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AAZ Anglo Asian Mining Plc

-1.00 (-1.60%)
Last Updated: 10:37:13
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
-1.00 -1.60% 61.50 10:37:13
Open Price Low Price High Price Close Price Previous Close
62.50 61.50 62.50 62.50
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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 23/5/2024 07:59 by 2cmb
Digger's AAZ has had a very good relationship with the Azari Government until now.
The BoD have been very busy at the various mines in the area allocated to us.
In the old documentd I think the Taling Dam could have been raised up to 8 meters. They only wanted to raise it by 2.5 Meters currently.
They were probably surwaing the land where to build the new TD when all the hell broke around them!!
The permission to build it would not have been a big hurdle.
The permission would have been granted by the Government. Everything would have worked out in time.

The BoD in my opinion has not done a lot for the local community over the years.
I was invested in Alten Gold and they have over the years built school/Library etc,etc for their local community. AAZ has not done much to help the locals as far as I know. Perhaps Matt or JB can answer this. They know a lot more than me.
I am pretty sure that the BoD knew where they were going to build the new Tailings Dam, but things have changed a lot since the demonstrations.
I also think new Mining Laws have come into force in Azerbaijan.
Anyway we all know that mining is a dirty business causing pollution etc,etc.
You wouldn't want a mine too close to where you live, would you ??
Looking at things perhaps the BoD should have applied for the Tailings Dam permission a while back, but they did not !!
So here we are in the current situation.
A lot of work has to be done later on after an area has been mined. Trees and grass extra planted and invioirment made reasnabl, especially if the mine was close to village etc.
The classic example is in Wales here where the Slag Heaps caused problems in later years after the Coal mining was abandoned.
Oh' AAZ would not break the low by just going ahead and go and build a TD without getting permission from the Government.
The new TD is required in the 4th Qt. of this year.
The TD work has to be done in spring/summer time for it to dry out and be safe. There is still plenty time to get things going if the permission saga does not drag on.
This is the best I can do to explain TD scenario. Perhaps someone will correct me ?
Have a good day all.
Oh' the Co.would not run out of finances, as some people think they would.
They can always do a Rights Issue and tap us shareholders for cash.
Reza could also lend his own money to the Co.
Watch the video on AAZ website, where Rıza says finances are also awalable outside Azerbaijan.
Posted at 21/5/2024 10:40 by 2cmb
DP' I agree completely with your above post.
The government has been busy on many fronts, like resettling the population back into Nagorno Karabach area etc. etc
I bet the burocrats are also very busy with other external investments coming into Azerbaijan.
I am not in the least worried about the TD scenario. The news will come in it's own time.
We have the Proactive Investors presentation on the 19th of June and then followed by the AGM.
I am sure a lot of questions will be asked of the BoD @ the AGM.
They will have something to say about the TD.
Just two thing I will say, the mining licence permission was reganted by the Azarie's after the suspension.
The second one was in the recent RNS. A technical team from AAZ went to the Demirli mine to examine it.
If the Azarie's were playing dodgy games with AAZ and wasting time then why allow the technical team from AAZ to visit the Demirli mine site ?? They could have just said, it is not safe to go there yet !! They could have delayed the visit by months!!
AIMHO of course. I think the shareprice is still very cheap.
NAI of course.
Posted at 21/5/2024 08:37 by 2cmb
Wan' apply basic logic to the current TD situation please.
Let's say the Government says, construct a new TD somewhere else. It may delay the mining for a period. I can't see them doing anything worst than that.
Lows are changing regularly for the mining industry. It takes time for the burocrats to implement these laws.
Would the Government allow a team from AAZ to go and vist the Demirli mine if they had other plans ??
If they wanted to screw AAZ they could have planted suff to convict AAZ of contamination.
I am not in the least bit stressed about the TD at all.
You personally would look for all the negativity that you possibly can think about!! That Wan is how I read your posts.
Posted at 16/5/2024 16:04 by 2cmb
Wan' GULP !!!! FFS !!:-/

Read the paragraph " President Chief Executive's views".
The management of AAZ are having dialog with the Government regarding the DEMIRLI and GARADAG mines in Nagorno Karabach.
Do some people including you still think the Azarie's are going to steal AAZ from us ??? After reading all this in writing in the RNS !!!
Then you keep going on about AAZ running out of finances if the Azarie's keeps dragging their feet re the TD !!!
When was the last time you watched the video presentation on the AAZ website??
Rıza Wazari explicitly stated in that video that finance was also awalable from OUTSIDE AZERBAIJAN.
I guess I must live in another world then you.
Do you really think the Azarie's would discuss DEMIRLI etc with the management if they did not plan to give the TD permission??

