Anglo Asian Mining Share Discussion Threads

[sportbilly1976] 18/12/2018 10:38

FYI - December spreadbets rollover at tonight's close

this quarter has seen a significant rise so will be some profits banked..possible new positions opened tomorrow on the back of this?

edit: although be watchful in case the MM's knock the share price down a bit in the last 20 minutes to lower the close

[sportbilly1976] 18/12/2018 10:36

Gold edging to $1250

[wanobi] 18/12/2018 10:25

and now the second one..... good, now you black swans, do stay away :-) cheers Wan

[wanobi] 18/12/2018 10:19

finally one of my trades appears as a buy on NEX, lol, cheers all, Wan

[wanobi] 18/12/2018 10:15

best things I've seen from them in my short investment life experience!!! cheers Wan, thanx again Jeanesy...

[wanobi] 18/12/2018 10:11

courtesy of Jeanesy, thanx...



Cheers
Wan


Anglo Asian Mining PLC: THE INVESTMENT CASE
INVESTMENT OVERVIEW
Anglo Asian heads higher as confidence in Gedabek licence grows
Share
12:45 17 Dec 2018
A first interim dividend was announced in September, since when there has been more good news

INVESTMENT
OVERVIEW: AAZ
The Big
Picture
Plan is coming together for Anglo Asian
Anglo Asian Mining PLC (LON:AAZ) has more or less tripled in value over the past year as its transformation has become clearer.
A first interim dividend was announced in September since when there has been more good news as production from the company’s clutch of mines in Azerbaijan has continued to rise.
Broker share price Angel believes the share price can go further and expects the firm’s dividend to “nearly double next year”.
Anglo Asian can become “one of the top-yielding precious metals producers on the London market”.
There are several reasons for this price strength, but the central one is that Anglo Asian has been expanding operations and upgrading resources at its three mines in Azerbaijan.
Three gold and gold-copper mines supported by exploration
Its main mine is the Gedabek gold-copper open pit.
Nearby are the high-grade underground Gadir gold-copper mine and the Gosha underground gold mine.
In September, the firm boosted the total gold and copper resource amount at the Gedabek open pit to just short of 1mln ounces of gold, 63,375 tonnes of copper and 8.2mln ounces of silver.
Within that, the measured and indicated portion rings in at 800,000 ounces of gold, 53,676 tonnes of copper and 6.8mln ounces of silver.
Reserves meanwhile were 343,160oz of gold, 36,011 tonnes of copper and 3.4mln ounces of silver.
That’s about four years worth at current production but it’s not just production and cash flow that has changed for the better, investors are now much more upbeat over the long-term potential.
The Gedabek contract area also has significant exploration potential along a mineralised belt within its 300 square kilometre area.
Underground link-up between Gadir and Gedabek underway
Construction of a tunnel between the Gadir and the Gedabek mines also intersected Gedabek-style mineralisation at the end of the tunnel drive.
It is further planned to extend this tunnel along the Gedabek mineralisation beneath the back wall of the open pit and to fan drill to assess the mining potential for an underground mine.
Strong first half
An airborne geophysical survey has also just been completed over the entire Gedabek licence to identify new drilling targets.
The hope is that Anglo Asian will identify more deposits like Gadir and Gosha and that eventually, Gedabek might evolve into a substantial gold mining district.
Even with the strength of the shares over the past year, any evidence that might be the case would propel them to another level entirely suggests the broker.
In addition to the maiden interim dividend, the miner also delivered a 22% year-on-year increase in total production of gold equivalent ounces, swinging to a pre-tax profit of US$8.1mln from a US$1.3mln loss the year before as revenues climbed to US$40mln from US$29.8mln.
Fat margins reflect low production costs
Gold prices helped those numbers, but production costs per ounce also fell 4% to US$543 compared to the same period a year ago.
At the current gold price of US$1,206 per ounce, this translates to a profit of US$663 for every ounce mined.
That margin has helped boost the company’s cash balance to US$12.5mln from US$2.5mln last year and slashing its net debt from US$18.1mln to US$2.9mln.
For the whole of 2018, the company is targeting between 78,000 to 84,000 gold equivalent ounces (GEOs), a 13% increase from 2017.
Whether the larger Gedabek area will yield as much as hoped remains to be seen, but Stephen Westhead, who is the director in charge of geology, recently bought 60,000 shares at a price of 86.3p, which must reflect some confidence in the exploration programme.
According to share price Angel: “We feel a lot of upside potential in the company remains reflecting expected busy news flow on the exploration front focused on both extending known mineralisation at producing deposits as well as an opportunity for a greenfield discovery.”
In October, Anglo added it would hit the upper end of the estimate after a strong third quarter.
At 89p, the company has a market cap of around £103mln.

