Anglo Asian Mining Share Discussion Threads

[philo124] 01/5/2016 21:43

Yes painful indeed. Done the same.

[zhockey] 01/5/2016 21:39

I have been buying here over the last 6 months to add to a core holding I've had since 2009. you are right there has been one disappointment after another but at 4 - 7p this is really negatively valued. I've always had faith in the potential of AAZ and held from about 12p up to the 86p spike then all the way back down, quite a painful experience.

But alas things are looking up and perhaps we will see 86p and above again. JBravo is very confident of some big news, maybe an acquisition or new discovery, who knows but Mr Vaziri believes in the company enough to lend $4M of his own cash and they have not had a single placing since the IPO. 99.9% of aim companies in this position would have had a billion shares by now.

[bleepy] 01/5/2016 21:11

Believe me I'm maxed out at the moment. End of June should see available funds.

Perfect timing hopefully as June/July should reveal aaz's potential and aspirations toward becoming a mid tier producer.

[jeanesy] 01/5/2016 19:49

I agree we are undervalued but if you believe that it should be 25/30p then why are you not buying heavily? and why isn't everyone else at these levels? I would be happy with any upside at the moment even though i think we are undervalued. I have been invested in aaz for too long and sadly the production figures have disappointed far too often in the last few years. I believe that if we can get this months production right then others might start to believe in the story here again

[bleepy] 01/5/2016 18:55

35p is my valuation and a launching pad for news of discovery,reserve/resource upgrade,expanding processing/production.

Chovdar presently mothballed would be a prime acquisition vehicle.

As zhochey says pog is a guessing game but with the Chinese heavily influencing a gold standard that's outside the west's manipulation then maybe true value will out.

Silver and copper production vastly increased alongside increasing price.

50% Manat devaluation yet to be reported on by aaz expected to make a substantial contribution in cutting cost of production etc.

Decent debt reduction well within their sights.

[zhockey] 01/5/2016 16:58

Jeanesy,

My model for AAZ which I think is pretty conservative has a valuation of around 30p. This is excluding any additional discoveries or acquisitions and assumes a gold price of 1200.

I would also note that a few months back the share price was 4p so I think the gold price has definitely had an impact.

[jeanesy] 01/5/2016 14:59

So far though ZHockey a rising POG has done very little for our shareprice. We need some positive news on debt, production and drilling if we are to move upwards unless there is some other transformational news in the pipeline. I hope that if we break 1300 in the next few days then we move upwards at last as the aforementioned updates are still some wayoff.

[philo124] 30/4/2016 16:28

Thanks a lot TERROPOL.

[zhockey] 30/4/2016 11:53

Jaspoland, IMO there are a lot of other gold producers/explorers that have momentum right now and they are attracting cash. If gold can hold above 1280 next week then I would be surprised if the AAZ share price does not respond.

Time will tell if valuations in the sector have structurally changed, a lot of experts were calling for gold to correct back to 1150. However surely the bulls will now have the momentum to push above 1300, now it is so close and over the downtrend line.

[jbravo2] 30/4/2016 10:05

Jeanesy, the valuation has been ridiculous for ages. It needs a big piece of news to change the markets attitude. I wonder if there is one on the near horizon?

Jaspo, I'd be surprised if we were looking to raise money. As has been pointed out numerous times, Reza has resisted this from the off and his interests haven't changed as far as I can see. He still owns c.30% so if he can avoid it one presumes he will. But hey, anything is possible I guess.

The share price didn't go down on Friday, the mid point of the spread changed. A spread which was irrelevant as it wasnt being paid anyway. The price went very slightly up in reality but yes it is surprising more people haven't added recently especially with the POG. I haven't added this week but I've bought over 400k since the new tax year. So FWIW I think those who chose to add here have made the right decision, but I'm clearly no oracle and I guess everyone just has to make their own decisions on what's right for them.
:)
The next few months should be great though.
:)

[jaspoland] 30/4/2016 09:07

Agreed. Very odd that it didn't respond to the rise of gold yesterday. Makes me wonder if they are looking to raise money in the markets, hence it being held back. If Jbravo2 is right we should be filling our boots of AAZ at these prices. Exciting times.

[jeanesy] 30/4/2016 08:28

The valuation here now is ridiculous. POG on a roll and lots of buys and yet the price goes down- truely ridiculous !

[goodgrief] 29/4/2016 22:53

Presenting atChesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB

[philo124] 29/4/2016 22:10

HG, sold OMI at 84p having bought at c27p; was in Venice when I sold, did I mind paying 50 euros for a few drinks in St. Marco with orchestra? Those were the days.
1st time I went I could only afford a bottle of coke.

[philo124] 29/4/2016 22:06

Where in London are they presenting?

[highly geared] 29/4/2016 18:34

I bought today and am surprised not to see this move in the right direction. It was a toss up between this and Omi!
If gold moves through $ 1300 then this will move up. $ 1311.70 is the 5 year down trend line to break then things will get very interesting.
Remember Reza has a c. 30% stake here + loans - his interests are absolutely aligned with shareholders.

[zhockey] 29/4/2016 17:30

In the the offer has just gone the real price it has been at all week. Maybe next week some profits will flow into AAZ.

[zhockey] 29/4/2016 17:17

It is a bit surprising the share price dropped today but that's the market I guess and money has gone elsewhere like omi.

[philo124] 29/4/2016 16:45

Yep, $1290's.!

[2sporrans] 29/4/2016 16:37

Anyone else increased holding on the POG breakout today?

Re-purchased a slice sold earlier the moment POG broke away above $1280/oz.
That was clearly a key resistance level; now making fresh highs for this 4+month rally and $1300/oz may be attained during US trade.
No movement in the share price yet.
Seems to be a lot of fear/uncertaintly with perceptions for AAZ.
Can only suppose it's mostly Nagorno Karabak related; March production went OK after all.

My other play, Orosur [OMI] put on ~18% today, yet it seems arguably the lesser immediate beneficiary as acaled back operations/production last year [35k gold down from 55k last autumn, survival strategy: $950/oz AISC but net of minimal debt $4m in bank.].
Whatever, POG touched $1296/oz few minutes back; must be good portent.

[zhockey] 29/4/2016 13:25

Emphasis on guess, if you email the finance guy he will prob advise.

[unionhall] 29/4/2016 12:50

Thanks - that is less than I expected so good news.

Still biding....

[zhockey] 29/4/2016 12:03

Unionhall, I would guess about $1M, I expect they will cover out of cash flow however it should not not increase the net debt. Payback is likely to be pretty quick. Have you bought yet or biding your time?