Anglo Asian Mining Share Discussion Threads

[wanobi] 29/1/2024 09:01

although, as a trade, if one believes TD rns will come this week, then AAZ might just be a good ST (or LTH) bet for a rise with so many eyes on it right now :-) :-) Cheers Wan :-)

[wanobi] 29/1/2024 08:59

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might be worth waiting till that older GAP has closed Rb :-)

Cheers
Wan :-)

[jbravo2] 29/1/2024 08:56

Cheers cmb

[wanobi] 29/1/2024 08:55

LBE Rb?
Upside GAP to fill..
Low MCAP
Decent management
Executing to plan
Good partners
Great growth potential...

Cheers
Wan :-)


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[2cmb] 29/1/2024 08:54

Good morning all.
RB' EEE will close that gap and who knows where the shareprice may end up !!
I will read the chemical makeup of the ore report when it arrives. This could endup in tears if the Titanium is not profitable to mine. It is a share to trade until the JORC arrives sometime in the summer. AIMHO ofcourse.
ATB.

[riggerbeautz] 29/1/2024 08:25

Tempted to buy both EEE and SPEC this morning but both feel like falling knives! The latter underwhelming update and the former seems to have fallen out of fans.

[2cmb] 29/1/2024 08:18

JB'thank you for your input on here and Wan's thread.

PT321' Welcome. I see you are a holder of CWR as well.
ATB all and GL to all of us.

[all in eol] 29/1/2024 08:09

Bought back trade in AAZ this morning.

[phatstyle321] 29/1/2024 07:43

With the anticipation of dam wall news and gold rising, it could be a nice turning point for AAZ here, especially if report gives a clean bill of health.

[michaelfenton] 29/1/2024 07:27

Gold rising steadily this morning.

[wanobi] 29/1/2024 07:22

Good morning all, Cheers Wan :-)

[2sporrans] 29/1/2024 00:05

The best Xarxar grades are largely about 50m to 200, maybe 250m sub surface and reasonably contiguous.
Lends to open pit extraction and lower costs, the exploration tunnel notwithstanding.

From the RNS:
"Preliminary in-house work on open pit designs indicates that the open pit should eventually finish at a depth of about 200 metres."

[goldrush] 28/1/2024 22:56

Thanks xow....CLEARLY puts into perspective how good the drilling results are....IMHO

[digger18] 28/1/2024 21:06

Thank JB, a good vote of confidence!
On the basis of statements made regarding commencing flotation in Q2, presumably approval can’t be too far away.🤞

[jbravo2] 28/1/2024 15:58

Yes digger.
The wall was regularly inspected and had been given a clean bill of health as recently as April. Those reports were largely inspections of stability and function though. They weren’t full reports to establish suitability for further expansion.
As I’ve previously mentioned, I know from a private conversation with a Knight Piesold consultant (the consultants overseeing the dam - and indeed the consultants subsequently chosen by the govt to generate the report we wait for) they viewed the wall as capable of further expansion way back then.
Since then we’ve had further confirmation the dam has operated as it should via the environmental report.

The wall WILL be given a further clean bill of health and cleared for the raise IMO. And also clearly the opinion of the company.

That will remove the last of the “material uncertainties” and before we know it, we’ll be processing the rich Gilar ore with Zafar as back up.
Then we’ll add Demirli to the pot and start the countdown to Xarxar.

An exciting time and a rare chance to get remarkably, startlingly cheap shares.

[digger18] 28/1/2024 15:47

Thank you for that pointer which I missed.
Presumably the existing wall has already been inspected, especially if management believe that they are “on track to re-start the flotation plant in Q2”?

[phatstyle321] 28/1/2024 09:33

From interim results

Tailings storage at Gedabek

The current tailings dam is almost full and the Company has submitted plans to the Government for a further 7.5 metre raise of the wall to give sufficient capacity for two to three years of production. This raise will be carried out in two stages with the first raise of 2.5 metres being completed in approximately four months after permission is obtained. This permission will only be granted following a further independent inspection of the stability of the tailings dam wall commissioned by the Government. It is expected that permission will be received in January 2024 provided the independent inspection reveals no defects in the wall.

[wanobi] 28/1/2024 09:05

Good morning all,,, wowzer,, there's a good few posts to go through since I last looked in,, many thanx all,,, Cheers Wan :-)

[jbravo2] 28/1/2024 08:53

There’s no such inference there that I can see.
They require a report on the wall and its ability to cope with further raises before it can be raised. The clear inference is that it will arrive in time to follow those timescales.
The dam wall can have a first raise of a metre or two completed in time to ensure the flotation doesn’t need to stop once started. You’ve remembered it still has 3 months capacity as is?

“The Company will update the market once a timetable for the wall raise has been settled.”
Expect news shortly IMO

[all in eol] 27/1/2024 22:56

Bumpa33 all lives matter 😊

[digger18] 27/1/2024 22:47

From Aaz Q4 update:
“We continue to make meaningful progress in restarting flotation production, which is on-track to begin from Q2 2024”
From Nov RNS re Agreed Environmental plan:
“The Company's flotation plant will restart approximately 90 days before the wall of the existing tailings dam has been further raised”
Why is there a consensus that further permission is required in order to raise the dam wall? The above statements infer not! Can anyone throw any further light on this?

[bumpa33] 27/1/2024 22:25

Hey, gap lives matter…

[sideshowbull] 27/1/2024 19:50

Not sure I have explained the difference between certain gaps..

Gaps, that will never fill are called breakaway gaps.

BUT!

that does not happen very often on micro caps. Most likely will fill..



Pogue asked for EEE chart.

As an example.

EEE has left 3 gaps 2 are filled.

That gap at 2p hopefully will never get a fill.

Still went off on one..

No advice.
BWTFDIK

[2cmb] 27/1/2024 17:54

HiPeter.
Yes I was a holder of Jim shares at the same as the Naked Trader. A small amount as they have been my brokers for a long time.I sold out recently to put the money into CWR. Jarvis used to pay a dividend but they cancelled it sometime ago. They will hopefully go up but slowly. Try the Jim thread as some knowledgeable posters on there. I think the Competent Persons report have ended or will do shortly.
ATB. NAI as always.