Anglo Asian Mining Share Discussion Threads

[oakey1] 11/6/2019 14:28

Bought some more STCM at 32.96 :)

[wanobi] 11/6/2019 14:27

no problem Bumpa, gotta take a loss now and again :-) cheers Wan

[wanobi] 11/6/2019 14:26

STCM can buy only 6K max online with HL, but can sell up to 60K.... :-) interesting, cheers Wan :-)

[sportbilly1976] 11/6/2019 13:53

wan,

the c.35p support/resistance line is very strong given that clearly was the (lowest) level SEB were willing to sell at recently.

With the AGM tomorrow maybe they wanted to clear the order before then?

side note & comment: Surely companies should be made to have an AGM where their main stock market listing is based...

(delayed 100k buy just through...so demand there, ironically it went for 0.5p over the offer despite there being clear selling pressure on the sp)

[wanobi] 11/6/2019 13:48

STCM chart says it should bounce now, let's see shall we :-) GLA Cheers Wan

[mr roper] 11/6/2019 12:05

Must be 9% yield now. Seriously tempted

[stevea171] 11/6/2019 11:53

Yes, thanks. Not there yet but 1 day can make all the difference! Have changed the above.

[2sporrans] 11/6/2019 11:44

Just a wee quibble Steve:

X-divi date coming up is 27th june.

[sportbilly1976] 11/6/2019 11:41

I would hope the now 8% yield attracts some interest at least....

ditto re SEB's reduction plan

[stevea171] 11/6/2019 11:33

Thanks Matt. Haven't posted for a while and not much to contribute but it's good to take stock now and again and to look at where we are at and where we're going ....

Ordubad, you mention, is likely to be big news this year. To start off as icing on the cake but later another cake!

[wanobi] 11/6/2019 11:31

thanx SB, just working the chart, nothing more, long way to go and SEB has a lot to shift if it wants all out,,,,, hopefully it doesn't, but then again if it does there be plenty more on offer at cheaper prices to come... oh what a game this is :-) LOL Cheers Wan

[mattjos] 11/6/2019 11:22

Great post Steve.Itching to hear about the Ordubad samples this month

[sportbilly1976] 11/6/2019 11:14

wan,

good call deferring any purchase in STCM. Just need SEB to put a halt to their selling for any share price appreciation...the spike on the chart now not looking good

[stevea171] 11/6/2019 11:13

It's interesting that today is the first day, I think, that AAZ has not had any trades below 100p. Buy or sell. Even with a falling gold price this suggests that 100p is beginning to stick as a floor and we will see further advances in due course.

We saw a spike to 106p on FY results announcement day last month before sellers took charge and there was the inevitable retrace. Now the market is looking forward and can see value regardless of what the metal prices are doing.

Hardman's research note on 21st February calculated a "DCF valuation of 146p reflects AAZ’s prodigious cash generation."

Institutional investors are very keen on stocks that pay dividends. As many small and mid cap PM miners are more into raising cash from the market rather than distribution of cash in dividends AAZ will become increasingly attractive to ii's.

Two distributions in the next five months:
27/6 x-div date for 2018 final dividend. 4c/share. To be paid 25th July.
Approx 10/10/19 x-div date for interim 2019 dividend. 4c/share? To be paid 8/11/19?
This would be a combined dividend of over 6% at the current share price

AAZ's market cap has risen above the significant £100 million mark for some time now and is currently at £115 million with a safety margin of 15% above this benchmark used by some investors and institutions.

[laurence llewelyn binliner] 11/6/2019 10:46

Plant optimisation is a never ending process, there are always improvements to be made, it's not always about grades either, as JB2 contributes, it's about mitigating the breakdown risks, some of this is trial, error and experience with what works best to keep all the wheels turning 24/7..

Buying at 101.95/101.99 printed this morning, and the time to AGM/ExDiv is getting compressed, my expectations are news after the AGM with the Q2 update 1st/2nd week of July.. but we get what we get.. :o)

[lefrene] 11/6/2019 10:35

It's the level of attention to detail that I respect too. It will be interesting to see how efficiently they can recover that gold in the tailings pond.

[jbravo2] 11/6/2019 10:30

@klosters
Yes it feels like it's on a hair trigger doesn't it. Just in the right place for some decent news.
If only we could guess when it will arrive! ;)

@2sp
Yes, never occurred to me til mentioned to us on the trip.
Ive learned lots of small snippets like this over the years. Not just from going to the mine but by going to presentations and AGMs. That's why they're worthwhile.
The attention to detail now compared to 5 years ago is staggering. I'm not saying it was bad before, but now every little thing is analysed.
Makes me certain about where we're headed.

[2sporrans] 11/6/2019 10:21

Thanks JBravo

Hadn't conceived of the scouring benefit.

[klosters65] 11/6/2019 10:20

Bursting to break out upwards.

[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.]