Anglo Asian Mining Share Discussion Threads

[henwii] 16/4/2018 19:32

Who knows why people sold but all those 40000 share sales didn't move the price down a jot, which in my limited experience means the MM were more than happy to take them and will hopefully start to move the price upwards as we go forward and they look to make a profit.

[jeanesy] 16/4/2018 19:12

Well i looked in at 7am , no RNS , and have returned to the long awaited news. Solid production figures ( not as good as some expected here) and even better financials. I am beginning to wonder what it is going to take to move the shareprice forward.. a very disappointing response. Not sure why some would want to sell at this point.. still thats their decision.. perhaps they are bored of waiting. Onwards and upwards here, its just a slow process at the moment.. but I can wait !!

[celeritas] 16/4/2018 18:16

Aaz actually fell today based on enterprise value following current cash and debt level.

[jbravo2] 16/4/2018 18:02

Spot on wimbled. Its difficult to pick exactly when its going to happen but a big rerate is coming this year.

Current position
Debt $19m Cash $10.4m Share price 41p

End of year
Debt $13m Cash $40m Share price...


As I said way back at the start of the year, this is THE year I've been waiting (very patiently) for.


:)

[mattjos] 16/4/2018 17:57

just double checking please: Does anyone have/had an investment here that was acquired through Beaufort Securities?
The administrators are having to sell down various stocks in order to raise funds as part of the liquidation process.

[wimbled] 16/4/2018 17:40

Excellent 1st qtr production figures. Debt reduction.

Sit and hold. Should see further share price increase in the coming weeks.

[robo21] 16/4/2018 15:33

Typical aaz,weak on announcement then strong next few days
Keep the faith

[jbe81] 16/4/2018 15:27

To me it looks like one seller mainly.

[jbravo2] 16/4/2018 15:20

Yes agree and looks like a net selling day to me.
That the MM's have still moved this modestly up shows how they're valuing the stock even if the sellers want out.

[jbe81] 16/4/2018 15:17

Look like sells to me. Gold heading back over $1350

[terropol] 16/4/2018 15:07

Quite a few 40000 trades at 40p taken without change in the share price
Are they all sales or are they to do with ISA`S...
My full allowance ISA order placed last week...not executed yet, brokers told me many orders to process.

[lefrene] 16/4/2018 14:27

jaspoland, "good luck with that", indeed I wouldn't try to trade in and out, the spread tends to be too wide most of the time except on rare high volume days such as today.

At a market cap of £47 million their gross profit might exceed their market cap in the current year!

[mad foetus] 16/4/2018 14:15

GFM issued great results last week, share price rose sharply first thing, drifted down during the day, fell back the next couple of days and has since bounced strongly. In many ways it is a similar company to AAZ: profitable, under the radar, no/minimal spread, lightly traded. As AAZ is difficult to trade and/or buy in quantity, those wishing to take a meaningful stake have to play a long game, but the share price trajectory must be up from here.

[jaspoland] 16/4/2018 14:12

Lefrene, it's possible some sold in the hope of buying back at a lower price. Good luck with that. It's plain to see the value building here and as frustrating as it is the market will get it eventually. Lots here have sizeable holdings and are happy to wait for that value to be realised. I expect a divi to come with interims in half year 2018. We were never going to hear a dividend declaration today.

[lefrene] 16/4/2018 14:03

Perhaps sellers are disappointed with the lack of a divi? While one cannot fault the management here on their execution of the physical business which has been exceptional by any standard of measurement, and yet they seem uncharacteristically inept when it comes to promoting their success. This seems at odds with their evident intelligence, almost to make me wonder if it is deliberate? But then what is there to gain by such a tactic?

[jbe81] 16/4/2018 13:52

Poor response to the share price looks like nothing more than somebody using the volume created today to take the opportunity to sell some. As soon as they are done would expect a sharp rise in the next few days. Gold remains close to breaking out. News today confirms how undervalued we are.

[doc_oj] 16/4/2018 12:12

impressive! share price response is rather disappointing but i have no doubt it will catch up in the coming days/weeks. did a small top up friday late PM, well timed!

[bleepy] 16/4/2018 12:00

2s

Thanks for pointing that out, I mistakingly compared Q1/18 to FY17. Apologies if misled.

[friendzarin] 16/4/2018 11:30

Ghastly plum...that's a good one ;)

[terropol] 16/4/2018 11:15

YASX, Good morning.
Get to the AGM this year, likely to be end of June.
We will all share a coffee and will be nice to meet another fellow experienced trader.
Do not take anything personal, I guess we are all wishing a fast growth to our share price.

[2sporrans] 16/4/2018 11:10

Bleepy

Why do you think Gadir output was only 25% of expected?
What was expected?

40,438t gold extracted Q4 [3.61g/t av. grade]
v
19,950t Q1 [5.86g/t]
Near 50% of Q4....

Agreed, lots of possible reasons for drop: Weather/transit conditions, exploration clashes, hiatus over plant switch + maybe on hold during Flot->AL->SART configuration pending post crusher [Q2] switch to 2 independent production trains, when expect the Gadir goes 100% via the AL->SART train as was previously.
Blending considerations, noting the lower Ugur grades.

Whatever, that 5.86g/t grade augurs well.
We know there's plenty more in Gadir.

