Anglo Asian Mining Share Discussion Threads

[jbe81] 21/11/2017 09:34

Yes got some today, should be news anytime I would have thought.

[basem1] 21/11/2017 09:11

Anyone topping up ? I've just bought another 50000 at 29.8 ?

[bleepy] 20/11/2017 16:41

Baku. 6 November. REPORT.AZ/ The gold and silver production in Azerbaijan has increased. In January - October, 5 107,5 kg of gold were extracted in the country which is 3.2 fold greater than the corresponding period last year. The silver output increased by 42.2% ion annual comparison and totaled 433,5 kg.

Report informs referring to State Statistics Committee (SSC).

Currently, the gold mining in Azerbaijan is carried out in Dashkasan by AzerGold CJSC and Gadabay district by British Anglo-Asian Mining company.

Anglo-Asian Mining company is involved in mining in accordance with PSA (Production Sharing Agreement) signed on August 21, 1997.

Agreement envisages the exploration of six gold deposits – one in Nakhchivan, two in Gadabay, and three deposits located in Kalbajar and Zangilan, remaining still under Armenian occupation. Azerbaijan owns 51%, British company Anglo-Asian Mining Plc - 49% of shares according to agreement.

[jbravo2] 20/11/2017 16:24

BIG numbers.

Over 21koz of gold produced in Azerbaijan in October.
Clearly AzerGold, whilst they (probably) have started producing, are still selling down their stockpile at the same time.

[mattjos] 20/11/2017 13:15

"ECB proposes end to Deposit Protection Scheme"

If that is true, it will surely persuade more people to hold physical gold & silver & crypto-currency to prevent their cash being bailed-in to a bank.

[bleepy] 20/11/2017 11:45

A number of snapshots of Ugur contained in the British Embassy visit report..



Also map showing Ugur in relation to main plant and wider prospects within Gedabek acreage.

[2sporrans] 20/11/2017 10:54

Started looking at local weather, using the link provided here, top of web-page - for Chardakhly. Extremely cold at nights now. Over 4,000ft up after all. At least the snowfalls seem to have been light thus far.

Anyway, used the Chardakhly location to begin a Satelite [Map] search, going along the read to "Gedabay". [From hxxps://mapcarta.com/13519462 follow-scroll main road down/left to Gedabay]
Zooming in on locales of interest, like main pit + plant/offices [easily recognised], then up a few km of road to main plant + heap leach pads:

hxxps://mapcarta.com/13519462

I'd imagined for a a few minutes I'd 'discovered' a Sat-view of Ugur.
The map indicated it was very recent.
But, no sadly.

Maybe AAZ will update their site gallery soon.

[catsick] 19/11/2017 20:38

Would be nice to know some of the grades they have encountered below gedabek and in the back wall, both these areas are outside the current jorc resource and they have been drilled in order to decide to go ahead with exploiting them so would be nice to have an indication of what they think the total reserves are in these areas

[mattjos] 19/11/2017 19:34

"In conclusion, Behre Dolbear believes that thorough exploration will reveal significantly more potentially economic mineralization than is presently known, especially in the Ordubad and Gedabek Contract Areas."It's taken a long time since that report was written but, the data contained therein & it's analysis & conclusions are still entirely valid .. much more so actually, given that gold was at $450/oz & the £ was worth virtually $2 at the time it was written.Hardly surprising the company now intends to issue a three year rolling exploration plan by end this year.Am really looking forward to the deeper fan drilling results next year, under the Gedabek pit back wall.

[mattjos] 19/11/2017 17:11

Been re-reading the IPO documents this afternoon .. particularly in regards Ordubad and some of the hinted-at additional resources in/around Gedabek.So much to go on across AAZ's acreage & now we have the firepower, the technical & human resources & the processing plant to do justice to this huge opportunity. It's going to be an exciting 2018

[mattjos] 17/11/2017 23:38

Frustrating as it may be at times, we should remain aware that the chart has consistently shown a trend of higher lows since February 2016 and in that timeframe the share price has risen some 600%.

We are still only 50% of the way back (in share price terms) to when Bashirov started selling his large holding down but, we are a much, much stronger company now than we were back then & have significantly more positive news drivers waiting in the wings to reach and exceed that 60p level.

I'm still chipping away here during this quiet spell and have added more last week and this week. Nine weeks to the next scheduled news piece (Q4 update) but, we know there will more news to come before then.

Have updated the thread header a bit today. Good weekend all.

[mattjos] 17/11/2017 21:42

That gold chart getting gradually more and more bullish. Nearly back to $1,300 now.Q4 is going to be belter here

[basem1] 17/11/2017 14:48

And that's with 80,000 sold this morning too. We still have a buyer ?!

[mattjos] 17/11/2017 14:02

max online 1,500

[basem1] 17/11/2017 12:31

About to go blue ? Still not a lot of stick around.

[friendzarin] 17/11/2017 09:35

Last year there were 3 RNS issues between this time in November and the year end. Those may well have been unique to last years operations but we have just as much if not more going on this year so here’s looking forward to more forthcoming information in the near future.

[celeritas] 16/11/2017 18:36

I think financing is most likely but you never know.

[celeritas] 16/11/2017 18:33

The World Needs a Lot of Copper, but It Won’t Get It for $3 Per Pound

[2sporrans] 16/11/2017 16:19

Wonder which will come first:
Production news or something on the resource the huge volume of drilling will reveal?

Though the latter is more important, we've only been advised about the first several weeks of Ugur focused production so an update [even if only October Gold dore] should answer a lot of questions.

At least the Gegdabek weather looks benign until December; maybe continue a bit further out.
Looks like a decent Q4 profit to come, along with shrinking debt and interest payments.
Doubt this is fully priced in.

[terropol] 15/11/2017 19:28

Is like me saying....Going to church every Sunday morning...but then I never get there....lol

[mattjos] 15/11/2017 12:12

According to St. Brides they specialise in:

"Unique, full spectrum, intelligent communications

We provide joined-up PR/IR that is compelling, provokes action, broadens reach and adds value. We don’t over promise, but we do provide sensible, professional advice to ensure that clients are engaged with the right people and their story gets exposure across the investment community and media."

I don't think so !

[terropol] 15/11/2017 11:29

Good Morning Mattjos.
I hope St.Brides will not be on the payroll for much longer.
They are not good at returning calls......

[mattjos] 15/11/2017 10:54

FriendZarin .. got your Pm. I struggle to use this ADVFM messaging app. It's in no way intuitive and always seem to end up sending blank replies.

Anyway, St. Brides are complete waste of time and money. Their reply you shared with me is the usual fobbing-off that they dole out to PI's. I suppose they did at least reply to you but, was inconsequential consultant gibberish content!

Completely beyond me why AAZ pay them a single cent as I do not see them adding any value whatsoever.

The figures here will 'do the talking' come January but, I do expect other news items between now and Q4 update.

[jbe81] 15/11/2017 09:59

Breaking $1300 again should see a sharp rise in the share price and show just how tightly the shares are held.

[jbe81] 15/11/2017 09:57

Nice to see the strength in the price in gold the last few days