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Nice demand for the shares. Time for gold to shine?
Where has this joker come from. The West has blood on its hands. The US is responsible for causing the most loss of life/starting wars in the last few hundred years through its intervention on false pretences - one example being the lies about weapons of mass destruction in Iraq and consequently causing the loss of millions of lives. In the US you have a police force that is shooting black people without attempting lawful arrest. There is corruption in this country except that it is more discreet and not as open as in other countries.
I don't see you boycotting these countries.
You are not genuine in your posts imo as you are blatantly ramping Polx on the other board - a 1 billion pound company next year. Lol!!!! Get real the company is forecast to make years of losses and will need to raise funds again possibly next year as it is quickly burning through cash. None of these blockbuster type companies with innovative products etc has fared well in the last 12 months why will Polx be different? If you were a genuine poster you wouldn't be ramping on the Polx board.
I was invested in Polx but sold at prices near the £1 level having bought in the 20s looks like you are sitting on losses there. No need to make up rubbish though to get yourself out of the situation you find yourself in or if you are trading it to post what suits your investment at the time.
Tony u sound like an idiot, not everything is black and white.. azeri government has no rights for these lands and its resources, aaz are as corrupt as the azeri government and that’s why they like doing business together.. aliev and his regime are responsible for numerous murders of journalists that have released damaging info, he is no different to erdogan or putin or mbs.. just look at the murder of the journalist in Malta regarding the corrupt gas deal.. I know u don’t care cause u r thinking about ur investment here, but if you look at this situation from a neutral point of view you wouldn’t be posting that garbage here…
innovation not innovative in previous.
Its Aboolik from Armenia now wanting attention.
Everything I write on here is in the public domain. I read and research a great deal. You have no idea of what I know and do not know. However, AAZ do have a right to have access to a mine which is their legal property going back decades ago which they paid for. The rule of law and ownership has a value in any society unless you want to live in a cave. Without it there is no security and safety or freedom and a loss of innovative or to be productive. I am sure AAZ would have programmes to support the local community if they resumed mining at their property and they are not the kind of people who you think they are. I am sure they would ensure worker safety which certainly does not apply under illegal operations. If you run a society on theft it becomes chaos. If someone wants to argue about ownership there is an international court that can adjudicate on such matters. AAZ have chosen an international route to exchange views, but those ignoring the law choose not to. As a consequence access to other benefits get suspended. There is a sensible route to resolving such disputes and it involves negotiations.
Tony
You have no clue about the politics in this region.
All you care about is your investment and no regards for lives of innocent people blocked by the Azeri barbarians.
https://www.youtube.com/watch?v=OASNNa-hi4s
Small-cap mining share tips for 2023
Tony before writing stuff like that do your research. Azeri never had any right to these lands, they belong to ppl of Artsakh. Azeris are selling Russian gas to EU so stop making up bull**** stories, they are a dictatorship just like turkey.. AAZ are owned by a bunch of horrible ppl that have blood on their hands and one day this will be made public.. so good luck with ur investment here…
2 consecutive days with RNS seems to be appetising? Hope this is the start of regular updates. Congrats Board.
Error in the second line Armenia as do Russia instead of and Russia.
Very interesting take Tony.
All I would say is that, this needs to be resolved as soon as possible, which will likely still be at least a year or more. Then it will take some time to sort out and make safe before any assessment takes place, let alone mining. This is why the new new extensions and discoveries in the current areas, are very important stop gaps to development of new CA’s.
Visitor,
The USA Government within Azerbaijan has been helpful, but that message has not got through to the Democratic party in USA who side with Armenia and Russia. Both countries are siding with Armenia as they do not like the idea of Azerbaijan supplying Europe with oil and energy supplies. This is not lost on Turkey and the EU and can spill over into NATO and what is happening in Ukraine. Hence why this issue is all being made very public. The Russian peacekeeper commander has been summoned for talks by the Azerbaijan government as he was preventing AAZ staff visiting their mine to benefit an Armenian company operating illegally. USA has to get its foreign policy in better order and they now have an opportunity to do it as it looks like the USA Government supports illegal acts against its European commercial allies. Tony
My own ignorance but why has AAZ bothered to inform UN, the US State Dept, the UK Foreign Office and the EU? I assume they're working closely with Az Government to get matter resolved and would have thought Az Government would make these representations, not AAZ directly...
This was made known a month ago in the news and confirms actions taken by the company as a result. The value of the assets have not been credited in the stock price to date as far as I can ascertain. It therefore should already be priced in.