[terropol] 16/4/2018 11:07

Brokers notes on today`s daily report.
Anglo Asian Mining* (AAZ LN) 42p, Mkt Cap £48m – Robust Q1 production numbers – on target for 78-84koz GE in 2018

Production climbed 26%yoy to 18.3koz GE in Q1 (Q1/17: 14.6koz; Q4/17: 23.2koz) on the back of stronger performance from both agitation (AL) and heap leaching (HL) operations.
AL production climbed 93%yot to 10.6koz (Q1/17: 5.5koz; Q4/17: 17.0koz) on the back of higher processed grades (2.07g/t v 1.46g/t in Q1/17) and better gold recoveries ((86% v 64% in Q1/17).
HL production climbed 34%yoy to 5.1koz (Q1/17: 3.8koz; Q4/17: 5.0koz).
Concentrate production totalled 1.0kt containing 255t Cu, 0.7koz Au and 33.5koz Ag (Q1/17: 2.7kt containing 606t Cu, 1.8koz Au and 36.9koz Ag) with flotation plant restarted in March processing mined copper rich material mined at Gedabek as well as available stockpiles.
Mining operations restarted at the main Gedabek open pit during the quarter with the ore currently being processed through the flotation circuit first followed by the agitation leaching of flotation tailings.
The configuration will be changed once the second crusher is commissioned allowing for a parallel operation of leaching and flotation circuits which expected in Q2/18.
Gold bullion sales (ex government share under the PSA) totalled 15.0koz at an average gold price of $1,328/oz (Q1/17: 8.3koz at $1,220/oz).
Concentrate sales (ex PSA) totalled 608t of product netting $1.7m (Q1/17: 2,230t for $4.2m).
Cash in the bank stood at $8.6m as of Q1/18 (Q4/17: $2.3m) total outstanding debt of $19.0m (Q4/17: $20.6m) suggesting $10.4m in net debt, down $7.9m on the previous quarter.
Conclusion: Robust start to the year with AL plant performing well yielding good gold recoveries from processed Ugur and Gadir copper free ores. Main Gedabek open pit as well as the flotation plant restarted with processing rates due to ramp up towards the end of this quarter as the second crusher is commissioned allowing to run tank leaching and flotation circuits in parallel. This is forecast to weigh GE production towards H2/18. The Company remains comfortably on target for previously guided 78-84koz GE this year.

*SP Angel acts as nomad and broker to Anglo Asian Mining

[yasx] 16/4/2018 11:00

Solid production update. Poor response in terms of price appreciation, but, I am prepared to be patient.

I will set up my own thread since I despise the idea of only allowing glowing commentary about those running this Co. and their advisers. There is no doubt the Co is and has taken tremendous strides on an operational front, but, I find it difficult to say the same regarding their efforts to promote such achievements. That was the singular point I made, only to be jumped on in an aggressive manner by a two bit hypocritical ghastly plum like FZ. Remarkably, although he sought to point out to me that by questioning the PR I was not 'liking the product' and should therefore sell and move (quite why he thinks I would take his advice beats me), but, he has himself been blathering about ineffective PR for months, and again in his comment above re share price Angel. Take your own advice FZ, if you don't like the product, head for the exit. The comment below from weeks ago is another example of this plum's double standards. I respect Mattjos (and having engaged him on here and privately for several years think him a very reasonable chap) and for that reason will make this my last comment on here - but, i will set up my own thread if I wish to submit contributions (which I do only rarely these days). But, I will not allow myself to be subjected to the dictatorial oppression of some of the cheerleaders on here in the event one questions any aspect of the manner in which the Co. runs its affairs.

A harmonious thread is a good thing - but, not when only positive contributions are allowed.A numpty like FZ thinks he is the only one that has the right to raise issues and that everyone else ought merely to like every aspect of the 'product'. I have forgotten more about the markets than he will ever know.

I wish AAZ holders (save FZ) well since my interests are aligned in the same direction.

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Friendzarin13 Mar '18 - 09:18 - 11974 of 12508
Matt

Re the P R . Haven't we been here before in October when there was a view amongst many that the announcement then could have achieved more by an emphasis on positive achievements and the goals of the company that are being strived for ie ' mid tier ' and what that may mean in output dimensions.

I wrote to St Brides and the comments were passed to the company...no reply. I wrote to John Meyer at S P Angel and got the polite brush off. It is my intention to write to the company now and try and articulate as positively as I can why they
can improve in this area. Make no mistake if there are no signs of an improvement of approach on this I will be raising it at the AGM.

[friendzarin] 16/4/2018 10:44

Great effort once again by the AAZ operations team.I'm really impressed with how smoothly they continue to manage the transition process and with the new crusher
confirmed once again for this quarter what a prospect we have in place for ramping up production levels.

It will be interesting to see how this news is handled now over the next few weeks and S P Angels role in particular. John Meyer has a habit of appearing on Vox Markets and I wonder if he will do a piece there.I agree with you mad foetus that S P Angel could and should be doing more.

The next opportunity that is logged for AAZ to present itself in public is the Mining Capital Conference on May 3rd.In some ways it's a shame that AAZ usually produce their previous year figures much later in May as if they were already out of the way then concentration would more likely to be solely on Q1 and the the way ahead this year.We don't necessarily now want to concentrate on looking backwards when we are full steam ahead. The content of the May 3rd presentation will be very interesting and give the opportunity for a more forward looking outlook and I have mentioned this emphasis currently to St Brides on more than one occasion now.

We really do have the figures and metrics now to make the market sit up and reconsider our valuation.