Anglo Asian Mining Share Discussion Threads

[mattjos] 23/6/2022 19:12

Baddeal ... the 'lunatic' in the Kremlin, as you put it, has merely acted in a way that he has very clearly indicated would be the case, for some time now.He has also chosen his moment well (as far as he & Russia is concerned). He and the Russian Central Bank has been very concerned about the ludicrous amount of money the other Central Banks have printed & Russia has not participated in these actions. They clearly been working to insulate themselves as best they are able from the obvious effects of such actions & it is this, as much as action and in the Ukraine that has so angered the Americans.Russia has been gradually building a monetary firewall around itself & now too intends a physical/geographical firewall on its Western flanks.Ever single leader/nation that has ever tried to escape the US$ hegemony has found itself in a war with America. The US$ gives them supremacy over the rest of the world and they will do anything to prevent that being destabilised.Zelensky is being played by the Americans & so too the many Ukrainians who will be killed.America is in a tricky financial/economic situation and is currently lead by a total imbecile who has gathered around him some truly idiotic people with completely mad intent such as MMT & a belief that a debt problem & an inflation problem can be resolved by yet more debt, price caps and other such stupid left-wing views.Putin has taken his chance at a time he clearly believes is most propitious for him & for Russia & I believe he has expected and planed for exactly the type of response that NATO/USA & Europe is delivering. He has likely planned for the conflict to grind on for rest of Biden's presidency, safe in the knowledge that the response will continue in the same vein as to date & that such a response simply amplifies the weaknesses of the West & strengthens Russia.Set against that current dynamic, I fully expect Gold to be one of the very few 'safe havens' for investors &, assuming AAZ are able to deliver to plan, that AAZ will be one of the very, very few companies that can prosper in the next two+ years.

[gutterhead] 23/6/2022 19:12

Thanks Pants

[sideshowbull] 23/6/2022 19:01

Sorry guys, I unfortunately picked THG, ARB and SLP as my short for June comp purely based on charts.

I mainly do charts so don't get angry.

TA works.

Even if I see something positive on THG I can't change my position until July, so don't look too much into it.

I have no agenda.

SSB



BWTFDIK

[wanobi] 23/6/2022 18:44

21 now bwana, wonder who gave you the 21st :-) LOL :-) Cheers Wan :-)

[digger18] 23/6/2022 18:28

Claris needs to run the country.

[bwana4] 23/6/2022 18:27

Odsjp, yes sir THG is my biggest holding in my portfolio at the moment. Yes I did two top ups there today
What had taken me aback a bit is that my one post had 20 likes !! I was completely taken aback with that.
Oh' the Lodge guy I know him very well.
I was invested in PFC in those days.
( That is why Pogue is here today).LOL.
Lodge guy is probably young !! We the older investors used to laugh at him.
At the PFC BB. Oh' the sky was falling in ! He had shorted the wrong stock etc,etc. I remember telling him about the Santa Rally etc. Anyways I moved on from PFC and invested into PAYS.
I had made very good profits in both those Co's and had moved into AAZ at 16P. That is where I met Wanobi.
LOL I am an old hand at this investment lark. Been very high up and been to the bottom as well. It is my hobby.
As I am in a very sweet situation financially. There you are sir. Some you win and some you lose.
As they say " A shroud has no pockets ".
I just try and post my honest views.
I was totally amazed at 20 ticks to my post !! Thst was a first time ever !!
Yet it was just a simple post.
GLA and thank you for your input re AAZ.
Have a good evening all.
Oh' NAI re THG. I believe in the story there. Let's see how it pans out.
ATB.

[pogue] 23/6/2022 18:19

digger18
copper will probably fallen as well by then lol

[digger18] 23/6/2022 18:14

Thanks Donald, I have just read it and posted.

[wanobi] 23/6/2022 18:13

"palpable relief",,,,, will most certainly be exhibited by me Pof when we finally get that RAT RNS,,, it's a big deal for sure,,, excellent write up,,, thanx again :-) Cheers Wan :-)

[digger18] 23/6/2022 18:13

Pogue - By then we will be predominantly a copper producer!

[digger18] 23/6/2022 18:11

Pants - Thank you for a concise summary which is very positive indeed. It would seem that we now have a strategy and timing plan which I am sure will go into a new presentation upon actual ratification.
Much as I thought, they were keeping quiet and not appearing presumptuous about the parliament’s decision process.
I guess Reza should not have said that ratification was expected end of May, in his interactive interview!

[wanobi] 23/6/2022 18:07

many, many thanx Pof,,, very much appreciated feedback,,, Cheers Wan :-)

[pogue] 23/6/2022 18:05

Thanks PoF for the write up.
Lets hope the gold price hasn't cratered again by the time in 4 years they are at full production. I thought they were in a hurry?!
Timing is all.

[zangdook] 23/6/2022 18:00

Thanks

“we feel unburdened” - I thought they had told us all along it was sure to get done?

