Anglo Asian Mining Share Discussion Threads

[bleepy] 16/1/2018 19:03

On the operational front...

Operational performance anticipated to be further enhanced in 2018 due to..

* Recommencement of mining operations from the main Gedabek open pit in Q1 2018

* Recommencement of flotation processing, independent of the agitation leaching plant, following installation of a second, dedicated crusher line targeted for Q2 2018 - this will increase processing capacity significantly


Best to digest rns section by section. The strong performance reflects years of dedicated planning and execution by a top class team. This company deserves the highest merits. The following weeks/months will demonstrate their ability by becoming a mid tier mining company with a world class reputation.

[mattjos] 16/1/2018 18:49

About time jeanesy got in from work :-)

[mattjos] 16/1/2018 17:02

give it time yasX ... AAZ virtually always strengthens in the week after a good RNS. Usually rather slow to do so on the day itself - although today is an obvious & deserved turnabout from the previous 3 years of 'sell on the day' patterns.

This is predominantly a Private Investor stock and so you need to wait for folk to get home, read the news this evening, spread the word so to speak and also the inevitable chatter that will come on various other forums.

Would rather it did not try and do a 20% move in just the one session .. that will only encourage volatility. Much rather a slow steady climb this next few weeks that enables the short term traders to get out and longer term investors to get more involved.

This warrants us trading in the upper 50's to 60's imo. give it time

Also, lets see where gold goes in the next few sessions also. We've had 3 strong up days in gold and now 2 down days. I'd be looking for it to push on a bit further in the week ahead.

[jbe81] 16/1/2018 16:58

Often takes 3 days after news before there is a large sustained rise here. Interesting to see the share price this time next week, could well be more good news by then.

[yasx] 16/1/2018 16:48

It seems some prefer the momentum stocks - the news today deserved a far higher gain than what materialised.

[gutterhead] 16/1/2018 16:39

Good call Matt, I've just dropped them a note to say well done and keep it up.
they continue to deliver.
its been a great few years growth and I'm confident it still has a long way to go.

[jbravo2] 16/1/2018 16:03

Yes matt. Got in touch this morning.
Seemed to be appreciated.

[jaspoland] 16/1/2018 15:34

Surely some media attention tomorrow. If it's welcome or not is another matter

[mattjos] 16/1/2018 15:25

anyway, time for some more

[ilostthelot] 16/1/2018 15:05

Still time to jump aboard this money making boat. Easy money chaps.

[mattjos] 16/1/2018 14:55

daily price movements now greater than the price I paid for a fair amount of my stock in 2015 & 2016!

Think I will print this RNS out and have yet another good read this evening as, so often little tell-tale nuggets in AAZ news items that give you clues as to what's coming up next.

[sh0wmethemoney] 16/1/2018 14:20

Someone just took a 100k, holding tight here!

[mad foetus] 16/1/2018 14:07

GFM related from 85 to 130 on news that it had repaid all its debt. Unless I am mistaken it looks likely that AAZ will, if it wants to, be able to declare it is debt free around the middle of the year. That's not to say the share price won't rise until then, just that a 50% boost is likely when the market realises what we already know.

[jbravo2] 16/1/2018 14:04

Very good of you to drop by resourceful. Thank for your kind wishes. I hope you found something to make money in elsewhere.



Absolutely mad foetus, it is staggeringly undervalued and as such it is very very easy to be ultra confident. I have NEVER been as confident with any other share.

Ask yourself this? Do you think Reza is successful? Is he "wealthy"?
If so, do you think it would be a wise idea to follow his money?
It's that simple isn't it? He's one of the few CEO with real skin in the game. Fills one with confidence.

[mad foetus] 16/1/2018 13:56

I have rarely felt so confident about any share. Perhaps it is hubristic, but this looks utterly undervalued on what we know now. My main concern is that it is only 5% of my portfolio!

[jbe81] 16/1/2018 13:51

They will now take 130k shares, not often that they will do that, looks like Cantor are a bit short

[gutterhead] 16/1/2018 13:35

I've been called worse

I can hardly wait Matt!

[mattjos] 16/1/2018 13:22

The Big 'W'



There will be a fresh buying surge once we get over 72p weekly close


free stock charts from uk.advfn.com

[mattjos] 16/1/2018 13:09

All through 2015 & into start of 2016, Cantor Fitzgerald (CFEP) were the persistent seller of the stock on behalf of Bashirov.

They are now pretty damn keen on the Bid to try and collect up what they can ahead of next news articles.

Cheers Basher! Still not back to where you started selling these at around 55p back in 2012 but, getting back up there now.
Still £1 coins on less than half-price offer today

[bleepy] 16/1/2018 13:02

“Anglo Asian is continuing to lay the foundations for long term sustainable production growth and to deliver value to its shareholders.

Mining is expected to recommence at our main open pit at Gedabek in the near-term together with the installation of a second, dedicated crusher line for the flotation plant.

These should significantly enhance our production profile throughout 2018.

I look forward to providing further updates on forecast 2018 production and expansion and exploration objectives in the coming weeks."


The 2nd crusher coming online Q2 will ease the bottleneck and enable the flotation plant processing.
Gedabek open pit returning to full mining this Qtr.

The coming weeks news of 2018 production forecast, exploration and expansion objectives should rerate this share substantially.

[jbe81] 16/1/2018 12:21

mms will currently take 110k @43.8p suggests, 50p only a couple of days away.

[resourceful] 16/1/2018 12:17

just saw this
shocked
well done to the believers

[mattjos] 16/1/2018 11:56

Read and re-read the RNS twice now because there is always so much information packed into AAZ's news pieces.

Seems pretty clear that there is still a lot of pent-up news yet to be released.

What a terrific achievement by the company! to identify, drill, prove up and bring Ugur into production in such a short timeframe & for it to be immediately profitable.

What a superb team Reza has assembled in AAZ now!! ... Bloody Well Done everyone. Fantastic job

[2sporrans] 16/1/2018 11:37

Looking at the activity on the nex exchange, which favours investors and maybe swing traders over rapid/short-term traders, I'd say the rotation from the latter to former is already underway.

For me, one substantial surprise was that complete suspension of the flotation plant throughout Q4; known about the crusher bottleneck for months but had't realised how impinging. So the 2nd production train was SART only.

Yet, AAZ almost exceeded their annual prod. f/c top end of 72k GE-oz!!
Bring on the crusher!

Another, pleasing surprise was the size of the Silver production in Q4:
"18 per cent. increase in silver production for Q4 2017 to 47,478 ounces (Q3 2017: total 40,288 ounces)"
When you bear in mind, there's little silver coming out of Ugur, specifically and the Q4 silver produced was [therefore]about 74% via SART.
That's about $800k value of silver, though not sure how much of that get's realised when integral to copper concentrate produced.