Anglo Asian Mining Share Discussion Threads

[terropol] 17/7/2018 08:21

Good Morning all.
Debt gone, we are getting 3% interest for the money on deposit, net cost 4% on money outstanding.
Cash will keep coming in every week via the gold sales in Switzerland.
Dividends knocking on our doors very soon, the market can price us at what it likes, The company will start paying our money back plenty soon enough.
WELL DONE to the all team in AZ.
Now hold on to your shares and do not let the market shake you out.
Remember we are riding a winning horse here. ENJOY THE RIDE.

[jbe81] 17/7/2018 08:20

Nice update. Some decent size buys, looks like share price moved back to accommodate them.

[bumpa33] 17/7/2018 08:19

usual delayed reaction...!

[return_of_the_apeman] 17/7/2018 08:08

Fwiw went straight through 50p last time and finished at 53p bid, expecting this leg up to reach into the 60s before consolidation on the way to £1

[jeanesy] 17/7/2018 08:06

looks like the sell on the news brigade have arrived! Do they never learn?!

[gutterhead] 17/7/2018 08:05

Great results. Well done Aaz.
Would be great if we could leave the 40,s

[2sporrans] 17/7/2018 08:00

The Flotation/Copper production already making presence felt.

[return_of_the_apeman] 17/7/2018 07:57

With the 2nd crusher online, watch production go through the roof in h2

:-)

[jbravo2] 17/7/2018 07:52

@loafofbread

Trust me on this, I KNOW Reza wouldn't accept 100m for the company. It is worth much more than that

[bumpa33] 17/7/2018 07:48

cracking quarter, well done AAZ!

[henwii] 17/7/2018 07:47

The Dividend could be much bigger than 4p IMO, they should make a real statement with the first one. 12,000,000 ÷ 114m shares gives approx 10p. $20m from Q3 operations would still cover all development and exploration cost and have plenty left over to remain cash positive.

[mr roper] 17/7/2018 07:43

Top performance yet again

[brasso3] 17/7/2018 07:42

Ok I was being conservative!

$25m at Q3? :)

[henwii] 17/7/2018 07:41

Brasso they already have $12.5m in the bank

[henwii] 17/7/2018 07:30

If you look at the last part of the RNS we are already 700k net cash as of 5 Jul 18.

[brasso3] 17/7/2018 07:26

If they pass 20,000oz (gold equivalent) in Q3, they could easily have $20m in the bank at the rate they are spinning off cash.

How is this sat at 45p still!!!

[ntv] 17/7/2018 07:25

happy with my small purchases
even though cash generation will fall in the next Q plus
the company should be able to pay a very generous dividend

[loafofbread] 17/7/2018 07:25

I don't understand why a major doesn't buy this for £1.00 or £100M and have it paid for within 2/3 years?

[jaspoland] 17/7/2018 07:19

Well done AAZ. Great set of results which are only going to get better from now on. Each q now will have over 20,000 Geo's. Let the fun begin

[catsick] 17/7/2018 07:12

Should be net cash within 3 weeks now ....

[brasso3] 17/7/2018 07:09

Great performance again from AAZ.

Net debt down to $2.9m from $52m a few years back.

The only outstanding loan is for $12m at 7% interest ($840k per year).

[bazboa] 17/7/2018 07:08

Nice set of results ? net debt $2.9m

[brasso3] 17/7/2018 06:40

Is today the day...