Anglo Asian Mining Share Discussion Threads

[all in eol] 17/4/2024 16:38

Out of my AAZ trades for a good gain for a day. Still have my core if TD news catches me out. And less risk in the event of a snake of any kind.
That’s the way I’m going to keep rolling.
If I’d have held onto my MEN trades from yesterday I’d be looking at a 30% reversal today…

[digger18] 17/4/2024 16:20

Yes it’s cheap KS! I am in but unfortunately the liquidity is always low and the share seems unloved. However, it can’t stay in the shadows for too long can it?

[king suarez] 17/4/2024 15:44

Some maths on ALTN potential for next year:

1m tonne capacity x 2g/tonne = 2m grammes/31 = 64.5k oz x 0.84% recovery = 54k oz p/a

54k oz x $2,350 = $127m revenue

Less cash cost of say $1,100/oz (should be lower - coming down with scale*) = ($59m) cost.

EBITDA = $69m

Less depreciation est $160/oz from accounts = $9m (scaling up with > production)
Less admin est $8m from accounts inc some inflation
Less finance expense est $4m from accounts

Profit before tax = $48m (anyone know the corporate tax rate? Looks like 20%?)
Operating cash flow = $57m (before any tax payable)
------------------------------------------------------------------------------------

*ALTN total cash costs (excluding depreciation) were $19.2m in H1 2023 - this could rise to $25m per HY or $50m per FY and STILL be under $1,000/oz @54k oz/pa - I have put in $59m.

Market cap is £34m today.

[2cmb] 17/4/2024 15:22

RB' comes a time in one's life where you have to holster the six shooter as much younger ones are faster on the drow. :-) :-).

It's Wan who puts a smile on my face. He gets worried a lot and gets stressed out quite a bit at times. Life has taugh me as to what useless emotions worry and stress are !! I sit back and take things as they come these days.
Well I am already in profit with this morning's purchases. It is a small but a very good start to AAZ shareprice increase.
One day Wan would be sitting on the beach drinking Rum out of a coconut with his Panama hat on and Rayband dark glasses, reflecting on al this. :-) . I can just picture all this in my mind. ?😎👍
The best thing he did in life was to over invest in AAZ. Instead of keeping his pension and savings in a bank. Time will ofcourse answer all this for him.
Senior Wanobi on the beach again!! Comesta senior Wanobi. :- :-).nice 😅🤣👍😄8513;😁
Have a good day all . I certainly am.
ATB.

[riggerbeautz] 17/4/2024 14:04

Anyway we’re blue on the update, which is quite a remarkable feat and shows something of a PR achievement for this board, in that they have finally got how to deliver news; which was a past criticism of mine and others.

[riggerbeautz] 17/4/2024 13:56

I’m not jealous in the slightest CMB, honest ;)

Bozzy probably someone fearful and not really taking a long term view, so few do these days, understandable in current markets, but it’s the kind of panic trading that over time generally makes brokers rich and traders less so, if at all.

[bozzy_s] 17/4/2024 12:39

39,485 seller @ 55.6p must be feeling rough. Ouch!

Decent enough update. Happy to see one of our two signposted 'bad news' days has only taken 0.5p from the price. The bid actually being higher than yesterday.

FY 2023 results to get out the way. They might be after TD wall raise, and have even less of an impact.

[2cmb] 17/4/2024 12:34

Hi JB. I wish to thank all the very good contributors on this thread for their contributions of very good research like 2SP, Matt, yourself and many more.
A profound THANK YOU GUYS FOR YOUR INPUT AND TIME.
ATB and GLA.

[2cmb] 17/4/2024 12:16

LOL RB I had to start wearing reding glasses when I was around 50 years old. Now after the cataract operations I have to wear glasses for driving. I can read small print fine. I will be 77 in July this year. I reflect on life and all I have now is those beautiful memories of life.
Many women came and went in and out of my life.
Zarima was from Crimea she was 40 years old and I was over 65 then. I met her in Cyprus and she was with me for 4 years. She wanted to get married!! No chance there once bitten twice shy me !! There was Shengul from Izmir Turkey and Mary from Solihull UK. Many more but not long termers.
All very good memories.
These days driving the unfortunate ones to various places and passing time among old fogies playing cards to pass the time. All are part of lifes rich tapestries.
I am reading a book that I find very interesting. The Day After Roswell.
Astronomy and Physics as my main hobbies. I was a fully qualified Electronics Engineer in the old days.There are not enough hours in a day even now. I am never bored. I call stockmarket as another hobby.
ATB to all.

[cybernest53] 17/4/2024 12:02

What most convinced me to buy some more today is even the down ticker seems to be excited! 😉 I've probably spoken too soon! 😁

14:30 Edit: I see someone's having a laugh. 😁 Not unexpected to be the only one with a down tick after my comment! lol Very funny 😁 you W ⚓️ϛ5;️⚓5039;

[jbravo2] 17/4/2024 11:51

Lots to be enthusiastic about.
Once it sinks in about the Russians leaving and what it means for further developments...

[cybernest53] 17/4/2024 11:29

A pleasant surprise not to be greeted by doom and gloom... on the contrary. Lots of enthusiasm around. Contagious.... I've added too in the hope of news on the TD... before Christmas! ;)

[donald pond] 17/4/2024 11:25

I bought some back this morning. All we need is that dam news

[all in eol] 17/4/2024 11:22

AAZ going Blue shortly?

[jbravo2] 17/4/2024 10:59

The Russian peacekeepers have started to withdraw from Karabakh.
The next stage of Karabakh's redevelopment is starting...

:)

[riggerbeautz] 17/4/2024 10:42

LOL funny. Don't think too long CMB, might affect your eyesight :)

[jbravo2] 17/4/2024 10:14

Spare time... :D
👍🤣

[jbravo2] 17/4/2024 10:12

Good luck to you cmb.
I'm with you. Second time around for me though. First time was also AAZ
:D
Who says lightning can't strike twice?

[wanobi] 17/4/2024 09:47

:-) LOL :-) cmb,,, never thought I'd be saying this to you,,, but,, calm down! :-) :-) LOL :-) :-)

[wanobi] 17/4/2024 09:45

apols for the crudeness of my cup & handle Mj,,, but, I think it illustrates your point :-) Cheers Wan :-)

[2cmb] 17/4/2024 09:45

Wan' a write up in Proactive Investors today re AAZ.. Reza Vazari thinks we will get permission from the Azari Government before too long re the TD and I agree with his thinking. After all he has got a lot invested in AAZ. So I am hanging on to his shirt tails :-) :-).
Wan' thank you for the chart. Cup has formed and the handle will complete before too long too. Sky is the limit then. I am getting carried away ?? Why not. ???
When others are fearful, et etc, Warren Buffet is the sage. LOL.
ATB.

[wanobi] 17/4/2024 09:35

fingers crossed for you, for us all cmb :-) Cheers Wan :-)

[wanobi] 17/4/2024 09:34

free stock charts from uk.advfn.com