Anglo Asian Mining Share Discussion Threads

[cinoib] 11/10/2018 15:27

Thanks gents for your imfo, cnbc seem to have the same as well as yanks selling doggy loans, again seems to have put wind up everybody. AS ALL BUT ONE of my stocks is profit making will ride it out and save my pennies to buy in when we touch the bottom. o any of you level 1's having trouble with your streaming as mine keeps stopping.

[bleepy] 11/10/2018 15:27

YTD Q3 2018

· 28 per cent. y-o-y increase in total production to 61,761 GEOs (YTD Q3 2017: 48,275 GEOs)

· 45 per cent. y-o-y increase in gold production to 54,573 ounces (YTD Q3 2017: 37,686 ounces)

· Copper production totalled 1,057 tonnes (YTD Q3 2017: 1,872 tonnes)

· Silver production totalled 144,362 ounces (YTD Q3 2017: 125,375 ounces)

· Forecast production for FY 2018 now at upper end of previous guidance of between 78,000 to 84,000 GEOs



Just maintaining Q3 production will exceed FY2018 guidance by 2,173geo @ $1200 = $2.6ml.

2s has already mentioned likely revenue of $1ml-$2ml (copper condensate)not accounted for in report.

Would round the year off rather nicely tagged onto Gadir jorc and heli survey...

[wanobi] 11/10/2018 15:08

TXP gone blue, what a little star in the making..... Cheers Wan

[wanobi] 11/10/2018 14:58

AAZ - anyone, when AAZ says;

Anglo Asian is also actively seeking to exploit its first mover advantage in Azerbaijan to identify additional projects, as well as looking for other properties in order to fulfil its expansion ambitions and become a mid-tier gold and copper metal production company.

what Market Cap is classified as a mid-tier please?

Thanx
Wan

[wanobi] 11/10/2018 14:56

TXP - KS, nice, thanx my friend....

I love this shareholder stuff at the end of the RNS;

Paul Baay, President and Chief Executive Officer, commented:

"I am pleased to report that we have exceeded our near-term production target of 2,000 barrels per day. The team has established a solid production base with our focus now on the six additional wells that we expect to drill prior to year-end. With the majority of our drilling obligations satisfied, the advantage of having our large diversified asset base allows us to focus on the assets that provide the greatest shareholder returns. We continue to refine exploration prospects on our Ortoire property and are very excited about its future developmental potential."

Cheers
Wan

[wanobi] 11/10/2018 14:48

what a surprise, a market correction in October lol.....

good luck all,

Cheers
Wan

[sh0wmethemoney] 11/10/2018 14:20

Had my divy from my cfd today with lg look to have been payed £0.0227 per share if they are now paying 100% on. To reinvest today or wait and see if pulls back a bit more is the question.

[mattjos] 11/10/2018 13:42

Early days but gold looks to be breaking up out of 8 week basing consolidation

[wanobi] 11/10/2018 13:35

now offered 63.375p for 25K

Cheers
Wan

[lefrene] 11/10/2018 13:00

Mattjos, the company is proving to be a good asset for Azerbaijan, their efficiency and competence is unlikely to go unnoticed. Perhaps it may lead to other opportunities?

[wanobi] 11/10/2018 12:47

thanx mattjos

[mattjos] 11/10/2018 12:46

Soon the T20 buying window will open for the divi cash. I doubt it will go lower than 63p Offer

[wanobi] 11/10/2018 12:44

with an average or 55p I think I'll hold of on that 50K for now and see if AAZ drifts down into the 50's from here.. could even fall into the 40's at which time I'd be averaging down,,, hmm, interesting mental challenge ahead perhaps!!!

you guys surely don't have bottomless pockets unless you're all borrowing to buy more :-), so will it fall as you all begin to stop buying more and more?

any advice on what you'd do in my position would be most appreciated, thanx...

cheers
Wan

[mattjos] 11/10/2018 12:31

Not only are we providing employment & gold to the govt. but now also paying corp tax ... reinforces our in-country leadership position

[wanobi] 11/10/2018 12:30

jbe, thanx, HL just seems so poor at F or K & limit orders,,, have you any experience with them? cheers Wan

[wanobi] 11/10/2018 12:28

KS - yes, all seems good to me, cheers Wan

[wanobi] 11/10/2018 12:27

free stock charts from uk.advfn.com



mattjos, presumerably you like this kind of gap, right?

Volumes getting smaller by the day!!

Cheers
Wan

[2sporrans] 11/10/2018 11:56

"The Company made a payment of $3.0 million at the end of September in respect of corporation tax in Azerbaijan. The Company has now utilised all brought forward tax losses in Azerbaijan and going forward will be a corporation tax payer."

Corp. tax at 20% going forward it seems.

hxxps://tradingeconomics.com/azerbaijan/corporate-tax-rate

Comments anyone?

Time to ratchet up the depreciation a/c?
[assuming CT levied on profits not net cashflow]

[2sporrans] 11/10/2018 11:41

So, if the much vaunted rise in US Treas. yields is gonna actually end up capped short....say max. out 3.5% 10 yr some time 2019....and this scenario gets priced in....

That may well be sufficient to curb the rise in $.
Maybe not reverse it; rest of world ain't looking exactly perky.
Then again, can see more foreign buying of US Treas. as the yeild differential is huge over eg Bunds/JGBs; exchange rate risk well worth taking.

If the $ at least stabilises, so should the POG - at least.

We don't need $1400/oz POG here, lovely tho would be.
$1200 av. will be plenty good.

[2sporrans] 11/10/2018 11:31

"gold recoveries improved to 92%, the highest level on record."

Augers well for the already low AISC and margins.

$1200/oz gold and cashflow is looking v. good.

[terropol] 11/10/2018 11:06

From House brokers today:

Conclusion: The quarter delivered strong production growth with the Company targeting higher end of the 78-84koz GE guidance for 2018. Production numbers came in slightly ahead of our 22.2koz GE forecast on the back of stronger agitation leaching plant performance where gold recoveries improved to 92%, the highest level on record. We will update and release our earnings estimates shortly.

*SP Angel acts as Nomad and Broker to Anglo Asian Mining

[mattjos] 11/10/2018 10:57

More for me

[terropol] 11/10/2018 10:50

Yes YASX, glad you are back with the winning team.
This is yet another chance for people to accumulate at a discount to real value.
Gold should sail passed the $1200 again, "Money is chip to print...Gold is difficult to mine."
And this company is good at it.

Good solid results this morning.
I am sure some high grade ore will have been saved for cold winter month.

WELL DONE AGAIN ALL AT AAZ.

[2sporrans] 11/10/2018 10:49

Well wrt the wider market conditions, just about the only thing not down today/yesterday is gold.
It's wee perk up is in contrast to:
equities
base metals
oil/gas
propertee

all well down.

+ note well the US Gov bond yields have come down at least 2% over the curve.
So, a decided buying here which though could be attributed to dash to safety....when the buying is not just short duration bonds .....sends message:

Confirms me 100% that this is a growth slowdown sell off.

? is, is this simply markets putting in an overdue adjustment to news out for weeks if not months.....or are we on cusp of a crisis of confidence.

For now, I err towards the former.

[jbe81] 11/10/2018 10:34

Gold back above $1200