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AAZ Anglo Asian Mining Plc

59.00
2.00 (3.51%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Anglo Asian Mining Plc LSE:AAZ London Ordinary Share GB00B0C18177 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  2.00 3.51% 59.00 54.00 59.00 57.00 56.50 57.00 171,210 16:35:25
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec 84.72M 3.66M 0.0320 17.66 64.55M
Anglo Asian Mining Plc is listed in the Miscellaneous Metal Ores sector of the London Stock Exchange with ticker AAZ. The last closing price for Anglo Asian Mining was 57p. Over the last year, Anglo Asian Mining shares have traded in a share price range of 36.50p to 122.50p.

Anglo Asian Mining currently has 114,242,024 shares in issue. The market capitalisation of Anglo Asian Mining is £64.55 million. Anglo Asian Mining has a price to earnings ratio (PE ratio) of 17.66.

Anglo Asian Mining Share Discussion Threads

Showing 89026 to 89049 of 143300 messages
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DateSubjectAuthorDiscuss
27/11/2020
18:49
aha,,, many thanx DP,,,, too knackered tonight to listen,,, but looking forward to doing so over the weekend :-) Cheers Wan :-)
wanobi
27/11/2020
18:47
many thanx again KS, to me, this is country/government/state run type stuff which always finds a way to resolve itself :-) QE being a prime example :-) LOL,,, so I'm not worried at all and will continue to hold, maybe even add if it weakens further, especially if it fills the GAP and bounces,,,, apols to you and all for mentioning it :-),,, but it is there,, hmm :-) LOL... as for TAX KS,,, what will be, will be, as always in regard to TAX,,,, the only certainty is that it changes and there's naff all we can do about it :-) ,,, still believe TXP will be an amazing LTH,,, GLA Cheers Wan :-)


free stock charts from uk.advfn.com

wanobi
27/11/2020
17:44
Friday is podcast day!

Please download, share and big up to your massives

donald pond
27/11/2020
17:09
Wan,

Re: TXP - apparently this is not 'new' news as several similar articles have come out in recent weeks/months - so likely already public knowledge for PB and the placees etc. It appears the publicity is perhaps aimed at helping NGC i.e they are making public their issues re: payments to put a bit of pressure on the relevant government department(s)? Political posturing?

NGC has a balance sheet in the many billions of $, so the cost of infrastructure for TXP and annual costs for securing TXPs gas are not going to be a huge burden comparatively - when you look at a $3.5bn receivable they are due from TTEC. One of 3 things will probably happen:

1) TTEC starts repayment of debt under the current loan terms agreed recently as the economy picks up

2) NGC takes on some cheap debt (backed by government?) to ease any short-term liquidity issues

3) NGC eventually goes the way of Petrotrin and is privatised and a new, more efficiently run company, takes over buying TXPs gas? I don't think this would happen as NGC are not hugely loss making (just a little over the last year or so with Covid and downstream commodity pricing). This is more a payment timing issue.

I am 99% sure the NGC contract will get agreed shortly, but if a price can not be agreed, then TXP can export their gas - given demand requirements in Trinidad it seems unlikely they would want to chase away TXP (and Shell etc) with unfair pricing. The bigger fear for me is taxation - currently no SPT on the gas, but if the government want to increase taxation, what can TXP do in that case, other than lobby? Hopefully the government is sensible about securing long-term deals that will benefit both the economy and my shareholding!

The posting of the article has presumably spooked a few sellers today - combined with risk aversion over this next drill. The share price had obviously stalled awaiting news so no doubt this was a tipping point for some investors to take some off the table - I don't feel like anything has materially changed though, and looks like some of the better researched (and larger holders) were already aware of the state of play with NGC.

None of this should really diminish the value of what TXP have found and may find with future drills.

king suarez
27/11/2020
16:47
once again, big thanx to all for your contributions & hard work this week,,,, its been a bit crazy for us AAZ & TXP holders today :-) LOL,,, never mind,,, couple of days rest now before it starts all over again :-) LOL :-) :-) :-)

wishing you all fine weekends and over to you odsjp for the comp results :-)

Cheers
Wan :-)

wanobi
27/11/2020
16:45
lefrene, as long as that time line isn't too long as have my eye on another piece of land am looking to buy if the price is right and at the moment only chf and afc are doing the business for me all others are in the red.
cinoib
27/11/2020
16:44
many thanx KS, great analysis, much appreciated,,, my thoughts;

5 - agree, not likely at all :-)

6 - interesting as they were to be paying for the pipeline and getting a discount for the gas to cover costs I think!? ,,, guess that might not happen now!?

