Anglo Asian Mining Share Discussion Threads

[wanobi] 23/7/2020 07:20

Brasso, that's a challenge for the weekend I think,,,, if I get the time :-) Cheers Wan :-)

but for now, looking at the charts for each; approx numbers are..

since Dec 18 :-
Gold 1200 to 1868 = 1.55x
AAZ 90p to 129p = 1.43x
POG 6p to 31p = 5x
PUR 40p to 128p = 3.2x
FRES 800p to 1171p = 1.46x
HOC 150p to 257p = 1.71x
HGM 150p to 250p = 1.67x
CEY 100p to 194p = 1.94x

interesting results huh :-)

and for completeness, I've cut and pasted KS's following explanation here also,,, many thanx KS :-)

Yes, it doesn't make sense, Wan. At steady state production and costs, profits before tax should be double at $1,850 v $1,200 given $600 as the AISC (the sales margin has gone from $600 to $1,250 per oz).

We are not as leveraged as some miners, due to the relatively low AISC, but should still have seen a rise to around £2 a share imo, even without improved balance sheet and exploration results... certainly lagging for one of the many speculated reasons, or otherwise.

Oh and Great Effort C'drum :-) , many thanx..

Cheers
Wan :-)

[wanobi] 23/7/2020 07:06

POG H1 :-) looks good to me :-) LOL GLA Cheers Wan :-)

23 July 2020

Petropavlovsk PLC

2020 Half Year Trading Update

Petropavlovsk PLC ("Petropavlovsk" or the "Company" or, together with its subsidiaries, the "Group") today issues its trading update for the period from 1 January 2020 through to 30 June 2020 (the "Period" or "H1 2020").

Highlights

Gold production and sales

-- A 42% increase in total gold production to 320.6koz (H1 2019: 225.0koz), including 178.0koz from the processing of own and third-party refractory gold concentrates at the POX Hub

-- A 39% increase in total gold sales to 312.4koz (H1 2019: 225.0koz) in H1 2020, including 170.9koz produced from the processing of own and third-party refractory gold concentrates at the POX Hub

-- Average realised gold price of US$1,640/oz in H1 2020 (H1 2019: US$1,286/oz)

[wanobi] 23/7/2020 07:03

also like this :-) Cheers Wan :-)

[wanobi] 23/7/2020 07:02

many thanx to bleepy on the main AAZ thread for this report,,, it's great read, even for a mining numpty like me :-) LOL, I particularly like the extract I've taken out of it and pasted below,,, the more I read about this JV the better the deal AAZ has done seems,,, to me anyhow,,,, :-) :-)

as the The Monkees once said

Then I saw her face, now I'm a believer!!!!!!!!!

GLA
Cheers Wan :-)



Mining in the Republic of Ireland

Ireland is a mining friendly and business friendly jurisdiction, which in 2017 came 4thmin the world for investment based on the Investment Attractiveness Index. This placed it above Western Australia which ranked 5th. Further, using the Policy Perception Index as a measure, the Republic of Ireland came first for the fifth year in succession

[wanobi] 23/7/2020 06:57

Good morning all, Good luck and good health today :-) Cheers Wan :-)

[mabel 123] 23/7/2020 04:47

Momentum Structural Analysis
@Oliver_MSA

I recently did an interview on
@CrushTheStreet
where I talk in-depth the precious metals bull market, banking stocks, distortion caused by tech, etc. Check it out at the link below!



Very bullish analysis on where gold and silver are going. Michael Oliver. 31 mins

mabel

[mattjos] 23/7/2020 01:42

bleepy .. many thanks for the Brandon Hill broker note. The author, Peter Rose, really does know his stuff. That is an excellent, excellent note. Not read a broker note written with such understanding and authority or a long, long time.
PDF'd and filed for the future

My instincts are that we will be hearing a lot, lot more about the Longford-Down Massif in the years to come.

[thejonah] 23/7/2020 00:34

Oh no! I've been filtered by Cii Nob! How will my life carry on?

