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 +1.72% 29.50p 29.00p 30.00p 30.00p 29.50p 30.00p 65,185 08:17:46
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 53.0 -6.0 -4.5 - 33.24

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Date Time Title Posts
26/10/201608:37One of the largest developing gold properties in Eur or Asia5,142
25/10/201613:06Anglo Asian Mining - Seriously Undervalued8,164
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 29p.
Anglo Asian Mining has a 4 week average price of 19.39p and a 12 week average price of 17.46p.
The 1 year high share price is 32.88p while the 1 year low share price is currently 3.88p.
There are currently 112,661,024 shares in issue and the average daily traded volume is 909,067 shares. The market capitalisation of Anglo Asian Mining is £33,235,002.08.
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: Thanks Jbravo I saw that retrace to 15p as very likely down to a poor production figure for July; at least that was the obvious association and one generally accepted here [+ a seductive profit take opportunity for some that bought in mostly between 4 to 7p.] Selling on basis of just 1 month's low production is daft though. So I topped up on that; getting ~15.0p was lucky. You might also say something similar wrt reacting to short term POG movements. Then again, there's a lot of traders/momentum-investors that pile onto AIM stocks such as these; in this case usually as a geared play on the POG. Not that AAZ strikes me as the most suitable choice for this particular gambit. Such fickle enthusiasm leads to rapid selling when momentum stalls and/or the newsflow goes a bit sour. So, while I accept I may well miss out to extent I've reduced my holding, it remains the case that if there is a substantial 'correction' to the POG [let alone something worse] that the AAZ price may well dive some way below that 15p mark. Guess, at root, although I really like what I see with AAZ as a company, I'm not as convinced of the Bull case for Gold when its price advances far above the level that attracts heavy duty physical buying - mostly out of Asia.
jbravo2: This next week should shake out a few of the doubters who wish they'd sold at this price before then it'll be moving up strongly. This price really will seem far distant soon. Selling 70,000oz at a margin of $725 to clear $50m this year alone will see to that. So we clear just about £40m and have market cap of £20m. As that debt evaporates it is just going to get put on the share price. Then next year we use the new electricity supply, the new water plant and the new SAG mill to produce even more at an even lower cost! Debt gone by end of 2017. Share price circa £1. On existing case only. Add in anything extra and...
mattjos: I'm working on a base line of seeing the debt reduce by $1m / month now. On current exchange rates of £1:$1.3, Call it £750k per month.At that rate of debt repayment, the share price should be increasing by minimum of a ha'penny every month, rising as the overall interest payable also comes down.Might not seem that exciting but, it's a 37% growth rate in the share price per year!Next year, with the economies of the electrical supply & the water processing, that rate of debt repayment should further accelerate.Anything else in terms of new assets, discovery of new resources, increase in price of gold is as yet unknown but, could have a significantly greater impact on mkt cap.Hold & buy on any weakness, would seem a sensible stance to me.
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.
jbravo2: Hmmm. Anything is possible and I have no special knowledge but here are a few options. There are many more. 1. We are asked to contract Chovdar for a fixed fee/oz produced. 2. We are asked to contract for Chovdar on a %age royalty basis. 3. We are asked to take on another (or more) of those 6 ex-AIMROC properties, which would be a complete new mine. I'm not aware if the others even have resource proved up, and if they do to what level of certainty or size but I do believe some are much larger/more prospective than Chovdar. What I think is we will not now "own" Chovdar. (Incidentally we don't "own" Gedabek... I guess I mean we would only now be almost a subcontractor to the main contractor AzerGold, which is simply the position we hold at Gedabek, we are just the main contractor with the mining rights we absolutely do not "own" Gedabek). Chovdar has too many debts associated with it and I'd imagine Reza is very reluctant to pay out all that money to own something he hasn't been able to develop as he'd have liked. Especially if it would involve raising money at anything like 20p. (I'm aware matt suggests raising money at 80p, but I think Azerbaijan will want a deal done on this before we reach 80p) I think it would be crazy for AzerGold (and lets not beat around the bush, that means the president), not to want to involve a company that has made a success of a 49/51 PSA, with 75% cost recovery and 32% tax when he's seen a 70/30, 100%, 22% company go to the wall. Of course not all rulers do follow rational thought and many are ruthless - are there any other things to think about?) I am intrigued by the buying that has been evident the last few weeks. It has definitely been atypical. There are many more late trades. Many more which don't get declared as buy/sell, many more in auction etc etc. Why is that so interesting? Well just because if I try to guess a course the president might take one option I keep returning to is this; Get AzerGold to ask us to contract for it, in a little while of course, as the legal stuff with AzerGold/AIMROC will take a couple of months to tie up. Knowing this AAZ would be a stonking buy, but clearly one can't just go to the market and try to buy 10m shares within a week. the share would rocket and too many questions would be asked. It could be done, I'm sure over just a few months though. Teasing sellers out as the price climbed. I think then eventually the share price would reach a price where a couple of new options become available a) a price is achieved where John and Reza would sell - and believe me we'd all be happy with that price too (i.e. we get bought by AzerGold) b) we reach the point, (a high share price), which ties in with matts suggestion, where we could issue new shares to an investor (pick one, I know who I'd guess at) and use the money to acquire these properties So in short, yes I think expansion into the ex-AIMROC properties in some way is more than possible but I don't think we'll be raising money to do that to start with. Just keep in mind one other thing, the president asked to meet John and Reza in Washington on his recent visit. We saw the pictures in the press. I doubt he wanted to ask them about the upcoming Euro championships and whether Iceland were worth an outside bet. Just musings of course, but far from a ridiculous pipe dream, and ultimately all of that is just a bonus. We can look forward to AAZ being debt free in two years from Gedabek alone. That then places us strongly for whatever may come. Edit: yes jidmad, I think the flotation expansion will happen at Gedabek no matter what and will be done through cash we are now making/debt. I have talked beyond that.
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!
ilostthelot: Gold took quite a beating last year.Was that just a flush out of the gold bulls before the next big move over $2000 per oz, in a 20 year gold bull market? You can't rule that scenario out. What would that do for AAZ share price? You need to speculate to ecumulate and all that.I held from 17p to 85 p making a packet the last time selling a lot at 60p before buying back in to early in at 28 p and in lower prices. I firmly believe this company will be over £1 in time .
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