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AAZ Anglo Asian Mining Plc

72.00
2.00 (2.86%)
21 Jun 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 2.86% 72.00 70.00 74.00 72.00 70.00 70.00 612,368 10:12:37
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec 45.86M -24.24M -0.2122 -3.39 82.25M
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 70p. Over the last year, Anglo Asian Mining shares have traded in a share price range of 36.50p to 97.50p.

Anglo Asian Mining currently has 114,242,024 shares in issue. The market capitalisation of Anglo Asian Mining is £82.25 million. Anglo Asian Mining has a price to earnings ratio (PE ratio) of -3.39.

Anglo Asian Mining Share Discussion Threads

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DateSubjectAuthorDiscuss
07/2/2024
14:12
I think it is badly expressed. The 2 sets of numbers refer to our expected production but one is measured as if it is all gold, the other as if it is all copper. So we are going to treble production and increase the copper proportion. But all the numbers given refer to the entire annual production, one seen through the gold lens, the other through copper. Does that make sense?
donald pond
07/2/2024
12:42
More info on Russian titanium.
Basically one company produces 90% of Russian titanium and Russia is the world's 3rd largest supplier of the metal which is very useful in producing war machines. No.1 is China. Can see a possible bonus ball for EEE there.
I assume VSMPO did the research on extraction from sandstone I cannot find out from what ore they produce their titanium though but they are not having problems getting the stuff it would seem so either
a) they didnt need the new technique
b) the costs were higher than the ore they were using
c) they are actually using it.
d) something else entirely
Problem googling is that Russia primary source material is less likely to come up in a search due to language difficulties.

pogue
07/2/2024
12:24
Always jam tomorrow at AAZ and you get a black swan while you wait in dodgy jurisdictions as has been demonstrated. Examples of other issues that may or may not happen are a coup or the death of one or more influential with the Azeri government directors. Still holding but who knows what might happen in the next 3 or 4 years while we await the mines coming onstream.
pogue
07/2/2024
12:16
Thanks DP

I have to say I'm a bit puzzled by this remark:

"SP Angel said: "The company has provided a road map to gradually grow its production rate from about 52,000oz (AuEq) and 10,000t (CuEq) to 175kozpa Au and 35ktpa Cu becoming a multi-asset, mid-tier copper-gold producer by 2028."

Effectively, copper will expand from providing 20-30% of production to around 90%."

They appear to say AUeq will increase about 3 fold and CuEq a bit more, by about 3.5x, so how does that lead to CU going from 20-30% to 80% ot total production

What am I missing?

greyingsurfer
07/2/2024
12:15
EEE

Cheers guys......will take a further look.

11_percent
07/2/2024
12:09
thanx to Bazboa & DP for posting this on the main AAZ thread,,, tis much appreciated chaps, Cheers Wan :-)



06 February 2024

Anglo Asian Mining (AAZ) has made an undisclosed profit from a forward sale position for 4,600oz of gold bullion over a seven-month period from June to December 2023, according to well-placed market sources.

The precise number will likely be revealed later in the year when financial data is released to the London Stock Exchange or at an analyst conference call.

The hedge was made at prices between $1,949.75/oz to $1,979.25/oz when the spot price was $1,947.50.

Annus horribilis
For now, AAZ is ramping up production at its mines in Azerbaijan following an annus horribilis in 2023.

Activity at its flagship Gedabek properties was suspended for about six months amid environmental worries, and after large demonstrations to protest the miner's plan to build a second tailings dam.

An audit cleared the group of irregularities, but AAZ said it would double down on safety to meet community concerns.

"In collaboration with the government, [we have] agreed to a re-evaluation of the technical and environmental aspects of [the] second tailings dam, including the proposed location," said the miner - which is capitalised at £65 million.

The shares are down by a third in five years due to last year's interruption of production and were also depressed by the pandemic. Shares have crashed from 161p in August 2020 to 65p yesterday.

AAZ is hoping for better times ahead. Bill Morgan, finance director, said he was "extremely optimistic about the outlook", with several new mines coming on stream in the next three or four years, to replace pits at Gedabek that are coming to the end of their life.

"Potentially, we could become a much bigger company," he said.

Transition
The miner is at a point of transition - it wants to boost production of copper to take advantage of prospects for energy minerals and move towards becoming a mid-cap.

