Anglo Asian Mining Share Discussion Threads

[wanobi] 16/5/2019 20:40

LOL I hope not Rb :-) Cheers Wan :-)

But every time I look at the chart above it smacks me in the face :-)

Bounce off 74-75p and I think we are safe, break it though and sure its back on :-) LOL

[podgyted] 16/5/2019 20:37

Can't believe I got a thumbs down for suggesting share price Angel need to revise their forecasts.

OK. 2018 Revenue $90.4m - EBITDA $49.8m. Forecast 2019 Revenue $95.4 - EBITDA $37.4m. So they are forecasting a total cash cost increase of @ $18m or 44%. Explain that to me. I presume you are happy with a forecast PER of 23.8 for 2019.

"You cannot have i5 both ways". Of course you can - there are many, many small well run companies on AIM that have more reasonable spreads.

I don't want to "trade" but object to giving excessive commission to MM's.

[friendzarin] 16/5/2019 20:26

I've spoken with Bill a number of times about the coverage provided by SPA as have others who regularly post here.

However I have to accept if AAZ are content with their current arrangements then so am I.

I understand the view. I believe they know what we need in this area at this current time and see no value in any immediate step change.

Given where we are and how things are proceeding I have to accept this is an indulgence on the companys part we need to go with.

I accept if they took a different tack they could propell the share price more swiftly but given the financing positioning they have...............

A timing issue ?

Edit

obtw Ted I don't agree with a down rec.

[riggerbeautz] 16/5/2019 20:24

Don’t we need to fill that one around 73p after all? Phew that’s a relief ;)

[podgyted] 16/5/2019 19:33

SP Angel need to wake up their intern and get him to revise their forecasts - never seen such garbage.

[mad foetus] 16/5/2019 19:29

Podgy it is a drum I have been beating but all we can do is hope that increased interest brings increased volume and more competition from the MMs.

[mattjos] 16/5/2019 19:27

Chaps .. please, no more moaning about the spread here.You cannot have i5 both ways. If you are so obsessed about spreads then, please go and trade/comment on some useless AIM company that has 2Bn shares in issuance, places more every 6 months & whose management team have none of their own money invested.If you want to invest in AAZ .. it is what it is and has been so for years & years. Politely - Get over it or get out

[brasso3] 16/5/2019 19:17

I am sure the BoD are desperate to get institutions on board with the shares only going from 4p to 105p in 5 years. They must be questioning their poor performance by now, surely!

[crazycoops] 16/5/2019 19:10

Unlikely, why would they if they don't need the money? They are earning 6% annual return on their investment with the prospect of a rising asset value as they continue to grow the business they have already built.

[podgyted] 16/5/2019 18:43

On a day when close to 700k of shares were traded the quoted spread at the end of the day is 96-101. I find this ludicrous - I know the actual has been a lot less during the day - but this puts people off. Don't know how this can be sorted but it needs to be.

I note several people thinking II will be starting to get interested - I agree - but I think that's only going to happen with a placement from the 2 major shareholders who own about 40% - perhaps others have some idea how likely that is?

[wanobi] 16/5/2019 18:29

short term Leo, I see todays gap being filled over the next couple of weeks and then off we go again provided we bounce of that 95p line :-)


free stock charts from uk.advfn.com



free stock charts from uk.advfn.com


GLA
Cheers
Wan

[wanobi] 16/5/2019 18:23

TXP - just listened to Paul, must say I do like what I believe is his upfront honesty about the situations they have encountered :-) however, an A for effort and a D for achievement is always a bit worrying in a school report :-) LOL..... to me, it really is all a bit binary right now,,,, 2 years from now and we could be at 10000b/d up from 2000b/d and that would see a significant rerating of the current share price in the right direction,,,,, however, do the drill and find water not HC's cause they've all leaked away over the past 60 years and we're a bit foooked :-) not long to wait though, end of June, so there we have it :-) GLA Cheers Wan

[2sporrans] 16/5/2019 17:52

Possibly overlooked by some, AAZ have achieved rapid expansion without taking shortcuts and risks wrt safety/quality/environment.
Came across well in the feedback by Matt/JB/FZ following their site visit last year.
This caught my eye when parsing through the results early am; thought it worthy of pasting here:

"The tragic collapse of the Brumadinho tailings dam in Brazil was unfortunately not an isolated incident in the last ten years. Safety is our number one priority and the Company's tailing dam has been constructed to the highest possible specification. The dam is constructed from hard rock and not tailings material, as is common in the industry, and the building and maintenance of the dam has been continuously supervised by one environmental and geotechnical consultancy. However, in light of the Brumadinho collapse, the Company has commissioned an inspection of the dam this summer by Knight Piésold, a leading environmental engineering company. Any actions highlighted by the inspection will be carried out immediately. "

So, both cost-efficient and lower risk operations.

[leopoldalcox] 16/5/2019 16:57

How do you see the AAZ chart playing put Wan?

[laurence llewelyn binliner] 16/5/2019 16:36

Plenty of room for a continued pre XDiv rally through to 25th June, I will hold and take mine thanks very much, 100p will fall again, should be for the last time too.. :o)

[wanobi] 16/5/2019 16:30

thanx SB I saw that but had no idea of its significance :-) I best buy some more tomorrow then :-) cheers Wan

[sportbilly1976] 16/5/2019 16:30

let's see how the closing auction goes :)

[bozzy_s] 16/5/2019 16:28

Good research sportbilly. AAZ is better than the average goldie, paying above average dividends. I think the key to hitting 150p is increasing the life of mine beyond 10 years. By all other metrics we're still very cheap.

And naturally the management already have that in hand :)

[mattjos] 16/5/2019 16:15

This eve will be raising another glass to Mr. Khagani Bashirov

[sportbilly1976] 16/5/2019 16:07

wan,

STCM - reckon the MM has made their cut on the stake to be offloaded - bid reducing despite all buying

potential signal that they're not too far off clearing the stock?

[bumpa33] 16/5/2019 16:02

interesting, Novum steps down (told to take a hike?) at BLOE. Wonder if that was anything to do with the recent placing...

[mad foetus] 16/5/2019 15:58

Lols Ptolemy!

[sportbilly1976] 16/5/2019 15:23

P/E:

(from today's release)
Profit per share attributable to the equity
holders of the parent
Basic (US cents per share) 13 14.32 2.23
Diluted (US cents per share) 13 14.32

Taking a live FX of 1.279, that's 11.2pence per share.

A quick online search appears to show an industry average of 12.7x = 142.2p price target :)

[ptolemy] 16/5/2019 15:15

Mad,

The answer to your question is BUR! ;-))

But I hope that improves because I, too, am a holder.