Anglo Asian Mining Share Discussion Threads

[lefrene] 24/5/2018 10:06

2sporrans, the write down of capital equipment is probably at the rate of 20% per annum, it's just a tax device against current profit and permits capital accumulation towards eventual replacement costs. So the 11 million write down isn't a real loss, it's only in the minds of accountants.

The company is an absolute model of how things should be done, perhaps that divi on the horizon will get them the recognition they deserve.

[mattjos] 24/5/2018 09:52

ok, thnx Friendz. Had forgotten. Good that the ambition is there though

[misterdeb] 24/5/2018 09:52

Get the feeling this is submitted by the same person same date (22 May 2018) 1 hour apart yet refers to two different technical indicators:

hxxps://www.derbynewsjournal.com/2018/05/22/piotroski-f-score-showing-strength-for-anglo-asian-mining-plc-aaz-l/

hxxps://danversrecord.com/2018/05/23/does-anglo-asian-mining-plc-aimaaz-have-solid-quant-signals-fcf-yield-at-0-007313/

[friendzarin] 24/5/2018 09:50

Gad/Matt

It closed the Chairman's statement in 2016 and 2017 RNS results

[mattjos] 24/5/2018 09:43

good spot gadolinium .. that is new phraseology. Interesting

[gadolinium] 24/5/2018 09:36

Does anyone see any significance in the statement:

'we continue to build the Company into a leading and sustainable gold, copper and silver producer in Azerbaijan and CAUCASIA'(my capitals) ?


Expansion outside of Azerbaijan planned possibly?

[catsick] 24/5/2018 09:28

Looks to me like the last quarter was hugely profitable and cash generating, and this year has started off at the same pace, 2018 is going to be a monster !

[2sporrans] 24/5/2018 09:25

Nice to have a retro on the main expenditures for 2017.
Was there an overspend or significant over-run? [to the contrary]:

" Expenditure on property, plant and equipment and mine development was $9.4m (2016: $10.7m). The main items of expenditure in 2017 were capitalisation of deferred stripping and development costs of the main open pit of $3.7m, the raise of the tailings dam wall and second tailings pipeline of $1.7m, Ugur and Gadir development of $1.4m and the water treatment plant of $1.2m.

Exploration and evaluation expenditure in 2017 of $1.0m (2016: $0.4m) was incurred and capitalised. This arose on exploration at the Gedabek and Ordubad mining properties. "

Note also depreciation:

"Non-current assets decreased from $116.4m at the end of 2016 to $104.4m at the end of 2017. The main reasons for the decrease were intangible assets lower by $0.7m and property, plant and equipment lower by $11.1m. These decreases were due to depreciation and amortisation in the year. "

All looks nice and conservative.
Given combination of rising production and [we hope/expect] ramp up of reserves/mine-life the imputed valuation of the property, plant and equipment can only rise.

[bleepy] 24/5/2018 09:15

Appreciation

I would like to take this opportunity to thank our Anglo Asian employees, our partners, the Government of Azerbaijan, advisers and fellow directors for their continued support as we continue to build the Company into a leading and sustainable gold, copper and silver producer in Azerbaijan and Caucasia.

I would also like to especially thank our shareholders for their invaluable support as we look forward to a successful 2018.

[davidspringbank] 24/5/2018 09:12

Fantastic results, Reza has played a blinder! Needless to say, I won't be selling any of my 300,000 shares for a long, long time. WooHoo!

[bleepy] 24/5/2018 09:12

We undertook significant geological exploration in 2017 as described in the Strategic Report below and in March 2018 we announced a significant three-year geological exploration programme. This will build upon previous geological work and includes near mine, brownfield and greenfield exploration.

Gedabek has numerous known mineral occurrences and our existing mines have further development potential.

We have also previously made significant finds of commercially exploitable minerals.

We therefore believe this programme has the potential to significantly add value to your Company.

[mattjos] 24/5/2018 09:09

agreed Mr. Roper .. 50p is derisory valuation still

[mattjos] 24/5/2018 09:08

such a quick turnaround on the price, on the day of the results as opposed to a day or so later, is a significant change in tack by the markets for AAZ .. perhaps the penny has now finally dropped!

apart from the market response .. big WELL DONE to all 1,000+ of the team at Anglo Asian mining. Terrific effort during 2017 & we all look forward to similar performance during 2018 & beyond

[bleepy] 24/5/2018 09:08

The Gedabek site is now connected to the national electricity power grid, and together with good road access, this provides Gedabek with excellent infrastructure.

The financial benefits of our investments in infrastructure were evident in 2017 with fuel and electricity costs $2 million lower in total than 2016 due to the connection to the power grid.

[mr roper] 24/5/2018 09:08

well, blue...Who'd have thunk it! I suspect the next 3 months should see us move towards the 80p mark.

[bleepy] 24/5/2018 09:06

The Company continues to invest in infrastructure and plant to reduce costs and improve both the productivity and sustainability of its operations.

[bleepy] 24/5/2018 09:04

To increase the overall utilisation of the Company's processing facilities, a dedicated independent crusher line for the flotation plant is being commissioned in the current quarter of 2018.

This will enable the two main plants to operate independently of each other and will increase both the flexibility and capacity of our processing facilities.

[terropol] 24/5/2018 08:59

And looks I am missing all the action...
Looking forward to the maiden dividend.
Very well delivered results. And keeping tax bill under control.
Some drilling news next on the agenda.
Have a good end of the week all.

[bleepy] 24/5/2018 08:58

Outlook
It is with continued optimism that I look forward to 2018 and beyond.

During the course of 2017 and early 2018 we have opened a new mine and added to the Company's resources.

We have also carried out several initiatives to maintain and increase production from our existing mines

and have embarked on a three-year exploration programme to further explore and develop the potential of Gedabek.

This progress has enabled us to target significantly higher production for 2018 compared to the previous two years and we are on track to achieve this target.

It is also building on our strong platform for sustained growth in production and development.

[bleepy] 24/5/2018 08:55

Company is currently preparing a plan for the payment of dividends.

The board will announce a dividend policy as soon as practical and, in any event, an announcement is expected to be made no later than the end of quarter three 2018.

[bleepy] 24/5/2018 08:42

Hahaha should be triple the present sp, aaz’s track record is truly admirable with the ship and captain the very best in the business.
All aboard people as the share price will not remain at this lowly level.

[mattjos] 24/5/2018 08:33

Sorry, typo .. "for NOT buying today"

[2sporrans] 24/5/2018 08:32

"many will be kicking themselves for buying today" - Ouch, ouch.

The report mentioned the crusher being commissioned this quarter; again nice to have confirmation of what we've supposed.

[jbe81] 24/5/2018 08:32

Not the usual sell on news, a couple of sells granted but no big drop, looks like it will finish blue.

[mad foetus] 24/5/2018 08:28

Game of chess at the moment as hot money exits and long money wonders whether a better price will come.