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
  -0.50p -1.92% 25.50p 25.00p 26.00p 25.50p 25.50p 25.50p 11,050 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 64.1 5.5 2.9 9.2 29.01

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Date Time Title Posts
21/8/201712:30One of the largest developing gold properties in Eur or Asia8,482
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 26p.
Anglo Asian Mining has a 4 week average price of 17p and a 12 week average price of 16.50p.
The 1 year high share price is 34.88p while the 1 year low share price is currently 13.50p.
There are currently 113,761,024 shares in issue and the average daily traded volume is 288,136 shares. The market capitalisation of Anglo Asian Mining is £29,009,061.12.
mattjos: interesting post 2porrans. You can of course also look at Gold in GBP and that tells a different story to gold in EUR. It is still denominated in US$ though & Trump has stated he wants the US$ lower. If they intend a manufacturing renaissance in the USA, he needs the dollar lower to persuade USA corporates to manufacture in the USA and not in Mexico, Vietnam, China etc. A lower dollar will also help encourage USA corporates with big cash positions overseas to bring it back to the USA & put it to work. Currency strengths and weaknesses are always relative and do revert at some point but, what I've learnt is that once a trend sets in on a currency, it does tend to last for much, much longer than you might imagine. eg. GBPEUR down trend started middle to back end 2015 & looks like it is heading to parity or even much lower. GBPUSD could even be heading for parity also at this rate but, it takes so much longer than you think on currencies. What is more relevant to AAZ holders, I believe, is that GBP is not really a currency to be holding right now .. the BREXIT negotiations and implementation are likely to keep it under pressure for the next 2-3 years. Our shares may be priced in GBP but, the functional currency of AAZ & what it produces are in US$. GBP has been weakening against the USD since the summer of 2014. Our US$ revenues & earnings are translating back into an ever growing number of £'s here & that, for UK investors in the stock, is yet another reason adding to the list of reasons why the £ share price should rise. Quite apart from the stupidly cheap valuation afforded the equity in the company right now & therefore good reason to hold and wait for that situation to reverse, by virtue of remaining invested, it is helping offset the steady decline of your £
2sporrans: AAZ price has been relatively stable since the Strategy Update of 8 May. Guess everyone is awaiting resource updates. Not bothered that gold rose from ~$1220/oz to $1290+ max. over the duration and AAZ price ~flat. For one thing, the $30/oz drop since the peak 5 days ago was actually accompanied by a small rise in the sp; i.e. AAZ insensitive to short term POG movements. For another, it simply means the gold produced has been for a higher profit than otherwise. As that production [and for copper/silver] is in great main from stockpiles, should be reasonably in line with AAZ target. Production and POG are very much back seat now and resource update [Incld. Ugur and exploration news] the driver here. Apologies for pointing out the obvious.
zhockey: Matt, How can you believe that drawing a few lines on a chart will proffer the share price to 127p? If the share price is to get to that level AAZ will need a big discovery and the charts can offer you no solace in that regard.
jbravo2: For what it's worth I do think a lot of your posts come from a genuine lack of comprehension, but far too many now are from the point of view that of course you're desperate for a much lower share price and the posts that try to do it are repetitive without any real discussion. Frankly I don't think the thread needs that. Let me counter the "you don't want to hear negative views" baloney before it starts. I've been here through 4p and heard, and indeed posted, plenty of negative myself so it's not really that is it? It's just well, how can i put this... your negative is just quite whiney and boring. Lets look at your latest. Drilling news? Why are you expecting drilling news? We're due to be getting a resource and reserve in Q3. Why would they release some drill hole news before that? To what end? (Barring a bonanaza drill hole which I think we can all agree isn't going to happen) Production news. Why so excited over one months data in the new configuration? So you can point out how low the dore is like last month? As was pointed out then, thats dore produced after flotation. We have no comparison if its good or not. Now the total for the month may be disappointing or may not but of course we won't know til q2 results for the totals with flotation. Lets look at another of your favourites. Gold price. "ooooo its down look out AAZ" "oooo its down from its recent peak look out AAZ" "oooo its going up but it might not stay up, look out AAZ" So what? So long as the average for the year is above 1200 it'll be more than lovely. Thanks for your concern and comment but I do have access to the price myself through this internet thing. So has that covered it all? How about you do us all a favour and show yourself to be the bigger man? Come on. You've cashed in your handsome profit from your shares. Remember you were in at 4p as you told us. :D No doubt you're posting from your yacht in the med. Go make another fortune somewhere else. I'll even thank your post so you can leave on a high :D
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 :-)
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? :-)
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!
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