Anglo Asian Mining Share Discussion Threads

[petomi] 23/5/2020 10:11

Mattjos, Agree with you and MF at 35707. I know nothing is certain and that you shouldn't overpromise but the prospect of only c100k geo production in a few years' time seemed to lack ambition compared with the resource poitential.

Good luck all!

[mattjos] 23/5/2020 09:55

mf, your 35707 post is quite correct.I have absolutely no doubt the company can do better / go quicker than that.The simple reality is would you commit nn million dollars to expansion until you have total clarity on PSA, other country possibilities etc etc or, would you run at current capacity, keep doing the exploration, keep open as many options as you can whilst you have the discussions in the background .. & max the divi payments while you wait.We all realise the current dynamic. As highly as I rate Bill, commentary on this situation is above his pay grade .. it's only Reza that can give the answers we want & of course he is the very one who will be bound by NDA's etc

[wanobi] 23/5/2020 09:53

4D - cv19 or no cv19 I'm excited for its future prospects,,,, ignoring the share price right now,,, higher great,,,, lower, buy more :-) Cheers Wan :-)

[wanobi] 23/5/2020 09:50

AAZ - not at all,,, there's a lot to said for gut instinct MF and we all have it and see things, interpret things, differently, which is why it's so useful to hear anything on the subject,,,,, the way something was said, the body language, the slight hesitation, roll of the eyes and so on,,,, they all say something about the thought processes going on in the interviewee's mind,,,,,, ""I'm on the spot here, how do I answer that, what can't I say, how should I come across to the audience"" all happening in the blink of an eye,,, some have great poker faces, give nothing away,,, with others, it's all there to see...... Cheers Wan :-)

I'm looking forward to reviewing the whole thing again when it gets released :-)

Like your good-self,,, I thought the 80-100 answer lacked conviction, almost a,, dam it, I knew they'd ask that!!!! type moment and the number just seemed to blurt out,,,, but I need to see it again a few times to make any judgements in my own mind....

Clearly AAZ management has been excellent so far,,, no doubt,,, so,,, if there is something happening in the background it will be more likely than not, beneficial to shareholders,,, :-)

[mad foetus] 23/5/2020 09:44

AAZ and DDDD both feel like they have blockbuster news but can't spill the beans quite yet. Just hoping one day soon we find out what it isThe difference between Bills body language in the proactive interview and in the presentation makes me think he had expected the main news to be published last week along with broker reports but it got pushed back. Probably wishful thinking!

[wanobi] 23/5/2020 09:42

many thanx pogue, I shall read that for sure :-) Cheers Wan :-)

[mad foetus] 23/5/2020 09:38

Graham at Stocko did write up AAZ yesterday but concluded by saying he didn't know what to make of it. But my original suggestion he look at it got 25 thumbs up from memory, showing that AAZ clearly has good PI following.

[pogue] 23/5/2020 09:36

Interesting article on how oil and gas companies are going to transition to hydrogen.
This ties in with what I am hearing at the large contractors I work at who have told us workers that is what we are going to be bidding on mainly going forward therefore clearly the clients, all o&g companies, must have been telling them what they want to buy.

[pogue] 23/5/2020 09:32

Wan
To be fair keeping shareholders informed is not a priority for AIM companies so they would not be breaking any trend but fir such a respected management team.., anyway something to consider. I am past caring will be reducing soon.

[wanobi] 23/5/2020 09:25

4D - COVID-19
MRx-4DP0004 Overview

Cheers
Wan :-)

[wanobi] 23/5/2020 09:25

I'm too inexperienced to know the answer to that pogue, do they or can they just get on with it and then tell us what happened after the event,,, from what I've seen of this game so far,,, the latter seems to be the way its played!! ?? Cheers Wan :-)

[jbravo2] 23/5/2020 09:22

Sells had gone through before 10am at 131.5 and 132 so get a sell away after 11am over 134 is doubtful. Depends when the order was placed I guess.
I view it to be more likely a buy but a reasonable case can be made for it being a sell.
We’ll never know and it doesn’t really matter of course.

[pogue] 23/5/2020 09:22

Wan
If they are in talks regards PSA why hide it from the shareholders? Surely they have to update us on what they are doing?

[wanobi] 23/5/2020 09:10

now then, that does lead one nicely into considering the facts in front of us and what options might indeed be going on behind the scenes at AAZ, if any,,, so here we go, I'll start the list and let's see what our combined brains come up with :-) Cheers Wan :-)

1) Plan is real, nothing else going on?
2) Plan has been constructed to minimise the potential AAZ has, downplay it, push out timescales,,,, why? To get the best PSA deal?
3) Nationalisation & game over - never, never, never?
4) Large fish in discussions with AAZ who wish to pay a sensible price, higher than now, but not too high,,, one which management will be happy with - keep the plan bland so the share price holds steady - remember Bill's comment..?
5) JV with AG being negotiated along with PSA..?
6)
7)
8)

Please feel free to throw any thoughts my way and I shall add them to the list :-)

Cheers
Wan :-)

[mad foetus] 23/5/2020 09:07

FWIW I thought the 70k yesterday was a sell. It was timed at 11something and was below mid at the time. I don't think in the scale of things it matters but it's not something to get hung up on

[gold finger 1] 23/5/2020 09:00

bozzy.
I have been watching Pure gold the last month or so, they have risen about 50% in that time. They were at the same presentation the other night. I am not interested anymore with them, their M/C is now 256m pounds. They also have about $100m debt, with those that have borrowed them the money getting 10% royalty reducing down to 5% when paid back, i think that's how it works from memory.
Another one i was watching Libertygold. M/C about 190m pounds.I am not looking aat them either anymore.

