Anglo Asian Mining Share Discussion Threads

[sportbilly1976] 14/6/2019 10:14

delayed 50k buy at 106p popping through

surely this is now on Funds' radar, both from an income and growth perspective?

edit: although from a volume view, just 300k traded in total this morning....very low considering the breakout, gold rally etc

[mad foetus] 14/6/2019 10:10

One of the big things I would like to understand from the AGM is how they plan to release exploration news over the next 12 months. We know there is a lot to come, with many samples already being analysed and lots of targeted drilling going on. What do people think would be best: regular (monthly/quarterly) comprehensive updates or ad hoc updates covering new results as they are received? I'm not sure what my preference is, though if they were to do quarterly I would prefer them between the production announcements so we have a six weekly news cycle.

[davidlloyd] 14/6/2019 10:07

qaz -- cant be often you get a 18+ bagger :-)
Nice.....
DL

[sportbilly1976] 14/6/2019 09:59

happy to accept the corrections above :)

222p it is then :D

[qazwsxedc69] 14/6/2019 09:57

I am very happy to say that we are now £1 more per share than when I bought my first tranche of 65k at 5.7p in September 2015.

[mad foetus] 14/6/2019 09:56

Sport,The divi is 7c, 4c was only the final.

[bozzy_s] 14/6/2019 09:56

Sportbilly don't forget the interim divi 3c

7c x 4 x 10

I'd take that for a start

Still not too late for newcomers. Yielding just over 5% at today's buy price. Given this management's history we can probably say 'at least 5%' for 2019 and 2020 accounts..

Great day so far. Plenty more of these to come :)

[mad foetus] 14/6/2019 09:54

Always a big psychological barrier at £1 but now it has been broken it would be surprising if share price didn't run up to £1.20 in pretty short order. The other great thing is that above £1 those psychological round numbers get much further apart. I've not sold a share and don't intend to until something significant changes with the AAZ story. I think we are at the end of the beginning of the story.

[sportbilly1976] 14/6/2019 09:53

ilost,

10x FCF would then be (4c divi *4)*10, which I make around £1.27 which seems a bit on the conservative side in comparison to balanced numbers put forwards on here previously (and Hardman's 143p report which was before the additional resource update)

[mattjos] 14/6/2019 09:49

YES, 3 Year highs now for XAUGBP. £1,070/oz

[sportbilly1976] 14/6/2019 09:48

$1.265 for the £ currently...BoJo getting into the final 2 for the membership to vote on will surely see this fall further

[jaspoland] 14/6/2019 09:46

Gold up £ down. Keeps getting better :)

[ilostthelot] 14/6/2019 09:43

What price do people consider fair value to be currently ? I suggest 10* free cash flow!?

I'm beginning to think a premium rating will be rewarded to AAZ within the next 3 years.
If the life of mine is doubled, with prospects of good further exploration results, the market will regonize the sound management and progress the company has made in time and a higher rating will be given.

RRS was rated at something crazy like PE of 60 that would be nice!

[qazwsxedc69] 14/6/2019 09:43

MMs must be desperate for stock - online they will take 60k at £1.06

[riggerbeautz] 14/6/2019 09:32

Well played with TSG never quite got me but the chart says slow and steady, which is the type I like.

[laurence llewelyn binliner] 14/6/2019 09:31

#JB2, I echo that.. big spikes usually get sold into and they often come back to square 1, just a penny a day is fine by me.. slow and steady wins the race.. :o)

I've been in another share stake building for a decade, and developed plenty of patience..!

[mattjos] 14/6/2019 09:16

Great spot podgyted. Thanks for sharing

[jbravo2] 14/6/2019 09:13

Agree entirely matt.
Slow steady climbs.
Tempting whoever weakens out without too many chances for them to get back in.
It's not just the price that weakens some, its time. Some folk get bored owning the same share for a long time and prefer the excitement of chopping and changing.
:D
I prefer the excitement of being in a company where I think I'm unlikely to be done over. Where management want the same outcomes as the shareholders. Where it is fundamentally undervalued.

(Having said that, yes a 20p rise in a day would also be very exciting :D )

[podgyted] 14/6/2019 09:11

John Rosier, Diary of a Private investor in the Investors Chronicle:-

"After two relatively quiet months on the dealing front I was busy during May. I sold my position in Iomart (IOM) at 354p, booking a 10 per cent profit. Iomart is a quality company, with good cash flow and I am sure it will do well in the long term. I felt, however, that the valuation was looking stretched given current growth forecasts. In any case, I needed the cash to introduce a new stock to the portfolio. I bought Anglo Asian Mining ahead of 2018 results on 16 May. Earlier this year, I met Bill Morgan, CFO, which gave me a better understanding of the company and its prospects. Anglo Asian Mining has low cost gold mining operations in Azerbaijan and last year, through strong cash generation, reduced net debt from $18.1m in January to net cash of $6.1m by the year-end. Importantly, it also started paying dividends; 3.0¢ at the half-year stage with an aim of distributing equal payments at the half and full-year stage. It was thus a nice surprise to see the final dividend of 4.0¢. It bodes well for the future. The other positives for Anglo Asian are that it has an active development and exploration program, which will, hopefully, deliver greater visibility of future production. In the meantime, the gold price is a little perkier, back over $1,300 an ounce. The prospective dividend yield for 2019 is forecast at 5.6 per cent and it is valued at only 5.0 times 2018 free cash flow. "

Word is getting around.

[mattjos] 14/6/2019 09:01

I still think the 'Maginot Line' is at a weekly close greater than 1332

[mattjos] 14/6/2019 08:59

Much rather we just keep trudging up the staircase .. slowly increasing the sellers remorse

[mr roper] 14/6/2019 08:46

Ath this month imho

[mattjos] 14/6/2019 08:42

Each time we probe upwards, it flushed out more weak hands. Their shares soon digested in the background and then on upwards again.Sellers are giving them away far too cheap.Every possibility this will print new ATH this year .. then the sellers will be gone

[wanobi] 14/6/2019 08:33

yes TSG 6 months daily chart, with golden cross playing out is looking good also :-) cheers Wan


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