Anglo Asian Mining Share Discussion Threads

[sh0wmethemoney] 26/9/2017 15:22

Had a 5k today too, but not shown on here

[gutterhead] 26/9/2017 11:41

Topped up, Sneaked in under 30p, nice

[mattjos] 26/9/2017 09:05

Gotta get them while they are freely offered. Added

[sportbilly1976] 26/9/2017 08:53

basem,

given the buy/sell volume recently, I can't see that being a problem...you could prob get 50k (funds permitting)

[basem1] 25/9/2017 20:48

Gold $1310. Hope I can get a further 15000 shares at 30p early doors.

[brasso3] 25/9/2017 19:12

That should push AAZ back above 30p.

Not long for Q3 numbers...

[mattjos] 25/9/2017 18:11

We should be averaging over $1,300/oz for all Ugur production to date

[mattjos] 25/9/2017 18:10

Certainly closed that gap on the gold chart now & looking perky today, readying itself for the next higher high

[conundrum] 24/9/2017 16:03

Following Mattjos earlier post

Link below shows the difference in prices of gold and silver in the East and the West




I took advantage of the dip in AAZ price on Friday, to pick up a few more sub 29p

[gutterhead] 24/9/2017 14:13

Good find Matt. If they can keep that momentum...

[mattjos] 24/9/2017 11:23

Costs for development of Azerbaijan's gold, silver field revealed21 September 2017 12:32 (UTC+04:00) Baku, Azerbaijan, Sept. 21By Anvar Mammadov – Trend:Anglo Asian Mining PLC (AAM, a gold, copper and silver producer in Azerbaijan) said in a message Sept. 21 that it has spent $600,000 for the development of the Ugur field in Azerbaijan's Gadabay district in the first half of 2017.AAM started the extraction of gold and silver at the Ugur field in September 2017.From Sept. 1 to Sept. 10, AAM's average daily gold output was 212 ounces, which exceeds the average daily output in the previous eight months by more than two times.The average daily output is expected to continue growing when full-scale production commences.The first drilling work at the Ugur field started in September 2016. According to preliminary estimations, its gold reserves amount to 199,000 ounces. The Ugur field also has nearly 1.05 million ounces of silver.Ugur was discovered in 2016.AAM produced 23,218 ounces of gold, 1,322 tons of copper, and 85,087 ounces of silver in 1H17.The company plans to produce 64,000-72,000 ounces of gold in 2017.Based on a production sharing agreement signed with Azerbaijani government in August 1997, Anglo Asian Mining PLC has the right to develop six fields in southwest of Azerbaijan – Gadabay, Ordubad, Gosha Bulag, Gizil Bulag, Vejnali and Soyutlu.The gold produced at the fields is sent to Switzerland for purification. The ingots are then delivered to Azerbaijan and stored in the government's account.

[jailbird] 23/9/2017 21:11

Telegraph

Dr Copper’s price rise should be viewed with an element of caution
Garry White is the chief investment commentator at wealth manager Charles Stanley

A single Tesla electric vehicle may use up to four miles of copper wiring – news that has led speculators to buy the metal
Copper is regarded as the most economically sensitive metal because of its wide range of uses: from wiring in new buildings, to copper piping and industrial applications. Some even call it Dr Copper as it is regarded as “the only metal with a PhD in economics”. But its latest moves mean this qualification is now being called into question. A rise in the copper price is often a precursor of a rise in global activity so, historically, movements in the copper price have been a helpful indicator of future economic prospects. But Dr Copper is not infallible – and recent moves should be treated with caution.
In the middle of July, copper started its longest rally in a decade. The price of three-month copper futures traded on the London Metals Exchange jumped 18pc from mid-July before it hit a three-year high in August of $6,917 a ton. However, the price has now moved off these highs – and is likely to continue to correct.
Most of the recent price action has been down to speculation, with hedge funds building up significant net long positions, which are essentially bets on prices moving higher. The number of net longs hit an all-time record at the start of September. This follows concerns about a supply deficit later this decade and excitement about increased use of the metal in new products such as electric cars.
There has been a lot of hype surrounding electric vehicles this year. In July, the first of Tesla’s low-cost electric cars, called the Model 3, drove off the company’s production line. Its new owner was Elon Musk, Tesla’s chief executive, an evangelist for electric vehicles and often described as a one-man marketing machine. In the US, the Model 3 will cost $35,000 (£25,875) and have a range of 215 miles before it needs a new charge. Once purchased, owners can claim a $7,500 federal tax credit for electric vehicles, which reduced the cost to $27,500 – this means electric cars are now likely to be both cheap and efficient.
Electric vehicles use a substantial amount of copper in their batteries and in the windings and copper rotors used in electric motors. A single car may have up to four miles (6km) of copper wiring contained in its engine and bodywork, according to the International Copper Association (ICA). Indeed, research commissioned by the ICA has forecast that copper demand for electric cars and buses will increase from 185,000 tons in 2017 to 1.74m tons in 2027, that’s nine-times higher, resulting in a 7pc increase in copper demand over that time period. Growth in China’s manufacturing sector also unexpectedly accelerated in August, adding to the positive tone around the metal. However, the price started to fall after Sept 8 when customs data from China, which is responsible for almost half the world’s copper consumption, showed import volumes were flat for the fourth month in a row.
Of course, it’s not just the demand side of the equation that acts as a driver of the price – supply is very important too. There have been no major new copper mines discovered for many years and some argue that a supply crunch in the metal could come in the next few years. Copper demand has been relatively flat for a number of years, but supply has been struggling to keep pace. However, supply concerns for this year have eased somewhat after Chile, the world’s largest producer of the metal, reported higher output of 473,544 tons in July. Also, US group Freeport-McMoRan, which owns Grasberg, the world’s second-largest copper mine, reached an agreement with Indonesia in August to continue operating in the country following a dispute. This could lead to a “positive surprise” in 2018 mine output, according to analysts at Standard Chartered.
Indeed, this view is echoed by the Chilean government copper agency, Cochilco. Recent analysis by the body showed that the 10-year pipeline of mining projects grew in 2017 for the first time in three years. Of course, that increase in investment will not result in a supply boost any time soon, because it takes many years to plan and build a mine. Cochilco sees a deficit this year of 67,000 tons, which is the equivalent of one day of global consumption, with the market balanced next year.
The price of most commodities has also been lifted by the recent weakness in the US dollar, as they tend to move in an inverse manner. Because basic materials such as copper are priced in the US currency, any weakening in the greenback tends to increase their prices – and we have seen this effect recently too.
Futures markets are essential for copper producers and consumers to hedge their positions in a volatile asset class. However, at the same time investors and speculators can also distort the market. Copper appears to have been riding a wave of speculative fervour recently – and the sharp move higher is a sign of this activity and not really an indication of change activity in the global economy.
Global growth this year is likely to be slightly higher than for the last few years, at 3.5pc, but the rise and fall in copper prices is more down to a speculative frenzy than anything fundamental. Right now, Dr Copper’s performance is not really worthy of its “honorary̶1; economics PhD.
‘Copper, appears to have been riding a wave of speculative fervour recently’

