Anglo Asian Mining Share Discussion Threads

[philo124] 29/4/2016 11:31

Good, thanks.

[mikeelkin] 29/4/2016 11:22

AAZ presenting at proactive investors in london on Thursday May 12. An opportunity to ask some good questions. Should prove interesting!

[unionhall] 29/4/2016 11:00

Does anyone have a knowledgeable estimate of how much the new Sagmill will cost - I presume equipment like this is not cheap.

Will it cause the debt to increase again ?

[zhockey] 29/4/2016 09:13

I guess there are so many options with beaten down mining stocks right now

[zhockey] 29/4/2016 09:12

Not much interest here at the momment however.

[jbravo2] 29/4/2016 08:19

Well I'm pleased everyone thinks 22p is either conservative or will be so easily achieved. As ilostthelot has said I'd take 300% in 8 months. I'm not anticipating that the rise will end after 8 months. The next few years are now going to be a tale of a climbing share price.

[jeanesy] 29/4/2016 07:30

Lets hope we start to see a move up today! .. please

[philo124] 29/4/2016 07:11

$1275. This is a pretty material rise for AAZ.

[ilostthelot] 28/4/2016 22:50

A 3 bagger within 8 months!! I'd buy that for a dollar!!

[zhockey] 28/4/2016 22:30

Ya I was just a little surprised that after jb's euphoria he had such a low share price prediction.

[jbe81] 28/4/2016 20:16

Would be very disappointed with 22p at the end of the year!!!!!

[zhockey] 28/4/2016 19:42

22p is hardly earth shattering,

[jeanesy] 28/4/2016 19:36

With POG doing so well I would have expected a push North today - hopefully tmw please

[jbravo2] 28/4/2016 17:40

You're quite right brasso. I just carried away with the possibilities.

[brasso3] 28/4/2016 17:33

JBravo

90,000oz for full year seems like fantasy stuff at present. A reality check is needed I think as AAZ just produced 14,000oz in Q1. To get to 90,000oz FY they would need to average 25,300oz per quarter from here in. Their best ever quarter was 20,000oz in Q3 2013.

[jbravo2] 28/4/2016 16:07

Well that really is finger in the air stuff. I'm always rubbish at these.
Ermmmm...
22p

[zhockey] 28/4/2016 14:59

OK jbravo so what's your best guess for the share price by year end?

[zhockey] 28/4/2016 14:58

OK jbravo so what's your best guess for the share price by year end?

[jbravo2] 28/4/2016 14:07

zhockey - My 90,000oz figure is plucked from the air. It would depend on how it was arrived at though, wouldn't it?
But perhaps I should pluck 120,000oz out of the air? Who knows? I know many things (although my other half assures me it's not actually that much) but I don't know that.

[ilostthelot] 28/4/2016 12:15

Every $100 rise in gold is roughly $7m extra profit. So $2000 gold will see an extra $50m profit. Sounds like pie in the sky. I reckon gold we will be significantly higher than that within 5 years.

[zhockey] 28/4/2016 12:07

Jbravo,

I do not think an increase to 90k oz would have the step change in valuation you are suggesting.

[ilostthelot] 28/4/2016 12:04

Gold needs to breakout over 1280 with strong volume. It's been stern resistance here.
The Shanghai gold exchange will hopefully put an end to paper gold and manipulation.

[mattjos] 28/4/2016 11:29

not sure what you know jbravo but, a step up towards 90k ozs Gold per annum + all the silver and copper would be very significant here, particularly given the strength in prices.
The company has been very tight lipped for a long time now about expansion beyond the Gedabek complex. We know that Reza has been eyeing other assets for a long time, both in and out of Azerbaijan + we know that Chovdar remains a fully built and ready to go asset close to Gedabek that is sat there doing absolutely nothing at present. $m's spent on its development. It is pretty bonkers for that to just sit there and rust away simply for lack of operationally experienced management and staff to run it.