Anglo Asian Mining Share Discussion Threads

[zhockey] 26/7/2017 16:22

Matt, not sure what the "desperate" is you refer to, can you explain?

[mattjos] 26/7/2017 12:54

ok, thanks Terropol .. the chap there has always been very cautious in his coverage so, no surprise he has chosen to wait for the JORC. Reza & co are not waiting for that, as Stephen will know well enough what's there.

[terropol] 26/7/2017 12:39

Conclusion: The Company is on course to launch production at Ugur by the end of the year sourcing oxide easily leachable ores for treatment at Gedabek processing facilities. It all good news and we are looking forward to the JORC statement that is in final stages and is due next quarter.

*SP Angel act as Nomad and Broker to Anglo Asian Mining
(from yesterdays note.)

[terropol] 26/7/2017 12:36

Mattjos, Just guessing, but would have assumed Brokers will wait for JORG report before putting pen to paper.

[andrewsr] 26/7/2017 12:19

Thanks, el d, maybe the Bullioncoin you mentioned earlier will make a difference.

[mattjos] 26/7/2017 12:09

Unless anyone knows different, neither share price Angel or Beaufort appear to have updated their coverage since the Ugur update.

Beaufort last note was Speculative Buy, Apr 2016
SP Angel was Buy with TP of 22p, Jan 2017

Given the Debt reduction since Jan this year and the Ugur developments, you would have thought one of them would have pulled their finger out.

Beaufort is a waste of space really as they rate virtually 99% of AIM stocks as speculative Buy so, safe to ignore them but, share price Angel should be doing much, much better for the company.

Holidays I suppose .. they will likely upgrade end September by which time we'll be mining from Ugur & his coverage will once again be behind the curve

[mattjos] 26/7/2017 11:16

Do suggest those of you with a decent holding & looking to hold for the long term make full use of your annual cap gains allowances and the Bed & ISA option.
Very easy option to do with TDW and the switch transaction is usually carried out virtually at the Bid price.

[mattjos] 26/7/2017 10:56

3 up, 2 down Cel. We gapped up this am and so, would rather see that gap firmly filled for at least one day before the buying pressure takes back hold. The traders will be happy with 2-3p and then depart

[bleepy] 26/7/2017 10:56

Not forgetting $2ml annual saving from electrification, significant stockpile of high grade gold and copper rich ore, upgrade to water treatment/tailings resulting in savings and metals recovery, debt reduction, manat devaluation.

The constitutional documents reveal the substantial potential of the explored prospects within the huge Gedabek acreage whilst stating that much is still unexplored , Ugur being one such prospect.

AAZ's team headed by Riza are the best in the business with recently added Stephen Westhead complimenting them.

[celeritas] 26/7/2017 10:55

I might say neutral if it didn't suit my position or I might eat humble pie.
Aaz could do with a bit of promotion to make investors aware it actually exists.

[bleepy] 26/7/2017 10:34

Progressive, flexible processing, expansive exploration, value accretive opportunities resulting in rapid progress from exploration to reserve and production....true value will always out.


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."



Anglo Asian Group Director of Geology & Mining, Stephen Westhead, said "The Ugur deposit clearly demonstrates Anglo Asian's ability to rapidly progress projects from exploration to reserves and, if viable, into production. The first Ugur drill hole was completed in September 2016 and we are planning to commence mining in Q4 2017. 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.



"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."

[mattjos] 26/7/2017 09:52

Lol zhockey, That may be the case if we were valued at £80m but, at £23m?? You're getting more and more desperate as the price rises

[zhockey] 26/7/2017 09:31

Well my take is the news is pretty neutral, direction from here depends on the gold price IMO.

They need to find 1M oz of Au or increase Cu production massively in order to rerate.

[andrewsr] 26/7/2017 08:18

El dud,
The algorithms are programmed to take out stop losses just below support levels, which is why you see sudden falls near support levels, rather than sudden rises.
I've heard about banks placing massive naked shorts, but it sounds like and probably is a mad conspiracy theory.

[wrighty46] 26/7/2017 08:15

Why's that?

[jbravo2] 26/7/2017 08:13

We'll see a higher volume of shares traded today
As a ballpark figure somewhere in the order of 6-700k shares will be sold by Round and Zamani to exercise their options (combined 1.1m shares) at zero cost. Depends on the price the mm's will give them obv. but also what the tax implications are for each of them.

[crazycoops] 26/7/2017 05:28

Or employees

[mattjos] 26/7/2017 01:08

Thread flag counter tells the story recently:

5th highest visitor country is Azerbaijan so, I suspect that Mngmnt do actively read the thread.

[mattjos] 25/7/2017 23:14

gutterhead. We can only wait and see & certainly one step at a time. However, the Behre Dolbear report was mainly based on the Soviet exploration results & a Micon report entitled; "Review of, and Proposed Exploration Plan for the
Gedabek, Gosha and Ordubad Properties, Azerbaijan Republic, September 1998”

try as I might, I have never been able to get hold of that report anywhere but, I would sure like to see it!

Anyway, compared to Behre Dolbear's 2005 document in support of the IPO, look at the key valuation drivers today:

Gold is now $1,250/oz ... that is virtually 3 times higher!
Copper is $2.85/lb .. virtually 2 times higher

$:£ is now $1.30 : £1 ... the £ has dropped 25% against the $

Admittedly, we have not yet proved up the resources to modern day JORC standards but, the stuff is still in the ground. Now though, importantly, we are able to process it & have the firepower to prove it up to modern day standards .. back in 2005, it was just a plan.
What price the asset base on these metrics, once proven-up?

[terropol] 25/7/2017 22:46

Can we start booking the Nottingham restaurant for a start...

[gutterhead] 25/7/2017 22:40

Crikey Matt, 34p will do initially let alone ten times that!

[mattjos] 25/7/2017 20:18

Blimey, that is some move in Copper.
Our stacked Sulphide ore has just shot up in value. Goodness knows what the real value of the Gedabek ore body is.

From memory, the Behre Dolbear report suggested A N Other party would have to pay something like $247m for AAZ's 55% weighted interest in the AZ assets.
This was based on $430/oz gold, $1.45/lb copper and exchange rate of $1.75 : £1

Look at the metals valuation now and the $:£ exchange rate.

Now, can more of you begin to see how one of the EW targets here on the chart is circa £3.42? It is not an altogether impossible target. Just need a few events to align in our favour

[el_duderino_7885] 25/7/2017 20:00

I wouldn't normally listen to anything on (Sh) itco.

But yes of course it's the hedge fund algorithms. And they are mainly programmed to sell and buy gold based on the dollar/yen, and to a lesser extent interest rates - (bond yields) and the ViX.

This is why the wash and rinse cycle continues as gold continues to be gamed.

Where the banks come in is "printing" almost unlimited naked shorts to try and keep gold within certain ranges and manipulating exchange rates. Once they have squashed the algo driven demand by their fake supply of naked shorts they bring the hammer down and rinse out the speculators and make a fortune.

What's compelling right now is that the banks seem to be short covering more than we've seen in a very long time whilst the hedge fund shorts are also at extremes. It's a very bullish set up for paper gold and silver.