Anglo Asian Share Price (AAZ)

Presentation on Wednesday and AGM on Thursday. The Azari's had a Byram holiday and will be back at work on Tuesday.

The rubber stamp paperwork being finished is a very remote possibility.

Demirli mine news is the Jack in the pack of cards.

It used to employ 1400 people when the crooks ran it !

I am fully loaded and awaiting news from the BoD.

Patience is the mantra here and good luck to the sellers.

ATB and GLA holders of this gem in AIM.

Not sure what it means but it is progress.

I always intend to pull out on TD approval. Made 8% profit and may well come back to AAZ when I get a better idea of their finances. Wishing all long term holders good luck. Tony

I must say I am surprised at the muted response of the share price. After yesterday's 10% fall it's only up marginally. Basically permission granted now puts the company right back on track. Yes the company has bled cash but against that gold, copper and silver prices have substantially increased so in terms of future cash flow (greater cash flows from not digging the stuff out of the ground minus extra interest payments due) may be neutral or even net positive. Added to that the company have been developing the new mines apace and you have a solid argument for a 25-50% hike in the price.

It's clearly not happened so why? Perhaps I'm being to optimistic that the minor administrative tasks remaining are more substantial than the RNS is letting on or, that Mr Market, battered by underwhelming performance of junior miners is refusing to get out of bed.

Which is it? We'll see....

Plenty more nose bleeds to come.