SP Angel said: "The company has provided a road map to gradually grow its production rate from about 52,000oz (AuEq) and 10,000t (CuEq) to 175kozpa Au and 35ktpa Cu becoming a multi-asset, mid-tier copper-gold producer by 2028."

Effectively, copper will expand from providing 20-30% of production to around 90%.

In the interim, Anglo Asian must rely on two factors that will influence its fortunes. First, the gold price. All good on this front, according to Swiss investment bank UBS.

Gold and silver were expected to climb further in 2024 on expectations that the Fed will start cutting interest rates.

UBS said: "We are expecting gold to be pushed higher by a Fed easing. Also, this comes with a weaker dollar; [we expect] the metal to hit $2,200/oz by the end of the year."

But forecasting is always tricky, and yesterday the dollar hit a three-month high after the Fed chairman Jay Powell sought to rein back rate cut expectations in comments for the market.

One could argue the current elevated gold price is high for the wrong reasons: geopolitical angst and wars in the Middle East and Ukraine. That may not benefit stock indices in the medium term, but it could benefit mining companies, as history tells us many investors look to turn gold into dollars as quickly as possible, redirecting cash into companies and markets. Often, but not always, shares in gold producers outpace the gold price, and capital returns are decent as well.

But at the least, a strong gold price means AAZ can grow revenue and protect margins. Finance director Morgan said the omens were good.

"If you look at gold in the long term, it does go up in line with inflation, and I think inflation is going to persist because of large volumes of central bank debt, among other things."

International relations
The other issue is that Azerbaijan looks too risky a jurisdiction for some investors. But AAZ has been a dividend-paying company and is well connected - an important factor to take into account when investing in the Caucasus.

AAZ chief executive Reza Vaziri, formerly a businessman with links to pre-Khomeini Iran, has struck a production-sharing agreement with Baku, and relations with the government are said to be good. Governor John Sununu of New Hampshire, who served as President George HW Bush's chief of staff, is a significant minority shareholder, and Sununu's son Michael is also on the board.

Vaziri, who knew the late Henry Kissinger, was said to "dedicate much of his time furthering business relations" between the US and Azerbaijan.

AAZ's management holds 45% of AAZ's equity.

Although Azerbaijan has a stable government, the CIA World Factbook noted president Ilham Aliyev secured a fourth term in April 2018 "in an election that international observers noted had serious shortcomings".

The American body said reforms were needed to address "weaknesses in government institutions"

wanobi
07/2/2024
12:06
Was experimental in 2005 cant find anything since but the process looks straight forward apart from the magnets on molten solution which maybe more interesting but I am sure there is a way to engineer it.
Edit
should add SB has said in the past the technology, or could have been a plant, already exists. That is why I did some searching to find it.

pogue
07/2/2024
12:00
EEE

Extraction process.

pouges link,



It looks like the Russian Academy of Sciences has an extraction process......but is still experimental.....hence SB wants a pilot plant.

However.......article implies that there is a shed load of ore waiting sitting around in the ground in Russia waiting to be processed.......if a process can be found.

11_percent
07/2/2024
11:53
Thanks Pogue,still cautiously optimistic for EEE,caution in Current mkt cap is already quite high,optimistic as think Pitfield probably can be made commercial, IF they can prove the the chemical process can work,a buyout fr a major player would be the preferred result.
e43
07/2/2024
11:47
pogue,

Cheers....was just about to ask you about your ore extraction research..will have a look.

11_percent
07/2/2024
11:38
10_percent
have a swatch at this



Edit
haven't watched the interview yet just went from someone's brief notes on LSE and my own knowledge will watch soon though need to be somewhere a bit more private.

pogue
07/2/2024
11:36
apols Mj, I took the 15K & 10K AAZ this morning,,, then went for a walk as I couldn't get anymore :-) GLA LTH's Cheers Wan :-)
wanobi
07/2/2024
11:14
EEE

SB video.

Good summary pogue.....its now about how to get the Ti out of the ore.

I get the impression that they will get it out.....gravity separation on one hand or furnace on the other end of the spectrum .....its about the cost of doing it.

However.....a bit of caution for me when he said that there has never been a Ti ore like this discovery.

I will stick my head out......the TI is there, in rock.......and there is a good chance they can get it out.....but that's what they are working on.......hire the experts (mainly done).......define a lab process......build the pilot plant in the desert......in say 18 months time...mid 2025.

Dimond drilling starts in a few weeks.

