Anglo Asian Mining Share Discussion Threads

[pogue] 13/5/2020 08:12

Only take I have from it is that they are still looking overseas for prospects. Bill said in an interview last year that they would only consider going overseas if they had nothing near home. The JORC 3rd quarter is annoying. Not feeling anything we need addressed has been. Will await the presentation and see if we get answers there in the Q&A

[mad foetus] 13/5/2020 08:11

I think the volume says it all, it is very much business as usual. The results reflect what we already knew, there's nothing new I could see, good or bad.

[return_of_the_apeman] 13/5/2020 08:10

Stella set of results
Worth remembering they are by nature backward looking
Plenty of time and opportunity for forward guidance on strategy and development of adjacent mining to follow before the Proactive interview on the 21st

Over the years the bod have been kind to PIs imo by telegraphing that good news is coming in their rns's, the heads up on the proactive interview looks to be the same pattern to me

[tradeforce] 13/5/2020 08:09

And....

We're down!

[jbravo2] 13/5/2020 08:06

Gah overslept...
It’s results.
Divi is fine.
Amount of cash we have is great.
Costs are good.
Hard to find a business less affected by covid

[jeanesy] 13/5/2020 08:05

solid results. Not much else said as expected. The wait continues. I suspect some will sell and move on.

[qazwsxedc69] 13/5/2020 07:54

Very much agree mf. Solid progress. But real detail around the future has been quiet for a long time, same messages.

There used to be talk of extending mine life to 10 years. Not any more. The relative radio silence (exploration into production) leads me to suspect that they JORCs will either be mediocre and a bit underwhelming, or absolutely gangbusters, and they are being very careful before they declare that to be the case.

All eyes on Q3.

[podgyted] 13/5/2020 07:50

Cash flow of $50m is excellent.

Company only valued on @ 3.5 cash flow.

10% increase in revenues in 2020 without doing anything - which will translate into @ 20% increase in profits if not more.

Noises that it is growing and we will get LOM extension in Q3.

I'd say overall very good.

[bazboa] 13/5/2020 07:49

Our geological exploration programme made very good progress in the year. We announced two new significant copper and gold discoveries at Avshancli and Gilar. The mineral reserves and life of our existing mines are being extended and several promising new mineral occurrences are under investigation. We are proceeding at pace to classify our exploration targets and new discoveries as mineral resources and reserves with the aim of starting their commercial exploitation as soon as possible.

[mad foetus] 13/5/2020 07:46

What's there is all good. But I think we need to start progressing exploration into production. I know that the results are historic but I feel I've read so many of these exploration summaries so many times now. We are absolutely surrounded with potential new prospects. I want to hear about which ones we are going to develop and how and when. The next quarterly exploration update should be due any time, as is the Proactive presentation, so hopefully in the next week or so things will become clearer. These results for me establish the foundations and add little that we don't already know. They are, for the avoidance of doubt, very solid foundations indeed. Now, let's see what the next stage looks like.

[wanobi] 13/5/2020 07:43

$D - Cheers Wan :-)

[brasso3] 13/5/2020 07:41

Mine life increase?

[gold finger 1] 13/5/2020 07:40

Well the real positive news for me was to hear the mine life has been increased already to 2024 without the need for the jorc.
They also are very confident that that will increase once we get the new jorc in Q3.
Divi up again, and AISC which are low will remain low with the benifit added of oil being lower.

[gutterhead] 13/5/2020 07:35

£30m profit no debt costs under control production unaffected.
Come on ffs 😂

[henwii] 13/5/2020 07:34

unfortunately I do not have time this morning to sift through it all but apart from the JORC not being available until Q3, what I have read so far I'm fairly happy with.

[2sporrans] 13/5/2020 07:31

$591/oz AISC.... but lower than i'd expected.

[henwii] 13/5/2020 07:29

Div for the year is in affect 35.7% of Free cash Flow so I would say from that point of view we are doing pretty well.

[mad foetus] 13/5/2020 07:21

It's all OK, but I wish there was more news. Keleki has some great grades. There are a lot of drill results that don't need reporting: do we need to know about holes yielding less that 1g/t? And to be told that the LOM is OK until 2024. Well, I have no doubt the exploration team has been busy, but can't we do better than that?

[brasso3] 13/5/2020 07:17

In a world of no yield a divi increase is not to be sniffed at.

[gutterhead] 13/5/2020 07:17

Great results, div increased, excellent performance and positive outlook
Well done AAZ 👍

[tradeforce] 13/5/2020 07:17

Very steady as she goes...

[farnesbarnes] 13/5/2020 07:16

15% increase in dividend. That's not bad.

[wanobi] 13/5/2020 07:14

Many thanx for holdings heads up Rb, much appreciated, many thanx, cheers Wan :-)

[bazboa] 13/5/2020 07:13

Surprised no comments https://www.investegate.co.uk/anglo-asian-mining--aaz-/rns/2019-full-year-results/202005130700076951M/

[wanobi] 13/5/2020 07:12

AAZ - yep, results are out,,, over to you KS :-) Cheers Wan :-)

The Group and the Government are still discussing the formal approval of the development programme.

The mining licence on Gedabek expires in March 2022, with the option to extend the licence by ten years conditional upon satisfaction of certain requirements stipulated in the PSA.

JORC - Q3