Anglo Asian Mining Share Discussion Threads

[wanobi] 11/6/2020 14:12

aha, thanx for the heads up on that Brasso3,, hope its good for both sets of shareholders,,, :-) cheers Wan :-)

[kickingking] 11/6/2020 14:09

Hello bwana I hope your doing well in Cyprus. A question for you. if you wanted to invest 5k today at today's prices would you put it in POG, PUR or TSG? I know with both hold these shares.

[brasso3] 11/6/2020 14:09

Merger between CERP and BPC. Not sure who has been ripped off in that deal.

[wanobi] 11/6/2020 14:06

all part of the game jeanesy, you win some lose some,,, so long as overall you are making money it matters not :-) chin up, there's always another opportunity out there,,, however, right now we are in risk off mode again so I expect a lot of my LTH's will be sold/marked down in the short term,,, as for cv19, right now I only hold a free ride in AVCT & 4D which is down big,,,, but, with good reason to be, so no worries there longer term provided one of their targets comes off :-) Cheers Wan :-)

[kickingking] 11/6/2020 14:04

Hi I was doing a Google search to find out about todays vox with Alistair of avacta and a web page came up from 2011. We're you in avct at that time. I didn't bother reading the thread. If you were then you a probably the first who knew about this company on this thread. Sorry to here you have given up all hope on all covid shares.

[wanobi] 11/6/2020 14:02

hi cmb, I'm out of AMC at the moment :-) Cheers Wan :-)

[jbravo2] 11/6/2020 14:01

Agree wholeheartedly don

[jeanesy] 11/6/2020 13:56

Well i decided to dump all my COVID punts today. I have kept DDDD,which is not really a COVID stock I know. Lessons learnt. Lost money on all of them . Sticking with what I think I know about. What a numpty I am !!

[callmebwana] 11/6/2020 13:53

Doc60, thanks for the AMC RNS.

Wan, do you still hold or did you sell out ? I know Brasso is still a holder there. The resource is massive there too. Can't really put a full valuation on it as 2018 drill results are not fully told to the PI's !!
TEO is a Russian version of a DFS in the West.
TEO is supposed to come out in the Qt4 of this year. I bet it is a Chines Co.That will agree to a offtake agreement,hence RY wants more shares. I will just have wait and see how things pan out.
ATB.

[bleepy] 11/6/2020 13:52

Ordubad exploration – notable intersections in 2019

Dirnis and Keleki drilling results

Drilling results from both Dirnis and Keleki, published in 4Q’19, returned some very significant intersections.

From 10 drill holes published in the Hardman report the following gold grades were...
1)203.89 g/t
2)10.16
3)8.76
4)7.23
5)0.03
6)126.61
7)158.80
8)86.06
9)249.17
10)139.56 g/t

Very significant grades is putting it mildly and with $1ml+ already spent on exploring Ordubad and satellite imagery formatting the layout.


Although no specific mineral target is yet to be identified for bringing into production, the “Strategy Update” from 21 May 2020 was unsurprisingly upbeat about Ordubad’s prospects,

Source: Anglo Asian Mining
“the region is considered very prospective, hosting a large number of gold and copper mineral deposits. The current geological model being tested is that of the possibility of a large porphyry system. This is supported by the presence of operating porphyry mines in adjacent countries hosted within the same mineral belt. The NHM team, following their visit to Ordubad last year, stated that the potential indicators suggest that the geochemistry of the region is favourable for porphyry formations. A targeted programme to evaluate the highest priority assets to commence production in Ordubad will be the next stage of development.”
9 June 2020

[lefrene] 11/6/2020 12:24

goldrush, I assumed that they held no stock at all if they could help it? I've never seen a dealing desk, but presume they can see what is being offered for sale, and can see what is wanted by buyers, and swiftly hit a couple of keys to buy and instantly resell. Or that is perhaps how it was done 20 years ago, and now they sit watching a computer do it for them?

If we are going into a major leg down, then we might see sales here as some players will need liquidity, hopefully followed by a surge in people wanting the security of gold. So the MM's dial back the parameters of the computer?

[goldrush] 11/6/2020 12:16

lefrene

Re the MM's and their exposure....similarly if AAZ comes with some very good news/Merger/Azergold/Contract Area extensions etc they have room on the upside to not get burned from the demand for the shares....and that they end up selling too many and not being able to get them back....IMHO

[gold finger 1] 11/6/2020 12:08

You seem to ask and answer your own question why the spread is so wide.
It stops people from buying.
They have a buyer they are selling to a prearranged price, so as soon as the seller comes in they drop the bid. They don't want anyone else coming in to take those shares. Well that's how i see it.

With such few shares out there any volume would soon move the share price up.

[lefrene] 11/6/2020 11:59

Cinoib, I see the widespread as the MM's being reluctant to expose themselves to risk.
They don't want to get stuck holding anything without a safe margin, and today is a down day across most of the market, and it could get worse.

[onedayrodders] 11/6/2020 11:49

US Debt has now surpassed $26 Trillion but hey they prefer to talk about the Nasdaq record highs



It took 20 years for the first £2 trillion in debt to be reached .... the last $2 trillion was added in just 2 years.

Got gold and silver ?

