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AAZ Anglo Asian Mining Plc

-4.00 (-5.26%)
01 Dec 2023 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Anglo Asian Mining Plc AAZ London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-4.00 -5.26% 72.00 16:26:07
Open Price Low Price High Price Close Price Previous Close
76.00 72.00 76.00 72.00 76.00
more quote information »
Industry Sector

Anglo Asian Mining AAZ Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date

Top Dividend Posts

Top Posts
Posted at 02/12/2023 18:55 by wanobi
raises some questions in my mind,,,

should we keep this thread as is (with the long header) or keep it simple and reduce the header to just...

"Welcome to 'Wanobi & AAZ',,, A thread centred around AAZ; but, with an emphasis on open discussion of investment ideas, strategies & experiences. Seeking to identify new opportunities & most importantly enabling people to learn how to successfully trade & invest."

or, indeed, is now the time to break-away from the AAZ association as we already have an excellent thread for that run by Mj....

and we start a new thread,,, with header,,

Welcome to new 'Thread Wanobi',,, with an emphasis on open discussion of investment ideas, strategies & experiences. Seeking to identify new opportunities & most importantly enabling people to learn how to successfully trade & invest....

it's something that has crossed my mind a few times in recent years as AAZ becomes just a part/smaller part of the overall thread discussions here!!

it might also be of benefit to the main AAZ Mj thread as more people comment there in regard to AAZ......

(for obvious reasons, not me,,, out of due respect for posters there I'd keep my AAZ comments to the new 'Thread Wanobi' where we can continue to discuss any stocks, including AAZ should people wish to do so.... :-) :-)

as we approach the end of this year,,, seems a good point in time to start afresh if people like the idea??

Do not fear,,, I will not be doing anything different until we get a sense of what the mood is in regard to this :-) :-)

Wan :-)

PS... I did move it once before, but, not many followed it, so I stopped it,,, EPIC is/was WAN,, title Wanobi's learning thread :-) :-),,, last post Oct 2018,,,,, BUT, a lot of water has flowed under the bridge since then :-) :-)

edit, I've set up a new thread with EPIC WANOBI (just in case we decide on that route)
Posted at 02/12/2023 12:22 by 2sporrans
On Gilar

Something i think everyone here can agree on is that the paramount consideration is the production profile.
a. When will Gilar ko production?
b. How much will be produced initially?
c. How long will the ramp-up to full output take?
d. How much will be produced at full output?
e. How many years can that full output be sustained?

We were given guidance on all the above in the latest June presentation; see slide 14 especially.
The breakdown of this profile, showing the separate existing mine and Gilar contributions is given on page/slide 14.
Note the significant contribution it had been expected that Gilar would make, even in q4 of this year:

Diverting to the JORC, i get it why not a few here are upset that it's not come out to schedule and that some communication as to when it will would be well received.

The reason i said i wasn't bothered about say a week's delay is because the JORC [MRE} isn't going to have much bearing on the production for 2024 or 2025.
Sure, a whopping JORC will extend the life of the mine considerably.
Ditto the 3 year period for peak Gilar production the graphs indicate; i read those as ~30k-oz-pa gold and ~5k-t-pa copper.
There will be further MREs and JORCs next year and hopefully beyond that may add years of life, as the underground drilling progresses.

If, as i hope, the grades in the lower section that is being developed for 2024-25 production do come in appreciably higher than the March MRE, then i guess the production profile will be commensurately higher than forecast, albeit delayed by about least 6 months by the tailings/dam travails.
But i'll be [very pleasantly] surprised if we enjoy any more than a 10% uplift, at best.

As the June presentation gets across, production is going to be PLANT CONSTRAINED.
And the increased capacity of the flotation plant for higher copper and new zinc concentrates [+ gold therein] is all baked into the production profile given in the presentation.

The overriding plant constraints point is neatly put across on page/slide 9:
"Zafar will provide back up production to Gilar as processing facilities will be
capacity constrained."

From the same slide:

"Gilar scheduled to commence production in Q4 2023"

And now, consequent to all the huge disruption:

"The Gilar mine is expected to commence production in H1 2024."
according to the latest Gilar specific RNS and repeated in the last RNS of 7 Nov.

Why so vague?
Why not say May 2024; that being when AAZ hopes the dam wall uplift will be complete by?
Possibly, because:
"The Company's flotation plant will restart approximately 90 days before the wall of the existing tailings dam has been further raised."
And if, within that timeframe, high grade Gilar ore MAY become available, why not use it rather than from the inferior main pit?

Well, it would be good if AAZ were to give us some clarity on this, as soon as they are able.

This is key to any plant production whatsoever:

"The Company will update the market once a timetable for the wall raise has been settled."

Until this is agreed, 2024 production remains very much a guess; from the plant leastways.