Someone said they can't see where anyone is buying here, well they are not looking in the right place. Again yesterday 70,000 shares for a price of 94,400 pounds.
Yes you would think they would raise the price to get the shares for the buyer. But there are not that many out there, and why pay more when you can get people to part with their shares lower. Its a game for them the MM's who are getting these shares for their customer. Keep the share price under check,then when news comes out drop the price,people will get worried, or bored and decide to move on to another gold miner that is moving up.
They are never going to at millions of shares as they are not available.
Most of these shares are in sticky hands, so the best way to get some is to do what they have been doing for a while now. Bore you out of your position.
I also think something big will drop one day here sooner or later.
All just my opinion.

[wanobi] 23/5/2020 08:59

aha, someuwin,,,, yep, the biggest snake on the board in this game of 'snakes & ladders',,,, not a nice thought at all :-) LOL YIKES, although Bill did say 'never, never, never' to the question of nationalisation,,, so we're all safe, right!! Fingers crossed on that one:-) Cheers Wan :-)

[wanobi] 23/5/2020 08:56

Good Morning all, Good Luck and Good Health today :-) Cheers Wan :-)

My head hurts,,,, is it the beer or is it down to the wall I've been knocking it against since my last post :-) LOL LOL :-)

[mad foetus] 23/5/2020 07:52

The other odd thing is why the company suggests it will take 2-3 years to get these new sites into production. They had them identified about a year ago, and make huge show of how they went from discovery to production at Ugur in 12 months.I honestly think they are in complex negotiations with the government and are on a go slow. So the government is getting their small share under the PSA, large amounts of dividends are being paid out, and the company isn't increasing production. If Bill is correct, production will increase from 80k geo in 2018 to perhaps 100k geo in 2024/5. Given the size of the resource, I don't believe that is anywhere near the best AAZ can do. We need clarity. Bill said he was bound by the takeover code. Meyer said we were being taken over. Now nobody mentions it. WTF!

[bozzy_s] 23/5/2020 04:43

For once I (respectfully of course) disagree Matt. I don't think it would be an insurmountable hurdle to pick up new joint brokers. Perhaps a PR company too?

Someone mentioned about investors usually looking for either a growth stock or an income stock.

AAZ could hire a broker which specializes in each.

It looks like we'll be growing again from 2022. Maybe AAZ's growth orientated broker could bring some institutional investors, reducing any loans needed to fund new mines. And of course the income focused broker can get cracking right away.

It's a judgement call. We all admire how well AAZ have done so far. Perhaps a small amount of dilution to pay for new mines would benefit the long-term share price?

GG - yes huge resource for SOLG. Can anyone think of other non-producing explorers valued above £100m?

Good weekend all. Had to double check, yes it's already the final Monday in May!

[doc_oj] 23/5/2020 01:55

@someuwin: Well I suppose the worst case scenario is one dies and their invested money multi bags. Lol, absolutely no one is immune to that and mind you that is a much more distinct certainty as compared to making or losing money but that doesn't stop any of us from investing, or does it? :)

[goodgrief] 22/5/2020 23:35

SOLG? Speculative gold stocks?When AAZ has a declared resource of...Mineral Resource of 2,663 Mt @ 0.53% CuEq for 9.9 Mt Cu, 21.7 Moz Au and 92.2 Moz Ag in the Measured plus Indicated categories.... I'm sure we'll find the share price much higher!

[someuwin] 22/5/2020 23:35

...The 'worst case scenario' with any stock is that you lose 100%.

No share is immune to that possibility. imo.

[doc_oj] 22/5/2020 23:01

@Wan: My thoughts exactly on AAZ, it just doesn't add up - it seems to me that Bill just pulled a number out of nowhere with the 100k when pressed. If it was something planned, he would have answered it straight up front rather than needing to think about it and then coming up with a number.

I suspect there are talks of some description going on, the RNS last year, then John Meyer talking about there being a buyer, then you have this rather long duration before we hear anything more and then rightly or wrongly the strategy they have put forward seems to have a bit of a void between now and 2022.

At the same time, why would they for no reason keep bringing up 'outside Azerbaijan' repeatedly. You don't talk about something repeatedly for no reason and then for Bill to say he is unable to comment on it would very likely mean that there is something to comment on that he is unable to.

Anyhow, I am happy sitting on my hands, feeling frustrated but getting at least 5% in divs, knowing my money is invested in a solid company with a great BOD and worst case scenario will take longer than my original plans. GLA!

[callmebwana] 22/5/2020 20:56

Probably because it is a UK listed Co.