Anglo Asian Mining Share Discussion Threads

[2sporrans] 29/9/2020 10:35

wrote my post while you sent yours gadolinium.

[2sporrans] 29/9/2020 10:33

Yes, worth pointing out zangdook.
Caveat is that this treaty only applies to Armenia as such; it does not extend to
Nagorno-Karabakh let alone any additional territory occupied by Armenia through conflict over the past 3 decades.
The Russkies are not obliged to make any military intervention if the Azerzis claw back some of the occupied territory they lost.

Turkey has a treaty with the Azerzis that binds them to intervene to defend the bordering Nakhchivan province - Ordubad is within - should it be invaded.
Which i guess is good from the AAZ pov as it pretty much scotches any possibility
of an Armenian [diversionary, retaliatory?] incursion, should things get really out of hand.

Having said, the Erdogan regime has exacerbated matters by backing Ajerbaijan to the extent it is, including providing a lot of potent military hardware.
This seems to have [further] emboldened the Aliyev regime to take any opportunity [engineered or otherwise] to further its NK restoration cause by force of arms, notwithstanding the intention is probably to gain an advantage in subsequent renegotiations rather than make full on war and reclaim large swathes of territory thereby.

The greater the difficulties Armenian and Azerzi regimes experience domestically and they both have lately, the more they turn attentions to the NK 'chestnut'. [As explained in article above posted by Lefrene.] Similar disposition with Erdogan.
It has been ever so over human history.

[gadolinium] 29/9/2020 10:14

Zangdook
Nagorno_Karabakh is not recognised by Russia or the international community as part of Armenia but is internationally recognised as part of Azerbaijan so presumably an attack there cannot trigger the Collective Security Treaty Organisation's obligation to Armenia itself.
Gd

[zangdook] 29/9/2020 09:44

I know the conflict is unlikely to affect us, but I noticed a couple of people earlier saying that *if* there's war Armenia would come off worse. Perhaps it's worth pointing out that Armenia is a member of the Collective Security Treaty Organisation, which means an attack on Armenia is treated as an attack on all members, including Russia. Azerbaijan quit the CSTO a few years back.

[goodgrief] 29/9/2020 09:34

"That’s why the board’s approach of under promising and underplaying things is misguided"

Totally in agreement. It should have been Reza schmoozing the City 2 summers ago. Whoever was involved in 'selling' this at the time of the IPO must be long gone?

[cinoib] 29/9/2020 09:27

Goodgrief, yes was just looking at that again. Am sure when it finally hits production later this year the share price will take a big fall as at 157p is well in advance of it's value. The best thing it has going for it, at the moment, is political stability.

[jbravo2] 29/9/2020 09:03

What’s your problem allseeingeye?
Jealousy? At missing out on the early days
Bitterness? At the losses incurred on spread betting here?
Both of the above?
You need to let it go. Negative emotions drag you down eventually
Get a hobby.
Had a lovely round of golf yesterday. Best front 9 I’ve ever played. Marvellous.

Pleased I could help
:)

[mad foetus] 29/9/2020 08:58

That's why the board's approach of under promising and underplaying things is misguided. Until the market cap is £250m and the spread no more than 1-2% the audience for shares is overwhelmingly the retail punter and most of those want the chance of 50% a year, not the guarantee of 6%.

[lefrene] 29/9/2020 08:57

Written 12 months ago, an insight into the politics of the conflict.

[mad foetus] 29/9/2020 08:49

You're selling dreams on AIM. Dividends are great for us, but institutions aren't going to invest in small cap miners.

[run12] 29/9/2020 08:47

And don't get us started on GGP

[goodgrief] 29/9/2020 08:45

Or Scotgold at £75M! Madness!

[donald pond] 29/9/2020 08:38

AAU very sprightly on their JV update today

[c0lin1] 29/9/2020 08:25

you can just filter

[wanobi] 29/9/2020 08:08

Indeed Rb, but chart-wise if current levels don't hold I'd then be looking at a bounce around 7.5p.... :-) LOL, we shall see :-) Cheers Wan :-)

[riggerbeautz] 29/9/2020 08:05

Interesting Wan, fundamentally FDBK now needs and is primed for news, certainly this side of Christmas but I couldn’t see any chart support, so I’ll bide my time, always another bus.

EVG yes agree but again news rather than charts will determine its fate.

[wanobi] 29/9/2020 08:00

EVG - is another concern for me now, chart-wise,,, looking for support today :-) Cheers Wan :-)


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[wanobi] 29/9/2020 07:53

really difficult one to call (aren't they all LOL) Rb,,, but could be some right now, if not and it doesn't start rising I'd be out of there on a pure chart TA basis,,, FA'wise I have no idea whether it would be good to buy the dip etc etc :-) Cheers Wan :-)


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[avsome1968] 29/9/2020 07:47

Would be nice if it did that Wan short term gain bought 23k last Thursday just to trade though in these uncertain times.