It would also be good to be given an update as to where the Gilar development has progressed to, mine design, procurement of mining equipment and an earliest potential ko date.

Whenever we are enlightened on all the above, maybe we'll even be treated to a shiny new presentation.
It's sorely needed.
Posted at 01/12/2023 10:18 by bleepy

Never been away, at the moment dealing with my younger brother’s death. Adds much perspective believe me.

As far as Aaz, then cup half full whilst observing miners world wide are having to adjust to climate change and new environmental norms. Both changes the Azer govt are embracing, hence the political reverberations of late and rightly so.

We all have responsibility to think on one’s health and that of the planet, it’s the future so get on board and allow Aaz some breathing space while they adjust.
Posted at 20/11/2023 09:20 by wanobi
STCM selling today is totally understandable,, complete radio silence in regard to the divi is not a good management trait in my book,,, hmmm!!! still in, not sold any, but sorely tempted to kick em 'in to touch' now,,, as others are doing,, and who cane blame them!!! grrr!!! GLA Cheers Wan :-)

10 November 2022 - Steppe Cement Ltd - Declaration of Dividend
Further to the announcement on 13 June 2022 and 26 September 2022, Steppe Cement Ltd ("Steppe Cement") has resolved to pay dividends as follows:
Dividend amount per 5 pence
Ordinary Share
Ex-Dividend Date 17 November 2022
Record Date 18 November 2022
Payment Date 2 December 2022
Availability of any Not Applicable
Scrip or DRIP options

12 July 2023 - Steppe Cement Ltd - Market update for the first half of 2023
The current objective is to pay a dividend of 2 to 3 pence per share before November 2023 !!!!!!!


20 September 2023 - Steppe Cement Limited - Chief Executive Officer, Javier del Ser PĂ©rez, yesterday purchased 160,000 ordinary shares of nil par value each in the capital of the Company ("Ordinary Shares"), on market, at a price of 23.28 pence per share, for a total consideration of GBP37,250.

:-) grrr!!!!

Posted at 16/11/2023 16:34 by pogue
this is not advice but the reason I buy safe dividend yielding companies is that you can sit out the down trips as you are getting your income. The question obviously though is STCM safe? The criterion there is how long has it been going, if it is an old company it has survived worst times I expect, will it ever recover, I suggest cement should recover. I believe management are also heavily invested so incentive there.
Posted at 27/10/2023 09:19 by wanobi
AAZ current situation - so, what do we know from the various RNS's ??

17th July - rns

Gedabek TD - 2nd TD, preferred site close to its existing TD, necessary land allocation from AZERGOV granted. New TD location the subject of protests.

Existing TD environmental sampling showed no contamination, or a higher incidence of disease in the neighbouring population...

AAZ in collaboration with AZERGOV agreed to a re-evaluation of the technical and environmental aspects of its 2nd TD including proposed location and an Environmental Study (ES)

AAZ expects to curtail parts Gedabek operation which discharge into existing TD

AAZ has received technical assurance that the wall of the current TD can be raised, subject to AZERGOV approvals and the ES.

AAZ is confident it has sufficient tailings capacity whilst 2nd TD is constructed.

2nd August 2023 - rns

Micon visited Gedabek from 25 to 27 July 2023 - to do the full environmental inspection of the Gedabek facilities on behalf AZERGOV

AAZ suspended flotation plant on 31 July 2023 in accordance with AZERGOV and also stopped mining.

flotation plant will remain suspended until all environmental and safety deficits, if any are identified in the Micon Report, have been rectified.

26th Sept 2023 - rns

curtailment of agitation leaching and flotation processing, revised production guidance 30,000 and 34,000 gold equivalent ounces.

This guidance assumes agitation leaching and flotation processing will not be restarted until 2024.

AZERGOV PM issued press release saying that based on the Report the Gedabek plant can gradually restart operations.

The restart of operations will take place in accordance with a timetable to be agreed with the AZERGOV..

I've picked all this out of rns's as I do miss things (as jb2 kindly reminded me :-) :-) to see if I'm missing something :-) :-),, doesn't seem to tell me anything new.....

we still await AZERGOV timetable to restart ops, to use existing TD, to extend existing TD walls, to approve 2nd TD & it's location,,,, so why is it not forthcoming????

does raise some serious worries I'm afraid to say,,, grrr!!!

Wan :-)

PS If I'm missing something please do tell me,,,, (again jb :-),,, thanx all :-)

Apols all,,, I have missed something (thanx to the main thread),,,

1st existing TD wall raise of 2.5m to be completed in approx 4 months after AZERGOV permission which will only be granted following a further independent inspection of the stability of the tailings dam wall commissioned AZERGOV.

Expected permission in Jan 2024 provided the independent inspection reveals no defects in the wall !!!

