Anglo Asian Mining Share Discussion Threads

[jbravo2] 02/7/2018 23:04

3-6 months?
How does now sound?

[terropol] 02/7/2018 22:44

YASX, was looking forward to meeting you at the AGM...
Sorry you never made it.

[terropol] 02/7/2018 22:40

Yes gutterhead, and we will be printing GOLD not paper.
If you take account of moneys the company has in hand our debt is minuscule.
And cashflow will be coming in at (approx) 2.5m $ x week. week in week out.
That is approx $1m x week profit.

Can somebody remind me of our market cap.....LOL

[gutterhead] 02/7/2018 21:36

thats an incredible stat, terrifying
when the economy goes bandy, cash is always king
we are going to be debt free soon, 3-6 months

[lefrene] 02/7/2018 17:59

Scary numbers, one wonders what could possibly go wrong! Small wonder the CBI are scared of Brexit.

[goodgrief] 02/7/2018 17:45

Re. Anglo Asian's forthcoming dividend announcement, this article from Citywire shows the lunacy of the UK stock market in contrast to Reza's careful stewardship of AAZ.Dividend demand pushes UK plc into £391bn debt The UK's biggest stock market companies have racked up debts to a new high in order to grow dividends and respond to investors' insatiable appetite for income.Analysis of published company financial data by Link Asset Services shows that corporate debt has rocketed 69% to £390.7 billion since 2011/12. The bulk – £122.6 billion – of that debt has piled on in the past three years as companies have shelled out £263 billion in dividends to shareholders despite a squeeze on profits depressing dividend cover to new lows

[crazycoops] 02/7/2018 13:42

Stockopedia (and I imagine other data vendors) has not yet picked up the indicative numbers from SPAs flash note, meaning the current forecasts are just plain wrong. I assume this will not be corrected until we get a full note (hopefully shortly after this week's site visit rather than waiting for a resource upgrade). #patienceMy thanks also to those reporting back from the AGM, most helpful.

[terropol] 02/7/2018 13:12

puntogt. we got a copy of that at the AGM. See how many readers buy on that article...

[puntogt] 02/7/2018 12:35

There is a write up on aaz in the latest
www.sharesmagazine.co.uk

All positive mentioning increasing production, decreasing debt and maiden divedend.

[mikeelkin] 02/7/2018 12:22

Thanks for the clarification catsick - so that is how it works. Understand it now!

Mike

[lefrene] 02/7/2018 10:45

Those multiple £10,000 sales the other day look to me like an accountant type raising money rather than trading shares. I suspect that PWC are still harvesting their fees.

[terropol] 02/7/2018 10:20

With the 2nd crusher up and running in parallel, production will zoom up.
Q2 report will be reported very soon. Likely to get good figures.
We have 8m $ earning 3% interest, that reduces out cost to 4% on the equivalent part of the loan.
Incredible how this valuation held so low.
Analyst visiting the Mine this week, He will be impressed and will have plenty to wright about.

[cflather2000] 02/7/2018 09:54

The AISC is so low that I'm happy for the gold price to fluctuate. It would need to drop significantly before I was concerned. But yes, if it goes higher then happy days!

[catsick] 02/7/2018 02:55

Hi mike, I was there when Stephen was discussing the Heli survey they are doing the whole Gedabek contract area, which he was saying they may as well do everything while they have the kit out there rather than the specific areas they are interested in as doing everything costs only a small amount more. What he meant about the silver/copper I believe is that with gold at only 1g-3g per ton you wont get an idea from a Heli survey but by targeting copper which would be more like 10,000 g per ton you are going to get some sort of signal, and then where you find the copper the gold will also most likely be present. He was not implying they had given up on gold just that looking for copper from the airborne survey would be the easiest way to find it.

[friendzarin] 01/7/2018 23:43

Nice post Mike. Good to see you there. Couldn’t agree with you more about Steven. Very lucky to have him.
An impressive geologist I think but just as importantly very impressive managerial outlook. He is building a team alongside him who will be capable of analysing all the results of the 40 km drilling which will be so important to how AAZ prioritises it’s future activities.
Sorry btw I don’t think I was around when SW covered that but I’m sure one or two could oblige.

