Anglo Asian Mining Share Discussion Threads

[walter walcarpets] 22/5/2020 09:22

Meanwhile gold heading back up to $1750. Spitting out cash at a prodigious rate.

[onedayrodders] 22/5/2020 09:18

Pogue ... to be fair on Cathal, how can you keep quiet when you are directly asked in various interviews .."will you raise money"

I think the reply of no but never say never is the standard answer allowed re disclosure and if he refused to answer the question that would be taken as "Yes".

In addition he has angered some retail investors by continually underplaying the exit price and also hinted that shares should be traded here and there, so you cant say there weren't enough hints.

Its a big chunk of money relative to their market cap so big things on the way.
A lack of cash can mean the difference between multiple lucrative imminent contracts or not.

Just IMHO and hey I sold on Monday for 15p and been buying those back at 14p all week so I'm no genius.

ODR

[doc_oj] 22/5/2020 09:15

Unless of course Bill was also venting his frustration regarding the sp! Doubt it though lol :)

[bleepy] 22/5/2020 09:15

@Jb

Q2/agm...clarification on govt “discussions” as speculation surrounding these have been incremental in the decline of share price

[skeptic1] 22/5/2020 09:13

The 'skin in the game' argument is a good one, but that would make them seen to see a rising share price surely?

[2sporrans] 22/5/2020 09:12

doc

Agree with you about Bill's comments wrt the share price

It's not perking up this morning for sure.
Really disappointed if I'm honest.

Still, at least there's the XD in June; some tangible reward there.

[wanobi] 22/5/2020 09:10

you're most welcome pogue,,,, I must admit I posted it particularly for you as I thought you'd be interested :-) cheers Wan :-)

[skeptic1] 22/5/2020 09:09

Well perhaps that's why, for no good reason, we are down again. You'd think in this market a share such as this would be flying .

[mad foetus] 22/5/2020 09:08

I've said before, the company is top class when it comes down to everything other than supporting the share priceThere, we rely entirely upon SPAngel and believe that things like liquidity, the spread on the shares and institutional interest are factors that we have no control over. Believe me, most companies have their house broker present at least quarterly on all of those issues together with a peer group share price comparison. I just feel for whatever reason the AAZ board don't hold SPA to account

[pogue] 22/5/2020 09:07

I missed the ORPH fund raise by the time I noticed it and registered with primarybid.com it had closed! ORPH price still around 13p mind you despite the fund raising at 11p. Money to invest in the CV19 gold rush is fine but did not like the way it was done all it now means is the sale price of the company will be higher as profits will be higher.
I have down graded my opinion of Cathal Freil now though he should not have indicated he saw no fund raising happening he should have kept quiet and not reassured investors. No harm done though long term he has more money in ORPH than anyone else so will not be looking to screw investors over as he would be screwing himself.
I may buy some more today if the price goes lower.

[2sporrans] 22/5/2020 09:07

Yes, that's well put cc.

The dog that didn't bark.

There were a few questions raised wrt the PSA and CAs
but I don't think any were put to Bill by the presenter.
Was he asked in advance to filter those out?

He did emphasise how good AAZs relationship has been with the
Azerzi Gov., continuing with the latest installment but
it came across that any ongoing negotiations are very much behind closed doors.

[doc_oj] 22/5/2020 09:02

Might be wrong but I found it a bit disappointing for Bill the way he talked about the share price, completely dismissive of it being of any concern or importance to the company. Something on the lines of we will do what we do and the share price will do what it does.
Why should the share price flourish if that's the company's approach.
Now that does not concern me due to the fact that the BOD has major skin in the game but surely when you talk about shareholder value, the share price is one of them?
@crazy: thanks, I asked that. Unfortunately, It was not presented to Bill the way it was supposed to be questioned.

[crazycoops] 22/5/2020 08:58

mf, Bill said there were two new broker notes planned but I don't believe he said they would be this week - that was an assumption that we made on this board, self included. I thought last night's presentation was very good but more significant for what Bill didn't or couldn't say. Perhaps the best question I saw posed on screen that didn't get asked was, if there is so much potential at our CAs in Azerbaijan, why are you looking at other jurisdictions? I imagine the answer would have been diversification but nonetheless, I would have liked to have seen it asked.

[jbravo2] 22/5/2020 08:57

Agree entirely and I think that should be our question 1 from our “shareholder group” for the AGM as per FZs idea

[baddeal] 22/5/2020 08:55

I agree mf and from my own experience best way to reach a new investor base is to get a new broker as they will then help tap into their client base. Bod should ditch spa and retender for house broker

[mad foetus] 22/5/2020 08:47

The company does its best but I think these calls generally don't bring in new investors. It was interesting that last night's audience were mostly already invested in AAZ. Reaching out to new investors is the struggle. Really that's where SPA are supposed to help.PUR appears to have garnered some interest but they are under the radar. AAZ has gone this far with us PIs but needs either big news or broker support to break through to a wider class of investors. Bill should be in front of equity income fund managers...they need to be casting their net wider as well

[digger18] 22/5/2020 08:44

Should have read “total forecast GOLD production”

[digger18] 22/5/2020 08:42

A good presentation which was reassuring to shareholders. I would have preferred a bit more enthusiasm especially in terms of future expansion and shoring up of resources, as it all seemed a bit “matter of fact” That’s a positive in terms of stability in these difficult times, but I guess we rely on increasing gold prices and the divi attraction, to drive the SP, more so than resources and development in the short term. They keep mentioning opportunities outside the country, but that didn’t seem to spark anything extra in terms of expansion or even total forecast hold production.
Anyway, I am very happy sat here in this climate, onboard a very steady ship.

