Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Oversold results weren't that bad!!!
Plenty of buying, this will rebound.
Told ya's
Agree, I'm out at a loss here buys have slowed up.
Yes looks like a bounce is developing. I topped up @ 37.
Having painstakingly gone through todays update, I agree this price drop is an overreaction and there will be a bounce quite quickly offering a golden opportunity right now. As I write this I'm just seeing the report has been delivered and phase restarting can proceed.
Should be a higher s.p. than yesterday with that news....Time to pile in before the s.p. doubles....Amazing news!!!
If we had that news first thing this would be 80p......No reason why it should not be 80p on the news we have been waiting for....I am in.....This is set to nearly double this week,in my opinion....
Just us enjoying the ride then pedro ;)
People are piling in...I know...but if the news was given this morning,I really think this would be 80p right now.......Unbelievable really..that you can still buy at this level.....
Previously well over 100p,and big expansion into copper...This could be 300p....in a couple of years,in my opinion....
Well done those buying sub 40p
54p and 62p short term resistance from here
Most followers have already seen this great update from the company. But it needs to be posted yet again.
Final Micon environmental report and restart of operations
Anglo Asian Mining plc ("Anglo Asian" or the "Company"), the AIM listed gold, copper and silver producer focused on Azerbaijan announces that the final Micon report (the "Report") has been delivered today, 26 September 2023 to the Company and the Government of Azerbaijan (the "Government").
Following the receipt of the Report, the Prime Minister of Azerbaijan issued a press release saying that based on the Report the Gedabek plant can gradually restart operations. The restart of operations will take place in accordance with a timetable to be agreed with the Government. The Company and the Government will also work together to implement Micon's recommendations for the Gedabek operation contained in the Report.
This is going higher, no question.
Delighted with my purchases today. Good days work.
Had an order on 26/09/23 to buy more at 36p chart shows it was around today's price of 56p down 10% today .
Cheaper a month later 26/10/23 at 42p missed that.
A clime to 80p by 29th November , only one month from today .
Not to many posts this site on this one .
Still well down on my two buys.
bep 147p
2/3/21 Buy 142p
29/1/21 Buy 152p
The Company together with its subsidiaries is involved in the exploration and development of gold and copper projects in the Republic of Azerbaijan
I did not know the reason but do now
26th Sep 2023 Tuesday 11:13am Alliance News
Anglo Asian Mining shares plunge 40% as profit drops in first half
Anglo Asian Mining PLC on Tuesday said profit fell in the first half of 2023, as revenue declined and cost of sales increased.
Shares in the AIM-listed copper, gold and silver producer focused on Azerbaijan plunged 41% to 37.83 pence each in London on Tuesday morning.
In the six months that ended June 30, Anglo Asian Mining said pretax profit fell 75% to USD1.4 million from USD5.7 million a year earlier.
This was due to cost of sales rising 24% to USD25.2 million from USD20.4 million, while revenue fell 2.2% to USD30.8 million from USD31.5 million.
Looking ahead, Anglo Asian Mining said it will be primarily focused on working with the Azerbaijan government to fully resume mining and processing at Gebabek.
"Longer term, we will remain committed to pursuing our strategy to become a mid-tier miner and delivering attractive shareholder returns," the company said.
Chief Executive Officer Reza Vaziri commented: "Our results for the period were satisfactory, and within expectations, given that we were predominantly only mining from our open pit mine. The ore mined contains reducing gold grades as the mine approaches the end of its life. However, copper production increased as the processing capacity of our flotation plant was increased and a higher proportion of the capacity of our crushing and grinding circuits was utilised to provide it with feedstock.
"The curtailment of our agitation leaching and flotation processing whilst an environmental inspection was carried out, whilst regrettable, was understandable. The company has fully cooperated with all government requests to ensure the environmental inspection was carried out properly and to expedite other related matters. The report by Micon of the environmental inspection is currently being finalised."
Due to the curtailment of agitation leaching and flotation processing, Anglo Asian Mining said it revised its production guidance for 2023 to between 30,000 and 34,000 gold equivalent ounces, assuming agitation leaching and flotation processing will not be restarted until 2024.
Can not trust my brokers chart info , my notes were a better guide to 26/9/23 price.
I have made money on this share several times.Now ,looks to be a good time to invest,as news expected soon.This rose from 44p to 80p in 2 or 3 weeks,just a small time ago.Watch an even bigger rise ,on good news.Not much time to get in before news breaks.
RNS results.
Nice to see not much chat on this one . less then 100 over 5 months .
My broker had this 10% down at 8.30am , 2.3% down by 10am, 6.6% spread.
63p today.
The tip below on 8th January 56p was near the 23rd January 2024 low of 52p
26/09/23 Buy order on for 36p, I was to mean with hindsight 42p was the low around that time .