[bleepy] 23/7/2020 00:26

@mattjos

Interesting read, Conroy broker report...

hxxps://www.brandonhillcapital.com/media/77490/conroy_gold-initiation_report.2018.final.pdf

[bozzy_s] 23/7/2020 00:19

Off topic - did anyone see the drama with MBO today? Up 1167% at one stage. 4.5p to 57p to 15.5p.

Glad I don't day trade. How many of today's buyers would've finished the day happy?

Anyone who bought at 5,6,7p would sensibly have banked 50, 100, 150 percent profits. And probably now regretting their timing. Anyone who bought in the 20s, 30s, 40s or 50s is nursing a loss. Some won't ever see their buy price again.

Can anyone remember a bigger intra-day gain than 1167%? I can't.

[bleepy] 22/7/2020 23:24

Conroy

Ipo docs list many prospective areas much akin to Aaz ipo docs. That all changed for Aaz when the ZTEM survey was conducted producing a list of 32 targets leading to 5 new discovery announcements.

Will Aaz contemplate the same for Conroy licence areas as it had them greatly excited immediately following the survey. Seems an accurate survey to target ore anomalies and pin point drill targets. And perhaps like Aaz incentivize the exploration teams on a drill and find bonus.

Aaz have the expertise and experience to rapidly classify the prospective areas toward pick n shovel stage.


@mattjos Conroy have a lot of historical data but need pinpoint technique to find the gold. From the map they suspect (like Aaz) that this area is part of a much larger system. The ZTEM survey proved its worth at Aaz, can the same be done at Conroy.

That apart it’s down to scoping, sampling and geo surveying to guesstimate the drill targets.

[cinoib] 22/7/2020 22:23

thejonah, well named filtered.
return of the apeman, check out Shares magazine online there is about 4 on offer last time I took the subs. Solar power being the best at 5 years at 12%.

[thejonah] 22/7/2020 22:06

On reflection, I was a little bit disappointed with the Q2 update and JV. Will I be selling - hell no !! We know whats down below. Fundamentals have not changed.Cii Nob, do you still hold any? If not, why do you still post here?

[pogue] 22/7/2020 21:52

Oilprice.com is finally waking up to the obvious that Biden in the Whitehouse will be bad for oil
hxxps://oilprice.com/Energy/Crude-Oil/Iran-Could-Flood-Oil-Markets-If-Biden-Becomes-US-President.html

‘.....The return of 1-2 million bpd of Iranian oil on the global market would cap oil price gains next year, a leading oil analyst said last week.

“If you have Joe Biden as president he could basically take the US back into the [Iranian] Nuclear deal and you could see a million plus Iranian barrels hit the market. These are the kind of things I think will be very important into the trajectory of oil into 2021,” Helima Croft, head of commodity strategy at RBC Capital Markets, told Business Insider in an interview last week.....’

If Biden wins the November election, he could be inclined to revisit and renegotiate the Iran nuclear deal, potentially easing some sanctions in exchange for Tehran returning to compliance under some revised form of the Joint Comprehensive Plan of Action (JCPOA).

[walter walcarpets] 22/7/2020 21:43

Silver over $23!! What a move the last couple of days.

[mattjos] 22/7/2020 21:38

This looks very definitely 'our cup of tea', imo & our experiences of similar formations in Azerbaijan should serve us well here.

The more i look, the more i appreciate how this is more than just a superficial 'engagement' of two companies looking at the mining potential here.
Conroy Management & Geologists do seem to have a pretty damn good understanding of what it is they are sat on.
Anglo Asian has extremely complimentary skillset in bringing this specific type of gold deposit into production & the processing techniques to do so profitably.

Given the relatively narrow, elongated but very deep (6,000m) structure of the Longford-Down Massif & the good grades, this looks most likely to be an underground mining operation & that will also minimise the possible local objections from an aesthetic standpoint.
If, for example, you were to compare and contrast the relative footprints of the AAZ open-pit operations in Azerbaijan to the TSG underground operations in Kamchatka, you can see the huge differential in size visible at the surface.

