Anglo Asian Mining Share Discussion Threads

[swallowsflysouth] 21/5/2020 09:43

CMB, agree with you, something just not right.

[wanobi] 21/5/2020 09:41

yep, as per my post this morning Rb,,, 'patience, skill, faith and time' !!!!! :-) Cheers Wan :-)

[callmebwana] 21/5/2020 09:40

Fozzie, I like the idea from M/F..D/P.
The Co should start to buy their own shares and park them.
Or start a script scheme for current investors to have shares insted of the divi.

[riggerbeautz] 21/5/2020 09:37

Well I half thought it wouldn’t quite be the blockbuster everyone thought it would be, for two reasons. Firstly whilst mentions of mine plans is great news, it’s not an official black and white jorc report. Secondly I don’t expect anything to come out with regards to the Azeri government intentions, for AAZ to mention that in open RNS other than an actual bid or PSA extension, is like showing your hand as you sit down at a card table.

People have to learn to wait for these things or move on if it’s so frustrating them. It’s a fact many p.i’s are short term in outlook, everyone wants the share price to rocket to trade and move on; sometimes you have to accept markets don’t work like that

[mad foetus] 21/5/2020 09:37

Brasso I don't think you have understood the difference between buying back and cancelling to improve eps and buying back, holding in treasury and issuing to new cornerstone investors. The latter should be profitable, and will not reduce shares in issue. The former is a con

[bo doodak] 21/5/2020 09:36

My understanding is that if shares are held in treasury they are not in the immediate available tradeable pot for investors to deal in. A scrip is a better idea IMHO.

[return_of_the_apeman] 21/5/2020 09:35

Jack Jarvis Esquire

21 May '20 - 09:11 - 35494 of 35507

0  0 0

What time is the presentation?

>>>>> 6pm fella

[lefrene] 21/5/2020 09:35

The Azeri government has the most efficient of miners paying taxes and sharing profits, and employing a lot of people. It's a money machine so why would they want to mess it up? They already know via Azeri-Gold that they can't run a mine profitably themselves.

[brasso3] 21/5/2020 09:33

I think we spent around $100m to get Gedebek up to 80k oz production. We will need large amounts of cash to bring new mines on line in 2022/ 2023. I would rather be in a strong cash position to accelerate the growth here.

[lefrene] 21/5/2020 09:30

Brasso3, there's no comparison, major USA companies have been borrowing vast sums for buy backs in order to boost the earnings per share, just to ramp up director rewards via bonuses based on the share price. Buying up the shares with borrowed money helped to hide the fact that profits were actually falling in many cases. In the case of Boeing we can see that they made other very bad decisions, focused on saving money instead of making their product safer.

Now those big corporations are being bailed out with $ trillions of government printed money, and still the DOW goes up, despite it being evident that the whole thing is a house of cards.

[klosters65] 21/5/2020 09:28

Yes,yes.yes ! We need more shares in circulation not less.

[mad foetus] 21/5/2020 09:27

Without labouring the point, I think we can all agree that the company is doing well and it's not being reflected in SPI am just trying to suggest concrete actions that can change this disconnect. Getting a Hardman report is important, the growing dividend is great, but I think it needs more. I wish it didn't!

[fozzie] 21/5/2020 09:27

The spread is a problem here as well, it puts off new investors, market makErs need to make a market. If liquidity is poor they need to raise the price to find some sellers. A market maker reading today's rns must surely have marked it up more than 3p? Also the shares are very tightly held so there is little scope for instis to get involved with a meaningful stake. AAZ has been a good investment for me, I started buying at 37p and am in a very good profit but put yourself in a potential investors shoes, would you buy? Possibly for income but on the evidence of the last 8 months not for capital gain and there are many more exciting options available at the moment.

[laurence llewelyn binliner] 21/5/2020 09:26

An excellent update, and resource additions ... BUT it does not add any immediate revenue/cashflows it replaces depleted mines in 2022/23, and although an excellent update some will take the view that it will not be value enhancing until the PSA extension to be able to exploit new deposits is negotiated and confirmed, the RNS is part of the puzzle but not necessarily the keys to unlock the extended LOM.., and for that reason I'm not surprised to see the share price relatively static...?

[skeptic1] 21/5/2020 09:26

Might the weakness be down to the RNS being too speculative and less concrete than we were hoping for? There’s a lot of ‘potentialR17;? Might be my misreading. Hope the presentation and notes shed some light...

[jbravo2] 21/5/2020 09:22

He’s not talking about cancelling the shares
Edit: cross post... agree mf

[mad foetus] 21/5/2020 09:22

I'm not suggesting cancelling the shares thoughAnother alternative would be to have a scrip option so those who want more shares rather than dividends can choose to do so. Would increase number of shares in issue without diluting anyone

[bo doodak] 21/5/2020 09:18

Not sure I favour a buyback, as feel it would just accentuate our liquidity issues, further reducing the tradeable pot of shares, even though it might help the sp

[brasso3] 21/5/2020 09:17

Have we not just witnessed what buy backs have done to large US companies (eg Boeing)? It might work when times are good but its a negative way to grow a business (inflate a share price).

[skeptic1] 21/5/2020 09:15

Rumour of COVID at the mine...what BS is this?!

[pogue] 21/5/2020 09:14

I expect the Q&A, which I assume will be after the presentation as is normal, will have queries on the PSA at AAZ.
On my personal goals with his share I am gearing up for a sell unless more info on the PSA or takeover are given as it appears that, maybe, the sticking point with the share. I want a gold miner that goes up in a rising gold market as there will come a point gold is falling and AAZ will go down, regardless of divis and proven resources.
My plan would be to increase investment in other gold miners to ride the rising gold price and try and get out before the CV19 vaccine appears as that is going to be the probable end of this bull run, unless of course the uber bear scenarios play out and then I will be buying tins of beans and shotgun cartridges.
All battle plans off course subject to change due to the enemy not doing as expected lol

[bleepy] 21/5/2020 09:14

@lefrene
It certainly won’t go unnoticed as exiting of both weak and short term holders along with the traders providing further opportunities for the mopping up of an ever decreasing share pool. This further enhancing longer term investor/shareholder value.

Strategy indeed being employed by AAZ as update aimed at and confirms long term investment and shareholder value alongside capital appreciation and an increasingly sustainable divi.

Yes, yes we all await govt discussions and would not surprise me that a following rns will light the touch paper on that matter.

[terropol] 21/5/2020 09:14

Good morning all. All looks great on the presentation, we all agree on that.
There will have been some shares bought in the anticipation of the news, let them clear and then we will move up. Lets close a couple of days above £1.40 and we are going north.

Yes very well done all at the company. We are proud and lucky to be your shareholders.

[mad foetus] 21/5/2020 09:14

Brasso Buy back shares at 1.40. Support share price. Woo institutions. Sell shares to them for a profitStronger share price, cornerstone institutional investor, more money to spend on new minesI'm not suggesting we cancel the shares. But because AAZ haven't issued shares like confetti (thankfully) there is a liquidity problem that the MMs can only deal with through wide spreads and institutions can't deal with at all. A buyback and targeted sale is the only solution I can see