Anglo Asian Mining Share Discussion Threads

[michaelfenton] 04/4/2024 04:03

Stop moaning and remember this shocking problem is not down to management.It is down to the risks of doing business in Azer?

[bozzy_s] 03/4/2024 22:23

Thanks 2sp - that looks more realistic. I thought my cherry-picked numbers were a bit too good to be true!

Still, with gold pushing for $2300, it wouldn't take much to see AAZ profitable again. And copper - I've just noticed it's jumped again, above $4.20. Happy days for miners. Shame we're not one at the moment.

[2sporrans] 03/4/2024 22:16

You're right to point it out digger; such a large, non-recurring expenditure.
I recalled it after posting & maybe ought to have revised down my estimated cash burn a tad.
There will be other substantial 1-off CAPEX spends qtr by qtr but that was a biggie.

All part & parcel of Gilar's contribution to come :0)

Could also factor in that as q4 gold sales were only 2.4-mn-oz v 3-mn-oz produced, my cash burn estimate ought to be trimmed pro-rata.

Guess there will be other oversights; it was just a quick take to grasp the magnitude of the cost of this impasse.
Would say $3mn net cash burn per month [v $4mn] greatly change the picture?

[mattjos] 03/4/2024 21:32

Big, big, powerful pattern, eleven years in the making means there will be tremendous pent up energy in this spring upwards:

[someuwin] 03/4/2024 20:53

Taseko Mines LSE:TKO has finally broken out to new highs.

All permits and funding in place for Florence, so just the build out to come for what will be one of the greenest and most efficient copper production projects in the world.

* Gibraltar Mine British Columbia - second largest open-pit mine in Canada and the fourth largest in North America. Will continue producing Copper and Molybdenum until at least 2044.

* Florence Copper Arizona - Has been in development since 2014. Will start production of low-cost copper cathode production in the heart of America’s EV, solar, and semiconductor manufacturing sectors Next year. 85 million pounds of LME Grade A copper metal each year and a mine life of 22 years.

* Yellowhead Project - Early stage but with 25 Year mine life has potential to be one of the most significant copper mines in North America.

* New Prosperity - Early stage but is one of the most significant copper-gold properties in Canada.

[bumpa33] 03/4/2024 18:38

As said previously I hope it comes good wan, Mm’s are usually slow on the uptake with AAZ so may present an opportunity…whichever way the cookie crumbles.

[bumpa33] 03/4/2024 18:35

AiE - I only checked late on and favoured the offer in size, don’t know about earlier in the day though…

Well done on MTL chaps, nice move. Is Paul Johnson still involved, or maybe I’m thinking of another “Metals” ?!

[wanobi] 03/4/2024 18:34

AAZ,, indeed Bumpa :-)

apols for a lot of focus on AAZ here at the moment,, we're all a bit nervous,, well, maybe not all of us,,, but a lot I think,,, certainly moi right now :-) :-)

the thread will settle down once we know what's what with the TD,,, good or bad !!!

Cheers
Wan :-)

[wanobi] 03/4/2024 18:30

nothing surprises me about this game cmb,,, anything can happen in the next 5 minutes :-) :-) :-) LOL :-) Cheers Wan :-)

[e43] 03/4/2024 18:27

Sold a few MTL 2day to go to free carry,management have done a great job,in a traditionally tricky jurisdiction.

[all in eol] 03/4/2024 18:26

cmb
I bought two trading lots today so I’m thinking and hoping positive news is in the post.

[2cmb] 03/4/2024 18:09

AiE, I feel there is a possibility of a big rerate of AAZ shareprice relevant to the TD news.
I suspect that AAZ is no longer without a leak anymore. If and when the news lands and I suspect it could land tomorrow then I will go all in. It all depends on the news ofcourse.
NAI as per normal.
ATB on however you decide to play it.

[all in eol] 03/4/2024 17:39

AAZ
late trade at 58p 50000 did the trick.

[all in eol] 03/4/2024 17:31

Bumpa33
Hard to buy AAZ under 60p, but once we approached what I believe is resistance the tap was turned on..

[mattjos] 03/4/2024 17:30

Powell & the FED coming across as not knowing what the hell they should be doing or, more likely, flip-flopping as best they can to try and keep the markets onside for this year but commodity markets don't seem to be smoking the same stuff and they can see the inflation reaccelerating ... I think if we're all honest, its no way time to consider cutting rates. If anything the data points towards more rate rises being necessary in the USA.
Situation in Europe and the UK looks much weaker & we may end up cuttting here before the FED does.
Whole thing is like the Mad Hatters Tea Party and arguably has been since 2009 ... everyone wants the Tea Party to keep going ad infinitum because no one can face what happens when it ends.

[digger18] 03/4/2024 17:19

2SP don’t forget $4.7m was spent on capex in Q4 for the Cat mining equipment.

[2cmb] 03/4/2024 17:14

Wan' don't be surprised tomorrow AM if you see an RNS from AAZ. Flurry of buys gone through after 1PM today !! Let's see what tomorrow brings. LOL all the fun of investing. Don't rush to take profits depending on the news ofcourse. Lot of news to come after the TD news.
GLA and ATB.

[mattjos] 03/4/2024 17:13

Just has an email from local Ford dealer with their new EV Promotions

£3,500 Deposit contribution, 0% APR and £500 Upgrade allowance on a new Transit .... they are desperate to try and shift what no one wants.

Meanwhile, it's 14 months wait for a new Diesel Transit - which is what businesses want

[bumpa33] 03/4/2024 16:41

interesting/frustrating day, had the offer in GDR first thing at 4.55 but was gone in a flash and I wasn’t chasing it, certainly not with funding still a question. LBE well bid all day but down on the day. I note FY results are due/late, my slight concern is what the cash level will show… SND very well bid, over the mid in fact in size - I wonder if Rox are buying all this “cheap” stock, option money down here, could triple or equally disappear 😳

Watching AAZ, nice rise on the day but looked offered to me…

[michaelfenton] 03/4/2024 16:28

That should not really sppook anyone. Assuming good news soon we can get cracking again and look to a rosy 2025+. I am a longterm holder and can see us being a great miner (which we are0 again in the future on a much larger scale.

[michaelfenton] 03/4/2024 16:09

I am surprised anyone is selling this afternoon?

[katsy] 03/4/2024 15:37

Lets hope something has leaked about the TD but not the TD itself.

[bozzy_s] 03/4/2024 14:59

Thought I'd revisit that horrible day last September, and pick up a few snippets from the interim results:

"The current costs of maintaining the Group's operations on a "care and maintenance" basis including administrative overheads in Baku and London is estimated at $1.5 million per month"

"Heap leaching continues as normal with 3,684 ounces of gold produced from 1 July to 22 September 2023"


So in theory, if zero expenditure on Gilar etc, the company can cover its overheads and make a small profit at the current gold price.

3684 * 365 / 84 = approx 16,000 oz per year, if HL maintains the same output rate year-round.

16,000 * $2250 = $36m turnover from HL

$18m overheads on care/maintenance

Minus costs of running HL

Should leave us around break-even at worst?


Would welcome thoughts from those who know better - such as whether HL runs smoothly all-year.