Anglo Asian Mining Share Discussion Threads

[jbe81] 24/9/2015 17:25

should rerate to well over 10p in no time

[webshares] 24/9/2015 17:21

And there we have it I was looking for an after hours confirmation. tomorrow and the following days and weeks should prove very interesting. Any amount of buying will move this now, just as long as people sit on their hands this should re-rate accordingly. Gl all

[jbe81] 24/9/2015 17:19

Looks like the end of Bashirov

[jbe81] 24/9/2015 16:51

would hope it is 50p long before then, price of gold will be the major factor though. Expect more good news from aaz

[jbravo2] 24/9/2015 16:38

So I've had no takers on naming ANY mining stock with revenues of over $80m/yr and a lower mkt cap than us. Not surprised. Didn't expect any. There aren't any.
As we know that is probably partly down to bash wanting out and as cyber has pointed out probably partly due to the debt meaning the EV is high but the mkt cap low.

So logically and again as cyber has pointed out we should expect mkt cap to rise as debt falls.

I guess we should soon be making $1.5m/month (very conservatively) and so we could soon see 1p a month added to the share price on average just from the removal of debt. Clearly it'll move in fits and starts not a smooth line and it needs bash to clear of course.
Is all this realistic though? How does it compare to a few other companies? I've spent 30 mins having a very quick look around. Here are some rough figures extrapolated from mid year results and some results last year. NAI. Please DYOR and don't take my word for it.

Serabi - £23m mkt cap - revenue c.$35-40m. Profit £5m?
Vast Resources - £24m mkt cap - starting production
Amara - £40m mkt cap - no production
Goldbridges Glob Res - £50m mkt cap - £25m revenue
Aureus - £69m mkt cap - starting production. At least $80m debt
Pan African - £132m mkt cap - $141m revenue. Cash costs of $949 Debt of c$17m Dividend 0.54p

You decide where we should compare in that list.
IMO I'd say the closest comparison is Aureus. They're aiming for 120k oz/yr.

The point is the peer comparison shows just how far this share should move.
Conservatively I'd say it'll be more than 100% higher inside 1 year and should be over 50p in 3 years.
Time will tell...

[jbe81] 24/9/2015 16:37

Great to see gold on the up

[terropol] 24/9/2015 15:48

Money is being devalued round the world.
Interest rates crashing all over, Norway dropped today....

GOLD and only GOLD is the balance of wealth in my books.

Only question of when for the next jump. and $100 x oz would make a huge difference on AAZs profits.

[mattjos] 24/9/2015 14:42

Gold cranking now and thru the highs for this month today

[jaspoland] 24/9/2015 14:22

Perfect storm coming imho. Gold looking strong

[brasso3] 24/9/2015 14:12

400k (£20k) at 5p gone through as an OK trade. Must be a sell and surely from our friend Bashirov.

[webshares] 24/9/2015 14:11

Cyber, fancy buying another 500ks worth, that could clear him completely haha. Or was the 400k late reported the last of his shares?

[mikeelkin] 24/9/2015 13:26

Mattjos & Bumpa 3

Thanks for your posts. I am not familiar with the Behre Dohlbear report - I will read it.

Mike

[brasso3] 24/9/2015 13:15

JBravo

I think I get the hint. Nudge, nudge, wink, wink.

[jbe81] 24/9/2015 13:02

agreed Jbravo, expect it to be mentioned in q3 results

[jbravo2] 24/9/2015 12:48

Really don't think we'll get a separate RNS for the flotation plant. It's not how the company communicate. Or at least how they have communicated in the past. They've announced they were commissioning. Full operation will naturally follow.
They aren't running the company like an exploration outfit where every little snippet needs to be posted to try to maintain interest. They know the results for 2015 will do all the talking.

I've already said I had a very vivid dream that first concentrate was achieved two days ago, the same day as the results. I'm unwilling to state it any plainer than that.

[brasso3] 24/9/2015 12:37

The calm before the storm? I would say we are now primed for lift off.

The next news will be the confirmation that the floatation plant is online i nthe next 2 weeks. Then the Q3 numbers in the second week of October

[wrighty46] 24/9/2015 12:34

Joined in here this morning. Had to buy in 3 lots as stock was very thin. Will be adding more if we get any more of a dip. Can see pretty reasonable upside here over the next 12-18 months. GLA

[terropol] 24/9/2015 11:14

UP UP AND AWAY........

[webshares] 24/9/2015 10:52

I thought after his mornings action it would push on from here. No buyers presently

[mattjos] 24/9/2015 09:39

we'll see soon as I believe Cantor are virtually finished up now

[bumpa33] 24/9/2015 09:35

Cantors have now switched to the bid, hardly anything on the offer - if Bashirov has been cleared (and that remains a big IF) this could put on quite a move as the valuation is still priced on that very difficult 2014 rather than looking ahead to the clear turnaround of 2015 onwards.

[mattjos] 24/9/2015 09:30

Mike, I imagine you have already but, are you familiar with the Behre Dolbear report at the time of IPO? Link to it in the header of this thread

[webshares] 24/9/2015 09:29

Here we go

[daz] 24/9/2015 09:29

It does look like the supply is getting tighter, I contributed a couple of very moderate buys this morning and the offer has now been moved up.

[captain_crash_and_burn] 24/9/2015 09:28

Good discussion recently chaps thanks