Anglo Asian Mining Share Discussion Threads

[onedayrodders] 16/5/2020 19:27

With Silver showing signs of the shackles finally coming off, IMPACT SILVER (IPT:CVE) are well placed and highly leveraged to the silver price.

share price now C$ 48c and up 10% on Friday and Mexico are opening up again for miners ...

hxxps://abcnews.go.com/Health/wireStory/mexico-reopen-construction-mining-auto-manufacturing-70650669

Could be a good time to take a position.

ODR

[mattjos] 16/5/2020 19:04

Dan .. feel free to ask any questions you want. I have no doubts that you will get answers from more than one person here to help in your decision-making

[lefrene] 16/5/2020 18:56

Ah jaspoland, if only the incumbents of the FED actually had to go out and sweat and toil in a filthy mine, instead of just tapping a few computer keys and lying like politicians. AAZ actually earns money, real money, whilst the remittance men of the FED steal wealth from the American people.

[brasso3] 16/5/2020 18:55

Thanks to Moneymunch on the EVG thread:-

Evgen Pharma, a drug development company, saw its shares shoot up 17 per cent, or 2p, to 13.75p as it confirmed it was in discussion with a 'potential source of funds'.

It is hoping to bag some money to explore whether its SFX-01 drug, being developed to treat some forms of cancer and containing compounds similar to those found in broccoli, could work to treat Covid-19.



Bulletin Board Heroes - Video ReviewToday 16:10

Review #BulletinBoardHeroes Part 2 @ZaksTradersCafe

Braveheart Investment Group #BRH
Evgen Pharma #EVG
Ekf Diagnostics Holding #EKF

[jaspoland] 16/5/2020 18:37

I'm encouraged by the new names appearing on the board, welcome all. Maybe an indication investors are now looking into gold miners, good timing.
Hopefully the news due next week will highlight how cheap AAZ are. I'll be brave and suggest we might finally see $1900 gold next month. Would be nice if that coincided with AAZ reaching £2.

Hard to believe 5 years ago we had $50 million of debt. You could compare AAZ with the FED in that both are printing money at a rate of knots. Next few weeks are going to be very good to us IMHO.

[the stigologist] 16/5/2020 17:46

Worth a re-read of the Avacta statement. Basically saying to UK Government and UK Global Pharma players our tech could really be a unique countermeasure to covid19. Come and help us take this forward. (Now we have a UK Govt Minister asking people about Avacta on Twitter!)

[droyden] 16/5/2020 16:57

I have iweb, but due to convenience rather than anything. I recently opened an IG account and have to admit their platform is looks very pretty, can't say for their brokering as I have not made a deposit yet.

[dan_the_epic] 16/5/2020 16:56

Excellent points Mattjos. I only own one other gold producer but will buy some AAZ next week after some initial research last week. My approach feels similar to yours. Forget pure explorers and go for the cheap cash cows. If I have some questions on AAZ mind if I post here tomorrow?

Even with gold where it is, this is beating most stocks hands down on the yield.

My other producer is Hummingbird which doesn't have as stable a jurisdiction as AAZ but I'm fine with it. It feels similar to AAZ in many ways and worth a gander if you can be bothered

[waterloo01] 16/5/2020 16:47

Thanks for the welcome and further thoughts.

I'll need to get my head around that one as I'm not sure I fully follow around LOM.

The value of a longer LOM seems significant on a number of fronts, especially where you are dealing with an active producing mine.

Apart from valuation implication of a longer LOM, you also have longer to write stuff off and increase profits.

Given the drilling AAZ are doing, it would seem it's less about the ability to achieve a longer LOM, but the governments willingness to give out longer leases and at what cost.

I might be barking up the wrong tree on that?

[mattjos] 16/5/2020 16:32

Dan … i am unaware but, given their track record of forecasting AAZ, i doubt it's worth making effort to acquire.

I unashamedly maintain that this thread is the single best repository of information regarding the company. Just as the BOD, our combined investment in the company represents a large amount of 'skin in the game'.
Unlike SPA (or any other Nomad/Broker) we are motivated, willing and able to do far more research into one single company & share it here. The SPA team are not invested in AAZ & their resources are far more thinly spread across their stable of listed companies.
This is the advantage we have as PI's and why the ADVFN forum is so good

[mattjos] 16/5/2020 16:30

Welcome to the company & the thread waterloo01.

Yes, you've hit the nail on the head. Despite the company never having had a long LoM, it has always managed to replace reserves at same rate/faster than their rate of depletion so, despite the track record, the market is still anxious about this point just now.

It is worth bearing in mind that the BOD are firstly business people and secondly business people running a mining operation … there is a bid difference & at last year's AGM John Sunnunu & Reza Vaziri explained how shocked they were at the very poor standard of commercial/financial competency in the industry generally.

As an example, since most mining 'spreadsheet' valuations use a simple 10% Discount Rate on future cashflows from projects, why spend more on exploration 'today' than is necessary to prove a 10 Year Mine Life into the future?

Any monies you spend today on proving up Years 10+ onwards, are wasted in that the Discount process affords those 10+ years LoM as having zero value.
If you've got the cash now, spend it on something else, preferably something productive & earnings enhancing.

If you read around so many other junior miners RNS streams, they all seem to be obsessively spending on trying to prove up monster reserves many, many years into the future but, they never actually get busy with profitable mining today!
This constant barrage of junior miners RNS's is probably what has conditioned the market to expect/demand same from all miners & hence why the AAZ approach fails to elicit the normal pavlovian response.

