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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
|
|
|---|---|---|---|---|
| 2.00 | 1.94% | 105.00 | 15:27:25 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 107.50 | 105.00 | 107.50 | 105.00 | 103.00 |
| 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 |
| Top Posts |
|---|
Posted at 17/1/2025 10:59 by 2sporrans Looking at the Q4s, one thing that interested me was how they evidence the broad flexibility that AAZ has when it comes to production mix.like, say 2025 unfurls with the POG going even higher but copper not [quite feasible], it may be that AAZ prioritises gold [dore] extraction above copper, sequencing through AL Plant first and flotation second. That's what they did through q4, as i understand it. I read that they intend to reverse the sequence once Gilar production ko. There's going to be a lot of both high grade copper and gold coming forth, if things go to plan. Looking back 2 years to q4 2022 production figs., there is this: production of gold via AL plant was 5,831-oz. Here's the thing; it was 5,231-oz for q4, just gone. Not much less, with the AL plant only restarted 1st October. To be fair, somehow, the av. grade of ore put through the AL the past qtr was actually marginally higher than 2 years back. Did AAZ 'high grade' their extraction to achieve this? Whatever, the context of Heap leach output is interesting. 2 years ago, the prod. was 4,606-oz this q4 was only 2,049-oz Grade throughputs were quite similar. This suggests to me that AAZ pushed their AL plant to max/best advantage to produce as much dore as they could the last quarter. 5,231-oz gold was no mean achievement methinks. The profit margin must have been v juicy, given the POG/recent sales prices. As evidenced by: " Positive free cash flow in H2 2024 of $1.1 million" All, and more from q4 methinks; q3 was a net cash drain as recollect. Copper? Well, although there's only ~5weeks prod in the latest q4, a very decent 249 tons copper prod. For context, 2 years ago, was 624-t - for the full 13 weeks. Looking a little deeper, this q4, there was negligible Cu [or gold] from the SART stage of the process; 2 years ago the 624t was split 380t flotation, 244t SART. Is this because 2 years ago the plant sequencing had SART ahead of flotation; this q4 was it last, after AL and flotation? Dunno. JB probably does. Whatever, the above does support my contention that AAZ can do a lot to optimise their production mix, not just by where/what they extract, also by plant sequencing. And this flexibility may prove decidedly advantageous over the coming year; indeed the next decade. |
Posted at 17/1/2025 10:07 by 2sporrans Good post Katsy"-We know grades and ore at Gedabek are reducing." Yes. Bear in mind though that AAZ project significant production from existing mines to continue to 2030, maybe a tad beyond. "-We know Gilar is coming online, but when exactly, how much ore will be forthcoming on startup? Underground mines regularly have startup issues." There was a case-in-point when Gedabek underground failed to deliver anywhere close to the anticipated grades; less than 50% from memory. Fwliw, i'm far more optimistic for Gilar; the JORC looks a lot more robust and AAZ have learnt a lot from Gadir and G.u/g. Also, look at the scale of the excavation kit and passages; AAZ are going in BIG here. |
Posted at 16/1/2025 07:44 by riggerbeautz Looking forward to the next AAZ dividend debate with Fz, won’t be long :) |
Posted at 12/1/2025 10:55 by wanobi fwiw,,, and that's nothing,,, pure speculation on my part,, guess work, gut feeling and all that makes up a sense of what's coming, based on nothing much :-) LOL :-)my prediction for this coming week is that the market is expecting more than the rns will deliver and AAZ share price will take a quick trip down to fill that GAP I've been highlighting.... so, to anyone wanting in to AAZ, or more AAZ,, there could be a nice last time sale of shares below 100p coming soon... things always take longer than the market wants, expects is the underlying feature of this game I've seen since I first rolled the dice :-) :-) we shall see,,, and I'm often wrong :-) LOL :-) free stock charts from uk.advfn.com taking a trip down to fill that GAP is not a problem at all to me,, and will not be for most who have invested in AAZ,,, they'll be buying more,,, no doubt :-) :-) GLA LTH's Cheers Wan :-) |
Posted at 09/1/2025 09:59 by 11_percent AA4For those looking for a a goo yield. ==================== Simon Thompson update today: Bank this 13.7% yield and potential cash windfall Cash is building up at this high yielding aircraft leasing fund making the deep share price discount highly attractive. - Board considering additional cash returns - 13.7 per cent dividend yield - 47 per cent discount to NAV at spot exchange rates Interim results from aircraft leasing fund Amedeo Air Four Plus (AA4: 58.2p) make for an interesting read. Not only do they highlight a valuation anomaly that is likely to continue to unwind, but also an improving cash position that should support one-off cash returns to shareholders. Specifically, Amedeo holds cash reserves against shortfalls in the residual value of its fleet of six A380 aircraft (leased to Emirates) against loans outstanding, and has substantial maintenance reserves from Thai Airways (relating to four A350-900s leased aircraft) which continue to accrue and provide useful income in the form of interest. Of course, these will diminish