So,,,, as we have only 3 months capacity with existing TD & it takes 4 months to do first wall raise after inspection & permission from AZERGOV there's no point using the existing TD until Jan 24 when hopefully we'll be able to go ahead with the wall raise,,,, if no defects / remediation work is required!!!
Posted at 24/10/2023 14:21 by wanobi
oh dear,,, not sure there's a problem to be discussed here :-) :-)

the tips,,, to me are not tips, they are opportunities to be considered & then one makes ones own mind up as to invest, trade, or do nothing etc... :-) :-)

I have no problem with any of those,, sure I may have made bad moves,,, but, they are my moves and no one else's,, so I own them,,, no problem with that at all :-) :-)

right now,,, those past positions mean nothing to me,,, they are done, dusted & I've moved on.. :-),,, the only position I have which concerns me today is AAZ,,, yes I have others and they are down,, but,,, so too is the general market,, I'm happy they'll come back given time,,, I could be wrong,, but, that's my decision on them..

AAZ is a problem as it's too much of my pot, simple as,,, why is that,,, well that's the way I played it,,, no one else's decision but mine :-) :-),,,, and right now AAZ's future is in the hands of AZERGOV & the President,, if they provide the permits I'm very hopeful AAZ can return to full production and to start to execute its plan,,,,, that will see the share price soar once again :-) :-)

Hopefully we can move on to discuss other things now and help each other to be more successful at this game :-) :-)

many thanx all,

Wan :-) :-)
Posted at 20/10/2023 16:47 by 2sporrans
Of course the GoA won't apologise; nor has it any "feelings".

What it appeared to have, until 11th July, was an alignment of interests with AAZ.
Question is: How much is this now the case?

Put another way: What is GoA going to do to assist AAZ get back up and running, in line with its well publicised Strategic Plan?

For me, the most obvious, immediate, steps the GoA may take to assist, are ones that rapidly restore a viable way forward with ongoing production waste [Tailings] storage.
Right now, the only known capacity is ~3 months left in the existing 'lake'.
And the earliest date at which new capacity will become available is beginning of May 2024.

No extended life to the existing facility = No further production from the plant [other than ~ 3 months].
As things stand, at best, the only production will be heap leach until plant restart on 1st February. [Assuming 3 months 'work back' from 1st May dam raise complete + OK given.]
But if plant ops can't happen while the dam wall is being raised, 1st May is the earliest realistic start date.

Why is the GoA still insisting on having an independent inspection of the wall before granting AAZ go ahead to raise it?
Why is the Knight Piesold evaluation insufficient?

We are told the further inspection won't happen until January [end of?]

Is this why AAZ tells us to expect that the plant will remain dormant until end of year [and beyond]??

If the GoA was to say:
"You can go ahead, raise dam [first raise] asap; you proceed at risk, subject to that further inspection."
Methinks AAZ would get going immediately.
Plant could fully restart as early as 1st March and keep on going, as long as the first dam raise [4 months] goes OK.
A huge relief rally ensue methinks.

Yeah, it is 'only' 2 months of salvaged flotation+AL-dore production; the underpinning message from GoA carry more weight?

Could it be that there is unfinished 'business' with the dissenting locals and that this is a critical hold?
Given the GoA sensitivity about this, does this explain why they are insistent upon this further inspection....and the timeframe allotted it?

This is pretty opaque to us.

Another move the GoA could make to restore confidence that it still backs AAZ would be to do more to assist in sorting a new, permanent facility.
Nothing wrong with the existing one after all.
Won't resolve the short-medium term dilemma; do a lot to restore that confidence though.
But, again, are the dissenting locals holding sway?

Or, conceivably, is something else?
Posted at 20/10/2023 16:15 by wanobi
aha, I see,, fair enough jeanesy :-) :-)

TD is nearly full, so it really needs a restart rns along with TD wall raise permission granted statement to entice new buyers me thinks :-) :-)

who knows, might come next week as it's all lost revenues for AZERGOV & AAZ local workers,,, so there is incentive there for AZERGOV to want AAZ to expedite its strategic plan :-) :-)

in the meantime as stated here many times, in the short term the share price can & will do anything,,, it's adrift at the mercy of shareholders emotions, positions, risk appetite & of course the MM's will drop the price to find business if they need to :-) :-)

wishing you a fine weekend jeanesy,, hopefully a better week next week for AAZ shareholders :-) :-)

Wan :-)
Posted at 16/10/2023 09:56 by wanobi
all, apologies for dominating the thread over the weekend and this morning with AAZ concerns etc... until I hear further news from AAZ I shall comment no more on the situation as it's clear for all to see and has been thoroughly chewed over here :-)
:-) :-)

please do remember (that includes you too Wan!!!) that this thread is not just about AAZ,,, so please,,, let's get on with the business of looking for and discussing other stocks & opportunities :-) :-)

many thanx :-)

Wan :-)

by all means PM me should you wish to continue with the AAZ discussion etc

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