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
  -1.00p -2.60% 37.50p 104,707 10:34:27
Bid Price Offer Price High Price Low Price Open Price
36.00p 39.00p 38.50p 36.50p 38.50p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 64.1 5.5 2.9 14.8 42.66

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Date Time Title Posts
20/3/201821:35One of the largest developing gold properties in Eur or Asia12,096
22/1/201814:19Anglo Asian Mining - Seriously Undervalued8,222
20/9/201016:01Anglo Asian with Charts & News2

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Anglo Asian (AAZ) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2018-03-20 16:28:5438.4010,0003,840.00O
2018-03-20 12:05:1837.9025,0009,475.00O
2018-03-20 10:46:0837.90771292.21O
2018-03-20 10:33:0637.903,6641,388.66O
2018-03-20 09:49:1437.805,5002,079.00O
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Anglo Asian (AAZ) Top Chat Posts

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 38.50p.
Anglo Asian Mining has a 4 week average price of 36.50p and a 12 week average price of 30p.
The 1 year high share price is 45.50p 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 122,452 shares. The market capitalisation of Anglo Asian Mining is £42,660,384.
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.....
2sporrans: Then we are agreed Jeanesy. The next Exploration+Dev. update needs to tell us what the results of all that 2017 drilling are; nothing for far too long now imho. Whatever the results, they underpin the 2018 forward exploration, 3 year programme therof [and more] and of course the emerging resource situation. I can't possibly predict what the overall investor response will be to whatever the results are; every one has their own particular expectations and take on what is priced in already or nay. What is clear is that any uncertainty is always a big -ve with investors; ditto any impasses in news feed. Is 45p really such a barrier? I don't believe it is. Remove uncertainty, increase confidence in the way forward and the selling will dry up while buying will increase and keep on coming at any given price. I've no idea how far higher the new 'equilibrium' price for buyers/sellers may be; not any more than who any new buyers may be or exited sellers. Joey and Sparkey raise excellent points as to how the share price has a higher potential to extent shareholders see any crystallisation of value that will be awarded to them. A buy out would realise a handsome premium now though prob. not enough to satisfy some of the long term holders here. As to a dividend, an affordable, sustainable one will bring in new investors and increase the balance of longer term holders v short term traders and reduce share price volatility. Take Matt's point about the Reza loan having been an obstacle, now removed. Frankly, the great majority of small miners take shareholders for a ride; more concerned to simply expand operations or at least keep going regardless than hand over any value to shareholders. Jobs for the boys; keep taking the fat money. Quite the opposite, such companies fund the above cake trolley with periodic new share issues, all the time diluting the existing share pool. That this has not, nor is likely to happen with AAZ is [as Joey said] a main reason to be a long term holder here. A dividend will sweeten this relative security of capital but proviso it is assessed from the 3 year programmes AAZ will work to and free cashflow forecasts thereof, as it surely will be.
lefrene: At least AAZ get world prices for all that gold they produce, unlike the share price which is at a massive discount to the rest of the world. Gold is gold and the US dollars in the Bank are the same as in the rest of the world. macmuck I eventually bought in because of the calibre of the managers. No meaningless business school buzz phrases about their business model. "Dig gold, sell gold, put the money in the Bank" apparently is their business model! :¬) The share price may not be onwards and upwards at the moment, but the actual business looks very much on the UP.
mattjos: unless I am missing something, share price Angel's coverage has not been updated since Jan 2017 when they set a target price of 22p. Share price now virtually double that target and still they have done nada in terms of updated coverage. Not that I am surprised in any way .. they were miles behind the downward curve on share price targets from 2012 to 2016 despite knowing that Bashirov was a seller. They've been miles behind the upward curve from 2016 to today & that is despite recently visiting Gedabek & seeing for themselves the scale and development of the operations there. Compare to someone like GFM and how Cantor Fitzgerald have continually upped their price targets through the course of last year. I cant be bothered to dig the note out as it is clearly way out of date but, from memory, they were working off $1,250 gold, $6,500 Copper & $16 Silver. I think they issued some sort of analysis once Ugur came on-stream but, declined to alter their target price until they got more data. Tomorrow should give us the necessary data for a full Quarter production from Ugur and in the weeks ahead we'll get more data on whether or not Ugur extends laterally or vertically + more on the Gadir/Gedabek intersection etc. They'll need to pull their finger out if they are to finally get ahead of the curve with regards a target price else, remain way out of touch.
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.
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.
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 :-)
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? :-)
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.
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.
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