Anglo Asian Mining Share Discussion Threads

[mattjos] 16/5/2019 10:29

I believe, near as damn it, 10% yield for those buying today and holding for 15 months & current price is at least 50% undervalued.

keep selling please chaps …

[mattjos] 16/5/2019 10:25

will be interesting to see how Stockopedia software views this once its software gets the figures.
Certainly going to flash up in front of more folk shortly.

spread now less than 2% online .. that is just about the tightest i ever recall it being here

[supercity] 16/5/2019 10:20

I said it before and I will say it again - I really believe this share is very undervalued and will do a HOC type rise over the next twelve months

[podgyted] 16/5/2019 10:17

Glad he is now in the money. He's got a lot of work to do over the next few years!

[sportbilly1976] 16/5/2019 10:11

I wonder if Stephen will take the opportunity now to add a few too?

[bambo1] 16/5/2019 10:09

This stock is getting quite boring, it just seems to keep going up, but I do like boring. :)

[sportbilly1976] 16/5/2019 10:09

mad,

indeed - topped up here this am on the back of the results, not quite under 100p but almost :)

on many measures this should be 25-50% higher than the current sp, and with reasonable income to boot too

[gadolinium] 16/5/2019 10:07

What can I add to what has already been said? Great results, especially the dividend and future prospects, and good to see a management that seems to be on our side for a change in this wicked world.

[mattjos] 16/5/2019 10:05

indeed yas & jb.

I always use the prize-vegetable grower analogy.

Plants a lot of seeds and watches closely .. thins out the ones that do not show promise and nurtures those that look most likely to be record-breakers.
Continues to do same as the growing season progresses.
He is not going to break any records by culling out the exceptional plants.

As an investor you should, imo, follow same methodology. Cast your net wide, make some early stage investments, keep watching and following progress. Cull out the duds and add to the winners.

Yet, only this week we have had one person here cull out some of his winning AAZ stock and put the hard won proceeds into IOF .. to instantly lose all his prior gains within 24 hours.

[mad foetus] 16/5/2019 10:01

Nicholas Darvas, whose book is cheap and a great read, once said that there is never any reason to sell a share that is rising. I would add, especially one with a wide spread. But if you didn't sell yesterday, with the "risk" of results disappointing, why consider it today when they have been great?

[sportbilly1976] 16/5/2019 10:00

yep - STCM too on an almost 9% yield for those buying at the moment, with potential significant capital appreciation to come as/when the seller clears

[wanobi] 16/5/2019 09:56

indeed Sb indeed :-) LOL cheers Wan

[jbravo2] 16/5/2019 09:56

"It is always better to add to a share that shows underlying improvements than to sell the same. But, each to their own."

Well said.
Ridiculous isn't it? Some people just don't get it.

[mad foetus] 16/5/2019 09:55

So, the sell on the news poster are exhausted, who is ready for the next leg up. Will there ever be another buy below £1?

[sportbilly1976] 16/5/2019 09:55

nice couple of days income wise...3p divi at STCM yesterday announced, and 4 cents here (at 1.3 FX = 3.08p) here today :)

[jbravo2] 16/5/2019 09:55

@matt
Couldn't agree more. The chairman's statement is a fantastic read.
Positive after positive.
The numbers backing all this up are astounding.

The current exploration and hints of development at Gosha and Ordubad are juicy enough.
And then we acknowledge we will "aggressively pursue any suitable opportunities outside Azerbaijan which it believes can be made commercially successful."

Just amazing.
Gonna be a hell of a ride.
So looking forward to the AGM

[yasx] 16/5/2019 09:54

Well, there we are - nothing much to say other than the story just seems to get better. It is always better to add to a share that shows underlying improvements than to sell the same. But, each to their own.

If only one new institution were to add its name to the register, I firmly believe that in the eyes of many the perceived risk profile of this Co. would change overnight.

I do wonder if the hopeless share price Angel will alter their targets to properly reflect the potential here. They seem to have targets of multiples for many other duds they cover, yet one of the few decent outfits they have they seem keen to be cynical about. Not that it matters in the long term, everything reverts to value eventually.

[mattjos] 16/5/2019 09:50

indeed danbatsb1 .. indeed!

[danbatsb1] 16/5/2019 09:49

"We recently announced a new discovery within Gosha at the Asrikchay target area.
This polymetallic discovery is exciting as it is the first indication of copper in the region.
We have a track record of rapidly advancing discoveries as evidenced by Ugur, which progressed from discovery to production in just over a year, and we are confident that we can replicate this approach with any future discoveries."

A hint that this might be fast tracked into production maybe?

[wanobi] 16/5/2019 09:48

TXP



Cheers
Wan

[mattjos] 16/5/2019 09:45

the level of professionalism in the news releases from the company is absolutely superb now. They have very clearly listened to all the feedback from their investors over last couple of years.

AAZ now the AIM benchmark, as far as i am concerned, as to how to present communications to the market.

Will re-read at leisure later this eve but, first blush, this is an exceptional RNS

[mad foetus] 16/5/2019 09:45

I'm not selling but am delighted when others trade. We need volume and liquidity. I am just wondering how I managed to buy some on a spread bet at 68p a few weeks ago (and why I didn't buy more!)

[polaris] 16/5/2019 09:44

Great set of results, but we knew that was going to be the case.

On the valuation then the market is obviously discounting due to the 'short' LoM to 2024. Yes, we all know that this will likely be increased and there are new prospects to be developed, but the market can often be an ass. I would expect a valuation on a metric of 10x FCF, maybe slightly discounted. That also gives little in-the-ground carrying value to the wide portfolio that AAZ have.

For 2019, the FCF will rise to something near $40m after capex and the top-slice of revenues to the government. That gives a nice uplift to the probable dividend for 2019 (as high as 9c) as well as building a cashpile to fund development of new mines from internal cashflow.

You cannot ask for much more from a small miner. :-)

[callmebwana] 16/5/2019 09:41

Wan, quality always wins,that is what we have in AAZ.Not only appreciation in share price but also an income. The daily gyrations in the share price is irrelevant to me. I don't want to trade this share,the spread makes it difficult enough anyway.
Mine life will extend,resource will go up,etc etc. One day AAZ will be bought out,at what price then ?? Do I want to be trading and be caught out?? No, is my answer.
I used to rent an apartment,all the hassle I used to get from the tenants !!
Well, I sold it and put the money into AAZ,the divi gives me better income and less TAX to pay, as I have a fair few shares in my ISA. What more can I ask for??
Not very often you find a Goose that lays a golden egg every week. :0)