as they are drawn down by the airline for qualifying overhauls. However, given the burgeoning cash position, the board are conducting an exercise as to what the likely need for cash will be in the next few years. Once concluded the directors will consider the best way to return any amounts surplus to requirements to shareholders. That seems highly likely. Amedeo’s total assets of £1.12bn include £900mn for the aircraft valuation and cash balances of £144mn of which operational cash accounts for £24.5mn (8p a share), excluding maintenance reserves and reserves for debt repayments. Although borrowings of £722mn account for almost 90 per cent of Amedeo’s total liabilities of £812mn, net debt is falling rapidly and is forecast by brokerage Panmure Liberum to be slashed from £578mn (September 2024) to £437mn (March 2026) and £335mn (March 2027). Debt being slashed and improving clarity over residual aircraft valuations So, with borrowings being cut and operational cash strong, then there is potential for surplus cash to be returned to shareholders as the board’s confidence in realising the residual values of the aircraft grows. Bearing this in mind, it looks a dead cert that Emirates will purchase all six of Amedeo’s A380 aircraft when their leases expire given the problems that both Airbus and Boeing have in delivering new planes to the airline. Emirates recently set a benchmark by purchasing the A380 aircraft from Doric Nimrod Air Two (DNA2) for $40mn (£32.4mn) per plane when its leases expired. Amedeo’s A380s leases mature between September 2026 and April 2028, but could fly into the late 2030s. The fund also owns two Boeing 777-300ER aircraft that are leased to Emirates until the summer of 2028. They have a strong secondary market that supports a valuation of £40mn per plane, and potentially far more. It’s worth noting, too, that Amedeo holds more than $100mn (£81mn) of equity in the four A350-900s leased to Thai Airways which will enter an extended lease phase in 2029. At that point the new rent must be negotiated, and the aircraft will either be refinanced or disposed of. The bottom line is that investors can you rely on a 2p a share quarterly dividend that underpins a 13.7 per cent dividend yield for the next seven quarters when the first A380 lease expires, and can expect additional cash returns in the interim, too. So, having delivered a 58 per cent total return since I initiated coverage (Alpha Research: ‘In the ascent for a profitable recovery’, 19 May 2023), I believe the share price discount to spot net asset value of 109.75p is likely to narrow further. Buy. |
Posted at 22/12/2024 10:15 by 2cmb Good morning Bumpa.Thank you for the links. I have always appreciated your input here. Down to earth and with honestly expressive sentences. Amusing and expressive. Keep the good work up. Wan' I did question MF/DP as to why not do the PR for AAZ quite some time ago. His answer was that AAZ BoD were not interested,he had approached them. I have full faith in the AAZ BoD but I feel that they lack the PR skills. If I was in their shoes I would be shouting from the rooftop to promote AAZ,with all that is happening in the near future. Anyways have a good weekend all. ATB. |
Posted at 21/12/2024 10:36 by 2cmb Good morning all.Let's say that AAZ share price is £3 by 2027/28 what price a bid for AAZ from one of the big boys?? Especially if a bidding war happens at the time. We are in the right commodity at the right time IMHO. This sort of opportunity does not come along very often in investing in the stock market . We all know we have a great honest BoD. No dilution so far nothing at all to complain about. (The BoD are all getting old too). Don't forget a mouth licking possible dividend in 2026 as well. What is there not to like about AAZ ? I just wonder what the current sellers will feel like in a couple of years. Then again WTFDIK. I am just sitting on my hands and feeling very happy invested here. A very nice dream to have that can come true.😜 ATB all holders.🙂 |
Posted at 29/11/2024 19:50 by 2cmb Henwii' a possible bid for Anglo American. Not at all for AAZ.Patience required here. Life will slowly come into AAZ in January and the rest of 2025. I personally am in no rush. In 2026 a very juicy Dividend hopefully. NAI of course. ATB. PS. I am surprised that people would think the link had anything to do with AAZ, I just posted it to highlight the future demand for Copper. A possible bid for AAZ is probable when AAZ becomes a mid tier Copper miner. |
Posted at 26/11/2024 09:12 by wanobi found this,, the, Impact of an unlawful dividendAlthough the Companies Act 2006 does not contain any specific offences in respect of making a dividend that is deemed to be unlawful, the consequences of such a dividend can still be widespread, potentially affecting the shareholders, directors and the company itself: Shareholders who know, or had reasonable grounds to know, that the dividend was unlawful will be liable to repay the dividend received or a cash equivalent sum in the case of a dividend in specie (to the extent that it was unlawful); there may be a greater risk of being required to repay in the case of insolvency of a company. Directors of a company making an unlawful dividend may be in breach of their own fiduciary duties in authorising or permitting the company to make an unlawful dividend and can be personally liable to repay the amount of the unlawful dividend themselves. The unlawful dividend will always remain unlawful; it