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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.25p +0.83% 30.25p 29.50p 31.00p 30.25p 27.75p 30.00p 397,451 14:55:08
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 64.1 5.5 2.9 11.6 34.41

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Date Time Title Posts
24/9/201716:03One of the largest developing gold properties in Eur or Asia9,211
18/9/201711:21Anglo Asian Mining - Seriously Undervalued8,213
09/11/201610:32ANGLO ASIAN MINING (AAZ): CHART AND DISCUSSION THREAD11,379
12/5/201607:54test2
20/9/201017:01Anglo Asian with Charts & News2

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DateSubject
24/9/2017
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 30p.
Anglo Asian Mining has a 4 week average price of 25p and a 12 week average price of 17p.
The 1 year high share price is 34.88p while the 1 year low share price is currently 15.13p.
There are currently 113,761,024 shares in issue and the average daily traded volume is 333,526 shares. The market capitalisation of Anglo Asian Mining is £34,412,709.76.
22/9/2017
12:29
2sporrans: Following on from above..... Forward thinking by AAZ and investors alike will be firstmost focused on the emerging prospects for the Main Pit + Gadir over the coming weeks. As the latest Presentation states, big and bold: "Mining from the main open pit and Gadir was temporarily reduced. Exploration, ore zone definition and production optimisation to be carried out till end 2017. DRILLING ONGOING IN PIT AND GADIR – TUNNEL BETWEEN PIT AND GADIR ALMOST COMPLETE AND MINERALISATION INTERSECTED" Effectively we are now upon the cusp of a new beginning for what has been AAZ's mainstay production asset over the years. So, if the newsflow from this isn't price moving, what will be? As for selling and buying shares, though I can understand folk having traded these and taking some profit, it's a decidedly odd juncture for investors to be selling out. Why were you invested in the first place? Accepted, there may be a lot less gold/copper in the main pit [I think Gadir is effectively being subsumed within it from here] than hoped for and 100k+oz/pa GE production not achieved. Not AAZ's expectation by what they say but fair to entertain the scenario. Yet, look at the risk-reward situation in the context of a share price that values AAZ at $30-35mn. Not exactly a bonanza priced in there. Could make a case that Ugur + the stockpiles alone are worth more than that. Even allowing for the debt, which is being comfortably managed and paid down, the risk-reward prospect here looks very good for a small precious metal producer. I think one of the less discussed boons of Ugur production here is the flexibility it + the large stockpiles bring to AAZ in terms of any expansion plans they do commit to. They don't need to gamble on committing to a rushed/rapid CAPEX expenditure upon plant capacity expansion; they can wait until they have full confidence in the main pit resource justifying such expenditure while Ugur + stockpiles + whatever they want to extract out of Gosha and the main pit/Gadir pay for everything ongoing, including exploration and most or all of the remaining debt repayment. So, not a hugely risky situation imho.
15/9/2017
17:43
mattjos: well, a good end to the week and not too many folk cashing up for beer money at the weekend. What was sold, looks to have been taken on by buyers. Great to welcome several new investors over the course of the last two weeks .. welcome to all. It's been a very long time coming but, since Bashirov finally coughed up the rump of his stock nearly two years ago, the share price has been on a rising trajectory. The company has far from stood still!! Pretty much ever since the first gold pour at Gedabek, which gave them that first precious cash-flow, the whole team & operation has continued to grow in size, capacity, ability, knowledge & experience. The recent Monhemius, Hedjazi & Saeedi Ali report is also clearly indicative of the inventiveness & diligence that is present in the company. No matter what the ore complexity encountered, the team have found a way to create & optimise processing to keep on battling costs down and target higher production. We remain a totally unique investment opportunity in the region & just now on the cusp of moving to the 100k oz bracket .. rapidly growing financial metrics aside, that 100k oz figure itself helps promote the perceived scale and maturity of the business. The wind is clearly in company's sails & it is very well earned. (Come on share price Angel chap. Pull your finger out, see this for what it is & write it up accordingly). Good weekend all
31/8/2017
14:34
