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% 44.50p 43.00p 46.00p 44.50p 44.50p 44.50p 21,939 07:40:48
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 53.2 4.2 1.7 26.1 50.81

Anglo Asian Share Discussion Threads

Showing 34301 to 34322 of 34325 messages
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DateSubjectAuthorDiscuss
20/7/2018
09:52
the bid is much stronger than the order book suggests, at over 44p
mattjos
20/7/2018
09:05
53p bid on Monday can now be bought for 45p Gold up $11 from last night lows. Any entry around current levels will surely deliver a 4%-5% yield
broken_arrow1
19/7/2018
22:18
Can I have my dividends now,,,,in order to buy more stock wile the special offer lasts... LOL I can not really see Gold going much lower. America can not afford a much stronger dollar. I strongly believe GOLD will shine. Remember to vote well before the meeting on the 30th to enable Dividends to be paid.
terropol
19/7/2018
21:10
another wonderful consequence of govt and central bank intervention (interference) since ‘09 - turning those who work/move/trade around the world into the necessity of being a bloody currency trader/speculator on top of everything else...
bumpa33
19/7/2018
19:55
Third down day, gap now closed. Added a few today & will keep doing so tomorrow. What's point of having a 'system' if you don't follow it. This is just too cheap to ignore.Personally, I am absolutely in the 'something bad our way cometh' for the Autumn & strongly believe that Gold will be strongly bid & that dividend paying stocks will become highly sought after.Sterling is likely to remain under significant pressure for the foreseeable .. wtf hold the £ right now when Brexit is completely unresolved and a U.K. leadership fight in September looks increasingly inescapable? Am accumulating as many $ & € at work as I can, just in cases. August likely to be a rotation month into defensives & September / October could get very, very ugly as holidays end & reality bites .. a divi here looks increasingly attractive at 4% yield for fresh stock on top of 18%+ yield for currentstock.
mattjos
19/7/2018
18:37
Hmm, was wondering why gold suddenly caught a bid this afternoon - probably down to Trump laying into the FED. Did question how long it would take him to speak up over too strong a dollar If you’re going to go head to head with China the last thing you want is a soar away dollar against a collapsing yuan.
bumpa33
19/7/2018
16:30
In for more
mattjos
19/7/2018
16:23
Other gold stocks bouncing into the close, the commodity looks heavily oversold. AAZ will bounce strongly on any gold price recovery. Worth noting short positions usually are closed on COMEX on Friday's.
the_debt_collector
19/7/2018
15:35
You've edited your post from 20p to 10p again, so my comment no longer makes sense. Nice.
king suarez
19/7/2018
15:21
A 100% upgrade on the previous price target of 10p from our resident 'broker' dianecarberry ;)
king suarez
19/7/2018
14:50
Fair value here is somewhere around 10p
dianecarberry
19/7/2018
13:20
Mattjos You can stop selling now. You have closed the gap!!!!!!!!!!!! only joking !!!!!!!!!!!!
s0lis
19/7/2018
13:16
I'm satisfied with the way the company uses gold equivalent ounces (GEO) to present their cost of production, they have nothing to gain by being disingenuous about their production costs. If they were inaccurate it would only take until the next quarterly update to have egg on their faces. Yes they do update quarterly unlike so many charlatan outfits on AiM. There's a divi to come and updates on exploration along with extensions to projected mine life.
lefrene
19/7/2018
12:39
Beats me why gold price is languishing! Presume only because of threat of rising US interest rates and hence US$.http://www.businessinsider.com/russia-sells-us-treasuries-debt-2018-7
goodgrief
19/7/2018
12:20
Interesting post, Redtrend. I think you are correct, the AISC is quoted as per ounce of "gold", rather than per ounce of "GEO" (i.e including copper/silver by-product). AAZ appears to be producing c60% gold per ounce of "GEO", based on the 2017 results (43k oz gold from 71k oz "GEO"). The AISC per gold ounce is c$600 but per "GEO" is likely nearer the c$900 you've estimated. Still at $30m free cashflow per annum ($400 per "GEO" oz margin on c80k GEO ounces production) makes AAZ still vastly undervalued imo.
king suarez
19/7/2018
12:16
“If it wanted to AAZ could stock pile quite a lot of its production and wait for improved prices, now it is debt free it can't be forced into distressed sales...” This years mined ore from Gosha H1/18 declared is zero, ongoing exploration probably or being held in reserve, maybe both.
bleepy
19/7/2018
11:34
It's not really an exact equivalence to compare HUM to AAZ. There's a good reason HUM is double the market cap. On other metrics, HUM's Net Debt position changed by a whopping $16million in 1 quarter alone, which is more than double that of AAZ Net Debt reduction of $7.5m. HUM has a clearly defined JORC compliant mine plan and a clearly defined and de-risked expansion to the mine plan to increase LoM 10yrs+. Additionally, HUM has an additional mine in Liberia (Dugbe) which appears to have no value to it whatsoever, even though HUM will finish an optimised DFS this year. Long-term, as we are mostly all long-term investors, HUM have 80% of their mine and work on usual royalties + tax basis. Sometime in early 2020s, AAZ's PSA will kick in and the Government is the majority holder. Additionally HUM's AISC metric is more realistic and aligns with their free cashflow and changing net debt position. It is clear AAZ's is nowhere near the sub $600 claimed. If AAZ's net debt position changes by $7.5m in one quarter (which is an amazing result) and they sell 19,000 Oz of "GEO", the margin is clearly $400 per GEO. So at a realised gold price of $1,300 (as everything is converted in theory to "GEO"), AAZ's "all-in cost" is $900 per Oz.
redtrend
19/7/2018
11:20
One of my reasons for holding AAZ is the concern that the bond printing frenzy might spill over into the real economy and it's Venezuela all round. Over millennia Gold is the nearest thing to portable land, it retains a value separate to that of fiat currencies. Meantime AAZ are also producing meaningful amounts of copper which has many industrial uses, and given the global population growth the current slippage in copper prices won't last too long, perhaps a few months.
lefrene
19/7/2018
11:08
Just to illustrate my point - while gold has fallen roughly 10% over the last few months, so the value of GBP to US$ has fallen similarly, roughly 10%. Mattjos - as we are now cash positive, this pretty much does indeed hedge us :)
bumpa33
19/7/2018
11:06
Quite right Bumpa .. AAZ functional currency is US$ so dividend will be determined in that currency & translated to £ ... we are partially hedged, so to speak
mattjos
19/7/2018
10:57
I wonder if the gold price is dropping further because some people claim to have found $100bn of gold in an old Russian wreck?? LOL
cyberbub
19/7/2018
10:48
you have to look at the two moves together - that of gold in correlation with the dollar, not one in isolation. We’re heading, imo as I’ve thought for some time, into choppy waters the latter half of this year. The FED QT programme is a bloody disaster in waiting, so expect volatility to be the norm coming up.
bumpa33
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