Anglo Asian Mining Share Discussion Threads

[avsome1968] 20/3/2024 16:02

Still not resolved ?

[jeanesy] 20/3/2024 15:52

Shares in HUM have risen from 4p to 6p this afternoon ....wow !

[bumpa33] 20/3/2024 15:44

HUM issue statement…

[bozzy_s] 20/3/2024 14:47

Anyone noticed there's probably a buy order being worked in the background? I'm being offered above the bid for all my AAZ shares. Haven't seen these in demand for months!

[michaelfenton] 20/3/2024 13:50

Miss guess is that the Gov. response to TD is close but has been terribly costly to both company and Gov. Looking at this from the outside it does all seem most strange. News within a couple of weeks?

[2sporrans] 20/3/2024 12:59

Thanks for your considered reply jb

It is very noteworthy that Azergold are having to undergo a much more stringent and lengthy process to achieve approvals, not least in eliciting sufficient public 'buy-in'.
This seems to be a pretty ubiquitous development over most of the world; Governments are raising the 'ESG' bar.
Even autocracies will consider the future impact [risk] upon their exports should they not follow suite......
Azerbaijan is, many would argue, pretty much an autocracy; so a case in point.

It could well pan out that this development may exacerbate what may already be a fomenting global supply deficit, notably in copper, maybe zinc too [from an AAZ perspective].
Then, it may follow that, as Xarxar then Garadagh hit their approvals process and [hopefully] get producing the former will be fast tracked and the latter bask in the ambience of record high prices and fat margins.
Well, it's a plausible, if optimistic, scenario.

You are surely right about Azergov's overriding concern to keep a lid upon public unrest.
That came across to me, loud and clear, in Aliyev's invective of 11th July; not least in his staunch support for the police and denigration of 'stonethrowers'.
Who else did he bestow such approval upon?
Guess he did hold up Azergold as a [deemed] paragon of good practice.
Huh!
On top of the hurt the AAZ production impasse is inflicting upon local employees, businesses and indeed the local populace in general, the loss to Azergov of $10's millions in forfeit metal sales tax revenues is an acceptable price to pay for ongoing stability; at least it looks this way.

"wait for the howls from those interested entities once we get access to Demirli."
Indeed.
Very well done in encouraging AAZ to take pre-emptive measures.

For years now, i've harboured a concern that having the Demirli cake might not result in AAZ eating it; at least not all of it and much banging of cutlery upon the table by investors awaiting their slices.
I guess - though very non-PC to say it - that the exodus of the Armenian populace from Karabakh and the implicit formation of a new, Azeri workforce, has at least greatly smoothed the path towards operating with a tolerably happy and cooperative local employees, suppliers and folk generally.
I'm confident that Aliyev/Azergov will accommodate AAZ within a win-win construct, should he/they continue to see their interests as well aligned.

[wanobi] 20/3/2024 11:49

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it's binary :-) Hmm :-)

Cheers
Wan :-)

[bumpa33] 20/3/2024 10:52

Wow, HUM - missed that one. Annoying - mgt have always had big question mark over them but is this now terminal?

[avsome1968] 20/3/2024 10:13

Looked a good decision selling my HUM shares price tanking now.

[jbravo2] 20/3/2024 10:02

@2sp
My personal thoughts are I'd guess because there are still some unknowns. Would it be helpful for the company to highlight deficiencies in the clarity of what is expected? Or could it be seen by the govt that the company are trying to embarrass them?
It seems the govt is undergoing a change in how mining companies are expected to operate. (I've posted that there are news stories of AzerGold holding public consulation meetings - trust me, none of that happened when Chovdar was set up etc)
The company should work with the govt to help them create a new process that is both robust to public scrutiny and workable for mining companies going forward.
@dp
What does the govt of Az want to avoid more than ANYTHING? Public unrest. Over anything. That is its priority, not whether it is costing the local workforce money. Indeed one could surmise it is helpful to them that the protest "the community" took part in has ramifications to the community other than the limited jail time for some for throwing stones at the police.


The govt only recently swapped CA's with AAZ showing a very healthy relationship and attitude to the company. Since then we've had an environmental audit that gave us a largely clean bill of health... but not faultless. It had small failures. The sort of thing an actor of bad faith would have jumped on as a reason to shut us down permanently. I think we have little choice than to work through these new expectations, shaping them where possible with international practices, and look forward to the time when we start to operate a $200m plant, sharing the profits with Azerbaijan, built and paid for by those illegal entities that helped organise the protests.
If one thought we got bad press in dodgy foreign websites over the protests, wait for the howls from those interested entities once we get access to Demirli.
I shared with the company that I hope the company, and the govt, are ready to go on the front foot to counter those bad actors when this happens.

[jeanesy] 20/3/2024 09:37

LBE moving up nicely on minimal trades today so far :)

[donald pond] 20/3/2024 09:21

It is also costing the government and local workforce. I'm annoyed that none of the directors can't pick up the phone to someone senior in the Az government and say - enough!

[2sporrans] 20/3/2024 09:19

jb

Thanks for posting on the dam raise application input by AAZ; this provides a lot of insight as to why the go-ahead to construct is taking a few/several months longer to achieve than anticipated by AAZ following their exoneration last autumn.

Each of these months is costing $millions in lost earnings; a very substantial loss is accruing.

I'm impressed by the trawl of information you are able to garner; none of it available on the 'public domain' that i am aware of.
You've provided such over many years that has, eventually, been corroborated by company news releases.
Guessing you have close contact with [senior?] company 'management' ?
Whatever, thanks.

Why doesn't AAZ release an RNS to inform investors, much as you have?
The advent of a Sustainability Committee doesn't cut it.

[wanobi] 20/3/2024 08:44

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Gold v $ value has held up well,,, wonder if it can stay around here or will be back down to 2000 again,,, we shall see :-)

GLA
Cheers
Wan :-)

[wanobi] 20/3/2024 08:28

fingers crossed Bumpa :-) :-)

I seem to be doing that a lot recently LOL LOL :-)

[bumpa33] 20/3/2024 08:25

Wan - ever since that recent move up from the late teens the mkt feels to me like it’s anticipating news - what will it be and will it be good 😳?!

[wanobi] 20/3/2024 08:22

LBE bid firming up!!

[wanobi] 20/3/2024 08:20

Hum, hmm av68,,, that doesn't sound good, fingers crossed a resolution is found soon!

[bumpa33] 20/3/2024 08:19

I see Evgen had a raise announced post close, raised new money at 1p, new acquisition and a catchy change of name 🙄

[jeanesy] 20/3/2024 08:18

Perhaps we could send them our workers avsome as they have little else to do :(

[wanobi] 20/3/2024 08:17

thanx for LBE L2 Bumpa, Cheers Wan :-)

[bumpa33] 20/3/2024 08:11

Not much doing out there today from what I can see. LBE still strongly bid in 150k, 100k and 100k, just 20k odd on the offer currently…

[avsome1968] 20/3/2024 08:08

No news at hum so workers still on strike down day for HUM? /// will the banks pull the plug?

Notice has been given to Corica to return to work by Tuesday 19 March 2024, failing which the Company will exercise its rights which could include, stepping in to resume mining, and working with alternative mining contractors and equipment suppliers to achieve full mining operations.

The Company is in discussion with its primary lender, Coris Bank International ("Coris"), regarding the potential implications of the situation on forecast production and the cash flows for the Group

[wanobi] 20/3/2024 08:00

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does look to be Rb,,, but, a bit too early to say for sure !?

Cheers
Wan :-)