Anglo Asian Mining Share Discussion Threads

[brasso3] 17/9/2015 20:13

Just 2 x 50k trades today at 4.95p and 5.00p. Things have really dried up here. News needed or the MMs need to create a market...

[brasso3] 17/9/2015 20:04

Yes for sure production number s are nice but we are in the dark until we know costs.

[mattjos] 17/9/2015 19:13

Gold looking lively off the FED decision this eve

[captain_crash_and_burn] 17/9/2015 15:27

But $77m revenue for a co. with an mcap of less than $10m is crazy. Revenue doesn't really matter though, the question is how much will the prfit be. If we can get production costs down to 80% then we would be looking at $15m profit, less the government share of profits and after ploan interest, where would this leave us? (actually while paying back the loan am i right in saying that we don't have to pay the gov share of profits?)

[wigwammer] 17/9/2015 12:53

Brasso - this number is pre the 5000oz expected from flotation. Looks good.

[brasso3] 17/9/2015 11:09

70,000 oz will only be $77,000,000 revenue at $1100 gold price!!!

[captain_crash_and_burn] 17/9/2015 10:02

Surely if we hit 70k ounces this year, we are going to see a decent profit over the year!!

[brasso3] 17/9/2015 07:59

48,500oz of gold mined until the end of August?

5,960oz for August so JBravo was on the ball. Whilst a little dissapointing its still $6.5m in revenue for the month.

Averaging 6,060oz per month for the year. On target for 72,000 - 73,000oz for the year.

[jbe81] 17/9/2015 07:39

hxxp://abc.az/eng/news/main/90851.html 5963 oz, spot on jbravo.

[jbe81] 16/9/2015 21:02

am sure figures will be released tomorrow

[brasso3] 16/9/2015 20:50

As last month the press reported Azerbaijan gold production up 32% (Jan - Jul) I think its a fair presumption that August is probably around 6000oz.

[brasso3] 16/9/2015 20:47

Gold looking a bit lively today. $1125

[cordwainer] 16/9/2015 17:50

re: 'Azerbaijan sees 30% rise in gold production'
perhaps the word "sees" is another word for 'forecasts' rather than actual production ?

[brasso3] 16/9/2015 11:08

Lets hope they mean a 30% increase compared to August last year then we will all be rich!

[brasso3] 16/9/2015 11:02

JBravo

Q1 - Q3 production in 2014 was 43,232oz. September production last year was 6,000oz so up until the end of August they kicked out around 37,300oz. A 30% increase would mean we produced 48,490oz by end of August 2015.

2015 H1 production was 36,000oz so July and August have therefore contributed 12,490oz. July production was reported by ABC news as 6700oz so August should be around 5790oz.

Hmmmm we are close.

[jbravo2] 16/9/2015 10:50

Productions jan-aug 2014 = 1161.8kg x 1.3 = 1510kg
Minus jan-jul 2015 prod of 1325.3kg
August prod of 184.7kg x 32.15 = 5960 oz


But all subject to a big "IF" amd rounding :D

[brasso3] 16/9/2015 10:18

Can you give a breakdown your number JBravo?

[jbravo2] 16/9/2015 09:51

An article like that would typically be Jan-Aug.
So if that is the case...
Allowing for rounding that makes August likely to be c.5960oz.
Solid but unspectacular. A little disappointing really.

[brasso3] 16/9/2015 09:06

I can only see the headline (Azerbaijan Sees a 30% Rise in Gold Production)! I guess it will be comparing to August last year or maybe Jan - August.

[brasso3] 15/9/2015 16:20

Hopefully too much gold to count in time for the 15th!

[jbe81] 15/9/2015 16:17

Captain, monthly state released production figures are released around the 15th, link hxxp://abc.az/eng/news .
Not out yet.

[bsg] 15/9/2015 09:36

Shame no one seems to want commodities any more.

[captain_crash_and_burn] 15/9/2015 09:33

Brasso, I thought we got quarterly production updates share price next one would be in mid October?

[jbravo2] 15/9/2015 09:31

Interestimg article Matt thanks.
Undoubtedly you're right if the flotation performs as expected. It's been configured so it can fit into the process at any point... Because of the variances in the ore.
Time will tell but if the money flows as expected then we'll be debt free in no time