Anglo Asian Mining Share Discussion Threads

[wanobi] 28/5/2020 13:08

GAN - thanx pogue, will read those links later for sure, Cheers Wan :-)


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are they only listed on the NASDAQ now ?

Cheers
Wan :-)

[bumpa33] 28/5/2020 13:06

“friends and family” ODR

[wanobi] 28/5/2020 13:01

yep STCM also Mj, thanx for heads up, well done guys :-) Cheers Wan :-)


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[onedayrodders] 28/5/2020 12:58

Bumpa .. what did you mean by F&F

"smelt like an f&f to me"

[wanobi] 28/5/2020 12:53

many thanx for posting the note Mj, I've been out in the sun LOL,,, what a nice thing to come back to :-) Cheers Wan :-)

edit - best they have created so far with a real emphasis on how undervalued and safe AAZ is as an investment opportunity - for once :-) LOL,,, excellent..

[gutterhead] 28/5/2020 12:47

I’ve been especially critical of spangel and even asked a pointed question at the May 2018 AGM about efforts made to improve valuation.
This does look like a more thorough note so fair play, well done John Meyer.
187p is based on $1600 per oz and it looks obvious that we are likely to significantly improve on this.
It does point to Hardman likely target price of 220p as to date, they’ve been more bullish. Let’s see .....

[riggerbeautz] 28/5/2020 12:44

Well on 1st glance at least it’s ahead of the share price this time mj.

Thanks for that.

[mattjos] 28/5/2020 12:39

Latest AAZ Broker note for you chaps:

[mattjos] 28/5/2020 12:34

That's SPA note out now & definitely one of their better efforts …. well done Sergey, Simon & John.

Now, let's see if we get a Hardman note out soon & see how they interpret things.

[mattjos] 28/5/2020 12:31

Yes, this statement is interesting:

"Using our updated EBITDA estimates for 2020 and 2021 of $57m and $54m, respectively, and applying a target 4.5x times EV/EBITDA multiple we arrive at our target valuation of $277m and 187p per share.
Upside to our valuation includes an increase in reserves allowing for multiple expansion as well as better than estimated gold price performance. With regards to the latter, on flat $1,750/oz gold price respective estimated EBITDA measures increase to $61m for both years raising target valuation to $303m and 204p per share.

£2.04 on $1,750average Gold price for next two years …. I'm quite comfortable with at eventuality

Seemingly no upside revision above £2.04 for exploration results … that's fair enough as no one 'knows' at this stage but, i believe there is strong message throughout the note indicating exploration driven upside most likely

[kingyon1] 28/5/2020 12:28

Thanks Matt for posting. Feel much more comfortable with my holding after reading that note, at first glance it appears more upbeat than company rns.

[king suarez] 28/5/2020 12:27

Thoughts on the projected AISC increase from $591 to $664 between 2019 and 2021 - a reflection of deeper underground mining and/or grades dropping?

That adds around $5m to cash costs, if accurate.

The report does show that AAZ should be nearer £2 currently, based on only the known JORC reserves though, so perhaps a higher EBITDA ratio can be applied to potential share price in the near future?

[jack jarvis esquire] 28/5/2020 12:23

Just a thought...when does troop rallying start with the existing shareholders? I agree it's unsustainable but nothing gets small/medium investors interested like seeing a flurry of buys on positive news.

[skeptic1] 28/5/2020 12:21

I so badly want to be wrong and for you to be right! :-) onwards!

[mattjos] 28/5/2020 12:18

Much better note … I disagree skeptic1 … this certainly should rally the troops.

In particular, look at the margin analysis/comparison on Page 6 of the note … that really shows how undervalued AAZ is on a peer group basis.

[waterloo01] 28/5/2020 12:18

It does have a £2.04 valuation based on $1750 and some exploration success.

[skeptic1] 28/5/2020 12:08

Reasonably fair note but hardly likely to rally the troops.

[king suarez] 28/5/2020 12:03

Well, at least they have set a target price ABOVE the current share price, for once ;)

Thanks, Matt

[bumpa33] 28/5/2020 11:57

Took more C4XD 15.9, something brewing there and PANR/FCAP happy to take stock the last few days...

Edit: that Polar Cap 1.6m raise smelt like an f&f to me.

[onedayrodders] 28/5/2020 11:50

Then again Bumpa LC could break his duck and knowing my luck of late, KAT will triple on funding go ahead any day now !

Just think that guy looks and sounds like someone that would sell his grandma for the price if a coffee

[onedayrodders] 28/5/2020 11:48

Bumpa33
28 May '20 - 10:42 - 20378 of 20383

Thanks Bumpa ... just didn't smell right this week, I feel better for disclosing here too in advance.

Shame I have to offset that luck against my most recent 2 purchases into PXC and ORPH the day before discounted placings

ODR

[mattjos] 28/5/2020 11:33

New Note just out from SPA …. £1.87 target.

"Using our updated EBITDA estimates for 2020 and 2021 of $57m and $54m, respectively, and applying a target 4.5x times EV/EBITDA multiple we arrive at our target valuation of $277m and 187p per share.
Upside to our valuation includes an increase in reserves allowing for multiple expansion as well as better than estimated gold price performance. With regards to the latter, on flat $1,750/oz gold price respective estimated EBITDA measures increase to $61m for both years raising target valuation to $303m and 204p per share."

Detailed note here:

[pogue] 28/5/2020 11:22

I posted here about the gambling picks and shovels company GAN whilst on the AIM and now NASDAQ and it has been very profitable it has gone up 50% since going to NASDAQ a few weeks ago alone having bagged on the AIM and there is more to come as the Yanks begin to realize the potential of this share, I assume it will be bought out to be honest, but the potential is still there as not all American states are open for online gambling yet and the return of sports, like the reopening off bars for breweries, will provide a boost I am guessing.
2 articles worth a read if you are interested.


Gan Ltd
GAN
is an extremely under-the-radar stock that also operates in the sports gaming space. It IPO’d on May 5 at just over $10. The small-cap stock has since risen above the $15 handle, representing about 50% returns in its first month on the market.
Gan's core business centers around a subscription revenue model. Its software allows it to take a piece of the action on every bet or gamble for the gaming companies that it works for. Its most notable client is likely FanDuel, an international competitor to DraftKings......


Company Overview
GAN Limited is a UK-based provider of enterprise Software-as-a-Service solutions for online casino gambling, also known as iGaming, applications, as well as online sports betting. Its "GameSTACK" platform is an end-to-end solution that allows GAN’s customers to rapidly launch and grow their online operations. GameSTACK also includes GAN’s patented “iBridge” framework, which allows for the integration of a casino’s on-property rewards and loyalty program with the internet gambling experience. GameSTACK is currently deployed in Europe and the US. However, the bulk of revenues were generated in the United States, with the largest customer being FanDuel. In return for the usage of its platform, GAN receives recurring service fees as well as an agreed-upon percentage of net revenue generated on the platform. On May 8th, GAN debuted on the NASDAQ, and it was previously was listed on the London Stock Exchange......

[skeptic1] 28/5/2020 11:05

Is AAZ...not red? The thing that is opposite to red? Maybe my monitor is broken!