[goodgrief] 22/5/2020 08:37

Totally agree mf. It would have much more useful if the session was presented by Steven Whitehead and covered mainly the information released in the mornings RNS.

[mad foetus] 22/5/2020 08:36

The lack of broker notes is odd. Bill clearly said we would get them this week. So I can't help thinking there's something more to come

[2sporrans] 22/5/2020 08:33

RotA

You've likely read this but just in case:




Reminds me to post about Ugur Deep:

This gold drill sample:


568m deep 0.9m wide 1.745g/tonne Gold


Until the latest RNS, i'd considered the depth to render whatever gold is down there out of bounds
until such time as worked down to through the copper ad silver ores above it.
However, we now know how the resources will be mined via an access tunnel
into the flank of the hill they a sequestered within....
Drive in, dig up, reverse out.

Maybe SW's team can drill in sideways as well as above to build a 3D model
for optimum extraction.?

Looks like maybe the tunnel and passageways may be constructed in as little
as 4 months. Conceivably.
The chevrons for the development 'bars' in latest RNS mini programme caught my
attention.....so i was alert to what was posted up during Bill's Proactive
forum delivery yesterday eve.
There was a mini programme for the 5 new mines in prospect + 3 new extensions
displayed.....and i spotted the 'bar' for Ugur Deep development was only
an indicative 6 months.

[return_of_the_apeman] 22/5/2020 08:12

Please can someone point me at any grade info for the five prospects? - I am aware ugur deeps has approx 25mx350mx2% copper

Thanks in advance

[jbe81] 22/5/2020 08:12

Bumpa, whats the supply like at DDDD?

[pogue] 22/5/2020 08:11

Wan
Another interesting article it got me thinking as to how this oil price will rise and how far as it is clear that the writer is glossing over facts but it is in line with much I am reading.
It starts off with a lie the experts did know what was going on with regards the futures market this month the reason there is no dramatic shift to the negative this month is because there was less oil in ships going to port as I said here last week my oil trader friend told me that so the experts did know.
The drop in shale production is painted as something that will balance the market but very few mention how much that drop is, currently about 1.7 mbpd which is about 1.7% of pre CV19 consumption which was oversupplied by about 1.5% at that time so shale losses are irrelevant unless you assume a larger demand post CV19 than before. What is relevant though is the it means OPEC+ will regain more control of the market with less shale however the shale has not disappeared and will ramp back up when the oil price hits their sweet spot. Lack of people and equipment has been solved rapidly in the past as they pay a good rate so demand creates supply.
The conventional oil companies throttling back supply and cutting costs is just that if the oil price rises they will start producing more.
The writer believes there will be a V shaped return to the oil market I cant understand that either as that would assume industry will be just the same post lockdown whereas all I am hearing is massive job cuts and bankruptcies which in all other times has meant lower demand why is it different this time? The writer doesn't seem to answer that question or even contemplate the problem. This is all part of the narrative just now that the oil industry is trying to construct to get the oil price up.
What is going to happen I suggest is everyone with a stake in oil will keep talking up the price highlighting the positives and omitting the facts as is evident in this article. OPEC+ will initially have more control of the oil price but as the price rises oil that is shut off will comeback online, shale will probably be the last and how much will depend on who now owns the wells as a few have and will change hands. However the elephant in the room is Trump. He has a price for oil of $60ish and will do everything in his power to keep oil from going past that level by threats, sanctions etc as he has done in the past. So the recovery will happen, it has to, but will be uneven and will have a ceiling of $60 which looks good now but back pre CV19 companies and countries were suffering at that level. Without massive demand Trump will be the biggest barrier to a proper recovery. Obviously by November that could change and the oil hating democrats are in power which makes life less rosey for US oil but removes the price barrier that is Trump for everyone else so the price can be more easily manipulated by the old masters OPEC. Place your bets.
Thanks for the article Wan made me chew over a few things.
Edit
Off course the Democrats bring forward the good chance that they will let Iran back in the oil market due to the reintroduction of the Obama nuclear deal and if they really are feeling nasty kick start the bill to try Saudi Arabia in American courts for price manipulation, the Yanks have no shame when it comes to running the world how they want when they want. They are allowed to manipulate oil prices not anyone else lol
Oil has so many moving parts its a nightmare to predict anything and all of the above could be completely different in 6 months time.