Anglo Asian Mining Share Discussion Threads

[celeritas] 29/9/2017 10:56

Tightening up, trades aren't reported or are late reported, someone is buying in the background.

[celeritas] 29/9/2017 09:27

Will someone sell a chunk to test that 28p.

[celeritas] 29/9/2017 09:26

For anyone new, zhockey is the resident remoaner, look at recent report Matjos has at the top to dispel what he is saying.

Zhockey, you need to bite the bullet and get back in, we all know you hang around because you miss being n.

[zhockey] 29/9/2017 09:19

Good grief, it's all about the mineralogy. The problem is they have a copper gold sulphide mine with an oxide processing plant.

Overvalued at these prices IMO. Of course they my discover more oxide ore but it's in no way guaranteed.

[celeritas] 29/9/2017 09:17

CC, the share price is currently under some selling pressure so maybe better to wait depending on how many you want as it soon goes the other way.

The area is huge and was done originally done to Russian standards which are slowly being converting to Western standards via the drill bit. I wont say what the Russian standard had the area worth as i'll come over like a crackpot
Plant in place is worth about 3x the current cap never mind gold, silver and copper to be mined.
Azerbaijan, yeah I get it and it was an issue for me at first but these mines are never just in the Scottish Highlands.

[jbe81] 29/9/2017 07:58

Will be interesting to see if we get any drilling results before Q3 results

[friendzarin] 28/9/2017 20:13

Hiatus at the moment but only 10 or so trading days to go before Q3 results. Hope those indicating they are having a look here today delve a little deeper with more research I’m sure it would point to a promising end to the year and great prospects for 2018 imho.

[wrighty46] 28/9/2017 18:22

Drilling as we speak, a modicum of research may tell observers what is there. The longer the share price stays here the better for me.

[goodgrief] 28/9/2017 17:32

To the casual observer they've run out of gold in their existing mines and have less than 200k in a new one. Correct that impression and then maybe it might rerate!

[gutterhead] 28/9/2017 17:13

Aaz just doesn't seem to be on the radar, frustrating but I'm sure with further positive results and pr it will come good.

[charles clore] 28/9/2017 17:07

Celeritas - I've had a look and this does appear to be undervalued. I have some reservations about the location so I won't be diving in head first but it's certainly worth a punt at the current price imho. The thing about HUM is it has quality written right through it like a stick of rock. Quality attracts punters.

[celeritas] 28/9/2017 16:03

I can get 28 but the stock is under pressure, all be it very little volume.

[basem1] 28/9/2017 15:56

27.25 to sell at present. Very disappointing.

[celeritas] 28/9/2017 14:07

Anyone have any hum?
://www.proactiveinvestors.co.uk/companies/news/184658/hummingbird-resources-mali-mine-is-on-time-and-on-budget-for-first-gold-pour-later-this-year-184658.html

Capped at £120m but and not produced any gold yet but its not far away. I bet once production starts it runs way higher which makes you think what does AAZ have to do to get noticed. It's like the ugly duckling but I'm of the mind it will turn into a swan at some point over the next year.

[mattjos] 28/9/2017 11:25

Doing what they can to find some more sellers here

[zhockey] 28/9/2017 10:13

Gents,

You may want to take a look at AAG on TSX. They announced a transformational deal with HUM yesterday.

Potential 5-10 bag. 2M oz with upside potential and HUM are looking to free carry them to production in exchange for a 50% share. Only valued at £15M

[el_duderino_7885] 27/9/2017 21:38

Ha gold may drop down to the former downtrend line. Not much further to go in this latest wash and rinse cycle. I did expect $1,280 but looks like we're going nearer $1,250. Perhaps this will coincide with the latest BlSBS next week?

Will be a very strong end to the year.

[celeritas] 27/9/2017 21:37

Gold dropped from nigh on 1300 to under 1200 for a while this year.
The difference with aaz is it's significant undervaluation. Look at the plant in place, look at the area and tell me this shouldn't be 4x the current price. A buyer under 100p would be stealing the company, you wouldn't even get the plant for that.

[edjge2] 27/9/2017 20:54

Gold mAY DROP DRASTICALLY AND THIS ONE ON MY LIST

[brasso3] 27/9/2017 20:27

T10 for Q3 numbers? :)

How predictable!

[mattjos] 27/9/2017 20:25

The frustrations of a handle ... volume drops, price drops, posts on thread drop ... the MM's know the pattern and exactly how to play it.T10 buying window opening up tomorrow.

[jeanesy] 27/9/2017 20:07

Getting cheaper to buy by the day !

[celeritas] 27/9/2017 12:59

Seems to be a seller today judging by the online size you can sell.

[2sporrans] 27/9/2017 10:59

Thanks for the insights about Bashirov Matt.
Your case for him being a forced seller is very strong and his sell out of his very large holding C2012-13, protracted until back end of 2015 must have pushed the share price to lows it would not otherwise have fathomed.
The 4p floor, bumped along throughout 2015 and a bit beyond, was a derisory price; one commensurate with a probable bankruptcy prospect.

Having said, there was a staggering loss in confidence about the prospects for the POG over 2011-16 and the general appetite for small gold miners atrophied accordingly.
What we witnessed was the bursting of a bubble; an implosion of investor belief that many small precious metals explorers/miners might even survive a further fall in the POG - say to under $1,000/oz average over the next year or 3.
Especially so to the extent particular miners were carrying a heavy debt burden, which AAZ had been since 2013.
Yes, I know this is bog basics but methinks it does explain the great majority of why the AAZ price fell so far down from a high that, in retrospect, reflected some of the quite awesome hubris wrt the then anticipated trajectory of the POG and other PM for which smaller miners were a highly geared play.

The AAZ debt burden was due to a massive investment in greatly expanded plant, just when the bull market in gold etc was dying away, rather than merely correcting as many had supposed. Didn't the original AL plant [2013] cost ~$50-mn [or was it £50-mn?]? Net debt in mid 2013 was ~$46-mn and grew to over $50-mn through 2014-15 as additional plant enhancements were necessitated, outweighing the debt paydown.
This exacerbated the sell off for sure.
I sold out 90+% of what I held when AAZ announced they were going ahead with the 2013 plant expansion.

In blissful contrast, what we enjoy now is the situation where AAZ have paid down about 50% of their peak debt [if exclude Reza's $4mn loan] and are set to comfortably pay down as much of the remainder as they see fit.
Though GE production had waned a little, it is now set to increase again and the resource picture has been rapidly improving.
AISC is $564/oz H1 and falling.
Plus the POG [+POC] have recovered quite robustly, building a fat margin.

The plant expansion [+infrastructure] now looks like a smart long term growth and productivity investment by AAZ; debt default fears have pretty much abated.
Back in early 2016 it still looked, to most, rather like a lead lifebelt.
Likewise taking on Steven Westhead is clearly paying off, both in resource exploration/development and extraction productivity.

60p for the AAZ sp?
Within say a year?
Why not indeed.
But it's quite a different AAZ to that of 2011-12.
For a given POG, it's surely worth more than back then when it was reliant upon easily extractable gold oxide ores and heap leaching for its high margin production.
Now it can do same for copper rich sulphide ores, which are prevalent as the workings head deeper and an abundance of which is currently emerging.

The low AISC for AAZ distinguishes it from so many of its peers.
The business model remains attractive for POG at $1200/oz and even lower.
How many small producers can honestly claim that?
The copper offers additional revenue stream subject to entirely different price determinants. This diversity increases security of cashflow and the % of production that will be copper is set to grow further with long term prospects for the metal buoyant.

[brasso3] 27/9/2017 08:47

Had a small top up below 30p.