Anglo Asian Mining Share Discussion Threads

[jbravo2] 15/8/2017 14:13

Yeah I think so too catsick. Why wouldn't they, but three years might be slightly optimistic.
The Ugur higher grade resource alone would keep the flotation and AGL plant busy for 9 quarters at current treatment rates.
Combined with that we have the extensive stockpiles and whatever is dug up in Gedabek and Gadir.

I guess they can just stack the high grade stuff and try to heap leach the other 60% from Ugur asap if they can't keep up with the flotation/AGL.

Either way its a great problem to have!

[zhockey] 15/8/2017 13:54

JBravo, just read your earlier post, thanks for your sentiment.

I hope you are smart or lucky enough to chose a good exit price one day.

[zhockey] 15/8/2017 13:35

I must say it's a bit tedious that any posters not holding the party line get accused of having agendas and tactics.

Most posts on these boards are self reassuring BS.

Much more valuable to explore and discuss differences of opinion.

[2sporrans] 15/8/2017 13:00

Great map Matt.

Gets across that there are several very encouraging prospects within 10km of the main processing plant, most of which have only been probed thus far.

As you say, the whole zone may be underpinned by either a few large or even just one ore body [more likely copper, with gold/silver interspersed] at depth and present at surface level at the prospects identified.

[catsick] 15/8/2017 12:54

I was thinking they would use ugur over a period of 5-10 years to add an extra 20k to production, however having seen how much cheaper it is to mine with such a lower amount of stripping to do I think they will max it out over 3 years, and use it to dilute the high sulphide ores they have in excess, this find has an npv of over 100mio usd of cash spread to the company it will do a lot more than simply pay off the debt ....

[celeritas] 15/8/2017 12:53

China's gold output drops in H1

[2sporrans] 15/8/2017 12:28

Looks like the share price is about to nudge up.
Quoted 24.9p sell for 24<>26p spread.

Can't be many sellers until this gets to say 27p.
But is there [still] a biggish buyer drip feeding the rise?

[susdit] 15/8/2017 12:10

jbravo2. Same tactics by Zhockey at HUM but disappeared following the recent 30%
march north.

bookwormrobert
15 Jun '17 - 15:33 - 1285 of 1489 0 0
zhockey - I'm not sure of your agenda here, but your posts are wildly incorrect factually. Perhaps a little more research?
goneawol
15 Jun '17 - 15:39 - 1286 of 1489 0 0
An agenda? surely not...

[celeritas] 15/8/2017 11:37

Do you know the size of these areas, we are not talking a few football pitches.
AAZ have done the right thing. In large everything is in place to process whatever comes out the ground which in itself was been a major undertaking. We are only just beginning to see the foresight of Reza's an Co's long term plans playing out. This is really just the start of the mkts realisation of AAZ.

[jbravo2] 15/8/2017 11:17

I have.
I spoke to Stephen at the AGM, at length, about how they used to approach drilling and exploration work and how they do it now.
The methods he's introduced but most importantly about the behaviours he's had to change. The ideas he's had to introduce. They can hardly be compared.
Chalk and cheese.

I guess I won't convince you though so I'll leave it there. I was trying to change your mind, as I once went through this and it is information you posted about the company which changed my mind from negative to positive a few years ago.
Since then I've doubled my money and it started with your posts. Thank you. I wanted to try to return the favour though as I'm sure you're about to miss out, but its harder to re-convince someone rather than convince them a first time I guess.

Anyway, when this reaches 75p, (which I think will be inside 2 years), I shall send you a thank you.

[zhockey] 15/8/2017 11:09

JB, ask the company, read the RNS. Not disingenuous at all.

[jbravo2] 15/8/2017 11:06

lol
What would you call it? You're making investment decisions based on the names given to the deposits?
Ugur sounds bad but Druid sounds funky?


Do you think you might be slightly disingenuous to describe it as ten years of exploration to find it?
How much exploration was done before Stephen got here do you think?

[zhockey] 15/8/2017 11:02

Why did they call a small oxide deposit "good fortune"?

After ten years of exploration they find only 150k oz?

