Anglo Asian Mining Share Discussion Threads

[lefrene] 23/6/2020 10:09

I find these two snippets the most intriguing, and look forward to the meat being put on these bones.



"We are working together to maximise the benefit of Azerbaijan's abundant natural resources for both parties."

"However, the Company has been actively investigating several opportunities and negotiations are at an advanced stage for one potential joint venture. I look forward to making further announcements about this shortly when the negotiations are concluded."

[skeptic1] 23/6/2020 10:09

Is there anywhere to watch the AGM? Is it being streamed?

[bo doodak] 23/6/2020 10:08

It would appear the JV must be as good as agreed, as the usual sentence along the lines of ''however there can be no guarantee'' is conspicuous by its absence.

Wondering if it could be a JV with Altyn to develop the Teren-Sai deposit, although there is the Assaubayev factor that might be off putting. There is the BM connection, although he was there pre purchase date of Teren-Sai. Likely way off though.

[riggerbeautz] 23/6/2020 10:05

To be honest Wan I half expected a sell off day today, Reza said more than I expected on the Azeri discussions, some people still won’t accept mine life or PSA extensions until it is absolutely detailed in an RNS but I don’t think Reza could have made it any clearer the government are onside and supportive.

Holders of any length know the background and connections of the board, we are in safe hands in my opinion and as I’ve said before, I’m happy collecting a very healthy dividend myself. So today’s AGM RNS was a positive message and delivered ina manner that saves me a headache this year ;))

[farukequity] 23/6/2020 09:50

Comments from mad foetus are exactly right. AAZ used to be large part of my portfolio across ISA, spreadbet and SIPP accounts for well over 2 years. I now only hold in SIPP, having sold ISA and spreadbet positions in early May, due to mainly two reasons:- lack of momentum in the share price and no clear short-term growth catalysts- underwhelming production guidance (how & when will AAZ produce >100k ounces?)AAZ is a great long term hold for me & I will happily collect solid dividends - but that's SIPP strategy where I have all the time in the world.For other accounts I'm looking for quicker growth and it's been easier to find it elsewhere. I have for example put big chunk of AAZ sale proceeds into PUR, which has done very well indeed. After today's RNS, AAZ, it feels like momentum will start to build again so I'll be looking to but back in reasonable size again soon

[mattjos] 23/6/2020 09:49

Big thank you to Reza Vaziri & the Board of Anglo Asian Mining Plc.

An 'open letter' to shareholders and to the market that tackles investors concerns head-on. Virtually unheard of in the markets & the gravitas of the Board membership throws additional weight behind the response.
I doubt many here truly appreciate the importance of such an 'open letter' unless they have a legal background. This letter will have occupied a significant amount of management time to compose, on top of prep for the AGM and everything else they have on their plates just now.

We could not ask for more from the management. They have listened to investor concerns, taken them seriously & responded with honesty & as much openness as commercial sensitivities allow. Excellent. Once again, head & shoulders above the vast majority of detritus listed on the AIM market

The market is the market and there will always be some traders who are happy to skin thruppence a trade from week to week or, gradually increase their holdings by such actions - nothing to be read into that whatsoever.

I feel confident that the trend will resume upwards from here onwards, particularly as management are clearly still very focussed on growing the size of the business.

Thank you to the Board of Directors.

[cinoib] 23/6/2020 09:46

After reading the bullertin, it makes you wonder if we had some bad news would they be buying in and pushing the share price skywards, as it seems they always even when the news is as good as it gets. Taking a profit on a few for trading is one thing , but it seems that some must have bottomless pockets as am sure they haven't held for long and the spread is about as off putting as it gets to a trader. Time is on my side as I don't have to pay anymore big bills for sometime. Will sit and wait and trade the others for pocket money whilst I wait. I still believe gold has a ways to go yet.

[someuwin] 23/6/2020 09:43

BUR - great recovery play...

