Anglo Asian Mining Share Discussion Threads

[jbravo2] 25/7/2017 08:04

Printing money right now

[jaspoland] 25/7/2017 07:48

Cooper at a 1 year high

[terropol] 24/7/2017 23:37

With copper expected to be short of supply this coming year...Our copper will be very valuable.
We will take the present valuation, as a reflection of our present copper production. Gold will be our big bonus. And the silver to cast our medals for being holders of AAZ for s long. lol

[mattjos] 24/7/2017 20:04

What lies in wait for us underneath the Gedabek open pit??Gedabek, Ugur, Gadir, Gedabek West .. are they all one in the same - a huge Porphyry copper deposit?Read this & then read the Behre Dolbear report & some of the AAZ exploration updates.https://en.m.wikipedia.org/wiki/Porphyry_copper_depositPiece by piece over the coming 6 months, the jigsaw will come together and give us a clearer picture but, I believe the odds are in our favour .. in the meantime, we have the stacked ore and now another 195,000oz of Oxide ore.& all for £21m!! We are still just rated at fractions of exploration-only companies who have no chance of producing in the next 2-3 years. Most people on holiday just now so, I see July & August as the last chance to buy on the qt before this gets noticed properly.

[gutterhead] 24/7/2017 19:38

60p would do, 80p excellent. It's so undervalued, I can see it.
Next significant step is to get to recent high of 34p.
It seems like when

[mattjos] 24/7/2017 17:56

current pattern indicating mid-60's on completion.

(Quick scout around the trader-chimp threads and no mention of AAZ anywhere so, that is excellent news & hopefully they will stay unaware until we crack 80p)


free stock charts from uk.advfn.com

[casabella2] 24/7/2017 16:28

Looking for some good share price movement north this week.

[wrighty46] 24/7/2017 16:28

A few more for me today. Lovely update, hoping for a slow steady rise from here as the picture unfolds. GLA

[bleepy] 24/7/2017 14:38

Very impressive indeed.....

Anglo Asian CEO, Reza Vaziri, said "Anglo Asian will have progressed from making our first exploratory drill-hole of the Ugur deposit to producing ore from an open pit mine in little over one year. This is a testament to the speed at which the Company can react when presented with value accretive opportunities.



"Production flexibility, expansion and opportunity are resulting from the development of the Ugur gold deposit together with the exploration and optimisation of other deposits in the Gedabek contract area. The resultant production profile will allow a timeframe for expanded exploration and evaluation of other mineralisation indicators for future growth."

[mattjos] 24/7/2017 13:35

seems even more cheap now, after this news, than it was last week

[bleepy] 24/7/2017 12:39

Worth repeating......

the end of August/early September 2017 will allow the Company to assess the extent of the higher-grade gold mineralisation below the Gedabek open pit as found in exploration drill holes.

The future project plan is to construct a tunnel following the mineralisation under the Gedabek open pit and to carry out underground fan drilling to assess the future underground mining potential.

[terropol] 24/7/2017 12:29

This is a low cost bargain.... lol
20m valuation....Helloooooo!

[jbravo2] 24/7/2017 12:18

After the AGM, Stephen stated in a discussion with myself, terropol, friendzarin and andrew that he wanted to get to 100koz/yr
For that, he needed more ore, more processing flexibility and depending on the ore found possibly another crusher (if there is lots more sulphide found he may want another crusher to run two separate lines of processing).

Clearly we're still in a developing picture for that aim, this isn't enough ore in of itself, and nor is it sulphide ore so presumably we're still best placed to double process each batch of ore, but it is clearly a good step forward.

This company has a mind bogglingly low valuation.
It is the sort of valuation which happens when people are worried about a low priced share issue, or a mine running out of resources, or a government about to requisition a mine, or debts which may be seen as too large for the company.

None of these apply here.
The debt one did a year ago, not anymore.
We've never issued shares, never mind at a low price. That isn't going to happen anytime with the board owning 45%.
The government are very onside. There are very close relationships with key people. Reza effectively runs the USA/Azerbaijan chamber of commerce.

As people become more aware of the changing picture here this share price is going to climb steadily this year.
Another year with $80m revenue, for a £20m company.

ha ha ha ha.
Buy.

[redtrend] 24/7/2017 12:06

Sorry folks yep see it now. Normally I get automatic RNS updates from Hargreaves, but alert was a bit tardy today.

Great news for an "exploration company" ay?! ;)

[bleepy] 24/7/2017 11:48

Fantastic update on Ugur' 195koz of mineable gold.

