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According to the Solgold board posters this Fortissimo is the same character under the username ColonelDrake whose account was closed by LSE. ColonelDrake did post the same kind of posts as he is doing now a while ago on this board and they were poorly researched and based on old articles he/she found on the internet and there seemed to be an ulterior motive for posting.
The poster is becoming a troll in my view - believe the poster was trolling the GGP board as well if my recollection is correct before the CD account was closed. If he persists he can be reported.
In light of the RNS and the fact that there has been so much work done at Garadagh I took at look at what plans Azergold had for the deposit (they have removed the content and probably never disclosed very much in the first place) but I found the statement below from a discussion in). Apparently at the end of 2020 (20months ago) they planned to start mining with a target date of 2026 at this and various other sites. But interestingly they go on to say they could start production much sooner - within a year.
I suppose the read across is that they believed they had enough positive exploration data to start operations at that point; so logically it should take AAZ maybe 2 or 3 years and little exploration (reasonable cost) to get sorted and operating - if they are satisfied with the data of course.
That is so much better than a green-field new licence where is can literally take a decade or longer to develop a working mine.
"...Thereby, AzerGold CJSC plans to start production at the Agyokhush field (Dashkesan region) in the coming days. It is also planned to launch the Myaryakh deposit (Dashkesan region) in 2021, while Tulallar deposit and the sulfide phase of the Chovdar deposit (Dashkesan region) in 2022. Besides, the optimization of the project for the commissioning of one of the largest deposits in Europe - the Filizchay polymetallic deposit (Balaken region), makes it possible to shift the start date of work on this field from the previously planned 2027 to 2025. Along with this, AzerGold plans to launch the copper deposits Garadagh, Kharkhar and Jairchay (Shamkir and Gadabay regions) in 2026 and to start production at another polymetallic deposit Mazymchay in Balaken region.
Remarkably, the schedule on commissioning of above named deposits was developed in accordance with the results of preliminary assessment. Based on the conclusions of the next analysis, the Company might make a decision on putting the deposits into operation sooner than scheduled, i.e in the middle of next year."
Fortissimo - interesting "if warped" view there mate, you have no reason to suggest the company will stitch up shareholders, absolutely no evidence or part history that they work against shareholder interests.
If you want to understand financing and other issues - do some research don't guess, why should someone do your research for you?
As for Azergold - THEY ARE NOT A PRIVATE COMPANY, they are owned by the Azerbaijani government and will never lend money to AAZ, they have their hands completely full dealing with major expansion plans of their own and the consequences of the newly acquire territory. In fact they list 11 project areas on their website as well as under the tab "Other Projects" they talk of the potential of the liberated territories and they will certainly inherit a number of operations plus the government will have no choice but involve them in the assessment of damage/pillage by the Armenians.
Just take a look at their website if you can be arsed, one of their strategic objectives is "DEVELOPMENT OF EXTERNAL RELATIONS AND INCREASE OF INCOME". IMO the deal with AAZ was exactly that, it was a victory for them and probably took away the headache of developing the assets when so stretched.
Licences where recently issued to Turkish companies so there is competition for the assets (I'm not aware of what they paid) and I was pleased when they first announced we where getting the licence areas for free (as a swap) -as I thought the trend might be to favour more Turkish companies for all new licences as the Azeri's own them big time for their support in the war. It would also be great for AAZ if they could partner up with a Turkish outfit on some new project IMO, as it would totally cement the company's strong position in country
Throw away one liners are easy criticism, but don't stand up to scrutiny - if you want to argue your point - show some evidence. Looks to me like some of you are looking for demons or playing games, just chucking in curved balls - always happy to debate if you have reasonable comment.
https://azergold.az/en/about/azergold-cjsc
They have had previous loans from a variety of people. The company nearly went broke with its initial mines but the ceo himself put several million $ in rather than dilute the shareholder's. The price was 5p then.
