Anglo Asian Mining Share Discussion Threads

[pogue] 20/2/2024 07:10

PRD going to take a hit today. They have already got an agreement for a CNG contract to sell the gas at the wellhead and rigless testing has drawn a blank they always wanted to use sandjetting to be fair and claims it will work with that. Gas is there but is it in commercial quantities. The wait goes on...

Highlights
· Phase 1 rigless testing with small perforating guns confirms formation damage
· Phase 2 Sandjet testing, always the preferred perforating option, will proceed with design parameters modified to take into account the depth of formation damage
· The Company is confident that Sandjet will achieve its objective to establish gas flow
· Analysis of gas samples confirms up to 99.57% methane suitable for CNG development
· MOU-5 Jurassic well planning on track
· No change to available discretionary working capital to carry out Sandjet testing programme.............

[all in eol] 20/2/2024 07:00

Anglo Asian Mining plc
Xarxar maiden JORC (2012) Mineral Resource Estimate completed
25 million tonnes of copper mineralisation at average grades of 0.48 per cent.
Anglo Asian Mining plc ("Anglo Asian" or the "Company"), the AIM-listed gold, copper and silver producer focused on Azerbaijan, is pleased to announce the completion of a maiden JORC (2012) Mineral Resource Estimate for its Xarxar copper deposit (the "Xarxar Deposit"), confirming 24.9 million tonnes of mineralisation with average grades of 0.48 per cent. copper.

Xarxar Deposit

· 24.9 million tonnes of mineralisation with average grades of 0.48 per cent. copper
· 22.0 million tonnes of mineralisation containing 106,000 tonnes of copper within the Measured plus Indicated JORC categories
· Total in-situ mineral resource of 119,100 tonnes of copper
· 66 drill holes with a total length of 21,707 metres used for the maiden Mineral Resource Estimate
· A 470 metre exploration adit was excavated for underground drilling and sampling

Stephen Westhead, Vice-President of Anglo Asian, commented:
"The maiden JORC Mineral Resource Estimate for the Xarxar Deposit demonstrates that this is a substantial resource, containing over 100,000 tonnes of copper. We are confident that the Xarxar mine will be a significant contributor to our future production, enabling the Company to deliver future growth and attractive returns to shareholders.

"To further expand the current mineral resources estimate, work will include surface infill drilling to the east of the deposit, deposit geotechnical and hydrogeological drilling, and drilling to supply samples for further metallurgical testwork. Additional core drill samples will also be subject to external quality assurance and control. This will enable mineral resources to be reclassified from Indicated to Measured in preparation for the full mining study."

[all in eol] 19/2/2024 22:32

Swimming with the sharks can be a challenge, but one we must all overcome

[bozzy_s] 19/2/2024 22:11

SSB can you give a bit of commentary to your chart? As it stands, it means nothing to my untrained (but interested) eyes.

Not so much for AAZ, where TA makes naff-all difference - news is what dictates the price. But for commodities, forex, crypto, TA might be useful.

[someuwin] 19/2/2024 21:55

Afentra LSE:AET surely one of the best small cap O&G producers in the sector.

In the short term...

* Completion of the Azule transaction in Q1 2024.

* First 2024 lifting of approximately 450,000 bbl late February 2024.

* Investor Meet Company presentation in Q1 2024 (TBA)

Longer term...

* AET looking to sign a "conveyor belt of deals" in multiple African countries.

[master investor] 19/2/2024 21:33

Talk us through it. Are you long or short?

[wanobi] 19/2/2024 19:19

many thanx ssb :-)

Cheers
Wan :-)

[sideshowbull] 19/2/2024 18:58

I know my TA is different and unique.

But I am usually right on shares I am not in! No emotion ones.


AAZ chart TA pinged me last week, it is what it is if you believe in TA.

[2cmb] 19/2/2024 16:46

Hi RB and Wan ' nothing much to post about for the time being . Just waiting for the RNS from AAZ re the TD news be it good hopefully. Let's see what develops in the near future.

