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Stehen Westhead, Vice President, purchased a total of 51,002 ordinary shares.
Following these transactions, Stephen Westhead holds a beneficial interest in 286,002 Ordinary Shares
I can’t see 64p being broken until they have confirmed mine re-opening plan. If it’s rapid - good - if not - not so good.
64p is solid, if can't break it then we're going lower again
Dibs - I take your point about not getting carried away but from the summary I have read there is nothing wrong with the tailings dam. It passed all technical tests.
The issue is with expanding it. The report didn't criticise its design aspects or the way in which the company wished to implement it but rather said they needed to improve its communications. Not sure how you measure "communications" or judge sufficient progress is being made so that flotation can start again....
Phatstyle - quote ‘mining could resume any day now’
You are aware of the issue with the tailings dam right? If mining is going to ‘resume any day now’ what is your proposed solution for the tailings dam?
I put through a large trade to sell ( but didn’t).
Normally it wouldn’t let me do that but it gave me a good price and instant sell. ( unusual) .
Conclusion. They want shares and the price is heading north!
Totally agree here, copper price seems to have recovered nicely too. This should be 100p very soon IMO, mining could resume any day now
There’s no reason now why we shouldn't be back working at 100% within a very short space of time.
The report wasn’t damning in anyway and just a few normal practices to catch up on. The locals should be appeased with the new tailings dump as the report stated there’s no problem. Should all be upwards from here.
Be quiet Dibs, you most likely sold too soon. Each to their own
Decided to take profits for now. We’ve had two decent days of rises and now I think a pause while market waits on mine reopening plan. This is now key. If it’s rapid - all well and good. But any further delay for any reason and it won’t be taken well.
Prepared to jump back in again if the mine reopens speedily.
AIMVHO
Some solid news and it seems we are heading in the right direction.
https://www.proactiveinvestors.com/companies/news/1028004/anglo-asian-told-to-communicate-better-over-gedabek-dam-plans-1028004.html?rel=scroll
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Goldprice in pounds near a 3 month high.....copper will rise as the world will need more copper and more copper resources...there will eventually be a big disconnect between supply and demand...AAz in a sweet spot....Rerate obviously needed , now the worries have been addressed...
Great news....No reason now for this share price....This should be quickly rerated back to over 100p.....
Oh dear, phatstyle has appeared to post his ramping nonsense 🙄
I think more like 80p, in the very short term as incoming starts flowing back.
New mines should just be around the corner now, therefore 100p v soon. Let’s see. This issue is now finally been put to bet and AAZ and shareholders can continue.
Also with Demirli about to be given back this adds to a new dimension
Pleased you folks have the info and visibility of what has to be done. I only wrote the one comment yesterday with the whole saga going on and had no position in AAZ. An exercise in demonstrating power over the company to the local people is the only reason why I can see this was dramatized as it was. The declining gold price at present would have the share at 60p in any case. As for 100p in 5 months time may depend on gold and copper prices that prevail at that time.
Totally agree Dib, I am shocked that the costs to put this episode right is near to nothing.
The company can now continue operations even sooner now and should see a nice steady climb in the share price. Glad this is all over now, would feel sick if I had sold within the last few days
I agree. Much ado about nothing. Negligible costs for improvement - largely administrative and communication rather than operational or infrastructure.
Now we need a rapid return to mining operations as there is no need for any significant delay in doing so that I can identify.
So basically there was nothing going on at all?, I am a bit confused that all of this was caused by absolutely nothing.
Better now that the costs to adhere to the report is basically zero and now AAZ can continue with operations as normal. Back to 100p v quickly
They have received the report back after due diligence ,so,everything looking good ....To suggest otherwise is nonsense as a full report would consider all aspects....So much to look forward to. I think 100p i 4-5 months and possibly more than 300p within 2 years is a sensible target.....This was 120p 6 months ago....and we have had much good news since then....
Totally disagree, environmental report can’t be that if activities are allowed to continue, 100p is very cheap for what AAZ could potentially turn into.
It seems you probably sold out yesterday and are left slightly bitter, I would be too
How many here thought the investment in Northern Ireland a few years back was wasted money. How many still feel 19% of Libero has been wonderful after an 80% SP drop. The board have made other decisions which are odd like giving loans out to friends as if they were some kind of bank. They also got the reserves of ore wrong on Zafar.
The CEO pointed out tailings dam issues years ago and the need to set aside around $25M for a new tailings dam or thereabouts. Instead the Board increased the height of the existing dam and kicked the can down the road. They now want to increase the height of the existing dam higher and at the same time build a new tailings dam. The first issue is extending a tailings dam even higher should be a deep concern. The initial decision made sense on safety grounds in not elevating that dam any higher. The idea of the President deciding they he can be assured by engineers that they can take the risk is quite troubling when the transparency is hidden by saying we operate to x standard. Once a dam was altered once and it is being altered further again then the standards become difficult to apply and interpret as the situation becomes more unique with little to compare with when using standards applied for the initial design. Considering some of the other decisions of the board there is a lot to worry about here. Buying the stock without seeing the environmental report is flying blind. Anyone buying here is speculating and guessing. I think it is utterly irresponsible to hype 100p share price here.
Totally agree, this was 70p pre the good news on restarting production, therefore it should be at least 80-90p right now
So many positives to look forward to....and the price is unchanged from before yesterdays announcements...This should be minimum 80p now.....with possibilities of 300p within 2 years....in my opinion....
Not to mention Demirli mine that Az have now acquired back, could get very interesting next couple of months here