Anglo Asian Mining Share Discussion Threads

[csmwssk12hu] 25/10/2016 08:08

Just ticked higher again, 34 by Wednesday / Thursday this week ?

[csmwssk12hu] 25/10/2016 08:05

I'm sure it's on long term chart at 1.25 also

[csmwssk12hu] 25/10/2016 08:03

Same start as yesterday are we going to get another 16% today?

[jeanesy] 25/10/2016 08:02

Nice start.. and were off !

[cannonfodd3r] 25/10/2016 07:36

Matt, you mention a price of £1.25 per share in 2005, think you might have that mixed up, don't recall it ever being that high especially not back in 2005. Recall it hitting mid 70's to 80's in 2010 time as a high point

[mattjos] 24/10/2016 21:24

yasX .. not attacking you in any way. I know you to be a sensible and intelligent chap so, welcome the debate

When the principle owns such a large part of the company, one has to consider what are his motivations for offering up his own money to support the business rather than tapping the equity market. After all, the main purpose of the junior market is to raise equity finance.

Other than the IPO funding and a small equity issuance to sub-contractors in 09 (in lieu of cash payment), Mr. Vaziri has vigorously resisted equity issuance .. aka, he has played the long game.

Yes, he may be a pure philanthropist .. interested only in providing indigenous employment, the enrichment of the Az central bank gold reserves & furthering USA/AZ relations but, he does have a proven track record as a successful entrepreneur & so one is bound to ask; "Since Mr. Vaziri so very clearly values the equity in the business, how/when might he be willing to realise that value?" (if only as a consequence of advancing years)
As I understand it, his wife & family are predominantly resident in the USA. Hardly a wholly-desirable situation for one in his mid-60's.
(Although he did appear pretty chipper and motivated at the AGM).

I believe his desires are closely aligned with that of the investor in the company .. either a trade sale at some point and/or a long term dividend stream.

[terropol] 24/10/2016 21:21

Well well, the game is hotting up...
Now let`s keep it going......................
;-)

[yasx] 24/10/2016 21:15

Mattjos,

I am not attempting to make a comparative evaluation on metrics generally, merely the specific point to which you allude. I suppose it was to highlight that most AIM resource outfits raise cash to justify exploration spend (that hardly ever leads to anything being mined) but deliver nothing but failure.

A substantial holding by a CEO is a rarity with tiddlers, and is indicative of alignment of interests, save when the holding becomes a majority and controlling one, in which case it is not agreeable for obvious reasons.

As previously indicated, I like AAZ, but, took the trade rather than remaining invested. If I am wrong, so be it. If I am not, I will buy it again. It might be that if gold moves higher I have to pay more. But, I have sufficient gold exposure in my portfolio so am not overly concerned.

Regards

[mattjos] 24/10/2016 21:06

yasX ... yes, I fully appreciate that but, are you able to point at even one other listed Gold miner on AIM where the CEO has not only 30% of the equity but, also offers up his own money (& waives his salary) on two separate occasions to support the company rather than dilute the equity?

If you are to try and make a comparison then, I think it fair to compare apples with apples

[mattjos] 24/10/2016 21:03

so, lets say that exploration proves up another 1,000,000oz of Gold at Gedabek (& that could prove in the long term to be a very conservative figure, particularly given the accompanying Silver & Copper in the Gedabek ore body & unproven potential for Zinc).

1,000,000 x ($1,200(pog)-$600(extraction costs) = US$600,000,000

Suddenly, a 'blue-sky' share price seems both achievable and extremely cheap for a paid-for, productive mine sat on top of the resource & still a huge acreage of other assets.

Basically, buying a dollar for 20c

[yasx] 24/10/2016 20:59

"So, a return to all time highs for the share price would still value the company at LESS THAN the total CAPEX to date."

Mattjos,

That comment would apply to virtually all gold juniors ever to list on AIM. It is staggering, but there we are.

[mattjos] 24/10/2016 20:47

looking a little further ahead. Highest printed price on the tape is August 23rd 2005 ... £1.26½

Based on number of shares in issue , that is a Mkt Cap now of £142.52m.

At current exchange rates, that is US$173.87m

At the AGM, the BOD advised the CAPEX to date totalled $190m ... add in bit more for the electric connection & evaporator plant & round it for arguments sake:

Total CAPEX invested in the company: $200m

So, a return to all time highs for the share price would still value the company at LESS THAN the total CAPEX to date.

