Anglo Asian Mining Share Discussion Threads

[zhockey] 13/4/2016 13:55

I'm not sure what people were expecting to be honest, the news was better than I expected.

[ilostthelot] 13/4/2016 12:47

Market doesn't like it that's clear by the share price
The production targets seems optimistic to me think I'd ha e rather seen 65,000 -70 then beating that. It's always better received Imo.

I'm not sure what to make of the harder rock. Grades are continuing to reduce. Gadir higher grades still positive. Good to see them buying more equipment. Debt reduced ever so slightly.

If they hit over their targets it would be impressive.

If we say 800 is the AISC every Quarter.

75000 * 400 = $30,000,000
75000 *300= $22,500,00

65000 * 400 = $26,000,000
65000*300=$ 19,500,000

I'd like to see them report AISC alot depends on it.

[jesus405] 13/4/2016 12:31

Nebt Debt reduced slightly. Shelling out rediculous amounts of copper and silver, lucky that gold price has risen to creep into profit. To put revenue from floatation and SART in perspective went from approx 1028 gold ounce equivalents last quarter to 1731 gold ounce equivalents this quarter. Assuming 1 tonne of copper is worth 4.5 ounces of gold and 79.14 ounces of silver to an ounce of gold. (I need to make my graphs more complicated and find data of average quarter copper and silver prices now and historical.) This is more than ever before (September 2011 = 1376). 1.7 million $ off nebt debt means that $200,000 profit if $1100 gold price and if $1220 is correct.

[thomasthetank1] 13/4/2016 12:25

Read share price Angel's note on Anglo Asian Mining (AAZ), out this morning, by visiting www.research-tree.com …
“Quarterly production came in below our estimates with a shortfall accounted for lower processing tonnages due to increased hardness of the ore and adverse weather conditions. Gold output guidance suggests production rates should accelerate through the year with quarterly production averaging c. 20koz through Q2-Q4/16. Throughput rates should recover once the second SAG mill is commissioned in Q3/16…”

[ferries5] 13/4/2016 11:22

Disappointed with that statement, very bland

Bill Morgan stated in a video that the zinc problem had been resolved. Now we find that it has not been. and they are incurring penalties with the copper concentrate produced.
To achieve there bottom 72000 oz. target, they will have to meet and beat the record production at Gedabey. So looking for at least 6600 oz. in April. We will see !!

[brasso3] 13/4/2016 09:37

AAZ have been rather fortunate with the gold price being §1200 - $1250 for most of Q1. It would have been a very different RNS if gold had of been §1100 for the quarter.

14000 x 0.87 x §1220 = $14.9m
14000 x 0.87 x §1100 = $13.4m

If they can now hit 18000oz in Q2 and gold remains at $1200 then some big debt reductions will be possible going forward.

[mattjos] 13/4/2016 09:24

rather a mixed bag overall. Plenty of positives starting to show through in the Copper & particularly the silver production rates &, despite some unexpected capital expenditure on new plant, the debt interest repayment schedule looks have been comfortably met & they have nibbled into the overall debt o/s.

However, I do not share the company's optimism with regards FY gold production forecast - they would have to go gang-busters from here to achieve those figures. Certainly it's not impossible but, the spend on more equipment for Gadir shows they are having to go after grades elsewhere to offset the declining grades at Gedabek. The 'harder' rock is also concerning as it will increase processing time and costs.

So, overall a broadly neutral statement but, they look well positioned now to reap the benefits from the Spring & Summer weather.
I believe May's production figures will prove to be the defining 'tell' for how production for the year will end up.

They will have to go exploring this year though, that seems undeniable & pretty crucial to me.

[brasso3] 13/4/2016 08:33

Wimbled

Jan + Feb (without Flotation production) was 8500oz gold.

[brasso3] 13/4/2016 08:13

Looks like March gold production was reasonable to get the quarter above 14,000oz.

The big news today is the silver though. Q1 2015 was only 2,000oz and a year later to move up to 35,000oz is impressive.

AAZ are projecting 2000 tonnes of copper for 2016 which is also a big step change. I think with another floatation plant 5000 tonnes for 2017 is not unrealistic.

Based on the full year projections for 2016 it would seem the Floatation plant is not at full capacity.

