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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
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 96.00 | 08:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 96.00 | 96.00 | 96.00 | 96.00 |
| 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 14/11/2024 08:40 by brasso3 LefreneThe problem is that AAZ has looked like a bargain for many years and has failed to deliver on the cashflow many here expect. There has been many posts over the years talking about resources in the ground but AAZ is drifting towards another AIM jam tomorrow company. In the last 5 years you would have made more money buying bullion than AAZ shares. |
Posted at 11/11/2024 12:13 by 2cmb There are no villages close to the property. Azarigold will be working along AAZ to look for any problems etc etc. The TD is upstream and there will be no problems raising it, it won't cost an arm or a leg either. Azarigold will be handling the permission.AAZ are moving cautiously. Not AAZ's fault if there is any contamination. The government or Azarigold will be informed in advance of any known contaminations, before AAZ start mining again at the Demirli Mine site. |
Posted at 11/11/2024 09:03 by 2cmb AV68' make the effort to watch that video I mentioned.Nowhere is safe these days, risk vias. Even AAZ in Azerbaijan can be risky !! Though a lot less riskier than African countries. Bumpa' is not too happy about the Auditor change at AAZ !! They Audit the result books is there something fishy ?? I doubt it though as the BoD hold 40% shares. I usually pay attention to his postings. I am in for a penny or a pound in AAZ. ATB. |
Posted at 11/11/2024 08:51 by foetus in your brain I don't think anyone is aware of AAZ beyond current and past shareholders. The figures for the last 12-18 months are appalling because of the shut down. The UK small cap market is dead. AAZ needs to get everything running at 100%,finish the tailings dam, confirm Gilar is in production, give realistic production estimates for the next 2-3 years and establish dividend expectations. An institutional investor would also help.But it is clearly all coming together. The market is just dead ATM. |
Posted at 08/11/2024 09:20 by king suarez ALTN haven't had the spare free cash flow to pay a dividend historically, and also have negative retained earnings they need to wipe out before they can legally do so.They are no longer capital starved and are now making strong positive cash flow, so the situation will reverse soon. This and next year's profits will more than wipe out the retained loss on balance sheet and so they will be in a position to pay dividends. They are also looking to expand though, so wouldn't expect huge dividends at this early stage in development, but a small token dividend would perhaps be a market signal. |
Posted at 08/11/2024 09:16 by zangdook Another point in favour of AAZ vs ALTN is that AAZ have a record of paying dividends and presumably will start again, which will give support to the share price ALTN have a dividend policy but they've done even less with it than AAZ did with their buyback. |
Posted at 07/11/2024 18:41 by king suarez Hi 2cmb,ALTN are currently producing at c10k ounce per qtr as per lastest update (last year 34.5k oz gold per annum) and as you know are in the commisioning stages of a plant upgrade that should enable them to produce at c55-60k p/a from some point onwards this quarter - that will be over $150m annual revenues at the current gold price. They have one mine (SEKISOVSKOYE MINE) with 3.5m ounces of gold at JORC measured and indicated resource - the plan is to take this to c100k ounce p/a of gold production over the next few years through largely internal cash flow (although they have access to $100m of bond financing recently put in place - $10m utilised). There is also a large second deposit (TEREN-SAI DEPOSIT) of which one of 15 target areas has a c1.5mm ounce gold deposit from the 2019 CPR. They recently agreed a 2 year extension licence to drill this deposit with a view to development. They believe (but obviously not yet proven) that the TS deposit has potential for 9m ounces. Exploration work is ongoing. They're looking at commisioning open pit mining here initially, but more work needs to be done to delineate the resource and plan. Potentially coule be a 2nd mine and plant developed here. The out of date old NPV calculations published for Seki and TS were $400m and $100m respectively, at a gold price half what it is today. This compares to the current market cap of c£60m GBP. The resouces are very