[timberwolf3] 24/10/2016 20:45

Azergold still haven't got their website up and running yet, although interestingly they have chosen AAZ corporate colours and logo design bears some similarity to AAZ.

Lack of imagination, coincidence or something else .

[mattjos] 24/10/2016 20:32

Market Cap now over £25m. Still very stingy but, will surely now persuade at least one Insti to run their slide rule over the numbers here.

Higher the mkt cap goes, the more funds will be able to look at us on the basis of mkt cap meeting their minimum requirements. Greedy sods usually like to try and get in on an equity raising but, I cant see Mr. Vaziri doing that at this silly level.
(He's still got $3.9m of his own cash assigned to the company .... ok, he's receiving 10% on that sum but, that is no more than the other lenders are charging (less than some actually) & who is going to begrudge him that? He has likely had to put his house or other asset up as security to raise the cash so, will have his own costs on that sum).

Well done to all the long term investors who have held their nerve from the 4p level, thus far. The PSA remains greatly in our favour right now & still large carry-forward tax losses to insulate the company for a long time.

Bill should be on fine form when he stands up to speak ... whoever is fluffing the Proactive Investor event should be able to give him a terrific intro on the basis of TYD share price performance.

[philo124] 24/10/2016 19:23

Great day.

[pixi] 24/10/2016 18:22

Oh, my goodness! Look what has happened to AAZ - one of the most undervalued and cost effective gold miners on the planet. It has taken off like a rocket since I upped my stake! But don't think I'm selling, boys, because I have my eye on higher levels, as explained in my previous post on cup and handle formations. We are just in the foothills of the Himalayas and have a lot further to go to reach base camp before the climb up Everest.

[mattjos] 24/10/2016 17:52

Good post zhockey. The clues have been in the IPO docs for years. I'm pretty sure they would not have got hold of Stephen Westhead (given his CV) unless there was very significant near-term potential at Gedabek.

[jbravo2] 24/10/2016 17:14

Exactly. It could be huge. Really huge. And even "average" would do nicely.

[zhockey] 24/10/2016 17:13

Yep I'm much of the same view, have been waiting nearly 10 years for a serious exploration initiative and it looks like this has finally arrived. Not sure what other peers have such potential right now, the surface area of Ugur is huge and open at depth. I also believe based on the last rns that it sits roughly in between Gedebek and Bittibulag and what if they all join up?

[jbravo2] 24/10/2016 16:58

I'm sure it's at against some investing rule or other zhockey but I haven't got one price in mind.
It would depend on where we are at with the news stream and current situation.
I'm not selling at the moment full stop. That's right, not even at say 60p tomorrow. I want to wait to see what the developments of the resource sector are in Azerbaijan. It's a time of change there with AzerGold and I want to see what happens.

Now if that news comes out and we're not involved I'd sell some for 60p the day after. That's if its this quarter or so because we're not worth £65m at this moment, but again I wouldn't be selling at 25p because we are already worth more than that. But if that news comes out in a years time when debt is $10m then I wouldn't sell at 60p, because by then we would be worth £65m.

Then there is Ugur and I want to see how that develops.
Debt is disappearing fast now and resources should start to increase soon. The valuation of the company is changing quickly from month to month now.
All quite a balancing act isn't it?
The safe thing for now is we're easily worth more than todays paltry mkt cap and so it's all good for now.

Get my drift?

[csmwssk12hu] 24/10/2016 16:52

zhockey if your looking to takeover you can have mine for £10 each and a cup of tea.

[csmwssk12hu] 24/10/2016 16:51

Volume has picked up a bitin last two days but if we had a big volume day this would really go

[zhockey] 24/10/2016 16:48

Jbravo, what is your target exit price?

[csmwssk12hu] 24/10/2016 16:48

I haven't but if I did I wouldn't sell, this has potential to be a billion pound plus company yet it's sitting at £28m.

[jbravo2] 24/10/2016 16:40

No one has much it would seem.
They need another holder to throw in the towel. These piddly little sales aren't meeting the demand. Who's got 1m and is willing to help these buyers out?
Anyone?
At all?
C'mon people....

lol