Anglo Asian Mining Share Discussion Threads

[davidspringbank] 28/3/2018 09:56

There is no doubt in my mind that a re-rating will come this year and it will probably coincide with a breakout in gold above 1377.

[bleepy] 27/3/2018 13:49

Mattjos

Worth including a link to the 2018 exploration programme.

I read it almost everyday as a reminder of the enormous potential laid out in the programme.

Gedabek main open pit
2,500 metres of core and 7,500 metres of reverse circulation drilling are planned for 2018. The main purpose is to identify the quantity and quality of the feedstock for the processing plants.

Gedabek underground
Below Gedabek open pit,the 600mtr tunnel below Pit 4 to be extended along the backwall of the Gedabek main open pit to Pit 6 and to exit via a spiral ramp into the vicinity of Pit 1.

Cross-cut tunnels will then be driven through the mineral zones to allow for the construction of drilling chambers.

Fan drilling by underground core drilling will then be carried out to assess the quantity and quality of mineralisation.

A total of approximately 5,750 metres of underground core drilling is planned.

Gadir
Both surface and underground drilling are planned.

7,500 metres of core surface drilling is planned in 2018 for both Gadir itself and between Gadir and the main open pit.

The objective is to further define the footprint geology of Gadir and assess the geological relationship between Gadir and Gedabek mineralisation.

6,000 metres of underground core drilling (HQ/NQ size) and 2,400 metres of underground core drilling (BQ size) is also planned.

The main purpose of the drilling is to provide geological data for the evaluation of the continuity of mineralisation and for planning in advance of mining.


Just two prospects on the doorstep of the processing plant has me anxiously awaiting the Jorc assessments this coming year.


Not forgetting further exploration of Ugur, Gosha, Solyuda, Bittibulag, Ordubad and an airborne survey of the whole Gedabek acreage. $6ml exploration budget for this year alone.

Has to be a divi factored in 2018 news flow.

[mattjos] 27/3/2018 13:26

The valuation uplift will come.
The recent newsflow has all been about 'tomorrow' .. setting the scene for all of us to understand what's in the pipeline.
Next month will be first objective evidence of how the company is performing 'today' & if we have continued with same run rate as Q4 + to what extent the production figures gives everyone confidence on the FY production target.
Get a good Q1 in the bag and the market can then start to look forward as everyone understands that the milder weather and additional crusher will see production ramp further.

Just have to sit tight for short pteriod of time and await the Q1 figures .. they are only thing that will move the valuation in the near-term.

[lefrene] 27/3/2018 13:15

Terropol, naturally I would like to see a higher valuation for the 'normal' reasons, but I feel the excellent managers here do not get the recognition they deserve from the market. When one see's the exceptional competence here compared to some of the over stuffed shirts in banking, retail, and technology, then compare company valuations, there is simply no justice. I suppose it was always thus, fashion and social position outweigh industry and dedication.

[terropol] 27/3/2018 12:58

Lefrene, wile the company cares about getting share price to a decent level...they are busy with creating a strong producing mining company.
I doubt they will keep telling the market stories just to keep the market happy.
We know the update will come out by the middle of April and we hope A dividend plan is in the pipeline.

Where is ZHOKEY???
Deserted well and properly!

He was concerned about drilling results and reserves, well that story in clear now, We have plenty to go at.
Come back always forgiven....

[celeritas] 27/3/2018 11:48

I'm thinking the same Terropol, this qtr if good should see 50p.
I mean by good above 18k.

[terropol] 27/3/2018 11:36

Copper had a big jump today...Wile gold playing with the 1350 area...
At those prices we make serious money. another couple of weeks and we should have a go at the 50p barrier.

[edjge2] 27/3/2018 11:10

buyout a real possibility lets hop we make some profits before that happens. This might double before xmas 2018 imo.

[2sporrans] 26/3/2018 23:06

"mine life was 7yrs before this report". rota

Think it's been 7yrs for past few years.
Whatever....you've gotta figure the team knew about the 2017 results weeks back and certainly a bit before writing up the 3 year plan that was released early 13th March.

Why this resource news wasn't released first, then the 3 year plan precis....I dunno.
Maybe just a case of checking detail and presenting suitably.

Whatever, one of the 4 key objectives for 2018 as stated in the 3 Y Plan is:

"Extending the current mine life to a 10-year minimum"
That's the whole of Gegdabek....Main Pit + Gadir + Ugur + Soyudlu + Bittibulag + ....
15 years life within the 3 years maybe.

