Anglo Asian Mining Share Discussion Threads

[cyberbub] 03/11/2016 12:29

Well, barely 25% of the UK population, and only 35% of the overall electorate, voted for Brexit, so I don't see it as an overwhelming victory.It's a tricky one for the Govt. I understand that 75% of MPs are Remainers because they know that it's not in their constituents' interests to leave, particularly if 2M EU immigrants were deported, it would throw the NHS and the wider UK economy into utter turmoil. Whether the MPs would vote against the slim referendum majority is unclear. Meanwhile as you say it could cause a constitutional crisis if there was a formal Govt U-turn.The most important thing though is to respect the law. Governments and politicians come and go, but if we lose respect for the law or actively undermine the law like Trump, then anarchy will reign.I suspect we might see an early general election within 3 months, if the Supreme Court upholds today's decision.

[celeritas] 03/11/2016 12:10

Very much sour grapes from those who haven't got their way.
Like Matt says if this democratic decision doesn't go through then its likely UKIP will be a major name in UK politics.

[mattjos] 03/11/2016 12:03

lol .. merely a delaying tactic .. the will of the people will not be ignored by the government. It will be done else, they know Farage will be in No.10 Downing Street.
We're leaving the EU and this is just a last ditch delaying tactic by the remoaners

[timberwolf3] 03/11/2016 12:02

cyber - if your wish were to come true , we would see major civil disorder on the streets of England.

[zhockey] 03/11/2016 11:59

Cyber, this is the excuse needed it's all over for Brexit

[cyberbub] 03/11/2016 11:56

The point is that with an AISC of $700, assuming POG doesn't completely collapse, AAZ is very undervalued on any metric.

[cyberbub] 03/11/2016 11:55

Brexit is not 'cancelled', there is an appeal, and *if* the appeal upholds the decision it just means that Parliament has to vote on it.Personally I hope Brexit does get cancelled!

[zhockey] 03/11/2016 11:42

Gold coming off bad with cancelled Brexit, personally I don't think golds strength has been that much to do with Brexit so may be short lived.

[xcap] 03/11/2016 11:35

Mattjos - you don't have to tell me, I coming out at £5 per share plus plus ... (and thats at 75000 gold production) when gold goes through $2000, but didn't want to mention figures like that for being accused of all sorts

we shouldn't forget the other major plus points

- significant Director shareholding since inception, complete alignment with shareholders
- a proven (CEO has put his 'own money where is mouth is') non dilutive policy
- and a proven production mine since 2009

these are major cornerstone foundations as investment criteria, a director putting in his own money is very rare indeed as RV has done over many years

[letmepass] 03/11/2016 11:35

Volumes are picking up day on day.. Bodes well for future rises on positive news

[jbe81] 03/11/2016 11:35

Yes Matt, which is why I don'r really understand your pice if gold is at $4.400. Think you are way out

[mattjos] 03/11/2016 11:31

prove up another 2m oz at Gedabek and run that through your ready reckoner xcap.

The Russian geologists would tell you that 2m oz is still only scratching the surface

[xcap] 03/11/2016 11:22

ASIC of $703 is outstanding

at $1300 gold thats a margin (before GA, depn etc) of almost $600 and at 75000 oz production = $45m/112m shares = 40p esp (gross admittedly)x 10 years pe = £4, discount from this debt capex royalties general admin .... and you still get surely a very healthy sp, are we grossly undervalued???? yes

gold at $1400 and then $1500 begins to looks outstanding value here

[xcap] 03/11/2016 11:14

slide 13

3. Electrical sub-station and associated overhead power lines to connect the Gedabek site to the national electricity grid. This will result in cleaner and cheaper electrical power at Gedabek, which up to now has been supplied by diesel generators. It is anticipated that this will result in cost savings of approximately $1.8 to $2.0 million per annum. Should be operational this month

Slide 14

PROFITABLE –profitbeforetaxof$3.5millioninH12016

LOW COST PRODUCTION – all in sustaining costs of $703/oz of gold for H1 2016

S T A B L E F I N A N C I A L P O S I T I O N – 16% reduction in net debt position achieved within the past 12 months (H1 2016: $40.7 million – H1
2015: $48.7 million)

E X P L O R A T I O N – considerable upside potential from multiple new prospects at the Gedabek area

[zhockey] 03/11/2016 11:06

Oh well Brexit cancelled, what will it mean for gold?

[mattjos] 03/11/2016 11:03

much too early for a divi now. I don't want one now to be honest.

[bleepy] 03/11/2016 11:00

What are the all round benefits to company and shareholder of a maiden divi of say 2p at the present time.
What would that do for the share price ....anybody.

Btw great rns with plenty more news in the pipeline.

[cyberbub] 03/11/2016 10:58

Brasso can you clarify?

[jbe81] 03/11/2016 10:48

An excellent RNS that has yet to be noticed or part of the reason for the recent rise. Think will be going much higher next week.

Will the chart mirror that of a few years ago or will the rise be swifter and higher? Depends what is going on here

[mattjos] 03/11/2016 10:35

you're welcome iltl ..... hold on tight to them. In the future, the maiden dividend from the company may well cover all your buy costs at that level

[cannonfodd3r] 03/11/2016 10:32

Glad you all doubted me regarding an RBS today!

[brasso3] 03/11/2016 10:30

Cyber (Post 5364)

*Please note that there are no royalty costs included in the Company's AISC calculation as the Production Sharing Agreement with the Government of Azerbaijan is structured as a revenue sharing arrangement. Therefore the AISC is calculated using a cost of sales which is the cost of producing 100% of the gold and such costs are allocated to total gold production including the Government of Azerbaijan's share.

[csmwssk12hu] 03/11/2016 10:28

Yes it is low compared to others

[ilostthelot] 03/11/2016 10:18

The AISC is very low compared to many gold miners and will make it easier to value for many potential investors.

[letmepass] 03/11/2016 10:13

Paying off debt, lower costs all we need is increased production and gold to rise