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
  -2.00p -4.21% 45.50p 142,698 09:05:18
Bid Price Offer Price High Price Low Price Open Price
45.00p 46.00p 47.50p 45.50p 47.50p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 53.16 4.21 1.65 27.0 52.0

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DateSubject
18/7/2018
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 47.50p.
Anglo Asian Mining has a 4 week average price of 39.75p and a 12 week average price of 39.50p.
The 1 year high share price is 54p while the 1 year low share price is currently 17p.
There are currently 114,181,024 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Anglo Asian Mining is £51,952,365.92.
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'.
21/6/2018
09:09
mattjos: new coverage out this am from share price Angel with 72p Price Target. MINING FLASH NOTE Anglo Asian Mining* (AAZ LN) 44p, Mkt cap £50m - On course for a maiden dividend BUY, Target price 72p • Anglo Asian Mining has recently announced the intention to set a dividend plan which reflects current strong FCF generation at Gedabek operations and also signals management confidence in the production performance outlook. We have updated our earnings and CF estimates covering why we think the Company has ample capacity to accommodate a dividend programme while offering further valuation upside when compared to peers; • Flexible processing facilities in place including tank leaching, flotation, SART and heap leaching, with the benefit of catering for various types of ores sourced from open pit and underground operations over the production license; • Good infrastructure on site including access to regional power grid, roads connecting the mines of Gedabek, Gadir and Ugur, improved water availability, expanded waste dam capacity and productive local labour all improve sustainability of low cost operations; • Experienced management with established relations with local communities; • Exploration potential remains with Gedabek orebody having yet not been delineated, adjacent Gadir extending down dip with the latest drill core returning wide high grade intersections as well as a number of regional prospective targets warranting follow-up exploration work. The Company is spending $16m over 2018-2020 on a comprehensive exploration programme to leverage off established processing infrastructure; • 9-17% production growth forecast in FY18 based on management guidance for 78-84koz GE (2017: 71koz GE) followed by a further increase in FY19 (SPAe: 96koz GE) led by stronger production from the flotation circuit; • AISC for 2018 (inc. PSA) $681/oz is in the bottom quartile among gold producers allowing to earn $36m in EBITDA in FY18 and, with capital investments in processing and supporting infrastructure now behind, to generate $23m in levered FCF, equivalent to 33% FCF yield on the current share price of 45.5p. • Strong balance sheet with Net Debt rapidly coming down and standing at $10.4m as of Q1/18 (ND/EBITDA18 0.3x) versus $18.1m as of YE17. • The Company is forecast to be Net Cash positive by year end, generate nearly its current market cap in the next three years ($62m) and its enterprise value in four ($80m) driven by low operating costs, strong output and robust commodity prices; • We value AAZ on an EV/EBITDA basis using multiples for comparable junior/medium sized producers arriving at target EV and NAV of $125m and $115m, respectively; this implies a BUY recommendation with a 72p target price
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.
11/2/2017
16:33
mattjos: jeansey ... you still come across as such a nervy holder who can only see the downside unless, the AAZ share price is racing away every day. The Manat has strengthened as a consequence of recent $ weakness and perhaps oil strength. That is more than offset by the strength in pog. We can do nothing about the weather .. sometimes it is our friend and sometimes our enemy. Equally, the grades fluctuate & we cannot realistically influence that either ... simply determine the optimum processing route for the ore according to what is dug up. In two weeks time we should have paid off another $2.5m from the o/s debt (7% of the principal) and that is more relevant. Anyway, well done the Micks against Italy. Now for England v Wales :-)
28/10/2016
20:08
mattjos: According to jeanesy:- Trump has no chance of winning- gold can't hold $1,270- AAZ will miss annual production target- AAZ share price will go downStill sure jeanesy? :-)
Anglo Asian share price data is direct from the London Stock Exchange
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