7 - JV - that could be interesting for TXP situation, although in who's favour I know not!?

if PB wasn't, he probably is now LOL LOL,,,

hmm, just shows there's never a sure thing in this game,,,, who'd have thought this or researched it :-) LOL,,,, oh what a game KS :-)

meantime share price is coming back thankfully :-)

Cheers
Wan :-)

wanobi
27/11/2020
16:16
Nice move JKX.
kfr20
27/11/2020
16:06
indeed TTM.
This is the USD Basket chart I've been following for a long time & clearly shows the US$ fell out of the wedge in August this year.
As is quite common on these breakdown patterns, it then staged an effort to get back inside the wedge (as shown by the subsequent two green candlesticks in Sept & Oct) but, this month it has now confirmed the breakdown (assuming it closes below the lows of the August candlestick = 9182).

Once the breakdown is confirmed like this, it generally then continues downwards … if you project the two Apex defining trend lines (red & blue) forward into the future & note where they converge, that is often the future date where a reversal is most likely to occur so, it's kind telling us that the US$ is likely to remain weak now until June 2022

mattjos
27/11/2020
16:02
Well put DP

Also 18 months ago were still $millions of debt, now zero and ~$40mn cash pile come YE.
Can spend on forthcoming new mines/extensions, be they Gedabek/Gosha CA or in newly available CA.
Does not that cash pile have added NPV once transformed into developments?
Can choose gold/copper mix too.

2sporrans
27/11/2020
15:39
Director buys in amigo GJ bought another 500k for the wife hopefully the bad news all out now.
avsome1968
27/11/2020
15:38
One small hiccup in working out where the border is. Borders often follow fixed features like hill ridges (rivers, or other obvious geographic features), as happens for a lot of the AZ/ARM border. Given that there's now a great big hole where the hill ridge should be, working out the location of the border might take a little bit of patience!
thistimemaybe
27/11/2020
15:30
For context - and I appreciate that gold is likely to fall further - but right now the only time gold has even been better was during a brief period back in 2011 and one small spike in 2012.

Again, just for context...

thistimemaybe
27/11/2020
15:19
Don't worry. Orange man bad is out and we have a vaccine.

The dementia patient has it all covered.

bonio10000
27/11/2020
15:11
Cinoib, I don't doubt that it's the futures markets and trading machines that are moving the price. I notice Bitcoin has had a wobble too. Money creation at the current scale has at some point got to affect the real economy, it's only a matter of time.
lefrene
27/11/2020
15:05
Certainly seeing lots of odd trades here. We could really do with getting some news from the company. Conroy must be close? Whenever we start getting excited, something always crops up, but share price is below where is was 18 months ago, when gold was 1300, and now we have 3 new mines about to fall into our hands.
donald pond
27/11/2020
15:05
Assuming we have Q4 GOLD contracts settling?? there will be fixings there....
It will turn.

terropol
27/11/2020
15:02
lefrne, exactly and gold drops, must some very big shorts out there, which at some point will have to be closed.
bonio, I never follow gurus as they are seldom right and if,,, they do get it right their head gets very big.

cinoib
27/11/2020
14:52
The gurus at any one time and any one week will forecast about 5 prices - from my viewing of them.

Mostly they were saying $2000+ before Christmas.

Mind you - you never know when some Repo madness might happen.

bonio10000
27/11/2020
14:38
Looks fine on the monthlies. A lot of the gurus like Patrick Keri and Northstar were flagging this possibility, don't panic.
donald pond
27/11/2020
14:32
like you said previously Bonio:

It's not so important why POG has fallen as that it has.
i.e. below 200 day ma.

2sporrans
27/11/2020
14:23
The vaccine spell has everyones attention. They seem to forget that gold was pushing $1700/oz before Covid.
brasso3
27/11/2020
14:21
Creating money like there's no tomorrow and gold falls!?
lefrene
27/11/2020
14:20
bonio, which is why it's hard to believe why gold is falling off the cliff, not in Matt's projections at all, please I have a few alternatives like copper, as you say , needed for electrifying the planet and nickel also for greening the planet and lets not forget my best performer just now. Hydrogen.
cinoib
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