Share Name Share Symbol Market Type Share ISIN Share Description
Anglo Asian Mining LSE:AAZ London Ordinary Share GB00B0C18177 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  +5.00p +9.26% 59.00p 1,546,946 16:35:05
Bid Price Offer Price High Price Low Price Open Price
59.00p 61.00p 61.50p 54.50p 56.50p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 53.16 4.21 1.65 34.8 67.4

Anglo Asian (AAZ) Latest News (5)

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16:10:3759.007,8014,602.59O
15:53:0157.635129.39O
15:35:3959.0010,0005,900.00O
15:35:0559.0050,00029,500.00UT
15:29:5359.119,7795,780.47O
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Anglo Asian (AAZ) Top Chat Posts

DateSubject
19/9/2018
09:20
Anglo Asian Daily Update: Anglo Asian Mining is listed in the Mining sector of the London Stock Exchange with ticker AAZ. The last closing price for Anglo Asian was 54p.
Anglo Asian Mining has a 4 week average price of 41.20p and a 12 week average price of 37.50p.
The 1 year high share price is 61.50p while the 1 year low share price is currently 26.50p.
There are currently 114,317,024 shares in issue and the average daily traded volume is 922,104 shares. The market capitalisation of Anglo Asian Mining is £67,447,044.16.
17/9/2018
16:15
terropol: CRAZYCOOPS, Can you please stop calling the Brokers....They are doing a good and correct job. Here it is for your info. Anglo Asian Mining* (AAZ LN) – Earnings/valuation update and site visit notes 45p (last Friday close), Mkt Cap £51m BUY – 84p (from 77p) CLICK FOR PDF We provide updated earnings and production estimates along with notes from our latest site visit to Gedabek operations in western Azerbaijan. The Company hosted a site visit to its flagship Gedabek gold/copper production facilities this summer outlining the amount of work completed to date to establish a robust base for sustainable operation and highlighting expansion potential within a portfolio of 1,926km2 of wholly owned highly prospective licenses in Azerbaijan. Gold/copper production is set to grow to 70koz/2.3kt (+17%/16%) and 83koz/4.1kt (+19%/75%) in 2018 and 2019 on our estimates, respectively, now that second crusher is in place and in operation. Operations benefit from a low cost jurisdiction with the plant drawing power from the national grid and Ugur oxide ores blend offering spectacular cost savings on mining, milling and reagents; additionally, a number of operational improvements identified and implemented including in-pit blasting, mine-site logistics and maintenance works contribute to the bottom AISC quartile status of operations; AISC18 and AISC19 are estimated at $530/oz and $547/oz (incl PSA) v $604/oz in 2017 on stronger production rates and driving robust 42/41% EBITDA margins; Underground development lays the infrastructure to accelerate exploration works with both Gadir and Gedabek orebodies offering resource expansion potential. On the exploration front, good news flow is expected through the rest of the year including a resources/reserves update at the Gedabek open pit (September), resources/reserves review at the Ugur open pit (YE18), maiden resources/reserves at Gadir underground (YE18), drilling results from a 40,000m FY18 exploration programme testing extensions of existing orebodies as well as new targets which potentially could be a part of one big system, airborne geophysics study over the 300km2 Gedabek license and exploration programme results from the 462km2 Ordubad license where a research group specialising in copper porphyry systems are due to arrive later this year and help with the data collection/interpretation. Forecast strong FCFs (FY18/19e: $31m/$27m) with the balance sheet having already been declared net debt free (as of Sep/18) setting the scene for maiden dividend programme as well as providing capital to grow the business both organically (FY18/20 exploration budget is a multiple of previous years) as well as through potential value accretive acquisitions. At 45 per share Anglo Asian trades at a 46-47% discount to our NPV(8%DR) estimates and market valuation multiples of 83p and 85p, respectively. Given production growth forecasts, strong FCF generation profile, to be shortly announced dividend programme as well as exciting exploration potential, we believe current share price offers good entry opportunity and reiterate our BUY recommendation with an 84p target price (up from 77p). (Dec year end) 2014 2015 2016 2017 2018E 2019E 2020E Gold price US$/oz 1,267 1,161 1,253 1,261 1,276 1,300 1,350 Copper price $/t 6,828 5,505 4,872 6,196 6,804 7,000 7,500 Gold production koz 60.3 72.0 65.4 59.6 70.0 83.0 79.1 Copper production kt 0.8 1.0 1.9 2.0 2.3 4.1 4.1 GE production koz 65.0 77.0 75.2 71.6 84.9 107.7 104.3 AISC (incl PSA, reported) US$/oz 1,050 858 616 604 530 547 550 Revenue US$m 68.0 78.1 79.2 71.8 90.9 118.4 119.2 EBITDA US$m 10.1 18.7 33.7 32.0 38.5 48.9 49.0 FCF US$m -6.9 3.4 14.6 16.3 31.0 26.8 29.4 EV/EBITDA x 7.7 3.1 1.7 1.7 1.8 1.4 1.4 PER x - - 5.5 13.9 10.0 7.1 4.8 Net Debt US$m 52.4 49.0 34.6 18.1 -12.9 -39.7 -69.2 Source: share price Angel, Company (AAZ price of 45p used for multiples in the table) *SP Angel act as Nomad and broker to Anglo Asian Mining Analysts Sergey Raevskiy – 0203 470 0474
17/9/2018
15:58