[bleepy] 23/9/2017 10:23

Just chilling on the sunny island of Majorca for the week. Enjoying the catch up and contributions from new posters.
Mattjos maintains this thread better than any other I have read and thanks to his genuine response and advice I reinvested on the same day as I sold out. I have tripled my holding and not far off tripling my investment since. I intend to remain and patiently wait for £1.50 share price
As pointed out Aaz are a class act and stand apart from most.
Good luck and fortune to all.

[joey wilson] 23/9/2017 09:12

The one thing I dont understand about the PSA is what negative effect you would reasonabley expect it to have on the Company's true valuation.JW

[celeritas] 22/9/2017 22:53

I agree there Matt. Good CEO's on aim are few and far between. It's a shame more on aim aren't like Mr Vaziri

[friendzarin] 22/9/2017 21:52

One of the strengths of this thread is that the responder addresses the subject a poster has raised rather than questions the individual or his motives in raising it. Matt you set the tone in this .Ihope time and new joiners allow this to continue.

[gutterhead] 22/9/2017 21:05

Joey
Good timing I think and hope your strategy works well.
It's a great thread and all the technical info you could want for.
Appeal to me is Reza commitment with his own money when the company/shareholders needed belief and also that the company put most of their energy into acting quickly, making the company work rather than spinning the investors.
When they do communicate, it's meaningful.
Enjoy the ride
GH

[joey wilson] 22/9/2017 20:37

You wouldnt realise as I have got nothing to offer as opposed to the information many people on this thread offer. I am happy to read all comments here. You definitely keep a good board here. AAZ is a company I have watched for a long time and I am really pleased for all involved that they have actually achieved what it says on the tin without the need to have ripped shareholders off along the way. There is no other AIM company I know of that I would trust. This is now the beginnings of a new story I think.JW

[mattjos] 22/9/2017 20:26

One of the long-termers then Joey. I hadn't appreciated that.
If you've been here that long, I hope you have now come to understand how the PSA works. I admit that it took me a long time to wrap my head around it & it's good to have been through a complete cycle. on the old thread I was quite verbose in my early criticisms of it, until I finally 'got it'.
Those getting involved now are rather lucky, I think. They are investing after that initial learning cycle .. a cycle which both investors and company learnt how it works.

That aside, glad to hear you are making a fuller commitment now.

[joey wilson] 22/9/2017 20:25

Matt by the same token if I had traded better would have probably been 60k up lol

[jeanesy] 22/9/2017 20:23

Wow just got back in from work. Missed massive top up opportunity this morning. I hope that the regulars on here managed to get what they wanted ?!!

[joey wilson] 22/9/2017 20:15

I have followed it since the early days of the Robin of Loxley thread. Terropol Zhochey etc.Ive been here from 12p originally all the way up to 80p and then down to 3p.If I had just held I would easily be on double 15k I have taken but I also needed cash along the way.No regrets. Win some lose some. However this is the first time I am totally convinced of the Companys long term. I have always admired that they dont dillute the shares by continual share issues. In fact I remember only a couple of times. This company is a winner and I am happy to just top up monthly.JW