Anglo Asian Mining Share Discussion Threads

[robo15] 30/6/2017 09:21

Positive statement.

[catsick] 30/6/2017 09:18

Yes would be very interesting to get the gossip from the agm especially as regards the drill program and how much they perceive to be in ugur or how much sulphide they think they can still get from the main pit before having to resort to underground mining there, it is amazing that the mine generated enough operating cashflow to pay all the current outstanding debt in 12 months and with another 9 months could buy back all the shares at current prices ...

[slavy] 30/6/2017 07:46

Many thanks Jb

[gutterhead] 29/6/2017 19:26

Thanks Jb, appreciate you making the effort and sharing with us. Let's all hope for a positive meeting and look forward to reading your notes.

[jbravo2] 28/6/2017 17:26

Hi Slavy,
yes I'm going as usual. I'll be happy to provide feedback, as usual, granted it usually takes me a few hours or perhaps till the next day as typing on my phone is just a pain. I'll wait til I get home etc.

[slavy] 28/6/2017 14:30

Is anyone on here going to the AGM on Friday?

I can’t make it this year but would appreciate feedback if anyone from here does go.

I expect we will get an AGM statement on Friday morning before the AGM.

[zhockey] 26/6/2017 16:07

I never said it would fall in a month, but it clearly double topped and is on its way down...

[jbe81] 26/6/2017 14:28

We have had a month since it was supposed to fall dramatically instead it went to $1290 :)

[zhockey] 26/6/2017 13:12

Give a couple of months JBE :)

[jbe81] 24/6/2017 08:12

Gold a long way from being sub $1000 too.

[mattjos] 23/6/2017 21:28

The company is sat on what is locally referred to as a mountain of copper .... with plenty of gold & silver by-product.It has just made a significant new local oxide-gold find ... both of these resources are mere specks on its still mainly unexplored Gedabek estate.It now has Heap Leach, Agitation Leach, Flotation & SART processes established and can mix & match their processing methodology to suit the ore as presented.The majority of the plant is paid for & what debt remains can be virtually completely paid off by just processing the mined & stacked ore, without having to blast any more for the next 12-15 months. The primary mining costs of the stacked ore has already been expensed over last 18 months.Yet you seem to conclude the company is in a bad position?? Go figure!

[mattjos] 23/6/2017 20:57

Lol ... keep trying zhockey

[zhockey] 23/6/2017 20:54

The problem is they don't produce much copper. They made a mistake to invest 50M in a gold oxide plant when they needed a gold/copper floatation plant. Where would they be now if they spent 50M on a flotation plant, 200p?

[celeritas] 23/6/2017 17:36

Copper is a much better conductor than aluminium, resists higher temps and corrods less so is the preferred metal, however aluminium is used when copper gets expensive.
As Matt says I can see a huge mkt for copper regarding hybrid and electric cars which wont switch to aluminium.

[mattjos] 23/6/2017 17:26

all quite true .. was at the Toyota Burnaston plant recently on a project and the engineers there say Toyota will cease production entirely of diesel engine only cars in 5 years time.
Beyond that, all their cars will be either hybrid petrol or solely electric before going completely electric when the charging infrastructure is built out.

I hear similar also from Tata in India (who own JLG here also).

Some copper cabling (for power transmission) can be substituted with Aluminium but, not in electric motors

[goodgrief] 23/6/2017 16:20

Given copper has become more significant to AAZ... I came across this tip sheet email pushing the notion of a looming copper shortage. Warning, despite heavy editing it's still pretty verbose.

"This Commodity Shortage Is Finally Here

What makes copper so special? Copper Is Everywhere... It Runs Everything... It's the World's First and Most Crucial Conductive Material.

Ever since the very beginning of electrification, copper has been a universal, and that's one thing that even two centuries of technological development haven't changed. 

The problem is, in the past, copper was one of the most abundant metals we had, and supply was rarely an issue. As electrical devices and the copper on which they relied became more and more prevalent, however, that balance shifted. That balance shift was what led to the decision to take copper out of the US cent in 1982. That 1982 decision bought the world some time to get its copper requirements in order — seemingly enough time — but nobody in 1982 could have ever predicted just how profoundly the electronic revolution that came in the 1990s and 2000s would throw off their projections. 

