Anglo Asian Mining Share Discussion Threads

[brasso3] 08/2/2016 13:13

We should have the January production numbers in the next 7 days also.

Can see gold having a good week with Chinese new year also.

[jbe81] 08/2/2016 13:05

Gold approaching 1185 , Matt.

[zhockey] 08/2/2016 12:29

Terropol,

Do you think the zinc is still hampering performance, if so to what extent?

Cheers,

[jaspoland] 08/2/2016 12:22

Briefly top of the biggest % risers today. Will attract attention

[jbe81] 08/2/2016 12:09

Todays action shows just how tightly held shares are, will fly with some buying

[ilostthelot] 08/2/2016 11:55

Resourceful we don't necessarily need a dividend if u buy at 5 p and sell and 20p it's been a good investment right.
I'm here for the growth and will sell half around 30p for a 6 bagger.

[zhockey] 08/2/2016 11:43

Any chance of a copper chart in the header?

[jbe81] 08/2/2016 11:23

Gold price dictates what is a good price to sell assuming the company starts to deliver on its promise.

[on target] 08/2/2016 11:21

Maybe things really are different this time?

I'm thinking lower costs, efficiencies, manat devaluation, the bulk of diverse plant investment completed etc.

This company seems highly geared (no pun intended) for share price appreciation.

[terropol] 08/2/2016 11:19

Resourceful, 7p will be achieved wile company running in first gear...
assuming a 6 gear box.....plenty to go at.

I think Zinc is been the new addition to deal with...giving us a slow start in this new era...

at 50 will sell 1/2 my holding, the rest at £1.00

Having bought my first shares in 2005 i will keep my patience.

[resourceful] 08/2/2016 11:09

why do you think a high gold price will translate into cash for shareholders
I am a holder for many years,including the 1800 gold price
there have always been excuses
if I can get 7 this time I am gone

[ferries5] 08/2/2016 10:17

Aps55555

Brilliant and precise posts. Are you an accountant by any chance, your writing style seems familiar.

Regards

[ilostthelot] 08/2/2016 10:09

Those who bought at 4p won't have to wait to long for a double bagger.
Good to see more buyers again. Thanks to all the regulars for the posts and Matt running the BB and many informed posts.
Good posts yesterday by Aps.
Gold looks to be back in fashion again but it's not broke out of this down trend yet. I'd to see it closer to $1300 before I'll feel confident it's on the way back up over $1500.
Welcome aboard Highly geared.

[loverat] 08/2/2016 09:11

This one starting to look good. People in this or traded before will know that historically this has recovered to 7p plus after hitting the 3s and 4ps. If the gold price is recovering for real also, and more and more people saying so, this could do a lot more.

Good luck whatever your postion.

[aps55555] 08/2/2016 09:08

For those of you who are interested, here are my assumptions for copper production from the floatation plant from the tailings for 2016:

Capacity 90t/h, Hours operational/ day (maintanance 4 hours): 20 hours, Availability 80%, Efficiency 80%

The above assumptions result in 105,210 tonnes processed per quarter. This will result in 2,628 wet tonnes per quarter (taking into account enrichment rate of 2.5%) which is approximately 2,037 dry tonnes per quarter. This concentrate contains (looking at historicals) 458 tonnes of copper, 1,018 oz of gold and 20,367 oz of silver.

I have used $4,650 per ton for copper which AAZ gets 84% (16% goes to Industrial Minerals and Smelter) and of course they give 12.75% to government from their proceeds.

I hope the above helps.

[mattjos] 08/2/2016 08:55

Certainly seems a change in sentiment towards gold .. Virtually from the day the Fed raised rates at, arguably, just the wrong time.

[highly geared] 08/2/2016 08:50

No stock around; had to pay over the odds just to get 100k.
Any serious advance on POG will see this sky rocket. I'm of the view that gold is starting its recovery hence buying back in now near the bottom( hopefully!). I also see copper near the bottom with a slow recovery from here.
All the best.

[jbe81] 08/2/2016 08:50

Interesting posts yesterday. One thing they all underline is the importance of POG to AAZ, and it looks good for a rise. Nice to see the buying continue this morning.

[bleepy] 07/2/2016 21:05

Btw

I believe the figures I used were given from floatation plant output.


Additional output from Sart is another bonus.

Q4 2015 SART copper concentrate sales totalled 425 dry metric tonnes ("dmt"), containing 235 tonnes of copper

I'll let somebody else work out the revenue for that qtr,but quite significant alongside flotation plant output.

As you say let Q1 do the talking

[mattjos] 07/2/2016 21:05

does not seem to matter how much we all try and work out what's going on here. The combination of several factors seems likely to keep the mkt cap of the company at a very low level, at least until such time as the Q1 results prove or disprove that the company is starting to reduce the debt or, until such time as the company decide to be a little more forthcoming on points such as the effect of the Manat devaluation.

[bleepy] 07/2/2016 21:03

Zhockey

The figures are not mine,they are taken from company RNS's.

Btw is apps using dmt or refined copper price.

As Mattjos says, use of the other flotation plant would be significant.

Yes,Q1 should indicate where the trend is likely to take us.

[zhockey] 07/2/2016 20:41

Bleepy,

In terms of real copper production, using apps' assumption of 2600 tonnes of copper for the full year, at current prices that's about $12M. As this includes SART, if that model is correct then your figures look a little high, perhaps it will be somewhere in teh middle? We should have a pretty good idea of what the stabilised output will be when we get the Q1 update.

[bleepy] 07/2/2016 19:34

FYI ....

Dry metric tonnes(dmt) = wet metric tonnes (wmt) x moisture content

Using 8% moisture content as example -:

1000wmt x (1-0.08) 92% = 920dmt/mth @ 75-80% output



Q4/FY 2015 flotation copper concentrate sales of 392 dmt generating $0.6 million in sale proceeds-:

$0.6m/392dmt = $1530/dmt

920dmt x $1530 = $1.408/mth using qtr4/15 sale price

1.408 x 12 = $17.76m per 12mths @ qtr4/15 copper sale price

$17.76ml @ 80%

$22.2ml @ 100% plant output.

Please check above for assumptions and accuracy,anybody

[zhockey] 07/2/2016 19:08

yep seems so, this is from teh March 2015 RNS:

"The small scale flotation plant was originally designed as a pilot to treat different types of ore at Gedabak at a feed rate of up to 20 tonnes per hour. Further engineering studies have determined that by the addition of an extra 6 large flotation cells, each of 50 cubic meters, the plant can be configured to treat 90 tons of ore per hour which is equivalent to the current throughput of the agitation leaching plant."

[mattjos] 07/2/2016 18:18

From memory, please correct me if I am wrong, the agitation plant runs at 90t/hr & the flotation at 80t/hr ... Is that correct?So, we are not quite matching one to the other.I wonder if they can use the original, smaller, flotation plant to treat the 10t/hr differential?