[wanobi] 18/12/2018 10:07

bwana, I have yet to find my sleep disruption point so there may well be more AAZ in the top up style when AAZ is over 100p,,,, if you can't beat em, join em, hey mattjos :-) cheers all, Wan

[wanobi] 18/12/2018 10:02

aha, thanks SB, I will look into these things over the Xmas break, cheers Wan

[sportbilly1976] 18/12/2018 09:45

wan,

AJ Bell (Youinvest) do individual shares in a SIPP, £9.95 a trade and £4.95 if you made 10+ trades the previous month

[wanobi] 18/12/2018 09:41

bwana, thanx, but can they work with a SIPP, I've been told by an investment mate of mine that HL is the only SIPP broker I can use if I want to trade individual stocks and not buy unit trusts, funds and the like? thanx cheers Wan

[wanobi] 18/12/2018 09:39

yes SB, probably, I do hate the way they can play around with these things, its not fair on us small guys,,,, although what in life is fair, lol.... still its just not cricket to me old chap :-) cheers Wan

[callmebwana] 18/12/2018 09:38

Well done Wan. Glad you got them at long last. :o)
Next time break the order with odd numbers.Is there going to be a next time??

I use (Jarvis) Share Deal Active, for my trading. Give them a call. £9.50 a trade.
I have been with them for a very long time.

[sportbilly1976] 18/12/2018 09:35

expect a tick up so your 2x 25k trades come through reported as sells :)

[wanobi] 18/12/2018 09:28

yes indeed, my average is now 60p, so I really could use it going up now :-) lol,,, I'm slowly falling into line with how you guys play this game... thanks for all your help, cheers Wan

[sportbilly1976] 18/12/2018 09:25

good going Wan - MM's chose to delay the reporting then too :)

[wanobi] 18/12/2018 09:23

and another 25K at 89.845p, my work is done for today, cheers all Wan

[wanobi] 18/12/2018 09:19

just got 25K online :-) cheers Wan


18/12/2018
20/12/2018
Anglo Asian Mining Ordinary GBP 0.01
25000 @ 89.845
89.845
25,000
-22,471.20

[wanobi] 18/12/2018 09:17

Klosters, I called HL, all good learning stuff, they do not trade during the auction periods at all !!!! mattjos is correct, I'll have to chop it up, use fill or kill and gradually accumulate to the 50K in lumps of 10K today.... I need to find a better SIPP broker... thanx for your suggestions guys, cheers Wan

[callmebwana] 18/12/2018 09:14

Good morning all.
Wanobi, I hope you have read the Proactive Article about AAZ??
I like the bit that AAZ could be the cheapest Miner of precious metals in LSE.
Mining one ounce of Gold @ $543. I know of no other Miner producing cheaper.
Roll on the JORC and the Heli Survey news.The whole area could become a district of Gold mines.
I think Santa is going to pay us a visit before long.

Matt is right. I did tell you to do that last night.
ATB.

[mattjos] 18/12/2018 09:04

You need to chop your order up wanobi .. 3-4 parcels. Use odd numbers

[wanobi] 18/12/2018 08:57

hi klosters, thanx, but I'm online with HL as the cash is in my SIPP, do they not do that automatically? that's the question I need to find out, thanx, I'll call them, cheers Wan

[klosters65] 18/12/2018 08:55

Apologies. Obviously, I mean 89p.

[klosters65] 18/12/2018 08:45

Wanobi Morning. Suggestion. Instruct your Broker to put your bid for 50,000 shares at 49p in the 9.00 am auction.

[wanobi] 18/12/2018 08:37

Bumpa, FED should not raise interest rates this week,,, bond market yield curves are flat pointing to a cut, not a raise,,,, US inflation is Zero,,,,, if they raise its to spite Trump is what I see on CNBC today!!!!! cheers Wan

[wanobi] 18/12/2018 08:25

echo bwana, thanks for posting here mattjos, your input is very much appreciated... as share price is so poor and you and others know so much more about AAZ than they do how about us setting up a u-tube channel for AAZ and we do our own interviews, charts, site visit reports and so on!!! I'll be the numpty that asks the questions (as I'm not much use for anything else right now, lol) & interview you and the others over a series of shortish movie clips.... we'd blow SP, proactive et al out of the water :-)

just an idea at the moment and I'd have to figure out the logistics and get the time to set it up, but, I'd be interested to know if people would at least be interested in doing it, in principle at this stage??

Cheers
Wan