Anglo Asian Mining Share Discussion Threads

[terropol] 04/4/2018 12:08

We must be generating plenty cash flow with strong production and Great gold price.
The 3.9m paid back to Mr.Vaziri would have been made without any strain at all on the bank account.
Have a good day all.

[jeanesy] 04/4/2018 12:05

42p now being paid

[jbravo2] 04/4/2018 11:58

:D
The starting blocks are being set up for Friday

[mattjos] 04/4/2018 11:58

Bid has now crept up to 39.4p for size but, still nada being offered online

[lefrene] 04/4/2018 11:48

Well there's a penny on the bid, now only 200p to go to put AAZ on a par with Polyus :¬)

[mattjos] 04/4/2018 11:34

I'm bid over 39p for 60k shares but, not offered any whatsoever other than on a market best price

[gutterhead] 04/4/2018 11:20

I see share price angel are busting a gut again.....

[lefrene] 04/4/2018 11:18

So why doesn't the price go up! Oh yes it's AiM!

[mattjos] 04/4/2018 10:46

correct jeanesy ... MM's offering absolutely zero shares online right now, not even ForK is being accepted. Can sell a shedload

[mattjos] 04/4/2018 10:37

from share price Angel morning update:

"Company News
Anglo Asian Mining* (AAZ LN) 40p, Mkt Cap £45m – Director loan repayment
• The Company repaid the total amount of outstanding loan in the amount of $3.9m on 29 March.
• The loan was provided by Reza Vaziri, CEO and a major shareholder in the Company, and carried an interest of 7%.
Conclusion: The Company is continuing to deleverage the business amid strong FCF generation from its operations."

[jeanesy] 04/4/2018 10:33

There seems no stock to buy but you can sell plenty.. hopefully a sign things are going to move up from here. New ISA season on friday could be interesting ?!!

[bumpa33] 04/4/2018 10:22

not much stock out there it would seem, bids in 50’s and 100’s, KBC have 25 but favoring the Bid, Cantor favoring the Bid too. Managed 20 at 40.5 but that was it.

[bumpa33] 04/4/2018 10:06

wow - missed that RNS of the loan repayment. Great stuff.

[malcolmmm] 04/4/2018 09:50

$1347, with trade wars looming gold is again perceived as a safe haven ,I have a limited buy order in

[mattjos] 04/4/2018 09:23

gold on a strong move this morning

[catsick] 04/4/2018 01:40

Also fortunate to be on the grid now, higher diesel prices would be significantly increasing costs, they will still add a little but the saving from being on the grid now will be greater than originally planned ...

[abbotslynn] 03/4/2018 20:36

Very nice finish to the day

[gutterhead] 03/4/2018 18:39

Good summary Matt, thank you.

[mattjos] 03/4/2018 18:17

previous Q1 updates as follows:

Thursday 18/4/17
Wednesday 13/4/16
Tuesday 14/4/15
Thursday 17/4/14
Wednesday 10/4/13
Thursday 12/4/12

Assume this year it will be Tuesday 17th --> Thursday 19th so two weeks to wait now & we'll get first indication as to how the year is going .

During Q1 2017 we did:
11,708oz gold, 606t copper, 39,369 Silver & we sold our Gold at average of $1,220/oz

Total debt at end Q1 17 was $33.1m

According to the 12th Feb 18 newsitem, Net Debt is now $15m (max) to Pasha Bank & $2.1m to Bank of Azerbaijan = $17.1m max.

The $15m Principal to Pasha Bank is payable over "eight equal quarterly repayments ... commencing three months from drawdown" .. so $1.875m is due payable to Pasha bank each quarter, starting May this year through May 2020.


So YonY comparison, we have halved the debt o/standing, reduced the interest rate on that debt from 12% to 7% & it will be paid off completely by May 2020.
Gold sales Q1 2018 will be at circa $1,320/oz (YonY, $100 more per oz).

Pity the company does not have a table on the website re-stating all prior Quarters figures in Gold equivalence to aid comparators however, I believe we will be well ahead of Q1 2017 when we release the figures in two weeks time & that, surely, is what Growth is all about.
Production will be up, debt is markedly down .. as each month passes we continue to build a stronger and stronger operational & financial platform for the future.
The market will cotton-on to all of this eventually

[puntogt] 03/4/2018 17:19

Re AISC it would be good if they could give some idea of where it is likley to be on what time line.
Perhaps they want the flexibility to mine different gold sources depending on how the gold price moves.

[terropol] 03/4/2018 16:13

Market not making any shares available on line. Looks missed the below 40p bargain.
Hope you all had a good rest over Easter.
Is this the quarter of new price frontiers??
Within 10 trading days we should test the 50p border.
All to look forward too.
Dividends can not be far away. That will be a nice bonus and reward to the serious holders on here.

[gutterhead] 03/4/2018 14:31

Bleepy I echo your sentiment. Many thanks to Reza for putting up £4m personal loan to the company when it needed it. Avoiding a share dilution also.
There aren’t many CEO’s who show that personal sacrifice and commitment and he should be commended.
Roll on first quarter production and 2017 results.
Exciting times

[jbravo2] 03/4/2018 14:18

@malcolmmm
I suspect the reason matt moderated you is you were talking about another share. I presume that was by mistake and you meant to put AAZ, but you didn't.



@robo.
I don't think you're in the minority there. I agree and suspect most would.
Hopefully we'll start to hear a bit more about Soyudlu as time passes but also some more inaccessible new greenfield sites once the tracked drilling rig arrives

[bleepy] 03/4/2018 14:00

I’m sure Stephen Westhead on behalf of Aaz and all shareholders would agree.

Having read the recent 2018 3yr exploration programme many times and spending $6ml this year alone, I’m confident new prospects are top of the list.

Not forgetting the expansion potential being explored presently at Gadir, Gedabek open pit, Gedabek underground mine and Ugur. These prospects on the doorstep of processing plant and looking to expand jorc standard resource and reserves.