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AAZ Anglo Asian Mining Plc

59.00
2.00 (3.51%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Anglo Asian Mining Plc LSE:AAZ London Ordinary Share GB00B0C18177 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  2.00 3.51% 59.00 54.00 59.00 57.00 56.50 57.00 171,210 16:35:25
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec 84.72M 3.66M 0.0320 17.66 64.55M
Anglo Asian Mining Plc is listed in the Miscellaneous Metal Ores sector of the London Stock Exchange with ticker AAZ. The last closing price for Anglo Asian Mining was 57p. Over the last year, Anglo Asian Mining shares have traded in a share price range of 36.50p to 122.50p.

Anglo Asian Mining currently has 114,242,024 shares in issue. The market capitalisation of Anglo Asian Mining is £64.55 million. Anglo Asian Mining has a price to earnings ratio (PE ratio) of 17.66.

Anglo Asian Mining Share Discussion Threads

Showing 40451 to 40475 of 143300 messages
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DateSubjectAuthorDiscuss
18/12/2018
11:27
See the MM's are at it again 15-1 on the buy and the bid drops 2p, ty[ical tricks of greed MM's because as soon as they have stock tosupply their orders the ask will rise.
cinoib
18/12/2018
11:14
great post 2457 bwana, thanks, makes me feel a lot better, cheers Wan

I understand 'I think a big order being filled' now that mattjos explained it to me,,, it's all a big club really and we as PI's are on the outside!!!!


To me, and this could be totally wrong,,,,, the fact that all the big stuff is going through NEX all of a sudden could substantiate that theory ?

wanobi
18/12/2018
11:13
SB, with the trades so lopsided 98000 buys to 8500 sells, there must be some large sells not reported yet, right? cheers Wan
wanobi
18/12/2018
11:10
Wanobi it is very,very difficult to buy dead right. I topped up all the way to 95P.
So was I wrong in doing that? You say a lesson learnt?? What lesson? What if the JORC had landed this morning? Stop doodling and go for it IMO.
Stop beating yourself, about small amounts. You are an investor, not a day trader.LOL.
Let the MM's have their fun now.I think a big order being filled. I suspect that is why the share price has been bouncing about around 90P lately. WTFDIK after over 30 years in the Market?? I still learn, you can never know all.
ATB.

callmebwana
18/12/2018
11:10
a further 25k late buy through on NEX...interestingly most of the volume getting routed on there today

MM's can place it through here to avoid most pi's registering the volume as standard reporting only shows the LSE trades and not all will look on the nex exchange website

sportbilly1976
18/12/2018
11:09
88.65 is still the sell price. It looks like they are fishing for stock before the next move up.
basem1
18/12/2018
11:05
thanx SB, I saw a piece on CNBC where a guy said that in a crash he logs in incorrectly 3 times so he's purposely permanently logged out and cannot touch his positions :-) drastic measures and all that, cheers Wan
wanobi
18/12/2018
11:05
The fuller details of all the underground work is what I think is now going to be most interesting, underground mining of high grades can be very profitable, if we have good amounts of 10g/t and higher then the underground miming will be very profitable, worth taking a look at some of the kirkland lake presentations to see what we can achieve, and they have Australian wages to pay ! also all the expensive capex is already done, we dont even need to be sinking shafts ....
catsick
18/12/2018
11:00
wan,

go out away from the screen for the day, unless you have another trade your keen to make

timing in & out to the 0.5p isn't required for an investment. The 88p was for <7000 shares, not 50,000

sportbilly1976
18/12/2018
10:55
nooooo, someone just got 88.65,,, below my 89p order..... I should have just left it running, hey ho, another lesson learnt Wanobi!!!!! cheers Wan lol, lol
wanobi
18/12/2018
10:53
lol, I am really not very good at this buying malarkey, I can now get 25000 shares at 89.6p from HL, doh!!! cheers all, Wan
wanobi
18/12/2018
10:38
FYI - December spreadbets rollover at tonight's close

this quarter has seen a significant rise so will be some profits banked..possible new positions opened tomorrow on the back of this?

edit: although be watchful in case the MM's knock the share price down a bit in the last 20 minutes to lower the close

sportbilly1976
18/12/2018
10:36
Gold edging to $1250
sportbilly1976
18/12/2018
10:25
and now the second one..... good, now you black swans, do stay away :-) cheers Wan
wanobi
18/12/2018
10:19
finally one of my trades appears as a buy on NEX, lol, cheers all, Wan
wanobi
18/12/2018
10:15
best things I've seen from them in my short investment life experience!!! cheers Wan, thanx again Jeanesy...
wanobi
18/12/2018
10:11
courtesy of Jeanesy, thanx...