[wanobi] 23/6/2020 09:43

not if the JV turns out to be a TO :-) LOL LOL,,, who knows,,, stranger things have happened :-) GLA Cheers Wan :-)

as for the GAP Rb,,, so much happier it's gone LOL LOL

[pogue] 23/6/2020 09:39

GG
Yes John Meyer at share price Angel, I will remember in future to treat anything he says with a pinch of salt, ramping barsteward.
cheers

[mad foetus] 23/6/2020 09:38

I've got lots of EML too and they are quite an instructive comparison. In some ways, paying a dividend sends out the message that AAZ is past its growth phase and is a steady, 80k producer with limited growth prospects.We know that there are lots of opportunities to increase production but the company hasn't spelled them out. I think that is the key to getting the share price going. With EML, there is risk but a clear path to glory. With AAZ, there is no risk but the path to expansion is always obscure. We know Ordubad is huge, we know AAZ can bring mines into production quickly, so why was Bill saying production by 2025 would be - what was it? 80-100k - after all the new strategic developments took place? We need to see the path to mid tier status.

[riggerbeautz] 23/6/2020 09:34

GoodGrief we agree on that one.

Wan that’s a relief lol

[ilostthelot] 23/6/2020 09:32

I agree mad foetus. My largest holding is aaz it is over 50% of my pf. I sold a few shares in May and bought POG and EML with the proceeds
, which now have a decent profit while aaz has traded side ways.

I will say I hold here for all the reasons I always have held. This for me is now a much safer investment.

Looking forward to that catalyst and of course 3.6p of dividend.

What is the catalyst likely to be?

Jorc news.
Or that nugget about a JV coming to fruition.

Potentially confirmation of another 10years at Gedabek... (I know Reza has said it and that's good enough for me)

News on starting the build of the new mines.

Government talks might actually come to something meaningful.

[jbravo2] 23/6/2020 09:27

I’m not sure brasso, perhaps I’m reading too much into all the trading chatter
I’ve only really ever been good at the buy and hold bit
And really I’ve only ever been great at that once.
Good job it was a really really really good un

[mad foetus] 23/6/2020 09:14

AAZ is much my biggest position but the share price has done nothing for 12 months. So yes, there is a huge amount of value unrecognised, but it needs a catalyst.Those who don't understand why people are selling - and I'm not btw - should understand that. If you had sold AAZ a week or so ago and bought POG, you would have made 15-20% profit. If you had done that in December, you would have tripled your money. So it is not totally illogical to think "I'll buy something that's already had the catalyst and try to get back into AAZ before/when the catalyst arrives here".Its all about the catalyst. What will it be, what effect will it have, when will it land. But those who have been impatient over the last 12 months have probably made better returns - so far - than those, like me, who have been patient. It's the "so far" part that is key.

[wanobi] 23/6/2020 09:14

AAZ - all good, opening GAP UP now closed,,, that makes me happy for any future rise from here :-) GLA Cheers Wan :-)


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[brasso3] 23/6/2020 09:12

JB

Why would anyone trade this over the short term? The spread makes it very unattractive for trading.

[skeptic1] 23/6/2020 09:08

Selling after that RNS and in advance of the AGM. Wowzers.

[jbravo2] 23/6/2020 09:07

@brasso
Someone trading for small gains again
Inevitable of course but it is a small part in the change in volume and sentiment we’ve seen here over the last few months
Such is a “market”

[lefrene] 23/6/2020 09:05

Brasso3, I don't get it either, what are they going to do with the proceeds?

[mad foetus] 23/6/2020 09:03

Anyone know how answers to the questions posed for the AGM are likely to be communicated?

[brasso3] 23/6/2020 09:03

I would love to know what kind of individual sells shares on the back of that RNS.

[goodgrief] 23/6/2020 08:54

Wasnae me!

[goodgrief] 23/6/2020 08:53

IMHO all this talk of there being a background buyer is just a load of speculative bull. Just the usual churn in AAZ shares.