bozzy_s: Online sell limit 75,000 shares @ 49.3p That's the best I've ever seen from AAZ. Happy days :) Bring on Wednesday and a 6-month net profit of around £10m. Q3 trading update which should show a slight increase in production from H1. A first ever dividend. And hopefully on course for £20m net profit for 2018. Trading on a P/E of under 3. Yielding somewhere between 4% and 8% at today's purchase price - we'll find out soon. Backed by top-spec equipment, cash on the balance sheet, little or no debt, a tailings pile worth ~20p per share. Every message board on ADVFN has holders predicting a life-changing target share price. In the case of AAZ targets of £1.50, £2, £2.50 are backed up by tangible assets, long-running profitability, and the discovery of new gold. 90g/t is absolutely ridiculous. Small cap explorers seem to jump by 20% 30% 50% even 100% when they discover new gold at 1 or 2 g/t. I had intended to trade the AAZ I bought recently (42p-43p), selling on Wednesday when the price spikes. However I have reassessed after today's news. This is bigger than the maiden dividend. This is bigger than moving from net debt to net cash. This is the number one thing on most people's lists of potential catalysts to lift AAZ's market valuation. Happy happy days. And real congratulations to Mattjos and others who held tight from 5p. Hope I'm as restrained if/when we multi-bag from here! This is the 3rd potential life-changing stock I've held. I made the mistake of selling early OCZ Technology (bought 5p, sold 10p the next week, listed on NASDAQ and went to $9.50, equal to 605p, 2 years later. Then went bust, now worth zero). And LOQ, bought at ~30p, sold at ~50p, now 9 years on they're 2830p renamed as ACSO. Hoping it's 3rd time lucky with AAZ :)
16/8/2018
09:44
wanobi: many thanx ilostthelot, no, not yet, when I came across AAZ I didn't want to dive in without learning a lot more about the AIM, ADVFN, Charts, trades page and doing some research into AAZ... Since then, the share price has kept falling... I have to say the threads from yazX and Mattjos (in particular) seem full of very knowledgable intelligent people which when compared to elsewhere I've looked seems pretty unique to me so far. Using the chart to decide when to buy looks sensible, but now it's fallen through the 200DMA I believe I should wait for a while before buying. I realise catching the bottom or the top is most improbable but I should look to see the price rise before buying even though I'll pay more as the probability then will be a further rise rather than fall (so I've been reading).. As for the influence of the general state of the world, the markets, Trump, Turkey, the $, Gold/silver prices, oil, political, location of AAZ mine, possible take over (as highlighted on the other thread),,, I don't think anyone could possible work that lot out with any degree of confidence etc.. Large forced seller - from what I see needed to get out for whatever reason and this drove the price down to 4p... great for those that spotted this at the time and bought in at those levels... it would be fantastic to find such a situation again I guess. Valuation, whilst I agree this should be reflected in the share price I also saw an old saying the other day,, something like "the market can remain irrational longer than you can stay in the market" or some such blurb.. I suppose also, as investors that's the game, we are buying in the hope that the market has it wrong/undervalued and this one day will be spotted by more and more investors like me who'll then buy in and push up the price to true valuation etc.. It does concern me though, that the very people who got in at 4,5,6,7,8,9p and now have significantly valuable holdings will need to get out at some point to realize their gains and why could they not be doing so now whilst championing AAZ on the BB's so that people like me take to stock from them... Then that's the game I suppose, as you say I need to reach my own conclusions, especially about the valuation and decide to buy or not.. (Please do not take this the wrong way, I'm not pointing any fingers at anyone, they all seem like genuine bulls at this moment for AAZ) I think I will buy some though at some point and in the meantime ask anyone if they have seen any other similar situation to this whereby I can get a 10x return because of a forced seller etc... Sorry for rambling on, but hopefully I've written this without asking any questions; however, if you want to reply it will be most appreciated by me, thanx, W
17/7/2018
12:51
bozzy_s: Thanks for the share price Angel note Mattjos. So they're forecasting net cash $44.2m in 2020. And they seem to have been conservative in their past forecasts. With today's figures I'm now hoping for a maiden divi above 2p per share. It's great having management with a significant, but not dictatorial, shareholding. In terms of getting AAZ properly valued by the market, it'll happen in time. It's had a great run over the past 12-18 months. Currently up around 300% from low point in 2017. Seriously, no-one can complain about that. The market is fully aware of AAZ and is in the process of getting to a fair valuation. Profit taking will clearly happen and who can blame them? I wouldn't jump on M.R.F for suggesting a move to a different exchange might help things. It's a perfectly valid argument. It's not like anything we say on here will affect that decision. Please forgive this slightly off-topic. My personal experience, one of my previous potentially life-changing shares OCZ announced their intention to quit London and move to Nasdaq. Their shares were priced at 5p on AIM. I bought a few, and sold the next week for around 10p, just before delisting in 2009. I didn't want to hold unlisted stock. I should've read the announcement more carefully. Yes they were delisting, hence the initial plunge in share price. But the clue was seeking a US listing. Within a year they were on Nasdaq and opened at $4 a share (around 250p). Some initial profit-taking down to $2, then a rally up to and beyond $10. In 2 years they were a 150 bagger. My original £1500, which became £3000 in a week, could've become nearly £1/4 million in 2 years if I'd had patience, I'd read the announcement more carefully, and was willing to take a bigger risk by holding unlisted stock. So if AAZ ever announce an intention to list elsewhere to improve market valuation, I'll be strongly in favour and will be buying stock while others sell. I put AAZ in the 'potentially life-changing' category. Buying at 50p now and hoping for 5p+ dividend pa from 2020 for 10%+ pa returns. Plus capital gain. And hopefully that's a modest target.
