Anglo Asian Mining Share Discussion Threads

[jbravo2] 11/5/2020 10:03

I’m not looking to unload. The shares I have are a long term hold.
The shares would earn more than the interest we currently earn via the divi.
It would, IMO, be another earner for us.

[brasso3] 11/5/2020 10:02

I want to see AAZ grow to 150,000 - 200,000 GEO oz of production. If they do not intend to do that then I would rather have a dividend policy based on 50% FCF.

[jbravo2] 11/5/2020 10:01

Ha ha yeah. I hoped my sarcasm was evident there.
Ok so I want “someone”; to find a buyer
For example... If the share price was £3 we should be able to find a buyer for em at £2.5. No problem for the company if we bought em at £1.

[mattjos] 11/5/2020 10:00

Cash is King right now … lets keep, what is not paid out as a divi, in the bank please.

There is a very real risk of the virus returning this Winter, just like flu does each year & we none of us know how mutated beyond its original strain it may be. None of know if/when a vaccine will be found.

Far better we are one of the very few companies with no debt & plenty cash in the bank should that scenario play out rather than shell out the cash just to keep a few shareholders happy who are looking to unload for a profit

[baddeal] 11/5/2020 09:59

JB are they the same brokers who can't find us any institutional buyers right now?...........

[jbravo2] 11/5/2020 09:56

Exactly mf.
I don’t want the shares cancelled
I’d want our fabulous NOMAD/brokers to find a buyer for em at an increased price at a later date

[2sporrans] 11/5/2020 09:54

I err towards creating a buyback option but holding off on exercising it as JB suggests.

Matt is right to highlight the very real risk of a 'second wave'.
Indeed, if you look up the past week's new infections in Azerbaijan, they've
shot up rather and at least matching the highest week recorded.

Don't shoot me for pointing this out; can't be 100% good news all the way.
Just a very real risk to keep a beady eye on.

Otherwise, very hopeful for share price boosting RNSs following a v. healthy FY one.
A lot of pent up news on the resource for sure.

[mad foetus] 11/5/2020 09:51

I would be quite happy for board to buy back 10m shares at £1, get share price up to £3 and then issue shares to a nice institution at that price! £20m profit, lovely!

[baddeal] 11/5/2020 09:47

I'm massively against buy backs. Firstly it suggests the bod think they cannot add long term value to the company above existing share price by investing the cash in operations, secondly all the evidence from the last 12 months is companies that engaged in buy back programs are then left short of cash when things get tough such as now. 12 months ago we were being told more about the vast gold resources for which we have rights and access. I want to see the cash being used to dig it up and sell it at usd2k or above.Then the share price should treble form where it is today. Far better use of our money than reducing liquidity by another 10%.Well then have a spread of about 20p per share!

[return_of_the_apeman] 11/5/2020 09:46

I doubt they would want to be interviewed by proactive investors unless they have something good to say

Hoping results are published on 14th

:-)

[pogue] 11/5/2020 09:41

No worries re a placing why do we need one?

[jbe81] 11/5/2020 09:37

Pogue, I love orph. Are you worried about a placing? Not that is necessarily a bad thing, as we have seen with avct.

[mad foetus] 11/5/2020 09:36

It could also be a way of getting a couple of institutions onboard.

[jbravo2] 11/5/2020 09:32

I’m with mf
Eminently sensible, so long as they don’t cancel the shares and they’re bought during a dip.
Keep em in treasury and look to find a buyer when the market has cottoned on or after a good announcement etc

This is all so long as we have nothing better to do with the money of course.

As mf alludes to, nothing to lose by creating the option. Don’t have to use it.

[mattjos] 11/5/2020 09:25

would rather not, mf … that will simply encourage selling from the traders and use up cash that we can put to more profitable use in the business +, will further reduce liquidity (which you are always complaining about).

Seems to me that it will be very wise to keep our cash levels up, just in case there is a 'second wave' this Winter

[brasso3] 11/5/2020 09:24

US national debt ticked through $25 trillion this week!

[2sporrans] 11/5/2020 09:22

Thanks for the Merian note SiE

I rather go along with Baddeal as to the importance of the oil-gold price ratio; why not a consumerable commodities basket?
Would be more stable than oil for sure.

Whatever, can be not quibble wrt:
"gold/silver producer currencies such as the Australian dollar have fallen by 25-30% versus the US dollar."

As, generally, labour is the biggest single cost element for miners, a lot of miners will be buying a lot more hours of it per $ earned.
Not sure if this applies to AAZ presently as the Manat is pegged to the $US.
Though perhaps this will change following the collapse in their oil/gas revenues.

"For those who are mandated to maintain their long equity positions"
This allusion to institutional investors is yet another reminder of how vital
it is for AAZ to evidence a longer LOM and increased JORC reserves.
That will jack up the share price and if the market cap. gets to ~$200-mn, might this suffice to attract some significant new instit. buying?

Having said, just for this week, it would be nice if we are treated to another RNS along lines of: A second chartered flight consignment of gold has been delivered to
refiner X and 90% payment received. This was for 4 weeks production and the sales price was $17.xx. Would bag over $6mn more revenue and a further sweetener to the FYs to follow on v. shortly.

[mad foetus] 11/5/2020 09:22

Not sure if they already have it but if not I'd suggest the board consider an option to buy back up to 10% of the shares next year. The company has the cash and it doesn't commit them to doing anything. I'd prefer it wasn't needed but if share price dropped again due to wider market volatility it could be pretty accretive

[wanobi] 11/5/2020 09:20

do my eyes deceive me, buyers returning to AAZ :-) LOL GLA holders, Cheers Wan :-)

[mattjos] 11/5/2020 09:17

not long to wait now for what should be terrific results & hopefully, with end of the closed period, a resumption of good newsflow across several fronts

[wanobi] 11/5/2020 09:02

beautiful chart :-) Cheers Wan :-)


free stock charts from uk.advfn.com

ignoring the GAP :-)


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[pogue] 11/5/2020 08:56

MF
TW sold half his holding at 10p, well at least that is what he told his followers he was doing, so does that make you half like ORPH :0)

[pogue] 11/5/2020 08:51

Cheers Wan
I am not convinced the West will follow the East, certainly from the London suburbs where I am driving into work is impossible in many cases due to lack of parking. Add in that most people I know are being told by their employers working from home is the new normal I cant see the rise happening.

[callmebwana] 11/5/2020 08:46

Wan, yes a USA listing will whack the Marke Cap of AVCT IMO.
It's too undervalued here in the UK.
Comments have been made in the USA as to how undervalued AVCT is in the UK !
It is getting de-risked by the week IMO.
Yes it is still a punt but what share is not ? NAI of course.
ATB.

[wanobi] 11/5/2020 08:42

apols pogue, it was a bit vague, it flashed across Bloomberg that the Chinese are shunning all forms of public transport as too risky and taking the car to work causing gridlock and an extra 60 minutes of journey time in Beijing I think.... :-),,, but, to me it seems obvious that's what folks will do,, after all your car is like an extension of your home if only you and your family use it, so it's nice and safe virus wise to get to & from work,,,, also, to me, its all very well UKGOV saying use more bikes and walk,,, but, again I feel people will see that as high risk infection-wise,,,, I would not like to be stuck in the middle of a cycle lane with everyone breathing all over me right now... Cheers Wan :-)