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Seems many miners off the boil now. This is often illiquid so leads to greater volatile.
Anyone any idea what’s happening with AAZ sp dropping on low selling volume…seems oversold big time…
The last two tranches I will be buying will be quite an average down at this rate.
Large buys here showing as sells as one of them was mine ;)
Added second bigger tranche average down on previous of 10p.
gold5, you were right. Have you bought anything else in the past few days to give us anymore oversold share tips ?
It happens to all of us. Another gold/silver miner I just bought has also gone down. IMO It's a sector wide trend, despite the highest gold prices being reached again, also profits must have been taken from the recent rise here.
Re copper supply...Take a look at what's happening in peru
acquired some today @104.88. Will now drop as is always the way until interest rates settle.
Well put a buy order in today after drop, to top up my holding but was staggered to see a 4p spread...... Not hopeful that order will be successful now as not prepared for that mark up. I suppose its rising interest rates against gold investments now. 4% this week.??
In an ISA and if it pulls back will average it off with 3 more tranche buys. Rationale is copper demand.
https://en.trend.az/business/3699791.html
Anglo Asian Mining eyes to boost gold output on Azerbaijan's new deposit
"BAKU, Azerbaijan, January 25. Anglo Asian Mining PLC (AIM) company expects more production of precious metals at the new Gilar deposit in Azerbaijan, Trend reports citing AIM.
According to the company, new drill results at the deposit confirm this expectation.
AIM stressed that continuous gold and copper mineralization is expected to be extended up to 68 meters compared to previous drilling.
Besides, according to the company, the new results encourage the construction of a tunnel at Gilar for exploration and production.
The company also stressed that it has already started updating its databases about each deposit and that the new data will allow a significant increase in the previous estimates on precious metals.
Previously, the company said that the Gilar deposit contains over 135,000 ounces of gold, 21,500 tons of copper, and 23,000 tons of zinc.
The main activity of Anglo Asian Mining in Azerbaijan is focused in Gadabay, and this year the "Zafar" deposit is planned to be commissioned in the Gadabay district. In addition, in the coming years, Anglo Asian Mining plans to put into operation such contract zones as "Garadagh", "Kharkhar" and "Damirli". On the liberated territories, the company has already started the exploration of the Vezhnali gold deposit in the Zangilan district.
Anglo Asian Mining mainly exports gold bars produced in Azerbaijan to Switzerland, and copper to Georgia, Uzbekistan, and Türkiye.
Libero Copper is a mineral exploration company that holds a collection of porphyry copper deposits throughout the Americas in prolific but stable jurisdictions. The portfolio includes Mocoa, a porphyry copper-molybdenum deposit located in Putumayo, Colombia; Esperanza, a porphyry copper-gold and epithermal gold project in San Juan, Argentina; Big Red, a new greenfield discovery in the Golden Triangle and Big Bulk, a fully permitted and drill-ready porphyry copper-gold target, both projects located in British Columbia, Canada.
Can I have your views on this..
Anglo Asian Mining plc ("Anglo Asian" or the "Company"), the AIM listed gold, copper and silver producer primarily focused in Azerbaijan, is pleased to announce it has made a third investment in Libero Copper & Gold Corporation ("Libero") to acquire 2.6 million new shares at CAN 15 cents per share for a total consideration of CAN$390,000 (US$289,000).
The investment, which maintains the Company's 19.8 per cent. shareholding, forms part of Libero's recently launched private placement with gross proceeds of approximately CAN$2.0 million (US$1.5 million) to be used for exploration at the Mocoa and Esperanza copper porphyry projects in Colombia and Argentina respectively. Further information about Libero's properties can be found at: https://www.liberocopper.com.
Libero is listed on the TSX Venture Exchange (ticker LBC) and owns, or has the right to acquire, several copper exploration properties in North and South America including Mocoa, one of the world's largest undeveloped copper-molybdenum resources. Anglo Asian now holds 18.1 million common shares in Libero, as well as a total of 8.9 million warrants exercisable at CAN 22 cents and CAN 75 cents per share as set out in the table below.
