ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

AAZ Anglo Asian Mining Plc

59.00
2.00 (3.51%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Anglo Asian Mining Plc LSE:AAZ London Ordinary Share GB00B0C18177 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  2.00 3.51% 59.00 54.00 59.00 57.00 56.50 57.00 171,210 16:35:25
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec 84.72M 3.66M 0.0320 17.66 64.55M
Anglo Asian Mining Plc is listed in the Miscellaneous Metal Ores sector of the London Stock Exchange with ticker AAZ. The last closing price for Anglo Asian Mining was 57p. Over the last year, Anglo Asian Mining shares have traded in a share price range of 36.50p to 122.50p.

Anglo Asian Mining currently has 114,242,024 shares in issue. The market capitalisation of Anglo Asian Mining is £64.55 million. Anglo Asian Mining has a price to earnings ratio (PE ratio) of 17.66.

Anglo Asian Mining Share Discussion Threads

Showing 20701 to 20723 of 143300 messages
Chat Pages: Latest  836  835  834  833  832  831  830  829  828  827  826  825  Older
DateSubjectAuthorDiscuss
23/1/2016
12:11
The figures concerning the savings due to the manat depreciation wern't they?
jeanesy
22/1/2016
23:05
What was promised?
cyberbub
22/1/2016
20:41
A disappointing week. Still no news on manat depreciation savings. Hopefully next week as it was promised.
jeanesy
22/1/2016
18:27
cyberbub

What I want to know is why they want to spend money now, when (IMO) there is a need to pay off at least a chunk of their debt to reduce debt.

Only the management can answer that question.??


Could be they are worried , or considering a strategy that if the gold price goes down further, they can at least pay the interest on the debt from the profit on the copper concentrate of a expanded flotation plant.

Hopefully we will all be wiser at the next update in April.

ferries5
22/1/2016
14:43
The currency reserves owned by the Central Bank of Azerbaijan (CBA), decreased in December 2015 by $1.23 billion (19.68 percent) compared to November, according to the CBA statistics data published on its website Jan. 22.

Story still developing...

bleepy
22/1/2016
14:10
I will email Bill to put the 2/3 yearquestion to bed once and for all, if he replies.
zhockey
22/1/2016
13:50
On Target I agree with what you say, I watched the video last month and drew the same conclusions. What I want to know is why they want to spend money now, when (IMO) there is a need to pay off at least a chunk of their debt to reduce the perceived risk of the company, and also when metal prices are rock bottom? Do management believe that metal prices are due a strong rebound in the next 2 years and want to be positioned with increased capacity?
cyberbub
22/1/2016
13:44
As far as I know we never hear anything from Reza in public. Does anyone know why?
cyberbub
22/1/2016
13:02
ferries5 19 Jan'16 - 15:32 - 1152 of 1194

I finally got around to watching the Youtube video from 9th December you referenced.

You are correct he does mention spending $10-$15m in the next year to expand the capacity of the floatation plant. I wouldn't be suprised if this or a large part of it could be found from free cash flow, especially given the recent devaluations in the Manat since that video was made. I misunderstood your comment as meaning the plant at its current capacity needed more spending on it.

Also he definitely does not state they are getting out of gold production or that there is only enough gold for the next two years, anyone who gets that from this video needs to watch again and listen more carefully.

I thoroughly agree with other posters here that the FD while no doubt excellent at his main job and an asset to the company, is no front man. Throughout the interview he looks like he'd much rather be in the office in front of his spreadsheets with a cup of cocoa and doesn't appear to understand why he is there!

on target
21/1/2016
20:52
Catsick I would agree that more exploration is warranted. However there is also a need to pay down some of the debt in the next 12-24 months IMO, to help reassure investors that there is less risk there. Personally I would prefer to see the latter initially.

Interestingly, I didn't realise that there had been a Golden Cross on the chart a few days ago?

cyberbub
21/1/2016
20:34
Sberbank, that is
mattjos
21/1/2016
20:33
Sober bank projecting further falls in the Manat today .. Towards 200 from present 160.AZ govt today say they will not do anything further to protect the Manat.A further 25% fall in the Manat looks distinctly possible now
mattjos
21/1/2016
10:43
Yes with all the capex winding down now they should be able to spend a little more on exploration, they have spent around 1 million usd total over the last two years on exploration and achieved some very good high grade discoveries, over the same time about 30 million of capex has been carried out, defining the size of the whole of the resource should greatly extend the life of the mine and thus make the debt less significant
catsick
21/1/2016
10:21
300 square kilometres www.angloasianmining.com/operations/gedabek/
1madmarky
20/1/2016
23:05
District Sized ... that was how Reza described Gedabek North.

Does anybody know what is a District Sized gold deposit?

mattjos
20/1/2016
16:19
It's interesting that the 'highest volume' table on Advfn seems to indicate that despite the sharp drop, today is not a particularly high volume day across the markets. Hopefully many people are just sitting on their hands and not panicking...
cyberbub
20/1/2016
14:43
If gold were to stay above 1100 for a bit and start making a run for 1150 or even 1200 then I think that could be the catalyst for a breakout here... an extra $5-6M per year would really settle any nerves about cash flow IMO... let's see, if any of us had a crystal ball we would all be rich as Croesus! (Quite an apt name for gold investors LOL)Good luck all genuine holders here.
cyberbub
20/1/2016
14:07
Gold production this year should be an all time high for the company.
So too Silver & Copper
Are we able to project beyond that at this stage? There is more of Gedabek unexplored than explored & lets not forget the last exploration update had them suggesting Gedabek North was a 'town' sized asset .. or some such word like that.
CAPEX has consumed the cash this last 12 months ... they will get back onto further exploration at Gedabek later this year, let alone anything else they may be working on in the pipeline

mattjos
20/1/2016
14:00
Gold now starting to correlate correctly with the fear and concern in the marketplace.
Currencies around the world are in turmoil & its getting worse. Even GBP is all over the shop ... let alone the Emerging Market currencies.
More and more folk are going to be persuaded that parking their money into Gold (physical or ETF) is a better way of trying to protect their personal wealth and spending power than to keep hold of their local currency .. particularly if they are an oil exporting nation.
They might try and rush to the US$ but, in many countries now they are being constrained in their access to that currency.
The Rouble is getting slaughtered and that will inevitably bleed over into the Russian satellite nations. The Canadian Loonie is also in freefall.
Rampant inflation in foodstuffs is already evident in Canada & Russia
USA wont be able to stay with an elevated currency, relative to all others for too much longer .. the general trend across the world is a constant round of currency devaluations.
Folk have always thought of Gold as a hedge against risk ... there seems to be risk springing up everywhere at every turn & getting worse.

mattjos
20/1/2016
13:55
Yes but since that figure was calculated they had the troubles with extraction.
zhockey
20/1/2016
13:49
The gold reserve is over 600k oz, that's not resources it's reserves. So that is 8 years gold production left by my simple maths?
cyberbub
20/1/2016
13:25
Bill Morgan spoke of expected targets for next 2/3 yrs stating 72k-74kozs Au or better.

Expansion of flotation mills for copper,zinc etc, makes commercial sense given the quantities found in the mined ore.

No mention of decrease in gold long term. Btw, the huge increase in silver recovered is another bonus to add to the copper and zinc.

bleepy
20/1/2016
13:25
"They have clearly stated they are moving away from Gold"

They have stated they are diversifying by increasing the production of other metals other than gold (copper, silver, zinc), but I don't see how that's the same thing as moving away from gold.

on target
Chat Pages: Latest  836  835  834  833  832  831  830  829  828  827  826  825  Older

Your Recent History

Delayed Upgrade Clock