Anglo Asian Mining Share Discussion Threads

[celeritas] 17/7/2018 13:19

Yeah, you are on about Bashirov, he needed money in a hurry I gather.

[lefrene] 17/7/2018 13:19

Celeritas these boards have an interesting and anonymous population of siren tongues :¬)

[lefrene] 17/7/2018 13:17

Terropol, I don't have the detail right now, it was a couple of years ago, but a large holder (whom I thought to be a director?) needed money to rescue himself from some predicament or other and began selling down his stake, and the share price followed down. I'm sure Matjos will have the details to mind.

[celeritas] 17/7/2018 13:14

lef, I did try and get you interested, took you a while to listen.
Terropol, he's probably on about Bashirov.

[mattjos] 17/7/2018 13:11

what is becoming clear to everyone is that the company is now starting to build a cash pile, a war chest if you like.

Reza is not a man to sit and do nothing with that. Cash is to be used in business.
The US$ liquidity problems in Emerging Markets and higher debt service costs means, quite outwith the results of our own exploration & expansion plans, opportunities are going to increase to pick up explorers/miners with resources but, no cash & no easy access to cash.
Folk will be knocking on our door end this year and through next year, with offers .. nice situation to be in.

[terropol] 17/7/2018 13:09

lefrene, re post above. "where did you see a director selling down a huge stake?
Having looked at all the trades form the last 13 years I do not remember that.
(unless it was when very first listed)

[mattjos] 17/7/2018 13:03

Not sure there is a better exchange for AAZ to be honest. They would fail the HK rules as too small.
Canada likes junior miners and often values more highly but, I don't see Reza going there.

The advent of a dividend will very clearly separate us from 95% of the AIM dross & the investor base will change as that is introduced & grown

A move to the London Main Market and a switch to SETS may be achievable next year but, unless Reza wants a raising, I don't see the point & equally don't see why he would wish to incur the costs of so doing.
AIM has served us well enough to date and should continue to do so for years to come. One advantage of staying put is that we will, shortly, stand out like a sore thumb with a dividend flow.

Still believe we will start a satellite operation at Ordubad next year .. in time, could grow to larger than Gedabek :-)

[lefrene] 17/7/2018 12:56

Mattjos I first noticed AAZ in the mid 20's, but simply thought it too good to be true, I thought I must be missing something, after all it's in a 'dodgy' part of the world. Strange goings on with director selling down a huge stake and another one 'seeming' to put in a large sum of his own money, and it's traded on that well known paragon of virtue the AiM market! So I held off for ages, such that my stake has cost me an average of 39p. So I understand why AAZ is looked at askance, it appears too good to be true, quite ironic when the excellent management have worked so expertly and diligently to get this company to where it is.

It would be a shame to see it get taken out on the cheap by a predator. A bit ironic that finding larger and equally rich resource might be the trigger for a pounce by another outfit?

[bozzy_s] 17/7/2018 12:51

Thanks for the share price Angel note Mattjos. So they're forecasting net cash $44.2m in 2020. And they seem to have been conservative in their past forecasts. With today's figures I'm now hoping for a maiden divi above 2p per share. It's great having management with a significant, but not dictatorial, shareholding.

In terms of getting AAZ properly valued by the market, it'll happen in time. It's had a great run over the past 12-18 months. Currently up around 300% from low point in 2017. Seriously, no-one can complain about that. The market is fully aware of AAZ and is in the process of getting to a fair valuation. Profit taking will clearly happen and who can blame them?

I wouldn't jump on M.R.F for suggesting a move to a different exchange might help things. It's a perfectly valid argument. It's not like anything we say on here will affect that decision.

Please forgive this slightly off-topic. My personal experience, one of my previous potentially life-changing shares OCZ announced their intention to quit London and move to Nasdaq. Their shares were priced at 5p on AIM. I bought a few, and sold the next week for around 10p, just before delisting in 2009. I didn't want to hold unlisted stock.

I should've read the announcement more carefully. Yes they were delisting, hence the initial plunge in share price. But the clue was seeking a US listing.

Within a year they were on Nasdaq and opened at $4 a share (around 250p). Some initial profit-taking down to $2, then a rally up to and beyond $10. In 2 years they were a 150 bagger. My original £1500, which became £3000 in a week, could've become nearly £1/4 million in 2 years if I'd had patience, I'd read the announcement more carefully, and was willing to take a bigger risk by holding unlisted stock.

