Anglo Asian Mining Share Discussion Threads

[katsy] 14/10/2020 08:20

So the moment they knew they were losing staff to the war they should've RNS this immediately not waited to hide this in another RNS and where's the JORC. share price action tells it all.

[wanobi] 14/10/2020 08:19

rabbits, assassins & hunters DP :-),,, that podcast really focused my mind,,, many thanx again for doing it,,,, cheers Wan :-)

[2sporrans] 14/10/2020 08:19

Katsy

Did they lie though?

The conflict escalated a lot subsequent to 29Sept when the RNS was released.

They may have been economical with the truth as they never mentioned anything about key engineers being conscripted.
It is that which has impacted mostly upon production.

There is also the problem with the rock [faultlines] that has delayed progress to the extraction of [sub main pit] underground ores [Q4].
But that is a temporary problem.
The loss of key staff is more serious.
When may they return?

[wanobi] 14/10/2020 08:17

HL offering me 104p for 50K AAZ,,, am I selling,,,, NO way :-) LOL,,,, gotta buy more :-) GLA Cheers Wan :-)

[bwana4] 14/10/2020 08:16

Jeanesy. Nice top up opportunity then !!
Buy when the others are fearful etc.etc.
ATB.

[drkhalidm] 14/10/2020 08:16

How come it didnt spike like this when cascadura 1000ft was announced

[bleepy] 14/10/2020 08:15

Significant increase in average price of gold bullion sold in Q3 2020 to $1,947 per ounce (H1 2020: $1,649 per ounce)

[doc_oj] 14/10/2020 08:14

@casual47: forecasted gold price of 1480 for the year

[mad foetus] 14/10/2020 08:14

So, 9c dividend paid in 2020.
Almost certainly will be 10c at least plus a special dividend next year.
So buying at the current price gets you a likely 10% yield in 2021...and although price of gold has been great, production in 2020 hasn't.
But next year, going into the dipdown...
It's bonkers cheap. Just narrow the spread and I'm in for more

[casual47] 14/10/2020 08:11

A 5-10% reduction in guidance is practically the equivalent of a profit warning

[doc_oj] 14/10/2020 08:11

agree the RNS doesn't read great and I am frustrated about the progress here as well but certainly not giving up on these so cheaply. a 5-10% drop after all that has been going this year is probably not too bad at all. most importantly we are headed in the right direction

[zangdook] 14/10/2020 08:08

So there had been no impact on 28 September, and since then some staff have been conscripted, and Katsy starts effing and blinding about lies? What lies?

[2sporrans] 14/10/2020 08:08

Yes, you are right cf.

Though the figures you've pasted may be better largely because of the stockpile contribution being over 2g/t average, the Q3 grades out of the mines were mostly up.

Ugur was down, inevitably and Gosha grades also lower, though a small output.
What really matters is that the Gadir and main pit grades were well up for Q3 over H1.
Scotches the notion of chronically lower grades that Q2 raised from the mainstay production.

Main pit grade was ~10% higher; 1 g/t v 0.9g/t
Gadir 2.87 v 2.55g/t.

The Q3 gold dore production was virtually the same as Q1.
Just a slight drop.
Not what one wants to see but given the Covid situation and loss of key staff, laudable.
[The gold out of flotation took a beating but that is in the concentrate.]

[jeanesy] 14/10/2020 08:07

cant sell a bean.

[fuji99] 14/10/2020 08:07

Releasing such results and update in the midst of a pandemic and a war nearby is exceptionally resilient. What this would do under normal conditions ? Adding the increase in exploration areas in the near future, this will become one of the best gold stock to own for the medium to the long term in any portfolio. I will add regardless of the share price behaviour.

[stepaside] 14/10/2020 08:06

That's the most worrying part. Hopefully not becoming like the others.

[bazboa] 14/10/2020 08:04

They also lied about the JORC as that still hasn't arrived.

[bleepy] 14/10/2020 07:57

Anglo Asian CEO Reza Vaziri commented: "I am very pleased with the better performance so far in the second half of this year with production increasing by twenty seven percent to 18,190 gold equivalent ounces compared to the previous quarter. The actions we took to improve production in the first half of the year are now taking effect. We will soon start underground mining below the Gedabek open pit which is expected to lead to a further improvement in performance.

"We delivered 6,335 ounces of gold to the refiner in September when the gold price was below $1,900, a dip we decided was likely to be temporary. In accordance with our policy of timing gold sales this was not sold until October at an average price of $1,910 per ounce. This demonstrates our ability to generate increased revenue by timing gold sales.

[bleepy] 14/10/2020 07:55

Temporary u/g geology hiccup being overcome and conflict adjustments against a 27% increase in production over Q2 and a $300/oz increase in Q3 sales deserves another well done Aaz.

Present price has adjusted re conflict so bargain prices still on offer here. Roll on divi re investment even moreso...

[cannonfodd3r] 14/10/2020 07:52

Anglo Asian stacked 168,945 tonnes of dry crushed ore on to heap leach pads with an average gold content of 0.87 grammes per tonne of gold during Q3 2020 (Q2 2020: 139,752 tonnes with an average gold content of 0.79 grammes per tonne of gold). The Company also heap leached uncrushed Run of Mine ("ROM") ore. During Q3 2020, Anglo Asian stacked 149,031 tonnes of ROM ore on to heap leach pads with an average gold content of 0.50 grammes per tonne of gold (Q2 2020: 134,675 tonnes with an average gold content of 0.44 grammes per tonne of gold).

The Company processed 181,200 dry tonnes of ore with an average gold content of 2.39 grammes per tonne of gold through the agitation leaching plant in Q3 2020 (Q2 2020: 161,079 dry tonnes with an average gold content of 1.95 grammes per tonne of gold). 127,100 dry tonnes of ore containing an average copper content of 0.58 per cent. were processed by the flotation plant (Q2 2020: 136,314 dry tonnes of ore containing an average copper content of 0.56 per cent.).

[jeanesy] 14/10/2020 07:50

As far as AAZ is concerned when it rains it pours. I can see this going sub 100p today sadly :(

[wanobi] 14/10/2020 07:48

Good morning all, Good luck, Good Health and peace to all today :-) Cheers Wan :-)

TXP RNS looks good to me :-)

AAZ RNS better than the mine being on 'care & maintenance' :-), but cheaper stock maybe coming available me thinks...

4D RNS step in the right direction :-)

so let's see what happens when Mr Market views things,,,, GLA

Cheers
Wan :-)

[cannonfodd3r] 14/10/2020 07:47

Look at the grades though, all up which is great news, working smarter not harder, as usual. You need to read more than the first three paragraphs as usual though