Anglo Asian Mining Share Discussion Threads

[mattjos] 11/4/2017 22:48

Gold behaving as the chart said it should .. whatever the impetus may be determined as. Just art starting to get a little frisky but, I don't think we ain't seen nothing just yet!Pull your finger out, ffs, Reza .. you've had way, way long enough to update on Buttibulag so quit messing about any longer .. Ugur also probably warrants an update now.Why are you still procrastinating now? Setups don't get much better so, get your elbows out & get moving.

[brasso3] 11/4/2017 19:24

Lets see if the Americans put the dampeners on the gold price this evening...

[jbe81] 11/4/2017 19:18

Trying to talk it lower to buy back

[crazycoops] 11/4/2017 18:30

We? Are you back in jeanesy?

[jeanesy] 11/4/2017 16:06

POG very strong this afternoon. We need to get those figures out of the way before it has an effect on the shareprice though !

[edjge2] 11/4/2017 15:13

Added some in case they surprise, with war mongering gold seems up. Not just an eccentric event. Sarin is mega toxic so even with a hose down anyone handling a poison effected person barehanded should die. Did they or didnt they use sarin?
Trump had an excuse to show strength anyway, presumably to dissuade Koreans but that unlikely to work. Putin unable to back down as he wants entry to Mediterranean via assad. A right mess!

[el_duderino_7885] 11/4/2017 15:06

Dollar/yen and gold now at critical resistance levels.

Will either fall back down or blast through towards $1,300 in the next week or two.

[jeanesy] 11/4/2017 08:24

Cant see FY production of 55k myself. Debt will not have come down much either based on Q1 production. The only saving grace here atmo is POG. need some positive exploration news to boost those reserves .

[brasso3] 11/4/2017 06:47

Redtrend

Exactly the AISC will go up by maybe 20% at 55,000oz but there is no guarantee that gold will be $1250 per ounce. The high production in the past has allowed most of us to overlook the modest reserves as we all expected that to increase later. AAZ is in a safe place now compared to 2 years ago but it feels like a cycle could repeat here to me if gold drops to $1000 - $1100.

[redtrend] 11/4/2017 06:35

Even at 55K Oz, is this not priced in on basis AAZ now only has market cap of £21m? Particularly as debt has reduced to 35.1m and will be down again when Q1 is released.

A lower gold production will of course push AISC per ounce up, but then connection to grid, increase copper price and quantity (compared to last year) will counter this. So arguably AISC is probably still in region of $700-750 (last announced AISC was $703 in Nov presentation for 1H 2016). Manat is still very weak against the USD at these levels and weaker than it was in 1H 2016.

So you're still looking at potential operating margin of 27-30m this year based on $1,250 gold at 55K Oz production (before government take and costs outside of AISC).

What is AAZ's current life of mine?

[jbe81] 10/4/2017 21:05

Bet it won't be Friday or Monday

[brasso3] 10/4/2017 20:57

Last year Q1 results were on the 13th April. The RNS should arrive on Friday or Monday.

I expect production will be around 10,000oz - 11,000oz for the quarter and the 2017 FY target will be 55,000oz - 60,000oz. They will need to deliver some exploration upside on top of that if 19p is to hold.

Depending on the news I think I will be either adding or selling out completely in the next week.

[bleepy] 10/4/2017 12:27

Official exchange rate of the US dollar and euro to Azerbaijani manat for Apr. 10 was set at 1.7031 manats and 1.8029 manats, respectively

[jeanesy] 10/4/2017 09:23

I know they did some because i emailed Bill and he told me they were drilling and that was in February.

[jbe81] 10/4/2017 09:03

Jeanesy, how much drilling do you think they were able to do in January and February?

[jeanesy] 10/4/2017 08:44

Not been able to comment on here for a while. Not much to cheer about for holders. Saving grace that POG has been strong. Manat moved down to 1.68 from 1.95. Production figures have been poor . No news on drilling reads to me that they have found nothing significant as I know that drilling has been taking place. Not long until first quarter figures are out of the way , we all know they will be disappointing. It will be interesting to see what they give as a full year guidance , especially as they had to move figures down twice last year and then they still didn't meet them! The company needs to re-assure current holders that it has found further reserves to prolong the mine and explain why production has been poor ( cold weather aside as this is can't be the full reason) I hope that copper figures are going to surprise on the upside. I continue to watch and wait until the future here becomes clearer !

[el_duderino_7885] 07/4/2017 18:50

The price action and manipulation in gold and silver today is about as bad as I've ever seen it.

Forget about the attack in Syria oh also forget about the disaster that was the jobs report,nothing to see here.

They twice rigged the USD/Jpy up from critical support at 110.2 and now its over a full point higher!!

Managed to get the metals back below their 200 dma's and gold back in the long term pennant it had broken out of earlier dating back to the 2011 lows/downtrend.

What the f...??!

It's outrageous these banks can get away with this. What happened to free markets?

I honestly think if a nuclear war broke out gold would be rigged down!! Shameful and disgusting.

[brasso3] 07/4/2017 15:54

We will obviously get the bad news about the low production in Q1. We will also find out what the projected production is for the rest of the year. I expect it will be 55,000 - 60,000oz for 2017.

[ferries5] 07/4/2017 12:03

Might get the update next week. I do not feel very confident that there will be any good news.
(What reason to hold it back If there were)
Best I think we can expect, is the reason behind the low production,( hopefully nothing too disastrous) and what they are doing to mitigate it.
Gold price is doing well, the plant is there, only one thing missing.
Like the song says you can't have one without the other. (Resources}

[catsick] 07/4/2017 09:49

Yes aaz usually have the bad weather excuse rather than bad machinery

[redtrend] 07/4/2017 07:56

It's useful to know the Plant is of new and good quality so I have to admit I found post useful - too many times junior miners our having "machinery/ mechanical faults".

I'm not saying AAZ won't be subject to any mechanical problems in future, but it's good to know the kit is of good standard.

[jbe81] 07/4/2017 07:09

I think the suggestion is AAZ know what is in the ground, there is a reason for the investment. Just a reminder for those who are unsure or have forgotten.

Gold flying, could really break out today.

[unionhall] 06/4/2017 15:07

Yes zhockey - just didn't understand what point Matjos was making - responding to a suggestion no-one had made.

[zhockey] 06/4/2017 15:03

I think we all know that UH. Time will tell indeed.

[unionhall] 06/4/2017 08:41

I don't think anyone suggested it was other than good kit....

The only concerns I've seen voiced here are the declining gold grades and consequent lower than expected revenues in recent Quarter/months from the current mine.

Addded to the still unclear levels/grades of ore in new drilled areas....

Time will tell all....