Anglo Asian Mining Share Discussion Threads

[all in eol] 15/11/2024 18:16

Bumpa33
Controversial I know but what’s your view on AAZ currently?
I really thought AAZ would push through £1.20 but obviously it hasn’t. Good buying today maybe signals bottom of the range for now?
Gilar pushback and commodities losing their steam hasn’t helped.
Lots to look forward to so….

[bumpa33] 15/11/2024 17:57

Further re: AGL, raised in June 24 £8.6m, had £17.9m cash at the interim 30 June 24 - including that raise, loss for the period of £7.7m, down from £9.8m previous H1. Have stated they’re cutting costs leading to savings of £8m to Dec ‘24. Simple math would say they’re probably not far off the cash levels they last raised at, even taking into account the cost savings. Revenues still minimal. Last raise at 15p, not a good look if placing below previous levels, a cynic says the recent share price action is a prelude to another one coming down the pipe…?

[brasso3] 15/11/2024 17:22

$36 trillion on the board!!!

[mattjos] 15/11/2024 16:21

amazing how when Schulz does this, everything is groovy but when Victor Orban does so, he is instantly vilified as a Putin supporter.
Trum's election is going to rapidly switch a lot of narratives & now the likes of Schulz & Marcon & the EU generally are all running scared of Trump and on the quest for brownie points from him ..... will all give additional heft to a peace process.
Putin probabky wants to make sure he kicks Ukraine out of Kursk first though, hence the big tropp build around it including N. Koreans. Putin will deffo want it to be seen domestically that he kicked the Ukrainians out.

Meanwhile, Rusia keeps taking more territory at an accelerating rate in S. Donetsk.

Zelensky's days appear numbered to me.

[jbravo2] 15/11/2024 15:30

I presume they'll keep using the Gedabek/Gadir?/stockpiled ore til Gilar is ready. Can't think that Zafer was got to actual production ready status, just before they decided to prioritise Gilar.

On the upsides...

The flotation plant has restarted as scheduled. It will process in parallel rather than in series, until the Gilar ore is ready. It was due to be processing at full rate from today onwards.

The dam wall raise is going as scheduled. The rock has been finished. The oversanding has been finished. It is now being lined and should be finished by the end of the month as scheduled.

Dore sales in October netted over $7m

[bumpa33] 15/11/2024 14:54

Bumpa3315 Nov '24 - 08:37 - 70722 of 70730
GROC - interesting news. Can it break free from its ALBA past/shackles?


answer - no. 🙄

[2sporrans] 15/11/2024 14:48

Thanks for responding at all jb :0)

Oh well [no pun], a fair lot of water to pump out could well explain AAZ's decidedly broad target for ko of Q1.
Could be January; then again maybe March.
My thinking now being:
How much water will they encounter when constructing the production passages?

Whatever, once the ore is trundling, it will probably keep doing so, until the next development phase.
If there's a lengthy hiatus then, they ought to have Zafer all warmed up to pitch in as temporary substitute.

[king suarez] 15/11/2024 12:59

Trouble at OPG?!

[jbravo2] 15/11/2024 12:41

@2sp re 61786

Sorry for the delay in responding.
Yes a couple of months behind seems likely to me.
Hmmm. Shotcreting does indeed make it stable, although apparently it's also wet down there which is part of the problem. Googleearth shows a small pond in front of the mine entrance. I presume they're pumping out into that which then decants into the stream leading away from the mine, but of course googleearth is out of date I've no idea if that is still accurate.

[bumpa33] 15/11/2024 12:39

lost track of that one a bit jbe81 - wasn’t funding a question? Isn’t it always? 🙄 Parsortix is really interesting, but it’s been a disaster for holders…

[2sporrans] 15/11/2024 11:45

"Wasn't there a cop summit in 2007 where Gordon the moron Brown congratulated himself for "making poverty history"?"

Although i cannot recall that particular pronouncement by Gordo, it does chime with his concurrent claim to have 'abolished' Boom & Bust cycles in the UK.
Well, he can be credited with contributing towards half of that feat.

[laurence llewelyn binliner] 15/11/2024 10:56

It is farcical, COP28 in Dubai was used as a sales convention for OnG deal making, COP29 was more of the same, they are not even pretending to be interested in making reductions of anything, just to gift money to other countries effected by the rising tides..

[jbe81] 15/11/2024 10:18

Bumpa, thoughts on AGL? I mentioned it here earlier in the week at 10p

[lefrene] 15/11/2024 09:58

Mattjos, it's a priesthood, and whilst it remains lucrative it will attract acolytes, who can strut their stuff on high salaries and occupy the moral high ground! Is this how civilisations collapse?

One notes there's nary a mention of volcanic pollution. But when you're foisting a cult onto the population, it might be inconvenient if natural gas emissions far far exceeded that of industry.

In the meantime quite assuring to see the President of Azerbaijan declare oil and gas to be a gift of God, and that the Azeri's contribution was about 0.1% to supposed CO2 pollution, presumably implying that the Azeri's were carrying on business as usual!

I feel we could/should make a vacancy available for him at Westminster!

[foetus in your brain] 15/11/2024 09:46

Wasn't there a cop summit in 2007 where Gordon the moron Brown congratulated himself for "making poverty history"?

[wanobi] 15/11/2024 09:00

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nice rise!!

[wanobi] 15/11/2024 08:57

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ouch!!

[wanobi] 15/11/2024 08:54

cough cough splutter,,,, some believe so by the looks of the recent chart shape..!?


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Cheers
Wan :-)

[wanobi] 15/11/2024 08:52

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YIKES,,, just look at how far its fallen away since we stopped looking at it....

Oh what a game!!

Cheers
Wan :-)

[bumpa33] 15/11/2024 08:37

GROC - interesting news. Can it break free from its ALBA past/shackles?

[mattjos] 15/11/2024 08:26

1.5/16p on offer at STCM