Anglo Asian Mining Share Discussion Threads

[cflather2000] 02/7/2018 09:54

The AISC is so low that I'm happy for the gold price to fluctuate. It would need to drop significantly before I was concerned. But yes, if it goes higher then happy days!

[catsick] 02/7/2018 02:55

Hi mike, I was there when Stephen was discussing the Heli survey they are doing the whole Gedabek contract area, which he was saying they may as well do everything while they have the kit out there rather than the specific areas they are interested in as doing everything costs only a small amount more. What he meant about the silver/copper I believe is that with gold at only 1g-3g per ton you wont get an idea from a Heli survey but by targeting copper which would be more like 10,000 g per ton you are going to get some sort of signal, and then where you find the copper the gold will also most likely be present. He was not implying they had given up on gold just that looking for copper from the airborne survey would be the easiest way to find it.

[friendzarin] 01/7/2018 23:43

Nice post Mike. Good to see you there. Couldn’t agree with you more about Steven. Very lucky to have him.
An impressive geologist I think but just as importantly very impressive managerial outlook. He is building a team alongside him who will be capable of analysing all the results of the 40 km drilling which will be so important to how AAZ prioritises it’s future activities.
Sorry btw I don’t think I was around when SW covered that but I’m sure one or two could oblige.

[mikeelkin] 01/7/2018 22:54

Double Post

[mikeelkin] 01/7/2018 22:54

Dear All

Apologies for the belated post. I have mostly been a lurker in the past but was at the AGM and like others spent some time chatting with Stephen Westhead. I would add that he was excited about the helicopter based seismic that will be happening in the near future and I got the impression that they were hoping it would give them some very useful additional info about Gedabek that they would have not got otherwise. What I had not appreciated (and correct me anybody if I have misunderstood this) but the additional data will relate mostly to copper & silver rather than gold - anything they learn about the latter will be indirect.

Stephen is a very impressive Geologist. I have spoken to him on a number of occasions and he is very unassuming and quietly spoken but he seems to have an incredible depth of knowledge and expertise, and gives great confidence in his ability to deliver.

I got the impression that he is in the process of building a very capable and expert team that will be instrumental in delivering the goods at AAZ.

Mike Elkin

[jaspoland] 01/7/2018 12:36

AGM noises all sounded very positive. Also see AAZ official Twitter account has been active over the last few days. Report and accounts 2017 now on website for those wishing to read it.
Let's hope 1250 is the bottom for gold and it bounces from here. 1300 gold and above and any concerns with AAZ disappear. Company in great shape but we need gold to be strong for us to get the share price above £1.

[jbravo2] 01/7/2018 10:27

It is only by attending these meetings (the more you attend the better your insights) you get to have the valuable chats after the meeting.
Worth travelling through a bit of hot weather, worth getting a train, worth catching a plane if you have to.

This is quite simply, the best investment on AIM.
The next three years will be unbelievably good. Far better than anyone can imagine.
I know I sound like a ramper, I know I sound evangelical.
I don't post this on other shares. I'm not a serial ramper. If you're not in here you're missing out. I've been saying it years and it's happening NOW (it started a while ago) and will continue at a real pace for the next few years now.
Expansion is coming. Dividends are coming. No share dilution.

[friendzarin] 30/6/2018 11:34

Thought all the Board and Execs were on good form yesterday.When I chatted with John Monhemius about the paper he published and presented last year on Flotation and Leaching at AAZ's plant he said he was presenting a further paper in Ottawa later this year which he had authored once again with Farhang Hedjazi regarding the company's water treatment plant and the reverse osmosis technology that is applied. He inferred that there were certain learning points that would be of interest to the international community in this field. He was particularly pleased that a company of AAZ's size was able once again to bring forward another subject matter in such a leading edge way which reflected well on AAZ's expertise.

[callmebwana] 30/6/2018 11:01

Peter, I wish you luck with your investment here. I think you will do very well.

[peterpowell21] 30/6/2018 10:45

I also bought more here.
So cheap i feel i should put a mask on buying at these prices.

[jeanesy] 30/6/2018 09:37

Thank you for all the posts to those of you who went to the AGM. All sounds very positive. Although there does appear to be a seller .. not sure why they are selling in 10K lots .. and the POG has been weak .. I decided on a small top up despite this years ISA being full. Hopefully the seller doesn't have many left and we can move up from here!

