Anglo Asian Mining Share Discussion Threads

[terropol] 20/10/2017 12:28

Catsick, my fealing is that there will be mining there in 30years time. The tailing dam is massive...wall gone up much more of late. Awaiting company updating the marker in very near future. Plenty more nearby to drill or drilling at the moment.

[brasso3] 20/10/2017 11:54

O/T Azerbaijan related news.

Check this out at ZEN (£13m mkt cap):-

[jbravo2] 20/10/2017 10:51

I think my ideas are the same as yours celeritas.

[celeritas] 20/10/2017 10:36

Bravo, who do you think is hoarding stock?
I have my own thoughts.

[cannonfodd3r] 20/10/2017 10:07

There's gold under the whole town!

The mountain that's being mined is called copper mountain and Siemens only really mined it as that (gold produced but not declared)

There's a lot more there, it's more a case of what area is most viable to go at first! Ugur being a case in point! Not massive grades but costs are as low as you could hope for and as many point out it wasn't even on the radar till Stephen found it

[catsick] 20/10/2017 10:02

Terropol , would love to hear more about your visit, did you get the sense that a lot of exploration was going on outside the areas they are mining ? How long term do they think the mine life is going to be ? I guess if there is a ton of new houses going up in town they dont think the mine is going to shut in a few years time .

[terropol] 20/10/2017 09:26

2Sporrans. Not much water at all on the tunnels...but did see a lot of shiny rocks.

[2sporrans] 20/10/2017 08:27

Well said wrt the altruistic local work Catsick.
Over $12-mn [since 2009] into a social fund is a substantial contribution
to boost welfare of the less well off.

The figure that impressed me most was the sum $231-mn local businesses have earned, selling to AAZ. [Almost 4* the Gov't share of Gold produced. Also nearly 8* the local payroll.]
With the economic multiplier effect, transformational for the town and area.

[jbravo2] 20/10/2017 08:05

Another 70k gone after hours. So many traded after hours at mid price.
Millions, I mean millions, now traded like this.
All started in summer 2016.
Ring any bells?

If you're not in, you're gonna miss out.

[catsick] 20/10/2017 03:29

That is a very interesting presentation, the geology map of the gedabek area was most interesting with many new areas highlighted with gold copper zinc and never seen mentioned before molybdenum too, there are a lot of potential areas to explore, also I think it is very good to see all the local work they are doing with schools, kindergartens bridges etc all being provided for the locals, I think it underlines what decent people they all are, unlike most of the crooks running aim companies, 10 tons of honey production too !

[mattjos] 19/10/2017 23:40

Quite apart from the metrics of the business, this recent visit very clearly highlights the 'fringe' benefits that AAZ have bought to Azerbaijan.From zero at IPO, the company is now a net employer of over 1000 people in an are of Azerbaijan that has few prospects for job seekers. It is very clearly contributing to the governments gold reserves (a stated govt long term intent) & it is pulling in knowledge-transfer from the U.K. to Azerbaijan.& this from a company with a CEO who not only owns 30% of the business but, also who has lent the company $3.9m of his own wealth to see it through a tough patch. Be honest all .. who does not have both a great sense of admiration for Mr. Vaziri? This is a company that is sharing its success all along the journey. How many other AIM miners can anyone here even suggest act as philanthropically? It should be applauded & reflected in the mkt cap

[bleepy] 19/10/2017 22:42

Gedabek development
• Quote from London mine adviser after visit to mine in October 2017: “Gedabek Town: There is so much more going on in Gedabek than there was. The town is totally transformed from the desperate poverty-stricken village it was when we first visited in 2004. Hundreds of new houses, offices and shops opening in the area highlight the multiplier effect of wages of the mine combined with contracting businesses and the entrepreneurship of the local people. Gedabek can be held up as a leading example of how mining can reinvigorate the most depressed of local economies.”

[2sporrans] 19/10/2017 21:28

Thanks JBravo.

You must have gleaned a lot of insights getting right up and into
the workfaces Terropol.

Is there much in the way of water to pump out of the tunnel?

[jbravo2] 19/10/2017 21:27

Well if you want 'em, you want 'em.
Back in August you were sweating a drop down to 24p or something. You could buy under mid etc. I had 'em.
Buys here, at ANY price this week, next week whatever, you tell me why it won't be higher, way higher, in 12 months.

[jeanesy] 19/10/2017 20:28

I was hoping to buy a few more next week as i'm on holiday. Looks like i might not get chance to buy any under 34p now !

[mattjos] 19/10/2017 18:39

essentially, they have a mountain still to go at.

[jbravo2] 19/10/2017 18:30

@2sporrans
There are loads of resources to get a better idea of the geography etc.
Apple maps are useful, if a little out of date. i.e. the open pit is small but when combining it with the pic supplied to day you can see whats happened (the roads are still the same). The 3D function gives you an idea of the topography better than many of the 2D drawings.
Also there are some pics on panoramio, mapio etc dotted around the net taken by locals or even some of the staff. Pics on site, just off site etc.
All will help orientate you.
It does look from the mine map today as if the high wall is now actually at the peak of the mountain. If that is so, every further push back after that would actually be smaller as it progress down the hill the other side.

[mattjos] 19/10/2017 18:22

that's a 30-40T Doosan tracked excavator in the picture at Ugur .. going to shift a lot of materials quickly & the ore looks more like an aggregate than a hard rock

[terropol] 19/10/2017 18:06

Wanting to arrange the dinner to talk about my visit to the Mine. Not available now till 5th November.

[terropol] 19/10/2017 18:05

I have been all the way down that tunnel. Hard rock but equipment getting trough many feet x day

[jbravo2] 19/10/2017 18:01

The high wall is sort of at 10 o'clock on that pic from the presentation today. Well sort of runs in a straight line from 9o'clock to 12 o'clock.
The arrow pointing from "Gedabek open pit" runs right over it. The rock is sort of grey in colour in that pic.
That is basically the mountain they're digging into. Well actually just removing!

[2sporrans] 19/10/2017 17:36

Harkening back to the 5th October and that article 'leaking', amongst other revelations, this:
".....Further work is ongoing to plan the extraction of the push back of the high-wall to allow mining to continue in the pit for around another seven years in addition to the two or three which are currently accessible."

With reference to today's presentation and page 8 aerial view of the main pit + vicinity, would some kind poster clarify for me as to where the high-wall is situated?

I'm noting that Gadir lies to the North.
The town is to the East and South; not a few houses close to the pit boundary, a few maybe within 100m.
Potential need to buy the land + properties?

No big deal in context of 9-10 years of continued open pit mining; there's plenty time to plan and execute the extension.
Just curious.

[mattjos] 19/10/2017 17:23

its a pretty simple chart pattern right now ... & unsurprisingly very little buying required at/below the line to see then price move upwards.


free stock charts from uk.advfn.com

[mattjos] 19/10/2017 17:16

folk don't seem to have any patience. The price drop was insignificant and they never really dropped the price at which you can buy the stock anyway.