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
  +4.00p +5.26% 80.00p 295,831 16:04:45
Bid Price Offer Price High Price Low Price Open Price
79.00p 81.00p 81.00p 76.00p 76.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 53.16 4.21 1.65 46.0 91.5

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Date Time Title Posts
19/11/201822:08One of the largest developing gold properties in Eur or Asia17,486
19/11/201821:45Wanobi & AAZ1,655
23/10/201806:47AAZ Undervalued or simply too good to be true?219
22/1/201814:19Anglo Asian Mining - Seriously Undervalued8,222

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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 76p.
Anglo Asian Mining has a 4 week average price of 66p and a 12 week average price of 41.20p.
The 1 year high share price is 81p while the 1 year low share price is currently 28p.
There are currently 114,392,024 shares in issue and the average daily traded volume is 301,618 shares. The market capitalisation of Anglo Asian Mining is £91,513,619.20.
bozzy_s: Brasso3 re 17214, as the share price looks like hitting share price Angel's 84p today/tomorrow they'll surely issue a new note and massively upgraded target by then? They ABSOLUTELY HAVE TO if they want AAZ's business in the future!! Thanks again for the pics, vids and commentary Matt and JBravo. Very positive times ahead. Mad Foetus talks of possible acquisitions with the rest of the cashflow; looking at how much undiscovered and undeveloped resource AAZ have, I'd imagine investment in more plant and equipment on the existing site would come first. Seems they're only scratching the surface at the moment. They really could be sat on a multi-billion dollar resource. Looking forward to 84p and share price Angel's upgrade on dividend day :)
mad foetus: I really hope the wife doesn't come home to find me with one eye on the cricket and the other on the AAZ share price
joey wilson: The trend for HUM over the last 12 months is DOWN. The trend for AAZ over the last 12 months is UP. I will be amazed if AAZ falls lower than 66p. Hopefully this doesnt happen. Like other people have already mentioned there will be further reinvestment of dividends come 8th November so can only see a further rise.But as always the share price never seems to achieve the highs people talk about. However I would rather be invested here than anywhere else. I will have funds soon to invest from the sale of a house. If this happens, it will be going into AAZ at these prices purely for the annual dividend here. SSE currently giving 8% but without the capital growth that is expected from AAZ share price. Keep the faith, AGREEDJW
bozzy_s: Thanks for those links Wanobi. I'll eat humble pie and apologise for suggesting you were a disrupter / time-waster. I don't know as much as most of the guys on Mattjos's thread, but I'm happy to try and answer any questions you have. I was thinking about how much the AAZ directors get paid, given the low overall admin expenses. To find this I looked up the 2017 full year results (if you post a link on here, need to put capital TT in the hTTp bit to work): hTTp:// So it was ~£730k for the whole board last year, with Reza Vaziri making the most at ~£500k . That compares favourably with many AIM listed stocks. Couple of examples where I've invested in the past / currently invested; BISI is a small £10m company where the board pay themselves £1.63m, including the boss who gets £898k. TND is a tiny £5m company with the board of directors costing £787k. RTC even smaller at £4.7m market cap, directors earning £799k. We've got a gem in AAZ. It looks like Reza works hard to become rich, by increasing the share price and thereby his personal wealth. Many, if not most, bosses of AIM companies do a BISI, TND and RTC - get rich via salaries / fees, often literally paid by shareholders via fundraisings. AAZ doesn't do that. We saw AAZ being tipped by Shareprophets on Friday, following on from the pre-results Daily Mail (Midas) tip. I expect we'll see further positive coverage this autumn as the dividend actually gets paid. That would significantly derisk the company for potential institutional investors. As everyone on these BBs knows, AAZ is cheap by all measures. It's very rare to have unanimously positive posters as we have here. AAZ is cheap vs its forecast dividend. It's cheap vs annual earnings / cashflow. It's cheap vs assets on balance sheet. It's cheap vs resources in ground. It's cheap vs peers. It could climb 20% and still be cheap on all fronts. I actually want someone to pop up with a valid bear argument. There's the risk of confirmation bias if everyone's bullish (i.e one person buying and sounding positive causes others to buy based on that alone). All I've got as potential negatives are risk of Azeri government stealing our assets / revoking our mining licence - as has happened in other countries to other London plcs. Risk of Russian interference in the country. Risk of a falling gold price affecting our profitability and therefore dividend payment, causing short-term weakness in share price. Can anyone do better with bearish points?
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
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
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'.
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.
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.
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.....
Anglo Asian share price data is direct from the London Stock Exchange
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