Anglo Asian Mining Share Discussion Threads

[jbravo2] 18/6/2019 08:45

LOL brasso
Yes I'm sure we all look forward to their "insight"

[mattjos] 18/6/2019 08:44

Ordubad sample results also due end Q2

[mattjos] 18/6/2019 08:43

Sorry, 2SP :-)XAUGBP new 3 year high

[brasso3] 18/6/2019 08:42

Reza now sitting on ~£40m of stock here!

I wonder if share price Angel will provide an update! lol (Don't bother guys)

[2sporrans] 18/6/2019 08:42

oi Matt, i just posted that bit :0)

[mattjos] 18/6/2019 08:42

always pays to read AAZ RNS several times

[mattjos] 18/6/2019 08:41

Well done bleeps ... you found the nugget that others missed :-)

[bleepy] 18/6/2019 08:38

Excellent rns also noting...

“Additional reporting of this ranking process, with preliminary results and initial fieldwork activity descriptions,will be released imminently"

Imminently, a follow up rns tomorrow, Thursday or both days perhaps.

[2sporrans] 18/6/2019 08:37

A refresh of the Key objectives for the 3yr Explo. Prog. - KO March 2018?
Why not?

-Replacement of mined ounces
-Extension of the current mine life to a planned 10-year minimum
-Increase of the Company’s inventory of resources
-Discovery of new mineral deposits, similar to the Ugur open pit, which have the potential to be rapidly developed into operating mines

[brasso3] 18/6/2019 08:34

When you have money coming out of your ears and a great management team its a lot easier to fast track exploration, development and production. :)

[wanobi] 18/6/2019 08:33

AAZ - the main thing I take from today, is the speed at which AAZ management is going after what they believe they have in the ground, there is a most definite drive to prove up and extend mine life as quickly as possible, they are acutely aware of Golds imminent break out and seemingly want to capitalize upon that by driving up the share price as fast as possible... all in my novice view :-) cheers Wan

[2sporrans] 18/6/2019 08:27

AS mf says, seems not a lot new on 1st quick scan-read.

but
there is new detail and also some progress during Q1 here.
maybe April/May too; will needs read again.

They are giving those airborne survey targets some priority.
think this bit worth noting:

"The initial ranking priority takes into consideration those targets that are nearer surface whichcould be evaluated and brought to production quicker than the deeper targets. Thus, the Company has worked to prioritise the shallow targets (300metres or less depth) initially that could be potentially mined by open pit. The Company has also mobilised core drilling machines to the Gedabek site and plans to commence drilling work from June to test these targets. Although the various follow-up ground-based geological activities will not have been completed, the results of the drilling will allow the Company to correlate geophysical responses of conductivity-resistivity and magnetic signatures with the rock and mineralisation column from the resultant drillcores. Additional reporting of this ranking process, with preliminary results and initial fieldwork activity descriptions,will be released imminently"

Also noted drilling has begun at Dirnis [copper] and Keleki....[gold] in Ordubad.
So, not hanging around with the $1.8mn programme there either.

[gutterhead] 18/6/2019 08:26

great news and timing ref the agm-looking forward to it

[ilostthelot] 18/6/2019 08:26

There is gold+copper and silver all over those hills. When they drill out in between Gadir and Gedabek could well prove that the two separate resources are actually linked.

Easy money chaps. Plenty more up side to come yet 😊

[jbravo2] 18/6/2019 08:24

@LLB
:D
Flip. Was getting my girl ready for school. Missed that having checked at 7am. Got some reading to do now

[qazwsxedc69] 18/6/2019 08:23

"Consideration of the current life-of-mine (“LOM”) of the Anglo Asian deposits, together with the exploration potential of the Contract Areas and the Company’s demonstrated ability to fast-track projects into production, provides confidence in predicting that the LOM will be extended WELL BEYOND 2025

[wanobi] 18/6/2019 08:22

meanwhile in a nice calm way TSG is being bought up slowly but surely as well :-) cheers Wan

[brasso3] 18/6/2019 08:22

If gold can pop through $1350 we might be in clean air (120p+)!

[mad foetus] 18/6/2019 08:21

Cobolt gets a mention as well in the 2019 exploration budget

[stevea171] 18/6/2019 08:20

MM's out of stock hence the early lift in the share price this morning.

[wanobi] 18/6/2019 08:19

thanx Brasso, I do believe you are 100% correct :-) cheers Wan :-)

[podgyted] 18/6/2019 08:19

Towards end of summary:-

"Current production has shown a steady increase and the stable operational conditions
provide the financial platform on which to grow the exploration assets and convert them into future production."

[brasso3] 18/6/2019 08:17

Wan

I expect the 2019 exploration programme will give the 8 - 10 year mine life that the market needs to reflect true value. When that happens you won't be able to buy these sub 150p.

[wanobi] 18/6/2019 08:15

AAZ surely the II's will get involved in this now chaps ? :-) Cheers Wan

[wanobi] 18/6/2019 08:14

AAZ Bingo, Jackpot :-) - confidence in predicting that the LOM will be extended well beyond 2025 :-) LOL that's the missing piece of the jigsaw :-) LOL GLA cheers Wan