Thank you Mattjos you've already given the board a boost as well as others that is.
I don`t think the market has recognised the significance of these latest drill results which are exceptional for a company of our size. No wonder the BOD are excited.
https://en.trend.az/business/3699791.html
But I'm not registered for their site yet !
"Gilar continues to deliver exceptionally good grades of gold and copper over significant thicknesses of mineralisation. This will clearly increase the mineral resources of the deposit. The discovery of free gold at Gilar will mean adjusting our approach to processing the deposit, with preliminary metallurgical testwork planned to optimise the recovery of metals. The team are very excited to progress this project at pace and begin production."
Nice to finally have few posters here, have been here for a while myself bored stiffness of the advfn :) welcome all
Thanks HH. I do hope AAZ investors on this forum have the patience to stick with the company & follow the developments coming this year. As exciting now as it was in early 2016 when they were heavily debt laden as a consequence of building the Flotation plant to process the copper-rich ores from Gedabek open pit.
Now we have the core Flotation plant (always designed and constructed to be a modular system that can be added to incrementally) & we're expanding that capacity and adding the new zinc circuit.
We may well need to addd additional processing and crushing capacity in 2024 to do justice to Gilar and Zafer but, that decision likely being deferred until we know what we have elsewhere. The company truly in a stronger position now than at any time in its history to date. Glad to have all LSE inverstors on board and hopefully some recent newer ones.
Great to see you over here as well Matt. I don't post much on either here or ADVFN, but your exceptionally well managed thread is brilliant, along with the regular contributors.
Keep up the good work.
HH.
These are also staggeringly good gold intercepts!
The excellent copper credits just contribute to what is a genuinely fantastic set of results.
68.35m @ 2.40g/t gold, 2.89% copper and 1.58% zinc from 320.00m, including:
· 55.4m @ 2.7g/t Au, 3.5% Cu and 1.4% zinc at 1.5g/t gold cut-off from 331.00m, including at a 2.0 g/t Au cut-off
o 33.3m @ 3.0g/t Au, 5.4% Cu and 2.0% zinc from 333.00m
o 14.4m @ 2.8 g/t Au, 0.4% Cu and 0.2% zinc from 372.00m
GLA
here I am gold5 :-)
I do read this thread time to time but, as you prtoably know I manage the AAZ thread on ADVFN.
What more could AAZ investors wish for?? I was in Gedabek on the day the ZTEM heli survey first took off and Gilar was one of the prospects identified. Yes, it's taken a long time but, wow! It was sure worth it.
I'll be very, very surprised if this is not trading over £3/share at some point in the next 18 months. My current price target from here is £3.50 / share but, always willing to reevaluate and raise my target according to metal prices and developments on the new concessions
To put this morning's results into more context, below is a link to the worlds highest grade copper mines. For underground mines, average grades of 4.1% make number 5 on the list... so the 5.4% intercept over 33m is truly world class.
To have 3 holes of average 61m @2.87% is probably the best I can recall seeing, certainly from anyone on the AIM.
https://www.mining.com/the-worlds-top-10-highest-grade-copper-mines/
The key question is how big the high grade area is? There are some true monsters out there and Gilar has huge potential based on ~21 drill holes so far, it's no wonder the team are 'very excited'.
I just wish Mattjos would post here as well. I think that now we have a clear upside of 50p to the SP with latest news. Be nice to read his views, as he has visited site in the past. We did achieve 175.00 on less promising news and now we have other investments as well (not forgetting divi).
I find it amazing that anyone would be selling at only a couple of % higher than yesterday based on this mornings RNS... 5.4% copper + 3g/t gold over 33metres?! That's huge. And multiple holes hit >2% copper too.
It looks to me as if they are heading for a much more even split between gold & copper output and resulting revenue as their current mines are low grade copper. Once the market sees the revenue coming in then this will be far above current levels & also be sporting a much bigger dividend IMO.
Gold5, I wouldn't give up on ADVFN some very good posters on the Mattjos thread.