Anglo Asian Mining Share Discussion Threads

[wanobi] 27/5/2020 13:58

One can imagine the conversation TXP had with the bank to get that loan KS,,,, ear chaps, we've got this awesome company changing data ready to release to the market tomorrow guaranteeing the future of TXP and then some when the other wells are drilled,,, paying you guys will be like shelling peas once we get the gas flowing,,, fancy lending us some dosh at no risk!!!!!!!!! LOL LOL,,, must of happened surely LOL LOL,,,,, fingers crossed, we shall see :-) GLA all holders, cheers Wan :-)

[onedayrodders] 27/5/2020 13:56

I'm out of KAT .. action poor this week considering funding news due.

Watch it soar soon

regards
reverse indicator

[wanobi] 27/5/2020 13:51

yep, tis so KS and a Golden Cross coming soon by the looks of it :-) Cheers Wan :-)


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[riggerbeautz] 27/5/2020 13:49

Ahh Bumpa, you made me check, yes you're right it was CRND.

[king suarez] 27/5/2020 13:48

Not one I hold anymore, but thought I would mention EVR been in a solid channel for 2 months or so now - looks a strong trend?

[2prsimo] 27/5/2020 13:47

wan mate - you are excellent yourself and way better than anything I could ever do. What interests me as a holder, is some chartist's are saying the gap is filled and some are a bit sceptical.

[wanobi] 27/5/2020 13:45

2Pr, very happy to hear that a proper charter believes 4D's gap has filled, many thanx for posting that, cheers Wan :-)

[onedayrodders] 27/5/2020 13:40

Nothing to see here, pass the Champagne Chuck

[onedayrodders] 27/5/2020 13:33

think gold is under pressure v short term as Wall Street are setting off celebratory fireworks today and 'were back' messages as the country very slowly starts to reopen.

All the shiny financial TV teams are pumping the same ... BUY BUY BUY ... 40m unemployed is irrelevant ... it's just like switching on a light again and all is back to normal, right.

Anyone would think the last 3 months never happened

[wanobi] 27/5/2020 13:30

4D - thanx chaps, but too early to say yet me thinks :-) we shall see , cheers Wan :-)

Rb, super thanx for the AA. heads up, cheers Wan :-)

[wanobi] 27/5/2020 13:28

many thanx KS,,,, Gold chart, hmm, hopefully it'll find support soon :-) Cheers Wan :-)


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[bumpa33] 27/5/2020 13:27

Rb - you thinking of Central Rand? CRND - mine(s) were permanently under water if I recall.

[wanobi] 27/5/2020 13:25

ACP Chart for MF, looks good to me MF :-) Cheers Wan :-)


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[king suarez] 27/5/2020 13:22

Wan - how is the gold chart looking now, still in a rising channel?

[riggerbeautz] 27/5/2020 13:08

Had to bail Mars taking penny hit.

[bozzy_s] 27/5/2020 13:05

Understandable frustration today. I had exactly the same feeling when logging in. Knew AAZ would be red. Relieved to see it was just 2p down at the time.

It's easy to forget the positives when we're in a funk like this. Just need to look at the share price chart; we've rallied from 70s pence to 140s, now back in the 120s.

The dividend will underpin the share price at ~100p. So the downside from here is minimal.

The company can go one of two ways. And whichever they choose, 125p is good value:

1) They can either have the ambition to expand to mid-tier status, while paying a very fair dividend in the meantime.

2) They can settle for steady production, bringing online just enough to replace mined out ground. Capex costs absolutely minimal as no new processing plant needed. And pay 90-95% of FCF as dividends.

I'm sure they're still aiming for 1. That brings the potential of huge share price growth as plans are revealed, equipment purchased, and new processing plants begin to run.

If they went for 2, the lack of expansion would limit the potential upside. But a steady annual dividend of ~15-20p would surely mean a share price above £2.

[riggerbeautz] 27/5/2020 12:42

Cordwainer for years I associated pog as a dog, seem to recall water issues at the mine unless I’m confused with another S.A stock; sprouted wings this year though.

[swallowsflysouth] 27/5/2020 12:37

I added on the way down in DDDD to Wan,looking at it with a mid to long term view rather than purely a cv19 play.

[cordwainer] 27/5/2020 12:36

For years i just assumed POG was an abbrev for price of gold. Unless maybe I'm confusing it with pog.

[onedayrodders] 27/5/2020 12:17

DDDD ... Not a chartist but isn't there a possible H&S around 62p just to be aware of

[c0lin1] 27/5/2020 12:16

I do but every time I drink I buy more and all my recent purchases are underwater

jbravo2
27 May '20 - 11:48 - 35850 of 35852
0   1  0
All good here.
Relax everyone.
Smile. Have a beer. Sun is out etc.
:)

[king suarez] 27/5/2020 12:04

Wan,

POG is a lot bigger/more complicated than AAZ and those results have a ton of detail in them that would take quite some time to get to grips with.

On the face of it, they look pretty decent to me and 2020 should look v good indeed. Would like to see the debt paid down now that hopefully most of the main CAPEX spend has been done re: the POX hubs. Any re-financing of the debt could be a bonus too if they can get the interest rate down a bit.

V pleasing to see Q1 production ahead of full year target.

[grupo guitarlumber] 27/5/2020 11:59

extract from annual report


Outlook

The Company achieved considerable success in 2019 but the COVID-19 health emergency has made the short-term outlook uncertain. However, Anglo Asian is now financially robust and well placed to weather the challenges of COVID-19. The Company's main priority during this period is to protect the health and safety of its staff whilst maintaining normal operations wherever possible.

The Company has over 1,000 square kilometers of land within its contract areas. As set out above and elsewhere in this annual report, the Company has a comprehensive exploration programme underway to extensively explore this land for new deposits. This programme is yielding results with the identification of several major targets at Gedabek and Gosha and the new mineral occurrences at Avshancli and Gilar. We are also extending the mineral reserves at our existing mines. We still regard Ordubad as an untapped value opportunity and work there has been promising. The Company will also consider any suitable opportunities outside Azerbaijan which it believes

can be made commercially successful.

We have set a production target of 75,000 to 80,000 gold equivalent ounces for 2020, which is a small decrease from 2019. This includes up to 67,000 ounces of gold and between 2,200 and 2,400 tonnes of copper. We are currently still on track to achieve this production target and I look forward to updating shareholders with our progress in the coming months. At current metal prices achieving our production guidance is expected to result in a turnover in excess of $100 million.

I would like to conclude by saying that Anglo Asian accomplished much in 2019. We continue to look to the future, beyond the abatement of the COVID-19 health emergency, to build on our very solid foundations to develop your Company into a mid-tier gold, copper and silver producer. Despite the current unprecedented times, I continue to look forward to 2020 and beyond with optimism.

[bumpa33] 27/5/2020 11:53

Hmm, 4D - well if they’re letting it run to reload, they’re letting it run some way - nice one Wan :)

[grupo guitarlumber] 27/5/2020 11:52

AS WITH GOLD,IS COPPER FAIRLY PRICED



And theres always the silver lining