Anglo Asian Mining Share Discussion Threads

[jbe81] 29/4/2017 09:29

AAZ are presenting in London on the 9th, will be very surprised if we don't get positive news before then. Would highly recommend the event to any investors who have doubts as the chance to talk to the team afterwards is invaluable.Last time Bill, Stephen and John were there, and spoke to Stephen at length and am not at all worried, but definitely have more questions for him now.



Hope people who have sold out after holding for a long period of time buy back before AAZ rerates. Cant see how gold is going to dramatically fall with weak US economic data, Trump's policies, N Korea firing missiles etc etc etc etc

[jeanesy] 29/4/2017 08:20

Lets hope you are right. Unfortunately the market thinks otherwise at the moment and that is down to the poor PR from the company. It has kept investors in the dark about its plans and not given anywhere near enough explanation about its change of tack. What you have written makes total sense ... but the point is is that the real reason ? .. we will only know in time and if/when the company puts out some update. by the way weren't we promised news on drilling a long time ago ? !!

[aim_trader] 27/4/2017 12:59

Anglo Asian Mining CFO Bill Morgan will be presenting to investors at the Proactive One2One Mining Forum on the evening of 9th May. To register, click here:

[zhockey] 27/4/2017 08:43

Have we not been saying that for years?

[jbravo2] 27/4/2017 08:31

You reckon they're building a road and moving 1mt of earth without having a good idea of what's there?

[zhockey] 27/4/2017 07:58

Matt, what will be the outcome if their exploration efforts fail?

Therefore are they not by definition an exploration company?

[jbe81] 27/4/2017 07:53

Nice to see the big buy orders return in the auction

[redtrend] 27/4/2017 06:33

So in space of 8 days, AAZ has gone from releasing a great update with an estimate of $32.5m profit this year, to a basket case exploration company worth a market cap of only £9m (8p SP)

Consistency and integrity...

[bleepy] 27/4/2017 00:35

Mattjos

Spent some time enjoying Kruger park myself. Only ever saw 4 of the big 5. Stay safe.

Keep an eye out for those scavengers they're scrupulous.


My brother's sister in law has a farm near there. He sadly passed away before Xmas last. A lot of fond memories of that part of the world.

[mattjos] 26/4/2017 21:04

Ok mate. Best of luck. I think you must be reading a different set of accounts to me but, we each do our own thing.

[zhockey] 26/4/2017 20:38

Matt I beg to differ. AAZ IS an exploration company.

I wouldn't buy above 8p

[mattjos] 26/4/2017 20:20

Speak for yourself jeansey .. added quite a few more today. Sit and moan or get buying! this is reaching insane valuation so will simply step up my buying from here. This kind of sentiment was prevalent at 5p & like a few others I took advantage .. happy to do same now.Thank technology for limit buy orders else screwed for access in Kruger Park

[jeanesy] 26/4/2017 19:46

Another day , a 6% fall !Close to 15p now. Really dont see where the bottom is here. Where are all those buyers who think this is a wonderful opportunity.All those who still hold are seeing their profit tumble by the day ! Averaging down is all well and good but only when the shareprice starts going up and it hasn't done that for a long time.

[andrewsr] 26/4/2017 17:40

The share price peaked at about 34p when the gold price was about $1275. AAZ has followed the gold price down, but not back up again. Sentiment rather then rational thinking seems to be in control of a lot of gold miners at the moment.
It should be interesting later this week to see how the gold market responds to an out of control US debt problem re-setting the debt ceiling and Trump's demands for massive tax cuts.

[mattjos] 26/4/2017 17:02

plain daft mkt cap. As Celeritas says, this is not some pie-in-the-sky exploration company with no production or no production plant.

We're a profitable & productive mining company that is simply reviewing the multiple options it has to determine the optimum strategy for next phase of growth.

This is trading at close to just 10% of capex to date

[redtrend] 26/4/2017 16:33

With a mere 17.5m market cap I would say a lot of the market probably is here and does follow boards, so there is some point to debating here

1% of AAZ now only £175k

[zhockey] 26/4/2017 16:21

There's no point arguing with the market and the market ain't the folks that post here.

[deanroberthunt] 26/4/2017 14:01

looks very weak, plummets on small selling, 10p target?

[zhockey] 26/4/2017 12:28

JBE, what you are not getting is that I still hold those views, although I do not believe the wider market does and hence the share price will underperform in the coming months. I have said this about 5 times now.

[jbe81] 26/4/2017 12:25

Zhockey your posts from the day before you sold out

Riley, post PSA AAZ should be making $30M a year free cash flow which is more than the current Macao, that is not so bad is it? :)


Ferries, they said the objective is to expand production.

Either way you look at it the reality is that by the end of this year they will have close to no debt and a $200m plant. Everything they produce will be free cash flow.

Also they have what $250m of copper reserves?

At 20m Mcap The glass is more than half full I would say!


They can produce 55k without mining anything this year, the costs will be very low and they can utilise the workforce and machinery to get Ugur up and running. Then back to two pit operations next year.

I suspect they will find at least one more Gadir type deposit under the Gedebek pit.


So not complete BS

For the record I don't have a problem with these posts, or you selling just don't think there is any difference with what Matt did, didn't mind that either. Anyway enough of this, hope you buy back in and make some good gains when you do.

[zhockey] 26/4/2017 11:44

Hi 2SP,

Just to clarify the AL plant was not a reason for me selling, that is water under the bridge. We had the pain of that decision 2014 to 2016. Maybe those that say the AL plant was a good investment were not holding back then.

You are right that my enthusiasm was/is based on resource potential. I still think they'll get there but now it seems to be much further down the road and I know how unforgiving the market can be to AAZ.

My model suggests they will drop a lot over the next 6months and I do not want to hold all the way down, again.

All the best.

[2sporrans] 26/4/2017 11:19

I can't see the problem with either your selling or your reasons ZH.
You haven't been that bullish for months now.

It came across to me that reserves expansion was very key to your enthusiasm; hence no surprise the current uncertainties have dampened it or you would expect other investors to think that way.

As for your follow up reasons for selling such as POG collapse or mismatch of AL plant v sulphide:oxide ore resource mix, they are valid and worthwhile discussion points.
Elicited some good replies.

Same goes for others who sold, gave reasons, like Jeanesy.

It also speaks...that you are still posting here so regularly.
Perhaps you will be interested in a re-entry......in due course? [I don't question you have sold.] Sort of buy the dip?

I sold out of OMI a couple of months back [was a long term holder]; mainly because I don't see it's true AISC being less than ~$1,200/oz [might be nearer $1300/oz next 5 years.] nor want to bank on the POG getting to $1400 which makes the investment case imho. It is debt free but I think it will keep exhausting all its cash built up during low CAPEX production runs on a series of underground developments as each development is only good for 30-40k production runs - pretty much it's annual output.

The point being that when I sold, I didn't post much thereafter as it did not concern me to do so.
I look to the living.

[2sporrans] 26/4/2017 10:50

Good point about the weaker $ ED.

Allied to the weaker $ is the more muted [than broadly anticipated] US economic growth + inflation; both absolute and relative to Global.
This is reflected in the sagging US bond yields and flattening of the time curve; the projected opportunity cost of holding gold has fallen.

As for fear.
Fear of what and by whom?
Brexit is a minor consideration.
It only matters hugely to Britain; not important gold buyers.
On the other hand, e.g. Chinese buyers are key so whatever moves or impacts upon e.g. their capital flows, currency, banking, reserves mix or even their property market is well worth keeping track of.