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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
This was the price before all this environmental report came on, it was actually 120p, once Gilar and Zafar come online then it will approaching that price and maybe more.
Only a couple of months to wait and this could double
Amazed there is not more attention being paid to this situation.
Easy money to be made if you do a bit of homework.
I’m not sure about 100p just yet but certainly further short term upside and way beyond 100p longer term
Now that the RNS has cleared up this issue which has been dragging the share price down for the last few months, AAZ can now get back to business.
Yesterday was very strange but the second RNS has cleared all the doubters. Should double from here
This is going higher, no question.
Delighted with my purchases today. Good days work.
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.
Well done those buying sub 40p
54p and 62p short term resistance from here
Previously well over 100p,and big expansion into copper...This could be 300p....in a couple of years,in my opinion....
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.....
I know I am!
Just us enjoying the ride then pedro ;)
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....
Should be a higher s.p. than yesterday with that news....Time to pile in before the s.p. doubles....Amazing news!!!
As suspected the drop was nothing more than a fishing operation. "Resource nationalism"... instrumented by Micon... complete nonsense. Following that suspect Interim statement this morning with particular emphasis to the Group's future there has been intense buying of stock at these multi-year lows! Some people will make a fortune today. Those who wait will likely make a good deal more.
See latest update: 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.
The Company will release further details as they become available, including a summary of the key findings of the Report.
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.
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.
Yes looks like a bounce is developing. I topped up @ 37.
Agree, I'm out at a loss here buys have slowed up.