The other 3 key objectives:

o replacing mined ounces

o increasing the Company's inventory of resources

o discovering new mineral deposits similar to the Ugur open pit mine ("Ugur") which have the potential to be quickly developed into operating mines

If at least the 1st 2 above are achieved as well as a 10 year mine life, then these 3, in concert, send out a very powerful message for a transformational re-rating of capital value.
A further discovery like Ugur will obviously add value over and above those.

I expect that underpinning the 3 year plan summary released 13Mar18 is a detailed and resourced programme; at a minimum scheduling the movement of various exploration teams, rigs etc. + mine developments. Probably extends to all manner of plant procurement, installation etc, infrastructure developments and interdependencies between all those.
Along with other very commercially sensitive information, for AAZ team eyes only...+ a very select few others.

I guess that part of the evolving game will be to keep the Azeri 'Administration' sweet yet limit/delay the growing lure for their greedy ambitions.
How/when a renegotiation of the PSA fits in will be quite something for Reza to ponder in not distant future; assuming the Gov't / Azergold don't pitch in with an irresistible buy out offer first.

[celeritas] 26/3/2018 22:45

With $100m of recoverables it's in aam's interest to keep the psa as it is until recovered.

[mattjos] 26/3/2018 22:14

some will still be concerned about the region & the relationship between AAZ & the government and AZERGOLD but, the PSA is a very well written document and covers many other (mainly in the oil sector) overseas companies.
Remember also, that when the PSA was signed by each party, the Az government indemnified AAZ against any disbenefit of any future legislation, post date of the PSA being signed.

[return_of_the_apeman] 26/3/2018 21:17

Remember mine life was 7yrs before this report; say they extend this to 15yrs life within a year or so then

All other thinks being equal this alone will generate $1billion above aisc

:-)

[bleepy] 26/3/2018 18:28

That’s useful Mattjos as again there is much detail yet to be revealed under closer examination of the report.

[mattjos] 26/3/2018 18:05

Added a new Button on the header with click through link to today's report

[jeanesy] 26/3/2018 17:34

Thats a great start to the week. Pog also doing well. The bonus of having a broker who is totally out of touch means that some are able to buy more at this level.For how much longer though?

[mattjos] 26/3/2018 16:44

The more I read the report, the more convinced I get as to AAZ's ability to ultimately prove up the resources on their acreage to figures detailed in the IPO docs, if not even more than that.

It truly demonstrates the company's ability to flesh out in fine detail & very much to modern standards, exactly what the drill encounters. That is now undisputable to all observers.

We've got the known resources and the processing ability to keep a healthy cashflow & good profits going for many years ahead, thereby keep the drills turning. The data models will keep growing in size and accuracy & the resources will keep growing in size with each update. JORC's will follow along in good time but, todays news is really like a sneak preview of how well established they already are in this process now.
Iterative experience for the staff & Stephens's experience will accelerate the process and help them become ever more accurate with placing the drill bits.

The company has never, in its history, been so well set, imo ... this should now go on to easily exceed the previous 80p highs

Great action in the closing auction today also ... the buyer waited to see what was signalled in Round 1 of the auction & then cleaned out all the seller was offering in one hit for 25k at 41p. Not seen that sort of buying action for a long, long time here.
Those that missed the 9am RNS today will see it tonight & should lead to further buying tomorrow + the true meaning of todays news will slowly sink in to all.

Well done AAZ and greatly appreciate sharing what is a very technical update

[edjge2] 26/3/2018 16:21

Goldrush on the up 10%+ will do me

[goldrush] 26/3/2018 15:39

Only a 15,000 purchase ( Edit ..followed by a 1,000) has now moved L2 to 2 v 1 @ 39 v 41....

Now gone....L2 strengthened to now 3x39p v 2x42p ....someone was asking last week why the price was not moving and the big spread .....now try to buy in quantity....when this moves ...it moves....

[mattjos] 26/3/2018 15:34

nada online again

[bleepy] 26/3/2018 15:28

Another black swan moving pog....

The United States and its European allies are expelling dozens of Russian diplomats in a co-ordinated response to the poisoning of a former Russian spy in the UK.
US President Donald Trump has ordered 60 Russian diplomats to leave the country.
Germany, France, Ukraine, Canada and various European countries have also expelled envoys.

[goldrush] 26/3/2018 15:22

Now No 37 on the Top Gainers List !! ....and we haven’t warmed up yet .....

L2 now strengthened ....only 2 on the Offer of 41p and very little stock around IMHO

[mattjos] 26/3/2018 15:18

me too ... would rather buy now at this price and switch after 5th April