jbravo2: :) Private? No, I don't think so. As you say, if he was going to do that he'd have done it at 4p. Certainly his objective was to create a mid tier mining company. It's no secret, it's in all the documents you care to look at. For that he needed a listed company. So is it still his aim? Maybe, maybe not. It all hinges on AzerGold for me. Can mid-tier still be achieved? Clearly first mover advantage in Azerbaijan is only valuable if AAZ are going to get an "in" on more properties than they currently have rights to. Whilst Gedabek is big, they need more than that to be mid tier. The AIMROC companies couldn't be bid for by AAZ as there was too much murky stuff about ownership and unsold product. I'm sure I don't need to spell it out. So AzerGold was created to buy AIMROC. Now what is AzerGold's next move? Do they operate their own stuff? Do they operate some of the sites? Do they look for help with some ore they currently can't treat? Do they simply pass everything on to firms like AAZ? This still isn't clear. They are not producing from Chovdar yet. They've at least managed to sell the products they got from AIMROC. They're getting the site ready for production certainly. What sort of production? Just heap leach like before? Do they have any sulphide ore? Do they have copper? In short, if they're going to go it alone and produce from all their own sites then they may want to buy AAZ for the plant. For the scale. For the knowledge. Do some digging around on LinkedIn, they have quite a few employees. I've talked about this with matt a bit and as he rightly pointed out to me... this may just be a mindset thing i.e. ex Russia, bureaucracy etc but it's a lot to support off 40koz/yr. But its a state company perhaps its resigned to losing money for a few years? For me, if they don't want us I'm not sure anyone else would. So what if we are left to go it alone? Then, for me, the case is for maximising Gedabek (which has undoubtedly started anyway) and we start to look for opportunities in other countries too. Even on this alone we are underpriced, this is the joy of this share. Even with the worst scenario I can come up with, the share price will be heading higher. But with the better scenarios then things are really going to fly here. We'll know soon enough I guess. Either way, the share price is certainly only heading up a lot over the next year as debt evaporates.
28/8/2017
17:40
2sporrans: Jeanesy If the AAZ price moves up Tuesday, you will doubtless then ascribe this largely to the POG [given it stays up or makes a few more $]. I won't; I'm expecting the rise on Friday to be followed on by more regardless of the POG this week coming, Tuesday onwards. Seems to me the brokers are still holding a fair quantity [largely what they bought for 17.7p when the directors dumped their option sales] and drip feeding them into a growing demand, driven mainly by growing realisation AAZ is exceptionally cheap for comfortably profitable producer with non prohibitive risk and perception will likely expand reserves+production substantially 2018,19,20.... . Could be a few fringe PI buyers will bite for AAZ on a even a modest POG breakout, as you say; gobble up small offerings from the mm and boost the rise significantly. Also, doubt AAZ's copper production + potential are well known / priced in.
13/6/2017
09:26
2sporrans: AAZ price has been relatively stable since the Strategy Update of 8 May. Guess everyone is awaiting resource updates. Not bothered that gold rose from ~$1220/oz to $1290+ max. over the duration and AAZ price ~flat. For one thing, the $30/oz drop since the peak 5 days ago was actually accompanied by a small rise in the sp; i.e. AAZ insensitive to short term POG movements. For another, it simply means the gold produced has been for a higher profit than otherwise. As that production [and for copper/silver] is in great main from stockpiles, should be reasonably in line with AAZ target. Production and POG are very much back seat now and resource update [Incld. Ugur and exploration news] the driver here. Apologies for pointing out the obvious.
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? :-)
14/9/2016
10:12
2sporrans: Came across to me that there is a tendency for inverse relationship wrt gold and copper grades; hence when gold production dips, copper often rises. Further that when get the 2nd SAG mill running can have 2 feeds: A gold rich + low copper one [reduced cyanide to process] and a copper rich + low gold one where put through processing in different order, maybe emphasis on flotation? Over all this will lead to yet further cost reduction. Could it even be that the recent dip in gold production was in part down to holding back some of the ore until the 2nd SAG mill was operational [August] to maximise the 2 feed stream operation and its benefits? Whatever, it's hard to swallow that the AAZ share price should now be so sensitive to minor fluctuations in the POG. Operating margin at even $1150/oz is ~$600/oz; think that's excluding the copper/silver by-products revenue.
01/7/2016
12:13
mattjos: zhockey, why exactly? There is absolutely no issues for the next 5+ years production from Gedabek. I guess you either agree & believe that gold & silver are heading so much, much higher or you don't. For me there is absolutely no doubts. The higher PM's go, the higher AAZ share price will go. The higher PM's go, the more keen the Az government will be to get Chovdar (at least) into production as fast as possible and contributing to the state. It is sheer lunacy to have a 'good to go' gold mine at Chovdar sat there with over $200m invested on it .. doing nothing! Don't forget, as gold increases in value, it is also reflecting the state of the global economy. As that deteriorates, Az economy likely to deteriorate at a faster rate than others simply because they have not diversified it away from oil fast enough.
26/1/2016
17:00
captain_crash_and_burn: Yep AAZ share price action is counterintuitive to what is actually happening, that being said I am too wary of doubling up on AIM shares!
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