Cheers
Wan


Anglo Asian Mining PLC: THE INVESTMENT CASE
INVESTMENT OVERVIEW
Anglo Asian heads higher as confidence in Gedabek licence grows
Share
12:45 17 Dec 2018
A first interim dividend was announced in September, since when there has been more good news

INVESTMENT
OVERVIEW: AAZ
The Big
Picture
Plan is coming together for Anglo Asian
Anglo Asian Mining PLC (LON:AAZ) has more or less tripled in value over the past year as its transformation has become clearer.
A first interim dividend was announced in September since when there has been more good news as production from the company’s clutch of mines in Azerbaijan has continued to rise.
Broker share price Angel believes the share price can go further and expects the firm’s dividend to “nearly double next year”.
Anglo Asian can become “one of the top-yielding precious metals producers on the London market”.
There are several reasons for this price strength, but the central one is that Anglo Asian has been expanding operations and upgrading resources at its three mines in Azerbaijan.
Three gold and gold-copper mines supported by exploration
Its main mine is the Gedabek gold-copper open pit.
Nearby are the high-grade underground Gadir gold-copper mine and the Gosha underground gold mine.
In September, the firm boosted the total gold and copper resource amount at the Gedabek open pit to just short of 1mln ounces of gold, 63,375 tonnes of copper and 8.2mln ounces of silver.
Within that, the measured and indicated portion rings in at 800,000 ounces of gold, 53,676 tonnes of copper and 6.8mln ounces of silver.
Reserves meanwhile were 343,160oz of gold, 36,011 tonnes of copper and 3.4mln ounces of silver.
That’s about four years worth at current production but it’s not just production and cash flow that has changed for the better, investors are now much more upbeat over the long-term potential.
The Gedabek contract area also has significant exploration potential along a mineralised belt within its 300 square kilometre area.
Underground link-up between Gadir and Gedabek underway
Construction of a tunnel between the Gadir and the Gedabek mines also intersected Gedabek-style mineralisation at the end of the tunnel drive.
It is further planned to extend this tunnel along the Gedabek mineralisation beneath the back wall of the open pit and to fan drill to assess the mining potential for an underground mine.
Strong first half
An airborne geophysical survey has also just been completed over the entire Gedabek licence to identify new drilling targets.
The hope is that Anglo Asian will identify more deposits like Gadir and Gosha and that eventually, Gedabek might evolve into a substantial gold mining district.
Even with the strength of the shares over the past year, any evidence that might be the case would propel them to another level entirely suggests the broker.
In addition to the maiden interim dividend, the miner also delivered a 22% year-on-year increase in total production of gold equivalent ounces, swinging to a pre-tax profit of US$8.1mln from a US$1.3mln loss the year before as revenues climbed to US$40mln from US$29.8mln.
Fat margins reflect low production costs
Gold prices helped those numbers, but production costs per ounce also fell 4% to US$543 compared to the same period a year ago.
At the current gold price of US$1,206 per ounce, this translates to a profit of US$663 for every ounce mined.
That margin has helped boost the company’s cash balance to US$12.5mln from US$2.5mln last year and slashing its net debt from US$18.1mln to US$2.9mln.
For the whole of 2018, the company is targeting between 78,000 to 84,000 gold equivalent ounces (GEOs), a 13% increase from 2017.
Whether the larger Gedabek area will yield as much as hoped remains to be seen, but Stephen Westhead, who is the director in charge of geology, recently bought 60,000 shares at a price of 86.3p, which must reflect some confidence in the exploration programme.
According to share price Angel: “We feel a lot of upside potential in the company remains reflecting expected busy news flow on the exploration front focused on both extending known mineralisation at producing deposits as well as an opportunity for a greenfield discovery.”
In October, Anglo added it would hit the upper end of the estimate after a strong third quarter.
At 89p, the company has a market cap of around £103mln.

wanobi
18/12/2018
10:07
bwana, I have yet to find my sleep disruption point so there may well be more AAZ in the top up style when AAZ is over 100p,,,, if you can't beat em, join em, hey mattjos :-) cheers all, Wan
wanobi
18/12/2018
10:02
aha, thanks SB, I will look into these things over the Xmas break, cheers Wan
wanobi
18/12/2018
09:45
wan,

AJ Bell (Youinvest) do individual shares in a SIPP, £9.95 a trade and £4.95 if you made 10+ trades the previous month

sportbilly1976
18/12/2018
09:41
bwana, thanx, but can they work with a SIPP, I've been told by an investment mate of mine that HL is the only SIPP broker I can use if I want to trade individual stocks and not buy unit trusts, funds and the like? thanx cheers Wan
wanobi
18/12/2018
09:39
yes SB, probably, I do hate the way they can play around with these things, its not fair on us small guys,,,, although what in life is fair, lol.... still its just not cricket to me old chap :-) cheers Wan
wanobi
18/12/2018
09:38
Well done Wan. Glad you got them at long last. :o)
Next time break the order with odd numbers.Is there going to be a next time??

I use (Jarvis) Share Deal Active, for my trading. Give them a call. £9.50 a trade.
I have been with them for a very long time.

callmebwana
18/12/2018
09:35
expect a tick up so your 2x 25k trades come through reported as sells :)
sportbilly1976
18/12/2018
09:28
yes indeed, my average is now 60p, so I really could use it going up now :-) lol,,, I'm slowly falling into line with how you guys play this game... thanks for all your help, cheers Wan
wanobi
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