Anglo Asian Mining Share Discussion Threads

[hedgehog33] 16/9/2016 15:44

Please correct me if I'm wrong, though according to LSE figures, back in 2014 their NAV was .44p ($0.58)... let alone what it is today after all the investment.

Therefore a TP of .21p seems cheap to me that being the case.

[zhockey] 16/9/2016 15:26

They dropped the target price?

[cyberbub] 16/9/2016 14:50

21p??? Crazy surely? Unless they mean very short term.

[scottishfield] 16/9/2016 14:26

V modest tp, but welcomr. Tks ferries5

[ferries5] 16/9/2016 14:17

Anglo Asian Mining* (LON:AAZ) BUY - Target price – 21p (from 24p) – Earnings update post interim results

From proactive, unable to post link.

[scottishfield] 16/9/2016 12:33

Good to see you here too pixi

[pixi] 16/9/2016 11:03

They have probably erred on the side of caution and have given a conservative asset value which is more than double the current share price. I guess when they get more data they will adjust their figures accordingly.

[catsick] 16/9/2016 10:15

I dont know where the nav of 34p comes from, its much higher than that, they have 112m shares out and have spent almost 200m usd on total capex so far, they put a very big depreciation number through as they depreciate over the mine life, once the debt is paid down at current run rate they will save 5m usd a year interest , 2m extra electricity so should be generating 35m usd a year in cashflow which is not bad for a 22m usd market cap !!

[pixi] 16/9/2016 09:52

It's good business practice to pay off debt to reduce costs. The Board of Directors are a quality crew and they know what they are doing. I also like the new geologist they have employed who will keep them right about the potential for further resource gains on their existing property. This is a cost effective way to go compared to the expensive route of buying outside resources by taking over other companies. All in all, what's not to like?

I'm very happy with my investment here. I also own HOC, PAF and HUM by order of value and AAZ in my latest addition tagged on to the end. This is my selection for Round Two of the precious metals bull market which I expect to take off when the central banks resolve the problem of interest rates next week. We should see gold over $1400 very shortly.

[zhockey] 15/9/2016 22:43

Pixi, thanks thought by the sound of the comments they had made a special mention paying down all the debt by xxx. The net debt figs were announced with the interims. Nothing new in the presentation.

[cast_no_shadow] 15/9/2016 22:31

Anyone here have any thoughts on GAL?
This isn't a ramp.

I've been in Aaz from the 40p days and I've bought some more recently. Not going anywhere, this company has never been in a better position.

[pixi] 15/9/2016 20:31

zhockey

Financial Results - H1 2016, page 23 of Celeritas link: Net debt 40,728 48,727 49,047.



ferries

The link works fine. Thanks for posting: Net Asset Value 35.44p per share.


In this current climate I'm being very selective with my purchases: HOC, PAF, HUM and AAZ by order of value. All bought recently.

[jbe81] 15/9/2016 16:36

Still big trades on a daily basis here

[celeritas] 15/9/2016 16:11

Surely this wont stay so very very cheap for long, just need some kick start news to get it noticed.

[zhockey] 15/9/2016 15:20

Not seeing the mention of paying down debt?

[pixi] 15/9/2016 13:58

Good presentation. I like the bit about paying off debt and on concentrating on what they've got to expand resources. New equipment purchases will also help to boost production and make things more efficient and easier on the workforce. The work areas look very clean and well looked after. These guys are on the ball - a first class operation. Onward and upwards!

[zhockey] 15/9/2016 11:18

Under those circumstances I think it would be much higher than £1!

Thanks for notingbthe presentation.

[catsick] 15/9/2016 09:52

There is a new presentation on the website if it has not been noted already, I think that the focus is now shifting from working on production issues and buying new kit to process efficiently to a new focus on exploration and geology, within 2 years the debt should be pretty much gone they will own a plant that can process many types of ore with and 2000 kms of area to source gold and copper, The only thing that will hold them back is the potential mine life and that seems to be the aim now with a 20 yr mine life and the debt gone the shares will be worth a pound ...

[zhockey] 15/9/2016 09:47

Good to hear, I'm of much the same view. Will be very interesting to see what levels of copper production we could see with a second SAG mill and with and expansion of the floatation plant, could we see 5000 tonnes/year?

Another point of note is that copper prices are pretty low right now and yet the offset gold cash costs are still only $546. If copper gets to $4/lb and production reaches 5000 tonnes then gold cash costs would be close to zero!

[jbravo2] 14/9/2016 22:32

Blimey it's not just mattjos that has been enjoying the wine then...
@zhockey.... Posts 4281 and 4290... A couple of days ago.
I remain a buyer not a seller. I haven't sold a single share. Not one.

Granted ive not posted much the last couple of months. There's not been a lot to say and rather endlessly countering the running commentary of "the sky is falling in, I thought there'd be more buyers than there are" from some, I realise it's better for me if they shout as loud as they like and us buyers get more for our money.
Why would I have got bored waiting for Chovdar? I'm here for existing assets. As I have posted many times. News has been most encouraging as I think most now realise. Of course some perhaps realised, or believed, that already.
Any addition to existing sites will be a fabulous bonus. I've talked about it lots before and granted I thought we'd have heard something by now. We haven't. Until we hear definitively though I remain optimistic. But it really will be a bonus and I'm not relying on it. Current assets will deserve many multiples of this share price as the picture gets clearer and of course, larger.

So I guess I'll be here for a good while yet. The prospects for the company have never been better, never. If some want to work themselves into a lather over one or two months production that's their lookout. Best of luck to them.

[zhockey] 14/9/2016 21:43

Haven't seen JBravo here for a while, maybe he's lost patience with Chovdar and sold up.

[celeritas] 14/9/2016 19:46

This still hasn't been spotted yet by most, in fact I think it's mainly those here who are the majority of pi's invested. Talk about underpriced which makes me think it'a been held because to let it run would bring investors flooding in.

[jeanesy] 14/9/2016 19:05

Seems like we are not on the radar of most investors. Good news if you have some spare funds. We await further newsflow. perhaps if the drilling comes up trumps then we might start to see some true value here.