Anglo Asian Mining Share Discussion Threads

[foetus in your brain] 13/11/2024 08:38

Well, this week couldn't have been much worse for AAZ. Very frustrating

[bumpa33] 13/11/2024 08:37

fair enough jb2, thanks for clarifying . Cards on the table, just closed short at 96.8 from 110 average.

[wanobi] 13/11/2024 08:36

free stock charts from uk.advfn.com


yep, well on its way now jeanesy...

Cheers
Wan :-)

[wanobi] 13/11/2024 08:35

Good morning all, Cheers Wan :-)

[bumpa33] 13/11/2024 08:16

quick in and out on the short side HEX, for a few pence…

[foetus in your brain] 13/11/2024 08:13

On Gilar shouldn't they have stockpiled ore they could use to augment the fees during any delays getting to full production.

[jbravo2] 13/11/2024 08:12

It is out of date bumpaIt is true one of the refiners had pressure put on them and decided it wasn't worth the earache from "activists"The other had a visit from the company and decided otherwiseThe company also lined up probable alternative refiners outside of Switzerland if they'd also decided to pull outOld news from those opposed to the Az regime and those who have lost their illegal mine, plant and "state".

[drkhalidm] 13/11/2024 08:12

Looks like a retrace to 80p on the cards now, another chance to top up

[foetus in your brain] 13/11/2024 08:08

At least with Bill speaking we know there's no chance anyone will come away from the conference excited

[jeanesy] 13/11/2024 08:06

Looks like a further delay for Gilar production . No mention of why. Was hoping they would say something about TD wall raise finish time but haven't unless ive missed it. Could fall to that GAP after all WAN !

[2sporrans] 13/11/2024 07:51

jb

If they're only now about to commence on the production galleries, could be a few months until they extract ore.
3, 4 or even 5 levels of galleries, connected by ramps; including chambers to drill out from.

So, methinks "Tunnelling almost finished" is an accurate statement;
"Development of mine almost complete" far less so.

AAZ did mention tunnelling delays on account of fractured rock / faultlines; until now kept with their target of first production in December.

Oh well, as long as all is stable and dry - no underground lake or whatever - no big deal.

As long as the grades come out in line with the JORC, 2025 still looks to be as good a year for production as any; the best ever, if gold & copper prices at least hold around current levels.

[bumpa33] 13/11/2024 07:27

HEX - helium drill results. 🤔

[brasso3] 13/11/2024 06:53

As I said last week. The share price looks to be heading back to the 90p to 100p area.

Clearly a few more months before anything interesting happens with operations.

[bumpa33] 13/11/2024 00:34

you might not like the article, but dismissing it out of hand and as out of date…?


”Several former clients of Gedabek mine were more cautious and ended business relations with AAM before the events last June. Argor-Heraeus, another major industry player, previously refined 10% of the mine’s gold in 2020 and 2021, but is no longer involved in Gedabek. “We suspended our relationship because Anglo Asian Mining did not react on a regular update request on our ‘Know Your Customer’ (KYC) process,” Tore Prang, the group’s communications and marketing manager and executive vice-president, told the consortium, which would require AAM to answer questions yearly to help the refinery prevent, mitigate, and manage risks that compromise responsible sourcing. Prang also mentioned “a lack of information,” on the internal operations of AAM that led to the partnership’s termination in May 2023“

I searched through previous results and sure enough gold sales to their two refiners MKS and Argor-Heraeus were mentioned. In the latest results however, only MKS - no Argor-Heraeus. So they were right the contract has been terminated. Question is whether they were right as to why.

[katsy] 12/11/2024 23:35

How many month ago did they say possession of Demirli would be handed over in 3 months? That was probably 6 months ago.

I will buy more AAZ but I have time, loads of time in fact.

the following saying always applies to AAZ "Always too soon but never too late."

[mattjos] 12/11/2024 23:06

"..Now, what many people, and I think, and I'm looking, we've obviously seen quite an improvement in our share price since announcing that we've started the program based on that excitement. But I think many people are saying, oh yeah, they started drilling. But in three months from now, we'll see the first results because that's the experience in Canada, in some other locations. But our labs are in Colombia and we get turnaround times of two weeks, many times less than two weeks. So we expect to get into a solid news flow of being able to put out drill results in a consistent manner. This is a year round program. We've started the meters and it's basically minimum, we see news flow coming out at least on a monthly basis, and it could be starting soon."

[bumpa33] 12/11/2024 23:02

on balance, that would be my instinct too wan.

[jbravo2] 12/11/2024 23:01

The tunnel to the ore body is nearly finished but they then have to create the production galleries.
The pic on slide 11 mislabelled “drilling at Gilar mine” is the reason for the slower than hoped progress, it’s not a pic of drilling, it’s a pic of the tunnel being shotcreted which has been needed for large parts due to the fractured nature of the ground.

[2sporrans] 12/11/2024 22:55

Thanks All in Eol

Noting this latest presentation is dated 13th november, yet already available on the AAZ website, suppose an RNS might be released tomorrow notifying investors of its release.

Yup, Gilar ko now Q1 2025.
Wish could be January; left very open.
No mention of any problems and states:
"Development of mine almost complete "
"Tunnelling almost finished"

So, guess yet a little more patience called for :o)

[podgyted] 12/11/2024 21:39

? No move in LBC share price tonight.

[foetus in your brain] 12/11/2024 21:28

Well, I only hope the lefty journalists who wrote that hatchet piece never visit a mine in Africa...or look into cobalt production

[wanobi] 12/11/2024 21:08

my instinct, fwiw, says "something else" ,,,, "underhand",,, could be !!!