Anglo Asian Mining Share Discussion Threads

[mattjos] 14/2/2016 09:56

The AAZ logo in the header of this thread is a link direct to the investors section of the company website

[brasso3] 14/2/2016 09:33

Over a three year period there is a very strong trend with gold and copper production.

The gold might start to flat line now and more growth will come through copper and silver (and possibly zinc).

Having said that if gold gets to $1300 - $1500/oz then the low grade ore at Gedebek would be much more commercial and no reason why gold cannot increase.

[philo124] 14/2/2016 09:29

Well Done.

[brasso3] 14/2/2016 09:25

Matt

I extended it back to 2013:-

[timberwolf3] 14/2/2016 06:56

Mattjos - as a new investor ( bought in last week ) I found all the information I needed from the link in header to the last presentation and by reading the last 5 years of RNS's, I agree with On Target a link to company website would be helpful.

[mattjos] 13/2/2016 21:18

ok, lets see what others have to say ... I was thinking about the header from the point of view of a new investor .... existing investors can skip the header if they wish

[on target] 13/2/2016 20:46

My two-penneth is there's too much in the header already. I don't see a need for the production chart really. Just a link to the website would be fine.

[brasso3] 13/2/2016 20:41

Yes, sure.

I will have a play around with it tomorrow.

[mattjos] 13/2/2016 19:35

Brasso ... are you able to do your Q'ly production chart over a longer timeframe please? perhaps since Gedabek came on stream?

There are likely going to be a lot of investors looking for gold miners in this new phase of the gold price ..... is there anything else that I can put it in the thread header which might help new arrivals?

Suggestions welcomed but, please bear in mind that writing this html code (as basic as it may be to an expert) takes me ages as I am pretty clueless at it :-(

[jbe81] 13/2/2016 12:32

Stocks, past year.(from twitter)

US: -11%
Japan: -17%
Germany: -18%
UK: -16%
Italy: -21%
India: -20%
China: -12.5%
Spain: -25%
Ukraine: -44%
Greece: -47%

Gold and AAZ looks a good place to be

[jeanesy] 13/2/2016 11:42

Hopefully we will get some good production figures next week for jan which will keep this good run going..please!The weather is turning mild in the region which can only be good news for us !

[zhockey] 12/2/2016 20:34

I don't think they care about buy backs, they want to preserve and grow the future of the company.

[philo124] 12/2/2016 19:34

Nice one Mattjos, thanks as always for your comment.

[mattjos] 12/2/2016 19:11

If they buy their shares back Reza would have to be a seller in order to stay below the % ownership level at which he would be obliged to make an offer for the whole company so, I would strongly suggest, that ain't going to happen at this price.Just need a little more patience ... Next week could be very interesting with the Chinese holidays over but, that aside, just search online fir the growing references to lack of faith in central banks, lack of faith in fiat currency, the is aster that QE has proven to be, the likelihood of negative interest rates the world over this year and now the growing threat that cash & bank notes will slowly becoming illegal ... All in an ever greater & more ridiculous effort to persuade folk to spend and take on yet more debt ..... It ain't going to happen!If you can't have cash & they charge you to have money in the bank ... Folk will simply buy physical gold. It's small, easy to hide away, transit over borders and readily fungible the world over ... Oh yes & you can't print it like you can bank notes.

[philo124] 12/2/2016 18:58

The share price and hence the market cap is around the same as 1 year ago. However, one year ago to the day, the $:£ rate was 1.54 and the gold price was
$1189. Let's hope the debt comes down at a rate of knots and thereafter the Board sets aside say $500,000 for a share buyback or tender offer.

[highly geared] 12/2/2016 18:53

IMO, things have hardly got going in terms of the recent POG recovery. The trade volumes here are piddly. This and SHG look good ones to buy and hold. My CGH holding is higher risk but the gains will be spectacular if they can finance the mine in the context of gold around $1500+.

Leverage is the key; add $300 to POG and AAZ throws off another $21,000,000 assuming 70k/oz production.

Have a good weekend all

[philo124] 12/2/2016 18:52

Does the Company have a mandate to buy back its own shares. If not, looking ahead to large cash generation, it would be good idea if they at least put one in place.

[philo124] 12/2/2016 18:46

Yep. Chinese New Year fell on the 8th , Chinese lucky number and year of the monkey, again usually auspicious.

[gary38] 12/2/2016 17:37

Totally agree .

[ilostthelot] 12/2/2016 17:29

Monday will be interesting when all the Chinese are back from their New year break. That could push gold up further.

[zhockey] 12/2/2016 15:37

Theres no tax to pay if they spend it on capex either

[mattjos] 12/2/2016 15:21

there is no tax to pay .. .the carry forward losses will negate any tax liability

[zhockey] 12/2/2016 15:00

So the recent $200 increase in gold price will add an extra circa $13M profit before tax. That would fund their plans for expanding the floatation plant.

[gary38] 12/2/2016 14:55

Looks like some profit taking but come Monday they could find price much higher and wished they had not sold .