Anglo Asian Mining Share Discussion Threads

[terropol] 03/10/2016 11:05

Looks I may be correct on a record september production...8k oz or more?? Copper...??
About time we get a proper rerating here!

[jbe81] 03/10/2016 10:33

Just shows what a bit of buying can do. Am expecting a few more days like, this this month and this year

[mattjos] 03/10/2016 09:52

POG & earnings are in US$ but the share price is in GBP.
£ is at a 30 year low to the USD and falling

[yasx] 03/10/2016 09:49

Jolly good....

[bumpa33] 03/10/2016 09:42

interesting, we've seemingly been bumping along in tandem with gold price the last couple of months - until today.

[golla] 03/10/2016 09:40

25p could easily be achieved in very short term.

[csmwssk12hu] 03/10/2016 09:28

Looks like some really good news coming

[golla] 03/10/2016 09:27

going up fast.

[csmwssk12hu] 03/10/2016 09:15

Went down last month before production figures and they were not as good as hoped, probably going up this month for opposite reason imho

[andrewsr] 03/10/2016 09:02

Nice start, anticipation of Q3 statement?

[cyberbub] 02/10/2016 09:48

A ha'penny?! Is that anything like a groat? :-)Personally I think that Mr Market looks forward, and AAZ should be closer to 30p at the moment. Perhaps if the upcoming figures are good that will provide the catalyst?

[terropol] 01/10/2016 21:43

Nice to see a few new names on the board...
September should have been a record production month if all equipment working well....
Looking forward to the production update....

[philo124] 01/10/2016 13:15

Probably right.

[mattjos] 01/10/2016 10:52

IF, they were awarded the right to operate Chovdar on a toll basis with the benefits of the toll being used to reduce the PSA from Existing assets, that would seem like a win-win arrangement for all parties and an arrangement that should readily receive the necessary governmental agreement.It's not as if there are a whole load of other gold miners in the country on PSA's who would object ... AAZ are unique and so there are no other existing arrangements to prevent such a development.There would seem to be plenty of ways a deal could be done .... it's more about 'cleaning up' the situation beforehand I think.

[mattjos] 01/10/2016 10:06

I'm working on a base line of seeing the debt reduce by $1m / month now. On current exchange rates of £1:$1.3, Call it £750k per month.At that rate of debt repayment, the share price should be increasing by minimum of a ha'penny every month, rising as the overall interest payable also comes down.Might not seem that exciting but, it's a 37% growth rate in the share price per year!Next year, with the economies of the electrical supply & the water processing, that rate of debt repayment should further accelerate.Anything else in terms of new assets, discovery of new resources, increase in price of gold is as yet unknown but, could have a significantly greater impact on mkt cap.Hold & buy on any weakness, would seem a sensible stance to me.

[pixi] 01/10/2016 07:49

I think AAZ is off most people's radar, which is fine by me. It must be making lots of money over the costs of getting it out of the ground with pog over $1300 and if it gets to $1400 this year, even better!

[brasso3] 01/10/2016 06:36

Lets hope they can get near 19,000oz for Q3 in 2 weeks time. I think 18,000oz is probably realistic if September was a decent month. With an average gold price of $1320 and production costs at $546 the production profits should look very good.

Revenue - 18,000 x 0.87 x $1320 = $20.6m

Profit - 18,000 x 0.87 x ($1320 - $546) = $12.1m

Should see them pay another $5m - $6m off the debt for quarter.

[jeanesy] 30/9/2016 19:56

Sorry jbe81 but POG appears to be moving in the opposite direction again. At least we moved up a bit today. Hopefully not too long to wait for the drilling results !

[andrewsr] 30/9/2016 16:23

They'll kick it into the long grass along with every other financial problem.

[philo124] 30/9/2016 16:07

Think Deutsche will get resolved over the weekend.

[jbe81] 30/9/2016 09:13

Should be a good day for gold

[bumpa33] 30/9/2016 08:14

been a long time coming but Deutsche now surely on the brink...?

[celeritas] 29/9/2016 15:47

I'm sure the government want Chovdar running as soon as possible. Why would you want a potential gold mine, pardon the pun, wasting away with no-one producing from it, never mind the workers who he'll want paid up and with new jobs even if its just to keep them quiet.

AAZ have learnt a hell of a lot in removing the gold from different ores, that expertise could be transferred to Chovdar with the added benefit of a reporting company rather than what Chovdar had before.

[zhockey] 29/9/2016 15:39

But with those hirings that JB mentioned and the recent tenders, it would seem that Azergold are gearing up to run the mine independently.

I mean if you are going to outsource then HR and Medical would be top of the list.