Anglo Asian Mining Share Discussion Threads

[baddeal] 23/5/2020 14:53

MattjosAgree with numbers re sipp but remember the LTA limits and tax implications. No point getting in with a good tax break and getting hammered when you take the money out

[plasybryn] 23/5/2020 14:53

Which RNS do I need to read to understand more about what is going on here please? According to the terms of the PSA, following the submission of the Notice of Discovery, the Company has six months to submit a Development and Production Programme to the Government of Azerbaijan for approval.

[wanobi] 23/5/2020 14:47

many thanx someuwin, interesting Cheers Wan :-)


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[mattjos] 23/5/2020 14:20

Keeping the sums very simplistic & therefore using a fictional share price:Sell 10,000 AAZ at £1 per ea. From Trading Account & switch into SIPP at same price.That would be £10,000 SIPP contribution. you immediately get the 20% added to the SIPP account & later can claim the other 20-25% in your Tax return.you've not got 10,000 AAZ in your SIPP + £2,000 Cash.Use the £2,000 Cash to buy a further 2,000 AAZ shares at £1 each.you've not got 12,000 AAZ shares in your SIPP.When the FY dividend is paid in July you will receive 12,000 * (circa) 3.65p = £438 (tax free).Assuming the share price stays pat for the period, you now have £12,4348 in your SIPP as compared to £10,350 which you would have had in your Trading Account had you done nothing + there is a further £2k you are claiming back off the tax man in your tax return (which may or may not be partially used up by Capital Gains Tax on the original sale if you breach the £12.5k limit).The above very simplistic but, seems sound to me if you can afford to do it.

[wanobi] 23/5/2020 14:12

AAZ - okay, so I've watched it twice more today,,,, very interesting, the only time BM touches his face/cheek that I can see is, guess where,,, immediately after the answer he gives to the nationalisation question,,, 'never, ever, ever,,,, cue touch of cheek...... obviously body language is certainly not 100% accurate, but,,,

Body Language - Neck or face touching
Neck or face touching is the adult equivalent of toddlers sucking their thumb.
When we're uncomfortable, our mammalian brain's natural response is to feel comfortable again. This is when we assume what Joe Navarro calls "pacifying behaviours." It's when we rub our necks, touch our cheeks, or rub our eyes (even when we're not tired): When we're experiencing an unpleasant emotion, our brain sends signals to our body to stimulate nerve endings (ex. sucking a thumb for toddlers or rubbing our necks for adults). This releases calming endorphins into the brain, which "pacifies" our uncomfortableness. Men touch their faces, necks, and arms. Women touch their necks, clothing, jewelry (particularly if they have a necklace), arms, and stroke their hair. All of these pacifying behaviours demonstrate insecurity and limited confidence.

I cannot read too much into this though as it might just mean he's uncomfortable being asked that question, whether there is anything to hide in his answer or not!!! To me, he gave a very forceful answer,,, too forceful,, who knows,,, seemed genuine to me.... Just an interesting observation to note.....

also noted, there was a lot of hopefully's in his language...

confirmation that they are looking at other opportunities BOTH IN & OUTSIDE AZER & that yes they are actively in talks!!!

I think he genuinely misunderstood the PSA expiry question, took it to mean any change to the current PSA terms, 12.5% etc and not 'Is there a date when the PSA ends' which I think was the actual question....

I shall have to study his body language on the other presentations now to see when else he touches his face etc...

Cheers
Wan :-)

[mattjos] 23/5/2020 14:08

Particularly for Higher Rate Tax payers here, assuming you have already used your Personal ISA Allowance (& potentially your wife's ISA Allowance) for the year, i believe a Bed'n'SIPP makes a lot of sense on this share.Given the current economic situation, it seems inevitable to me that the higher rate tax relief on SIPP contributions is going to be removed as part of the efforts to pay for all govt QE & that is likely to get whacked in the Autumn budget, if not sooner. They could even lower the ISA allowance each year .... 100% Guaranteed that big tax rises are coming down the pike soon so, do al you can to take advantage of what's on offer now before it disappears.I'm not a tax expert or a financial adviser so, please do your own research and form your own opinion but, the combined higher tax relief on the contribution + the knowledge that the dividends wont be taxed is a big benefit.You'll get 40% or 45% back from the taxman on the value of the contribution so, that gives you a helluva 'buffer' on your switch price + save the tax on the dividends later in the year.From memory, it's up to £40k SIPP contribution that gets the tax relief so, I will be doing just that while this generous tax relief remains in force.Appreciate it means you cant get at the money in a hurry (depending on your age) but those who are very young still and can take an extended view + those near or over 55 already can get at it.These are extraordinary times we are living in & personal financial planning more important than ever before, imo.

[bazboa] 23/5/2020 13:32

What is the plan to get to mid tier status? 80-100k is certainly not that in my opinion. I sold a few trading shares on Friday as it was predictable that the share price would go down. I imagine it will continue to do that until the next news item...whenever that maybe. I'm sure I will get the opportunity to buy my shares back lower and I imagine lots of others have done the same.

[someuwin] 23/5/2020 12:52

Re: CHF

At £2m it's priced less than a lot of shell companies.

It has a main listing (not AIM). World Class geologists. Largest license footprint in Cyprus and has already identified 30 prospects and targets.

Ceo Martin French owns 4.84%

But also the following significant shareholders...

