Anglo Asian Mining Share Discussion Threads

[mad foetus] 24/7/2020 10:33

In all seriousness I think virtually everyone would be delighted if gold stayed around this level for 6 months. I think it possible we will get a melt up but for gold miners 1800-2000 without too much volatility would be great

[wanobi] 24/7/2020 10:32

TXP really motoring now,,,, the cynic chimp in me is screaming a raising coming to set them up for lots and lots of drills to come,,, wouldn't blame PB if he did,, we shall see, GLA Holders, Cheers Wan :-)


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[wanobi] 24/7/2020 10:30

a high, maybe,,, the high,,, in my humble opinion,,, 'no way Jose' LOL, GLA Cheers Wan :-)

[11_percent] 24/7/2020 10:24

GOLD

Had 2 goes at $1,900.....will it get through......peeps saying this is a "high"......lets see.

[spidertricks] 24/7/2020 10:19

Ah yeah MF that's the chappie.

[mad foetus] 24/7/2020 10:10

Gold at 1895, exploration report and divi payday next week. The risk/reward right now is exceptional

[mad foetus] 24/7/2020 10:08

I believe Euan from SPA was tasked with looking into it

[spidertricks] 24/7/2020 10:04

I thought someone from AAZ was going to talk to SPA about our spread. It's quite large again today.

[king suarez] 24/7/2020 09:53

Bozzy,

Some nice numbers - don't forget the govt royalty of 12.75% on revenue though.

IMO a full year of 90k oz GEO at $1,900 would make something like:

Revenue = $149m
CoS = $60m (10% slight increase to represent underground at Gedabek?)
Admin etc = $6m
Gross profit = $83m
Tax = $29m
PAT = $54m

I would also point out that 2019 net cash flow appeared lower due to working capital changes - the operating cash flow was largely the same as 2018 @ c$50m due to an increase in tax paid being offset by the increased gold price (2019 ran out of tax losses to deduct against profits).

Probably a decent/conservative rule of thumb to suggest AAZ get an increase in net cash flow of around 50% of the rise in gold price on production after tax and govt royalties?

[2sporrans] 24/7/2020 09:27

A quick plunge in a flotation tank would surely raise one's level of concentration.

[run12] 24/7/2020 09:22

Maybe we should declare that we are going into production of electric vehicles or that bathing in our tailings dam cures C19.

[mad foetus] 24/7/2020 09:17

Same with mine. Every year she gets more sensible and I get more infantile. I'm not that looking forward to wearing a mask for the airport and flight but life is too short to miss a summer holiday.

[lefrene] 24/7/2020 09:15

$1900 gold tantalisingly close, one wonders if there won't be a surge if the price bits a new all time high?

From the valuation here one would think that AAZ made some sort of utility product, and not a highly efficient producer of a precious metal that is steeply rising in price, plus of course now with considerable growth prospects.

[riggerbeautz] 24/7/2020 09:13

Lol mf nah she’s very conservative, bordering on boring, but they say opposites attract and we somehow glue together. Then again, maybe I don’t know the half when I’m away (yikes).

[mad foetus] 24/7/2020 09:07

Think I've already got it rigger - does she live near me and enjoy "discreet fun"?

[riggerbeautz] 24/7/2020 09:04

Lol mf, im almost tempted message you my wife’s mobile can you convince her it’s ok to fly.

[wanobi] 24/7/2020 09:01

excellent MF, good hear you're putting your ill gotten gains to good work LOL LOL,,, only joshin,,, cheers Wan :-) LOL

[mad foetus] 24/7/2020 08:59

Booked a week in Crete on the BA sale...got whole family into the Domes of Elounda for around 60% of the AAZ divi that's about to land. Sad, but that makes me happy! PXC and AAU look ready

[jeanesy] 24/7/2020 08:44

PXC also has huge potential as POF keeps telling us.

[jeanesy] 24/7/2020 08:43

TSG is a great company. There has been a large seller for a while which has kept the price in check. They have been selling 'sensibly' for ages now but are nearly out if what i have heard is correct . The shareprice should be way north of one pound and will do so once they have done which could be any day now.

[wanobi] 24/7/2020 08:26

market waking up to TXP potential today it seems :-) GLA Holders, Cheers Wan :-)

[bleepy] 24/7/2020 08:24

And we have another ingredient in the cake mix, CGNR. Massive potential in Ireland to mirror or better the ambitions and success achieved in Azerbaijan.

Onwards and upwards as we await exploration news(next week), jorc updates and interims in Sept.

Stephen Westhead stating in recent video that drilling going well at new discovery sites.

[lottsgold] 24/7/2020 08:18

TSG figures do look very positive, its been struggling to break out for ages, if it does should be a nice move.

[mad foetus] 24/7/2020 08:10

Sold my GMR and added to PXC. EKF and TSG off to good starts

[lottsgold] 24/7/2020 08:04

Thanks Rigz,I'll do a bit more reading, if there's value there which at first glance it looks as though there is I'll dip a toe to keep tabs.