[mikeelkin] 01/7/2018 22:54

Double Post

[mikeelkin] 01/7/2018 22:54

Dear All

Apologies for the belated post. I have mostly been a lurker in the past but was at the AGM and like others spent some time chatting with Stephen Westhead. I would add that he was excited about the helicopter based seismic that will be happening in the near future and I got the impression that they were hoping it would give them some very useful additional info about Gedabek that they would have not got otherwise. What I had not appreciated (and correct me anybody if I have misunderstood this) but the additional data will relate mostly to copper & silver rather than gold - anything they learn about the latter will be indirect.

Stephen is a very impressive Geologist. I have spoken to him on a number of occasions and he is very unassuming and quietly spoken but he seems to have an incredible depth of knowledge and expertise, and gives great confidence in his ability to deliver.

I got the impression that he is in the process of building a very capable and expert team that will be instrumental in delivering the goods at AAZ.

Mike Elkin

[jaspoland] 01/7/2018 12:36

AGM noises all sounded very positive. Also see AAZ official Twitter account has been active over the last few days. Report and accounts 2017 now on website for those wishing to read it.
Let's hope 1250 is the bottom for gold and it bounces from here. 1300 gold and above and any concerns with AAZ disappear. Company in great shape but we need gold to be strong for us to get the share price above £1.

[jbravo2] 01/7/2018 10:27

It is only by attending these meetings (the more you attend the better your insights) you get to have the valuable chats after the meeting.
Worth travelling through a bit of hot weather, worth getting a train, worth catching a plane if you have to.

This is quite simply, the best investment on AIM.
The next three years will be unbelievably good. Far better than anyone can imagine.
I know I sound like a ramper, I know I sound evangelical.
I don't post this on other shares. I'm not a serial ramper. If you're not in here you're missing out. I've been saying it years and it's happening NOW (it started a while ago) and will continue at a real pace for the next few years now.
Expansion is coming. Dividends are coming. No share dilution.

[friendzarin] 30/6/2018 11:34

Thought all the Board and Execs were on good form yesterday.When I chatted with John Monhemius about the paper he published and presented last year on Flotation and Leaching at AAZ's plant he said he was presenting a further paper in Ottawa later this year which he had authored once again with Farhang Hedjazi regarding the company's water treatment plant and the reverse osmosis technology that is applied. He inferred that there were certain learning points that would be of interest to the international community in this field. He was particularly pleased that a company of AAZ's size was able once again to bring forward another subject matter in such a leading edge way which reflected well on AAZ's expertise.

[callmebwana] 30/6/2018 11:01

Peter, I wish you luck with your investment here. I think you will do very well.

[peterpowell21] 30/6/2018 10:45

I also bought more here.
So cheap i feel i should put a mask on buying at these prices.

[jeanesy] 30/6/2018 09:37

Thank you for all the posts to those of you who went to the AGM. All sounds very positive. Although there does appear to be a seller .. not sure why they are selling in 10K lots .. and the POG has been weak .. I decided on a small top up despite this years ISA being full. Hopefully the seller doesn't have many left and we can move up from here!

[mattjos] 29/6/2018 21:51

Agree jbravo .. that would get my vote as a sensible start to a long term sustainable dividend programme and one which leaves plenty of free cash flow to finance Ordubad next year and any further incremental capacity expansion at Gedabek.Also believe that a fair % of the divi payout would be used by many of the long term holders (with significantly lower average purchase price) to acquire more stock in the company.Exciting times ahead & very glad to hear that several made it along for their first AAZ AGM & have concluded, particularly re the management of the company, as I & others have.This seller will be gone soon enough

[jbravo2] 29/6/2018 21:26

I did say next year 4p.

FWIW I think it’ll be a divi of 1p declared with the half year results. Prob the same again at full year

(Hey Fz just got back in. The beer and cheese was fab. More than doubled this afternoons tally!)