Anglo Asian Mining Share Discussion Threads

[jbe81] 12/7/2018 10:28

It’s a large seller in the auction driving the price down

[2sporrans] 12/7/2018 10:27

Surprised me too Jeanesy, especially this close to Q2 results.

Bagged some at 41p having just looked in.....
Checked at the open and first 15 or 20 mins and it looked like another very quiet day, devoid of much price move if any.
From what can see, a flurry of small/modest sells was enough to shift the prices maybe 7 or 8%!
Those alert enough [or with limits placed] to grab 40.5 must be pleased.

For that price a 2p dividend is near as damn 5%.
Given the divi is sustained and grown even a little over next few years, this will both attract new buyers and sway towards a hold rather than trade approach, as well as provide a tidy income.
Ever more rewards for the patient.

So, guess the Q2's will come out next Tues/Wed/Thur.

[jeanesy] 12/7/2018 09:07

looks like i was a bit too eager, can now buy at 40.5p !! Never thought we would see 40p again!!

[jeanesy] 12/7/2018 08:32

Decided to buy a few more at 41.5p, even though isa now full, so building a few to bed and isa next year !

[catsick] 12/7/2018 08:23

I asked at the agm what a reasonable proportion of free cashflow would make sense as a div but they didnt want to comment beyond pointing out that the board own a load of shares and they are as keen as anyone to have a good payout, my guess is 2p for this year after the share premium acct is made into distributable reserves and then maybe rising to 4p next year if targets are all met ...

[jeanesy] 12/7/2018 08:18

Can currently buy at 41.5, has to be a bargain at this price again surely !

[king suarez] 11/7/2018 14:28

Just wanted to check I'm not going mad! Thanks..

[celeritas] 11/7/2018 14:21

KingS, DS is a new handle created in April. Best to just ignore the total tripe he or she spouts.

[friendzarin] 11/7/2018 13:58

Azerbaijan prepares the AZN 150 bn worth non-ferrous metal roadmap - Abc.az





July 10, Fineko/abc.az. The cost of metals in the bowels of Azerbaijan is estimated at AZN 150 bn.

AzerGold’s chairman Zakir Ibragimov has stated that the Company applies a complex approach towards development of promising fields of non-ferrous metals on the territory of Azerbaijan and their commissioning.

"Development of a roadmap on extraction of non-ferrous metal began with this purpose. The document will cover bringing into conformity the data available in the archives from the Soviet times with modern standards, including their transfer into digital format, new calculation of mineral resources on the basis of international standards, development of a plan on operation of the fields. Detailing will contribute to more sustainable and efficient management of fields from economic and environmental angle," Ibragimov said.

He says that cooperation with the Ministry of Economy, the Ministry of Ecology & Natural Resources and other governmental agencies is underway for these works.

"According to preliminary estimate, total cost of metals in the bowels of our country exceeds AZN 150 bn," Ibragimov said


Not sure where Azergold is going with all this upbeat big picture stuff.Meanwhile what exactly is happening at Chovdar.

[king suarez] 11/7/2018 13:45

Is it possible you are looking at the accounts of a different company? This is Anglo Asian Mining. I don't see that figure in the 2017 report and accounts I am looking at...

hxxp://www.angloasianmining.com/scripts/php/rns_viewer.php?id=27510934

[dianecarberry] 11/7/2018 13:38

Net cashflow $8.7 million

[king suarez] 11/7/2018 13:33

Operating cashflow before movement in working capital = $32.2m Net cashflow from operating activities = $29.8m

Quote me a figure that you are looking at?

[king suarez] 11/7/2018 13:30

There is no such term as 'net operating cashflow'... Do you mean operating net income? Perhaps you are confusing cashflow with profits?

[dianecarberry] 11/7/2018 13:22

you need to look at net operating cashflow figure.

[king suarez] 11/7/2018 13:20

Diane,I quoted that figure directly from the annual report and accounts lol - what figures are you looking at??

[dianecarberry] 11/7/2018 12:57

"Operating cashflow for the year ending 2017 was $32.2m"


Utter rubbish. Go read the accounts again and come back to me.

[puntogt] 11/7/2018 12:45

Hmmmm, think about it, look at the AISC, look at the POG, × (70k oz / Y) look what the debt will be. Consider when they prove up to a ten year mine life, never mind additional areas. Look at the measly current market Cap !

[king suarez] 11/7/2018 10:36

Operating cashflow for the year ending 2017 was $32.2m, during which the company paid down $18.1m of debt..... this year production will be even higher, at a similar margin - so what is your expectation for future annual cash flow at current gold prices? Have you actually done any research into this company?

[dianecarberry] 11/7/2018 10:27

Free cash flow is nowhere near $20 million per annum.

[king suarez] 11/7/2018 10:17

Yeah, a market cap of c£12.5m for a company almost debt free and making c$20m of free cash flow per annum is much more sensible than a market cap of £50m *rolls eyes* - good luck shorting!!

[dianecarberry] 11/7/2018 09:48

This is a classic short.

Simply way overvalued.

Sell

Worth 10p max.

[peterpowell21] 11/7/2018 09:44

A stonking buy this.
Just a mere 49m Market cap, and soon to be paying a div.
Whats not to like.

[abbotslynn] 10/7/2018 23:18

Pennies to POUNDS very soon

[mattjos] 10/7/2018 22:55

The recent share price Angel note alluded to a 2p/share dividend.We all know that share price Angel have been under significant shareholder pressure to get ahead of the valuation curve with regards their tardy coverage on the company & so, I think it is reasonable to assume that a 2p dividend figure was not randomly plucked out of the air. It would have been arrived it after consultation with the Directors of the company.If we assume the share price trends up towards the 80p level in the coming 12 months, at that price it will yield 2.5%, on a historical basis. We might reasonably assume the 2019 dividend will be more than 2p/share so, the prospective yield would then be more than 2.5%.As things stand, Gedabek, Gadir & Ugur will still all be productive assets .. & we'll be half way through a self-funded $8m exploration programme ... there is plenty, plenty more to come here beyond the 80p hurdle, imo.