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AAZ Anglo Asian Mining Plc

57.00
0.00 (0.00%)
Last Updated: 07:47:10
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Anglo Asian Mining Plc 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
  0.00 0.00% 57.00 55.00 59.00 57.00 57.00 57.00 48,316 07:47:10
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec 84.72M 3.66M 0.0320 17.81 65.12M
Anglo Asian Mining Plc is listed in the Miscellaneous Metal Ores sector of the London Stock Exchange with ticker AAZ. The last closing price for Anglo Asian Mining was 57p. Over the last year, Anglo Asian Mining shares have traded in a share price range of 36.50p to 122.50p.

Anglo Asian Mining currently has 114,242,024 shares in issue. The market capitalisation of Anglo Asian Mining is £65.12 million. Anglo Asian Mining has a price to earnings ratio (PE ratio) of 17.81.

Anglo Asian Mining Share Discussion Threads

Showing 32751 to 32775 of 143250 messages
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DateSubjectAuthorDiscuss
24/5/2018
08:36
Does anyone see any significance in the statement:

'we continue to build the Company into a leading and sustainable gold, copper and silver producer in Azerbaijan and CAUCASIA'(my capitals) ?


Expansion outside of Azerbaijan planned possibly?

gadolinium
24/5/2018
08:28
Looks to me like the last quarter was hugely profitable and cash generating, and this year has started off at the same pace, 2018 is going to be a monster !
catsick
24/5/2018
08:25
Nice to have a retro on the main expenditures for 2017.
Was there an overspend or significant over-run? [to the contrary]:

" Expenditure on property, plant and equipment and mine development was $9.4m (2016: $10.7m). The main items of expenditure in 2017 were capitalisation of deferred stripping and development costs of the main open pit of $3.7m, the raise of the tailings dam wall and second tailings pipeline of $1.7m, Ugur and Gadir development of $1.4m and the water treatment plant of $1.2m.

Exploration and evaluation expenditure in 2017 of $1.0m (2016: $0.4m) was incurred and capitalised. This arose on exploration at the Gedabek and Ordubad mining properties. "

Note also depreciation:

"Non-current assets decreased from $116.4m at the end of 2016 to $104.4m at the end of 2017. The main reasons for the decrease were intangible assets lower by $0.7m and property, plant and equipment lower by $11.1m. These decreases were due to depreciation and amortisation in the year. "

All looks nice and conservative.
Given combination of rising production and [we hope/expect] ramp up of reserves/mine-life the imputed valuation of the property, plant and equipment can only rise.

2sporrans
24/5/2018
08:15
Appreciation

I would like to take this opportunity to thank our Anglo Asian employees, our partners, the Government of Azerbaijan, advisers and fellow directors for their continued support as we continue to build the Company into a leading and sustainable gold, copper and silver producer in Azerbaijan and Caucasia.

I would also like to especially thank our shareholders for their invaluable support as we look forward to a successful 2018.

bleepy
24/5/2018
08:12
Fantastic results, Reza has played a blinder! Needless to say, I won't be selling any of my 300,000 shares for a long, long time. WooHoo!
davidspringbank
24/5/2018
08:12
We undertook significant geological exploration in 2017 as described in the Strategic Report below and in March 2018 we announced a significant three-year geological exploration programme. This will build upon previous geological work and includes near mine, brownfield and greenfield exploration.

Gedabek has numerous known mineral occurrences and our existing mines have further development potential.

We have also previously made significant finds of commercially exploitable minerals.

We therefore believe this programme has the potential to significantly add value to your Company.

bleepy
24/5/2018
08:09
agreed Mr. Roper .. 50p is derisory valuation still
mattjos
24/5/2018
08:08
such a quick turnaround on the price, on the day of the results as opposed to a day or so later, is a significant change in tack by the markets for AAZ .. perhaps the penny has now finally dropped!

apart from the market response .. big WELL DONE to all 1,000+ of the team at Anglo Asian mining. Terrific effort during 2017 & we all look forward to similar performance during 2018 & beyond

mattjos
24/5/2018
08:08
The Gedabek site is now connected to the national electricity power grid, and together with good road access, this provides Gedabek with excellent infrastructure.