I think you are just looking for something in AAZ to moan about !!
Now think for a moment that a new investor reads your unfunded postings without substance, and decides Oh' the guy running the thread is not happy at all !!
You may discourage people from investing in AAZ ! They will miss a golden opportunity to be invested in AAZ currently!
Do you want to become a liability to yourself??
Come back to me here with a very viable discussion please and stop moaning. :-) :-)
Posted at 14/5/2024 08:59 by pogue
SUPR is a REIT I am invested in and is a different type of investment than the usual ones we discuss here. Below is a Tempus article, from the Times, with cut out important bit. Basically it rents supermarkets to supermarket companies in UK and France. Its 15% below NAV and yields around 8%. For me I am happy with the fact supermarkets always do well in good or bad times unlike office space the usual REIT staple and with the high probability of a declining BoE interest rate environment later this year their price can only go up. That's my reasoning anyway who knows I am not always right. Beware some ISA/SIPP providers charge to hold these so if you are thinking of them call provider.
Not a recommendation to buy, I hold, this post is for entertainment not investing advice.

When it floated in 2017 management thought supermarkets were about to enter a more placid period. They could not have envisaged the pandemic, Ukraine conflict and supply-chain blockages, leading to higher interest rates and last year’s cost of living crisis, all of which have depressed retail rents. Cheaper interest and shrinking inflation will help the foreign ventures in the medium term but in the short term the trust may suffer from smaller inflation-linked rent rises. Its loans are a modest 37% of asset value. The shares trade at a prospective 12.1 times current-year earnings. The price is 15% shy of the official net asset value, boosting the dividend yield to 8.3%.

Last month the board announced an interim dividend for January to March of 1.515p per share, up from 1.5p this time last year, to be paid as a Property Income Distribution. That usually means 20% tax is withheld and has to be claimed back if the shares are held in a tax shelter such as an Isa. Prospective investors should consult professional advisers to ensure that the Reit format is right for them, but subject to that Supermarket Income looks on course for recovery and expansion.

Complete article:
Posted at 13/5/2024 16:00 by 2cmb
Hi Wan.
Put your thinking cap on and try and put things into prospective re AAZ and the Azari Government.
A few days ago you posted some good posts, re how some Co.s were rushing to invest in Azerbaijan. The possible investments being in $100s plus millions.
Now who would you be dealing with first ?? AAZ or these future big investments??
The priority would be the new investments and big ones that are going to create a lot of employment opportunities in Azerbaijan IMO.
The burocrats and the El Presidente
are loaded with many files from various Co.s from all parts of the world on their desks.
There is also a lot going on with the re settlement of the papulation in Nagorno Karabach area.
Do you really think the Azari's would put AAZ as a priority??
I am sure the AAZ BoD are doing their best to get things moving but IMHO they can only knock on so many of the relevant doors.
All this is just in IMHO ofcourse.
Patience and a lot more of it is required dear Wanobi I am sorry to say.
Posted at 09/5/2024 12:36 by 2sporrans

What's it worth, potentially?

Remember Hardman?

And more specifically their last review, released May 2023; just a year ago, before the dam debacle washed over?

Well, here's a cut/paste job, summarising their take on Demerli, with a whopping 67p valuation out of their 214p total share price tote.
Their assessment was made before the exodus of Armenians from Karabakh [autumn 2023] and the very recent departure of Russian peacekeepers; both +ve for AAZs access prospects and the Demirli valuation.

Also, note that 67p share price valuation assumed a copper price of $8,000/tonne; that looks a tad conservative att.

Note also that Hardman expected that the mine+plant could be re-started for as little as $30mn, bearing in mind it was still in operation Dec. 2022.

I'm not pushing Hardman's take.
Indeed, at the time it came out, i was bemused as to why they valued the entire "gedabek" - the contract area, including GILAR and Zafer - at what seemed to me rather a measly 72p [sp].
Especially given [at that time] "Gedabek" looked a bird in the hand but Demirli
very much in the bush.
Then again, maybe i ought to be cautious in my bird attribution, having already fallen fowl on the chicken score this morning.

