Share Name Share Symbol Market Type Share ISIN Share Description
Anglo Asian Mining 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
  -1.25p -6.76% 17.25p 17.00p 17.50p 18.50p 17.25p 18.50p 413,104 16:02:26
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 53.0 -6.0 -4.5 - 19.43

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Date Time Title Posts
26/5/201714:18One of the largest developing gold properties in Eur or Asia7,600
27/4/201712:59Anglo Asian Mining - Seriously Undervalued8,212
20/9/201017:01Anglo Asian with Charts & News2

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Anglo Asian Daily Update: Anglo Asian Mining is listed in the Mining sector of the London Stock Exchange with ticker AAZ. The last closing price for Anglo Asian was 18.50p.
Anglo Asian Mining has a 4 week average price of 15.50p and a 12 week average price of 15.13p.
The 1 year high share price is 34.88p while the 1 year low share price is currently 9.38p.
There are currently 112,661,024 shares in issue and the average daily traded volume is 122,179 shares. The market capitalisation of Anglo Asian Mining is £19,434,026.64.
andrewsr: The share price peaked at about 34p when the gold price was about $1275. AAZ has followed the gold price down, but not back up again. Sentiment rather then rational thinking seems to be in control of a lot of gold miners at the moment. It should be interesting later this week to see how the gold market responds to an out of control US debt problem re-setting the debt ceiling and Trump's demands for massive tax cuts.
jbravo2: Spot on cannon. Exactly a year ago there was much more risk. We were at 4p with much more debt and a small risk of not making it. In reality we are far removed from that now and 4 times the share price accordingly. By this time next year there will only be 2 loan payments left. Where do people think the share price will be then? Now of course if we only produce 3koz a month all year it will be reasonable to say "lower than 18p", but I don't think that's going to happen. I await April and hope I get the same opportunity for a bargain as I did last year for my ISA
mattjos: jeansey ... you still come across as such a nervy holder who can only see the downside unless, the AAZ share price is racing away every day. The Manat has strengthened as a consequence of recent $ weakness and perhaps oil strength. That is more than offset by the strength in pog. We can do nothing about the weather .. sometimes it is our friend and sometimes our enemy. Equally, the grades fluctuate & we cannot realistically influence that either ... simply determine the optimum processing route for the ore according to what is dug up. In two weeks time we should have paid off another $2.5m from the o/s debt (7% of the principal) and that is more relevant. Anyway, well done the Micks against Italy. Now for England v Wales :-)
crazycoops: A bit bizarre the share price movement today. PoG up and looking to continue its strength and people selling out of AAZ on no news (when most aspects of the TU are known anyway, except 2017 guidance, although not sure if that will be part of the TU). I understood that maybe some people were sitting on the sidelines to take advantage if the share price fell post TU but selling on no TU seems a somewhat counter-intuitive to me.
mattjos: According to jeanesy:- Trump has no chance of winning- gold can't hold $1,270- AAZ will miss annual production target- AAZ share price will go downStill sure jeanesy? :-)
wimbled: Current share price action is replicating Mar 2010 to December 2010 Back then, breaking 18p resistance level lead to quick move to 85p with minor resistance at 32-34p and strong support at +40p. Back then the share price was driven by the price of gold Now the share price is focus o Optimised extraction processes o Reduction in debt o Reduced operational costs o Potential of major extension of existing mining area o Gold increased by 20% in 2016 Long-term holder. :-)
2sporrans: Zhockey. Do you put most of the ~25% drop in share price, from recent peak, down to disappointments over Chovdar? Seems implicit from your argument. Go along with the gist of what you say, yet there are other very important determinants for the share price, a few of which could be attributed at least halving or doubling of the sp, going forward. For me, the paydown of net debt is to the fore; $40-mn is still uncomfortably high for a company this size and rates at ~12% are expensive. Fine if the debt is say only halved, as long as the balance is covered by a big cash hoard [or at least cashflow if big cash burn on CAPEX] and the loans get renegotiated to be far cheaper. The next 6-12 months promise to be transformational for net debt and I think a reciprocal doubling in the share price from now is a not unreasonable expectation. Plenty of huge miners out there have miscued badly on their finances and ended up saddled with mammoth debts as ore prices have suffered a bear market causing their share price to be pared down a few fold; this regardless that they may have reserves commensurate with decades of future production. Risk reduction will attract a lot more investors monies into AAZ; of that much I am certain.
2sporrans: Came across to me that there is a tendency for inverse relationship wrt gold and copper grades; hence when gold production dips, copper often rises. Further that when get the 2nd SAG mill running can have 2 feeds: A gold rich + low copper one [reduced cyanide to process] and a copper rich + low gold one where put through processing in different order, maybe emphasis on flotation? Over all this will lead to yet further cost reduction. Could it even be that the recent dip in gold production was in part down to holding back some of the ore until the 2nd SAG mill was operational [August] to maximise the 2 feed stream operation and its benefits? Whatever, it's hard to swallow that the AAZ share price should now be so sensitive to minor fluctuations in the POG. Operating margin at even $1150/oz is ~$600/oz; think that's excluding the copper/silver by-products revenue.
mattjos: zhockey, why exactly? There is absolutely no issues for the next 5+ years production from Gedabek. I guess you either agree & believe that gold & silver are heading so much, much higher or you don't. For me there is absolutely no doubts. The higher PM's go, the higher AAZ share price will go. The higher PM's go, the more keen the Az government will be to get Chovdar (at least) into production as fast as possible and contributing to the state. It is sheer lunacy to have a 'good to go' gold mine at Chovdar sat there with over $200m invested on it .. doing nothing! Don't forget, as gold increases in value, it is also reflecting the state of the global economy. As that deteriorates, Az economy likely to deteriorate at a faster rate than others simply because they have not diversified it away from oil fast enough.
captain_crash_and_burn: Yep AAZ share price action is counterintuitive to what is actually happening, that being said I am too wary of doubling up on AIM shares!
Anglo Asian share price data is direct from the London Stock Exchange
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