Anglo Asian Mining Share Discussion Threads

[mattjos] 31/5/2019 15:46

Charted like a dream this break from a falling wedge:

[wanobi] 31/5/2019 15:44

touched it now :-) GLA Cheers Wan


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[wanobi] 31/5/2019 15:41

almost :-)


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cheers Wan :-)

[jeanesy] 31/5/2019 15:31

1300 reached Wan !!!

[king suarez] 31/5/2019 15:25

LLB (and others),

Just to re-iterate the point I've made a few times before - the (forecast) drop in AISC (per gold oz) simply reflects the higher future contribution of copper/silver revenue (forecast to double) being deducted from costs of production attributed to (only) the gold oz produced in this metric. It does not actually imply our total costs of production for all metals produced are necessarily falling overall.

The AISC per GEO oz may in fact rise, whilst the metric 'AISC per gold oz produced' falls.

[jeanesy] 31/5/2019 15:25

1299... dont think 100p will be paid today though Wan :)

[wanobi] 31/5/2019 15:17

the day POG goes over 1300 will be the day AAZ shares are bought at 100p each :-) LOL,,, just a bit of fun,,,,,, lets see :-) cheers Wan

1296.11 at the mo!!! :-)

[cinoib] 31/5/2019 14:52

Lefren I think the yanks make up their own standards and expect everyone else to follow like sheep, sorry not this old dog I stick to what I was taught, it was right then so must be right now. All these billions are actually thousand million unless a thousand doesn't come after a hundred anymore. Core what's that smell smells like fur burning, I know it's bear fur, gold bears and aaz bears both burning at the same time no wonder it's an awfull stink.

[laurence llewelyn binliner] 31/5/2019 14:51

Spangles new note has some interesting data forecasts doesn't it..., a drop in our AISC to $506/Oz while POG is currently +30 an Ounce YTD...So around +$75/Oz over FY2018 results for free, that makes for some interesting results, and if Gold does break out over 1300, even better... :o)

[wanobi] 31/5/2019 14:48

markets think he will as well Mj :-) cheers Wan

[mattjos] 31/5/2019 14:43

am quite sure he will go ahead with tariffs on Mexico .. that is how he will fund the Wall … is how i would do it given Democrats wont play ball

[bumpa33] 31/5/2019 14:14

I doubt markets will go into free fall just yet, people will look for safe havens first, only if we get a full blown dump will everyone panic (and everything then sell off!).

[wanobi] 31/5/2019 14:01

and on that cheery note jeanesy let's sell everything and run for the hills :-) LOL,,, its coming, we can all sense it, question is when... I don't think Trump will go through with a 5% tariff on all Mexican imports; however, if he does I don't think that'll cause the big one on its own :-) but then what do I know :-) Cheers Wan :-)

[mattjos] 31/5/2019 13:53

Spot Gold is 1297 .. don't confuse Spot with COMEX futures.

[jeanesy] 31/5/2019 13:43

not on my screen 1296 atmo.

[qazwsxedc69] 31/5/2019 13:35

Nears? Its through - at 1303.8 as we speak.....

[jeanesy] 31/5/2019 13:23

As POG nears that magical 1300 mark again then those with short term horizons are selling again. Each to their own I guess !!

[mad foetus] 31/5/2019 13:22

Nice move today and ask has hardly moved but momentum has paused. If the ask slides back I will be sorely tempted to add.

[laurence llewelyn binliner] 31/5/2019 13:20

Thanks Matt, COMEX POG now at USD1302/Oz and rising.., it would be be nice to see 100p this afternoon... :o)

[mattjos] 31/5/2019 13:20

have to laugh … 10k buyers at 94, now selling for 96. £200 today for beer and skittles at the weekend when could be champagne and caviar later.

[2sporrans] 31/5/2019 13:01

Thanks for the SPA update Sportbilly.

Price action implies investors do heed the broker's figures, shortcomings notwithstanding.

So, basically, had SPA not confused operating and capitalised costs in their first update note:

CAPEX is down substantially - on what they should have stated initially.

The AISC has dropped again to ~$508/oz next 2 years; that's a good 6% below 2018.

Cash at end of 2018, with zero debt $39-mn [$2.3mn up on previous note]
Which is good news for the divi. , at very least increases its cover nicely, if it doesn't grow further over next 2 years..

As Matt says:
"However, this analysis is still just a forward projection based solely on known historical data.
Exploration data through H2 this year will keep that target price rising & particularly as the first JORC's for Ordubad region start coming in through 2020."

Also, it is perfectly possible that by H2 2020 AAZ may have another mine producing.
Say if either of the 2 prospects at Gosha get fast tracked, Ugur style; that's the new Asrikchay prospect + the existing Underground mine, which has continued to be drilled during Q1, maybe still ongoing and will be an extended development if goes forward.
+ the prospects on the Gedabek [main pit] flanks could be fast tracked easily, should the exploration results warrant go ahead there.

[laurence llewelyn binliner] 31/5/2019 12:56

Anyone got a link to Spangles new note...?

[jeanesy] 31/5/2019 12:50

Someone on the other thread has said that they think that Trumps actions against Mexico are that black swan event you have been worrying about Wan . Tin hats time. Good news for POG but if the markets go into freefall no stocks will be immune from the falls.

[mattjos] 31/5/2019 12:42

have sent the SPA note to Stockopedia again today, fwiw .. their data feed is so slow