If the difference is we have to live with a 'shorter than average' LoM but, the trade-off are profits, free cash flow and dividends … mmmm! Let me think about that for a nanosecond …. I conclude I'm happy with the AAZ approach.

The other thing that is clearly going on in the background is a certain amount of shadow-boxing between AAZ & Govt but, that has been the case for a long, long time now & I think we should conclude is simply the way things are.

[brasso3] 16/5/2020 15:21

Thanks Matt

Its nice to be reminded what the prize is all about.

It is easy to get frustrated here but there is a process and its been going on a long time and hopefully Reza is going to realise the potential.

[dan_the_epic] 16/5/2020 15:11

Does anyone have the latest share price angel revenue and ebitda forecasts for 2020 pleasE?

[waterloo01] 16/5/2020 15:10

Mattjos, many thanks. Your posts are most helpful, and an insight as a relatively new investor.

On my cursory reading of the company, without understanding the geology. it seems to me that the key issue holding the stock back are the ongoing negotiations with the government in terms of the mining lease and as such LOM.

If that can get sorted on reasonable terms, it would give me and I suspect others, a lot more comfort re the investment and potentially increasing it.

Being debt free and generating cash and the sector, is what attracting me but to get more serious, the above needs clarified. IMO

Cheers

[homebrewruss] 16/5/2020 14:56

Mad, I'm interested in this too. Agree on HL, I also have iweb (Halifax/Lloyds) who are cheap and ok ish but wouldn't really recommend.

Apparently Killicks are good if you need to speak to someone regularly, I think CR used to use them.

I'm also interested in opinions on IG. I use them for speadbets but would be interested to hear anyone's view on the share dealing/ISA platform.

[mattjos] 16/5/2020 13:48

I Believe Behre Dolbear were absolutely correct when they summarised:

"Behre Dolbear believes the potential of the overall project is significantly greater than is represented by the numbers in Table 1.1. Our estimate, as detailed in Section 5.10, is that an additional 10 million tonnes of copper and 45 million ounces of gold could possibly be discovered on the properties. At Gedabek, for example, the potential to find both high-grade lenses of massive sulphide and large areas of disseminated mineralization in silica is considered excellent. More importantly, the large area of high-sulphidation mineralization suggests that a large porphyry system could be located nearby. At Shalala, another example, the ultimate potential may be ten times that shown by the estimates; and in the Piyazbashi area there is excellent potential to discover a large, high-grade gold deposit. Recent sampling by Behre Dolbear supports the upside potential estimated for the properties. For example, recent grab samples in the Piyazbashi alteration zone, over two lengths of 200 metres, averaged 12 and 11 g/t Au.
In Behre Dolbear’s opinion, the group of properties covered by Anglo Asian’s Production Sharing Agreement constitutes a potential source of copper and gold of world-class importance."

[mattjos] 16/5/2020 13:39

"There are profound exploration implications in the correct understanding of the staged alteration and mineralisation associated with polyphasal porphyry emplacement. For instance, magnetic signatures are governed by the overprinting of prograde magnetite by demagnetising retrograde alteration and many IP chargeability anomalies are derived from barren pyrite related to phyllic (silica-sericite-pyrite) alteration and not mineralisation.
Most importantly, zoned prograde potassic-phyllic alteration and the presence of sheeted B or D veins may be used as vectors to explore for blind porphyry targets.

[mattjos] 16/5/2020 13:29

spider et al ….. use this link:

[mattjos] 16/5/2020 13:24

Yup, you've got it bleepy. It is potentially much, much bigger than i have ever before appreciated. No wonder Steve & Farzhang & the rest of the team are so excited!We have a cracking team on the case & we should not forget the huge benefits that John Monhemius brings.It is looking like a huge porphyry copper-gold deposit in an island arc & we are just nibbling on both HS/LS epithermal deposits at the margins. UGUR is a sediment host that has been replaced with Au and Ag.These are the sort of finds that Geologists and miners dream about.

[mad foetus] 16/5/2020 12:53

I think the description was of a skull with two horns and at the moment Gedabek us just scratching the top of one of the horns. How deep the skull is I don't know

[bleepy] 16/5/2020 12:51

Mattjos, I’m still reading and digesting the link to docs you posted earlier in the week.

Suddenly realizing the link between LS/HS (low sulphidation / high sulphidation) and the Porphyry Cu/Au below.

The Gadir Bittibulag fault line seemingly dividing the LS/HS ore type.

And with the reference to the Hardman report you posted(below), pieces of the puzzle are finally falling into place.


Hardmann concluded same in their report & Steve scents it also:


"In our opinion, the classification of Gedabek open pit as HS-epithermal, the nearby LS epithermal mineralisation at Gadir and evidence of porphyry are likely to be indicative of a much larger mineral system. The HS/LS-epithermal mineralisation is probably the upper part of a system, which is linked at depth with porphyry mineralisation in a way similar to the illustration by Impact Minerals below (ignore references to its deposits).

We weren’t surprised (with hindsight), but as we combed through the technical reports on AAZ’s deposits, we realised that the issue had already been exercising the minds of AAZ’s management, notably the Director of Geology & Mining, Stephen Westhead. The following comment and related diagram from the full resources report for Gadir were left out of the RNS announcement in March 2019.
“The discovery of Gadir and it being classified as LS-type, in addition to the other known mineral occurrences and deposits of varying mineral content in the Gedabek Contract Area, lends support to the existence of a large regional mineral-forming system.”


The relevance of the prospect being of world class importance is now hitting home and as you say staggering.

[spidertricks] 16/5/2020 12:41

That link has expired Matt. Who ever owns that S3 bucket needs to re enable it.