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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Anglo Asian Mining Plc | AAZ | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 3.00 | 3.70% | 84.00 | 16:35:18 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 81.00 | 79.80 | 81.00 | 84.00 | 81.00 |
| Industry Sector |
|---|
| MINING |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 16/05/2023 | Final | GBP | 0.031421 | 29/06/2023 | 30/06/2023 | 27/07/2023 |
| 15/09/2022 | Interim | GBP | 0.035559 | 29/09/2022 | 30/09/2022 | 03/11/2022 |
| 17/05/2022 | Final | GBP | 0.029181 | 30/06/2022 | 01/07/2022 | 28/07/2022 |
| 23/09/2021 | Interim | GBP | 0.032937 | 07/10/2021 | 08/10/2021 | 04/11/2021 |
| 20/05/2021 | Final | GBP | 0.025354 | 01/07/2021 | 02/07/2021 | 29/07/2021 |
| 26/01/2021 | Special | GBP | 0.010767 | 11/02/2021 | 12/02/2021 | 11/03/2021 |
| 23/09/2020 | Interim | GBP | 0.034651 | 08/10/2020 | 09/10/2020 | 05/11/2020 |
| 13/05/2020 | Final | GBP | 0.035739 | 02/07/2020 | 03/07/2020 | 30/07/2020 |
| 18/09/2019 | Interim | GBP | 0.028355 | 03/10/2019 | 04/10/2019 | 31/10/2019 |
| Top Posts |
|---|
Posted at 10/7/2024 17:49 by 2cmb Katsy why are you always so negativ ? Do you read all the RNS's that are there?Rıza Waziri states in one of them that finance is also awealable outside Azerbaijan. Did you know he lent his own fiance to AAZ in the early years at a very competitive rate ? The Government is on side of AAZ. The Azarı Banks would line up to lend money to AAZ. LOL, why be so negative ?? Do you think I went all in for the fun of it ??? Without doing any DD ? You can of course join the other sellers who would be looking in hindsight after sometime. I am looking forward to a year when the share price is over £2. Given it a bit of time the dividend will also be restored. Just a simple question to you. Did anyone of the BoD sell any shares ?? Why not ? They hold 40%. Do you know what the value of the discovered resource is ? Negativity !! I give up !! Oh' if you know of a better investment please do inform me. |
Posted at 08/7/2024 17:42 by 2cmb D18 not all the workers had stayed at work. The necessary mining guys of course continued working.Digger don't forget the local economy is reliant quite a bit on AAZ. I bet even the local supermarket owners would have been very unhappy. AAZ employ over a thousand people in that area. Cars bought on credit would have had to be returned. I bet the locals suffered quite a bit because of their stupid demonstrations. The story was in the media and even the President got a bit frightened !! Hence he stopped AAZ from mining. Now AAZ is all clear and proven to be clean. It has cost us shareholders around a year !!! Thing will all hopefully be sorted all around before too long. |
Posted at 08/7/2024 14:57 by 2cmb This TD senario !!If I was in the BoD of AAZ, I would have sent a message to all the villagers that demonstrated against AAZ and have been out of work at AAZ for a year now !! Flash the paperwork form the ministry that planning permission has been granted to raise the TD. The same people should start to lobby their counselors and mayor's so that the stamped paperwork can be delivered to AAZ, so they all can get back to work. I am pretty sure Rıza Vaziri has had a phone conversation with the Azari Gold BoD or a member of the BoD as well. It is just a question of getting things sorted to suit everyone. The above is AIMO of course. GLA |
Posted at 01/7/2024 09:23 by wanobi free stock charts from uk.advfn.comfree stock charts from uk.advfn.com chart-wise it's an interesting one for me as it has so, so many GAP's,,, one can basically ignore them I guess!? looks like 160p will be the next resistance level to crack? I'm not really up to speed with much now as I only hold AAZ,,, so please excuse me if I'm behind the curve on the rns's for other companies etc etc.. Until AAZ get's the permit (or not) I'm fully committed to sitting on my hands and waiting gr :-) :-) ,,, if they don't get the permit and cash flow kills them I'll have to retire from the game anyhow,,, should they get the permit,,, then I shall have to see what that means for the SP,,, I may reduce my holding a little and use that cash to trade other situations,, or I may just leave the whole lot running on AAZ and live off the divi's,,, enabling me to play other games that life has to offer outside of investing/trading etc etc... we shall see shortly (apparently LOL) if 'lady luck' is with me or not :-) :-) GLA LTH's of ALTN & AAZ :-) :-) :-) Cheers Wan :-) |
Posted at 26/6/2024 22:11 by wanobi well done hubs,,, honestly, I've given up with AIM shares,,, trading and/or investing in them,,, for now anyhow :-) !!!! :-) LOL :-)it's taken me a few years to realise that AAZ is a special case,,, & provided we get the TD rubber stamp & the world doesn't implode,,, I just cannot see a better bet out there right now :-) :-) things can always go wrong,,, but,, I'm happy to be all in with just AAZ for the long term now.... :-) :-) after around 5 years at this (I think!!),,, I hope to now sit back and let AAZ earn me a living :-) :-) needless to say I have been averaging down my AAZ holding like a nutter in recent months,,, often, literally fighting off that feeling of sickness as I've pushed the buy button on a lot of share purchases.... for me this is it,,, this is the once in a lifetime play.... fingers crossed it'll work out.... we shall see :-) :-) Cheers Wan :-) |