I agree. Juniors getting roughed up and majors on the rise this morning. Juniors will get valued in the near future. In the meantime it is on discount for those looking for a port in a storm.
5p fraid not, at least not at the current time of writing.
Adding Zifar and Gilar gives in rounded figures 50k tonnes Cu, 210 oz Au and 60k tonnes Zn. Multiplying by current market prices gives nearly a $1b stache of resources. Not bad for 6 months work and get Mr Market goes meh!
Given the efficiency with which this company has, hitherto, mined gold I have no doubt they will turn a profit on these deposits too.
It's not worth banging you head against a brick wall with frustration. Juist enjoy the divi and wait for the worm to turn. As it will.
That's my advice!
At least 5p on the share price.
A lot of evidence is building of a shortage in the copper market and the company has now found more gold. As we approach the end of the year, I remain hopeful for AAZ next year. It is a reliable source for divis. The strategy document is really important. I hope the company is doing an excellent job in putting it altogether. I certainly encourage them to have several external experts contribute as the evidence to the market would have greater value.
The company has more detail on the drilling data to support the economics of a new underground gold mine with some copper and zinc production at Gilar on its website The data gave us depth of drill holes and g/t characteristics. It is quite possible that the discovery is in excess of 100,000 ounces although we do not have rock density data and true width measurements to give a total tonnage volume. The company website does suggests an 80 metre or so width direction. So overall the find is greater than the gold content at Zafar. The company would probable find it economic to produce 20,000 ounces over 5 years as it is conveniently located after reducing ounces lost on mining recovery rates. $300 per ounce for a $30M mine investment with say $900 mining cost per ounce still gives a shared profit to the company of say $250 per ounce equating to $25M profit after tax and mine build. Lower grade ounces can be mined out with mine extension. Overall the find recovers mined out resources from Gedebek and helps the company progress with capital flows to get to higher copper production outputs from other resources.
The story here is quite complex as so many pockets of resources exist for the company to get to where it ultimately wants to achieve. The consistency of generating revenues above $100M a year look set to continue with an ability to continue paying some dividends. The company management need to get the strategy published. They have a great story to sell. In the meantime I believe the share price is undervalued and is a port in a recessionary storm about to hit deeply throughout Europe.
I suspect building large new copper mines would benefit from a bond on par with arrangements that Fresnillo undertake in its mine construction programmes. I am hoping to see the company recruit some new staff that support their growth ambitions. Tony
In my case a 4p average down buy.
What we do know is that the company will increase the copper revenue from around $18M a year to around $33M so the flotation plant is easily recovered from future profits for that element alone, assuming Zafar online July 2023. Copper from the middle of next year will be 1/3 of all the company revenue if it can deliver $100M in total which. Zafar can deliver 6,000 ounce of gold in 2023 on a pro rata 12,000 ounce a year run-rate. Zafar therefore delivers a $10M revenue from Zafar alone and it is $20M the following year at 1700 gold price per ounce. The Gedabek gold target per annum is 30,000 ounces or 7,500 ounces per quarter for $100M total revenue. This is achievable at 0.3g / tonne for the open pit and 1 g/t for underground Gadir which is a 20% decline in mining rates for open pit and 40% for underground which is quite pessimistic. In this scenario GEOs remain constant at 58,000 but if the Gosha vein can add 6,000 ounces and if Gedabek holds without further declines in grade than the GEO production target in 2023 becomes 72,000 ounces. Gosha vein alone with declining grades elsewhere gives 66,000 GEOs again providing Zafar is producing in July 2023. If the new mine runs late and H2 is end of year than the company is in trouble and perhaps high-grade veins not used in the current year are a possible back stop to prevent any further drop in annual production. We do need the board to spell this all out and not have us guessing on what their annual targets are and operational target deadlines more focussed than sometime in H2. If they hit targets outlined the SP could be 140p and if they miss them, we could see 60p. This is a hopeless range to put on ordinary investors. Quite a few investors could live with 90-110p with divis maintained. We need the metrics to help elucidate the target tolerance ranges.
First time i can recall the company mentioning a figure and a preliminary date for Zafar although there has been talk of ramping up production previously so this is welcome news.
Zafar entering production in H223 is the first step towards becoming a 100,000oz per annum producer.
As my fellow holder below mentions it would be more reassuring if we also learnt the true costs in the near term and whether our 8-9% dividend will remain safe
The problem I have is how much all of it will cost. We have no financial outlay about what the company is doing on this project. We need proper information not just piecemeal bits of what they are doing.
preparing for ramping up production to 100,000 in 2023.