Anglo Asian Mining Share Discussion Threads

[celeritas] 16/5/2017 11:44

zhockey, you need to think before you post.

[zhockey] 16/5/2017 11:20

What about the resource downgrade?

[jbe81] 16/5/2017 10:59

I suspect there will be posters on here buying millions of shares long before it gets to 8p pre the resource upgrade. So not a chance before then.

[celeritas] 16/5/2017 10:41

Appearances can be deceptive.

[zhockey] 16/5/2017 10:39

JBE, the times I have heard that on AIM :)

It usually comes to pass.

[jbe81] 16/5/2017 10:35

One or two posters would love to see 8p here again, not a chance though, unless gold crashes( again very unlikely)

[jbe81] 16/5/2017 10:32

Just from looking at the azergold website, to me they appear to be doing it themselves.

[el_duderino_7885] 16/5/2017 10:18

Zhockey.

8p is very precise. You value this company at £9 million plus debt.

How did you come to this figure?

[robo15] 16/5/2017 09:59

Jbe81
Where did you get info re Chovdar ??

[zhockey] 16/5/2017 09:44

Matt no I'm not back in yet, I still expect to see 8p in the coming months.

The drill results published from Ugur to date are pretty awful so I see the optimism there as baseless. Maybe they have about 50000oz but as you said before this is artisanal scale. They need a 1M+ find to justify the value we were all seeking.

[jbe81] 16/5/2017 08:14

Azergold look to be running Chovdar. There is no fixed dated for state figures.

[jeanesy] 16/5/2017 07:20

Any news about Chovdar tender process ? Are we going to get any gold produced figures ( from stockpiled ore) this month as we would normally have had them by now in the Azer press ?

[mattjos] 12/5/2017 12:17

paying over mid to the sellers

[unionhall] 12/5/2017 08:57

Good to hear that....

[jbe81] 11/5/2017 21:37

Bill seemed confident that it could be reduced. They will certainly have a big saving from using stockpiled ore.

[mattjos] 11/5/2017 21:23

Any follower of EW who sees this chart is now going to be buying this up to 35p in the coming weeks ... whatever the story

[unionhall] 11/5/2017 20:32

Don't think so.

An impact of counting GEO's rather than Gold ounces is that the credits from silver and Copper can no longer be counted, as they will be used to increase the number of Gold Equivalent ounces instead of as a credit against the real gold ounces.

[jbe81] 11/5/2017 20:27

Another important point, AISC of $703 will be lower this year.

[mattjos] 11/5/2017 16:09

damn it .. you've got to be quick at present to try and get any of the sellers stock!

[celeritas] 11/5/2017 16:02

Valued at less than the cost of the agitation plant(about £14m less) never mind the rest of whats in place. I'm amazed people sell at this price, why would you unless you thought is was overpriced.

[mattjos] 11/5/2017 10:22

Think you must be posting on wrong thread jbe or, reading wrong newsflow for this company

[jbe81] 11/5/2017 10:08

Matt, aaz is an exploration company worth 8p a share, why would he buy back in?!

Think there are few that have taken profits that will be buying back in

[friendzarin] 11/5/2017 10:08

Well I attended the Proactive meeting on Tuesday as I needed confirmation on the soundness of the developing strategy.Bill has the natural caution and style of an FD however my inference was that the upcoming JORC was going to be very positive based on points already made by Mattjos and JBE and so I've added to my holding by 20% or so at these levels which may have helped the firming of the share price.I think this is a good price at which to add but time will tell and the JORC will be pivotal.

[2sporrans] 11/5/2017 08:46

Along with "meat on the bones of the strategy" [Mattjos] some meat on the bones of the share price. Indeed, all of the decline since the new strategy was announced has now been reversed [18-19.5p spread quoted]; this in context of a POG drop of ~$40/oz over the duration.
Although I'm a bit peeved my limit buy for 15.5p wasn't realised, it's good to know there's still enough real confidence amongst investors that what management are telling them is genuine and not an improbable, best case scenario or something worse.
Hopefully they're seeing the value of effective communication with us and more will follow through 2017 and beyond.
For myself, I'd like to know how management assess the prospects for larger scale copper production; if only as an alternative way forward should there be either a big, enduring fall in the POG or a dearth of good grade ores.
Given the very long history of large scale copper production here, I'll be surprised if modern technology can't expose further large ore bodies.