10/7/2018
22:55
mattjos: The recent share price Angel note alluded to a 2p/share dividend.We all know that share price Angel have been under significant shareholder pressure to get ahead of the valuation curve with regards their tardy coverage on the company & so, I think it is reasonable to assume that a 2p dividend figure was not randomly plucked out of the air. It would have been arrived it after consultation with the Directors of the company.If we assume the share price trends up towards the 80p level in the coming 12 months, at that price it will yield 2.5%, on a historical basis. We might reasonably assume the 2019 dividend will be more than 2p/share so, the prospective yield would then be more than 2.5%.As things stand, Gedabek, Gadir & Ugur will still all be productive assets .. & we'll be half way through a self-funded $8m exploration programme ... there is plenty, plenty more to come here beyond the 80p hurdle, imo.
28/6/2018
12:07
friendzarin: On May 3rd Bill promoted a good new company presentation when the share price was c42p and the gold price c$1311. This was followed up by final results on May 24 which were quite explicit around the positive performance and outlook and was at a time where the share price had been c 52.5p intra day only a couple of days previous with the gold price at c$1290. There followed the Value the markets piece by Daniel Flynn which was solid promotion on May 24th and the share price Angel flash note on June 21 which emphasised the dividend potential and a buy recommendation with a T P of 72p. We now stand with a share price roughly where it was on May 3rd and with gold c$1250. Be interesting tomorrow to see what perceptions the company and its advisors have on the drivers behind AAZ's share price over the last month or so and their perceptions on 'fair value'.
12/6/2018
20:17
thechurch333: My first post on this BB. Firstly I want to say, quite sincerely, that the overall quality of the comments posted here is excellent and extremely helpful for new investors. I've spent the last few weeks building an understanding of AAZ and have used the recent gyrations in the share price to build a decent position. There is absolutely nothing I can say here that will add anything to the sum of knowledge about the company and its prospects, so I wont bother trying. However, I do hopefully have something to add. I was a professional UK equity fund manager for 25 years, working for a couple of major institutions. After a break from investing to do other things I have come back to investing with a renewed appetite to make money, but this time purely as a private investor. There has been a lot of talk recently about share price Angel,the lack of institutional shareholders etc. I offer the following perspective. Most institutional investors are not going to go anywhere near AAZ. A single asset gold mine in a "dodgy" country? No thanks! The market cap and lack of liquidity in the shares are further significant impediments to investing. Of those few that will get beyond these stumbling blocks, most will simply not have the time resources to invest in getting to properly understand this investment. Small cap fund managers are very busy people (the average small cap fund manager probably meets a dozen companies a week), they get little in-house analytical support and are hugely reliant on their brokers to feed them research/new ideas. They base a lot of decisions on the ideas fed to them by their trusted brokers and the "feel" they get from meeting company management. The role of the broker is therefore quite important in raising the profile of a company, putting management in front of new investors and telling a positive story in their research. I agree entirely with the post from Mattjos above. share price Angel do not yet feel confident enough to promote this company strongly. Why? Because in my opinion the investment case has one fundamental piece missing - the mine life. We all know that the near term cash flows are going to look fantastic, but if they are only going to last a short number of years it is difficult to get too excited. This brings me to why I have invested. I think, and I know most if not all of you agree, that the company will at some point announce a significant increase in resources that will extend the life of the mining assets for several years. I really do believe this is what share price Angel are waiting for - and quite rightly so. The real upside to this share is in extending the mine life. Don't get me wrong, the dividend is great news also, and I'm sure the results will also make people sit up and listen, but I'm more excited about what the $6m exploration spend is going to throw up. In my opinion the early "institutional" buyers of this stock will be hedge funds. Typically they are a lot smarter, do their own research and run higher conviction portfolios. I would be surprised if AAZ is not already on a few radar screens. I know of one in particular who will be all over AAZ! Hopefully I have added something to the debate. Thanks again for your really helpful posts.
