Anglo Asian Mining Share Discussion Threads

[royaloak] 27/10/2017 09:03

Bought early on, actual price was 28.81 / 29, much happier buying a share when there is a sensible spread, especially if it is a good company!

[jeanesy] 27/10/2017 09:02

UT trade just gone through for 1 share. Some believe it is a MM sign ?!!

[2sporrans] 27/10/2017 08:59

Cheaper indeed Jeanesy.
Just bagged few more for 29p.

Good debate Bleepy and Frendzarin

I think the AAZ management are alert that they need to improve
communications with their investors and these have improved the past year, in as far as we have been given more information more often than previously.

As for the quality of the information, its good in some respects but arguably lacking in others.

Seems to me the information is generally accurate and a fair amount of technical detail given in a tolerably assimilatable way.

Where it arguably falls down is that it often fails to deliver in terms of showing how value is being or will be added going forward.
Further, it's not clear what the overall targets are for which the value added relate to.
Hence e.g. Freindzarin's comment:
"Is it AAZ’s clear goal to be a 100k au equiv producer within two years ?"
So we can see the trees but lack vision or perspective regards the forest.

To be fair, seems AAZ are going to address this.
E.g. from this latest RNS
"The Gedabek contract area hosts many targets of different styles of mineralisation, which are being assessed in order to prioritise future exploration programmes. It is planned to prepare an annual three year work programme to dovetail into the Company's gold and copper production profile."

Yeah, a summary, published programme, with targets and progress updated per release would be great. Could maintain on the W-site and simply X-Ref when releasing RNSs
Even better to extent the programme brings out the synergies between resource exploration, development and production and the evolution of plant + infrastructure, manpower etc.

Think Bleepy makes good point about AAZ releasing info. only when sure of its accuracy and also comprehensive releases rather than piecemeal.

Then again, e.g. I'd have liked e.g. to know what the grades/rock-type score is with Gadir phase 2 and feel a bit frustrated in not knowing as production has already been going ~4 weeks. Presume the grade etc info. is known to AAZ or are they going semi-blind?

Accept we have to wait wrt to the far more important main pit grades/rock-type.
Then again, are they going to extend/re-model [push back the back wall] such that there will be at least another 7 years of open cast mining capability?
Or ain't they?
I mean, it's pretty pivotal.
Even though AAZ never released any RNS stating any such plan, they must be aware of the recent article we have read here that clearly put that across.
If it ain't so, then put us right.
If it is so, please confirm and elaborate as best you can.

There's plenty more in similar vein; hope this is enough to convey the gist of things.

Also, yeah, investors have expectations.
Sometimes daft ones and can argue that's their problem, not AAZ's.
Then again, AAZ will become even more attractive to more long term investors to extent it manages those expectations well.

[jailbird] 27/10/2017 08:20

Bleepy ( filtered)

Talk about Verbal diarrhoea

[jeanesy] 27/10/2017 08:12

meanwhile the shares get cheaper by the minute !!

[jbe81] 27/10/2017 08:06

Friendzarin you are hitting the nail on the head with AAZ. That combined with a few traders exiting and the recent fall in gold means we might fall a few more pence. Then even zhockey might be tempted to buy back in!

[friendzarin] 27/10/2017 06:50

Bleeps

I’m on a phone and not really in a position to respond in detail on some of the questions you ask of me.
I’m simply frustrated that all the great achievements that are taking place which are examples of prudent management on the one hand be it financial (debt management etc),operational capability (plant upgrading,facilities and infrastructure improvement)community relations etc
... and improving production potential through increased investment in exploration and resultant drilling have and are the building blocks of a great future. It would be very easy to have professionals who are allied to the company have all this under a coherent mission statement or overarching business strategy (whatever the organisational speak for this now)that brings this purpose and these endeavours together.Is it AAZ’s clear goal to be a 100k au equiv producer within two years ? Certainly looks like it to me and would provide context to ambition and delivery.
I am simply therefore trying to be objective and asking questions. You must surely feel that AAZ got no where near the impact it could have achieved from the paper on production treatments Matt unearthed or the last RNS on the Ambassadors visit on what AAZ is doing for the local economy and the working people of Azerbaijan it supports.
This is the gist of it for me. It’s about the company being as on the front foot in the area of effectively communicating to the investing community as they are in so many others.

[bleepy] 27/10/2017 00:17

Friendzarin
Well done with your investment.
Yourself and others have been critical of this and other rns’s.
Would you mind giving your positive pr version of this rns.

Personally I thought the rns positive, informative, forward looking and full of detail.
There are probably professional reasons why ore grades have not yet been given. It appears from many that’s all they want to know. The vast amount of detail in the rns is whole heartedly encouraging demonstrating the immense amount of effort and work done from all departments.
If the Ugur report is the new standard then attaching such a report for each area under exploration in this rns would have swamped the rns. Let’s have an Ugur style report on each area under exploration not morsels from a few of the higher grade bore holes only.
From memory the first report on Ugur mentioning a few boreholes left many thinking the resource was of such low grade it wouldn’t amount to much, how wrong an impression from such a scant view of the prospect. Perhaps they are wanting to avoid repeating the same error.