They have always been pretty straight talking and upfront, but clearly a company of this type carries big geopolitical risk, but so does africa or s.america.
I should just move on if not happy with this.
Have AAZ put together a guide on how they are going to fund the development of these licence blocks?? Let me guess... with a loan (an expensive one) from AzerGold bank lol!
Someone is having having a laugh here and it's not the shareholders.
Charlie156 - you are entitled to your viewpoint of course but so am I and the market has not made a judgement on that issue today, there is simply no interest in the company I never expected any significant response today. I'm sure you didn't either.
I don't see either a share buyback or the buying of critical data as doing anything wrong. I've just pointed out that this investment isn't for everyone, I really don't care if shareholders sell and not trying to influence anyone just discussing.
However, I'm not accepting that a share buyback (cautious approach) is wrong by a company in a strong financial position or the new contract areas are not a win - if you think it is please give it a go at explaining WHY.
JTD, this company can do no wrong in your eyes. The market disagrees, for this shareholder it does not feel like a win-win situation.
Gavster-NBC - if you truly are driven by dividends then you are invested in the wrong company - if the business strategy works this will indeed pay dividends but the main driver will be operational growth and that's where spare money will be destined.
The company has made it very clear over several years that the strategy is to grow to a Mid Tier Copper / Gold producer, as such IMO dividends will be a secondary concern not be guaranteed.
We are at odds on this, I want the bulk of the money ploughed back into growth as a long term strategy
If you want dividends look to utilities or FTSE giants, AAZ may not match them for years.
Finally, for anyone scratching their head and wondering - there is NO reason to believe there is anything wrong this the new licence areas - AAZ know the region better than any other entity.
Azergold is the national flagship company that has access to very large licence areas and effectively takes a share of the revenues of AAZ (they "the government" remain 51% owner, the principle is I suppose like the British companies that where privatised e.g. B.P. where the government retained a golden share but no involvement in running the operation).
The Azerbaijani government no longer needs to finance the development but shares in the rewards so it's is a win for them.
On the face of it AAZ is getting a huge amount of data for a pittance and I suspect AAZ will already have been briefed on what they are getting (or they wouldn't have agreed payment) as they are working closely with the government - we are apparently in good standing and well connected. The concessions where free (sort of, see below) and the is data for peanuts so a really good deal
The silver lining for me, is it also highlights that exploration is well advanced so the time to being the new areas into production will be shorter than I had envisaged - I believe that's the main revelation, not immediately obvious, in today's RNS.
Lets not forget the government (effectively Azergold) has got part of Zod as their share of the deal, probably the best gold mine/resource in the Caucuses with very high grades, AAZ might not be able to do something with it, challenging Russian companies and allegedly Oligarchs is not something for AAZ shareholders, the government on the other hand can fight and win.
So IMO it's a Win - Win situation.
"What's the catch?" On the face of it, it's either a hopeless waste of our cash or a great deal. If the mine truly was economic then the first question is surely AzerGold would be developing it, or, they may have considered they have too many exploration areas in their portfolio and can easily sell a couple. Could be there's some sort of deal going on between shareholders that may or may not be of both companies and this is some sort of liquidation of the cash to go along with a buyback. TBH I'd rather they increased the divi.
Can someone explain to me why AzerGold would simply just hand over the assets to AAZ for what looks like minimal cash outlay? What's the catch? And who's really behind Azergold as it certainly aint the three stooges they put up on their website!!?
Market hasn't been buying into AAZ's new transformational story for a while now. I do wonder whether the next event is to raise cash via another company with 3 stooges on the website lol! Slowly but surely the company end up in private hands but not until the stockmarket has been tapped for funds first!
Yes all very positive - this will all end very well for sherholders.
This is highly useful and gives an insight that 3 years from now how the acquisitions can deliver huge growth for AAZ. The share price will recover any future inflation worries in the meantime as they become a mid-tier copper producing company. Its buy and hold like my HZM holding and probably RBWR.