Anglo Asian Mining Share Discussion Threads

[cinoib] 15/10/2018 16:15

They must have heard me grumbling, spread closed2p on the bid.

[cinoib] 15/10/2018 16:07

bozzy, Would look better if them greedy git MM'S closed the spread a bit, 5p is too much

[bozzy_s] 15/10/2018 14:39

Still very strong online quotes... 73.05p for 92,000+ shares. 74.25p for 30,000 shares. Looking good for a few pence rise today / tomorrow.

[mattjos] 15/10/2018 14:30

Could be much bigger if grades keep increasing

[celeritas] 15/10/2018 14:25

No debt and circa 51.7m net cash by 2020 is huge

[lefrene] 15/10/2018 14:16

If those figures come any where near and the divi remains at 25% of free cash flow, then it rather looks as if AAZ will become a record breaking divi payer. Why on earth does anyone sell this share at current levels?

[celeritas] 15/10/2018 14:04

I'll re-post my earlier post as it seems to have slipped through, this from the new note regarding the cash position.

Balance Sheet ($m) FY16 FY17 FY18e FY19e FY20e

Cash---------------1.4..2.5..21.3..34.5..51.7

Net debt/(cash)....34.6 18.1,-10.5,-30.9 ,-51.7

[edjge2] 15/10/2018 13:59

NIce rise, even gooder stuff coming. £1 should not be far out of reach.
Hope it goes thru 77 as chart looks like double topper!

[cinoib] 15/10/2018 13:47

O.K. another 5k for me can get 25,000 onlne just now, so not to short of stock.

[mattjos] 15/10/2018 13:42

Great post bozzy ... no real comparison between then and now.Can't understand why we are not already £1+ but, we will get there and we will also print ATH prices soon

[bozzy_s] 15/10/2018 13:34

Nice start to the week. Share price closing in on an 8-year high. Next stop all-time high above 125p.

Here's a little comparison of the company then and now.

From 2005 interim results, when share price peaked at 125p:

Market capitalisation: 2005: £125m 2018: £85m

Revenue: 2005: nil 2018: $39.9m

Profit before tax: 2005: -$0.66m 2018: $8.07m

Net operating cashflow: 2005: -$0.30m 2018: $24.58m

Interim dividend: 2005: nil 2018: $0.03


AAZ has gone from speculative explorer / fledgling miner to a consistently profitable dividend-paying company. Operating costs among the lowest in the world, and heading still lower per GEO. Production, performance, revenue at all-time highs and heading higher.

We've had a good run this year, but there's still much much more to come. AAZ is still cheap when considering cashflow, profit and dividend yield. It's cheap at anything under 100p based on what we know today.

Let's wait and see what Gadir adds to JORC resources / reserves.

[cannonfodd3r] 15/10/2018 13:20

I still like the fact that Ugur transalets from turkish to english as "fortune"

[someuwin] 15/10/2018 13:13

No buy quote again. They're going to have to move it up.

[mattjos] 15/10/2018 12:16

Creeping inexorably towards that 80p level &, imo, the time at which the Gadir JORC will be issued and smash through that level.As Terropol says, could do with weak GB£ all this week off the back of still no BREXIT deal.Divi worth 2.28p now ... even if only 20% of that gets used to purchase more shares, that's over 300k shares will be bought off the already extremely limited free float.

[terropol] 15/10/2018 11:44

MMs quoting big spread now... Not happy to sell any, they would struggle to cover their position.
85p not to far away.
Now we need a strong dollar this week, then we get a bit more in dividend due to average exchange rate.

[someuwin] 15/10/2018 11:44

It wants to move up.

[mattjos] 15/10/2018 11:30

Will get upgraded again v soon, imo

[lefrene] 15/10/2018 11:09

mad foetus, the insti's can buy all they want if they are willing to pay a proper value for a divi paying cash rich growth stock that is likely to uncover substantial new resources. I'd say 200p would still be a very fair price! :¬) and no I'm not joking. AAZ is stupid cheap, so I buy when I can.

[gutterhead] 15/10/2018 11:08

ok, understood, thanks

[mattjos] 15/10/2018 11:07

Flash note for clients

[gutterhead] 15/10/2018 11:04

Cant se the share price angel AAZ update note on their site?

[misterdeb] 15/10/2018 11:00

Interesting analysis on AAZ

hxxps://simplywall.st/stocks/gb/materials/aim-aaz/anglo-asian-mining-shares/news/should-anglo-asian-mining-plc-lonaaz-be-part-of-your-portfolio/

[mad foetus] 15/10/2018 10:54

It has been tricky to buy all day. I think the free float here is pretty small: only 114m shares in issue, so every 114,000 shares is 0.1% of the company. That is, in fact, the biggest factor holding the share price back: that if any institution wanted to buy a £5m stake it is virtually impossible for them to do so.

[celeritas] 15/10/2018 10:51

Stock very tight again, some must have seen the note early.

[someuwin] 15/10/2018 10:49

can get a buy quote for £5k. But not £6k.