Can you point out where management fail to communicate while in the same sentence you say their competence is without question.
Yourself, Mattjos and jb have spoken with the board, do they not listen to good advice when given. It’s all well and good to critique their communication skills, please, anybody let’s hear your version of this rns.

There are many available to talk the talk but not many who can walk the walk, fortunately we have a CEO and company who underpromise and over delivers so patience please. All in good time as they say.

Just rereading the cv’s of the senior management confirms they are highly qualified, competent and highly regarded in many walks of life. I’m sure they are more than capable of communicating an rns.

[friendzarin] 26/10/2017 23:20

I spoke to Steven Westhead after the AGM about how the announcement of the revised strategy could have been positioned more positively.
I’ve attended 3 Proactive Investment briefings where a more positive positioning could have been taken on the company’s future prospects
I have seen probably half a dozen RNS’s that have been made market sensible by the the analysis that JB and Matt have provided.
Each and every RNS has been interpreted by inference through the knowledge this board has.
I would have to say our ability to positively express our achievements as a company are numbingly poor.
I don’t believe in spin but I do believe in positive p r and that the management of investor relations is of extreme importance in any business strategy.
Throughout this time I have never been more confident in my investment .. never sold a share and am within hailing distance of 7 figures.
The company’s senior management competence is without question so why do we have this failure to communicate our message on performance?

[2sporrans] 26/10/2017 17:38

"......if tokyo is just a heap of radioactive rubble".

C'mon, you don't believe this is remotely likely do you Catsick?

Biggest risk of such to Japan is another Fukushima type disaster.

Finally, Abe has the green light to change constitution then re-arm Japan, cruise missiles, ballistics+nukes and all. Been expecting such for past 2 or more years.
Dear Respected Comrade Kim Jong Un won't mess with that.

Expect that 10 [could be less] years from now, S. Korea will have gravitated towards close co-operation and mutually supportive 'understanding' with China.
Xi is like a new Mao now; Soft Power with a steely grip.
Plumpo Chops Beloved Leader will have to grin through ever sagging cheeks as Seoul is weaned away from declining and self absorbed America into Xi's warm embrace.
He'll be out in the cold; maybe with rigor mortis rictus if Xi deems it.
BL a fool to repeatedly bait Xi; more so to cause loss of face.
Xi may look rather like a somnambulist-Panda but his path to power has been clinical and ruthless.

North Korea is an impoverished, backward fiefdom ruled by a paranoid tyrant and military cadres, playing with highly dangerous nuclear toys; probably bought from some ex-Soviet source.
How much further will the BL up the ante?
An air-burst N-bomb over the Pacific?
Maybe.
Can't see him being so stupid as to give America the excuse it needs to take him out [Can do this with 'conventional' force; with ease].
An air-burst N is sailing very close to the wind.

China under Xi will be like an enormous glacier, inexorably grinding towards its chosen destination.
First, an unassailable regional Superpower; later a Global one; ultimately perhaps THE one.
In comparison to Xi, Trump is just an impotent Windbag who cannot even get through a programme of domestic reform, reacting to events and changing his goals, strategies and team by the month.

[jeanesy] 26/10/2017 14:54

What hoped for news is that ?

[mattjos] 26/10/2017 14:48

not done anything jeansey ... the news in itself is fine & common sense should prevail in a day or two.

Production is coming along well & gold is still way over $1,200 so that will nicely take care of the debt reduction & cashflow which are the most important things just now.

Clearly there is a lot going on, on the exploration front and to be making such a big raise of the tailings dam is indicative of where they are planning to take production levels to in 2018.

Stephen Westhead is obviously getting into his stride now and objectively prioritising the exploration and future planning. There is much more on our doorstep than has been assumed/identified in the past.

I have always said that Gedabek would be productive for years and years ahead & that should be becoming increasingly clear to everyone now.

Hoped for news has not materialised today but, it will come & probably now when least expected.
Meantime we will keep cranking out the Au, Ag & Cu & at much better prices than envisaged 12 months ago.

[jeanesy] 26/10/2017 14:06

Someone with larger holdings getting rid. You have not been able to sell any the last few days, I tried some dummy sales, so yes this is the reason for todays fall. Are you a buyer or a seller Mattjos at these levels ? I do agree that the standalone RNS was pretty pointless without any meat on the bones. The company has shot itself in the foot as this should have been added on to the production figures, without damaging the shareprice. We have now fallen quite a bit from the 37p levels. Perhaps I will now be in with a chance of getting end of year price correct ?!! I would much rather it was much higher though. Not sure where price will go from here as I did expect a bit of a bounce today after the sudden drop.
I wonder when the next bit of news will happen. Sample results possibly ?

