Anglo Asian Mining Share Discussion Threads

[broken_arrow1] 31/5/2018 15:39

Gold moving up again and AAZ very well placed to benefit, not many gold juniors are dividend payers AAZ will shortly be one of an elite few.

The free float is small hence modest volume will move the share price quickly.

[davidspringbank] 31/5/2018 15:14

Target for gold on this run up is $1400oz?

[mattjos] 31/5/2018 14:50

Nice little backtest today

[lefrene] 31/5/2018 10:28

Good to see gold back over $1300, that can't do aaz any harm.

[edjge2] 31/5/2018 08:13

Warnings accepted cl1nt1 but applies here too.
Gold breakout may happen after next FOMC. Copper should be before that.
AAZ doing its surge to next consolidation level as it did 3 times before.
Likely undervalued from info posted here so anothe surge due soon. CAML looks undervalued too to me. KAZ may get to 950 for a top up too IMO.
Cu may apn out like this

[cl1nt1] 30/5/2018 13:14

A work of warning to all. Do not put all your eggs in one basket, maintain a decent spread in Gold miners as CEY & Hum holders will testify in the last few days. Gold Mining is fraught with dangers, be they political or the actual extracting of the shiny stuff.

having said that AAZ are my biggest holding of all my miners.

[cflather2000] 30/5/2018 11:58

Appreciate the reply jbravo. I'll definitely be looking at this again the next time I have money to invest. And you are very right that although this has risen a lot recently, that doesn't mean more is yet to come

[return_of_the_apeman] 30/5/2018 08:45

Would hope the divi is based on fcf as this would highlight what a cash cow this has become.

Cey do 30% divi on cash flow net of asic and royalties and if my memory serves me correctly I think rrs divi was all their cash flow.

I àm not suggesting that all the cash will be paid out here in a divi, however unless they make aquisitions they will have to do sonething with the excess and so a special divi could also be very probable.

We shall see

[jbravo2] 30/5/2018 08:02

Sheesh, as Matt's graph shows. It could be pretty much 80p NOW. As the BOTTOM of its price range.

AAZ = no brainer

You don't get simpler decisions.

[doc_oj] 30/5/2018 02:14

@jbravo: spot on!

[jbravo2] 29/5/2018 23:22

Mr flather,
I urge you to join the party.
It really isn't too late.
There are soooooo few companies on AIM like this.

They never dilute.
They make money.
The board own a significant share of the business that wasn't just aquired by giveaway options etc. They have real skin in the the game.
The best results are yet to come.
We've finished paying debt off (ok debt neutral due in a month or so)
We're drilling 40,000m this year alone. 40,000m.
We've invested 200m in plant.
We have 100m of unrecovered costs still to claim.
We have 15m of losses to offset on profits still.
We will make acquisitions sooner or later as we're now in the driving seat to negotiate... we have what everyone wants... cash to develop new projects.
Dividend news due before end of Q3.

I know you'll be looking a the graph thinking "oh it's too late"... it really isn't. This isn't about to sting people with a cheap rights issue.
You tell me why it won't be significantly higher come year end. Significantly. I'll listen to reason.
Earthquake and war are the main two I can come up with. I think the former is vastly more likely than the second.
I think they're both unlikely enough to not worry about.
We had people worrying about buying at 23p, they'd buy if it was 21p etc.
We had it just the other day at 49p. We had it all the way from pretty much 7p when resourceful dumped his million shares.

What a very, very, expensive mistake.

Try to just reduce it to a list of pros and cons.
Make your decision on that list. Take emotion out of it.
Only one outcome.

80p by year end

[mattjos] 29/5/2018 22:43

trawling around a few other threads, not the chimp threads, I see AAZ coming onto more and more radars now and several new investors (who have not posted here).
The 'drip, drip, drip' effect of good news flow & financial figures + improving IR are being noticed

[mattjos] 29/5/2018 22:30

I'm doing a jeansey .. "Evening all. Late back from work today. Nice to come home to rise in the price" :-)

This is a bit crude but, for those still dithering about making a maiden purchase:


free stock charts from uk.advfn.com

[sh0wmethemoney] 29/5/2018 22:12

Still plenty to go to make your money back and some!!!

[cflather2000] 29/5/2018 22:05

I hate this share. I hate this share because I was considering this or one other a couple of weeks ago at 42p, and I went for the other (down 4% over the same period)

[jbravo2] 29/5/2018 20:21

Pleased to hear all your purchases are in the money lefrene.
Everyones will be for quite a while to come.

How is anyone gonna lose out here, when we're still only valued at just over 50m?

With dividends to be announced before end of Sept.
With revenue a long way north of 80m this year.
With 40,000m of drilling this year.
With us clearing over 8m in the weakest quarter.
With new cheaper unsecured debt.
With the second crusher coming online.
With, with, with...

80p before year end NAILED ON

[catsick] 29/5/2018 15:49

This is the HGM div statement Highland Gold Mining's board has adopted a dividend policy which anticipates a total payout of 20% of net cash flow from operating activities.The company said it aimed to pay a dividend that took into account cash generation, profitability, balance sheet strength, and capital investment requirements.

[lefrene] 29/5/2018 15:47

The company has benefitted from the excellence of it's managers, they have created something they can be proud of, one hopes that as the cash builds up they are not tempted too much by the lure of empire building. One hopes the struggles now overcome will have left a healthy respect for the utility of ready money that will perpetuate long term.

[crazycoops] 29/5/2018 15:29

I'm with catsick, I'd like to see a dividend policy. A percentage of either FCF or OCF would be fine by me. Predictability has a value! As to the size of dividend, just look at the rate of debt repayment. Once debt is cleared, why shouldn't shareholders reap the rewards? AAZ are currently valued at a price to free cashflow of less than 4 and that's based on 2017 numbers and without an updated broker note for forward numbers. The best way for the directors to get AAZ valued correctly is to implement a dividend policy that regularly and consistently returns surplus cash. Watch the funds take an interest when that happens. AAZ would be impossible to ignore.

[broken_arrow1] 29/5/2018 15:24

With a maiden dividend declaration expected, an updated JORC resource expected, higher gold production including a low AISC of circa $600oz and expansion of mine life through increasing exploration I fully expect this to re-rate significantly from herein.

It is not inconceivable for this company to exceed a £100m market value at some point, my view short term is that 75p-80p is a realistic target.

113m shares in issue but only 56% in free float!

[jaspoland] 29/5/2018 14:56

Dividends are most welcome but talking anything north of 2p is dreaming imho and potentially dangerous. Much better to deploy a progressive dividend policy which is sustainable and not likely to disappear after a year or two. So my thoughts are 1p final dividend and .50p interim in the first year of declaration. Won't cost the earth and can be built upon, leaving plenty of free cash. Yes in time AAZ will likely be taken over but for most large holders that's the easiest way out of this share.

[bleepy] 29/5/2018 14:19

These two catalysts stand out among the many spoken of by Bill Morgan in Daniel Flynn’s article....


‘We are looking at some very promising targets and have now almost tunnelled to below the open pit and underground mine, where we think there is a pretty big resource.

We are doing a lot of work to try and get JORC resource done alongside exploring.’

[lefrene] 29/5/2018 14:10

By 'operating cashflow' do you mean gross profit after all in production costs? With an all in cost of $604 an ounce and say 82k ounces it suggests a gross of £40 million or a bit more. 20% of which is of course £8 million spread over 114 million shares, 7p a share? Perhaps a tad optimistic.

[catsick] 29/5/2018 14:05

My guess tho isthat they start with 2p which is less than the old interest bill was ....