[wanobi] 19/2/2024 15:12

agreed Rb, tis very quiet out there.... :-) :-)

Cheers
Wan :-)

[riggerbeautz] 19/2/2024 15:07

Markets look a bit tumbleweed to me Wan, think you can tell by the lack of posts there is nervous money out there. That or the kids half term period has led a few people away. Sat firmly on hands here, if only to keep them warm :)

[neilyb675] 19/2/2024 14:50

56.00 - 60.00 (GBX) at 12:27:29
on Market (LSE)

[wanobi] 19/2/2024 14:17

AAZ still has a regular seller at the moment, but, also some good buying today :-)

Cheers
Wan :-)

[wanobi] 19/2/2024 14:16

free stock charts from uk.advfn.com



free stock charts from uk.advfn.com


YIKES,,, indeed,,, not looked at that one for a while now....

I have to thank Mj for that one,,, I actually made good money,, but, only because I sold the spike and never went back :-)

Hmm

Cheers
Wan :-)

[e43] 19/2/2024 11:23

CPX ,another former 'Hottie' has finally given up on it's legal claim against Maxwell (tesla) ,it's business remains loss making.

[all in eol] 19/2/2024 10:48

AAZ
delayed 49150 trade at 59 just appeared.

[wanobi] 19/2/2024 08:29

I shall not go there again Bumpa,,, but, I will be keeping tabs on it to see how it pans out,,, along with PXC etc.. Cheers Wan :-)

[bumpa33] 19/2/2024 08:23

MBO far east tech giant in waiting, arch disruptor, get in while you can 🙄 before the next MJ pump…!

[wanobi] 19/2/2024 08:20

MBO on the move this morning I see :-) GLA LTH's Cheers Wan :-)

[wanobi] 19/2/2024 08:06

Good morning all, Cheers Wan :-)

[all in eol] 19/2/2024 07:03

Placing and Subscription raises £1.8 million
Directors and senior management subscribe for £665,000 in the Fundraising

HIGHLIGHTS

· The Company has today raised £1.8 million before expenses (the "Fundraising") through the issue of 3,600,000 new ordinary shares of 0.2 pence each in the Company at a price of 50 pence per share (the "Shares") through a Company-led subscription of 1,600,000 Shares (the "Subscription" or the "Subscription Shares") and a placing of 2,000,000 additional Shares to investors (the "Placing" or the "Placing Shares") also at 50 pence per share (the "Placing Price")
· As part of the Fundraising, certain directors and senior management in the Company have subscribed for Shares at a total cost of £665,000, demonstrating their ongoing financial support for the Company as shareholders and conviction in the future success of ATOME
· The Shares were issued at a price of 50 pence per share
· share price Angel Corporate Finance LLP ("SP Angel") acted as sole broker on the Placing
· The flagship Phase 1 145MW Villeta Project in Paraguay is legally contracted under a signed Power Purchase Agreement with the FEED study already commissioned and soon to be completed
· All of FEED, EPC, Offtake and Financing are targeted for 2024 with start of full production in 2026 when ATOME will become one of the largest producers of green fertiliser in the world
· The Company now has a global pipeline of green fertiliser projects of some 600MW

[terropol] 18/2/2024 23:11

Bazboa17 Feb '24 - 07:08 - 59578 of 59581
0 1 1
How did the Conroy Gold saga play out

I think the company got out of the failed "CONROY" partnership with a small profit.

[wanobi] 17/2/2024 17:22

many thanx for sharing your Libero research Mj,, appreciated greatly by me for sure :-) great interview, just wonder if his timing is good in regards to $ and gold price rocketing,,, as,,,, so many gold bugs have been prophesying similar for so long now and yet somehow the US manages to keep the wheels turning... I'm in no doubt that the wheels will come off one day,,, but within 5 years,, who knows :-) :-) Cheers Wan :-)