Anglo Asian Mining Share Discussion Threads

[mcfly79] 07/9/2017 11:16

Thanks Matt

[mattjos] 07/9/2017 11:03

Thy are targeting to move up to 100Koz GE as soon as they can McFly but, Bill will no doubt be able to help answer your questions. He is a conservative type

[mcfly79] 07/9/2017 10:42

I'll try and go to the proactive event.I'm still trying to get a handle on what production might be over the next few years.

[mattjos] 07/9/2017 10:05

was rather hoping this would sit still again today :-(

[jbe81] 07/9/2017 10:04

Good luck getting 1 million more Matt, should get them under 31p

[mattjos] 07/9/2017 09:59

That is good to see Bill back on the road again & raising the company profile further.
should get a cracking reception, given the strength in the price of gold.

[friendzarin] 07/9/2017 09:55

Proactive Investors

Next meeting - One for the diary.

Should be on the back of the half year results and perhaps have some nods and winks as to how q3 may finish




Thursday 21st September 2017 - 6.00pm. Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB

Anglo Asian Mining (LON:AAZ- Market Cap: £31 Million)

Anglo Asian Mining is a gold, copper and silver producer in Central Asia with a broad portfolio of production and exploration assets in Azerbaijan.

Back in August the company revealed a material resource upgrade at its Ugur gold deposit in Western Azerbaijan. Ugur is now known to contain 199,000 ounces of gold and 1,049,000 ounces of silver.

Bill Morgan, CFO, will be on hand to provide an overall update on how things are progressing at Anglo Asian Mining.

Please arrive at 5:45pm to get yourself a seat and to allow for a prompt 6:00pm star

[2sporrans] 07/9/2017 09:52

Now quoting 27<->28p; quite a leap back up.

Can't see the trade[s] but guess some meaty buying just went in.

[mattjos] 07/9/2017 08:47

Terrific if you have achieved that catsick. Well done indeed!

[jbravo2] 07/9/2017 07:42

You go notifiable in 1m shares?
!!!
Notifiable is 3.413m
You've got more than me you swine!

[catsick] 07/9/2017 05:01

My cost average on these is negative 39p bwaaaa hahaha ... the gift that keeps on giving if you are prepared to sell a bunch when you think its too high .... for me now 40-50p will be the lightening up on a few zone ...

[mattjos] 06/9/2017 22:47

Actually .. just noted I still have 55k in my SIPP which I bought at 45p so well underwater on those :-( .. I tend to ignore my SIPP as, hopefully, rather meaningless for a few years yet.Believe me, plenty of dogs in the portfolio to even things up!Still sat on 3.5m WTI from 2.95p also :-( .. until recently that was looking decidedly iffy but, just now perking up.Equally still sat on 250k SYM from 13p from years ago which has had a roller coaster ride over the years.When it goes into the SIPP, I do tend to forget about them which is probably wrong but, contributions there merit 40% tax back so easier to bear & at least the govt funds some of the losses, which makes them less painful day-to-day.

[jbravo2] 06/9/2017 22:21

Your average is about 7?
Flip, that's good. Mine is twice that.
:/

[mattjos] 06/9/2017 22:18

I think Reza rathe prefers the figures to do the talking for the company and he expends is energies on the business rather than trying to schmooze the London spivs. That probably grates with them as they are accustomed to AiM company directors trying to ingratiate themselves to the company 'professional' advisers, ahead of the next fundraising ... Reza has never gone down that route and so their fees will likely be below par off this listing than they are accustomed to ... but, screw them! Equity is not toilet paper. It has a tangible value and Reza knows that, particularly with 30%. why devalue your own company equity just at the behest of the 'professional' advisers!Am getting seriously tempted to now take on a whole bigger holding here. Just done the sums and still actually averaged in the 7.something region. Seems a reasonable margin of safety for another million

[mattjos] 06/9/2017 22:08

It's odd to me .. if this was a company making widgets with these sort of metrics, it would be valued far higher.The cash flow and underlying balance sheet & profit metrics are tremendous.The fact that it is a miner, somehow seems to limit its appeal to a more specialist type of investor. It's ridiculous really ... once we get past £80m market cap, I wonder if a move up to the main market & SETS trading in the stock would be more appropriate .. this MM setup only on the order book is tiresome and these leaches are stitching not just the PI but, as recently demonstrated, the directors personally.If share price Angel are the seller on the auction book of the Director option stock but, cannot even be bothered to update their coverage on the company ... well, if it were me, I'd give them the heave-ho .. same for the retained London PR company who are both clueless, unresponsive & ineffective.

[mcfly79] 06/9/2017 22:03

Hi Matt,

Thanks for suggesting AAZ. I've been doing some research and I'm trying to get a handle on future production but as you say there is a lot going on.

Does anyone have a good idea of what production might be over the next few years once everything is on stream, and how much of that production will be copper.

Thanks

[el_duderino_7885] 06/9/2017 20:31

Those crypto articles are a terrible excuse for journalism.

Utter nonsense. Cryptos and more importantly the underlying block chain technology are changing and will change the world. Do not underestimate them.

They are going much, much higher.

Cryptos are actually gold's best friend, I never really understand why some people see them as a challenge to gold.

Bitcoin is no more a rival to gold than say silver is.

[jbravo2] 06/9/2017 16:28

@bleepy

There isn't the capacity in the AL plant for it to treat the equivalent of two flotation plants.

The AL plant originally was billed as a nameplate capacity of 120t/h but the most it ever seems to manage is c100t/h.
I'm not sure if it could be stepped up a little or not. Was it due to inadequate milling? Certainly it became the case when the ore was hard. Hence the second SAG mill.

The flotation plant originally envisaged was 20t/h (the plant matt references) but that changed with the additional 6 tanks to take it to 90t/hr.
I'm not clear if they manage to get the throughput they currently do with the smaller tanks being used or not.

Either way, the bottleneck would then simply become the AL plant.

Until we know more about the ores in play I'd suggest it is worth holding off a flotation expansion. You need an ore low on gold and higher in copper for that to be worthwhile. That may be Bittibulag it may not. The company may know already, they may not.


I'm with matt, lets pay off more debt first. Get that ATB/Gazprom debt done (11 months to go) and then look again this time next year after another years exploration.

[blackbear] 06/9/2017 15:01

Guys check out BRD market cap 1.4m profitable diamond miner. 2p used to be 30p!

[gutterhead] 06/9/2017 14:58

Update in a week or so could really propel these forward. Exciting times

[mattjos] 06/9/2017 14:45

from memory, we already have an unused smaller flotation plant that was purchased before the decision taken to buy a much bigger one. I think this was projected to be used to have a go at some Zinc extraction ... but not 100% sure.

For now, lets just concentrate please on:

a) paying off the rest of the debt .. which is getting easier and easier, day by day, with metal prices like these.
b) Getting Ugur (Reza) on stream and producing as planned.
c) Bring Gadir and Gedabek back on stream as planned
d) See how the water treatment plant is performing

There is so much going on at the company just now, it is hard to keep up with every development & news piece .. I find that RNS's require reading 3-4 times now to make sure you identify every piece of info that the company is wanting to communicate with us.

[bleepy] 06/9/2017 13:14

Why not have a second floatation plant, the configurations, namely, (i) leaching followed by flotation and (ii) flotation followed by leaching running in parallel with each other. This setup would cater for all ore bodies and enable selective targeting.

[graylyn1] 06/9/2017 11:35

Jbravo2 top post!!