Gedabek Deep Mineralisation Study

Tunnelling from the Gadir underground mine to the down dip extension of the Gedabek open pit mineralisation has commenced. 215 metres of the planned 465 metres have been completed to date. It is expected that the tunnel will be completed by the end of August/early September 2017. This will allow the Company to assess the extent of the higher-grade gold mineralisation below the Gedabek open pit as found in exploration drill holes. The future project plan is to construct a tunnel following the mineralisation under the Gedabek open pit and to carry out underground fan drilling to assess the future underground mining potential. This work will also provide geotechnical data for assessing the rock characteristics for underground stability that would be used in mine design work. Data collected will be utilised to evaluate the future open pit to underground transition. The fan drilling work is planned for 2018.


Surface and Gedabek Open Pit Exploration

Surface core drilling targeted to intersect the down dip extension of Gadir mineralisation comprised six drill-holes with a total of 2,640 metres of drilling. These drill holes intersected Gadir style mineralisation and confirm the extended resource potential.

H1 2017 work at the Gedabek open pit relating to production comprised the drilling of 61 reverse circulation drill-holes with a total of 2,134 metres. Sampling included 7,624 samples from bench drill-holes as part of the mining grade control and 1,213 mining block samples. The exploration and optimisation drilling commenced in June 2017 with two core drill-holes completed with a total of 357 metres and assay results are awaited. On completion of the condemnation drilling work at Ugur, an additional two core drill rigs and one reverse circulation drill rig will be redeployed to the Gedabek open pit area.



The Company's strategy for 2017 is expected to have a positive impact on production starting from Q4 2017. In this quarter, the Company will be able to recommence mining in both the Gadir and Gosha underground mines. In addition, production will commence from the new Ugur open pit. These various sources of ore will enable the Company to quickly increase production and give it flexibility to optimise its processing strategy. The resumption of full production from the main open pit in Q1 2018 will further enhance the ability of the Company to increase production and give it additional flexibility in processing.

[mattjos] 24/7/2017 11:46

call it $1250 - $750 cost = $500 / oz

195,000 * $500 = $97.5m

25,000oz / year = 7.8 years length of mine

The tunnel from Gadir under the Gedabek open pit with a fan drill is very interesting

[2sporrans] 24/7/2017 11:42

RNS: There is indeedy Redtrend

My source:

[mattjos] 24/7/2017 11:40

There is an RNS out ... the news on ADVFN is screwed up today

[2sporrans] 24/7/2017 11:39

Thanks X54v

""Ugur is likely to provide the Company with an easily mineable, 50-metre-deep gold oxide ore body containing an in-house estimate of approximately 195,000 ounces of in-situ gold, which is highly amenable to agitation and heap leach processing." - Stephen Westhead

Succinct!

Even without the JORC, this news dispels notions of this being a small deposit [say around 50k-oz gold]. Better still, should be cheap to extract and to process; especially as the plant is very suited to the oxide ore.

This is also good news:

"• Further exploration in the main Gedabek open pit mine underway with 61 RC and two core drill-holes completed

• 216 metres of a planned 465 metres tunnel between the Gadir underground mine and the down dip extension of the main Gedabek open pit now completed"

The latter surely ties in with the Q2 gold produced during exploration works from Gadir: "9,591 tonnes of ore with an average grade of 5.17 grammes per tonne was also mined, in conjunction with its exploration programme, from the Gadir underground mine in Q2 2017."

Cautiously optimistic the share price will go over 20 by end of trading today, with more to come during the week.

[redtrend] 24/7/2017 11:38

That can't be new news is it? There is no RNS out...

[x54v] 24/7/2017 10:43

Positive update just out.

"Completed drilling expands the total resource at the Gedabek Licence, providing significant potential upside to the Company's future gold production."

"Our geology and mining team has maximised the opportunity of very good exploration potential of possible ore deposits close to the Company's existing extraction and processing facilities. This provides significant benefit to Anglo Asian by increasing reserves for future production, as well as for replacement of gold ounces previously mined."

[crazycoops] 24/7/2017 07:33

Yes I'd like to get some exposure to cryptos. I have been hanging on for a decent ETF product to be launched but one backed by real gold/silver seems like one I might invest in directly

[el_duderino_7885] 23/7/2017 20:38

Honestly I'm more interested in miners like AAZ and cryptos like Ethereum which could be valued in the 10's of thousands $ in the future.

However I am really hoping this is going to take off and it may well impact the other cryptos if it does.

In reality different cryptos have different qualities and there is probably room for four or five of the best ones given that they are limited in how many can be "mined".

If I do decide to hold physical gold if silver in the future, this platform makes complete sense to me.

Are you interested in the cryptos? I think being open to them could make you a lot of money, I was too quick to dismiss them several years ago.

[crazycoops] 23/7/2017 20:14

OK, thanks ED, it all just felt a bit scammy. Are you going to participate as a founding investor for the bullioncoin launch?