Anglo Asian Mining Share Discussion Threads

[2sporrans] 24/5/2018 08:15

2nd buy at 46p.
Lol.

[jbe81] 24/5/2018 08:13

MMs keen to mask sells as buys this am, somebody must want them.

[mattjos] 24/5/2018 08:13

I don't think they can have spelt out the way the PSA works any more clearly than they have in this statement.Folk must be stupid if they don't see how the company is using it to its best advantage and will continue to do so into the future.It is not in the company's or shareholders best interests to trumpet huge resource finds so, the company is saying to the market .. we will reward those shareholders (with a dividend) that understand what's going on here. Stick with us and you'll get the reward

[2sporrans] 24/5/2018 08:12

You are spot on Matt.

Funnily most of the trading/selling on nex.

Grabbed a few more for 47p.
Bargain.

poised for another ....watching.

Don't these sellers know what a dividend is?
One that will have good cover.
And a prospective PE of near 1 than 2?

[scottishfield] 24/5/2018 08:10

Few more for me

[mr roper] 24/5/2018 08:09

Nice backtest

[bumpa33] 24/5/2018 08:01

right on cue....

[return_of_the_apeman] 24/5/2018 07:58

So much info to go through, will take me a while

So this cash cow us going to return cash to shareholders - income and growth - powerful combo :-)

Dividend

In order to reward shareholders following the significant reduction in debt and anticipated surplus cash generation, the Company is currently preparing a plan for the payment of dividends. There are some legal and financial issues requiring consideration before payment of a maiden dividend and the board is currently working on these. The board will announce a dividend policy as soon as practical and, in any event, an announcement is expected to be made no later than the end of quarter three 2018.

[bumpa33] 24/5/2018 07:54

paying a divi opens this up to a whole new level of investor

[bumpa33] 24/5/2018 07:53

who cares what it does today. I'm hoping a few who don't really know what they're looking at sell up first thing if the "headline" doesn't grab them.

[sh0wmethemoney] 24/5/2018 07:51

What's people's thoughts on the share price today?

[my retirement fund] 24/5/2018 07:49

Reserves at Gedabek pit as well as Soyudlu to be established?

[brasso3] 24/5/2018 07:40

Criminally undervalued at 48p. They just need to bump the reserves up now and all boxes are ticked.

[bumpa33] 24/5/2018 07:39

and finally, after all these years, they've got the financial flexibility to fund and unlock the resources at hand with this big 2018 drilling campaign.

[my retirement fund] 24/5/2018 07:32

Should be debt free within 12 months too.

[bumpa33] 24/5/2018 07:30

divi - brilliant news, PSA at 12.75% to run until at least 2023

[mad foetus] 24/5/2018 07:25

The amount of depreciation skews everything and presumably ends up being massively incorrect if, as is expected, the reserves are much higher than is currently estimated?

[brasso3] 24/5/2018 07:23

Great news. I think this will be part of my SIPP for many years.

[2sporrans] 24/5/2018 07:16

Dividend news the best.
Nice to see AISC confirmed at $604/oz and $29.8-mn cash from operations.
Figures to beat in 2018, esp. the latter.
Just by how much.

[mr roper] 24/5/2018 07:05

Directors planning a dividend! Announcement before end of q3. Superb

[sh0wmethemoney] 23/5/2018 22:39

Well they won't be having any of mine on the sell on news this low for sure!

[mattjos] 23/5/2018 21:43

Nah .. it'll drop. It's done so on every results RNS for last 3 years .. regular as clockwork. The traders always cash in. Always been a great chance to buy. Couple of days later, the penny drops and it rises above the results day price.Punters will only look at the profit figure .. they won't do detailed reading and see the cashflow or how the company is fundamentally growing stronger & stronger with every passing quarter.We took on the debt when interest rates were at historical lows. Now, with rising rates, we've pretty much cleared the debt (remainder is fixed rate and easily manageable).We got the plant when mining was in a slump & therefore good price and lead time. We ran on diesel when it was cheap & switched to electric just before oil rose in price.Management have played a blinder over last 4 years .. credit to them. They are a hugely creditable BOD

[joey wilson] 23/5/2018 21:19

This share seems to make a habit of doing the opposite of what is expected....

[mattjos] 23/5/2018 18:52

Get ready fir the sell on news reaction as per usual .. will be some cheaper ones tomorrow morning first thing :-)

[mad foetus] 23/5/2018 16:33

Well, damp squib today. Results tomorrow?