ODR

[cinoib] 11/6/2020 11:46

leefrene, wish the MM's would take the same attitude as 1 10k sell and the bid drops 3p and back to 10p spread. When I first held this the spread was 1p when th share price was in the low 20's. With most stocks as the share price moves up the spread reduces, seems the opposite here.

[lefrene] 11/6/2020 11:40

m-f, the management style is to under promise and over deliver, why make a rod for their own back and then run the risk of disappointing? If the resource is there they will in due course extract it.

In the meantime I get the feeling that the markets are about to go into the second leg down. The narrative of the Covid thing has now been pumped up by widespread riots, so the collapse is nothing to do with banks gambling, but is down to a nasty flu bug, and widespread riots. Gold feels even more like the best place to be.

[polaris] 11/6/2020 11:35

Well at least some minor sense returned to the US markets yesterday and through the Far East session. That's a nice 1 k points banked this morning on the short side. I was beginning to think i was living in another universe with the rises in the DOW.

Gold has rallied along with gold stocks that have a high volume. I've just banked some short term trades in CEY this morning too for 10 % share price increase, so 50 % return on margin employed in 3 days. The lack of volume is really hurting AAZ. Over the last few months i have moved quite a lot of margin out from AAZ into more liquid gold stocks. That has allowed me to trade with that margin more effectively while the price here has rather stagnated, mostly down to the stupidly large spread.

Traders need small spreads to operate. I tend to hold core AND trading holdings but, under current market conditions, have much more of a weighting towards short term trading, as the volatility is high.

AAZ has been kind to me in the long term trades but i am itching to employ some more of the margin elsewhere. I must admit that i expected the share price to back in the mid to high 100s given the results, exploration update and known trading in 2020. Yes, i would have been cashing a good part of the remaining margin around the highs of last year.

AAZ sits in my 'don't quite understand what the market is doing/seeing' list of stocks held. I don't have many of those: AAZ and TSLA are the only two in that category now, for very different reasons. I have quite a few on the watchlist in that category, mostly as they seem to be full of hot air - CWR, Nikola, Lyft, FEVR...TikTok grey market re possible IPO..

I strongly believe that the US has made a grave mistake in pushing for reopening states. I hope the UK government fight all the calls to reopen here for holiday season, despite the effect it will have on the economy. How many deaths are acceptable collateral damage? That seems to be where we are now.

[mad foetus] 11/6/2020 11:25

I think that's an obvious question for the AGM: whether producing 250k pa from Ordubad within 24 months is feasible and if so, what's stopping us?

[bleepy] 11/6/2020 11:24

And, whilst we observe mr market respond to the latest tweet via the speed of light algos and 16yr olds pressing computer buttons(Lf), Aaz is nearer than ever of becoming a mid tier miner.

[goldrush] 11/6/2020 11:11

bleepy1

Thanks for highlighting that section from Behre Dolbear 2005 Admission Document re Ordubad.

With Azergold adjoining our areas there it makes sense for some sort of J/V for Ordubad.....even 50% of 250k oz per annum would firmly start to get us up to our mid tier ambition.....IMHO

[mad foetus] 11/6/2020 11:04

250k Oz within 24 months. Just do it.

[lefrene] 11/6/2020 11:03

Back then Bleepy it sounded like a typical AiM stock! :¬)

[bleepy] 11/6/2020 10:53

We have come a long long way since initial declaration in Admissions Document, July 2005...

2. Summary of resources
In Behre Dolbear’s opinion, the group of properties covered by the PSA constitutes a potential source of copper and gold of world-class importance and is in the pre development stage. The Directors believe that Anglo Asian has one of the largest undeveloped gold properties in Europe or Asia.
Since 1960, Soviet and Azeri exploration activity included mapping, sampling, trenching and underground exploration and Behre Dolbear believe the data generated by this work is generally reliable, reasonable and meets the criteria for Inferred Resources. In its summary of accessible ore resources, Behre Dolbear reports 2.4 million tonnes of copper, 7.2 million oz of gold and 28.1 million oz of silver. In addition, Behre Dolbear estimate that an additional 10 million tonnes of copper and 45 million oz of gold could potentially be present at the properties. The table below is a summary of Behre Dolbear’s tabulation of Anglo Asian’s gold and copper resources in those properties within the Primary Contract Areas reviewed by Behre Dolbear.

Proposed Development plan: (July 2005)

• to construct a mine and plant at one site (Pizyazbashi, Ordubad) with the expectation of producing gold at an annual rate of 250,000 oz within 24 months of Admission (assuming the successful outcome of the fast track feasibility study).


Re-reading the strategy update of 21/5/20 alongside the Hardman report(btw, thanks to Mattjos) in relation to Ordubad Prospect it was evident 15yrs ago the potential within that acreage and bearing in mind that Ordubad was the preferred start up site for a mine.
Fast forward 15yrs and the Ordubad jewel is in the polishing process. And we have Stephen Westhead’s nose leading exploration with modern technology and satellite imagery.


And that’s just Ordubad folks with directors 15yrs ago believing they had one of the largest undeveloped gold properties (Gedabek, Ordubad and Gosha) in Europe or Asia that constitutes a potential source of copper and gold of world-class importance.


And with the best source of research right here on this board, a fuller picture will emerge of the presently unfolding potential of the 3 properties and Anglo Asian Mining as both are world class.