Anglo Asian Mining Share Discussion Threads

[s0lis] 18/6/2019 12:34

Mattjos

I think you discussed the gold left in the heaps and tailings when you visited.

Did you touch on whether the $30M is net of reprocessing costs and as an interesting point of comparison what grade is it ? i.e. as comparison to the production cut off grades ?

[sportbilly1976] 18/6/2019 12:29

Gold back to $1350, up $10 today (possibly on the back of the US Iran comments/threats)

[stevea171] 18/6/2019 12:28

US planning air strikes against Iran? If so it would likely not be consequence free ... The US could lose an aircraft carrier and support vessels and Israel would likely be hit by missiles.

*Breaking: U.S. Planning MASSIVE ‘Tactical Assault’ Against Iran – UN Report

“The bombing will be MASSIVE but will be limited to a specific target,” said a Western diplomat…

[wanobi] 18/6/2019 12:23

thanx Bumpa, 'death spiral' funding I keep hearing,,, the clue is in the name I guess :-) cheers Wan

[bumpa33] 18/6/2019 12:23

Short TCG, should’ve gone sooner but trying to get a borrow, so ES was the only way...

[bumpa33] 18/6/2019 12:20

Wan - understand the implications of the CLN funding at AMC and go in with your eyes open, if that’s what you decide to do. Ask why they’ve had to resort to this in the first place. With thousands of stocks on the UK market alone, why choose ones with a tight grip on their throats?

I hope Cmb doesn’t mind me saying, and he clearly knows the stock better than me, but I wouldn’t touch anything with this type of funding.

[bleepy] 18/6/2019 12:03

Gold and share price both ready to pop, onwards and upwards...

[mattjos] 18/6/2019 12:01

I can see gold going up now, irrespective of FED decision.Cut & and that signals a recession. Don't cut & the risks increase and the safety of gold will also prove attractive.

[mad foetus] 18/6/2019 11:42

Terrapol,
Its an SWR strike, so basically everything that goes into Waterloo:

[bleepy] 18/6/2019 11:33

Not forgetting they have identified 31 targets to date that are being prioritised in terms of exploration potential ie. ore type, grades, depth whilst applying jorc standard reporting.

[bleepy] 18/6/2019 11:23

LOM extension potential...

“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.”


Ugur2, Gadir2,3,4,5, Gedabek open pits 7,8,9, Gedabek u/g 1,2,3, Gosha2 comes to mind as candidates for fast tracking followed by a new mine complex at Ordubad.
Plenty of news flow plus a.n.other over next 18mths of exploration programme.

[sportbilly1976] 18/6/2019 11:13

KIER not faring much better either

price of warning repeatedly, steadily painting a worse picture...the polar opposite of what the AAZ management have done over the past 6-12 months

[bleepy] 18/6/2019 11:12

“The introduction last year of a rolling three-year exploration programme enables the Company to budget far enough in advance to ensure that target evaluation is feasible and that it is considered separate to development-stage projects (i.e. those that are undergoing maiden resource estimations, prior to development into producing assets).

It also permits longer-term exploration and development planning to be conducted, so that drill rig movement and other exploration activities can be ‘locked in’, minimising downtime and maximising efficiency.

Planned shutdowns (e.g. servicing and maintenance) can be established in advance so that contingencies can be implemented. The exploration plan is further elaborated below (see ‘2018 – Exploration Overview’).

The acquisition, translation and review of primary geology, exploration and technology reports, compiled during the Soviet era, is an important aid to the further exploration of the region and Anglo Asian is working closely with the Government of Azerbaijan to gain access to these reports.”


Assume the last paragraph refers to areas/region outside of aaz’s 3 contract areas (totalling some 1,000sqkms) and declared ipo documents.

[terropol] 18/6/2019 11:10

Just seen a quote i like...."GOLD IS MONEY EVERYTHING ELSE IS CREDIT"

MF what train strike?

[bmcb5] 18/6/2019 11:08

Morning all. Nice update at AAZ, and lovely action on gold price. Happy days.

Just had a look in at STAF. Was £12 in January, now £1.20. Wow, that's brutal

[wanobi] 18/6/2019 11:03

thanx cmb, had a good read and feel very good about AMC project,, they just need to get a decent partner on board from what I can see... its the financing that has killed the share price so far... the PFS is compelling, very much so and the EV market is also rapidly growing and will accelerate I guess... if I buy now it's a punt on AMC finding that partner (assuming the missing drill results are good)…. would that be a fair broadline assessment of the situation? Cheers Wan :-)

[riggerbeautz] 18/6/2019 10:54

Normally dull, stuffy affairs but might do if I can drop in.

[wanobi] 18/6/2019 10:51

anyone here going to the AAZ AGM?

The Company's AGM will be held at 10:30am on 20 June 2019 at The Washington Mayfair Hotel, 5 Curzon Street, Mayfair, London W1J 5HE.

Cheers
Wan :-)

[mad foetus] 18/6/2019 10:47

My biggest concern about AAZ is whether the absurd train strike this week will prevent me from getting to the AGM

[rhuvaal2] 18/6/2019 10:38

Expecting a tree-shake any time soon to let an II gain a foot hold here...

[qazwsxedc69] 18/6/2019 10:34

90k at 114.00 now. They are accumulating......

[brasso3] 18/6/2019 09:58

I can get an online quote to sell 25k at 114.6p at present.

[sportbilly1976] 18/6/2019 09:55

interesting that despite the news and rise...that 16k was the largest trade of the day, so possibly not yet on II's buy-list

Look forward to when it truly is :)

[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