Anglo Asian Mining Share Discussion Threads

[return_of_the_apeman] 16/1/2018 08:14

Mms have f all stock, can only get 1k volume to buy since open at full price of 44p but they will take all off me at 42.5p

[bleepy] 16/1/2018 08:12

Excellent results, with Aaz commenting...

"Anglo Asian is continuing to lay the foundations for long term sustainable production growth and to deliver value to its shareholders. Mining is expected to recommence at our main open pit at Gedabek in the near-term together with the installation of a second, dedicated crusher line for the flotation plant. These should significantly enhance our production profile throughout 2018. I look forward to providing further updates on forecast 2018 production and expansion and exploration objectives in the coming weeks."

Mid tier production here we come...

[2sporrans] 16/1/2018 08:10

Net debt only $14.4-mn after deduct Reza's $3.9-mn soft loan.

Bring on the crusher!
+ more flotation tanks please.

Not a lot of selling on-the-news ...yet.

How long until the vital exploration/dev. update....?

[loafofbread] 16/1/2018 08:06

Profit of $28M on a MCap of $65M (plus $18M debt)?

So $30M on $85M?

Sounds rather cheap.

[return_of_the_apeman] 16/1/2018 08:00

Good spot Catsick, which gives a conservative estimate of 28m profit for the year we are now in. With all the improvements to come online thus could be much higher

Quality outfit

[brasso3] 16/1/2018 07:53

Wow. AAZs best ever quarter. :)

[return_of_the_apeman] 16/1/2018 07:52

Very pleased with this

Debt reduced by 47%. The Company had net debt at 31 December 2017 of $18.3 million, a reduction of $16.3 million since 31 December 2016.

Net profit was $6.78m last year so this is an increase of circa 2.5 times from last year's results

We need to calculate a profit projection and a forward pe so that we can tell what the broker upgrades should be when they get round to sharpening their pencils

[yasx] 16/1/2018 07:51

Outstanding update: production at the top end of the range, halving of debt & further improved production numbers expected this year based on Q4 output- Hence why I selected it in my top 5 smallcaps for 2018

[wrighty46] 16/1/2018 07:47

Pivotal, well done aam. I still get it, will the market? GLA

[gutterhead] 16/1/2018 07:40

Q4 excellent, work done on time, all future tasks on schedule, debt reducing, lets see how quickly the market react. well done aaz management

[catsick] 16/1/2018 07:38

Paid down 7m of debt with lower than current gold prices over the quarter while bringing on the water treatment plant and tailings dam improvements, with current gold price they can just about clear all the debt and be net cash by end june !

[mad foetus] 16/1/2018 07:34

Looks very good indeed. I think there are some similarities to GFM, in that very soon we could have an expanding miner with zero debt chucking off lots of cash. The market doesn't see that often.

[tradeforce] 16/1/2018 07:32

If the did 100k+ GEO does that not mean that next year they could reduce debt to zero and still have multiples of the current share price in the bank to start paying significant dividends?

Or am I being a bit simplistic and stupid?

[ilostthelot] 16/1/2018 07:32

Delightful jbravo 😊

[ilostthelot] 16/1/2018 07:31

Wow. +20% day potentially the market will rerate now ~ great update , one of the best.

[jbravo2] 16/1/2018 07:29

Dear AIM gold companies,


This is how you treat shareholders.
You don't issue endless shares at reducing prices. You actually make money.

Well done Reza. Well done all at AAZ

[jbravo2] 16/1/2018 07:28

That reduction in debt is fabulous.
The production for Q4 is brilliant.
The possibility of c100k GEO in 2018 is tantalising
Dam wall done too.
Crusher expansion timeline confirmed for Q2.
Odds for flotation expansion this year too??

:)

[killary cunton] 16/1/2018 07:26

Well done management

[friendzarin] 16/1/2018 07:20

Congrats to RV and all involved. These figures show how amazing the achievement has been in 2017...and the massive potential for 2018.

[jeanesy] 16/1/2018 07:18

Production at top end of expectations..debt coming down nicely... very good. Not got much chance to fully digest other news but all looks good at first glance. I suppose the sell on news brigade will follow !! Not me though !!

[jbe81] 16/1/2018 07:13

Looks like 2018 should be 100k+ GEO

[jaspoland] 16/1/2018 07:10

Even my 22k GEO q4 was beaten ;)

[jaspoland] 16/1/2018 07:06

Wow. Well done AAZ