19.25o.

Selling now seems counter intuitive; especially with other PM miners ticking up today.
Sentiment for prospective AAZ news flow should, at worst, be cautiously optimistic.

Just a little more patience I guess.....

[hedgehog33] 03/8/2016 11:33

Someone sold 'one' single share for 18p this morning.... what's that all about ?

Is that some kind of sneaky signal ?

[jbe81] 03/8/2016 11:14

Surprised there is not more buying. NFP could provide the spike in gold to take this past 20p. If Jbravo is right and we get news on aimroc assets shortly after could get very interesting.

[celeritas] 03/8/2016 10:56

Just chancing it, anyone been asked for stock?

[bsg] 03/8/2016 10:52

Tick down, that is a surprise.