Anglo Asian Mining Share Discussion Threads

[jbe81] 18/8/2015 19:14

Hope in 2 months times things are looking much better

[jbe81] 18/8/2015 19:09

Can change very quickly Matt, or not! Think it is still a good buy at these levels.

[mattjos] 18/8/2015 18:45

Where indeed! Or any photographs on the company website.Still inadequate buying volume to remove Bashirov from the register, despite the seeming lowly valuation. Have to assume that he is still in the background looking to offload and so the waiting will persist and so too the reduction in value by the looks of it.The company & it's advisers need to step up their efforts to find a buyer to take out Bashirov else risk a much more general loss of confidence on the market.Few reasons for cheer at present

[brasso3] 18/8/2015 12:10

Half way through Q3. Where is our RNS on the floatation plant... :)

[jbe81] 18/8/2015 12:07

Looks like Cantor are listening Matt

[mattjos] 17/8/2015 15:13

14% spread on the stock is ridiculous atm. come on Cantor, if you've got stock to shift then offer it lower and make a market as you are supposed to do

[ferries5] 17/8/2015 12:11

Small article in the business year.

DIG DEEP

Azerbaijan 2015 | INDUSTRY & MINING

hxxps://www.thebusinessyear.com/azerbaijan-2015/dig-deep/b2b

[mattjos] 17/8/2015 09:55

Q3: 16,100 | Q4: 17,000 = 33,100
33,100 / 6 = 6,620 ave per month for H2 2014

6,620 x 5 = 33,100 (as a straight projection of the remaining last months of this year)

42,600 + 33,100 = 75,700 (projection for the full year)

Add in the anticipated circa 5,000 oz from the Flotation plant & 80,000oz would seem achievable.

At average pog $1,100 for the year that gives $88m revenues.

Obviously we do not yet know how the rest of the P&L will pan out but, a mkt cap @ circa 10% of the total revenues of the business seems bizarre.

[brasso3] 17/8/2015 09:41

The new plant is expected to produce an additional 5000oz of gold per year at $100 per ounce costs. That would be a 7% increase in production and those cost savings should reduce overall gold production costs by $50 - $75 per ounce. Could AAZ be down to $800/ oz all in costs by year end...

[brasso3] 17/8/2015 09:03

Wimbled

I think we should find out in October but not an unreasonable assumption at present. I think by year end it should be possible to reduce to debt to $35m.

[jbravo2] 17/8/2015 09:03

I make it 6700oz, but close enough for no difference.
I "think" costs will be below $900 and about to fall further with the new plant.

[wimbled] 17/8/2015 08:58

Well done AAZ. On target for 75k oz. All in cost must be near to $950 or below.

[brasso3] 17/8/2015 08:41

The full year projection is 70,000 - 75,000oz.

At 42,600oz for the first 7 months of the year they are on target for this. Another 27,400 - 32,400oz required for the remaining 5 months. That will require an average monthly gold production of 5480 - 6480oz for the rest of the year. With the floatation plant about to come online I think they should get beyond 75,000oz.

Edit:

Looking back at 2014 the quarterly figures were as follows:-

Q3 - 16,100 oz
Q4 - 17,000 oz
H2 total - 33,100 oz

Again this indicates that the target (75,000oz) will be met comfortibly.

[jbe81] 17/8/2015 08:38

on track for 75,000+oz for the year.

[brasso3] 17/8/2015 08:32

I was expecting 7000oz for July so a bit below my expectations.

[jbe81] 17/8/2015 08:29

6668oz for July

[brasso3] 17/8/2015 08:28

Deleted

Just realised that the article from jbe was giving figures for combined precious metals (gold + silver).

[brasso3] 17/8/2015 08:25

Gold production in Azerbaijan from January to July (7 months) confirmed at 1325 Kg. That converts to 42,600 troy ounces which averages 6085oz before the governments share. This represents a 30% increase on the same period for 2014.

In the last quarterly update 2015 H1 production was 36,000oz.

[jbe81] 17/8/2015 08:20

hxxp://abc.az/eng/news/main/90173.html

[wigwammer] 14/8/2015 15:13

Three things likely to propel the price upward:1. An all-in cost of production figure from the company which is likely to be significantly lower than last year.2. The end of the apparent forced selling of a previously large holder.3. An end to the current round of Capex and the start of a sustained period of debt reduction.:)

[mattjos] 14/8/2015 14:56

pog is not something the company can influence in any way. It can influence the other 3 points I raised

[divmad] 14/8/2015 14:47

Point 4. The little matter of the falling pog.

[mattjos] 14/8/2015 13:33

what on earth made you suggest that wigwammer?

[brasso3] 14/8/2015 13:31

Agreed, when this does move it will go fast and there will not be many sellers below 8p. Azer news should give us the July production by monday so will have something to talk about then.

[jbe81] 14/8/2015 13:27

All good points Matt, however if aaa do find someone to take Bashirovs stake there won't be many shares to be had below 10p, so a good opportunity to accumulate shares at this level.