Anglo Asian Mining Share Discussion Threads

[riggerbeautz] 06/5/2020 16:38

Wan that’s why I cashed in AVCT, ORPH and REAT, as I thought all were momentum plays, people early will always win, people late may get impaled; until further news that is.

Not knocking any b.t.w all could go much higher but I just played a turn and sold when I thought they were stalling; happy to leave some for others. Have kept some feedback and traded 3 batches so far bringing down my average a fair bit.

[gold finger 1] 06/5/2020 16:36

King

I had a little laugh at "we have to trust the BOD not to rush"

Anyway, We all know that the results are going to show record profits and a rise on the divi. But will this be enough for mr market,or will they mark us down again because they need to know what the future plans are going to be.
Increasing profit and increasing divi will not wash in this market.
The only way forward in this market is to be closed down, not making money and going cap in hand to the government. Now thats the way to do it.

[digger18] 06/5/2020 16:28

All good points made and appreciated. I hope that the government are not holding up progress by trying to screw a deal weighted in their favour, after all, it’s been a good partnership and to mutual benefit thus far in the journey, and we all know where the better skill sets lie. In saying that, in difficult times like this and the likely progressing world financial turmoil, one has to think that government will want an enhanced deal for any PSA extensions or expansions.

[donald pond] 06/5/2020 16:24

I got stopped out at AVCT at 102p this arvo, which was a bit annoying, but it is what it is. Ideally I'd like to buy back there, at a much lower price - lols! Added to DDDD though, I think that one is the real deal. SO much potential and over $1bn in payments due from Merck if they deliver.

[donald pond] 06/5/2020 16:22

I think between us we've said it all. We just need better communication and a share price that reflects better the worth of the company. And it is a major part of the board's job to communicate sufficiently to the market so the market knows the story and can evaluate the company.

[wanobi] 06/5/2020 16:16

courtesy of MT on the main JSE thread,,,, cheers Wan :-)

Euroclear's latest Stock on Loan(short) Report published today together with the change in brackets from previous monthly report.

0.00% - Jadestone Energy / ( No Change)
0.00% - Touchstine Expo / (No Change)
0.83% - Petrotal / (up 0.21%)
0.97% - Savannah Petroleum (down 0.33%)
1.96% - BP / (down 0.24%)
3.47% - Shell / (up 1.22%)
4.45% - Enquest / (down 0.21%)
6.62% - Cairn / (up 1.24%)

Remarkably low short positions held across much of the oil and gas sector considering the sharp fall in the price of oil.

[king suarez] 06/5/2020 16:07

I have just had a re-read of the February RNS setting out the scope of current and future exploration activities for the rest of 2020. There is a hell of a lot going on, simultaneously, on all of the various contract areas.

We appear to be getting quarterly exploration updates, so the Q1 2020 update is due about now (appears to be released approx 2 months after qtr end so far). We are also due an updated JORC on the Gedabek open pit at some point this year.

I see reference to linking up Gadir underground to Gedabek underground via a tunnel extension from pit 4 to 6 - but don't understand the significance of this? I can see the Gadir underground grades are much higher than the open pit (remember those bonanza c100g/t drill results a while back? Nothing further on those since..), but presumably more costly to excavate due to depth - any views on how the company determine the best way to split this? It also looks like they believe they have found something under the current Gosha mine that they may want to develop (not sure why they stopped producing from Gosha?).

There is talk about mineralisation extensions everywhere on the existing resources and also many new areas of interest with good - exceptional grades. Some areas with excellent copper prospects, some excellent gold grades, and some a mix of both. I guess the BOD have to consider which areas are likely to be most profitable and what new plant may be best to exploit all of this. We have the cash - just need to build!

Like Matt says, I see this is just an apparent temporary 'lull' whilst the BOD re-strategise for the next phase of the company. It will come, I believe, as everything appears to be in place, but I think there is so much to analyse before the best plan can start to be put into action and that is what this 3 year (half way through) exploration programme is all about.

Not sure what I am trying to say with all this, but just thinking aloud to myself. I am eager to hear about what comes next, but I think we have to trust the BOD not to rush into any sub-optimal decisions for the long-term.

[klosters65] 06/5/2020 15:54

The next step forward could well be in conjunction with the Azeri Gov and be the cause of the hiatus. The longer the wait ;the bigger the reward.

[wanobi] 06/5/2020 15:52

book is here Rb, looking forward to reading it on BH Friday :-) many thanx again, cheers Wan :-)

[wanobi] 06/5/2020 15:44

yep, as the confidence wanes away, so the selling will accelerate and down they go,, will be very interesting to see which ones actually stay up :-) GLA holders, cheers Wan :-)

edit,,, I have 26 cv19 stocks in my cv19 watch -list so I'll switch to microscope and check all the charts as we go,,, will be interesting a few months from now... :-)

if the virus hasn't taken me and I'm still around that is :-)

[riggerbeautz] 06/5/2020 15:30

Few of the Covid bingo players learning what can go up, can also come down as some of the spikes are cooling.

[mattjos] 06/5/2020 15:27

This is a terrific company with a terrific team taking on a big challenge and making it successful.

However, this current period in AAZ is the by far the most uninspiring we have witnessed for last 5-6 years.

Little wonder there have been a load of folk who have probably sold up and moved on.
My biggest concern is that the 'Geologists mindset' has taken control of the company and we are stuck in a period of wanting ever greater & greater & greater amount of drilling data but, seemingly no amount of data will actually cause a decision to be made.

