Anglo Asian Mining Share Discussion Threads

[onedayrodders] 16/2/2021 23:17

Rigger ... many thanks

[mattjos] 16/2/2021 19:40

I might add that on this particular stock to date, the LSE forum is much more informative for those interested and wishing to do some more detailed research. The ADVFN thread is rather lacking in this regard Burt, will hopefully improve as we move ahead.

[mattjos] 16/2/2021 19:36

I am currently assuming the existing production facilities will suffice for this calendar year but, if they have to expand before the year-end that's a nice problem to have & will re-adjust my projections accordingly. I'm not selling any shares any time soon, given the current growth trajectory & global drivers for uptake.

[king suarez] 16/2/2021 19:00

Do you envisage a swift expansion of production at some point this year (beyond the initial transferred Murata lines)? Seems a lot of demand for the chips..

[jeanesy] 16/2/2021 18:51

Having only made a small investment in CPX a while back thanks to Matt bringing it to our attention I think that after today's news i need to make it a more substantial one. I would recommend anyone here to watch the epishine press release that accompanies today's news ... 20p would do just fine for starters :) Thanks again Matt

[king suarez] 16/2/2021 18:43

£2 will do me!..

[mattjos] 16/2/2021 18:39

CPX is one of those stocks that is going to move up with no regard for 'traditional' valuation metrics, imo.It's in exactly the right space at the right time and now an OEM. I cant tell exactly how long it will take but, I believe it will get to £2 a share at some point in the future.The potential is staggering & i doubt many really understand it just yet.

[king suarez] 16/2/2021 18:15

I actually bought into CPX in my SIPP a little while back around 11p - see it as a good long-term play also - thanks for highlighting it here. Not the kind of stock I would have found to look at otherwise. Looked at MBO also, and quite keen, but need to free up funds to invest..

[mattjos] 16/2/2021 18:12

thanks KS, hadn't spotted that but, was expecting Richard to pop up again somewhere soon.
He was good counsel for the AAZ board for many years and should provide same for Rambler.
I am occasionally following developments at Rambler but, still a little too early for me (if indeed ever) according to my preferred technical set-up.

I think the CPX RNS today was of much greater note & given its odd timing, probably not yet been noticed by many (assume the Epishine news release timing rather forced CPX to make that RNS at such an odd time).

[bozzy_s] 16/2/2021 18:11

Share price held nicely today. After recent performance I'd have expected minus 5p on a gold down day.

Maybe there's decent support at this price.

I'm not tempted to add at the moment. There's the 2021 production guidance to be announced sometime, which I'm expecting to disappoint. I'm expecting it'll be another year of reduced output. AAZ has been very lucky in 2019 and 2020 that lower production has been more than offset by higher prices.

Can't expect that forever. Hopefully they'll get access to the new mines soon, and be able to increase production in 2021 or 2022. That will ultimately move the share price to another level.

Re FX rate; unfortunately we've had a strong £ recently, so at $1.39 our dividend yield, and AAZ's earnings in £, will be reduced slightly.

Edit - I saw Matt's note about steady state production. Yes we have to give credit to AAZ for that. It means that, while production might drop from year to year, it shouldn't be a total disaster. Worst case scenario is our 5% dividend is easily covered.

[king suarez] 16/2/2021 17:59

Mattjos - you might be interested to know that Richard Round (formerly NED at AAZ) has joined RMM..

[mattjos] 16/2/2021 17:43

bang on with your TA Brasso, imo … its a nice long 6½ wedge too … upside should be quite noticeable when it breaks out :-) … circa $2,130, imo & that will be new Highs

[brasso3] 16/2/2021 17:37

Jeansey

Gold is at the bottom of the falling wedge so nothing to worry about yet. DXY is up so that is why gold is down.

[jeanesy] 16/2/2021 17:31

Down goes gold again below 1800. Does anyone understand what is going on these days?? What with crypto and weak PM's despite the economy . Help someone please !!

