Anglo Asian Mining Share Discussion Threads

[mattjos] 18/6/2019 09:53

my near-term target now increases to minimum £1.50. This is shaping up better than expected now.
SPA will have to update soon.
The 'imminent' reference in the RNS suggests to me that next update will be either tomorrow or Thursday morning.

Also very, very good news that both heaps and tailings may be re-processed.
Minimum net $30m there.
Market cap here is still looking incredibly cheap

[sportbilly1976] 18/6/2019 09:48

quick calc...just 50% reinvesting the divi @ £1.20 requires 1.54mln shares (around 5x daily average volume)

[bleepy] 18/6/2019 09:42

which should drive the price up further, swings and roundabouts.

[qazwsxedc69] 18/6/2019 09:36

Very inconsiderate of these people to drive the price upwards, when many of us have juicy dividends on their way that need re-investing.....

[bleepy] 18/6/2019 09:36

Some 6mths into 2019 and 2nd year of 3yr exploration programme...


“2019 is the second year of the three-year rolling exploration programme, which is financed entirely by internal cash flow and is progressing well.

Further work defining the ore at Gedabek underground is ongoing, as well as lateral and down-dip mineralisation definition at Gadir.”

[sportbilly1976] 18/6/2019 09:35

Brasso,

From the Co's website...

"Development at Ordubad forms part of the Group's longer-term development portfolio as a mid-tier gold, copper and silver mining company."

mining.com article from 2010 (admittedly an old one), has mid-tier at 200k

(

[2sporrans] 18/6/2019 09:33

116.4p just paid for 8.5k

The re-rating continues upward.....

[fozzie] 18/6/2019 09:33

Ah turned out nice again

[bleepy] 18/6/2019 09:27

Exploration overview for Gosha...

“Over the Gosha CA, nine DD holes were completed around the new polymetallic discovery named ‘AsrikchayR17; and in the Gosha mine, totalling 2,737 metres. The Asrikchay valley is situated 7 kilomtres north of the existing Gosha underground mine and a drill hole returned a polymetallic intersection with notable grades (4.30 metres dhw at 4.11 g/t Au, 112.23 g/t Ag, 3.07% Cu, 3.02% Zn).

A ground-based geophysics programme, covering 1.4 square kilometres, was further completed over the valley to identify zone geometry and the results are expected to be delivered to Anglo Asian in the near future.”

[brasso3] 18/6/2019 09:26

What is significant beyond a current market capitisation of £130m! £500m?

[sportbilly1976] 18/6/2019 09:23

Ordubad...

“Now that Gedabek production is in a robust position and
the exploration programme at Gedabek is well-structured, expansion
of the company’s mineral pipeline for future production is taking
shape. This clearly includes the mineral resource wealth of Ordubad.

The company previously worked on the resources and reserves at the
Piyazbashi and Agyurt deposits that, as independent deposits, are
currently relatively small given the level of exploration. However, it is
the bigger picture of how these quartz-gold-sulphide deposits fit into
the larger framework of mineral deposit formation that is important.
Given the known porphyry-style ore province and the identification of
rock alteration consistent with this type of mineralisation, it is this
model that will be further advanced utilising latest exploration
techniques.

This Ordubad area has the potential for significant
company growth.”

[bleepy] 18/6/2019 09:17

Gosha
It is known that the Gosha Contract Area is significantly under-explored, but its future potential has recently been assured by the discovery of the Asrikchay prospect.

This is a polymetallic find, 7 kilometres from the Gosha underground operation and proven by a drill hole showing high mineral grades (see ‘Gedabek and Gosha FY18 Exploration’ report [6]).
Follow-up has been rapid, with a ground-based geophysics survey completed over the site, the results of which will assist in optimising the diamond drill pattern for resource evaluation.

Outcrop sampling programmes are also being carried out over other parts of the Gosha Contract Area, with the aim of finding favourable geology and alteration styles.

[bleepy] 18/6/2019 09:14

Leaving no stone unturned...

“In addition to the development of exploration assets within the Contract Areas, analysis and planning is required for the possible retreatment of both the spent heap leach pads and the current tailings dam. Both these assets are known to contain gold and copper that may be economically recoverable in the future. Work to assess the viability of these retreatment projects will be carried out in due course.”

[sportbilly1976] 18/6/2019 09:10

Brasso - if that is the case....would he be tentatively looking for a buyer?

Prove up resources, build a solid production and revenue/free cash generating business and then crystalise the value for all shareholders?

[2sporrans] 18/6/2019 09:07

Like JBravo says, ambition is writ large and confidence growing.

On the LOM, bearing in mind this is for Gedabek alone, this, yet again, is the 3yr prog. objective [and we are 40% through]:

"-Extension of the current mine life to a planned 10-year minimum"

That's MINIMUM

as in forecast for the 2nd divi [4c] as 3c "Minimum".

[inaminute] 18/6/2019 09:05

Totally agree about their confidence shining through that RNS

[brasso3] 18/6/2019 09:03

Reza must be planning an exit strategy here for around 2021 as he is 65 years old now. They will want the true potential here to be evident in the reserve base by the end of next year IMO.

[bleepy] 18/6/2019 09:02

Rounding the rns of......


“In addition to the potential within its current contract areas, the Company is continually assessing further opportunities for expansion both within Azerbaijan and external to the country.”

[sportbilly1976] 18/6/2019 08:58

Extension of mine life to >5yrs now puts us on 'traditional' valuation models

10x FCF will do for starters (222p) :)

[sportbilly1976] 18/6/2019 08:56

standard rise, pull-back and then steady regain intraday action?

looking to top-up to the next nice round number...not going to quibble over 0.5p or 1p so about here seems a good base :)

[jbravo2] 18/6/2019 08:56

oh no sb. You're way out of date ;)
They moved it up.

To 127p

Muppets.
I'd hate to be relying on them

[sportbilly1976] 18/6/2019 08:54

Spangle's note this morning will be interesting to see if they are able to build in the news this morning to a price target...126p their current one I recall :)

[bleepy] 18/6/2019 08:47

@2sp...noted.



Exploration Overview and Plan
2019 is the second year of the three-year rolling exploration programme, which is financed entirely by internal cash flow and is progressing well. Further work defining the ore at Gedabek underground is ongoing, as well as lateral and down-dip mineralisation definition at Gadir.

Preliminary targets have been identified over areas where the Company is aware of the presence of mineralisation, but importantly also other areas have been highlighted where there is no previous indication or exploration activity carried out. The data generated from the survey have provided information on the geometry and potential depths of mineralisation zones within a newly interpreted geological structural framework.

[jbravo2] 18/6/2019 08:47

Much more bullish tone in the new parts.
You can tell they're becoming ever more vocal and confident about what is there.
Then there's the wealth of data to back it all up.
So much data here compared to ALL other junior miners.

Their ambition is writ large

[2sporrans] 18/6/2019 08:46

re-post reply to Brasso; made seconds before we were so rudely interruped ;o)

Can think of reasons why Fed reluctant to cut pre-emtively Brasso.

But say they don't cut now/July nor signal likely Sept.
What will be reaction in markets, esp. equities?

Sell off in equities/risk-assets will fuel the POG rally I think; as it clearly did last autumn into DEc.