I'm probably being overly harsh on Steve and his team & Reza and the rest of the BOD will certainly not let that mentality ever take root. This is all summed up by John Sunnunu's comment at the last AGM about the need to take your time but also to hurry up.

This is a common enough dynamic in business organisations between commercial & technical people, made worse in mining because of the quantum of data and the time & circumstances involved to assemble it and then try to interpret it.

Something has to give soon though else, 2021 production is going to fall dramatically as Ugur is pretty much tapped out per its original JORC & you can see that in the way the YonY Silver figures are falling off.

The greater the proportion of their resources are spent drilling and exploring in support of the longer term strategy, the more pressing the near-term tactical exploration and drilling becomes to avoid production gaps.
We also know this is the last possible tailings dam wall raise … that means we've got 18-24 months max to identify & create a new one so, we'll need to be on with that before the end of this calendar year.

Everything is being funnelled in towards Spring 2021 .. plant capacity, tailings capacity, existing resources, logistics etc. Everything is going to come to a head at that time & that is also date by which we must submit detailed evidence of commercially exploitable reserves to justify at least one of the two 5-yr PSA extensions.

For very obvious reasons, I don't think shareholders are going to be best pleased if the mushroom-management approach persists for the next 9 months .. it's going to be an interesting AGM (whatever the format).

All that said, what more can we possibly expect in current circumstances? Management have maintained mining continuity during a period when many of their global peers have not been able to do so. We entered this hugely challenging and worrying period just as we cleared all debt & have continued to pile up surplus cash ever since, when most of our peers have leached cash out of the business.

As frustrating as things are just now with regards the strategy, the company deserve an 11/10 on the operational front.

[kickingking] 06/5/2020 14:35

This what I think, 1. There are alot of holders who bought below 75p and how many of them are still adding at 120p+ now, I would think not many as they probably added last time on it's way to 150p+.2. New buyers who bought up to 150p+ last time and some sitting on losses and are nervous of adding more. 3. New buyers are required now but the spread is putting them off. I just checked and the real buying spread is less then 2p. If buying with a cfd account you can't buy inside the spread.4. Big problem here is the psa has been dragging on for too long. In a crisis can you trust the Azeri. Having said all that, I am a trader and have put an order in at lower price. Every penny helps as the saying goes.

[mattjos] 06/5/2020 14:03

we cannot publish accounts until Az govt has signed off on all the facts & figures that are related to the PSA. Govt employees are always slow in such matters

[gold finger 1] 06/5/2020 13:56

Digger
you are right, but. We are not like the other 90% of AIM companies that leave the financials until the last minute. So why act like them by doing the same.
Get them out so the world and his dog can see them.
This is not a tin pot AIM company, it makes great money,pays a nice divi,and has plenty of money in the bank. Start shouting these facts out. MM's know as well as any investor in any company what the results are going to be well before they are out. they probably have written down how much they are going to knock of the price on said day they come out. We should not be reporting anywhere near these losers.
WE MAKE MONEY, WE PAY A DIVI, AND WE HAVE MILLIONS IN THE BANK.
You would think all the money and gold had been stolen the way the value this company.

The fact that their are people that have been in here for years and are making very good money,is because its such a well run company,that the management have not diluted their shares to oblivion or had to consolidate.
That share for 4p a few years back is valued at 120p. Not 120p because the share price has been diluted to death and consolidated to that price.
I get mad like this when i see rubbish being priced up and yet they hold this down.

Every gold miner is well up on where they were at the start of the year.
Here we are valued 19% less?

[wanobi] 06/5/2020 13:54

you are most welcome hillfoot, tis what this thread is all about :-) cheers Wan :-)

[digger18] 06/5/2020 12:55

Guys, the financial numbers are prepared by accounts who know the periods and timeframes. Be patient

[brasso3] 06/5/2020 12:34

A small increase in the dividend should be enough to get this back to 150p. A bit more patience needed.

It would be nice to get the divi yield a bit higher to make 150p a floor going forward.

In the past the 25% of FCF seemed logical as we expected large CAPEX costs. As that has not happened and we now have a cash pile why not be a bit more generous? :)

[mad foetus] 06/5/2020 12:28

Results cannot come soon enough and tbh I don't see why we have to wait a week, we all think we know what's in them! Is this 10p spread the MMs shutting up shop?

[gutterhead] 06/5/2020 12:27

Not so long ago, this was 4p, with debt, no div and was funded by the ceo
The company concentrate on running the mines efficiently and communicate when it’s meaningful.
We are a week away from the results.....and we don’t know exactly what is coming. Let’s be patient and see

[gold finger 1] 06/5/2020 12:17

WHY don't the company just produce the results now? Stop all this messing about.
Its not as if we all don't know what they are going to say. Its old news really.
We are at the very bottom of the tram line range we have been in for most of the last year.
I have to say the silence is deafening from the management for the last year.
Take out the normal info you have to be given and its almost been silence.
Not good enough, its no wonder the share price can be played with like a fiddle.

[brasso3] 06/5/2020 12:05

India unemployment estimated at 27%!

[hillfoot7] 06/5/2020 11:40

Thanks for the heads up at jse

[jbe81] 06/5/2020 11:36

Looks like there could be a trade to be had at INCE