Anglo Asian Mining Share Discussion Threads

[mattjos] 23/4/2020 00:38

I am working on higher gold prices and lower operating costs than you as, having optimised the CIL plant & increased ore throughput, they will be achieving greater economies.The other 'unknown' variable at this stage as to what extent they experience higher gold grades as they go deeper. All the Russian & Kryso drill data showed grades increased with depth.

[leopoldalcox] 23/4/2020 00:26

Definitely very interesting. Probably a bit late in the day for me to be attempting maths so will revisit this tomorrow.

[leopoldalcox] 23/4/2020 00:16

Actually, I think my last post was wrong.Needed to add six months worth of expenses to each of around 7m, and then add financing costs. That removes a fair bit of profit.

[mattjos] 23/4/2020 00:07

LA .... pretty good sums. I think a little more but, we're fairly close.It's got a lot of leverage on the business model which i see as an advantage in a rising gold price environment such as this & do those sums again for when they reach Phase II & 100koz/year!I maintain that it is much too cheap. Should be more like treble current price so have been backing the truck up

[leopoldalcox] 22/4/2020 23:57

Thanks Mattjos, very informative.Using your latest daily oz production, and assuming cost of sales remains constant per oz, and that admin and financing expenses remained unchanged, I get the below for annual profit before taxes and any royalty arrangements:Gold at - $m1300 - 14.2.1400 - 19.21500 - 24.11600 - 29.1Very compelling at the mcap!Thanks - appreciate the info. Will look through more over the coming days

[doc_oj] 22/4/2020 23:42

Before someone shoots me down with how it has come up from 5p, I'm talking about the last few months price action

[doc_oj] 22/4/2020 23:40

I share my frustrations with everyone else here, it feels like forever waiting to hear on a number of prospects and as much as I keep my faith in the BOD here, you wonder when you will know about THE next move. I'm in no rush as the great majority of my holding is in my SIPP account which I can't draw for the next 17 years but it surely wouldn't be instilling confidence in a significant pool of investors hence not surprised with the rather lacklustre price action.
GLA

[leopoldalcox] 22/4/2020 23:34

I haven't mattjos. As I'm on mobile I never see the headers, but I'll look it up! Cheers!

[baddeal] 22/4/2020 23:17

Pogyted,Agree with your sentiment, we have a great business and a bod that generally are doing good things but financial pr isn't one of them. We need new investors to chase this price higher and that isn't going to come along unless we look to drive awareness and this needs to happen with both analyst and broker coverage. A small investment here would reap big rewards imho. Our house brokers have proved to be hopeless over the last year considering the improvements in trading and prospects. Time for a change

[mattjos] 22/4/2020 23:07

Have you checked my spreadsheet on CNG thread header?

[leopoldalcox] 22/4/2020 23:07

My thoughts exactly! Unless there is something I'm missing

[leopoldalcox] 22/4/2020 23:06

On CNG, I've looked at them before, as they have been mentioned here. But there is just one thing that I'm holding back for I think. I can't figure out what their AISC will be. I can't see any official figures. I guess it's too soon? In the BFS I think they stated around 550-600, which isn't at all bad.This is my latest attempt to work it out. Any guidance very welcome Interims suggest a cash cost of 873 to me before admin and finance costs. Admin and finance costs seem to raise cost per oz to 1324I guess that will decrease over time as production increases and efficiencies are made.Does anyone know how to project the long term AISC average? The grade is over 2g/t in the Interims

[mattjos] 22/4/2020 22:53

New closing ATH's for gold in GBP & EUR today & very nearly CNY too.Seems now only gold in $'s that is not at ATH's ... surely just a matter of time before that $1,900 ceiling is challenged again

[kickingking] 22/4/2020 22:51

I completely agree, it's a pointless exercise. It dilutes everyone shareholding and thus the share price. It will also mean a lower dividend in the future. That's my take from an iq of 25. Rb Thanks for the other link. I watched this guy live when he was on cnbc a few weeks back and his very impressive. I missed today live interview as was busy but caught the short edited version.

[wanobi] 22/4/2020 22:50

aha, many thanx Mj, that makes sense, cheers Wan :-)

[mattjos] 22/4/2020 22:46

The company can still 'pay a dividend' but, does not use any cash to do so. It issues more shares instead.Company saves cash. Investors can keep the shares or sell for cash

[saturdaygirl] 22/4/2020 22:35

I watch the charts and sitting quite comfortably .

[wanobi] 22/4/2020 22:35

hi LA,,, woohhh, that went straight over my head :-) LOL,,,, yep, I'm sure one of the experienced guys can help you with that question :-) thanx for asking it,,, Cheers Wan :-)

[leopoldalcox] 22/4/2020 22:31

Hi Wan,A puzzle for you that I can't figure out. Hopefully some of the smarter brains of this board can help me.I've seen a couple of companies stating they will pay a scrip dividend instead of cash this year.I don't get it. What's the point?If it's a choice between cash or a scrip, I get it. But if everyone gets a scrip, surely everyone ends up with the same percentage of the company that they started off with? If that's the case then why bother?

[mattjos] 22/4/2020 22:30

Give it time Sat ... still building nicely & paying nice divi

[wanobi] 22/4/2020 22:28

many thanx Mj, indeed, momentum is building,,, as POG rises and we get nearer to understanding exactly what they've been up to,,,,,, I can only see one direction for its share price and that is up :-),,,, well done on building a significant holding btw :-) Cheers Wan :-)

[saturdaygirl] 22/4/2020 22:27

And i have money here ! Whens it going to hit £3.00 ?

[mattjos] 22/4/2020 22:15

Five years on from Bashirov declaring himself out and still no Holdings RNS!!PI's have done all the heavy lifting here from 5p to over £1. Pretty damn amazing

[mattjos] 22/4/2020 22:09

Wan ... CNG continues to defy the doubters