The financial benefits of our investments in infrastructure were evident in 2017 with fuel and electricity costs $2 million lower in total than 2016 due to the connection to the power grid.

bleepy
24/5/2018
08:08
well, blue...Who'd have thunk it! I suspect the next 3 months should see us move towards the 80p mark.
mr roper
24/5/2018
08:06
The Company continues to invest in infrastructure and plant to reduce costs and improve both the productivity and sustainability of its operations.
bleepy
24/5/2018
08:04
To increase the overall utilisation of the Company's processing facilities, a dedicated independent crusher line for the flotation plant is being commissioned in the current quarter of 2018.

This will enable the two main plants to operate independently of each other and will increase both the flexibility and capacity of our processing facilities.

bleepy
24/5/2018
07:59
And looks I am missing all the action...
Looking forward to the maiden dividend.
Very well delivered results. And keeping tax bill under control.
Some drilling news next on the agenda.
Have a good end of the week all.

terropol
24/5/2018
07:58
Outlook
It is with continued optimism that I look forward to 2018 and beyond.

During the course of 2017 and early 2018 we have opened a new mine and added to the Company's resources.

We have also carried out several initiatives to maintain and increase production from our existing mines

and have embarked on a three-year exploration programme to further explore and develop the potential of Gedabek.

This progress has enabled us to target significantly higher production for 2018 compared to the previous two years and we are on track to achieve this target.

It is also building on our strong platform for sustained growth in production and development.

bleepy
24/5/2018
07:55
Company is currently preparing a plan for the payment of dividends.

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.

bleepy
24/5/2018
07:42
Hahaha should be triple the present sp, aaz’s track record is truly admirable with the ship and captain the very best in the business.
All aboard people as the share price will not remain at this lowly level.

bleepy
24/5/2018
07:33
Sorry, typo .. "for NOT buying today"
mattjos
24/5/2018
07:32
"many will be kicking themselves for buying today" - Ouch, ouch.

The report mentioned the crusher being commissioned this quarter; again nice to have confirmation of what we've supposed.

2sporrans
24/5/2018
07:32
Not the usual sell on news, a couple of sells granted but no big drop, looks like it will finish blue.
jbe81
24/5/2018
07:28
Game of chess at the moment as hot money exits and long money wonders whether a better price will come.
mad foetus
24/5/2018
07:26
Anyway, that's the backward looking results out of the way.The new crusher will be operational any day now & if we are lucky the company will do as they did with Ugur and give us a clue as to daily production rates before the end of Q2 to help us project forward the positive impact.The divi announcement is terrific ... there will be plenty of folk who will pay much, much higher price for the stock when the quantum is announced than they can pay for it today.I expect this to be on the rise again before close tomorrow & many will be kicking themselves for buying today. Added some more myself on the drop .. predictable as it was.
mattjos
24/5/2018
07:20
Mattjos, you are an extremely knowledgeable fellow. I will follow your wisdom closely. You called it absolutely correctly this morning. Well done.
shammytime
24/5/2018
07:18
Excellent set of final results, well done Reza and AAZ team for the truly transformational progress on so many levels thus far.
News of a maiden divi Q3/18, ongoing production, development and exploration initiatives across Aaz acreage is destined to surpass the outstanding performance of 2017 alongside becoming debt free.
Some person/persons/institutional interest has been stake building the past months/years, are we now likely to be given news of a declaration of interest.
Mr market and Mr S.P.Angel need wake up and acknowledge Aaz’s today’s true value and huge potential going forward.

bleepy
24/5/2018
07:15
2nd buy at 46p.
Lol.

2sporrans
24/5/2018
07:13
MMs keen to mask sells as buys this am, somebody must want them.
jbe81
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