Member Info for Banter

This has been punished for having debt, the market has priced this to fail, in realistic terms compared to other miners with a good stable track record and good management, AAZ should be 50-60p and still it wouldn't look overvalued. Markets will never cease to amaze me, How is it you can find a company with nothing valued 10x a company in production with solid assets.

Hopefully more to come, looks like things are finally turning a corner here, we might start to see some value in our shares soon

Let's hope it holds these gains at close, good or bad production figures this week, this is still way undervalued.

Good time to buy if you have spare cash, small volume 10% drop overdone, this was always expected though, even if they didn't reduce their target. We came from 5p to 20p in a very short time and the market never goes up in a straight line, not long and this will be pushed up sgain once it's taken a nice breather.

Not a bad update today, a few positives, further reduced costs, return to profits, 2nd SAG mill completed, exploration stepping up, further reductions in the pipeline, only real negative was the small drop in annual target, I guess Mr Market will focus on the negative but looking forward things are starting to hot up. Still very undervalued in my opinion Daisan.

How many oz for July then? I can't find production figures listed anywhere

Guess we're all waiting until the next quarterly update

One day patience will be rewarded.

Chovdar would be great addition to their existing operations as it's got proven reserves and it's virtually ready to start production as the plant and facilities are already in place. I think they could double their existing production figures if they manage to get those assets. I don't think the market has priced this in at all as its purely minor speculation at the moment and until we hear something official from the company regarding the outcome of such negotiations, there is nothing to price in. It would make sense for the government to give Chovdar to AAZ as it would create revenue and jobs for there economy and remove the black cloud the that the previous operator left behind by not paying workers and fleecing the gold. Seeing as AAZ have a successful team with a proven track record I don't see no reason why this won't happen. I think we just need to be patient as these things don't generally happen overnight, but if it does, I personally think this will rerate significantly.

Great quarter, operations going well and to plan by the sounds of things. Further savings upon completion of connection to the grid will further reduce costs which is another bonus. Very happy with my investment here.

Let's see what theirs week brings, looking good for precious metals, silver broke through $20 ok

When the stock was at 6p Ig were on closing only, typical Ig

I think pi's are put off because either they cannot trade these through cfd's and have to physically own the shares which means parting with more cash, or they haven't a clue about Azerbaijan and think it's a scary place to invest and would rather place their money in riskier places like Africa and beyond, it amazes me the lack intelligence that invests in the aim market, bigger players will more than likely be put off as it's quite hard to take a large position given the lack of stock available, none of the above should be negative for AAZ though, its quite nice to have a stock that's not manipulated by big fund managers shorting the stock looking for stops and having a message board full of bs. A steady rise will do nicely, the second we start hitting the high riser board, the board will come alive with unwanted day traders

Totally agree, if gold stays where it is for the rest of this year I can see the debt disappearing pretty quickly, this should rocket after that, so few shares in issue this could easily be £3-4 in a few years if they open up more mines and increase reserves without issuing new shares. Reza Vazira wouldnt put his own money into this if he wasn't confident this will one day be the mid tier producer they have always aimed to be.

Good news, finally turning a corner, better grades being mined also, can't ask for more that that, should start to see significant paying down of debt at current prices

£1+ possible in my opinion, I'm in for the long term though

Boom for gold, weaker pound, all positive for AAZ

Gold up again, looking good for tomorrow

Looking good for a test of 20p soon I think

Anglo Asian is also actively seeking to exploit its first mover advantage in Azerbaijan to identify additional projects, as well as looking for other properties in order to fulfil its expansion ambitions and become a mid-tier gold and copper metal production company.