Anglo Asian Mining Share Discussion Threads

[wigwammer] 24/8/2015 19:18

Are you invested here, or is your learned advice offered on a charitable basis?

[mattjos] 24/8/2015 18:19

Wigwammer .. wiyp?

[brasso3] 24/8/2015 17:37

Just returned from the F1 at Spa. Not had access to the internet but was a bit concerned with the market crash. Glad to see AAZ held up and gold advancing further. Back above $1200 soon I think.

[wigwammer] 24/8/2015 17:22

That's right, mattjos.The key to successful investment is to anticipate nothing and go where the crowd takes you.You are clearly a learned man.

[mattjos] 24/8/2015 15:28

until such time as they let us know of these actual events at the company, there is nothing to mark it out wigwammer. As you very well know.
The price is not going to move upwards solely off the back of some PI buying from those of us familiar with the company.
In so far as the broader market is concerned, this will remain invisible ... most folk will be watching far too many other things to care about an AIM listed, Az gold-miner

[wigwammer] 24/8/2015 15:21

"With nothing to mark it out as any different to the rest of the crowd" (said mattjos, 5 days ago)

[mattjos] 24/8/2015 14:41

cannot see that 1267 damn on Gold holding for much longer given the rout elsewhere in the markets. The Gold 60 minute chart looks like it is winding itself up for a second advance, past the last high
Once folk have managed to get out of other positions, it looks likely to me that sentiment towards gold could quickly propel it onwards to at least 1200.

Not a bad time to be bringing on-stream Gadir & the new flotation plant

[fibmeister] 24/8/2015 08:42

current market situation is perfect for AAZ

- gold up on safe haven demand and also weaker dollar
- oil down and no catalyst for bounce back up

the only downside is weak dollar makes local currency costs higher but this is not gonna be a major impact unless dollar weakens considerably (can't see this happening anytime soon)

if positive updates continue in Q3 the share price will benefit. unless some bad news come out we could see a nice build up going into mid-October.

Gl
Fib

[cordwainer] 24/8/2015 08:40

oooh somebody actually bought something today.

[mattjos] 21/8/2015 15:47

should find out in this current market rout just how keen Bashirov is to sell out his position. If he's got himself upside down somewhere else in the market then he may have to bail for what whatever he can get here

[terropol] 21/8/2015 15:11

FibMeister, we have bought already...Some of mine are 10 years old....

[fibmeister] 21/8/2015 09:15

a lot of bullish posts..... but no one seems interested to buy. lol
says all about how bullish some posters really are here....

in d meantime picked some up at 4.9p. like last time i will sell on a good spike.

[terropol] 21/8/2015 00:26

GOLD will be KING.

[mattjos] 20/8/2015 23:03

What a time to be bringing on-stream Gadir & the new flotation plant.

[cordwainer] 20/8/2015 18:35

With the way gold price is holding up lately, even if cost of production doesn't drop at all this share looks dirt cheap. Only have to avoid earthquakes, plague, war and any kind of famine imho.

[mattjos] 20/8/2015 13:23

Kaz forced to devalue its currency, the Tenge, by 23% today v the USD as a consequence of the weakness of price of oil.
I wonder is Az govt will be forced into further devaluation of the Manat, given it is also very dependant on price of oil

[brasso3] 20/8/2015 07:09

Unstoppable! §1142 just for a few minutes.

[brasso3] 20/8/2015 05:39

$1138. Where to today. Is that big rise mentioned in the article I posted upon us?

[brasso3] 19/8/2015 21:24

Nearly $1135 now! :)

[brasso3] 19/8/2015 20:56

Before the interims would be nice.

[mattjos] 19/8/2015 20:53

It really comes down to whether, with the return of the Technical chappie to Gedabek and more informed selection of ores into the necessary processing mechanisms, they have really got on top of costs and at same time managed to increase production.Was 2014 a 'one-off' year? I can't see costs going back to the $650 level as those were based on predominantly heap leaching higher grade ores to get the ball rolling at Gedabek, so to speak.A 20% annual increase in production accompanied with a 10% reduction in cost would be a terrific result, giving:72,342oz produced at $873Ramadan is over and next common dates for AZ holidays are 3rd week in September so, seems reasonable to expect the new plant will targeted to come on stream ahead of that 3rd week in September .. Any time in next 4 weeks is my guess

[brasso3] 19/8/2015 20:47

$1133... Up $16 on the day.

[brasso3] 19/8/2015 20:47

Worth a read if you have given up on gold:-

[mattjos] 19/8/2015 20:39

It's very, very difficult to predict much at all.FY12 .. Produced 50,215oz @ $668/ozFY13 .. Produced 52,107oz @ $626/ozFY14 .. Produced 60,285oz @ $971/ozSo far this year they have managed a good run of monthly production, well ahead of last year and look on target to hit the FY guidance but, we know nothing whatsoever about the cost of production other than the currency boost this year. Cash is clearly very, very tight as they are deferring salaries and the CEO has offered up a cash loan to see them through to start of next year. The Going Concern statement makes that very clear but , also leads one to believe that mgmnt very much see 2015 as the peak of this current borrowing/investment phase & I refuse to accept that Reza will be persuaded to do much more than focus on maximising operational efficiencies and seeing their (& his) debts reduced asap after the new plant comes online.