Claudio Ciavarella 7.10%
Fahad Al Tamimi 3.77%
Leo Berezan 6,87%
Glenn Olnick 3.35%

Al Tamimi and Ciavarella are Chairman and Vice Chairman of Kerr Mines (TSX:KER)

"Kerr Mines’ focus is to commence gold production of its Copperstone property in the United States.
The Board seeks to create value for its shareholders by generating cash flow from existing assets and expanding the resource base via exploration or through strategic acquisitions."

Fahad Al Tamimi

"Mr. Al Tamimi is a Saudi-based businessman with global investment activities. Previously, he was President and CEO of SaudConsult, the largest engineering firm in Saudi Arabia responsible for many large infrastructure and construction projects in the country.
He was also a 50% partner of Worley Parsons Arabia, which undertook major infrastructure projects in the oil & gas, energy and a mining project worth over $5 billion in Saudi Arabia."

Berezan & Olnick appear to be businessmen with interests in various companies.

...Main point being that these well heeled guys have invested in CHF. Have contacts and experience building companies and raising money. And will not want to see their personal shareholdings in CHF being diluted.

All goes to make CHF a punt well worth taking imo.

[wanobi] 23/5/2020 12:27

Beautiful Rb, an absolute stunner :-) Cheers Wan :-) LOL LOL


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[wanobi] 23/5/2020 12:24

hhmmm that's sounds like a plan droyden,,, must try both the drink and the safari one day :-) Cheers Wan :-)

[wanobi] 23/5/2020 12:20

aha, doh Wan!!!,,, many thanx KS, I shall listen to it again now :-) Cheers Wan :-)

A very HAPPY BIRTHDAY to you KS,,,, wishing you a fantastic day :-) Cheers Wan :-)

CHEEEEERRRRSSS !!

:-)

[wanobi] 23/5/2020 12:17

Rb, ok, I'm in LOL,,,, Silver,,,, I'm starting my Silver watch list, so far I have FRES, HOC, GLEN, NMM, MAG, PAAS, IPT,,,,, what other key Silver producers should I have in that list,,,, not bothered about where they are listed,,, ??? all help appreciated, many thanx Rb, all,,,, cheers Wan :-)

[wanobi] 23/5/2020 11:58

LOL Rb, many thanx, I have listened to the first one, now starting the second :-) Cheers Wan :-)

[bleepy] 23/5/2020 11:36

It seems us shareholders know exactly what the priorities are and the true value within, it just wants Aaz to get the message out there.

Oh, btw what are we paying our present broker for, they have not exactly a glowing track record as far as Aaz are concerned, what have they done to promote Aaz, should have gone yrs ago.

Aaz are quality, have excellent rns communication and report standards but they fail dismally to get that message to a wider audience.

[droyden] 23/5/2020 11:32

Amarula in hot chocolate :)
Although a different experience having it in the morning as the sun comes up during a safari!

[callmebwana] 23/5/2020 11:27

Ah,I have just received a sad text.
I used to export stuff to Nigeria.
The Nigrean guy, Joseph was an ace guy 43 years old who was one of my best clients,he used to visit me whenever he was in the UK and stay in my house.
He has passed away with this virus !!
One of the finest human beings one could wish to be friends with.
Ah' such is life !!

[mattjos] 23/5/2020 11:17

Bleepy, change of broker is not going to achieve anything right now, imo.would just be a costly distraction for the company .... we all know what the priorities are for the company & those are what they need to concentrate on.

[callmebwana] 23/5/2020 11:16

KS, happy birthday to you.
Enjoy.😁

[bleepy] 23/5/2020 11:13

How about promoting what we have for starters, shouting it from the rooftops not come across as mentioning it in passing.

We are not asking for NDA’s or legal obligations to be breached although “govt talks” still ongoing after some 12mths warrants an update to us shareholders.

Way, way overdue for a new broker and for Aaz to take onboard a professional approach to PR.

Mf might be cross but I’m am bitterly disappointed and frustrated at the bod’s approach to PR and present broker choice.

[king suarez] 23/5/2020 10:58

Wan, the presentation has been up for some time:



If I had one word to sum it up, I'd say 'subdued'? I like the presenter, Andrew Scott though. He's always knowledgeable about, and curteous to, the people/companies presenting on Proactive.

I agree that the non-commital, 'maybe' increase production to something like 100k in the next fews years is not congruent with the message on the website about aspirations to become a mid-tier producer?

In other news, excuse me for shamelessly announcing a milestone - I hit 40 today(!). Plan is for steak and chips later, some beers and I shall check the shops for a bottle of Amarula (had it first time in South Africa - lovely stuff) 'virtual' online web chat with friends and several hours of multi-player on line gaming. No longer a boy, not yet a man? ;)

[riggerbeautz] 23/5/2020 10:58

Quite liked listening to more silver porn

This may interest some too

Both relatively short

Right off to finish John Pipers book as brood entertaining themselves and missus on Zoom for 2 hours no doubt

[wanobi] 23/5/2020 10:57

aha, is there a link to the AAZ presentation already out there,,, I can't find it? Cheers Wan :-)

[wanobi] 23/5/2020 10:50

many thanx cmb, our posts crossed :-) Cheers Wan :-)

[wanobi] 23/5/2020 10:48

aha, yes Rb, sat here in the dark almost :-) LOL big black fluffy stuff in the sky,,,,,, I can see cmb chortling away already :-) LOL,,,, Cheers Wan :-)