cannot be rectified so that it is lawful. The company’s accounts may contain errors and will need fixing and this may mean that other transactions carried on the basis of their contents are tainted too. A company can itself be impacted by appearing balance sheet insolvent in respect of the unlawful dividend being included within its accounts. This could mean the company may have difficulties in obtaining credit from lenders or suppliers, and it may be in breach of existing arrangements which could have further implications for the business. Where a dividend relating to a prior year's accounts is deemed unlawful, there may be requirements for amendment and restatement of those accounts and there may be potential liability on the directors in respect of a misstatement of accounts. Remedying an unlawful dividend In some corporate circumstances, the shareholders of a company are able to ratify the company's actions authorised by the directors to remedy an apparent breach of duty. However, such an action is not available in respect of an unlawful dividend since this is an ultra vires act. Further, as the legality of the dividend is considered at the time it is made and the relevant formalities are required to be complied with at that point in time, it is not possible to retrospectively legalise an unlawful dividend. An unlawful dividend cannot be resolved by characterising it as some other type of payment either. It is possible to remedy or otherwise mitigate some of the negative consequences that may arise following an unlawful dividend, provided the company is not insolvent. While the available options will depend on the specific facts leading to the unlawful dividend, and legal, tax and accounting advice should be sought in respect of the specific circumstances, potential options include: Addressing the original issue: the company should seek to remedy the fact or issue that resulted in the purported dividend being unlawful. For example, where a dividend is unlawful due to a failure by a public limited company to file interim accounts, the company should ensure that those accounts are appropriately filed. Appropriating the distributable profits to the payment of the dividend: the shareholders can authorise, by way of a special resolution, to ratify the accounting entries in respect of the unlawful dividend by appropriating the distributable profits of the company to the payment of the unlawful dividend, provided that the accounts now do show sufficient profits. This should take effect so that the distributable profits are appropriated with reference to the same record date as the original accounting entry of the unlawful dividend. Release of shareholders: the company may enter into a deed of release pursuant to which it agrees to waive and release any and all claims which it has or may have against any of its shareholders in connection with their receipt of the improper dividend and under which it agrees to release them from any and all liability that they have or may have to the company in respect of it. Payment of dividend: the release in favour of the shareholders itself is a distribution by the company in an amount equal to the original (unlawful) dividend and so the company would need to comply with all requirements (such as having sufficient distributable reserves at the time of the release). Release of directors: the company may also enter into a separate deed of release with the directors under which it agrees to waive and release any and all claims which the company has or may have against its directors and former directors in connection with the making of the improper distribution. Correction of accounts: accountants may advise that the accounts need corrections. |
Posted at 26/11/2024 07:14 by all in eol Anglo Asian Mining PLCHistoric Distributions to Shareholders Anglo Asian Mining PLC ("Anglo Asian" or the "Company"), the AIM listed gold, copper and silver producer focused in Azerbaijan, announces that the Company has been informed by the Financial Reporting Council of an administrative technical issue with its distributable reserves, the payment of historical dividends in the years ended 31 December 2022 and 2023 and the share buybacks undertaken in 2022. This matter has no impact on Anglo Asian's current trading, nor on the Company's dividend policy going forward. The Company's dividends are payable out of its available distributable reserves. These are calculated by reference to the last filed annual or interim accounts. If interim accounts are used, these are required to be filed at Companies House. At all times there were adequate reserves in the subsidiary companies of Anglo Asian to pay its dividends. However, at the specific time of annual accounts being filed, funds set aside for dividend distribution remained within the subsidiary companies and had not been transferred to the Company at the appropriate time in order to make such distributions. The Company is currently discussing the situation with its advisers, and it plans to rectify this technical issue by holding a General Meeting to consider the necessary resolutions and, assuming these are passed, to regularise the position. This will put all potentially affected parties in the position where they were always intended to be in respect of these dividends. Full details will be contained in a Circular and Notice of General Meeting which will be sent to shareholders as soon as practicable. |
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