[mattjos] 29/6/2018 21:51

Agree jbravo .. that would get my vote as a sensible start to a long term sustainable dividend programme and one which leaves plenty of free cash flow to finance Ordubad next year and any further incremental capacity expansion at Gedabek.Also believe that a fair % of the divi payout would be used by many of the long term holders (with significantly lower average purchase price) to acquire more stock in the company.Exciting times ahead & very glad to hear that several made it along for their first AAZ AGM & have concluded, particularly re the management of the company, as I & others have.This seller will be gone soon enough

[jbravo2] 29/6/2018 21:26

I did say next year 4p.

FWIW I think it’ll be a divi of 1p declared with the half year results. Prob the same again at full year

(Hey Fz just got back in. The beer and cheese was fab. More than doubled this afternoons tally!)

[return_of_the_apeman] 29/6/2018 21:18

Thanks for all the write ups from today, very much appreciated

Fwiw a 4p divi would be covered more than 4 times by fcf according to share price angels last note

[gutterhead] 29/6/2018 18:57

Friendzarin, good to meet you also.
ref the Div, I don't think we should get carried away-it was stressed that they did not want a situation where they may have to reduce the div in future due to going too strong early on.
I/we/the board would love 4p but imo, think it will be 2p tops.
TBH I wouldn't know a good mine from bad but the bOD are keen for anyone who would like to visit.
I thought this was one of my best investments ever, today confirmed it

[catsick] 29/6/2018 18:38

Another interesting anecdote, John Sununu, who was attending ( and was George Bush's chief of staff ) mentioned that his two sons who are both apparently very cynical made the trip out to Gedabek to see the mine ( I guess to make sure dads large holding was a good investment) and came home gushing with praise for the mine and very impressed with everything except the local food !

[jaspoland] 29/6/2018 18:10

Jbravo2. Your sounding like a ramper and I love it :) I expected 2p as a start. Talk of 4p next year and I'll be extremely happy.

Need to move this year's ISA allowance asap.

[jbravo2] 29/6/2018 18:02

4p next year is conservative

[catsick] 29/6/2018 17:51

I believe that the academic link that Stephen referred to was some group attached to one of the big london museums who have some sort of geological group set up, the idea was to try and use these resources to do some work connecting the dots together to get a better picture of how all the separate deposits they are mining are linked, at both gedabek and ordubad they could really be mining one larger system which would obviously be great news for the mine life .

[cyberbub] 29/6/2018 17:48

Imagine if the divi was 4p... some people who bought at the bottom will be making a 100% divi every year...

[friendzarin] 29/6/2018 17:37

Had a good conversations today with Susie from St Brides and had a brief discussion with John Meyer and Sergei from S P Angel. Sergie is visiting the Gedabek site for two days next week and it is to be hoped we might see some further and a more tangible broker note from SPA in due course.

[friendzarin] 29/6/2018 17:22

gh... good to meet you today.
Sthephen made several points about developing his team. Others may recall more than I.
Firstly he was developing his current team by sending them to international forums etc for development and to help broaden their perspective.
Secondly he said it was his intention to seek to employ a qualified UK geologist who would report into the team led by an Azer national which would be a vote of confidence and recognition of the expertise he has in the local team.

[gutterhead] 29/6/2018 17:04

I got part of a conversation where Stephen Westhead mentioned bringing in some more academia/intellect to help with exploration-can anyone elaborate pls?

[2sporrans] 29/6/2018 17:01

Thanks all who for feedback on AGM; especially Catsick and Gutterhead for such significant news.

Very good news indeed: Resource/Mine-life extension + JORC; crusher live and dividend policy looking to be game changer:
"they want the div level to be big AND sustainable."
If this can be achieved, how can AAZ be deemed other than a highly successful company that rewards its longer term investors?
Yet is priced for a measly £50-mn cap; =16 months EBITDA.

With the crusher operational, suggests the Flotation Plant is processing its feed and should have a full Q3 production; good in itself and investors can more easily get a handle on performance from the Q3 results.

Ahh...you too JBravo - just about to read your post.

[jbravo2] 29/6/2018 17:01

So much to love from the AGM.
Crusher active.
Currently processing in parallel.
Gedabek resource hoped for around end of Q3
Results from Gadir drilling in Q4.
Debt neutral now.
On target for production.
Drilling going on galore. I think it was 5 rigs above ground and 4 under ground.
Pockets of bonanza grade have been found as mentioned by others.
Wider prospects are truly exciting.
Close to signing contract on heli geo phys thing.
Dividend so close we can touch and will be juicy.

Best AGM I've been to and I've been going for a few years