Member Info for Hhardon

That is what you call high grade " a gold grade of 42 g/t gold"! AAZ are struggling to get above 2 g/t.Puts things in perspective. H.

to-day.Good call by Bullspread. H.

let the market guide you....... believe its much easier (learnt d hard way) look at Serabi Gold for example...... they only recently started production and still in ramp up mode. these last few days it is flying given the strength in gold price & what seems to be change in market sentiment. AAZ on the other hand.... still sitting on all time lows. y? easy if u have followed this board for a long time 1) highly Indebted (most of the debt accumulated at the wrong time... i.e. at very high gold prices) 2) Problems with Grades..... after many coverups and excuses, MGt finally had to come clean about the issue. Now they are thinking of copper...... just in time when copper prices are falling further. 3) Lies about costs..... $500 per oz was the claim for a long time. It turns out to be much much higher.... 3) Mgt cannot be trusted... simple as that In terms of SP, true its at bottom but for me this was a sell long time ago due to the above reasons and won' touch it again. thanks God i started putting the jig-saw pieces together when it was still in the early 30s!! Things to look out now.... possible placing (due to pressure from banks imo) The only chance of signifcant upside is if POG goes (and stays) above $1500. Until then there are plenty other gold miners which will provide a better risk/return. GL B

and back down.H.

http://www.bloomberg.com/video/copper-follows-oil-down-tumbling-most-in-six-years-T5jIxCMcTx~9_My2n7Ujcw.html H.

http://abc.az/eng/news/84259.html H.

is a critical,sometimes very cold,and costly month for AAZ.................... and its shareholders! They managed to achieve the twice reduced FY production target.Not exactly news then is it.The last time they revised it down was November! Oil price down,whereas cyanide and anti-freeze costs remain the same.Debt up.Interest repayments higher.HQ costs drift higher every year.. The main reason for the sell rec is the following;complex,low grade multi-ore body with high copper content still has the high possibility to throw up a really poor production Q,at any time of the year.So it will not surprise me when it happens.Due to interest payments and costs,most likely AAZ will end 2015 with the same debt as they started. Apart from adding to costs Gosha has had zero impact. H.

The new low,historically,sp speaks volumes. As does this extract from November RNS.Especially the bottom line. Revised target for gold production for FY 2014 The reduction in targeted gold production "is a result of lower than forecast production since the beginning of November 2014." "Production has been adversely affected by lower than anticipated agitated leach plant throughput due to ore feed being harder than predicted" and " lower recoveries due to the high copper content of the ore continuing longer than expected." As a result of the decreased production target and the recent decline in gold price, the Board of Directors of Anglo Asian expects the Company's loss after tax for the year ending 31 December 2014 " " to be materially higher than market expectations." **ENDS**

to nephew.Nephew starts to sell his 200,000 "gift (67k and 10k to-day and yesterday)holding.Not a good indicator of things to come.And also a bit devious.H. PS 6p is better than sfa.

If the average pog goes to $1000 an oz for 6 months,this company goes bust. "are they managing to tackle the high cost per ounce?" Not according to the last RNS,quote,"losses anticipated to be higher than market expectations". The sp actually reached 55p.When the surface ore was of a higher grade,and easy for HL production.One year 67,000 ozs from HL alone,this feat will never be repeated.HL is cheap,sub $500 an oz and they were getting paid $1550-1700 an oz. A couple of other points to factor in.AAZ manned up the AL plant over a year ago,with higher qualified operators.The negative result will be ongoing higher wages. The debt is at least $50m.Plus whatever has to be added on to cover 2014 losses.They need to make an after tax profit of circa $1m per month,just to cover interest and HQ costs alone. H.

"share price appears to have already priced in any expected total loss for 2014." The company has yet to disclose the total loss for 2014. The sp has dropped for many good reasons. (Lower)production, and (higher)costs are way off what was being projected 2 years ago. The AL plant has not got to grips with production,due to high copper content ore.Ongoing. Costs remain high,in part due to continued high usage of expensive cyanide.Ongoing. The pit has low grade,problematic,complex,multi ore body ore.Permanent. The sp has also declined for a variety of other reasons,inability to pay down debt,lower pog and uncertainty over how low the pog ($800?) could go. Quoting of the historical decline in AAZ sp,as an indicator of its possible future potential,is naive.A red herring,to say the least. (They had a particularly bad winter last year,which affects HL production and costs,still 3 months of this winter to go.) H.

is not going to be good.H.

You said it g............"this company can't make a profit at $1200". And the price of copper is getting trashed. QE.

Price going down! And I expect it will continue until FY results are promulgated,and probably then some. H.

In accordance with rules,of the capitalist system,the govt of Azer will have no choice and not have the same sentimental attitude as shareholders.After the suspension of a couple of hundred jobs they will just find another company to issue a mining permit to if AAZ go out of business.That is,if another company is interested in taking on a gold mine with the pog heading south.Pog at $1170 presently,the bottom could be as low as $800!! AAZ are non-essential,non-profit making and cannot pay their debt.The ore is going nowhere,so the govt do not loose.The banks might get all or at least something for the AL plant in future years. Problems of a new kind at the AL plant,other problems continuing. Revised target for gold production for FY 2014 The reduction in targeted gold production "is a result of lower than forecast production since the beginning of November 2014." "Production has been adversely affected by lower than anticipated agitated leach plant throughput due to ore feed being harder than predicted" and " lower recoveries due to the high copper content of the ore continuing longer than expected." As a result of the decreased production target and the recent decline in gold price, the Board of Directors of Anglo Asian expects the Company's loss after tax for the year ending 31 December 2014 " " to be materially higher than market expectations." H.

There she goes folks,$1196 an oz.H.

is just around the corner.Never a good season for AAZ.H.

OLD must be viewed as heading to 1198 next with secondary 1141. The stuff needs exceed 1300 to cancel the prospect or alternately, get above 1260 to signal the rate of descent is slowing.

Should have been sell rec.H.

Take the hit and sell.It will probably be sub 7p by end of week anyway.H.