[2sporrans] 26/10/2017 13:46

"The last line ... to facilitate planned expansion of the processing facilities... tells me we will hear shortly of the type and size of expansion planned and perhaps in line with expansion of Gadir, Gedabek open and deep mine and explorative expansion of Ugur resource."

Posted much the same ~9am Bleepy.
Except, expect it will take at least a few months before much in the way of plant expansion plans are decided/announced; after the main pit drilling results have been fully analysed at very least.
Ordering of a new crusher could happen any day though.
Possibly even a flot. tank add-on, though prob. make more sense to wait for a fuller consideration.

[jbe81] 26/10/2017 13:46

A couple of delayed 100k sells explains the fall today

[catsick] 26/10/2017 13:30

Cool , a big nuke test just in time for my return to japan today, been in vietnam most of this week for some r+r now seems like its all going to boot off with 3 us aircraft carriers circling, just had time to top up a few cheap aaz shares although they wont be much use if tokyo is just a heap of radioactive rubble .... trump and putin both in Danang next week and they have the place very spruced up for the event ....

[bleepy] 26/10/2017 13:28

Again the raising of the tailings dam wall and laying of pipe from dam to production plant is a give away...


To support the planned expansion resulting from the exploration activities and other production increases as a result of the strategic review earlier in 2017, the Company is also increasing the capacity of its tailings dam to meet future requirements.
Work is also underway constructing a second pipeline between the tailings dam and the Company's processing facilities to facilitate planned expansion of the processing facilities.


The last line ... to facilitate planned expansion of the processing facilities... tells me we will hear shortly of the type and size of expansion planned and perhaps in line with expansion of Gadir, Gedabek open and deep mine and explorative expansion of Ugur resource.

[bleepy] 26/10/2017 13:21

Kim Jon announces plan for HUGE nuclear test - USA on alert. A possible atmospheric test over the Pacific Ocean should be taken seriously a senior NK diplomat warns.

[2sporrans] 26/10/2017 13:07

The size of the Elephant in the room can be no greater than that of the room but 2 rooms may accommodate 2 Elephants.

[2sporrans] 26/10/2017 13:03

Where exactly do you reckon the tunnel [or "Exploration Gallery"]has ended up right now Matt?
I make it somewhere below the NE quadrant of the open pit.
Looking at P14 of the recent BE presentation, given the pale blue down-zone represents mineralised rock, the first one has been reached by the tunnel [phase1].
So will the 2nd phase of tunnel go a similar [600m] distance to the first, heading roughly southerly, towards the backwall, where it will marry with the second blue down-zone, to be fan-drilled?

Whatever, it's certainly interesting that AAZ are contemplating an ADDITIONAL underground mine to exploit the ores deep under the backwall.
There was that recent article stating plans for the backwall to be pushed out to the South to accommodate excavation of the pit for another 7 years which implied to me they envisage open cast mining over that duration.
[This IS something I was hoping for confirmation of + more detail in this update]
On face of it, these 2 prospects are not mutually exclusive given:
"The mineralisation target [under the existing backwall] is additional to the current Gedabek open pit reserves"

Your thoughts Matt?

And others?

[jbe81] 26/10/2017 13:03

Certainly a different approach from AAZ, 4 RNSs this month. Expect more to follow, drilling results, news on refinancing or more positive news.

[bleepy] 26/10/2017 13:02

Again the raising of the tailings dam wall and laying of pipe from dam to production plant is a give away...


To support the planned expansion resulting from the exploration activities and other production increases as a result of the strategic review earlier in 2017, the Company is also increasing the capacity of its tailings dam to meet future requirements.
Work is also underway constructing a second pipeline between the tailings dam and the Company's processing facilities to facilitate planned expansion of the processing facilities.

[bleepy] 26/10/2017 12:59

These updates are detailed and thorough and certainly different from the past. Perhaps since Stephen Westhead has been onboard.
The information containing grades found from exploration samples will probably be presented in an Ugur style report(which was presented in fine detail) rather than dropping morsels to speculate on.

Mattjos it’s been said Gedabek open pit has 10yrs minimum life thus far and that’s by extending the back wall. Given the probable life of Gedabek is 20yrs since inception then one can speculate the life of an underground mine beneath the open pit. From surface drilling at Gedabek they have some idea of what lies beneath. Plans to further extend the tunnel confirms this. Once fan drilled they will formulate a 3D image that can be targeted and accessed precisely from such tunnels.

[mattjos] 26/10/2017 12:23

this is very interesting:
"It is further planned to extend this tunnel along the Gedabek mineralisation beneath the backwall of the open pit and to fan drill to assess the mining potential for a Gedabek underground mine. This exploration work is planned for 2018 as underground mining equipment is now being utilised to mine ore at Gadir. The mineralisation target is additional to the current Gedabek open pit reserves"

[jbe81] 26/10/2017 10:58

Certainly should be a lot of shares changing hands today, good for a sharp rise going forward. Would expect it finish about 32-33p. Chart should still look good, Matt.