The exponential explosion in computers, televisions, and particularly electrical motors, each of which required a copper coil to create a magnet field, hit the copper supply so hard that another crisis would start to loom just as the previous one was averted. 

In 2009, we crossed a very important, historical milestone... There weren't any fireworks, though, because it wasn't the kind of milestone anybody in their right mind would want to celebrate.  That year, you see, we hit a tipping point. The 24 years leading up to 2009 saw half of all copper ever produced used up in the course of industrial consumption. 

In the 24 years that will come after 2009, the amount of copper we'll need will be double that — equaling the sum total of all the copper ever produced. 
So, putting this into perspective... Between 1984 and 2009, humanity consumed half of all the copper it's ever produced, starting from the very dawn of civilization. 
Between 2009 and 2034, humanity will consume it all. 

But how can that be possible, with so much copper already in use across the world in billions of miles of wiring and billions of electronic devices? The answer is that it's not. Between 2009 and 2033, demand will exceed supply... by a long shot. 

Today there's a new force pushing copper demand. It's one of the biggest things going on right now in the tech world, and in the coming years, it's going to completely change the physical appearance of our cities. I call it "industrial electrification"... and it's nothing short of a second industrial revolution. 

With the rise of electrical vehicles, both personal and industrial, and the explosion of renewable energy generation like solar and wind power, the world is finally leaving behind fossil fuels as the primary source of power. 

Their demand for power is set to explode in the next two decades, growing by a factor of more than 100 as EVs start to dethrone the internal combustion–driven vehicle fleets of the world. 

Even if all of our existing copper producers go into full overtime and run their smelters 24/7, we'll still be out of copper by the early 2030s."

[mattjos] 21/6/2017 10:39

stupid situation without the trades being properly reported here.

I see the MM abbreviations have now all reverted to their old ones ... eg. Shore Capital has gone from SHOC back to SCAP so, I assume the exchange IT systems are being rolled back to some prior version to try and solve the problems.

That 7,910 shares at 18.9p; looks like it was a UT from the morning auction and hence why the price is being marked up but, there was 33k stock supposedly offered during the auction at 18.25p from 08:50 to 09:00.

Doesn't make a heap of sense to me at this time

[ferries5] 19/6/2017 13:35

Azerbaijan records explosive growth of gold production

Not sure if it tells very much

[jbravo2] 19/6/2017 11:18

Mostly right there cannon.
You're right Chovdar is expected to produce a smaller amount than Gedabek. About 40koz a year, however the large report is due to AzerGold dore being sold.
AIMROC had built up a stock of several hundred kilos of dore they couldn't sell. This is why they had to shut down, they couldn't sell their products on the open market. (Company structure and all that)
This metal was sold to AzerGold as part of the assets and is now being offloaded by AzerGold. It was in the press that $20m or something had already been sold and from memory that was about a third of their stock.
It will be a bumper year for AzerGold but it won't be representative of future production.

[cannonfodd3r] 19/6/2017 10:52

Well there is no way Chovdar is producing the same if anywhere near the amount AAZ is as they only have heap leaching and it's only just restarted so either aimroc have started feeding in previously produced gold to clean up the sale of it or and more likely things are going very well at gedebey with regard to stockpile useage

[jeanesy] 16/6/2017 19:07

hxxp://interfax.az/view/705958

hxxp://en.apa.az/azerbaijan-economy/infrastructure/azerbaijan-sees-2-2-fold-increase-in-gold-production.html

[robo15] 16/6/2017 18:50

what are the production figures??

[robo15] 16/6/2017 18:49

Where are the production figures ?

[jeanesy] 16/6/2017 18:18

Production figures are out, but because they are now combined with production from Chovdar then there is no way of working them out , so we will have to wait until quarterly figures , unless they are divulged at the AGM.

[zhockey] 16/6/2017 14:50

Celeritas click the filter button if you like.