Anglo Asian Mining Share Discussion Threads

[mattjos] 24/7/2018 14:22

Suggest have a read of the Rusnauka report on Ordubad & then review the IPO docs re. Ordubad.
We are going to have to go there soon, imo .. now we have the firepower

[mattjos] 24/7/2018 13:10

Recently came across this after much digging:



I have added this to the thread header, towards the bottom & suggest folk find the time to have a read.


also, this is an interesting interview & raises some good points, particularly re certification of shares and insisting the broker delivers up shares to you after your buy:

[lefrene] 24/7/2018 11:10

The worlds on holiday now most of the schools are out. Much of the market will be quiet for 4 weeks or so. An opportunity to pick up bargains like AAZ. Looks like £'s for 47p to me :¬)

[bazboa] 24/7/2018 11:05

No trades!

[doctoromeo] 24/7/2018 11:02

no
Diane should be though

[cyberbub] 24/7/2018 10:39

Is this suspended??

[dianecarberry] 23/7/2018 16:00

worth no more than 10p on my valuation model.

Strong sell

[peterpowell21] 23/7/2018 15:09

She's going to blow.
And i don't mean my troll diane.

[dianecarberry] 23/7/2018 14:15

worth no more than 10p on my valuation model.

[peterpowell21] 23/7/2018 13:47

If they tell you to sell, buy, If they tell you to buy sell.
That lot are in it to take your money not help you make any. fake news is there game.

[broken_arrow1] 23/7/2018 13:43

It is only a matter of time before this re-rates, since those stunning results the market has been comatose, hardly any volume, across the sector stocks have been taken down by market maker activity rather than actual selling pressure.

I would not be surprised to see a couple of 4p+/5p+ days if the gold price moves up strongly as it usually does from over-sold levels like now.

Buy as many as you can sub 50p as surely the 77p share price Angel target will be exceeded by some margin in due course.

[lefrene] 23/7/2018 13:35

Thank you for that bit of clarity King Suarez. I'm hoping that now with the whole system in operation costs will reduce a bit further as efficiencies arise from fine tuning the process.

[mattjos] 23/7/2018 13:27

45/46.5 at the mo

Has been quite a while now since anyone selling in the auctions here

[king suarez] 23/7/2018 13:13

Lefrene,

With regards your cash flow calculation - see posts 14066 and 14068 - the all in cost is not $600 per "GEO" ounce, the quoted all in cost is per gold ounce.

Around 60% of the "GEO" ounces produced are gold, the rest is copper and silver.

The all in cost of $600 is quoted as per ounce of gold, because revenue from the sale of copper and silver by product(s) is offset in that calculation. The all in cost per "GEO" ounce is closer to $900, though not quoted.

For simplicity of calculations you can use a cost of $600 oz of gold produced, which is around 60% of total production (based on last years accounts) - so 0.6 x 84k oz x ($1230-$600 @ current prices) = c£32m operating cash flow.

AAZ market cap currently around $68m so operating cash flow is c22p (32/68 x 47p), I think?

[mattjos] 23/7/2018 12:58

Agreed lefrene ... there is no speculative element in our valuation .. quite the reverse.
We are still very much priced in the "I cant believe its so cheap, what's the catch" bracket.

If there is another crash lurking out there then, interest rates will get cut again & I believe the last crash is still seared in most people's minds ... first sign of another one and I believe there will be stampede for Gold.

Combination of a strong gold price and the dividend should afford us plenty of downside protection. Can't think of any other equity I'd be as willing to 'take shelter' in as AAZ

[lefrene] 23/7/2018 12:49

jaspoland, the world is now a strange place, a potential market crash has been hanging in the air for years now, all the 'funny money' from printing bonds has created a financial world that seems dislocated from any previous idea of normality. AAZ would no doubt be hit along with everything else, but as the dust settled the markets would be looking for 'real' value and AAZ has that in spades. It's no longer about future promises, the promise is being delivered right now, and metals do have an intrinsic value either as currency or for industrial purposes. So I'm guessing AAZ would weather a slump better than a lot of light weight service businesses out there.

[celeritas] 23/7/2018 12:49

Jaspo, most people have the same concerns so its probably wrong.

[jaspoland] 23/7/2018 11:56

Lefrene, the market will take note at some point. In the meantime buy as many as you can afford.

Only concerns I have are a stockmarket crash and the current softness in the gold price.

[lefrene] 23/7/2018 11:50

This price does seem wonderfully bonkers. At 82,000 eqv ounces and $1225 an ounce and $1.30 to the £ and say 114,000,000 in issue and an all in cost of $600 an oz, I arrive at the barking mad 28p a share free cash flow. Where have I gone wrong? I know money ($8 million) is allocated to exploration and there will be a divi, and there's still about $12 million debt now neutral with $12 million+ held in cash balances. But even so, an ask of 47p for the shares is surely shum mishtake?

[celeritas] 23/7/2018 11:41

MF, you must be talking about the new high in 1954 with many saying it cant go on, too many problems, it will crash at some point. Only for the mkt to rally for another 18yrs. Most people, nearly 70% think the mkt has already peaked or will peak this year.

[celeritas] 23/7/2018 11:28

Many stocks particularly banks and telecom have had a terrible run, some are at 5 year lows, no bull run there.
I also dont hear the shoe shine boy offering tips yet.

Id say most are and have been wary since 08, no-one I know even mentions the mkt, oh the stock mkt, keep well away from that is the mantra.

I do know quiet a few people who are happy with gambling sites, watching digital reels spin or online bingo is perceived to be less risky, lol.

[mad foetus] 23/7/2018 11:25

Watch Ciovacco on YouTube. More money has been lost in anticipation of corrections than in the corrections themselves. Wait until the signals are clear: you could make a strong case that we are 2 years into a new bull market

[yasx] 23/7/2018 10:27

Celeritas,

Plenty of indicators dear chap - you just need to know what to look for. More later - probably today if I can find the energy.

[celeritas] 23/7/2018 10:23

I've been expecting a correction for a few years now, it will happen but guessing when is impossible. This year, next year, five years, who knows.
What do I have to go on, little more than we've had a long run, not so much the ftse but the Dow which dominates. Yeah other things make you think but look at how subprime really came out of nothing to snowball. I guess the next downturn will be from the unexpected.
Car loans could be a trigger, everyone seems to have a new flash car these days wanting to put out a feeling of status, look at how well I'm doing.
Trade wars, an oil run with something related to Iran or just simply a exhausted run.

[yasx] 23/7/2018 09:56

losttheot,

I expect a significant correction - and soon. Likely this year. Am slowly scaling back positions across the spectrum...