Anglo Asian Mining Share Discussion Threads

[2sporrans] 23/7/2020 11:54

rota

Spot on about the JORC report delay.

From the 2018 reserves article - on the AAZ website - i've referred to a good few times
over the past week [This span out of the summer 2018 JORC for the main pit]:

"2.3.Site Visits
Datamine consultants developed and audited the Gedabek Mineral Resource BlockModel for the Gedabek open pit.
Datamine engineer, Kayvan Samadani,worked on the reserves and was able to verify work practice and procedure.
Kayvan has completed more than twenty trips to Gedabek since January 2014, comprising of more than 100 days onsite(38 days as part of this Reserves run).

...................
.......

"The CP, Dr. Stephen Westhead, is an employee of the company and as such has been in a consistent position to be fully aware of all stages of the exploration and project development. The CP worked very closely with the INDEPENDENT [ts-CAPITALS] resource and reserve estimation staff of Datamine, both on site and remotely, to ensure knowledge transfer of the geological situation and to lend geological ‘credibility’ to the modelling process."

Datamine are the independent 3D/4D resource modellers hired by AAZ; they are key to
the generation of JORCs.
They are not based on site, as the above makes abundantly clear.
Their numerous site visits, to further their resource database and other work that
makes up the forthcoming JORCs for main pit + Gadir have been compromised by the
virus related strictures in place the past 4 months or so.
Those will be the national lockdown ones, AAZ's and Datamine's own.

[brasso3] 23/7/2020 11:33

New ECR interview out later this afternoon. Maybe some progress...

[katsy] 23/7/2020 11:18

Anything at these levels are a bargain, PE of 9. Horse, gift and look

[return_of_the_apeman] 23/7/2020 11:06

Jorc was delayed due to covid restrictions preventing 3rd parties from getting on site / into the country

Am expecting the jorc to be published in august and we know it will significantly upgrade the resources

[pogue] 23/7/2020 11:06

POG I sold at 30p and am still happy with that there is still uncertainty and in Russia that's a dangerous thing, in the UK I would assume everything would be solved and fundamentals prevail. I re invested the money in other gold and silver companies and bagged a nice 30% or so profit in POG, in the end its profits in the bank that count others can disappear.
My punt amount at 29p was put in for a short term gain as I felt short term gold price would trump internal politics, probably not holding for the vote as I am not sure which way it will go, will reassess nearer the time.

[brasso3] 23/7/2020 10:48

ECR nudging up. News soon?

[riggerbeautz] 23/7/2020 10:47

No position in POG but if I held, I’d be taking the safe option until it clears up too.

[qazwsxedc69] 23/7/2020 10:45

KS - I'm exactly the same as you - sold between 27-28p having built a decent stake averaging 11p. Still wouldn't touch it with a barge pole at the moment though and I would question those that do - too much going on and too complicated, and thats only what we KNOW about.......

[gold finger 1] 23/7/2020 10:38

Baddel

Well do you really think that JORC which was due many months ago should have been held up for so long.

Do you really believe that gold has gone up $440 and the share price has not moved normal.
Can you really say that every and i mean every RNS has been that bad every one has seen a drop in price?
Also have you not thought it strange that the amount of large stock being sold and bought.

Well if all that's a pipe dream its a very big coincidence.

But we are all entitled to our opinions, and how we see things.

[wanobi] 23/7/2020 10:35

thing is KS, the next time you're in doubt and get out it might just save you a packet,,, so nothing wrong in what you did at all,,,,, understand how you feel though,,, PTAL was the same for me LOL cheers Wan :-)

[king suarez] 23/7/2020 10:31

Feel a bit of a dummy selling my POG shares for around 27p, but felt uncomfortable with the risks. More angry really as I wanted to hold and these boardroom shenanigans p1ssed me off as it just put a great deal of uncertainty into the mix of what felt like a straightforward easy investment decision previously. Still keeping my eye out to see what happens at the next meeting, as a learning experinece if nothing else..

[gold finger 1] 23/7/2020 10:27

jaspoland

i can tell you now the market makers have held this back for one reason and one reason alone. A controlled transfer of stock.
I can't believe more people have never picked up on it.
You only have to look at the facts.
Same share price as one year ago. Gold up from 1424 to todays price of $1882.
Every RNS has been met with a drop.
Well if you cant see the share price has been being controlled i can.

[baddeal] 23/7/2020 10:25

Gf1 your speculation around buyer and seller is a pipe dream. Companies don't watch share dealing, they pay little attention to who is buying and selling on a day to day basis and they certainly don't plan their news flow on such a basis. Yes they watch who the main holders of stock are but to think the bod sit there and take decisions around news flow and stock trading is rubbish. And yes I do have some experience in this as I used to run a plc.

[ilostthelot] 23/7/2020 10:21

Yip.. Get your divi in now before it breaks the dreaded 140p!

[jaspoland] 23/7/2020 10:06

Just thinking about H2 for a minute. AAZ need to do 42k in H2 to match guidance. If they did that at $1800 that's 75million turnover. Looking back at full year results we did 95million for the whole of 2019. The heaps should be easy work as well allowing them to concentrate on more exploration.

If they pull this off then the market has completely got this share wrong. Over to you AAZ to prove them wrong

[katsy] 23/7/2020 10:03

Looks like our seller is still there, tracking and matching any large buys. Whoever they are they can't have a limitless supply

[gold finger 1] 23/7/2020 10:01

crazycoops

Well they may as well include the most undervalued gold stock out there also.

[gold finger 1] 23/7/2020 09:54

This management is top notch.
They have been getting low grade gold out the ground in the first half of the year,when prices were good. Now we are into H2 and we are told production will catch up in H2. So producing more when the price will be a lot higher.
That is what i call great management.

[crazycoops] 23/7/2020 09:50

I see AAZ has been included in this week's feature article by Shares Mag - "20 small caps where analysts are upgrading earnings forecasts"

[2sporrans] 23/7/2020 09:50

Matt

Just to say i agree that research into what Conway has achieved should prove
a worthwhile exercise, perhaps very much so.
less concerned as to Conway itself as AAZ have negotiated matters such as they
will progressively take over the show should they wish to commit serious money
and indeed are already steering the next phase of exploration.
The 2-mn-euros is all going into that, not some licence downpayment or anything
into the Conway pouch as such.

A bit busy at this time but expect i'll be looking into it all shortly.

Also noting Bleepy is well on the chase.

My main concern is not to do with the size/quality of the resource[s]; it's the
difficulties that will likely be encountered in the permits/approvals etc processes.
Mine development[s] may prove to become a very protracted process.
But leave that aside for now.

[lefrene] 23/7/2020 09:48

Such is the cash generation here that the project in Ireland will come out of the petty cash tin :¬)

[gold finger 1] 23/7/2020 09:47

Well there is the buyer again with two purchases of 50,000 shares in total.
No sign of the seller this morning yet.
Maybe just maybe they have finally finished. Well they have to at some point.
Maybe if they have the news we have been waiting for for months can be released.
Because i have a feeling its been held back to get this transfer of shares out the way. AIMO.

[ilostthelot] 23/7/2020 09:47

If gold breaks over 1890 it could go parabolic according to Adam mancini on twitter. A well respected chartist.

[crazycoops] 23/7/2020 09:44

Gold spot at $1886 and gold futures at $1881 (backwardation?) mean that we are now a full $400/oz above management's 2020 guidance figure. A bumper H2 awaits for AAZ and surely, the share price will catch up eventually.