11_percent
07/2/2024
10:41
Here you go baz
06 February 2024
twitter_icon
linkedin-icon
fb-icon
Anglo Asian Mining (AAZ) has made an undisclosed profit from a forward sale position for 4,600oz of gold bullion over a seven-month period from June to December 2023, according to well-placed market sources.

The precise number will likely be revealed later in the year when financial data is released to the London Stock Exchange or at an analyst conference call.

The hedge was made at prices between $1,949.75/oz to $1,979.25/oz when the spot price was $1,947.50.

Annus horribilis
For now, AAZ is ramping up production at its mines in Azerbaijan following an annus horribilis in 2023.

Activity at its flagship Gedabek properties was suspended for about six months amid environmental worries, and after large demonstrations to protest the miner's plan to build a second tailings dam.

An audit cleared the group of irregularities, but AAZ said it would double down on safety to meet community concerns.

"In collaboration with the government, [we have] agreed to a re-evaluation of the technical and environmental aspects of [the] second tailings dam, including the proposed location," said the miner - which is capitalised at £65 million.

The shares are down by a third in five years due to last year's interruption of production and were also depressed by the pandemic. Shares have crashed from 161p in August 2020 to 65p yesterday.

AAZ is hoping for better times ahead. Bill Morgan, finance director, said he was "extremely optimistic about the outlook", with several new mines coming on stream in the next three or four years, to replace pits at Gedabek that are coming to the end of their life.

"Potentially, we could become a much bigger company," he said.

Transition
The miner is at a point of transition - it wants to boost production of copper to take advantage of prospects for energy minerals and move towards becoming a mid-cap.

SP Angel said: "The company has provided a road map to gradually grow its production rate from about 52,000oz (AuEq) and 10,000t (CuEq) to 175kozpa Au and 35ktpa Cu becoming a multi-asset, mid-tier copper-gold producer by 2028."

Effectively, copper will expand from providing 20-30% of production to around 90%.

In the interim, Anglo Asian must rely on two factors that will influence its fortunes. First, the gold price. All good on this front, according to Swiss investment bank UBS.

Gold and silver were expected to climb further in 2024 on expectations that the Fed will start cutting interest rates.

UBS said: "We are expecting gold to be pushed higher by a Fed easing. Also, this comes with a weaker dollar; [we expect] the metal to hit $2,200/oz by the end of the year."

But forecasting is always tricky, and yesterday the dollar hit a three-month high after the Fed chairman Jay Powell sought to rein back rate cut expectations in comments for the market.

One could argue the current elevated gold price is high for the wrong reasons: geopolitical angst and wars in the Middle East and Ukraine. That may not benefit stock indices in the medium term, but it could benefit mining companies, as history tells us many investors look to turn gold into dollars as quickly as possible, redirecting cash into companies and markets. Often, but not always, shares in gold producers outpace the gold price, and capital returns are decent as well.

But at the least, a strong gold price means AAZ can grow revenue and protect margins. Finance director Morgan said the omens were good.

"If you look at gold in the long term, it does go up in line with inflation, and I think inflation is going to persist because of large volumes of central bank debt, among other things."

International relations
The other issue is that Azerbaijan looks too risky a jurisdiction for some investors. But AAZ has been a dividend-paying company and is well connected - an important factor to take into account when investing in the Caucasus.

AAZ chief executive Reza Vaziri, formerly a businessman with links to pre-Khomeini Iran, has struck a production-sharing agreement with Baku, and relations with the government are said to be good. Governor John Sununu of New Hampshire, who served as President George HW Bush's chief of staff, is a significant minority shareholder, and Sununu's son Michael is also on the board.

Vaziri, who knew the late Henry Kissinger, was said to "dedicate much of his time furthering business relations" between the US and Azerbaijan.

AAZ's management holds 45% of AAZ's equity.

Although Azerbaijan has a stable government, the CIA World Factbook noted president Ilham Aliyev secured a fourth term in April 2018 "in an election that international observers noted had serious shortcomings".