[pantsonfire] 23/6/2022 17:55

I attended the AAZ AGM today, and in case this were of interest to others, I supply here my notes:
# The company started with thanks to the patient shareholders bearing in mind the times we have gone through since the last in person AGM. This included the Pandemic with its impact on the workers, noting that we have isolated locations with specific issues. Then of course the pandemic impacted the supply chain. Then we were located just 60 kms from a live war. All the above meant that today we are in a situation with a share price far lower than it is felt it should be.
# As for the share repurchase scheme, the directors felt that they wanted to tighten the market, and to see the share price move up, thereby rewarding shareholders. They are hoping to tempt in institutions and if they buy in (in the future) at a higher price, the company will gain the benefit.
# One questioner stated that the company are excellent concerning technical aspects, but light on the road they intend to follow, ie presenting their strategy. The response was very informative. AAZ saw themselves as a gold producer, but are now moving to have copper as a strong component of their portfolio, just when the world needs copper. They apologised for the lack of communication, but also explained that this was due to discussions with the Az government. They commented that news getting out does not take much to derail things. The great news is that this has been agreed with the PM (signed off), the decree issued by the President, and we are now just waiting for the parliament ratification decision, which is expected within weeks (and before they go on holiday on 15th July).
# Now for some detail about the new properties. The deal involves Garadagh, Xarxar, and Demirli. Garadagh is today owned by Azergold, and the license is being transferred after Azergold have already completed some exploration. They have swapped this with a property on the border with Armenia, so this represents a bird in the hand today, besides which Garadagh looks good, and is also close by Gedabek, as is Xarxar. This was a good commercial deal with payment after work starts. Demirli is the potential jewel in the portfolio, being a massive copper mine.
# Vejnaly already has work under way, with production from the underground. Although there are Russian “peacekeepers” locally, these are not anticipated to be a problem., since with Turkish military also present, and the Russian peacekeeping role in theory present for just 3 years, the Turks will make sure they do not extend their stay.
# This represents 2 huge steps ups for the company, first the new mines, and secondly we now have full access to all our (extremely valuable) properties. In the next 2-3 years everything is expected to come together, with the company focussed on producing dividends, low cost production, and free cash generation. They anticipate that it will take a 4 year step-wise approach to ramp up to full production.
# The high grade vein in Gosha (“Hasan”) has gold grades in the 100’s of g/ton, which could be exceptional (noting that this does not say that we have this level throughout). They are hopeful of mining before year end.
# Concerning Libero, we were told “we do not like to stay in just 1 geographic location”. They found Libero very well technically qualified, so this will not be a drain on their resources. With an investment of just $5 million, and the potential that this could be a billion dollar company, Libero could eventually be looked on virtually as a royalty provider.
# The key point I took out was the palpable relief from the board for the issue of the hoped for parliamentary ratification. I captured the words “we feel unburdened”. The board feel that AAZ has had to endure a couple of difficult years with delays but that the trajectory from here is clearly up for the foreseeable future …....

Please note that these words are personal, are not advice, and I invite any other present to correct and/or add.
Note: Edited to correct for Vejnaly, which is not one of the new mines.

[donald pond] 23/6/2022 17:22

Digger, I spoke to pantsonfire who went and was very positive. He will do a full write up on wans thread later.

[digger18] 23/6/2022 17:21

Is it likely that one of the big family shareholders may sell off a few to satisfy the buy back? With recent liquidity, 11m shares will take some finding in the open market! However, I guess if there is a buyer in the background (Aaz) presumably the bid may go up to tempt selling,but obviously the buy must be within the price constraints of the buy back rules.
Interesting times ahead!
Has anyone got any feedback from the AGM?

[2sporrans] 23/6/2022 17:13

dp

Yes, i could not fathom why the Fed did not curtail its bond buying sooner; what was it achieving?
Powell first pivoted towards a tightening stance last November; why not cease QE by end of 2021?

[2sporrans] 23/6/2022 17:08

klosters

My thinking is that, bar calamity, the buybacks may not only support the share price but boost it significantly over the coming months.
Potentially, £10mn of buys; that is 1/6 of the Free Float.
Of course, the scale maybe very much less, depending on how everything pans out forwards; the possibility is none the less here now.

As i posted recently, the buyback could operate as a sort of hedge against further Ratification 'delay' despond, although the most recent Az. press news does suggest this may not extend more than a few more days; not beyond mid July anyway.
But I'm sure the BoD wish to see the share price well above £1.
If the 2 batches of share options [late 2021 and Q1 22] are any guide, they will want to see it over 120p and sooner rather than later.
At what level of price will heavy selling volume nullify an intensive buyback programme?

Also, as lloydypol just pointed out, there's likely only upside on any RNS advising of new gold production from Vejnaly and/or Gosha; moreso if does ko by Q4 and the 2022 targets get raised significantly.
The 2023-> production picture matters more to me though; expect i'm in good company.

[donald pond] 23/6/2022 16:58

It is amazing to think that last December the US economy was growing at 12%, there was minimal unemployment, and yet they were still stimulating the economy.We said for years there were no tools left to fight the next slowdown. Well, it's here now.And AAZ might be one of the better places to hunker down while it blows over.

[pogue] 23/6/2022 16:54

I am mulling over still whether to buy AXL. Not sure if the continued fall is oil price driven or still fallout from Petro win.
Posted on the AXL board in error when looking at the share price graph, dont want to talk to MT about anything he holds, his rose coloured glasses are too bright on shares he has bought

[baddeal] 23/6/2022 16:50

Perhaps, but also made worse by the lunatic in the Kremlin