Whatever, here's the pasted summary:

"AAZ is embarking on an expansion that will create a much larger mining business, extending well beyond its flagship Gedabek contract area (“Baseline Gedabek”). The company was awarded three concessions in 2022 at no cost, each containing a substantial copper deposit: Xarxar with nearly 100kt, Garadag over 300kt and Demirli estimated at 200kt. The staged development of the integrated Xarxar and Garadag project (“Copper 1”) and Demirli (“Copper 2”) will transform AAZ from a small-cap gold miner to a mid-sized copper producer with c.50kt p.a. of copper production, and significant gold and zinc by-products. We estimate an aggregate valuation for Baseline Gedabek + Copper 1 – Xarxar and Garadag + Copper 2 – Demirli of 214p per share."

"Copper 2 – Demirli: The copper mine and processing plant is believed to have been in operation as recently as 28 December 2022. If intact, little investment may be needed by AAZ to restart the operation (we assume $30m). There are difficulties with access, owing to Russian peacekeepers in the Karabakh region, potentially until November 2025, unless an alternative agreement is reached."

"Investment summary: We have calculated a fair value for AAZ of 214p per share from the aggregate of three DCF valuations for Baseline Gedabek (76p)
+ Copper 1 – Xarxar and Garadag (71p) + Copper 2 – Demirli (67p). These are based on a copper price of $8,000/tonne (3.63/lb), a gold price of $1,900/oz and an 8.0% discount rate. Notwithstanding the debt-financing requirements to fund growth in the next few years, we expect dividend payments to continue."
Posted at 02/5/2024 16:49 by riggerbeautz
Peter think as Bumpa and yourself acknowledge, anyone playing for any length of time is bound to have variations on how they play the market. I’ll only answer specific to AAZ, as that’s how you initially framed it.

Really it depends on your starting position, some have been here years, myself included, since the share was trashed when Bashirov decimated the price, effectively a forced seller; so that’s why the likes of JB2 and a few others see last years “event” shall we call it, as another opportunity as then to load up. Personally since Bumpa led me to AAZ at that point, when it looked a gift, I’ve stayed in, built a stake and traded round a core odd batches. For sure I could have cashed out higher, but anyone can be the worlds best hindsight trader.

So holding a fair few, it’s not easy to buy or sell in size when there’s never a huge trading free float; thing that always impressed me was board skin in the game. By doing so I’ve also had plenty of reward from the dividends paid out. So both banking and adding free shares with dividends, worked out my average to 4.4p currently; not trying to be a smart ass, I’m sure others have done better. It’s why though, I’m totally chilled about selling and where we are right now. Which probably differs considerably to anyone buying in the last few years and underwater. My aim will be to wipe my average out even lower and hold the bulk for growth on any rise. Doubt that helps but you asked.
Posted at 29/4/2024 18:13 by 2cmb
RB' we all trade and invest in our own ways. The thing I exercise is to play and stick around if I feel the Co. Is good enough. Be it a midcap 250 Co. or the AIM rarely I have invested in the FTSE 100. I think I held AAL when it's price crashed to around £2.50. Sold it a bit too early also buying GLEN for around 80P etc. Same story as AAL ! I also held PFC a few years ago.
I invested in AAZ quite sometime ago. I have sold big chunks of AAZ in the past and have made very good profits out of it. I think I told Wan' when I started selling AAZ. I have never really been out of AAZ holding. I even sold a property once when AAZ started to pay a divi.
This is the first time in my investing history that I have gone all in into an AIM Co.
I think I have posted the reasons why I have gone all in into AAZ.
I don't think we have to waite too long until we find out if it was a good or a bad decision. I am not in the least bit stressed about AAZ.
Well frankly I don't care much. I am quite secure financially in my life or what is remaining of it. I will be 77 years old in July this year.
NAI ofcourse.
GLA and ATB.
Posted at 29/4/2024 09:13 by wanobi
no, as I've said before,,, I believe that AAZ management has had a steer from AZERGOV/Pres in regard to how long it will take & so they are confident enough to use the word shortly,,, that's all :-) :-)

I think,, if they had NO steer from AZERGOV/Pres they'd be thinking in terms of months, as indeed, you are,,, and in that case, they'd be making a different timescale statement, such as 'by end of QTR2' for example...

why do I say this,,, because, I know that AAZ management has no regard for the day to day share price,, other management teams dress things up,, they'll use the word shortly, knowing full well it'll be months,, just to keep their share price from falling,,, AAZ management don't think that way,, they say it as it is and let the share price take care of itself...

If they know/think it'll take months, AAZ management would not have used the word shortly....

That's me read on it fwiw :-) :-)

Anyway, all academic, we sit and wait, as they do now..... and we'll see who reading this correctly at some point shorty :-) LOL :-) :-)

Wan :-)

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