Anglo Asian Mining Share Discussion Threads

[brasso3] 17/7/2018 07:42

Ok I was being conservative!

$25m at Q3? :)

[henwii] 17/7/2018 07:41

Brasso they already have $12.5m in the bank

[henwii] 17/7/2018 07:30

If you look at the last part of the RNS we are already 700k net cash as of 5 Jul 18.

[brasso3] 17/7/2018 07:26

If they pass 20,000oz (gold equivalent) in Q3, they could easily have $20m in the bank at the rate they are spinning off cash.

How is this sat at 45p still!!!

[ntv] 17/7/2018 07:25

happy with my small purchases
even though cash generation will fall in the next Q plus
the company should be able to pay a very generous dividend

[loafofbread] 17/7/2018 07:25

I don't understand why a major doesn't buy this for £1.00 or £100M and have it paid for within 2/3 years?

[jaspoland] 17/7/2018 07:19

Well done AAZ. Great set of results which are only going to get better from now on. Each q now will have over 20,000 Geo's. Let the fun begin

[catsick] 17/7/2018 07:12

Should be net cash within 3 weeks now ....

[brasso3] 17/7/2018 07:09

Great performance again from AAZ.

Net debt down to $2.9m from $52m a few years back.

The only outstanding loan is for $12m at 7% interest ($840k per year).

[bazboa] 17/7/2018 07:08

Nice set of results ? net debt $2.9m

[brasso3] 17/7/2018 06:40

Is today the day...

[2sporrans] 17/7/2018 06:32

To think that only this time last year, the debt was still a serious issue.
These Q2s should see AAZ pretty much net cash neutral; Q3s we ought to know what the divi will be and net cash +ve to pay it.

[mattjos] 16/7/2018 17:46

largest buy of the day at highest price of the day, just before the bell .. 35k at 45.845p

Is the tu'penny dividend intent finally getting noticed?

[lefrene] 16/7/2018 13:48

That seller will be along shortly! :¬)

[jbe81] 16/7/2018 13:42

Nice rise, mid 50s this week.

[brasso3] 16/7/2018 13:29

How predictable. 45p now. :)

[celeritas] 16/7/2018 12:28

Most people invested in aam for a long time will be aware of the huge potential here in converting old Russian data to Jorc standards. Yeah its taking a long time but only now have aam had the resources and manpower to actually get on with it. A fraction of what was found and converted will do very nicely.

[lefrene] 16/7/2018 12:25

I wouldn't mind seeing those results.

[the_debt_collector] 16/7/2018 09:35

SP Angel

Follow

21st June 2018 08:12

Anglo Asian Mining* (AAZ LN) 44p, Mkt cap £50m - On course for a maiden dividend

BUY, Target price 72p

• Anglo Asian Mining has recently announced the intention to set a dividend plan which reflects current strong FCF generation at Gedabek operations and also signals management confidence in the production performance outlook. We have updated our earnings and CF estimates covering why we think the Company has ample capacity to accommodate a dividend programme while offering further valuation upside when compared to peers;

• Flexible processing facilities in place including tank leaching, flotation, SART and heap leaching, with the benefit of catering for various types of ores sourced from open pit and underground operations over the production license;

• Good infrastructure on site including access to regional power grid, roads connecting the mines of Gedabek, Gadir and Ugur, improved water availability, expanded waste dam capacity and productive local labour all improve sustainability of low cost operations;

• Experienced management with established relations with local communities;

• Exploration potential remains with Gedabek orebody having yet not been delineated, adjacent Gadir extending down dip with the latest drill core returning wide high grade intersections as well as a number of regional prospective targets warranting follow-up exploration work. The Company is spending $16m over 2018-2020 on a comprehensive exploration programme to leverage off established processing infrastructure;

• 9-17% production growth forecast in FY18 based on management guidance for 78-84koz GE (2017: 71koz GE) followed by a further increase in FY19 (SPAe: 96koz GE) led by stronger production from the flotation circuit;

• AISC for 2018 (inc. PSA) $681/oz is in the bottom quartile among gold producers allowing to earn $36m in EBITDA in FY18 and, with capital investments in processing and supporting infrastructure now behind, to generate $23m in levered FCF, equivalent to 33% FCF yield on the current share price of 45.5p.

• Strong balance sheet with Net Debt rapidly coming down and standing at $10.4m as of Q1/18 (ND/EBITDA18 0.3x) versus $18.1m as of YE17.

• The Company is forecast to be Net Cash positive by year end, generate nearly its current market cap in the next three years ($62m) and its enterprise value in four ($80m) driven by low operating costs, strong output and robust commodity prices;

• We value AAZ on an EV/EBITDA basis using multiples for comparable junior/medium sized producers arriving at target EV and NAV of $125m and $115m, respectively; this implies a BUY recommendation with a 72p target price

[the_debt_collector] 16/7/2018 09:16

I notice that John Meyer of share price Angel ilk has become very positive regarding this company, usually one would not take notice of such commentators but Meyer is a class above the rest.

On that basis one must take note of the recent share price Angel target price of 72p and compare to the current 43p

If you are seeking income with capital appreciation where better to look.

[mattjos] 14/7/2018 20:11

Some of the points I raised are likely the main reasons we do not YET have institutional investors on the shareholders register.AIM mining community is riddled with scam artists, liars and crooks & the 'professional advisers' latch on to them for the fees associated with fundings. Couple that with our Geographical location .. 'Nah, it's in one of the Stans' .. & that is why most insti's will pass it over without even bothering to do the due diligence. Any that get that far will then exit when they try to understand the PSA .. they simply have not kept a close enough read on how it works and how, now, the company has learnt how it can be best utilised to our advantage ... why do folk think the exploration is centred on Gedabek?However, I am confident the advent of a dividend will change these ignorant misconceptions

[terropol] 14/7/2018 17:48

Thomas11, 2-3 milion Dollars in dividends is nothing to oil rich Azerbaijan...
And we are an independent company.
Waiting for that check with a smile on my face.

[cflather2000] 14/7/2018 17:38

240,000g? Or 240,000oz? They are expecting 60,000oz, right? That is 1,680,000g

[jbravo2] 14/7/2018 16:36

Well, there’s open for you.
So I’ll go on record to say Matt has it spot on. Those last two posts of his should be voted up by anyone with a brain.
I’m sat here with all my shares. In the sun. Here’s to AAZ, all those working for AAZ and the next few years.
Life changing :)