[stepaside] 29/9/2020 07:46

Wouldn't mind getting shot of you from this board

[riggerbeautz] 29/9/2020 07:46

Wan, where do you see the support lines on FDBK, I’m sure Brasso would be interested. After taking profits, I occasionally look in to see jobs advertised, certain snouts taking profits, it must be a bit tumbleweed for holders. I’ve no position currently, but may have a smaller dabble soon, I’d be looking sub 1p though.

[wanobi] 29/9/2020 07:38

TXP - could be a nice C&H playing out with that news avs68 :-), GLA Holders, Cheers Wan :-)

Let's see if it plays out now :-),,, excellent chart to watch now :-)


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[avsome1968] 29/9/2020 07:31

Morning all excellent results at TSG 40m dividend best to date

inancial Highlights

-- H1 2020 revenue generation of $29.9 million, in line with 2019 (H1 2019: $30 million)
-- EBITDA $13.3 million (H1 2019: $14.4 million)
-- Adjusted EBITDA of $15.4 million (H1 2019: $14.4 million) stripping out exceptional expenses and non-cash items

-- Profit before tax $3.3 million (H1 2019: $8.5 million)
-- Interim dividend of $7 million resulting in payment of $0.08 per share (H1 2019: $2.0 million resulting in payment of $0.023 per share)

-- Largest single dividend payment made to date in the Company's history; total capital returned to shareholders $40m

-- 28.6% reduction of debt to $19.5 million (H1 2019: $27.3m)
-- Low leverage with Net Debt / EBITDA ratio of 0.36 at 30 June 2020
-- High liquidity with cash on hand and undrawn $9 million revolving credit line
Operational Highlights

-- Gold dore production 18,278 oz. (H1 2019: 21,889 oz.)
-- Silver in dore production 47,466 oz. (H1 2019: 59,787 oz.)
-- Refined gold production 17,149 oz. (H1 2019: 23,155 oz.)
-- Average gold grade 6.4g/t (H1 2019: 8.6g/t)
-- Average selling price for gold $1,691/oz. (H1 2019: $1,312/oz.)
-- Total Cash Cost per oz. gold $941/oz. (H1 2019: $672/oz.)
-- AISC per oz. gold $1,021/oz. (H1 2019: $850/oz.)
-- 25,000 metres of drilling successfully completed at Asacha licence area
-- Comprehensive protective and sanitary measures in place to protect employees and ensure limited operational impact of COVID-19

Current Trading & Outlook

-- Operational performance in Q3 2020 has been in line with Q2 2020 during which it produced 11,419 oz. of gold with an average feed grade of 7.57 g/t.

-- Gold prices have remained very favourable with an all-time record spot price of $2,067.15 recorded on 6 August 2020

-- Strong cash generation expected and positive future prospects for the Company
-- TSG expects to publish operational results for Q3 in October 2020
-- Upgraded dividend guidance for the full year to be announced shortly
-- Firmly on track to achieve full year production guidance of 38,000-42,000 oz.
Alexander Dorogov, CEO of TSG, commented:

"I am pleased to announce our interim results for the first half of 2020.

This year was to be, and has been, a year of transition from the Main Zone to the East Zone of the Asacha Gold Mine. As anticipated and in line with our mining plan, we have mined lower grades in the first half of this year. However, we successfully adjusted for this during the second quarter, when we began to process high-grade ore from Vein 25 North. Lower volumes produced sold at higher gold prices has enabled us to report H1 revenues largely in line with last year's record first-half results. Work continues to progress with the development of this promising ore-body.

Our business has structurally improved as we mine a higher grade deposit and generate attractive free cash flows from our operations. We are pleased to declare our largest single dividend payment ever and maintain our objective of delivering attractive returns to shareholders.

Furthermore, we have made solid explorational progress during the period, completing our 25,000 metre drilling programme at the Asacha licence area. We look forward to reporting the results of drilling at Vein 25 and the other highly prospective exploration targets at the Asacha Gold Mine.

TSG is proud of its significant contribution to the regional economy of Kamchatka and the substantial number of people we employ locally. The spread of COVID-19 continues to pose a great challenge to us all. We continue to prioritise the health and safety of our people and the local communities above all.

We look forward to the future with confidence ".

[wanobi] 29/9/2020 07:26

Good morning all, Good Luck and Good Health to you all today, cheers Wan :-)