Anglo Asian Mining Share Discussion Threads

[jbe81] 20/4/2016 13:58

Nothing offered in auction and somebody wanting 347k @6p. A spike in gold price should see the share price jump

[jbravo2] 20/4/2016 13:54

I would imagine the AGM will be last Monday in June, so the 27th but I don't know that for sure yet.
I will be going, date and diary permitting.

There are only 2 more months of production data before the AGM. I'd imagine there would be other news to be more excited about than those two lots of production figures, important though they are.

[jaspoland] 20/4/2016 13:38

I'd want to see monthly gold targets of approx 6800 before getting too excited

[terropol] 20/4/2016 13:38

Today Copper also pushing up strong.

ZHOCKEY, will find date of AGM. likely to be end of may...
I will be going.

[zhockey] 20/4/2016 13:25

I think gold needs to break out, like silver, to have an impact here.

[jbe81] 20/4/2016 13:09

surprised there is not more buying, very cheap with gold at $1250

[zhockey] 20/4/2016 11:44

So when is the AGM, is anyone going?

[jeanesy] 19/4/2016 19:58

POG and silver doing well today. A nice cluster of early buys and no sells ,yet no change in price . Onwards and upwards please

[philo124] 19/4/2016 16:59

Nice rise in Gold.

[mattjos] 19/4/2016 14:41

big move in silver today as it breaks out. Up over 4% on the day and towing gold along with it, back through $1250 again

[mattjos] 19/4/2016 10:10

Chipperford's post today No. 6351 is worth reading on the CHIP thread.

[mattjos] 19/4/2016 09:54

silver chart behaving as expected and should now go one to challenge $18 in the days ahead before the next consolidation phase.
Gold chart starting to look to me like the run on $1,340 is starting to gather steam also.
Big impact on AAZ given the leverage in their business model

[jbravo2] 19/4/2016 09:12

Blimey jeanesy. You seem to be worrying about this constantly.
I'd say news is a day nearer than yesterday. It can't be too far off now. But I reckon I have a bit more patience than you. It may be a few weeks rather than hours.

[ilostthelot] 19/4/2016 08:30

Silver breakout. Gold to follow?
The new Shangai gold exchange should help with the gold price manipulation in the long term.

[jeanesy] 18/4/2016 19:46

We need to get some positive news otherwise this will slip downwards again. Heres hoping it is not too far away!!

[zhockey] 18/4/2016 15:49

It would be great if they can find one of those Ordubad elephant fields mentioned in the IPO doc.

[bleepy] 18/4/2016 15:37

Interim results for the six month period to 30 June 2015

Exploration and development

We also are continuing to develop the greater Gedabek area with the aim of delineating further resources and reserves to increase the life of mine of the operation.

We are also continuing our exploration of the Ordubad property.


From recollection, exploration at Ordubad was to be completed by spring of this year, so expecting update as well as progress on Gedabek resource and reserves.

[mattjos] 18/4/2016 14:50

jbravo .. can you use the ADVFN messaging service?

[jbravo2] 18/4/2016 14:41

:)
hi zh, yeah I know it has. I've not commented on it much before because, as you say it's always been there. I just have a strange feeling that, like you say, now is the time with sentiment being so poor, and that the AGM may be a deadline they'd want to beat if they were working on something. Whether that could be managed of course would depend on any negotiations that would be happening.
:)

[mattjos] 18/4/2016 14:38

really was a staggering performance on silver production in the last quarter.
The last broker note suggested Ag production this year of circa 113koz at average $16/oz from flotation.
Will be very interesting to see how silver goes in this next quarter now that winter is passed.

[zhockey] 18/4/2016 14:31

JB I would be very happy to hear that news but that footer has been on every rns for as long as I can remember. Now would seem an ideal time to strike deals whilst sentiment is still pretty poor.

[jbravo2] 18/4/2016 14:15

@zhockey: I'd guess exploration is currently ongoing at Gedabey. I'd imagine they might have identified a few prospects that would need extra drilling at the moment. So if that is happening I'd have my fingers crossed that drilling goes well.

@anyone else interested: The latest RNS re-iterates the goal of making AAZ a mid tier gold and copper producer. I'd imagine that they would need another prospect to achieve that. The company would probably want to get news about something like that out before the AGM so long as they could get negotiations completed by then. That would be my guess anyway. If that was the case I'd make sure I was buying more before the AGM. So I have over the last 3 weeks.

[mattjos] 15/4/2016 16:49

silver looks to me like the C&H on the chart will have it nearer $18 soon.
That's another 15-20% higher than we will have achieved since Dec 2015

[ilostthelot] 15/4/2016 16:26

I agree Matt. I've always been of the opinion that as and when the debt is reduced the market cap will rise with it. That's if they maintain the resource size with Exploration.

So by the time the debt is close to zero you'd like to think they'll be mining over 100,000 ozs per year the Share holders would get 49 % of that which will also be taxed heavily.

It's undervalued for sure. What would fair value today be?

[philo124] 15/4/2016 07:17

Thanks a lot guys.