Anglo Asian Mining Share Discussion Threads

[mad foetus] 19/6/2019 14:11

I'm reading the report on the train and it is jaw dropping.

[doc_oj] 19/6/2019 14:05

Hardman note is very exciting, the potential here is truly astounding!

[bozzy_s] 19/6/2019 14:05

Ha! So I Googled Azerbaijan China relations. Top result was the wiki page. Check out the opening paragraph:

[bozzy_s] 19/6/2019 13:59

How much cash in 2025? Have I read that right? If that comes to pass, and exploration goes as expected, is it too rampy to suggest AAZ could be a half-billion pounds company by then?

Surely a major will try and snap us up before then. From their point of view making a move before resources are proven is the way to go. For us, as discussed before, we'd like to know exactly what we have before listening to offers.

How are Azeri - Chinese relations? My gut instinct is ultimately the Chinese state will want our resources.

[mad foetus] 19/6/2019 13:55

Others might now but I suspect this is the first time over £1m of stock in AAZ has been traded in a day.

[someuwin] 19/6/2019 13:50

On the Vox Markets Podcast Today:
…

Vast Resources #VAST
John Meyer, talks about the US China Trade talks and the following companies: BlueJay Mining #JAY Anglo-Asian Mining #AAZ Chaarat Gold #CGH

[wanobi] 19/6/2019 13:35

ah yes, now I understand,,, tis amazing to me that the share price has not gone more today,,, this note will send it to 150p soon I feel..... Cheers Wan

[sportbilly1976] 19/6/2019 13:33

wan,

apols - text extract taken from the Hardman note (pg. 6)

[wanobi] 19/6/2019 13:29

sb, wot chart? cheers Wan

[wanobi] 19/6/2019 13:28

well done Rb, I shall be waiting with bated breath for your report :-) cheers Wan

wear the riggers, why not, its a mining co. & you own part of it :-)

[wrighty46] 19/6/2019 13:27

And just a mention that around 250k has been traded on nex also today so volume at these levels is excellent.

[jimbowen30] 19/6/2019 13:26

The Hardman note just shows how far behind the curve SPA are...

[baddeal] 19/6/2019 13:23

Agreed, best note I've seen to date. Still conservative in terms of lom and profitability so upside to come if new finds come through for patient lt holders.

[sportbilly1976] 19/6/2019 13:22

"Last year, AAZ ran out of tax losses to offset against its tax liability. Nevertheless, we expect cash generation to remain strong during 2019-25, notwithstanding our conservative production assumptions (see below).
We estimate that annual free cashflow generation during 2019-25 (defined as net income + depreciation & amortisation – capex) will be in the range of $25.2m-$30.5m – with an average of $27.7m – versus AAZ’s current market capitalisation of $157.2m (£123.3m). This amounts to an average free cashflow yield of 17.6% p.a."

$27.7mln / 114mln shares -

[sportbilly1976] 19/6/2019 13:18

"The chart below illustrates that, without a higher payout ratio or substantial
investment in new mines and mine production, our financial model shows that net cash
on AAZ’s balance sheet will be ca.$170m by 2025, based on the 25% payout ratio."

Cash > current mkt cap in 6 years...!!

[riggerbeautz] 19/6/2019 13:17

And presumably that Hardman note came before today's news, although they may have had a smidgeon of an inkling.

I'll give you my uncouth report (as opposed to the serious thread) if I get there and things go to plan. Just checked Jubilee line to Green Park(nearest it looks) from St Pancras or Euston 3 to 4 stops, should take no more than 20 mins and I'm guessing maybe 10 mins even if i have to jog to Mayfair. Best not wear my Riggers.

Right, gone, be lucky with the others, might compose a update on the train back to East Mids Parkway, if I don't stray into London late into the night.

[mattjos] 19/6/2019 13:16

Have managed to juggle things around and will be at the AGM tomorrow.

Look forward to putting some faces to names & meeting everyone there.

[spidertricks] 19/6/2019 13:06

A very serious thank you to everyone on here for sharing their well informed information. Unlike boards for other companies people seem so well intentioned on here which also means theres a great level of trust too.

[mad foetus] 19/6/2019 13:00

I met Bill at Hardmans offices and have nothing but praise from them as an organisation

[wanobi] 19/6/2019 12:59

AAZ - new Hardman note, By Paul Mylchreest

Investment summary: The outstanding aspect of AAZ’s financial performance is its cash generation, which is reflected in our DCF valuation of 156p per share, using a discount rate of 8% and long-term gold price of $1,350/oz. We expect AAZ to pay a $0.07 dividend in 2019, implying a dividend yield of 4.7%.



Cheers
Wan :-)

and,,,,

At this stage, we have made the highly conservative assumption of no production beyond 2025!!!!!!!!

[mattjos] 19/6/2019 12:57

That is how to write a covering note!!

Terrific bit of work &, imo, folk should really sit up and take note of this one because it's best one issued to date by any organisation:

[gutterhead] 19/6/2019 12:57

yes its very impressive