25/05/2015 06:17:51 Cookie Policy Free Membership Login

Anglo Asian Share Chat - AAZ

Share Name Share Symbol Market Type Share ISIN Share Description
Anglo Asian Mining LSE:AAZ London Ordinary Share GB00B0C18177 ORD 1P
  Price Change Price Change % Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.25 -4.26% 5.63 5.25 6.00 5.88 5.13 5.88 730,779 10:07:06
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 42.8 0.8 0.2 29.0 6.28

Anglo Asian Bulletin Board

DateSubjectDiscuss
22/5/2015
16:21
Yes, good he stepped up.
by philo124 on Anglo Asian Mining - Seriously Undervalued
22/5/2015
16:14
cordwainer ... this is an unsecured loan, fgsake. I'm not grumbling at all about the interest on the loan. The affect on the company, its investors and sentiment would have been far more penal had they raised $4m by way of a Rights Issue ... that would have resulted in likely 50% dilution to all holders & a good chunk of the cash going to the spivvy 'advisers'
by mattjos on Anglo Asian Mining - Seriously Undervalued
22/5/2015
15:18
Talk of gold price going to $1000 or below seems to have melted away lately, sentiment being for it more like flat to the end of the year.
by cordwainer on Anglo Asian Mining - Seriously Undervalued
22/5/2015
15:07
Since he's the CEO, why can't he be even more 'fair and reasonable' with the interest rate given today's dollar yields on debt in general?
by cordwainer on Anglo Asian Mining - Seriously Undervalued
22/5/2015
13:11
Good points mattjos,He hasn't got everything to lose by just letting aaz go under. He hasn't got that much skin in the game. Just the $4m invested today is worth more than his current stake.The point is, by effectively doubling up, he recognises he has an awful lot to gain, which is exactly the way shareholders should be looking at it, IMO.And we don't even have to stump up the cash.
by wigwammer on Anglo Asian Mining - Seriously Undervalued
22/5/2015
12:53
Terropol .. it may as easily be that they are trying to accelerate the flotation plant completion. We don't know at this stage. Like yourself, I would not be lending that sort of money to a company I owned 30% in, were I not fairly confident as to its prospects. Next week's results should help draw a line under this as we will be only weeks away from the flotation plant start-up and some higher grade ore to run through it. The other thing that I think should be considered is the importance of this company to the govt. of Az. It is their policy to build their gold reserves and AAZ is the only company that is achieving this in any meaningful way. This sort of commitment to the company & all that it brings to the nation will not go unnoticed by the President of Az (with whom we know Reza has a close relationship) ... Quid Pro Quo at some stage I would hope and might help in the on-going negotiations re the PSA. $4m unsecured personal loan to a company with a market cap of $10m! I really struggle to understand the mindset of the market on this news today Does anybody here know of a similar size mining company on the AIM market where the CEO has twice now stepped up in such a meaningful way, rather than simply dilute all investors with round after round of equity issuance?
by mattjos on Anglo Asian Mining - Seriously Undervalued
22/5/2015
10:09
OK Guys, I think is very possible that the new plant been built could be costing more, to the fact that they are going for a bigger capacity. ( just guessing do it wile they are at it) We also do not know when the loan was made... If my company was going down...for sure i would not be lending it 4m$..... I would not be surprised if we don't close the day up!
by terropol on Anglo Asian Mining - Seriously Undervalued
22/5/2015
09:22
I know it's supportive of the ceo but if it's been doing well in the last quarter why the loan, it doesn't stack up. The intention is for working capital with $2m drawn down straight away, why is it so close to the edge if all is going well.
by celeritas on Anglo Asian Mining - Seriously Undervalued
22/5/2015
08:51
Think if I were the seller & unless I was in financial dire straits, I'd be on the phone to Cantor today to say back away from the selling now
by mattjos on Anglo Asian Mining - Seriously Undervalued
22/5/2015
08:49
Sorry, same here as in, I'm buying.
by wigwammer on Anglo Asian Mining - Seriously Undervalued
22/5/2015
08:48
Same here. Small loan backed by a confident CEO. They have taken extra capex, there may be very short term timing issues re cash flow, we know the flotation tech is being trialled in h2, not now.
by wigwammer on Anglo Asian Mining - Seriously Undervalued
22/5/2015
08:47
Not adding, but staying put for sure. Unless there's an unknown here there still should be a healthy profit in 2015.
by foxx999 on Anglo Asian Mining - Seriously Undervalued
22/5/2015
08:46
Few things more distracting to mgmnt than to be having to watch the cash flow every day and try to make every cent last ... Reza knows that. This is a big vote of confidence in the company, it's strategy and most importantly the team in the company.This will ease the pressure a little and should fire them all up
by mattjos on Anglo Asian Mining - Seriously Undervalued
22/5/2015
08:40
I'm willing to row along with the CEO so am adding
by mattjos on Anglo Asian Mining - Seriously Undervalued
22/5/2015
08:34
Just don't understand they need it, is it just bad timing... With the loan due amongst other things.Jan - Apr production should have made cash flow doable surely.
by foxx999 on Anglo Asian Mining - Seriously Undervalued
22/5/2015
08:28
Matt that is the biggest problem with aaz, the reaction to bad news on low volume. Added to the fact that there is a seller, if he needs to unload a million shares and there is no buyer could be below 4p.
by jbe81 on Anglo Asian Mining - Seriously Undervalued
22/5/2015
08:28
We owed $52m at the end of the year so we are in no worse position than back then. The main difference is that production has increased and looks to further increase throughout the year.
by brasso3 on Anglo Asian Mining - Seriously Undervalued
22/5/2015
08:25
I reckon there's plenty to go through matt, large sells are being delayed.
by celeritas on Anglo Asian Mining - Seriously Undervalued
22/5/2015
08:21
Ridiculous reaction to the news. The CEO puts $4m of his own money into the business and £1,500 quid of sales knocks 13% off the value of the company.
by mattjos on Anglo Asian Mining - Seriously Undervalued
22/5/2015
08:20
The problem is the need of a loan in the first place.
by celeritas on Anglo Asian Mining - Seriously Undervalued
22/5/2015
08:17
Oh absolutely mattjos. Of course it shows confidence and of course it is better than equity. It is not good news though. Clearly it would be better if the margins on what was produced in the last 3 months had enabled us to pay the next loan instalment. They obviously weren't large enough. I've waded in plenty here largely due to Reza's confidence. I await game changing news because this latest news is a continuation of the news of the last year or two.
by jbravo2 on Anglo Asian Mining - Seriously Undervalued
22/5/2015
08:14
But people will ask Mattjos, why do they need it when they've got plenty of revenue coming in.... Are we just talking minor timing issues here?
by foxx999 on Anglo Asian Mining - Seriously Undervalued
22/5/2015
08:02
Jeez guys .. This is the second time the CEO had lent his own money to the company to help it when it had needed it.99.9% of other junior miners would simply dilute the equity .. This guy steps up with $4 unsecured!!Just how much commitment and confidence do you want to see from a CEO who already owns 30% of the business?As I recall, the last time he did this he paid himself off last .. Paid the more expensive bank debt off first.He can't buy more stock in the company without being forced to make an offer & he clearly does not want to dilute the equity .. Frankly, we should all en masse wade in and take this seller out now and back Reza as he is clearly backing himself and the company
by mattjos on Anglo Asian Mining - Seriously Undervalued
22/5/2015
07:58
Much prefer loan from director than issue of equity. Shows some serious commitment to the company to put his own money in 'unsecured'. Must have great faith in the future I would suggest.
by aaples on Anglo Asian Mining - Seriously Undervalued
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