Anglo Asian Mining Share Discussion Threads

[bumpa33] 30/4/2024 08:58

Prob just being range traded pogue, but with the carrot it could drop news at anytime on partnerships, Norway production deal, Malaysia shallow waters, Kertang etc.

[pogue] 30/4/2024 08:40

Bumpa is the bellweather on LBE, when he buys it starts a run lol. I bought some last week after watching UPL go up and thinking this has to translate over at some point.

[bumpa33] 30/4/2024 08:33

2cmb - indeed, spread was 35/38 at the time. Hate missing opportunities though.

Wan - hopefully, LBE - it’s just too cheap, think mkt got spooked unfairly.

[wanobi] 30/4/2024 08:28

free stock charts from uk.advfn.com


another one bouncing back after a GAP down!!

[wanobi] 30/4/2024 08:26

LBE shaping up to be a good move Bumpa :-)
Cheers
Wan :-)


free stock charts from uk.advfn.com

[donald pond] 30/4/2024 08:14

CHRY worth a look. Portfolio update due any day and a few of their holdings look ripe for revaluation upwards. Starling bank in particular looks grossly undervalued

[wanobi] 30/4/2024 07:54

many thanx for your response Mj & apols, my question should have been,,

so, how did AAZ management convince you the warnings were not warranted back then?

no matter, you've clarified,,, although, the generalisation in regard to the business people of Ireland is not something I agree with,,, as for the Prof, he's probably just doing his best, like the rest of us... :-)

my research was very limited and no doubt, not proper/extensive :-)

Cheers
Wan :-)

[jbravo2] 30/4/2024 07:39

I opened a packet last night rb
As wan would said say, I did LOL last night
However, I suspect my popcorn will go to waste. I bet I can guess the tone of the next message
LOL

[wanobi] 30/4/2024 07:33

Good morning all, Cheers Wan :-)

[avsome1968] 30/4/2024 07:32

RSG should start to make 20% more profit with this gold price/ so hopefully see the share price ticking up steady through the remainder of the year.

Highlights: Resolute becomes fully unhedged

· Total Recordable Injury Frequency (TRIF) increased to 1.74 from 1.71 in the prior Quarter with five recordable injuries at Syama during the Quarter

· Gold poured of 76,351 ounces (oz) (Q4 2023: 80,307oz) in line with expectations at both Mako and Syama given the scheduled fourteen-day shutdown on the sulphide plant - representing approximately 7,000oz of gold production

· All-In Sustaining Cost (AISC) of $1,487/oz in Q1 2024 was similar to Q4 2023 ($1,480/oz) despite the lower amount of gold poured during the Quarter

· Quarterly gold sales of 69,000oz at an average realised price of $1,950/oz (Q4 2023: 79,480oz at $1,954/oz) as the last remaining hedges were fulfilled. Gold sales were delayed by the Easter Weekend Bank Holidays

· Quarterly capital expenditure of $24.7m (Q4 2023: $16.5m) with non-sustaining capital of $15.5m, sustaining capital expenditure of $9.2m and exploration spend of $2.3m

· Final $25m repayment made on the Term Loan Facility leaving Resolute fully unhedged

· Substantial cash generation of $34.7m before debt and interest payments

· Net Cash of $33.9m (up from $14.0m in Q4 2023), including Cash and Bullion of $80.7m

· Earthworks for the Syama Phase I Expansion commenced with the project on track for ramp-up in Q2 2025

· Continued development of Mako mine extension with an initial Mineral Resource Estimate (MRE) at the Tomboronkoto Prospect declared on 24 January 2024 of 10.7Mt grading 1.2g/t Au for 403,000oz estimated at a cut-off of 0.5g/t

· Resolute remains on track with 2024 guidance for production (345,000 - 365,000oz), AISC ($1,300-1,400/oz) and capital expenditure ($115 - 145m). Gold production remains weighted towards H2

[riggerbeautz] 30/4/2024 07:22

Oh hello, do I need some popcorn?

Will be interested what the market makes of CRPR as a feel for sentiment, no small fry and obviously warned previously of a tough market but the update today is speaking fairly positively and indicating they will at least slightly better expectations.

[bumpa33] 30/4/2024 07:18

DELT - CEO lays into UK govt in Pensacola update today.