So if AAZ ever announce an intention to list elsewhere to improve market valuation, I'll be strongly in favour and will be buying stock while others sell. I put AAZ in the 'potentially life-changing' category. Buying at 50p now and hoping for 5p+ dividend pa from 2020 for 10%+ pa returns. Plus capital gain. And hopefully that's a modest target.

[mattjos] 17/7/2018 12:51

yes, received an email advising it was there this moring and voted all mine.

Terropol, I think there is a 'Preferences' setting you need to set in order to receive advisories and vote online

[terropol] 17/7/2018 12:47

Mattjos, I did not get the General Meeting vote on my II account...had to call them and vote on the phone. Did yours come on line? (on the platform)

[mattjos] 17/7/2018 12:43

lefrene .. you get it & I get it & a few others get it. Back at 4.5p I said this would at least 25 bag. gradually the belief is growing and spreading

[macmuck] 17/7/2018 12:32

Thank you all for informative articles (most over my head) but I can now say that the small amount of shares I bought in January have finally moved into profit. Wish I had more to invest TBH.

[lefrene] 17/7/2018 12:27

At 120p this would still be very good value given the strength of the balance sheet, the assets, the local goodwill, and the high earnings. The strong probabilities of finding more extensive resource would still be in for free. Perhaps it will take the maiden dividend to get it noticed?

[doctoromeo] 17/7/2018 12:26

this still has explorer market cap
ridiculous!
should be double now

[cobra786] 17/7/2018 12:22

ready to move up now

[mattjos] 17/7/2018 11:53

SP Angel starting to ratchet up their target price now ... I am quietly confident they will be doing so now for at least the next 6-9 months and won't be long before they give a £1+ target.
Personally, I have fair value over 80p already

[lefrene] 17/7/2018 11:41

jbravo2, "what will they do with it all?" Lets hope hubris doesn't set in and it gets blown on speculations. They could of course just make very generous divi payments :¬)

[ilostthelot] 17/7/2018 11:31

😊 easy money. Very little risk here. Prove up 3 or 4 hundred thousand ozs and we will add. What £1.50 to the share price

They have loads of land to search so that's very conservative. Hold tight!!

[terropol] 17/7/2018 11:26

A lot to look forward to in H2/18 including an announcement of the dividend policy, mineral resource/reserve update, start of the airborne geophysics study covering the whole Gedabek contract area aiming to identify follow up targets as well as ramp up of exploration works at Ordubad.

Above from the SPANGEL morning note....

We look forward to the next lot of news.

[jbravo2] 17/7/2018 11:19

Exactly Thomas.
+20m balance by year end.

+70m 12 months after that.


Just what will they do with it all?????
:)

[thomas11] 17/7/2018 11:13

Wow - hard work keeping up with all these posts this morning

I have mentioned before but worth saying again, what will AAM do with all the cash they are generating? The divi, unless really large won't dent the $12.5m cash in the bank

I was hoping it would be for Ordubad where the big prize is according to the IPO document but they are not drilling there until 2019

I have noticed on recent RNS's they are "actively" seeking other projects, they now have the fire power to go after these projects

Interesting times ahead

[return_of_the_apeman] 17/7/2018 11:08

Good to see SPA starting to do some decent coverage :-)

I see the board took the decision not to rns the info below

Hopefully it will come in the next exploration update

catsick
29 Jun '18 - 16:02 - 13629 of 13953
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I bought a few more after the agm, nice to see someone selling to me ... Sounds like underneath gedabek there are some nice pockets of gold not included in any of the resource statements, Stephen mentioned they had hit some pockets of 3oz per tonne ( 100g ) so on par with the grades that ggp hit on half a meter and sent the stock into orbit ...

[mattjos] 17/7/2018 11:06

just be patient chaps .. this still has a long way to run and it will get there.

the last big move was spread over 2 years and ran from 3p to 80p over a 24 month period. Exciting for sure but, it was just too racy and left a gap behind.

This move is now already just over 3 years old .. it is a steadier rise, building on each level of Resistance/Support as it goes & continually clearing out sellers at each hurdle. It is much more sustainable & that is what we want to see. Brief upward spikes will simply be met with opportunistic selling by traders .. we do not want that, thank you.
Lets, please, continue this strong steady advance towards the 80p level ... Believe me, there will be a wall of buyers here when we do break 80p & 80p will then be the floor. Between now and then, steady away & keep accumulating