Anglo Asian Mining Share Discussion Threads

[zhockey] 16/5/2016 11:41

I always thought MML were overvalued when compaired to AAZ.

[ilostthelot] 16/5/2016 11:39

I hold MML on the Asx it delisted from London a while back. They're worth a look market cap $A160 M

[zhockey] 16/5/2016 11:35

I spent some time at the weekend looking for other small cap miners that are under the radar and have some potential. I came across VAST, has anyone looked at them before? I've taken a small holding there as there looks like a good possibility for this to double on permiting news in the short term.

Couldnt find anything else to rival AAZ in terms of value.

[mattjos] 16/5/2016 10:46

Gold looking very perky today.
The Brexit vote pollsters seem to have it running at 50/50 currently. 6 weeks to go and Gold, I suggest, should keep in an upward trajectory between now and then

[brasso3] 16/5/2016 08:38

Not much new information in that presentation. Its almost identical to the one AAZ delivered last time.

Prodution figures to look forward to next and can gold break $1300...

[jbe81] 16/5/2016 07:55

link to pdf of last week's presentation

[ferries5] 14/5/2016 09:29

AzerGold’s Charter endorsed 11th May




The charter is in Azerbaijani, and unable to translate it. Tried google and ended up with a blue screen. But I wonder if this has anything to do with the recent share price rise. Or is it just coincidence .

Also the president has authorised new road building at Gedabey . does not state where to ??

[philo124] 14/5/2016 08:04

Clearing 10p with some conviction makes a great week. Clear 16p and we will be off to the races.

[zhockey] 13/5/2016 22:43

Whilst it may seem disappointing that the last two days have not held their highs, if fact I think what we have seen is intra-day consolidation as opposed to a big spike followed by a sharp sell-off. I think that is actually positive moving forward, it does also seem like someone or several parties are building a stake. The volume buyer will be on the bid so every sell on the chart is a buy for them.

[brasso3] 13/5/2016 22:28

5500oz would be a 10% increase from March so lets not be greedy!

[jeanesy] 13/5/2016 21:47

Im hoping for about 60000z too myself. The weather has been much better.

[terropol] 13/5/2016 21:31

Brasso We could well get 6000oz or more...

[jeanesy] 13/5/2016 21:07

Great week here. Shame about the re-trace again, will be pi day traders selling out and taking profit. I haven't sold a bean yet myself. Hopefully the rise has only just begun. If we get good production figures next week and a positive update at the end of the month then we will see a steady climb from here hopefully.. please!!

[brasso3] 13/5/2016 17:38

April figures on Tuesday/ Wednesday next week I expect.

I am hoping for 5500oz gold.

5500oz at 87% NRI x ($1250 - $700) = $2.6m operating profit

[zhockey] 13/5/2016 13:49

Yes but they have no mine plan to support that yet so I have assumed a modest doubling of Cu production.

[aps55555] 13/5/2016 13:30

Do you realize there are 80,000 tons that can be produced?

Assuming 75% recovery in floatation that is 60,000 tons :)

[zhockey] 13/5/2016 13:19

Hi Aps,

2000T copper rising to 4000T in 2018 and priced as a biproduct offset.

I do not use a discount factor but only consider six years of production.

[aps55555] 13/5/2016 12:56

Zhockey,

Your model seems extremely conservative for some reason.

I have a detailed model and plugging in $1,500 gives a price target over 120p :)

What is the discount rate you are assuming? How much copper production starting in 2018? Costs wil come down significantly once agitation leaching is slowed down.

Best

[zhockey] 13/5/2016 12:51

Plugging 1500 into my models gives a target of 60p, and that's based on only 50,000 oz/year after 2017.

[mattjos] 13/5/2016 12:31

Gold chart suggesting that next week could get very, very interesting.
To fit a Handle formation off a Cup, it usually takes 10-15 sessions. We're 12 sessions into that timeframe now . A break of the current small down trend followed by a break of 1290 should see it on the way to $1,500.

If Proactive put up a video of Bill's talk last night, please put the link on here someone and I'll then put it in the header with a button link, if you want.

Have a good weekend all

[jbravo2] 13/5/2016 10:51

Presumably more buys in the background (same as yesterday) i.e. yet to be published, as seems to be moving faster than data would suggest so far?

[jbe81] 13/5/2016 10:37

Gold has rebounded well today, cant see it retracing, although I wouldn't mind if it did

[mattjos] 13/5/2016 09:49

looking at that trading yesterday & various comments across the boards, there are a few smugly commenting that they sold yesterday and pocketed the gains and now waiting for a re-trace to buy back.
However, there was a buyer in size yesterday who appeared to have scooped up most if not all of that stock ... I'm not altogether convinced those now waiting for a re-trace will be so rewarded.
Bill sounds like he has done a good job and settled any nerves - just what was called for at this stage.