Posted at 25/6/2024 14:48 by 2sporrans LLB"12.06.2024 - shortly 25.06.2024 - Zip (so far).. :o)" Ha yes. You have me reflecting on, what seems such a bizarre circumstance with the Azeri 'jurisdiction'. Like there's a sort of tier of people here, with very different relationships to the company. Loosely: 1. The decided majority of the local community [Gedabek] who must be very glad of their employer/customer; not least for keeping on so many staff over the past 11 months. 2. A much smaller, disaffected minority. One that's protests led to the ongoing debacle; their fears fanned by various malign actors, some external, each with different agenda. An exercise in mollification seems to be bearing fruit; how much remains to be seen. 3. A governing bureaucracy that proceeds slowly and with caution. Notably so following loud barking from above; see 4. 4. At the top, an autocratic [semi-autocratic?] elite. They can move with alacrity. However, the shock of Aliyev's invective of 11Jul23 revealed that this elite won't always act in moderation or lean in AAZ's favour. Notwithstanding..... Mostly, it has. The triple concessions [Garadagh, Xarxar, Demirli] - for free!! A massive boon for AAZ. Sure, they were granted as a result of negotiations whereby AAZ relinquished its rights to the Soutley CA and within it Zod, the largest gold mine in the S. Caucasus. Well to about 70% of it....on the Azeri side of the border with Armenia. A win-win trade off, if ever there was. Do you recall, that in contrast to the quite fast negotiations for the Gov't elite and AAZ to make an agreement, it took almost a year for parliament to rubber stamp it.? The ratification. Anyways, so here we are: The Azeri government wants rapid growth in mining and any downstream industry it may feed. Foreign capital and companies are required to fast track this. So, we have the crazy dichotomy where on the one hand, Azergov elite is almost cracking the whip on AAZ to get Demirli up & running asap. On t'other, the sloooow, protracted process to allow dam raise & plant re-start at Gedabek, + GILAR producing and generating abundant net cashflow. The result of which is consequently, cash/cashflow starved AAZ recursing to credit raises in order to get all the above underway, as soon as they are permitted. Starve the horse while flogging it forward. How dysfunctional is this? Well, if perchance, all gets signed off this week, a new perspective will dawn as activity transcends from semi-stasis to fast track. |
Posted at 24/6/2024 19:16 by touche Excellent post 2SP. Below are the assumptions from that Haardman note. Most of these have improved v base case. This will get very interesting as seller cleared, TD final stamp given and investors realisation lands. Strap in!Demirli project - key assumptionsYear-end Dec ($m)CombinedInitial LOM13 yearsOre grade (Cu)0.43%Ore grade (Mo)0.0051%LOM ore production (before recovery/PSA) (mt)45.5AAZ share (PSA after subtracting capital/op. costs)49.00%Cu and Mo recovery85%LOM copper production (before recovery/PSA)197,916 |
Posted at 23/6/2024 09:43 by riggerbeautz Blimey so many posts.More thanks from jamiedodge, NickK1, no problem! Just to try and mention a few things I missed out. The drill cores for Demerili that Pogue mentioned were left behind as the previous squatters really did leave in a hurry it seems; so whilst they smashed up a few bits and bobs, it was only the smaller equipment. So having the cores will help provide a clue where to look, whilst doing their own due diligence, as all are nicely referenced. Agree with Lloydypool that Demerli will be the real catalyst now. The only thing I missed off from my notes on it was Steve did say they will have to look at infrastructure too but I’d expect an heavy helping hand from the government there. Picking up on Pogue’s negative about P.R. In country it seems they have learned there lesson, Bill didn’t argue with myself and Fz when I pushed that being my one criticism, it was a case of well yes, we’ve moved on. As for the U.K they did Proactive as it’s pretty cheap and were in town, it would’ve been a better/bigger reveal with the T.D all done and dusted, but they pretty much couldn’t have set the scene any stronger about it just being a formality, the relationship with government being stronger than ever and how much they could do for the local population, besides contribute to the economy. Which again going back to the protests and what occurred, I think a few people now realise the contribution AAZ could make and being blindsided by political opportunism hasn’t done the country or the company any favours. So now everyone is back on board, they are even working with the government on the COP positioning, to demonstrate how responsible mining can be achieved. Bill by the way has an house elsewhere but loves Baku, he doesn’t want