large compared to the current scale of production i.e could support a lot of growth. At the AGM they mentioned the long-term plan is to get processing capacity up to 2m tpa - that's about 150k oz p/a at the mine grades they have. ALTN AISC is around $1k per ounce, so making plenty of profit at the current gold price. It is of course a pure gold play, unlike AAZ, which will be predominantly copper. AAZ will likely be a bigger player given what is mapped out, but it is also twice the market cap of ALTN and more of a Copper producer. I would say AAZ also appear to pay a higher share of netbacks to the govenment due to the terms of the PSA. It is worth reading the posts by tim000 regarding his discussions with managemetn at the ALTN AGM from 11627 onwards on the ALTN thread. I'm happy to be invested there given the prospects. I think AAZ is also a great bet. Regarding persistent seller(s) - it's only really the last couple of days where this has occured. Could be profit taking, could be risk aversion due to the stall in the gold price. It's not huge money and it doesn't take much to move the ALTN share price given the very low free float - most other goldies are down a bit? |
Posted at 29/10/2024 16:28 by 2cmb Wan' if I remember form the past news from Azerbaijan,that the Government there was trying to raise $5 Billions to progress mining and other industry in the country.What is there to say that they may give a grant to AAZ to move the Demirli Mine opening sooner ? They need the workforce in Nagorno Karabach to find jobs as soon as possible ! Demirli Mine employed 1400 people before it shut down. That is a lot of jobs for the Azari Government to help AAZ open soon and create these jobs. It would benefit all people concerned. I am sure the BoD are having conversation with the Government. JB' has mentioned on the main thread that the Government want the Demirli Mine operating as soon as possible. Let's wait and see what developments take place over a few months. The Demirli Mine would produce a lot of finance for the Government and for AAZ with all the jobs as a bonus for the Nagorno Karabach economy. 20K tones of Copper is a lot of $$$'s. The AISC is also going to be very cheap. So around $200 million, minus the costs. Never mind all the stuff mined at Gedabeck area. |
Posted at 29/10/2024 09:18 by 2cmb Jbe81' it is a matter of what is likely to happen in the future with any mining outfit.The stock market is always forward looking. There are a lot more possibilities of events happening with AAZ currently than any other Gold or Copper miners that I am aware of. The Gilar ore is very rich in its content. We will find out the AISC figurs in January results. AAZ gives the Copper in results as Gold ounces produced currently. Later on I think the Gold production will be shown as Copper Tones produced when the Demirli Mine is in production. As AAZ will be a Mid Tier Copper Miner over time. I would rather be invested in Azerbaijan than in any country in Africa,Mali etc. are not a very safe places. All sorts of political risks around IMO in Africa. AAZ's market valuation currently is around £130/134 million+. The Demirli Mine alone cost $136 millions to set up in 2016. What would that cost be today with all the inflation that has taken place over time since COVID ?? I would estimate that cost currently to be well over $200 million. I expect the Demirli Mine to be in production by the end of 2025 or early 2026 latest. The Azari Government is pushing AAZ to get the mine into production as soon as possible for the Azari's that have gone back to Nagorno Karabach. It employed 1400 people before it was closed down. The value of the Demirli Mine is not counted currently in AAZ valuation !!! It will produce minimum of 20K Tones of Copper per annum. Just try and do the figures please. That is why I try and do regular top ups here. I bought some yesterday. I am all in here and a very happy holder. AAZ is still very cheap IMHO. The Stock Market is wrong in the AAZ valuation currently. Not forgetting the juicy Dividend we will start to get in the future. I am an investor not a trader. Nor am I a ramper of this Co. Hence I don't discuss much any other shares these days. NAI as always. ATB all in whatever you are invested in. |
Posted at 24/10/2024 14:52 by 2cmb Hi Wan, comparing the ALTN and AAZ charts for the last 12 months works out neck in neck % gains !!Only for the time being until AAZ decides to give us the Demirli Mine news. I think then AAZ will be the winner in the long run. Let's wait and see. [...] |
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