Anglo Asian Mining Share Discussion Threads

[jbravo2] 11/6/2019 10:13

Yeah. A bit of all of that and more.

Grinding and milling Gadir rock is far harder on the circuit than Ugur rock. Takes longer to get it to the right size, uses more energy and wears out parts quicker. That means more down time for maintenance on those parts needed.
However it's not all bad, they found the pipes got blocked more often running just Ugur rock. Its like the Gadir rock helps scour the pipes and helps reduce blockages.

So it's not just the case that deciding what grade to stick through at any particular point, it's also about the mixes that work.
Of course there is natural variation within the rock within each of those mines as well. All a constant balancing act.

[terropol] 11/6/2019 10:09

The financial game in Italy is been at a stand still for years now. The Euro killed the economy, When introduced, goods became a lot more expensive with wages remaining the same (at the time).
A new pack of cards in needed to try and motivate the economy, MiniBOT sounds a good way to play a local game without European referees having to much whistle to blow...
Among all the games unraveling in the financial world GOLD will shine.

News and AGM next week. Looking forward to hear plans for expansion after exploration.

[2sporrans] 11/6/2019 09:58

Question for JBravo

What's the main benefit of blending hard rock ore [Gadir] with
soft [Ugur]?
Is it reduced wear in the grinding process; the soft 'padding out' the hard?
and/or the grinding is thus more efficient wrt particle size reduction?
Or sommat else?

[lefrene] 11/6/2019 09:31

I found that item about the possibility of Italian mini-bots interesting, since if adopted and then perhaps copied by the rest of 'club-med' then the Euro becomes undermined. It has to be good for the price of gold if more 'funny money' is going to be printed. All currencies depend on portability, confidence and acceptance, ultimately gold covers all those bases.

[2sporrans] 11/6/2019 09:27

Pogue

thanks for the post.
doubt you'll ever divine why the red card flagged.

Off topic sure, but nobody forced to read it - or my reply.

I'd scan-read the Ft Article [thanks Brasso] but picking out the miniBOT part of your article, found it clarified matters:
The proposed miniBOTs to be used to:
"......to be used to pay the €50bn of arrears that are currently outstanding to state contractors and also households."
Presumably issued at parity to the Euro and can be used to:
"which could be used by recipients to pay taxes and buy any services or goods provided by the state, for example, petrol at stations run by state-controlled oil company ENI."
Fair game i guess, assuming the Joes actually pay their taxes or run a haulage/taxi business.
But, I guess they'd be pretty peed off to be paid in these BOTs rather than Euros; once they become traded, will surely depreciate v Euro quite rapidly. This will be the follow on, far more than much in way of inflation imho.

Whatever, a shot across bows into the German lap.
The Germans have long been in a position where they could stimulate some real growth by fiscal spending. [As opposed to pushing with now limp monetary string via the ECB]
They have decent trade surplus and reduced their Gov. debt:GDP ratio down to only a little above multi-decade lows the past decade.
61% for 2018 and set to fall further....as things going.



So, the mammoth burden of German re-unification has been pretty much paid down; but will the desire to subsidise/stimulate the Italian economy....or whoever's prove as compelling? [Rhetorical question.]

[jbravo2] 11/6/2019 09:18

Hey don't worry pogue.
Focus on the important stuff.
AGM in 9 days and I'll bet we have some decent news for it.
Promises to be the most positive AGM ever :)

[pogue] 11/6/2019 08:59

lol thanks JBravo I am bit sensitive this morning :0). Some odd people on Advfn, I am on here to learn from others who can give viewpoints it annoys me when people think its a popularity contest.
Hey ho.

[jbravo2] 11/6/2019 08:42

They run them around max.
I think name plate max for the AL plant is 120t/hr but we avg around 90-100. You have to account for maintenance etc.
Flotation is less, from memory. I think it's around 100t/hr, again it averages under that for any decent length of time due to downtime.

The density/hardness of the Gadir rock is staggering. It is soooo heavy. It really shocked us when we handled it for the first time.
Another reason why blending of the ores is so important.

[mad foetus] 11/6/2019 08:39

Thanks j, I thought that was the case but wanted to check. One more question. Assuming no significant change to ore, do you know what the maximum output (gold and copper) of the current plants is?

[jbravo2] 11/6/2019 08:37

@mf
The operate entirely independently in the current parallel set up. One can be stopped for maintenance without impacting the other or they can be both flat out.

@pogue
Good luck with that. It's like, why has the thread itself got 7 downvotes? I commented when the thread moved from 6 to 7 as it was when we were getting some large gains over a short period. Personally I reckon it's usually driven by jealousy. I view 'em as a badge of honour.
:D

[laurence llewelyn binliner] 11/6/2019 08:36

#loafofbread.. each to their own and good luck to you, but did you not want your dividends..? and with Q2 results round the corner you could have taken some uplift from there too..?

[wanobi] 11/6/2019 08:30

EVRH - I sold out this am for a small loss, put it on the watch list, seems as though there is an appetite to short it out there right now... oh well, can't win them all :-) GLA cheers Wan

[pogue] 11/6/2019 08:21

OK so why the down vote on my last post what is the issue? People were asking for links that work regards the Italian situation which could be explosive if it actually plays out so I provide information. Normally I dont care about negative votes on the basis people can have opposite views to me and are too illiterate to reply but voting down useful information is stupid.
Please explain yourself.

[loafofbread] 11/6/2019 08:21

I closed 30k at 8.10. They took all at 100.2 so a very strong market.

[mad foetus] 11/6/2019 07:44

Copper price seems to be turning the corner.Do any of you know how much control the company has over it's gold/copper balance? Can they focus on one rather than the other, or are they effectively two parallel production systems and you run both at full speed with the outcome dependent upon the grades that are being processed?

[wanobi] 11/6/2019 07:32

Good morning all and good luck today :-) Cheers Wan

[wanobi] 11/6/2019 07:31

TXP courtesy of hombrewruss (many thanx Russ);

COHO-1 final touches


Cheers
Wan :-)

[catsick] 11/6/2019 02:20

I found the agm very interesting last year and very well worth attending, had a good chat with Stephen Westhead after and some of the other directors, you can get a very good feel for what is going on, I bought a bunch more in the following days at around 43 from my records and it was just before the big move higher so easily paid for the flights from Tokyo, this year we have visitors so can't make the trip.

[brasso3] 10/6/2019 21:51

The link works when you search for it through google.

Type this into the browser: 'italy to create own currency'

[henwii] 10/6/2019 21:44

I shall be going to the AGM and look forward to meeting some of you.

[henwii] 10/6/2019 21:44

Brasso,

Have you got that article to 'cut and paste'?

[mattjos] 10/6/2019 21:08

Historically, the FED does not cut rates in a USA election year so, it looks increasingly likely they will start cutting in the next 3-4 months & probably have to keep doing so thru end of 2019.That will likely then ripple out across the world's other central banks.This little retrace in POG is not going to last long!The hunt for yield is gong to get ever more important for investors & Gold is just not going to get stopped from breaking out past 1360 at some point this year.A net debt-free, unhedged, profitable gold-miner paying 5%+ dividend? Little wonder the market is going to keep buying this up. Keep tight hold, imo.

[brasso3] 10/6/2019 20:53

Italy revives ‘alternative currency’ proposal

[mattjos] 10/6/2019 20:45

Agreed guys .. building up great support level at 95-100.Buyer(s) are actively taking any loose stock in the market & anything up to 101 in the auctions