Anglo Asian Mining Share Discussion Threads

[gutterhead] 04/10/2017 14:54

2017 year end AAZ "spot the ball" share price competition.

Closes for entry Friday 6th.

Gutterhead 42p
Joey Wilson 37p
Catsick. 27p
Hedgehog 33 38p
2sporrans. 34p
Ilostthelot 60p
Bleepy 54p

[friendzarin] 04/10/2017 14:54

John Meyer in an Azerbaijan coffee shop on a site visit to AAZ over the weekend.

'There is a lot more going on than investors appreciate and it looks as though there are 2 possibly 3 mines up and running or virtually up and running now,certainly one of them is operating and 2 more come in fairly soon and the original mine where production was suspended ( Gedabek) looks ready to reopen any day if they want it to'.

hxxps://audioboom.com/posts/6361628-889-rainbow-rare-earths-rbw-john-meyer-on-geo-aaz-and-simon-wajcenberg-on-powtoken-com

10 min 07 seconds in.

I think investors on this board appreciate this is going on we are just waiting for the update...

[bleepy] 04/10/2017 11:36

Would like to see it break 54p...

[ilostthelot] 04/10/2017 11:14

60p ever hopeful !

[2sporrans] 04/10/2017 10:54

End of year share price will be largely determined by extent/nature of resource revealed under the existing main pit.
Plenty scope for dismay or jubilation.
I'll punt for a cautiously optimistic 34p.

[hedgehog33] 04/10/2017 10:26

Going with Matt's 7 theory less around 20% for the usual October market regression I reckon 38p regardless of POG... However, it has to be said I've never won a competition in me life.....

[gutterhead] 03/10/2017 22:54

Thanks Matt, a good summary.
Next update should bring in some more buyers, let's hope a lot more!
Agree ref price of Gold and for those that understand this share will know this is against the backdrop of reducing mining and operating costs.
I've really got enough shares but close to 25p will be very tempting to dip in again.
If we decide to have a year end aaz "spot the ball" competition, I'll go for 42p.

[hjsmc1] 03/10/2017 21:43

For the cup and handle to complete, a pull back is healthy. Cup Dec to SEP and handle now forming. Don't want it going much below 26 though. V bullish if it completes.

[brasso3] 03/10/2017 20:27

Q3 numbers will steady the ship. Anything else is a bonus.

[mattjos] 03/10/2017 20:19

Stay calm & drink some tea please jeansey. It's all in the chart. I believe there will be revelations aplenty coming along next week & gold wandering about at these levels is hardly a concern to AAZ .. higher would of course be nice but, is 1270 really a big problem for us? I don't think so.The next NK event likely to be a magnitude larger than those to date.The moment this turns up, everyone will be moaning again they can't get an online price to buy any. Each wave of buying is always just after a bout of selling .. that's just the way it is when there is a finite amount of stock but, that supply is consistent, getting tied up here by longer term investors / value seekers.I suspect the broker will be updating their coverage in the not too distant future :-)

[jeanesy] 03/10/2017 20:06

looks like the price here is mirroring POG. I really didn't expect it to fall so low. Lets hope the production figures and operational updates are positive. So much for the T10 brigade buying before the news !!

[mattjos] 03/10/2017 18:41

gutterhead .. Despite all todays movement it was pretty much 27.5 to buy in the morning and 27.5p to buy in the afternoon.

To try & find where support is likely to be, we first need to try and analyse the upward wave. Was it a typical EW advance? Yes, I believe it was. There is a clear 1,2,3,4,5 pattern here.

1,3,5 being the upward legs and 2 & 4 being the down legs.
In a typical pattern 1 & 5 are of equal value and 3 is the longest/greatest value, typically 3 is circa 1.618 times the size of advance 1.

Again, the pattern looks right. 1 & 5 were about 7p advance and 3 was 1.618 times 7p (near as damn it)

After the 1,2,3,4,5 advance we see an a,b,c retreat set in .. like a zigzag down move that usually ends around the same place where wave 4 ended. a & c are the down-waves and c ends lower than a .. b is the small intermediate up-wave.

Looking at the overall wave pattern, 26.5 was where wave 4 halted and it is also the 38.5% retracement level of the overall advance.

So, overall I think we are now there or thereabouts. I'd like to see the black part of the candlestick actually close on 26.5p with a following white candlestick upwards in the next day or so. Chart here to try and explain above comments:


free stock charts from uk.advfn.com

[sh0wmethemoney] 03/10/2017 18:39

What's people's thoughts, is there a gap to back fill on the 11th of Aug? Or will it bounce of the lower Bollinger at 25.4? https://ibb.co/cS6Xtw

[gutterhead] 03/10/2017 17:16

Matt, how do you see the share price playing out over Short term ? I know it's a guessing game but you're normally pretty close. Looks like it's being played ATM thanks GH

[mattjos] 03/10/2017 14:06

MM's playing it well to collect before next week. Picked up a few more

[celeritas] 03/10/2017 13:46

That seller from late last week is still here.
38k limit buy at 27p with smaller amounts available at 26.62.

In for a few more as I reckon he's nigh on done.

[celeritas] 03/10/2017 13:28

Gold price is all about the avg for the year, not the week.

[robo15] 03/10/2017 13:06

Production increasing in the month gold has dropped $100
Hasn't helped our cause !!

[ilostthelot] 03/10/2017 12:57

Sell on news eh... good results and we're off the highs of 34p last week 🤔 ah well more time to buy

[mattjos] 03/10/2017 12:22

What's limits pls?

[2sporrans] 03/10/2017 09:55

"...with 5-12% copper content they can be worth as much as gold ore at 20g/t, a cheap copper only process is needed for these."
Good point Petrusgazin.

So maybe there will be 3 sorts of plant expansion over next few years [or more?]:
1. Increased capacity for processing gold ore which contains copper and/or is sulphide: This might be incrementally achieved, by modular extension of flotation [tank] capacity. Even the latter, deeper, Ugur gold is likely to be sulphide rather than the oxide for next year or three.
2. New capacity to process copper or copper primary value ores, like from Bittibulag.
3. General capacity investment, like for the much mooted crushing.

This is only for the Gedabek zone, Ordubad will be a whole new chapter...

Whatever the plant expansions and when, it's looking like a parallel strategy will be called for, for stockpiling different ores and feeding them into processing.

Not had time to read the JORC docs. myself yet but note others comments here with interest.

[petrusgazin] 03/10/2017 03:15

Interestingly while Ugur has been developed a lot of work has been going on with the copper processes, as there is a huge stockpile of sulphide ore that has been built up the efficient use of this is very important, also without being able to deal with the high copper content ores cheaply the potential of the site is not maximised, the report that is being produced will update on how effective the new processes are and how the valuable ore stockpile can now be utilised, also the bittibulag ores have not been mined yet or even fully evaluated as there is just too much copper in them to put in the AL plant, even though these ores are very valuable, with 5-12% copper content they can be worth as much as gold ore at 20g/t, a cheap copper only process is needed for these and that can now be optimised, another requirement for large scale copper is cheap electricity which is also now in place. Ugur is up and running for 5 years and the focus now will be on the sulphide and copper processing.