Anglo Asian Mining Share Discussion Threads

[brasso3] 15/1/2016 04:12

Matt

You have mail:-

[bleepy] 14/1/2016 23:24

Thanks Mattjos , with the floatation plant ramped upto 75% - 80% of design capacity already, zinc processing must be on the agenda near term.

Vaziri as usual, under promising and over delivering. share price won't be languishing at these levels for much longer.

Dividend this year hmm!!

[mattjos] 14/1/2016 22:44

dont forget the other flotation plant is waiting there for the zinc bleepy. should be opportunity to start that up later this year. Can they re-process the flotation tailings for this?

[bleepy] 14/1/2016 22:42

Mention of zinc impurities, how much and can it be streamed profitably.

[mattjos] 14/1/2016 22:34

bleepy ..yes, the silver improvement really caught my eye yet, share price Angel commented on the copper. Seems odd.
I guess no one but the company quite knows how the combined Agitation with Ammonia & then Flotation secondary processing of these tailings is working out.
There will inevitably be an iterative improvement process as they fine tune it.

Next week will give us the Jan production figures & (very good point Terropol) maybe they will simply slide in the implications of the Manat devaluation rather then crow about it.

[zhockey] 14/1/2016 22:32

ILTL, yes.

[terropol] 14/1/2016 22:13

OnTarget, AAZ is the AZ government partner....I am sure the government would rather keep the manat devaluation off the headlines... ( just my idea)

The more time this shareprice keeps low, the more time we have to add to our position...

When we push up we will all say "Why did we not buy more"

We need gold price to keep up...then we are on a no looser!

[bleepy] 14/1/2016 22:11

Mattjos

, Silver.....Q/4 2015.....6,589 ounces from SART processing and 9,263 ounces from flotation, 485 ounces from heap leaching operations,. (Q3 2015: total 4,439 ounces)

Huge silver improvement from Sart and even more impressive silver recovery from floatation. Will be a bonus if these levels are maintained or bettered even.

[mattjos] 14/1/2016 21:55

is it just me or, did everyone else expect such a large increase in the silver production?

Brasso, please let me know when you have the next graph done & I'll update the header. Thnx

[ilostthelot] 14/1/2016 20:50

Do you hold zhockey?

[zhockey] 14/1/2016 20:46

Jeansey,

The update was as expected so why would we expect a significant rise. Not expecting much action here until they announce some unexpected good news or Gold and Copper take off.

Only the brave are buying gold/copper shares right now.

[on target] 14/1/2016 20:26

3 x 50k sells on ISDX today.

[jeanesy] 14/1/2016 19:43

Great update.. very poor reaction from the market. Really dont understand it. Why is there no update about the manat devaluation ? I can only think that there is still a seller out there and the price is being held down until they are out. Does not seem that they offloaded any today. All buys and yet we have barely moved but last 3 days small sales and yet a bigger move down. It is time that Cantor sold out their shares which i believe they still hold. The market is a strange beast. Still some im sure some managed to buy some cheap shares today. Onwards and upwards from here surely.. please!!

[on target] 14/1/2016 19:34

No mention of the Manat devaluation?

[bleepy] 14/1/2016 17:21

Not forgetting, exploration has been ongoing at Ordubad contract with results due early spring as I recall.

[zhockey] 14/1/2016 16:04

I believe they had said similar every year:

jbe81 14 Jan'16 - 12:09 - 1066 of 1071 0 0

Like you Matt it is this line from the RNS that interests me

I look forward to reporting on our developments during the course of 2016 as we continue our momentum of establishing Anglo Asian as a leading mid-tier gold and copper producer in Caucasia.

Just a question of when we get the first update, hopefully soon

[drdre] 14/1/2016 13:00

Thanks On Target

[on target] 14/1/2016 12:57

Debt itself is down $1.1m since the interims. The small increase in net debt is due to less cash on hand.

[drdre] 14/1/2016 12:44

Having checked back to the interims it would appear net debt is actually up $0.5m since then:

Net debt, being interest-bearing loans and borrowings less cash and cash equivalents, totaled $49.2 million at 31 December 2015 ($52.4 million at 31 December 2014)

The figure was $48.7m at the half year point with $1.4m unused credit.

Is this due to capital cost on the new plant?

[bsg] 14/1/2016 12:36

Still the debt weighing on some minds. Debt in these markets is not good.

[on target] 14/1/2016 12:22

Should get an update on the effect of the Manat devaluation as well (from 21/12 RNS):

The Company is currently evaluating the effect of the Azerbaijan New Manat moving to a floating exchange rate regime and the effective devaluation on its budget and plans and will update its shareholders as appropriate.

[jbe81] 14/1/2016 12:09

Like you Matt it is this line from the RNS that interests me

I look forward to reporting on our developments during the course of 2016 as we continue our momentum of establishing Anglo Asian as a leading mid-tier gold and copper producer in Caucasia.

Just a question of when we get the first update, hopefully soon

[mattjos] 14/1/2016 12:03

That will feature in the next RNS (I'm sure) & from there the broker coverage will have to be amended upwards accordingly.

[jbe81] 14/1/2016 12:00

The company should spell it out to the market, Matt. They have a good story to tell, why not tell it.