Brasso3
22 Dec 2015
Highly Profitable I estimate operating profit from just gold for 2015 will be $26m71,000 oz x ($1100 - $736*) = $26m*$736/ oz was the H1 costsIn the recent interview by the CFO it was stated that full year costs would be below $700 an ounce. With the currency devaluation yesterday then cost will come down by a further $100 - $200 per ounce. This now makes AAZ one of the most profitable gold miners on AIM.These bargain prices will not be around long...
Brasso3
22 Dec 2015
Manat Devaluation [link] currency devaluation will significantly reduce AAZs operational costs as stated in the RNS. Back in March when the Azerbaijan government did a similar thing and reduced the currency by 34% against the dollar AAZ release the following statement:-"Recent devaluation of the Azerbaijan manat against the US dollar expected to result in Company cost savings of approximately US$6.5 million for the rest of FY 2015"With todays devaluation above 45% does that translate to an $8m cost saving?
Club401
21 Dec 2015
Azerbaijan abandons currency peg, floats manat Good news for AAZ it would seem. USD is now 50% higher vs Manat so a hefty devaluation. This should translate into more cost savings for AAZ.
valueinvestormike
21 Dec 2015
Gold production November gold production fugures on ABC. [link] the first 11 months of 2015 production totaled 2,042.8 kg of gold (including 152.1 kg in November)"This equates to 72,000ounces already this year!!But unfortunately ABC figures do not seem to correlate with AAZ figures. The latest figures we had from AAZ was that they had produced 54,000 ounces to end of September. For comparison at this point ABC had AAZ 2015 production of 1.682,2 kg of gold (including 171.4 kg in September). Which is 59,000 ounces.
wigwammer
25 Nov 2015
Re: Vaziri update The reason you are here is because you have been humiliated. That is obvious. You can make up whatever fantasy you want. It just makes me yawn. I don't feel humiliated, I'm not going to follow you across boards, I don't care. Hope that helps.
dotlink
18 Feb 2015
gold is under 1200, need to go lower before banks, russia and china buy more
