Anglo Asian Mining Share Discussion Threads

[zhockey] 23/9/2016 11:32

Pixi you have a long way to go to catch up with Jbravo. Jbravo, have you stopped buying or are you going to cross the big hitters 3%?

[pixi] 23/9/2016 11:21

I have bought at various intervals this morning to double my holding.

[celeritas] 23/9/2016 10:50

I hate it when these interviews say investors must have done well, try saying that to long term investors who have held from a lot higher.

The share price was beaten down by Bashirov to levels it would never have reached had he not needed the cash. It hasn't even started to get going yet with such a stupidly low share price made to look better because of a forced seller. If it wasn't for Bashirov would it even have fallen to 15p, I doubt it.

Paying full ask now with stock limited at that price.

[zhockey] 23/9/2016 10:47

Celeritas, I've been waiting for 7 years :)

[jbe81] 23/9/2016 10:42

Looks like we are ready to tick up now, then 20p is a big barrier but good last month for q3, increase in the price of gold and any other news could see 30p easily

[jbravo2] 23/9/2016 10:39

Doubling? In the next month?
I guess that would depend on the debt situation after Q3 update but it won't have decreased as sharply as earlier in the year.
A slightly lower Q in numbers but also the spend on the new water plant and electric supply.
So I'd guess back to 20p.

[jbe81] 23/9/2016 10:30

The investment by AAZ certainly speaks volumes, but as yet the market isn't taking much notice. Can see us doubling in the next month though

[celeritas] 23/9/2016 09:50

zhockey, just wait, sometimes for various reasons you can't detail intentions.

[zhockey] 23/9/2016 09:45

Well it would be nice if they defined that plan rather leave to our speculation.

[celeritas] 23/9/2016 09:41

Its a huge resource barely exploited or explored, it just takes time to prove up. AAZ are building up on various plant to exploit all aspects of the region, you don't add the equipment aaz have added unless you know whats to come.

[mattjos] 23/9/2016 08:59

On the basis of thirty years of Soviet exploration, Behre Dolbear summarised the resource as:"Since 1960, Soviet and Azeri exploration activity included mapping, sampling, trenching and underground exploration and Behre Dolbear believe the data generated by this work is generally reliable, reasonable and meets the criteria for Inferred Resources. In its summary of accessible ore resources, Behre Dolbear reports 2.4 million tonnes of copper, 7.2 million oz of gold and 28.1 million oz of silver. In addition, Behre Dolbear estimate that an additional 10 million tonnes of copper and 45 million oz of gold could potentially be present at the properties."

[mattjos] 23/9/2016 08:45

If you think that at the time of the IPO, this was valued at £76.4m ... When they only had the PSA & the properties but, no mine, no cashflow, nothing whatsoever

[mattjos] 23/9/2016 08:38

Catsick, are you able to scan please and email over to me .. I'll put it into thread header if you like

[catsick] 23/9/2016 01:04

I can scan the docs if its possible to upload them onto here , very historic info though so really only interest value, but even 10 years later everything tallies with what we are now seeing

[pixi] 22/9/2016 19:19

I bought some more this morning, just after 09:00, at 15.47p. Gold now at $1340.

[jeanesy] 22/9/2016 18:32

At last a positive move up, not before time !

[zhockey] 22/9/2016 14:33

Catsick,

That's very interesting, the IPO mentioned a Micon report that had 7m oz for Gedebek, are you certain that 21M was for Gedebek?

[bumpa33] 22/9/2016 13:58

Nice to see the seller that's held this back for a while being cleared, first time for a few weeks it's being bid..

[catsick] 22/9/2016 13:39

Looking back a my old files from before the ipo when aaz was ottoman rvi , I see the old russian estimates where they did a massive amount of drilling trenching and digging of adits to explore had gedabek as a 21million oz resource , I guess they now need to flesh these other prospective areas out a bit more will be very interesting to see some newsflow from the digging they are doing now ...

[cast_no_shadow] 22/9/2016 13:38

Also interestingly he USD/JPY which is one of the key drivers of the paper price of gold is at critical support near 100. No doubt the boj will come in here but if it fails you'll see gold rocket up!

[wrighty46] 22/9/2016 13:24

Oh you're joking me. Yas x do one.

[cast_no_shadow] 22/9/2016 13:01

Nice rise in the price of gold today. All white noise though unless gold breaks $1,360
The great thing about this company is the free cash flow at these levels. It would be a winner even without the backdrop of a rising gold price.
10% rise in AAZ too, looking forward to the news-flow between now and Xmas.

GlA

[bleepy] 22/9/2016 12:23

Not forgetting completed exploration findings from ordubad due anytime

[yasx] 22/9/2016 12:20

Incidentally, some might look at the trajectory of the shares over the past six months and think they have missed the boat - not so, I reckon it has much further to run - a little consolidation was required, and this will allow a much steeper climb.

[yasx] 22/9/2016 12:19

All,

I rather carefully have reviewed this stock - as a result I have slowly been accumulating shares over the past fortnight. Assuming gold holds up, this should do very well indeed.

I will produce a detailed review over the next few days.