Anglo Asian Mining Share Discussion Threads

[laurence llewelyn binliner] 19/6/2019 18:17

1 point I picked out of the Hardman note was the projected debt position at -USD8.5M and the same going forward to 2021, H1 financials this year will clarify this, but I'm expecting us to be 100% debt free from 2019..

Clearly a well orchestrated management plan to deliver a collection of news/information pre AGM, I'm looking forward to any reports coming back here tomorrow, and expect a few bad heads from tonight too.. :o)

[wanobi] 19/6/2019 18:08

ORM courtesy of gotabsirius (many thanx);

Spoke with company this morning and pleased to report Saloro project’s funding headroom is sufficient, based on current forecasts. Ormonde receives revenue under a management services agreement in place with the Barruecopardo Group. 2018 saw higher overall “administration costs” reported due to once off, non-repeating expenditure, including legal costs associated with a water discharge at La Zarza. It is not anticipated that cost will recur in 2019. Aministration costs are managed in line with revenue and this continues to be our strategy. So no dilution and no more funding required barring a crash in APT

Cheers
Wan :-)

[jaspoland] 19/6/2019 18:07

There will be another RNS in the morning as they are likely to highlight the chairman's statement that will be read at the AGM.

[gutterhead] 19/6/2019 18:01

Look forward to seeing some familiar and new faces tomorrow.
I'm delighted for Stephen Westhead as his purchase at 86p was upside down for a while-a great signing by Reza and is making a significant difference to the company.
Another runs tomorrow isn't expected but wouldn't surprise me.
Well done all and hang in there-we will have a retrace at some stage before we push on again.
A great day

[splint1] 19/6/2019 17:44

Only given it a relatively quick flick through but the Hardman report looks like a great introduction to the company. Bet they've been working on that since the initial intro. Great day. I'll treat myself to a cheeky drink I think!

[wanobi] 19/6/2019 17:10

thanx Bumpa, would be very interesting if they told you,,, although with all due respect I suspect they'll take the later approach to your enquiries :-) Good luck though,,, if you don't ask you don't get,,,, good things come to those that go and get them :-) LOL cheers Wan :-)

[sh0wmethemoney] 19/6/2019 17:09

Excellent few days! Still sitting on my hands here!

[bumpa33] 19/6/2019 17:07

suspect one of those may be a duplicate Wan. I'll try and press tomorrow how much they've got left, may get something though equally they may tell me to f' off :)

[wanobi] 19/6/2019 16:57

STCM aha, aha, 3x650K=1.95m just printed :-) Cheers Wan

now hold on a mo.... an odd 58,300 share just appeared.... could that be the final lot to clear the seller :-)

[brasso3] 19/6/2019 16:50

Congratulations to all the long term holders. We have waiting a long time for this to break out to all time highs.

[sportbilly1976] 19/6/2019 16:45

LLB,

10x FCF puts it at 225p given the indication yesterday to extend the LOM to industry standard 10 years

[sportbilly1976] 19/6/2019 16:43

if the pi buying from just today in STCM is being sourced just form the one seller...that is just under £25,000 of income they've turned down :0

[laurence llewelyn binliner] 19/6/2019 16:43

That was quite a day wasn't it, +10% days don't come along very often, if at all.., something to remember pre AGM 2019.. :o)

Got my last batch at 69p on the dips in March, and to see buying at 131p today, underpins that decision pretty conclusively..!

Well done all holders, LT holders even more so, very well done, it's tough to put a value on the company but near term 150p looks light now and a sensible PE of 15 puts us on 170p, with the next 2 years exploration underway if there is a Tier 1 deposit on the footprint somewhere which looks increasingly likely then multiples of where we are today..

[wanobi] 19/6/2019 16:42

and relax :-) LOL, oh what a game this is, interesting day to say the least :-) GLA, have a great evening, thanx for posting, cheers Wan :-)

[wanobi] 19/6/2019 16:35

thanx wrighty, all down to the guys that post here :-),,,, now we watch STCM to see what the big boys have been up to today :-) cheers Wan

[brasso3] 19/6/2019 16:35

STCM should drop tomorrow in line with going ex divi which should deter the seller if they are still about.

[wrighty46] 19/6/2019 16:31

Joined you all today in STCM. Nice thread wan. Been a holder of aaz for over 4 years. Amazing share that one. Looking for a quick bounce here next few weeks. GLA

[wanobi] 19/6/2019 16:26

I've added more STCM today also :-) GLA cheers Wan

[bleepy] 19/6/2019 16:20

Thank you AAZ for listening to shareholders wrt brokers.

The Hardman note has set the tone going forward and would be a fine addition as house broker.

[2sporrans] 19/6/2019 16:16

Mid price 130p.

Not quite punch drunk....but I'm getting there.

Thanks all for that Hardman's report.
Certainly will read and re-read the full Monty version.

30th of May could still buy for very low 90p's
Not so very much changed since then at AAZ.
Very much 'incremental' +ve newsflow rather than game-changing.
Not a heck of a lot more since April, the last of several opportunities to buy
at ~70p.
Folk seemed almost desperate to ditch some, if not all their shares at times back then.
There was a de-risking with the Resource/LOM uplift + the 4C divi surprise to upside for most to be fair, to take the share price above 100p [hence that last gap-up].
But clearly a load of fresh buying only in the past week or 2; awareness/perceptions have changed far more than AAZ.

Strange beast the market.

[bumpa33] 19/6/2019 16:11

Still stock to move there obviously Sb but looks to be getting thinner...

Closed TCG just shy of flat, damn thing looks like it wants to bounce but could just as easily regret that one.

[sportbilly1976] 19/6/2019 16:10

so Spangle technically need to change their stance to neutral/sell based on their existing share price target of 127p...lol

[fozzie] 19/6/2019 16:02

Agree with you on spreadbetting Mattjos, i have a long running here which i took out at 90p, when we dipped into the 60's it was decidedly uncomfortable, looking much better now though and was a fraction of your £ per point ;o)

[jbravo2] 19/6/2019 16:01

Going on past history there will be another RNS. The AGM statement.
Id be surprised if there's anything outside that, but who knows.

[bozzy_s] 19/6/2019 16:01

At 132p the trailing dividend yield for 2018 accounts is 4.2%

For 2019 accounts, at 8c total dividend = 4.8% annual yield. 9c total dividend = 5.4% annual yield.

Still not expensive, even after today's action!