Anglo Asian Mining Share Discussion Threads

[riggerbeautz] 18/7/2024 10:23

Think I’ll be doing the same with the furry feathered one too; struggling to get to 7p, might have to settle for a packet of crisps on that one.

[pogue] 18/7/2024 10:16

Looks like CTL taking a breather, you did well to take profits RB.

[all in eol] 18/7/2024 10:07

AAZ
Hard to buy this morning but back in my trades. Update was much better than I expected.

[bleepy] 18/7/2024 09:52

Aaz probably as frustrated with the “over promise,under deliver” of their masters against their own policy of “under promise, over deliver”. Such is politics.

[sammu] 18/7/2024 09:48

I had difficulty getting a quote around 9am. Tight market. The small increase in net debt is better than I had expected. Although as I recall the year end net debt was heightened somewhat by carry over of sales into the current year.

[katsy] 18/7/2024 09:42

There was an intraday RNS last October that propelled the share price up from the lows in the 30's

[mattjos] 18/7/2024 09:39

Fingers crossed that 'imminently' is actually only as matter of hours and we can have an intra-day update today and therefore not leave a gap that may bother folk.Been a good many years now since we had an intra-day positive RNS .. the last one being the final ignition of the blue touch paper that moved the shares from 19p to 80p

[riggerbeautz] 18/7/2024 09:32

Well done Bumpa you predicted it after hours yesterday.

Looks like fewer people caught out with any negative vibe on AAZ and a few more people seeing it as looking like the last chance to buy before TD restart.

[mattjos] 18/7/2024 09:30

Once we get past this, I am thinking to updater the header with a definition of various expressions with regards timings to help investors.Something like:'In Due Course=''Shortly=''Imminently='Just now waiting to see exactly what imminently equates to

[digger18] 18/7/2024 09:07

I agree Katsy. If imminent and confident, why not get on with it? Unless it’s politically sensitive and would appear arrogant?

[bumpa33] 18/7/2024 08:46

managed to get short PPP at 3.51 down to 3p - closed out 2.5 to 2.6

[laurence llewelyn binliner] 18/7/2024 08:33

Interesting to note the ounces/tonnes produced are down 4/5, but the flotation side has doubled capacity since 2023, when we can turn it all back on the results and income from 2,500 POG /10,000 Copper will be quite a thing to see, and the Silver credits will pay for the smelting fees, debt will melt away PDQ.. :o)

The new Zinc line will be earning too as soon as Gilar U/G comes online..

[katsy] 18/7/2024 08:32

The company has a months leeway on dam capacity so if they are confident the permit will come imminently then why don't they just start production again.

[terropol] 18/7/2024 08:14

Dodger, looks now Azergold involved in managing government's mining duties.
They are trying to make mining a bigger industry in AZ, Having set up a new ministry run by people who don't understand mining (hence the delays), The future decisions should be resolved much faster with latest changes in the structure.

I am also guessing the full operation will restart any time in the next few days.

Meanwhile the company keeps going on with the activities, and having seen the Q2 result's, it should be a quick return for financial stability and resume dividends payments.

[michaelfenton] 18/7/2024 08:02

Dodger - I try to be logical - however???

[jbravo2] 18/7/2024 08:01

:D
51:49
Same as it ever was
Close though

[michaelfenton] 18/7/2024 08:00

dp Government have digitalised their systems and this is causing a slight hiccup? Hopefully all systems go next week.

[dodger777] 18/7/2024 07:59

The a amount of guesses you’ve taken at this michael I’m sure you’ll get it right some day 😆
It’s a ridiculous carry on the time waited for a simple thing to get sorted. Concerns me for future when we have bigger things to get approved.

[donald pond] 18/7/2024 07:57

I went through this with PXC. As a business there are timescales you don't control, where you are dependent on the actions of others. You are damned if you try to estimate and damned if you don't.My view is that AAZ don't want to issue a trading RNS on a Friday, expected the permit to arrive this week and so held off the RNS as long as they could. They are clearly being told everything is in order and it could arrive any time. I'm just baffled why it has taken over a month to go from approval being granted to approval being issued.

[2cmb] 18/7/2024 07:49

Morning Mr.Fed up.
LOL, the rich tapestry of words !
Well the new PSA is 50,50% sharing now, hopefully I have that right.

One good thing here, it will certainly stop the MM,s from gaping the share price up I hope.
The famous Wanobi Gaps. :-) :-).

[michaelfenton] 18/7/2024 07:47

I am sure the company is doing it's best remember the Board have far more skin in this game than any of us? If I had to bet I would say next week.

[jeanesy] 18/7/2024 07:47

at least the costs are being kept under control. I wish they wouldn't use words to describe when they expect ... they clearly have no idea !

[mr fed up] 18/7/2024 07:44

Morning 2cmb.i think imminently means all we have to do is open this letter thats been on the desk for 2 weeks .pass me that letter

[arlington chetwynd talbott] 18/7/2024 07:39

Imminently: for a definition, see SYN. Basically, not as soon as you think.