[mattjos] 29/4/2024 23:43

Not sure what point you try to make wanobi - did you personally do any proper research on the asset?

I did express my strong reservations in person to Reza Vaziri against this deal at the time (email dated 21/7/2020 "Irish JV - Really??") it was announced & I have kept all those mails, as did several others.

My biggest concern was the 'Irish' angle ... renowned for talking a good talk in such situations but cannae be trusted in such matters.
(Same email date; "... I know how ‘persuasive217; & friendly the Irish can be in business but, not always trustworthy in my experience.")


Following discussion, the GEO did look signifcant and i understood the technical appeal of the transaction hence my subsequent enthusiasm ..... but, I should have stuck with my gut instinct that Prof. Conroy is a charlatan & in subsequent meetings with Reza Vaziri, he agreed and accepted my initial reaction was indeed correct (AGM, 2022)

Reza is an individual who puts his best foot forward and always endeavours to act in good faith & therefore, reasonably, expects reciprocity - hence my investment in AAZ.
Sadly, such behaviour seems increasingly less commonplace.

Conroy is undoubtedly sat on a decent Gold resource but, it will never be mined with Prof. Conroy at the helm - much like Anglesey Mining.

Eventually, when commodity prices reach much higher levels, these things will all get mined in some way or another .. it's either that or we all starve and freeze until such time as extra-terrestrial mining becomes cost-effective - just simple maths re. mans avaricious greed on a planet with finite resources.
Try dividing a finite number by infinity

[wanobi] 29/4/2024 22:41

RNS Number : 5975T - Anglo Asian Mining PLC - 21 July 2020
Formation of a Joint Venture with Conroy Gold and Natural Resources PLC

Mattjos - 23 Jul 2020 - 16:13:40 - 37992 of 60031

maybe a few people have decided to do some research on the Conroy deal .. I'll admit to having been rather sceptical when announced but, after some email dialogue with the company & then quite a few hours of my own research, have concluded this is potentially as big, if not bigger, than all we have in Azerbaijan right now.

Mattjos - 29 Apr '24 - 21:10 - 60028 of 60030

many of us contacted the BOD as soon as the JV with Conroy was first announced and warned against it.

The Irish blarney is strong with Richard Conroy and co. but all they really interested in is to mine the market & never to mine any gold in Ireland.

so, did AAZ management convince you the warnings were not warranted back then ?

[jbravo2] 29/4/2024 22:00

It was always bonkers anyway for Conroy.
How is anyone going to make a profit mining gold at 1-2g/t whilst paying western wages, western costs and dealing with western permitting unless you’re in some of the truly big expanses allowing huge open cast mines for mind boggling scale.

[katsy] 29/4/2024 21:40

I was in Galantas gold back in the 2000's, Nothing but trouble dealing with NIMBY action the whole time. Almost impossible to run a proper mine in that sort of environment.

[mattjos] 29/4/2024 21:10

many of us contacted the BOD as soon as the JV with Conroy was first announced and warned against it.
The Irish blarney is strong with Richard Conroy and co. but all they really interested in is to mine the market & never to mine any gold in Ireland.

[stevea171] 29/4/2024 20:41

AAZ ditches Conroy Gold. Now Demir Export exits JV with Conroy. Conroy lookin for a third suitor if they can find one.

There's gold there in Ireland but no one wants to deal with the Prof or the politics of mining in Ireland. So we can now see AAZ's exit saved the company plenty of time and cash from being wasted ....

[sideshowbull] 29/4/2024 19:17

I have a PXC chart if anyone interested watching only - never dabbled but have a few friends in..

Looks semi decent from TA view.

Good but not great yet:

Gap fill done and semi break of main bear channel.
Stay above 16p and higher V positive.





No advice
BWTFDIK





SSB

[jbravo2] 29/4/2024 19:13

Copper prices are mouth watering.
Looking forward to news on Demirli and it’s start up

[2cmb] 29/4/2024 18:23

Oh Wan ' very nice explanation of patience. Please try and exercise it.
:-)
We don't want you suffering from Anxiety.
LOL all remarks directed at you are all ment in jest and good humour.
You are a very gentle character nothing like me. :-) :-) LOL.