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
  +0.00p +0.00% 28.00p 26.50p 29.50p 28.00p 28.00p 28.00p 0 06:30:08
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 64.1 5.5 2.9 10.5 31.85

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Date Time Title Posts
12/12/201703:22One of the largest developing gold properties in Eur or Asia10,230
29/11/201705:33Anglo Asian Mining - Seriously Undervalued8,219
20/9/201016:01Anglo Asian with Charts & News2

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Anglo Asian (AAZ) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2017-12-12 12:11:0126.801,000268.00O
2017-12-12 10:29:2528.861,697489.75O
2017-12-12 10:11:3528.8035,89210,336.90O
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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 28p.
Anglo Asian Mining has a 4 week average price of 28p and a 12 week average price of 26.50p.
The 1 year high share price is 37.50p while the 1 year low share price is currently 15.13p.
There are currently 113,761,024 shares in issue and the average daily traded volume is 122,683 shares. The market capitalisation of Anglo Asian Mining is £31,853,086.72.
ferries5: Anglo Asian Mining Plc logoAnglo Asian Mining Plc (LON:AAZ) had its target price boosted by share price Angel from GBX 21 ($0.26) to GBX 25 ($0.31) in a research report sent to investors on Thursday morning. The firm currently has a buy rating on the stock. Anglo Asian Mining Plc (LON:AAZ) opened at 18.60 on Thursday. The company’s market capitalization is GBX 20.95 million. Anglo Asian Mining Plc has a 52-week low of GBX 3.77 and a 52-week high of GBX 21.88. The stock’s 50 day moving average price is GBX 16.45 and its 200-day moving average price is GBX 13.62. htTp://
2sporrans: Thanks for the insights about Bashirov Matt. Your case for him being a forced seller is very strong and his sell out of his very large holding C2012-13, protracted until back end of 2015 must have pushed the share price to lows it would not otherwise have fathomed. The 4p floor, bumped along throughout 2015 and a bit beyond, was a derisory price; one commensurate with a probable bankruptcy prospect. Having said, there was a staggering loss in confidence about the prospects for the POG over 2011-16 and the general appetite for small gold miners atrophied accordingly. What we witnessed was the bursting of a bubble; an implosion of investor belief that many small precious metals explorers/miners might even survive a further fall in the POG - say to under $1,000/oz average over the next year or 3. Especially so to the extent particular miners were carrying a heavy debt burden, which AAZ had been since 2013. Yes, I know this is bog basics but methinks it does explain the great majority of why the AAZ price fell so far down from a high that, in retrospect, reflected some of the quite awesome hubris wrt the then anticipated trajectory of the POG and other PM for which smaller miners were a highly geared play. The AAZ debt burden was due to a massive investment in greatly expanded plant, just when the bull market in gold etc was dying away, rather than merely correcting as many had supposed. Didn't the original AL plant [2013] cost ~$50-mn [or was it £50-mn?]? Net debt in mid 2013 was ~$46-mn and grew to over $50-mn through 2014-15 as additional plant enhancements were necessitated, outweighing the debt paydown. This exacerbated the sell off for sure. I sold out 90+% of what I held when AAZ announced they were going ahead with the 2013 plant expansion. In blissful contrast, what we enjoy now is the situation where AAZ have paid down about 50% of their peak debt [if exclude Reza's $4mn loan] and are set to comfortably pay down as much of the remainder as they see fit. Though GE production had waned a little, it is now set to increase again and the resource picture has been rapidly improving. AISC is $564/oz H1 and falling. Plus the POG [+POC] have recovered quite robustly, building a fat margin. The plant expansion [+infrastructure] now looks like a smart long term growth and productivity investment by AAZ; debt default fears have pretty much abated. Back in early 2016 it still looked, to most, rather like a lead lifebelt. Likewise taking on Steven Westhead is clearly paying off, both in resource exploration/development and extraction productivity. 60p for the AAZ sp? Within say a year? Why not indeed. But it's quite a different AAZ to that of 2011-12. For a given POG, it's surely worth more than back then when it was reliant upon easily extractable gold oxide ores and heap leaching for its high margin production. Now it can do same for copper rich sulphide ores, which are prevalent as the workings head deeper and an abundance of which is currently emerging. The low AISC for AAZ distinguishes it from so many of its peers. The business model remains attractive for POG at $1200/oz and even lower. How many small producers can honestly claim that? The copper offers additional revenue stream subject to entirely different price determinants. This diversity increases security of cashflow and the % of production that will be copper is set to grow further with long term prospects for the metal buoyant.