[zhockey] 15/8/2017 10:49

Jbravo,

Of course Ugur is economically viable, but it is small. My point is that Ugur is just enough to pay off the debt. What will production be after Ugur is exhausted?

Yes they may find more resources but it took ten years to find Ugur. If there was something big surely they would have found it by now. Perhaps Matts porphyry is too deep.

For me they need to invest in copper production.

[bleepy] 15/8/2017 10:33

Bittibulag that has recent exploration carried out is also copper mineralisation. We are awaiting results of that exploration.
Multiple copper sites would justify floatation expansion. As more auto makers are committing to producing EV's copper demand will increase and only a finite amount on this planet will rocket its value.

[jbravo2] 15/8/2017 10:11

@zh
Economic reserves?

Have you read the report? How cheap this stuff is going to be?
You know the strip ratio is LESS than one?
There is more ore than waste!
You know it's soft rock? Easily crushed? Low energy requirements.
You know its not chemical hungry? Low treatment costs.


So first you say they need to find economic reserves and then you say they should spend 50m. Which is it? Surely you're not suggesting 50m if there are no reserves?


I know you sold at 18p, and indeed I know you've been in PVR, both seem poor decisions. (Although clearly PVR still has a play which may change things) But really how can you work out this isn't going to go up? Don't let your poor selling decision be compounded by another poor decision.


Have a look at CHIP's thread.
5 different measures of PM miners.
AAZ were fifth cheapest, fourth cheapest, 2nd cheapest, third cheapest and eighth cheapest on the different measures. Making them the second cheapest miner overall.
What do you think is going to happen to the price?

[mattjos] 15/8/2017 10:05

if, as I suspect, the exploration at Gedabek proves there to be a huge Porphyry copper deposit there, then raising the necessary funding for that will be a cinch!
Not too much longer to wait before the exploration confirms this. Exciting times ahead

[zhockey] 15/8/2017 09:59

But Matt, that all depends on finding new economic reserves. Also if they are going to monitise all that copper it will be another debt loading period. I think they should do it, raise 50m to build a serious sulphide plant.

[bleepy] 15/8/2017 09:59

Celeritas, agreed up to a point but, NK being China's proxy, the US investigating China's trading strategy, the US defending the rights of small islands and nations off the coast of china makes this more than a side show. Just waiting for Russia/Iran to stick their ore in.

[mattjos] 15/8/2017 09:46

zhockey, I genuinely do not believe there is shortage of reserves for the company to go at.
Since first gold pour, it has been very obvious to all here that the complexity of the Gedabek area ore means the company had to invest in additional & alternate processing plant in order to cost-effectively process the ore as they encountered it.

This has been achieved by 2 periods of high debt-loading on the company as they financed the necessary plant.
Has now culminated in the company having gained SART, Agitation & Flotation hardware + grid-supplied electricity and, most importantly. gained the operating knowledge to understand how best to process/blend the incoming ore types to maximise extraction rates and minimise processing costs.

We're on the downhill run from that second debt-funded expansion & have some terrific cashflow now.
The company has never, ever been this well set up to make the next step forward in terms of annual GE production & also to really go on an aggressive and extended period of detailed exploration.
I think this is without doubt the most exciting time in the history of the company ... debt well under control, new mine coming on stream, optimisation of existing mines in hand, our own competent person on board & the cash firepower to really drive this business forward!

Reza is not going to rest on his laurels!

[celeritas] 15/8/2017 09:41

Bleepy, NK is a side show to the real problems in the world economy. This constant printing malarkey will come home to roost at some point forcing gold way higher.

[bleepy] 15/8/2017 09:35

Unless China can staple the tongues of both Trump and Kim Jon to the roof of their mouths I can see that black swan circling for some considerable time.
Next move will be the us/sk military exercises due to start in coming days and so it goes on.
Enough to keep the markets nervous to the benefit of pm's.

[celeritas] 15/8/2017 09:29

Gold doesn't need to go on a tear, over 1200 will do very nicely.

Look at the current cap, look at the area, look at the amount of plant in place, look at the years of experience working how best to extract gold, silver and copper.

AAZ is extremely undervalued by any standard.
You keep trying to convince yourself you've done the right thing by selling some time back but that nagging doubt you are wrong keeps you posting here.