The American body said reforms were needed to address "weaknesses in government institutions"

donald pond
07/2/2024
10:26
Agreed Mattjos especially as the Government were partly responsible for the BS incident?
michaelfenton
07/2/2024
10:21
Some interesting stuff re EEE. Basically, SB has started to address the fears of those that don’t understand the extraction process. High grade titanium in sandstone is unusual. Normally its high grades in hard rock and low grades in sand. Both are profitable but have different costs sandstone is soft rock and the ore is TiO2 which is good as most other ore is TiO3 that needs reduced to TiO2 to be processed therefore more cost. High grade TiO2 in sandstone is relatively unknown. I did some research a while back and found that the Russians developed a process using magnets about 20 years ago and from the interview that appears to be the route SB is going. 6 to 12 months in the lab looking at the process then build a pilot plant within 18 to 24 months, presumably from now not after the lab tests. He doesn’t seem to worried about the process and is just cranking the handle to get the exact chemistry worked out. Will need some fund raising obviously for is pilot plant but that will be 12 months from now I expect. That said I don’t hold just now as its clearly being traded so without short term news it will drift lower I expect, probably going to get that wrong though and a monster RNS will hit from left field lol.
pogue
07/2/2024
10:19
wont take much by way of positive news to set AAZ off on a run smartly higher, imo
mattjos
07/2/2024
10:10
Results of the election are foregone conclusion.
As soon as the result is proclaimed, pretty damn sure that Aliyev will want to start a campaign of good news to reinforce the wisdom of voting for him.
He certainly wont want any sort of negative news like there is in Turkey just now about recovery form the earthquake.

News on growth in the economy, jobs & opportiunities in a newly revitalised NK etc etc
This will be the order of the day and AAZ can and will be part of that positive narrative going forward.
I do not doubtr that the government and the relevant Ministries will be fully supportive of everything we endeavor to do going forward from here after this recent BS incident.

mattjos
07/2/2024
10:03
cant buy any AAZ online
mattjos
07/2/2024
10:00
Latest Crux interview with SB of EEE,link on lse,
e43
07/2/2024
09:56
Zip available online
mattjos
07/2/2024
09:38
CTL is a share I have been trading initially with great success but got caught on a snake by a statement from El Presidente of Chile that he was going to nationalise the lithium extraction industry. Turns out what he is actually doing is assisting it to grow and it was used by shorters to panic the market. I am still up overall but the last trade is painful as I still hold some from around 40p. The statement hit the share price badly then then they needed cash that was supposed to come from an ASX listing but the ASX is having staffing problems and are completely unable to do anything in a reasonable time however the need for cash remained to keep the lights on and the price cratered before the management gave in and had a fund raise at 22p. The CEO has a large holding of the company and the rest of the board have bought their own shares so are committed. Should be noted the lithium price also took a major hit due to Chinese overstocking but that seems to have bottomed as well

It fell further than I expected and hit 14p recently and has now started to rise and is at 18p. I avoided the fundraise but have bought in on the way back up. The company, from profitable experience, are very good at talking the price up and are now at it again in a big way. Every 2 weeks, tonight is the second one, they are giving presentations on everything they are doing in minute detail. There is good news flow coming in the form of a pilot plant being commissioned and the progress of the licence, CEOL, which from speaking to the CFO is basically a license to print money. It is not expected the granting of the licence will be an issue as they have paid off the local tribes, who are many miles away anyway, with jobs and beads so tick the boxes. The CEO is on good terms with El Presidente and he is advising him on how to make the lithium industry in Chile to go green, CTL produces ’Green’ lithium via a brine filtration system rather than the usual ‘UnGreen’; evaporation system normally used in Chile.

It’s a trade though as the Australian ASX listing will still happen and they need 200 new investors from Oz to participate to make it happen so more dilution coming. Currently board are predicting around April. Having said that ASX exposure should boost the price as it’s basically a mining exchange and this company is very undervalued for the position it is in. Funding, which will obviously send the price rocketing, should become clearer when the product of the pilot plant is passed round possible off takers so expect that to all be very clear by year end latest. Meanwhile drilling continues to flesh out their prospects even more.

This is not financial advice I don’t have the qualifications I do hold the shares though so am talking my own book. DYOR this post is for entertainment purposes.
PS
I told you that was the kiss of death me posting re HVO it seems to have dropped a little today. I expect this post to have the same effect on CTL lol

pogue
07/2/2024
09:32
Anyone have access to this? https://www.mining-journal.com/london-to-a-brick/opinion/4170639/anglo-asians-mining-offensive-azerbaijan?utm_source=sendinblue&utm_campaign=MJ_Global_Edition_%20FEB%2006%202024%20-%2012:50:37%20UTC&utm_medium=email
bazboa
07/2/2024
08:28
Wouldn't be surprised to see a couple of buys here today. Suspect after election we will open the news flow
donald pond
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