11/6/2018
11:22
catsick: I think the beafort situation is zero relevance to AAZ , it is infuriating to see what PWC have done but to think that any weaknesses in the aaz share price is due to this is delusional. The driver of the price action will be news of exploration and results of mining over the longer term. Getting hung up on beafort is irrelevant.
18/3/2018
07:20
joey wilson: Bleepy you are confusing my statement of a share price below expectation with the virtues of a good business.Aaz has always been valued on the low side. 38.5p in March 2018. Who expected that ??? And after the release of the BIG news that was going to send the share price to a new re-rating level.I realise the fundamentals of a great business and yet the share price remains undervalued.The share price will not move until everyone gets proof of resource. Unfortunately that was not forthcoming in the last release and all we got was a statement of fact.I do believe Aaz is undervalued but it always has been. Do you think the Profit Sharing Agreement has a baring on the share price value because I believe this share price has always been valued on the LOW side. And still remains so.....
27/9/2017
10:59
2sporrans: Thanks for the insights about Bashirov Matt. Your case for him being a forced seller is very strong and his sell out of his very large holding C2012-13, protracted until back end of 2015 must have pushed the share price to lows it would not otherwise have fathomed. The 4p floor, bumped along throughout 2015 and a bit beyond, was a derisory price; one commensurate with a probable bankruptcy prospect. Having said, there was a staggering loss in confidence about the prospects for the POG over 2011-16 and the general appetite for small gold miners atrophied accordingly. What we witnessed was the bursting of a bubble; an implosion of investor belief that many small precious metals explorers/miners might even survive a further fall in the POG - say to under $1,000/oz average over the next year or 3. Especially so to the extent particular miners were carrying a heavy debt burden, which AAZ had been since 2013. Yes, I know this is bog basics but methinks it does explain the great majority of why the AAZ price fell so far down from a high that, in retrospect, reflected some of the quite awesome hubris wrt the then anticipated trajectory of the POG and other PM for which smaller miners were a highly geared play. The AAZ debt burden was due to a massive investment in greatly expanded plant, just when the bull market in gold etc was dying away, rather than merely correcting as many had supposed. Didn't the original AL plant [2013] cost ~$50-mn [or was it £50-mn?]? Net debt in mid 2013 was ~$46-mn and grew to over $50-mn through 2014-15 as additional plant enhancements were necessitated, outweighing the debt paydown. This exacerbated the sell off for sure. I sold out 90+% of what I held when AAZ announced they were going ahead with the 2013 plant expansion. In blissful contrast, what we enjoy now is the situation where AAZ have paid down about 50% of their peak debt [if exclude Reza's $4mn loan] and are set to comfortably pay down as much of the remainder as they see fit. Though GE production had waned a little, it is now set to increase again and the resource picture has been rapidly improving. AISC is $564/oz H1 and falling. Plus the POG [+POC] have recovered quite robustly, building a fat margin. The plant expansion [+infrastructure] now looks like a smart long term growth and productivity investment by AAZ; debt default fears have pretty much abated. Back in early 2016 it still looked, to most, rather like a lead lifebelt. Likewise taking on Steven Westhead is clearly paying off, both in resource exploration/development and extraction productivity. 60p for the AAZ sp? Within say a year? Why not indeed. But it's quite a different AAZ to that of 2011-12. For a given POG, it's surely worth more than back then when it was reliant upon easily extractable gold oxide ores and heap leaching for its high margin production. Now it can do same for copper rich sulphide ores, which are prevalent as the workings head deeper and an abundance of which is currently emerging. The low AISC for AAZ distinguishes it from so many of its peers. The business model remains attractive for POG at $1200/oz and even lower. How many small producers can honestly claim that? The copper offers additional revenue stream subject to entirely different price determinants. This diversity increases security of cashflow and the % of production that will be copper is set to grow further with long term prospects for the metal buoyant.
Anglo Asian share price data is direct from the London Stock Exchange
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