to retire when living there, working for AAZ gives him so much pleasure. What doesn’t give Bill much pleasure is pandering to any bucket shops, fund managers etc. Really don’t think we’ll see any sort of dilution to AAZ, it’s just not their style or needed. Bill referenced they are quite unique and I agree. If they need finance, they will simply use the excellent banking relations they have. This is where we need patience, it’s clear they believe the share price will take care of itself and the type of revenue and dividends being spoken about, I can’t see why it won’t so I’m happy with their approach personally. D.P and others say we need to attract new shareholders, AAZ are prepared to let the results speak for themselves by and large, well that’s my take. By the way a gig at Proactive costs a few grand, so it’s peanuts and another reason they did it, they don’t really believe it attracts many buyers of stock though. So to answer DipBuzzard they are very unlikely to go heavy professional P.R support; but hey people can suggest it to them. The questions about whether we have enough cash will melt away once we’re back producing, I don’t think it was regarded an issue by anyone (except maybe the guy in the t-shirt again). As for SPA coverage, John Meyer did manage to ask a question, about attracting staff for the expanded operation. Stephen is recruiting Geologists and all manner of staff, pretty sure Farhang knew people to bring in and the existing team will be spread around whilst “bedding in” new talent; they will be a considerable economic boost for the local economy, it’s so obvious. Anyway, thanks for the question John, I’m expecting another equally dull coverage note once T.D is given with an equally uninspiring target price. I’m sure there will be some (like bumpa, cough), that will sell on T.D news, no harm in trading, but this company is on the cusp of a major ramp up; totally staggering what’s coming, the mood was beyond good for all who attended Thursday (just wish I hadn’t felt so rough!) Anyway, my pleasure to give feedback it’s in my interest, could’ve kept quiet and not add to the noise, but any more I buy few pennies will be nothing compared to the share price and dividends. Noticed there’s been a question where the 20p dividend came from, probably the directors; they definitely said a comment when they are “paying 20 or 30p dividends” in the future. Before anyone picks holes, there was no real timescale, other than a few years’ time, which is enough wriggle room to set a tone of their ambition, as they want dividends as much as we do; that’s the beauty of them having so much skin in the game. D.P was right to reference Libero being a possible good resource but it’s still a long way off and whilst it might come good, they will focus on Az for obvious reasons. On that note I’m going to have to say, you just simply can’t compare AAZ with such as PXC, they are poles apart in revenue and where they are at, AAZ is as Bumpa states producing a real miner, PXC is still a fantasy (sorry D.P), but go easy on him Bumpa, I sat next to D.P, he’s not so bad lol. D.P picked up the comment from Sununu saying “look guys, do the maths”, what he didn’t mention was the meeting finished amusingly by someone reminding him about the “take you time, we’re in a hurry”; to much laughter he said “we’re in an even bigger hurry” |
Posted at 22/6/2024 10:58 by 2cmb Yes Wan' same as me having just one hoding AAZ.I sold everything and bought AAZ. I did post that and on the main thread when I did that.Anyway anyone not too sure of their investment in AAZ Please read the link put on the main thead,,post 6045 by Bleepy. It explains the size of the Demirli Mine. $130 million was spent on this mine and now AAZ will be running the show. It was opened in 2016. Wan perhaps you would be kind enough to put that link on this thread. I am too fat fingered and not good at this digital world. |
Posted at 20/6/2024 21:22 by riggerbeautz Long ramble warning :)Gedabek and surrounds I'll gloss over a lot, we are getting to the end of the underground mining operation, it's good though that they have thought to check a bit further away and depth before they close the open pit. Someone mentioned the 2 months wall raise, well that's the construction, there was another month as part of the process (but I was only just waking up here). Zafar why is it slipping in priority, well the grade is only 0.5% and it's underground; the preparation for production is largely completed but it's slipping down the project list because we have moved forward Gilar, which is around 2/3 the way towards understanding the full mineralisation but Steve is confident the metal in the ground will offer a easier open pit payback and therefore greater return. Xarxar they are using hyperspectral techniques, (which is a first in Azerbaijan) to determine the prospect; but it's probably 6-12 months work. One take away is they will work with Cat to determine the design of the mining, best equipment and such as road construction to suit the vehicles used. Maybe 100 tonnes of copper I believe was mentioned Garadag there was maybe 3 months work with