Anglo Asian Mining Share Discussion Threads

[cyberbub] 31/7/2018 17:50

Copper and gold jumping northwards... have the shorters of the last 6 weeks closed and gone long?

[mattjos] 31/7/2018 17:33

wanobi ... we could go on and on. Several here are extremely familiar with the company since IPO & some from before IPO.

(I personally have tracked it pretty much every day since March 2009 & have met Reza & other members of the BOD).

Feel free to ask whatever you want but, I would also say, don't hesitate to contact the company and ask questions from Bill Morgan or Reza himself. They are usually quick & full-some in their responses.

Self-publicity (in the way most AIM mining companies blow their trumpet every day) is not really Reza's style so, you may justifiably say their PR has not been as strong as it could have been over the years but, the company is making the effort now & Bill Morgan has been seen as the 'point man' on this since he took over as CFO. Stephen's time will no doubt come later this year.
Reza has assembled a terrific team and he is the type of personality that engenders fierce loyalty amongst his team ... he is in altogether different league to the usual AIM spiv.

[celeritas] 31/7/2018 17:30

Reza has three times now lent his own money and forgone salary in order to avoid unnecessary equity dilution and to keep the company on a growth curve. How many CEO's would do that.
AAZ is now on top of the ore, processing and costs. AAZ is net cash positive with recoverables out to 2023.
There's the biggest 3 year exploration plan now in action in its history with great incentives for the workforce.

[celeritas] 31/7/2018 17:02

Yep, the rest should get a mention, Reza did assemble them.

[terropol] 31/7/2018 16:58

Celeritas, and the rest of the board also top people.

[celeritas] 31/7/2018 16:24

wanobi, just because its very cheap doesn't mean there is anything wrong.
I'm expecting at some point next year or even late this year many more posters to pop up and say I didn't buy because it was too cheap which I thought must have meant something was wrong.
AAZ got down to levels it should never ever have seen courtesy of a large 16%+ shareholder who liquidated everything. If it wasn't for Bashirov then I don't believe it would really have fell below 20p.

Sometimes you need to take a chance although having held this stock for years I don't see it that way anymore.

The CEO is a stand out guy among AIM companies, you will really struggle to find a better CEO.

[lefrene] 31/7/2018 16:03

As it's been an apparently pretty much one way market all day, I would guess there is a sale to go through at some point?

[jbravo2] 31/7/2018 15:45

No stock again. Any decent buy will move it again.

[terropol] 31/7/2018 15:38

WANOBI. Nothing sinister with AAZ.
All investments have risk attached.
AAZ less thank many others.
This is a good company. Been here x 13 years.

[dianecarberry] 31/7/2018 15:31

It's not undervalued at all.

It is overvalued.

Worth 10p tops.

[lefrene] 31/7/2018 15:29

wanobi, it just seems to be a bit of an anomaly, perhaps too small to get institutional interest? Excellent management and very cleanly run, a rare thing on AiM. There may have been some selling due to PWC selling off some stock due to the collapse of Beauforts (look it up), but that selling should be cleared by now. I concur with jbravo2, there's no catch, but it does indeed look too good to be true!

[jbravo2] 31/7/2018 15:28

He dumped 16.2% of the company.
Write it down matt
:D

[mattjos] 31/7/2018 15:26

You tell us wanobi :-).

No catch as far as many of us here are concerned ... quite a few of us have 1m+ positions in the stock and many of us have also remained buyers since the 4-6p level two years ago & are still buying now.
Your comment probably summarises the key issue ... it is so ridiculously cheap that many people simply walk past in disbelief.

The stock only ever dropped back to the 4-5p level because of a forced seller who had to dump 16% of the company as he was facing jail time. Despite the 10-fold increase from the lows, it has still not recovered to the high 50's level, at which the seller started his garage sale.
In the interim 4 years since Bashirov became a persistent seller, the company has transformed its underlying financial metrics ... it is simply a genuine gift-horse, this one

[jaspoland] 31/7/2018 15:24

Wanobi, Do you wanobi rich? (Sorry) Then you may have found your home

[jbravo2] 31/7/2018 15:22

There is no catch.
Stick it all in here.

I could try to be more logical and less ramptastic but this is what it comes down to.

[wanobi] 31/7/2018 15:07

new to this, err, can someone tell me why this stock seems so undervalued, what's the catch likely to be? simply bought out now by existing bulls with no more funds to commit? currently more sellers than buyers or something more sinister likely going on?

[wanobi] 31/7/2018 14:57

new to this, err, can someone tell me why this stock seems so undervalued, what's the catch likely to be? simply bought out now by existing bulls with no more funds to commit? currently more sellers than buyers or something more sinister likely going on?

[mattjos] 31/7/2018 14:40

far too cheap to ignore this morning so have been adding.
30% of Q3 in the bag now and this is the Q in which we will take another big step up in production.
No legal obstacle to paying maiden divi now and pretty much any day now we will get exploration / JORC news

[2sporrans] 31/7/2018 14:36

Good call Basem1.

[lefrene] 31/7/2018 14:17

Looking at these graphs, gold seems to have risen by $100 a month in a slightly erratic pattern, and currently falling in a much smoother pattern by $50 a month, perhaps reflecting the path of the strengthening $?.

I'm interested that China is trying to turn itself into a petro-currency by partially linking the yuan to gold, the idea being to attempt to under mine the $ and lure oil trading into using the yuan where possible. I don't know how well that experiment is going, but one would expect the Chinese to want to be leaning towards a healthy gold price. Although the price of gold has slipped over the past couple of months, it doesn't seem outside of a normal annual range.

AAZ has a good margin over production costs, a wide moat that is much better than many others.

[2sporrans] 31/7/2018 12:57

The low cost / high margin production [on the gold at least] notwithstanding, this continued fall in the POG is eroding the [still abundant] earnings flow significantly.

The initial fall in POG, April to mid June could be explained fully by $US appreciation; hence of little concern here, not least as reciprocal cost reduction in Manat prices or indeed £.
However, since mid June [or $1,300/oz POG if you prefer], the fall has little to do with $ strength, at least not directly.
The price of gold has fallen equally in basket of of other currencies terms:



Not making a huge fuss about the POG but may as well get facts straight.

[lefrene] 31/7/2018 12:56

In view of the clear strengths of this business the selling appears irrational from the point of view of an ordinary holder, thus I repeat my view that the selling comes from an entity that has no skin in the game.

[basem1] 31/7/2018 12:56

Only 10,000 lots left at 44.875p Anything more and it's a NT. A couple of buys and it should move.

[basem1] 31/7/2018 12:51

My feeling is there's just a bit of an overhang from yesterday and last week. Another 30-40,000 bought should clear it.

[2sporrans] 31/7/2018 12:47

Guess you're likely right about a background seller today Lefrene.
Alternatively, maybe a big sell went through but not yet displayed; happens not a few times.