[mattjos] 22/7/2020 21:32

bleepy, 2sp & any others minded to do the legwork.

I would draw your attention to papers by J H Morris (1979) and to M J McMurtry (1980) with regards the Longford-Down Inlier & the Red Island Formation, specifically its original source.

You will also find this site useful "Geological Survey Ireland Spatial Resources" … load the map and from the layer list, select Bedrock Geology 1 Million + Mineral Localities.
Then you can search for Clontibret & Glenish.

Once you zoom in on those areas, additionally then select Bedrock Geology 100k layer.
you should be able to quickly find the Red Island Formation around Glenish & the Slieve Glah Formation nearby to Clontibret.


Unproven but, there seems to be plenty of evidence that we are clearly onto something:

"The wide distribution, over a strike length of about 200km, of greywackes rich in distinctive volcanic detritus is, again, more readily attributed to a regionally extensive volcanic arc source, than to spatially isolated oceanic islands."

[mad foetus] 22/7/2020 20:49

The sharp move up in the price of gold means that, whether by luck or design, the fact that we are expecting 60% of our FY production in H2 should materially improve profits.

[riggerbeautz] 22/7/2020 20:33

My 2nd largest miner ROXG inching closer and closer towards testing highs not seen for 8 years.

[brasso3] 22/7/2020 20:23

I am interested in how much leverage there was back in 2008 - 2011 with gold producers verses gold price. The gold price went from $750 to $1900 during that period and I seem to recall that gold stocks returned 5 - 10 times the leverage.

[conundrum] 22/7/2020 20:20

Brasso3,

Not quite what you asked for

The chart below shows the relative performance of the producers you mentioned over 3 years. Confusingly shown relative to the AAZ share price.

Note my chart doesn't include gold price.



free stock charts from uk.advfn.com


Not sure if that helps at all.

If not maybe the resident chartist (wan) or someone else can help

May need to use another websites charts to get what you asked for

[garichd] 22/7/2020 19:47

Hello All, Just wonder, but why all the AAZ Trades are Offbook ?

[mattjos] 22/7/2020 19:15

$1,869 was my target for this Gold move ... Apex triangulation point overnight so i now expect one last pullback to $1,800 before the more steady rise takes over. Let's see if i have it right

[bleepy] 22/7/2020 19:02

From Conroy Ipo docs..

This prospect jumps out as significant...

The Clontibret Tullybuck/Lisglassan gold deposit

The Company has completed six boreholes totalling 585m of drilling at Tullybuck/Lisglassan. Signi®cant gold bearing intersections from this programme include 12.89g/t gold over 3.34m, 10.52g/t over 2.98m, 7.29g/t over 1.91m and 16.22g/t over 1.02m. The mineralised area is open at depth, width and along strike. The Company has also undertaken a comprehensive analysis of numerous holes drilled by previous operators, including 32 in the immediate vicinity of the deposit. Almost all the holes intersected gold mineralisation, indicating the presence of a signi®cant gold bearing system which remains open in all directions. In addition the Company has also reviewed the high gold values returned from underground channel sampling of the old Clontibret antimony mine in 1957. In aggregate, this information leads the Directors to believe that Tullybuck/Lisglassan has the potential to become the ®rst major gold mine in Britain or Ireland in modern times.


Have to go out for an hour or two so continue research later.

[king suarez] 22/7/2020 18:45

Yes, it doesn't make sense, Wan. At steady state production and costs, profits before tax should be double at $1,850 v $1,200 given $600 as the AISC (the sales margin has gone from $600 to $1,250 per oz).

We are not as leveraged as some miners, due to the relatively low AISC, but should still have seen a rise to around £2 a share imo, even without improved balance sheet and exploration results... certainly lagging for one of the many speculated reasons, or otherwise.