[king suarez] 16/2/2021 17:13

I was surprised not to see AVCT up more today on those initial LFT results, but perhaps the market wants to see full clinical validation and an RNS saying 'we are launching on date X' before the real liftoff happens?

[riggerbeautz] 16/2/2021 16:59

ODR been awhile since I spoke with B.M was more focussed on ValOre to start off with because I’d come across Jim Paterson in Canada, that’s how I effectively tagged into Jan. At the time I asked above a year ago, the focus was on proving up Pitombeiras through PEA, which they were self funded through the sale of what was supposed to be their flagship project in Pedra Blanca; much to the disgruntlement of former holders and plenty of stale bulls.

That’s why JAN was so unloved and a few snippers were out. People couldn’t see past that. At first I thought Paterson who has acquired cheaply before and raised to sell on, looked the dream ticket - still might be for that project. However, the Crown Jewels have swapped and I think by luck or judgement McMaster played a blinder, it became obvious last year, they were onto something decent and I expected the ValOre cash to tied them over, whilst they define the resource through to fundraise on completion.

What I haven’t checked for some time, is the binding terms around V.VO stock being sold remember they have another 18 months of small freebies to come around their stake in ValOre. It’s now a sideshow, given the noises around ease of moving into production and within “months”. They are dangling a huge valuation carrot for a fundraiser a lot higher up. So I’ll not worry about that myself, just want to see them getting on with proving up the resource.

Hope that helps.

[gutterhead] 16/2/2021 16:47

Hardman are punting last weeks presentation around....good to see they're doing a bit of graft to generate interest....more effort than spangle but that's not difficult..


February 2021 Investor Forum company research
Anglo Asian Mining

AAZ is a highly cash-generative miner of gold, silver and copper from three mines in Azerbaijan, where it has a track record of close cooperation with the government. The company listed on AIM in 2005, produced its first gold in 2009, paid a maiden dividend in 2018 and produced 69,091 Gold Equivalent Ounces (GEOs) in 2020 (at budgeted metal prices). AAZ is progressing multiple projects to expand production at its flagship Gedabek and others (see below) in Azerbaijan and (potentially) Ireland. We will review our DCF valuation of 181p per share following AAZ’s production guidance update expected in March 2021.

The presentation from the event can be accessed here, and the research note is now available for download through the link below.

CLICK HERE TO DOWNLOAD THE FULL REPORT

About Anglo Asian Mining
Market AIM
Ticker AAZ
Website www.angloasianmining.com

Anglo Asian Mining (AAZ) operates three mines and downstream processing facilities at its main site at Gedabek in Azerbaijan. Besides further exploration potential at Gedabek, exploration work has begun at the 462 sq km prospect at Ordubad.

About the analyst
Paul Mylchreest

E: [e-mail]
T: [phone]

[lefrene] 16/2/2021 16:20

Good luck Brasso3, but looking at that graph it might yet revisit 130p, as absurd as that might seem.

[brasso3] 16/2/2021 15:59

What do bubbles look like?

[pogue] 16/2/2021 15:58

Yeah lots of trailing stop losses taken out I suspect. That speeding RNS and subsequent drop certainly got my attention and got me thinking fast, been watching ARB all day mind you like Brasso not got any work done at all.

[king suarez] 16/2/2021 15:55

avsome, EEE - yes drill/assay results are due v soon. Not sure how much of a sustained rise in the share price we will see given gold price activity at the moment, but it is a v low market cap explorer in good jurisdiction. Fingers crossed.

[fozzie] 16/2/2021 15:47

Crazy times, that lurch down was fun wasn’t it. I bet lots got caught out there. Agree with Brasso that £3 looks likely this week. Where it goes if Bitcoin get to 55k and a Nasdaq listing is announced is anyone’s guess.

[brasso3] 16/2/2021 15:47

Topped up at 144.7p :)

[brasso3] 16/2/2021 15:45

Nice strength on PMs!

[brasso3] 16/2/2021 15:41

The FED will not let the USD rise too far as then they have lost control.