Mining Plus to determine a phase 2 work program but the prospect is in excess of 300k tonnes of copper. This was all impressively presented but the juicy stuff lies in Demirli. Demirli infrastructure is largely in place. There is already a processing plant with power and water supply for instance. Some of the smaller physical equipment was smashed up in a hurry when the former squatters left, but that's just a case of ordering new parts from previous world leading suppliers Siemens or ABB. Now those squatters spent around £130 plus million (or was it £150m) based on known previous valuations they provided (I'm digressing but I was too busy licking my lips and computing the previous message) GET THIS, it will cost around Maybe £6m to restart and nominal rent. All for maybe 20,000 tonnes p.a and at an expected 10 year mine life! Conservative figures were being bandied around but let's say $200m per year on conservative copper market prices at $9,000 a tonne. Do the ducking maths people. The Azeri government are "aggressively expressing" a wish to get Demirli into production. Security clearances for the full site and checks will maybe take 3 months, but a lot of the photos were take by Steve. Amusingly he said he'd walked over those areas and he's still here, but hey due diligence and all that. There was a mention about government being responsible from their share of the partnership for any extra expenditure on infrastructure (someone can correct me on that, I think I was dreaming a little at the time). But they are very keen to start drilling and operations, personally I think from clues Steve gave, its a conservative 6-9 months away but could be operational sooner - they always under egg don't they. Just remember Demerli was in no production forecasts and will be additional to those shown on the slides for their pipeline roadmap to mid tier. Need a break, more to follow. So upstream T.D that Pogue mentioned intrigued me enough to ask Steve after what was the worst case, what could go wrong to a layman like me. He basically explained it's really robust and can be constructed better, but they essentially need to do their own due diligence, as they never installed it; they will likely use someone like Knight Piesold for independent assessment too for good measure. There was a far more technical reply but that was my take away on the question. Steve talked about 50 existing targets in the pipeline without looking outside Az. They are reluctant to put a precise full value and timetable on everything because there is so much to go at, conservative value in the ground though is a staggering $5 billion resource. Are you listening people.? Those that say yes but it's got to come out the ground, the reason the government are admiring partners and chose AAZ for Demerli, when they could easily have gave it the state operation, AAZ deliver cash flow and revenue far quicker. The partnership has grown far stronger on many matters; all they lacked was an effective local P.R machine wich is now in place. The Local Governor went with AAZ to the villages to explain for the last year and half his own house was far nearer and in line of any issue than the villagers; it's always been a bugbear of mine, the P.R. However, the chat with Bill after explains why they don't bother too much. Still irritating t-shirt man had to have one last question on Libero, as Pogue commented they see little value chasing that when they have so much to go at. JB2 he really would've done your head in this year, fortunately Terropol amusingly talked over him a couple of times. Dividends will come back, me and Fz had a guess and I think from what Bill said he'd go with Fz's guess but reality will probably see me win; I'm not putting it up here though. The board will bring it back ASAP and as for debt, they really don't like it, I tried to tease out of Bill whether they would keep some debt, as DP bangs on about it sometimes being a good thing; can't see it myself, I reckon from the answers given it will evaporate quickly with cashflow unless they wish to leave some in order to reinstate a dividend sooner than we think possible. Look as DP stole my thunder, c'mon wake up see the cash flow projection; it's got to be the cheapest mine operation in the world in the offing at Demirli because of all the work done there already and why it's being fast tracked at breakneck speed. The board were purring at what's to come and the government really, really want it to happen; lessons have been learned, maybe they were blindsided by nefarious means, it's soon to be history, we move onwards and up very soon. The market will truly grasp it when the cashflow starts coming in 2025 is my bet, as unlike Canada, it's not forward looking because in the U.K we don't understand mining operations here - again my opinion. Think about 20-30k tonnes at even average copper prices per annum, holy moly! It' going to happen, can see nothing stopping it, I'm buying more already though, it's up to others how long they wait for confirmation or trade it for 10/20% easy gains - you listening Bumpa lol |
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