Anglo Asian Mining Share Discussion Threads

[catsick] 19/9/2018 09:27

I liken worrying about gaps in the chart to my 8 year old avoiding standing on the lines on the pavement... (-: I think with yesterday's update underlining the fact we have 1m oz in the pit alone and lots of goodies underground too, we can see that gedabek will be running at the current rate for at least 10 years, probably 20 The generation of cash at 50m usd a year less capex is going to easily fund our fat dividend and also should fund a small heap leach at ordubad, remember thats how gedabek was started for 20m usd so that is easily fundable from cashflow depending on what they find ...

[2sporrans] 19/9/2018 09:26

Agreed Brasso.

Obvious point.. but the explo. news + interims are already fully 11 weeks behind the game now.

I just wonder what the net cash and cashflow is right now + the further resource revealed.

Not long until Gadir JORC and Q3 production are out.
The confidence eminating from AAZ, now embodied in 25% free cashflow div. strongly suggest to me that AAZ team know fine full well this newsflow will re-inforce the already very +ve outlook.

I mean you don't bang out 25% fcf div. chancing it that you will need to rein right in in 6 months or next year.
That would lose credibility/confidence/trust.....takes years to build can be lost in no time at all.

[trinko] 19/9/2018 09:22

It Is a exhausting gap and is not nessecerly be filled

Ps what is the broker target price of AAZ ?

Thanks Trinko

[jaspoland] 19/9/2018 09:15

Re 15510 Reza has 29% holding not 16% as far as I recall

[brasso3] 19/9/2018 09:13

I know Matt is nervous about gaps.

I think if we pull away strongly from this area then the gap is not so important.

[2sporrans] 19/9/2018 09:12

Brasso

Do you see this gap to 54p being closed?

Maybe.

But might not be different this time?

The past 4 RNSs, put together are worth more than sum-of-parts imho.
+ surely they have exceeded the av. investor expectation.
So, given a re-rating is well in order and 60p looks a conservative one, maybe the usual post news dip won't fill the gap?

If it does, then great buying op.

The difference between all the years since IPO and now, going forward, is that AAZ is returning value to shareholders and not in a token manner.
You get paid well [7.8%pa?] just to sit on hands a few, several years....maybe a decade or more.

[brasso3] 19/9/2018 08:55

Matt

Do you see the gap down to 54p?

[crazycoops] 19/9/2018 08:48

Absolutely fantastic stuff from AAZ, the leadership and staff deserve a big round of applause

It is covered in today’s Telegraph I don’t subscribe but AAZ tweeted the link on Twitter

[2sporrans] 19/9/2018 08:47

20000 more for my ISA - for the dividend portfolio.
Missed the best of that dip, so 58.7p

I think this divi stands a v. good chance of being sustained new few years at least.
As Reza et al say they want it.
25% of free cash flow.
based on the ~2.3p xd-11Oct18 being replicated 6 months later
4.6p pa
7.67% @60p price.

Directors and shareholders interests are v. aligned with AAZ.
They have long said they want to return value to shareholders; now they are.

What they've been telling us they expect to deliver....the past few years....they have consistently achieved.
That's got to be worth some kind of premium.

But the share price is still on a huge discount.

As posted above: 8% dividends don't stay that way.
And the odds are v. high imho that the adjustment over time will be of a rising sp, rather than free cash flow shrinkage and div. cuts.

[highly geared] 19/9/2018 08:34

Advfn charts not working (as usual these days...) Edit, now live.

[ntv] 19/9/2018 08:34

A nice set of results as expected and dividend looks sustainable at 7.5% yield while commodity prices are low
The high rate of dividend was certainly unexpected on my part
Happy to top up on any weakness

[sh0wmethemoney] 19/9/2018 08:32

Just bagged some more at 57

[shammytime] 19/9/2018 08:31

Delighted with this early lull in proceedings. Managed to bag myself some more at 58p. Incredible discount

[return_of_the_apeman] 19/9/2018 08:28

Suspect some of the midas crew are flipping for a quick gain

Perhaps we will get an II on here now

[highly geared] 19/9/2018 08:28

Markets are bizarre at times.
AAZ will pay back c. 45% of the market cap between now and 2023 in dividends and the share price hardly moves.
What more do people want.
Maybe it’s the Azerbaijan effect? Sell the news...?

[loafofbread] 19/9/2018 08:24

I'm sure it's been mentioned but are they doing post results presentations and does anyone have a shareholder list?

[mattjos] 19/9/2018 08:12

Mind the gap please chaps ... none on the chart whatsoever from 4p & I'd rather there was not one today

[bleepy] 19/9/2018 08:10

Up she goes again 61p...

[return_of_the_apeman] 19/9/2018 08:07

Is this fill or kill only now or has it gone into auction - i can't seem to get any

[goodgrief] 19/9/2018 08:04

1/1000p short of 60p paid! When was that last seen?

[return_of_the_apeman] 19/9/2018 08:03

Lol is that it a mere 7% up at open - better have a look down the back of the sofa!

[terropol] 19/9/2018 08:02

WEll guys, what can I say.... GOOD MORNING ALL.

[callmebwana] 19/9/2018 07:58

Trinko, English is my 5th language. So sorry.