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Wrong site. Time to say goodbye!
You realise 48.5p was paid last week and 50p paid today and yesterday??
Price is 56p ?
BushyTailed
Posts: 3,846
Price: 71.00
No Opinion
RE: JORC RNS Finally Out11 Dec 2023 11:10
I tell you what, just to prove that my comments have zero influence over the share price, I'll pop back in at 50p to say hello.
Gl
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.
Can not trust my brokers chart info , my notes were a better guide to 26/9/23 price.
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.
There are very good reasons for the very low price, recovery and re-trace, which I am sure you are well aware of. Patience will be rewarded. Next catalyst will be news on the existing tailings dam raise and permission for the new one, followed by resumption of use of agitation plant.
The Company together with its subsidiaries is involved in the exploration and development of gold and copper projects in the Republic of Azerbaijan
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
Yes I’m wondering why the SP is down nearly 12%?
Is that another 3 month delay for Gilar?
I will pop back at £1, let’s see, only a matter of time for the approval of the dam wall, then we will see
I tell you what, just to prove that my comments have zero influence over the share price, I'll pop back in at 50p to say hello.
Gl 🤡
Bushy jog on, you are a sad deramping old man, I see your comments on ADVFN zzzzz
Time to sell again... Eyeing the gap at circa 52p
How impressive this is, $1 billion worth of metal in the ground and it’s only the first JORC, company progressing well, Gilar should be up and running v soon. The road back to £1 continues, no more nasty surprises here
Azerbaijan International Mining Company (AIMC) Limited will introduce new mining technologies in Gedebey, and the presentation ceremony will be held on 11 December, Azernews reports.
AIMC said that the presentation ceremony will showcase recently acquired underground mining equipment for the development and future operation of the newly opened Gilar and Zafar underground mines. These technologies will be applied for the first time in the mining industry of Azerbaijan.
Executives, AIMC staff, representatives of the Ecology and Natural Resources Ministry, local executive authorities, and media representatives are expected to attend the event. The equipment that will be presented meets the most modern requirements. It is designed to ensure the efficiency and effectiveness of the work performed, as well as to increase future production capacity.
It should be recalled that to create a gold mining industry in Azerbaijan, AIMC established a partnership with the Azerbaijani Ecology and Natural Resources Ministry and American company RV Investment Group Services by the Decree of the President of the Republic of Azerbaijan On Exploration and Development of Several Gold Deposits of the Republic of Azerbaijan, dated 5 February 1996.
Following the Production Sharing Agreement signed between LLC on 20 August 1997 and the amendment dated 20 June. It has the right to explore and develop the Gizilbulag, Demirli, and Veynali gold, copper and polymetallic deposits, which are exempt from occupation, located in the Zangazur economic zone until 2022.
Selling was most likely because JORC hasn’t arrived however copper and gold keep following higher and AAZ languishing.
Another 30-40% due on JORC and positive dam news
Plenty of selling suddenly, have anyone seen any news?
Totally agree, Dam news could be imminent, also new mines in NK. JORC news could have been expected today but maybe the resource is alot bigger than first assumed, which would be amazing.
They could be wanting to give more updates in one go. But in the meantime Gold and Copper prices holding firm
Both feet now in the 80s. Setting up nicely ahead of some key updates over the next few months
Metal prices have really surged here, JORC should arrive tomorrow but no sweat if it doesn’t.
Sometimes drilling reveals more than expected hence the delay could be a good thing.
AAZ should really rerate once Dam plan in place back over £1.20
Gilar JORC said it would be released in November so it’s looking like next week now which will be exciting
Yep Gilar will be critical and I suspect underreported so far?