[jbravo2] 13/4/2016 08:12

Well what's not to like?
As has been pointed out, net debt reduced despite lower production due to weather etc and despite buying equipment. Great stuff.

Excited the second SAG mill finally being installed. It was planned for all along I think. You can see where it will go (I presume) in this vid.

At 3m27s. The space between the existing SAG and the ball mills.
You can also see the cradle for it in the original pics of the agitation plant gallery on the company website.

Pic 3 (top row middle) and pic 46 (1st pic on row 9) you can just make it out.

All in all, onwards and upwards.

[wimbled] 13/4/2016 08:04

March production > 5k? Did Jan /Feb total 9k.

[catsick] 13/4/2016 08:02

In what is always the worst quarter of the year they can buy equipment and pay off debt equating to 20pct of the market cap of the company, next quarter they should be able to reduce debt by 50 percent of the market cap !!The copper numbers look very good the floatation plant will pay back very fast, the new equipment should boost recovery of the 7 gramme ore too

[jeanesy] 13/4/2016 08:00

Better production in march. Warmer weather . No news on cost reduction though at first glance. Will not have chance to look properly till later

[wrighty46] 13/4/2016 07:52

Bought new equipment, reduced debt all on the back of a frustrating q1 production figures. Very happy to hold here. Gearing up for a good year here I think. GLA

[wimbled] 13/4/2016 07:48

Worse quarter for sometime but we knew this from local press releases and now we have the explanation and proposed solutions. We can move on!. Note net debt reduced by $2M. So they are making profit from these lower production figures. If the management are correct and they achieve 73 to 77k production in 2016 then the year will be a cracker for profits. Remaining quarters need to produce 19k ounces. Repeating last years quarterly production numbers. So it can be done!

[philo124] 13/4/2016 07:43

Good to get a timely and comprehensive update with some notable data.
Hope debt reduction accelerates in Q2.

[jbe81] 13/4/2016 07:25

73-77000oz forecasted production

[jeanesy] 11/4/2016 19:23

Great day for POG and silver.Lets hope this holds firm this time. Weather now well and truely mild. Lets hope for better production figures this week and some other good news like debt reduction .. onwards and upwards please !

[ferries5] 11/4/2016 13:13

Bit more about Azerbaijan in the Guardian

[mattjos] 11/4/2016 12:10

cant get a price for even 5k online at present

[resourceful] 11/4/2016 12:09

was not able to sell the lot
most gone
will check on the facts re owners
fairly sure vaziri close to aliyev
still want my money back

[ferries5] 11/4/2016 07:13

IMF expected to cut growth forecasts in latest outlook

Should do the gold price no harm

[mattjos] 08/4/2016 23:16

Gold & silver have remained strong this year to date. Particularly impressive given the strong rally in the main indeces this last few weeks. The Dow looks to be developing a rolling top at present. If that turns into another leg down, it will be interesting to see if Gold & Silver move on to new ytd highs.Haven't been tracking the weather in Gedabek but, others here have highlighted that it certainly is now appreciably warming up, which will be good news for both the heap & agitation processes.Daily rate of production should now start to move swiftly ahead at Gedabek. It might still be a little too early for FY forecasting though .... The company has not yet experienced warmer temperature running of the new flotation plant, now at full capacity. Don't forget that it's feedstock are the agitation tailings and the agitation plant does suffer in the winter temperatures. It's the May production figures in the AZ press in June that I believe will reveal all.

[jbravo2] 08/4/2016 15:52

lol @ resourceful
It's so confusing with all these mines to keep track of isn't it? Especially when you're a shareholder.
So you were looking to offload a million then found out AAZ didn't own the mine you thought they ran? Where's your million sell? Surely you'd have sold it for ten quid and counted yourself lucky?
Speaking of duty of care... Who looks after you? Are you safe to be left alone with your keyboard and trading account?

[ilostthelot] 08/4/2016 15:48

Resourcefuls posts do seem counter intuitive Zhockey.

I sold at 6.8p because of the production numbers that were released in the press.
Hopefully the company can produce a good month in March and reassure investors that production targets will be met for the year.

I'll wait and see what the Quarterly says before buying back.