2sporrans: Following on from above..... Forward thinking by AAZ and investors alike will be firstmost focused on the emerging prospects for the Main Pit + Gadir over the coming weeks. As the latest Presentation states, big and bold: "Mining from the main open pit and Gadir was temporarily reduced. Exploration, ore zone definition and production optimisation to be carried out till end 2017. DRILLING ONGOING IN PIT AND GADIR – TUNNEL BETWEEN PIT AND GADIR ALMOST COMPLETE AND MINERALISATION INTERSECTED" Effectively we are now upon the cusp of a new beginning for what has been AAZ's mainstay production asset over the years. So, if the newsflow from this isn't price moving, what will be? As for selling and buying shares, though I can understand folk having traded these and taking some profit, it's a decidedly odd juncture for investors to be selling out. Why were you invested in the first place? Accepted, there may be a lot less gold/copper in the main pit [I think Gadir is effectively being subsumed within it from here] than hoped for and 100k+oz/pa GE production not achieved. Not AAZ's expectation by what they say but fair to entertain the scenario. Yet, look at the risk-reward situation in the context of a share price that values AAZ at $30-35mn. Not exactly a bonanza priced in there. Could make a case that Ugur + the stockpiles alone are worth more than that. Even allowing for the debt, which is being comfortably managed and paid down, the risk-reward prospect here looks very good for a small precious metal producer. I think one of the less discussed boons of Ugur production here is the flexibility it + the large stockpiles bring to AAZ in terms of any expansion plans they do commit to. They don't need to gamble on committing to a rushed/rapid CAPEX expenditure upon plant capacity expansion; they can wait until they have full confidence in the main pit resource justifying such expenditure while Ugur + stockpiles + whatever they want to extract out of Gosha and the main pit/Gadir pay for everything ongoing, including exploration and most or all of the remaining debt repayment. So, not a hugely risky situation imho.
jbravo2: :) Private? No, I don't think so. As you say, if he was going to do that he'd have done it at 4p. Certainly his objective was to create a mid tier mining company. It's no secret, it's in all the documents you care to look at. For that he needed a listed company. So is it still his aim? Maybe, maybe not. It all hinges on AzerGold for me. Can mid-tier still be achieved? Clearly first mover advantage in Azerbaijan is only valuable if AAZ are going to get an "in" on more properties than they currently have rights to. Whilst Gedabek is big, they need more than that to be mid tier. The AIMROC companies couldn't be bid for by AAZ as there was too much murky stuff about ownership and unsold product. I'm sure I don't need to spell it out. So AzerGold was created to buy AIMROC. Now what is AzerGold's next move? Do they operate their own stuff? Do they operate some of the sites? Do they look for help with some ore they currently can't treat? Do they simply pass everything on to firms like AAZ? This still isn't clear. They are not producing from Chovdar yet. They've at least managed to sell the products they got from AIMROC. They're getting the site ready for production certainly. What sort of production? Just heap leach like before? Do they have any sulphide ore? Do they have copper? In short, if they're going to go it alone and produce from all their own sites then they may want to buy AAZ for the plant. For the scale. For the knowledge. Do some digging around on LinkedIn, they have quite a few employees. I've talked about this with matt a bit and as he rightly pointed out to me... this may just be a mindset thing i.e. ex Russia, bureaucracy etc but it's a lot to support off 40koz/yr. But its a state company perhaps its resigned to losing money for a few years? For me, if they don't want us I'm not sure anyone else would. So what if we are left to go it alone? Then, for me, the case is for maximising Gedabek (which has undoubtedly started anyway) and we start to look for opportunities in other countries too. Even on this alone we are underpriced, this is the joy of this share. Even with the worst scenario I can come up with, the share price will be heading higher. But with the better scenarios then things are really going to fly here. We'll know soon enough I guess. Either way, the share price is certainly only heading up a lot over the next year as debt evaporates.
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.
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: 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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