Anglo Asian Mining Share Discussion Threads

[brasso3] 15/5/2020 10:23

There is a perverse beauty to those images although an environmentalist might not agree.

[pogue] 15/5/2020 10:15

Brasso
yes ORPH on a run despite Cathal trying to manage the price :0) So much potential there in the short term its easy to see why the price is getting ahead of the hard news. Buy the dips.

[wanobi] 15/5/2020 10:10

can't argue with you there guys :-) LOL,,,, nice beach shack, rum, a good internet connection and you know what else :-) LOL,,,,, and no I'm not talking about Yorkshire Tea LOL,,,, Cheers Wan :-)

[brasso3] 15/5/2020 10:09

I expect the smaller gold miners will have big moves in June/July leading into Q2 results. The jump in gold price is reflected very quickly in the FTSE 350 gold mining companies.

[riggerbeautz] 15/5/2020 10:08

I’ve had a nibble at EVG this morning, not much stock around at all

[bleepy] 15/5/2020 10:05

Mattjos, thank you and very much appreciated.

Aaz’s track record of exemplary managing and commitment to shareholders is as rare as hens teeth since inception.

True value always shines through at the end of the day and that day is nigh for Aaz.

[brasso3] 15/5/2020 10:04

ORPH is winning CV bingo today.

DDDD maybe next week?

[riggerbeautz] 15/5/2020 10:00

Me too Good Grief I’ll agree with you on that Tobago especially, beautiful island.

[goodgrief] 15/5/2020 09:58

Wan.... I'd love to be quarantined in Trinidad & Tobago!

[mattjos] 15/5/2020 09:53

Anyway, that's the results out the way & jolly good they were too.

Now, lets focus on the fact that Gold is over $1,700 / oz. Yes, that's right! more than $250 above the company assumptions for the year. Cash in the bank is going to keep piling up & the FCF figure is going to be mouth-watering.

& this is the year when we need to be proving up some of these existing & newer resources right under our feet so, am looking forward to some more very detailed and eye-opening reports from Steve & his team

[bumpa33] 15/5/2020 09:53

Have been adding EVG wherever I can, was a trade but curious now as to what’s going on there.

[callmebwana] 15/5/2020 09:52

RB,totally agree with your thinking.

[wanobi] 15/5/2020 09:48

I thought today was the day!?



Cheers
Wan :-)

[fozzie] 15/5/2020 09:46

Wan I can't find anything online pertaining to a relaxation of TnT lockdown so would assume it still holds. Looking strong and according to PB plenty of news to come at regular intervals over the next month or so. Those recorder logs could be the catalyst for a proper rise, here's hoping.

[brasso3] 15/5/2020 09:45

EVG ticking up. Time to fill the gap?

[mattjos] 15/5/2020 09:41

Google Earth really showing a lot of changes on the site since we visited … there is no denying that the company has been very busy at Gedabek and all around it … they are definitely drilling in new places

[mattjos] 15/5/2020 09:38

By Eldar Janashvili - Trend:

Anglo Asian Mining PLC, the gold, copper and silver producer focused in Azerbaijan, completed 2019 with profit worth $30.1 million, Trend reports referring to the company’s report.

Accordance to the report, the company’s profit increased by 19 percent on a year-on-year basis compared to $25.2 million in 2018.

The total revenues increased by two percent year-on-year from $90.4 million in 2018 to $92.1 million in 2019.

Some 82,795 gold equivalent ounces were produced in 2019, calculated using budgeted metal prices compared to forecast of 82,000 to 84,000 gold equivalent ounces.

Gold production for 2019 decreased by four percent year-on-year to 70,098 ounces compared to 72,798 ounces in 2018.

Copper production for 2019 increased by 34 percent year-on-year to 2,210 tons compared to 1,645 tons.

Silver production for 2019 deceased up to 159,356 ounces compared to 210,184 ounces in 2018.

Some 53,992 ounces of gold bullion (59,481 ounces in 2018) were sold at an average price of $1,410 per ounce in 2019 ($1,265 per ounce in 2018).

The copper concentrate shipments to the customer totaled 10,281 dry metric tons with a sales value of $16.7 million in 2019 (excluding the Azerbaijani government’s production share) compared to 7,675 dry metric tons with a sales value of $15.4 million in 2018.

The cost of gold production increased to $591 per ounce in 2019 ($541 per ounce in 2018). The total production target for 2020 is between 75,000 and 80,000 gold equivalent ounces.

“I am very pleased to report on another year of excellent performance for Anglo Asian,” non-executive chairman of the company Khosrow Zamani said. “We continue to enjoy higher precious metal prices and the company increased both its turnover and profits in 2019 with production broadly similar to 2018.”

“The company is now debt free and has a robust balance sheet,” Zamani added. “Our geological exploration program made very good progress. 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.”;

“The Group's financial position continued to strengthen in 2019,” non-executive chairman of the company said. “Cash from operations including cash in transit was $42.9 million and free cash flow was $25.5 million. The final installment of its bank debt was repaid in February 2020.”

“The Company had over $50 million of bank debt in 2015 and it was therefore a significant milestone to become debt free in early 2020,” Zamani said. “The company is committed to delivering returns to shareholders by dividends and has a target of distributing approximately 25 percent of free cash flow to its shareholders. I am therefore delighted to announce a final dividend for 2019 of 4.5 cents per share giving a total dividend for 2019 of 8.0 cents per share.”

[wanobi] 15/5/2020 09:38

many thanx Rb, no thought has gone into how to run this thread so I suppose that approach is simply a reflection of my curious nature and somehow so far it seems to work for people.... :-) Cheers Wan :-)

[pogue] 15/5/2020 09:37

Regards 4D its a known fact in the medical community that problems with the stomach can relate to issues with the lungs, I know I have exactly that, and in a telephone call last week for my annual health check the nurse agreed that whilst chatting, I have had other medical professional say that to. Sadly my experimenting with probiotics in my homemade kimchi, kefir and kombucha over the years suffer somewhat from my alcohol intake but the link is there. I am even looking at opening a business with a friend to sell kombucha there is a big and growing market there and it is no surprise to me that 4D are looking to make drugs to fix people's guts to fix their body. One of my bingo card plays.

[riggerbeautz] 15/5/2020 09:34

Wan I think you created a good platform to share, nobody generally pushes ideas on others too hard and it opens up off topic discussion which specific thread creators get very touchy about.

Kudos to you.