Anglo Asian Mining Share Discussion Threads

[zhockey] 10/5/2016 10:18

Write to the company and ask if in doubt.

[jbravo2] 10/5/2016 10:15

Spot on zhockey.
Research:
The Group is entitled to a maximum of 75 per cent. of the sales proceeds of minerals to set against all operating, deemed interest and capital costs. Thereafter, the remaining proceeds are allocated 51 per cent. to MENR and 49 per cent. to Anglo Asian

Worthless? No. It is limited. In practice the govt receive 12.75% now and that is the minimum they can receive.

[unionhall] 10/5/2016 09:58

Don't think so....

All operating expenses will be greater than 50% of revenue - so the Government share would be effectively worthless.

[zhockey] 10/5/2016 09:38

UH my understanding is that all opex including admin expenses can be recouped from the govt share.

[unionhall] 10/5/2016 09:29

It will be 49/51 profit share will it not ?

[jbravo2] 10/5/2016 09:25

I trust everyone realises that it will in practice never reach 49/51 as we will always have the running costs that will be generated each year, but yes, I understand your broader point of course.

[ilostthelot] 10/5/2016 08:49

Only thing with that idea Catsick is the quicker they pay the debt of the quicker we revert to.the 49/51 product share.

It's worth while continuing to invest in infrastructure to hold that off.Thats as long as there is enough reserves and it's a worthwhile improvement.

[catsick] 10/5/2016 01:46

Yes thats vey interesting and serves to underline how well run and above board aaz are as it uses them multiple times as a comparison. You have to think the ore is worth trucking over to gedabek at some point if it is high enough grade and easy to get to, or the mine is worth taking over with some deal done with the banks, although I personally would rather see our cashflow used to cut the debt pile and pay a div or buyback

[mattjos] 09/5/2016 21:38

this is the most definitive report I have managed to find about Chovdar, with some interesting facts & figures and video footage of the site when operational. It certainly seems to put AAZ & Reza Vaziri in a comparatively good light:



I'll put it in the header for future reference.

$230m of investment into Chovdar and now it's sat there doing zip!!

Handing it over to AAZ so that it may be run effectively and the staff get their jobs back and get paid is surely a good PR exercise for the President of Azerbaijan &, in the current climate, he could surely do with all the good PR he can get hold of.

[celeritas] 09/5/2016 19:00

You have to realise aaz has is down here due to bash. People seem to see this share price as the norm when it's far from it. Would it have ever gone under 10p if it wasn't for bash, I doubt it. The problem now is people have got used to it as the only real buyers and sellers here are pi's, could do with a fund taking an interest

[jeanesy] 09/5/2016 17:51

A very good day especially as POG was down quite a bit! Let us hope it can hold!

[cordwainer] 09/5/2016 17:00

Most gold stocks were down today, not AAZ.

[zhockey] 09/5/2016 16:01

Long term I agree, short term I think we will see 1228 this week.

[celeritas] 09/5/2016 15:36

I think the sharp move down from gold today is looking overdone, on-wards to 1300 at some point this month. Key point is the world looks over-loaded with debt, any decent interest rate rise will now cause serious problems, so we live in a world of super low rates which will end in tears.

[zhockey] 09/5/2016 14:11

I think the gold upmove is looking tired and in the absense of an event will consolidate with the 200sma. For me the key sign was the weekness following the low NFP number.

[jbravo2] 09/5/2016 13:50

Interesting morning. Thought gold would be heading up after China at the weekend so it shows what I know. Next to nothing it seems.
I do know I can sell 100k shares at 9.25p if I was so minded. Can't get a price to buy even half that. They've found a few sellers at least but I guess not enough to keep it moving up. Again I thought it would soften a bit this morning after a few had time to think and decide to get out over the weekend. Not a strong set of predictions this weekend. Perhaps it was the beer.

Anyway, we move closer to good news. Guess people want in before it lands as they'll clearly miss out on the rise once good news is announced.
BTW anyone going on Thurs?

[wrighty46] 09/5/2016 11:40

Thanks for this board. Had my final top up this morning. Time to sit back now. Annoyed with selft Radernie though took 2 weeks to do a change of address on my account and couldn't deposit until it was done. Not even by phone. GLA

[mattjos] 09/5/2016 11:35

finding a few sellers but, not many & they being snapped up anyway

[jbe81] 09/5/2016 10:38

Cantor on the bid..

[zhockey] 09/5/2016 10:24

Tight spread for a change, what does it portend?

[zhockey] 08/5/2016 15:40

Here is another take on the gold price.

hxxp://blog.smartmoneytrackerpremium.com/2016/05/gold-cots-sentiment-levels.html

hxxp://blog.smartmoneytrackerpremium.com/2016/05/caution-next-week-metals.html

[mattjos] 08/5/2016 12:39

Valued in other global currencies, Gold has already broken out to new all time highs / is on the verge of doing so.We always focus on the price in US$ but in many other countries, they look at it according to their local currency & as the number of currencies, in which gold breaks out to all time highs, increases ... So too will the number of people buying it. That is more likely to be physical demand rather than paper demand. I believe the physical demand is now beginning to swamp the paper market.Look at this selection of gold currency charts:http://www.zerohedge.com/news/2016-05-07/gold-doing-what-it-does-best

[jbravo2] 08/5/2016 10:49

Nice posts mattjos.
$4,000 gold? Flip. Can't see it myself but that would of course annihilate IPO price.
I agree that even if we don't reach those heady gold prices that we shall exceed IPO price in a few years. Debt repayment and increases in production should make sure of that.

[mattjos] 07/5/2016 23:19

A great summary of the current situation re. Gold & Silverhttp://news.sharpspixley.com/article/lawrie-williams-gold-price-reluctance-to-fall-could-bode-well-in-this-year-of-mega-black-swans/249630/I believe Gold is going to go to $1,400+ in the near term but, Brexit & Trump should see it propelled very much higher later this year & into 2017. There are so so many possible Black Swans for the global economy just now. I can't think of there being so many catalysts ever before.I'd be surprised if we don't see Gold challenge $4,000 at some point in the next 18 months but, that is very much a personal view based on TA of the long term gold chart.As for AAZ .. I remain persuaded it will exceed its IPO price

[philo124] 07/5/2016 20:20

Chart looks very good, if management can deliver on production and debt reduction what can be read from the chart will come to pass. Enshalah.