Anglo Asian Mining Share Discussion Threads

[michaelfenton] 13/3/2024 08:02

AAZ is being treated like the guilty party where in fact the guilt stems right from the top of Government. This is becoming a farce and we are all sitting (if not departed) on humongous losses with no light at the end of the tunnel. Todays RNS does not really help as it is just one small step in the new conditions being met. I despair and am considering bailing out of AAZ as at this time their are better homes for my money even allowing for my substantial losses.

[donald pond] 13/3/2024 08:00

Should have been done 3-5 years ago but too many argue about ESG rather than accept it just needs to be done

[riggerbeautz] 13/3/2024 07:57

JB2 if you’re looking in, several accumulators now depending on Mullins/Townend partnership; decent first day :)

[riggerbeautz] 13/3/2024 07:54

Pogue let me know when you get bullish again lol

[gutterhead] 13/3/2024 07:47

Box ticking that needed to be done so as to allow govt to sanction dam raise

[touche] 13/3/2024 07:45

Not the most exciting news... on another front we still have 2.6m warrants exercisable at CAN 22c before Jan 2025. Good to get something out of the LBC distraction.

[onedayrodders] 13/3/2024 07:41

Excellent RNS update from Afentra (AET) today

Production strong and latest deal approved.

In a recent presentation, Paul McDade confirms the following from around 25 mins.

"We will probably be debt free by end of 2024, and then throwing off $50-60m free cash per annum from thereon and sustainable for 7-10 years"



That's without further growth and onshore opportunities.

For me one of THE best 2-3 year investments on AIM .... Although these days, "AIM" and "Investment" are not really 2 words that should be in the same sentence.


ODR

[henwii] 13/3/2024 07:24

Not quite the news I was hoping for. But maybe another hurdle jumped through? who knows.

[all in eol] 13/3/2024 07:23

Your committee can monitor your corporate responsibility and sustainability targets. It also plays a crucial role in defining and setting up your goals. These should be ambitious, realistic, and with the long-term interest of your company, the public and the environment at heart.

[all in eol] 13/3/2024 07:19

SHOJIN PROPERTY PARTNERS LIMITED

If this is the company it’s worth a poke around companies house filings etc

[bumpa33] 13/3/2024 07:17

AAZ establishes sustainability committee…

[bumpa33] 13/3/2024 07:14

IXI TU/profit warning.

[bumpa33] 13/3/2024 07:13

CapXX nearly gone.

[bumpa33] 13/3/2024 07:13

Yep it was Pogue, it was also the only recent review. The last positive one was 2017.

[wanobi] 13/3/2024 07:06

Good morning all, Cheers Wan :-)

[pogue] 13/3/2024 07:04

Bumpa
Yea I saw that review but it was the one bad one from those posted and from the timing could be projects started in COVID which may explain the delay. It is a question I am going to ask them though.
Thanks for your thoughts on them.

[all in eol] 13/3/2024 07:00

13 March 2024

Anglo Asian Mining PLC
Establishment of a Sustainability Committee

Anglo Asian Mining PLC ("Anglo Asian" or the "Company"), the AIM listed gold, copper and silver producer focused in Azerbaijan, is pleased to announce that the Company's Board of Directors has established a Sustainability Committee, which will be chaired by Professor John Monhemius.

The Sustainability Committee, as part of Anglo Asian's commitment to responsible mining practices, will oversee the development of the Company's strategy and activities related to its sustainable development and social responsibility. Aligning with its commitment to generate value for all stakeholders, this initiative reflects Anglo Asian's dedication to operational safety, sustainable practices, environmental stewardship and community engagement.

The committee will be comprised of Professor John Monhemius, Mr William Morgan, Dr Stephen Westhead, Mr Farhang Hedjazi, Mr Tarkan Yazici and Ms Aynur Atayeva, each bringing diverse expertise and perspectives to drive meaningful progress in sustainability initiatives within the Company.

The Company's climate policy is available at

[bumpa33] 13/3/2024 06:43

Pogue - re: Shojin, the sort of thing I’d steer well clear of but that probably says more about me than it does them. Trustpilot review from `July 23 maybe worth noting though…?

”Delays, delays, delays... hope fading.
I've invested in 2 projects, both on paper were to have a duration of 1 year.

Both have now continued for 2-3 years.

Shojin communicates the reasons, but ultimately each month I hear a new reason for delays.

All the while they are openign new projects and bringing in more investor capital.

I really hope this isn't what it looks like...”

Date of experience: July 04, 2023

[sideshowbull] 12/3/2024 20:26

Who snitched my EEE work?

Hold on to your hat.


Tsunami coming.

General call not specific.


SSB

BWTFDIK.

[mattjos] 12/3/2024 19:12

Bob-on i reckon:

Libero Copper (LBC.V, last at $0.65)

"Libero caught my eye one day in January as a 2.5c stock that was doing a 1.5c financing and a 1 for 10 rollback of its ~175 million share count. It traded up to 3.5-4c in the following weeks which was quite unusual for something about to be rolled back and financed at a big discount to where it was trading. Then, on February 15th, came the key piece of information; Frank Giustra had bought 19.2% of the company on a partially diluted basis in the 1.5c financing (15c post-rollback). Sixteen hours later, a second financing was announced at 25c — it was sold before it was even announced. Hmmmm. From those two events, it was pretty clear to me that Mr. Giustra has a plan for LBC, even if I didn’t know what it was. Four directors resigned and were replaced by a 25-year geologist that has overlap with Frank in West Red Lake Gold Mines. Once the financings settle, LBC will have 48 million shares outstanding (and 31 million warrants) for a market cap of $29 million as of Friday’s close (with ~$6mm in cash). So why care about LBC? Well, back in April 2022, the company drilled over 1200 metres of 0.58% copper-equivalent (this is a copper-molybdenum porphyry) from surface including 595 metres of 0.77% CuEq starting at a depth of 7 metres at its Mocoa project in Colombia. The discovery wasn’t new… an inferred resource of over 600 million tonnes of 0.45% CuEq has already been identified, but subsequent work by LBC has shown that that the known Mocoa deposit is part of a larger cluster of deposits with multiple additional untested targets that also outcrop at surface. In short, Mocoa has billion-tonne-potential, which is what you want to see if you ever want to get taken seriously by the big industry players. I’m new to LBC, but it would appear that there was some local opposition to the project, at least in part due to the fact that the project was being modelled as an open pit, but LBC seems to be leaning towards an underground block-cave mine now and there have been some favourable changes at the local government level. Mix in the fact that Mr. Giustra has plenty of experience and contacts in Colombia and I think this starts to look like a very interesting speculation. Until the two aforementioned financings come free-trading in June-to-July of this year the total float for LBC is just 17.5 million shares, which could make for some interesting trading. Given that LBC already has a massive porphyry on its hands, and is looking to make it even bigger, I think that the ~$30 million cost of entry starts looking pretty attractive as a speculator relative to other known stories in the sector. It’s not a huge position for me, but if it goes, it could really go, especially if copper can get through $4 with a tailwind. Even from these levels, I think this could 5-10+ bag with a little time and a little interest. My bet here is that Mr. Giustra’s presence makes my odds a little better. We’ll see."

[bozzy_s] 12/3/2024 16:41

Nice 👍

Just doing the maths on AAZ's holding. Was 12.5m shares, so now 1.25m. Would be nice to see those back towards $3 or $4 in the medium term. Their break-even is around $4.75 - $5 ish. Still peanuts compared with the potential in Azerbaijan.

[mattjos] 12/3/2024 15:27

Still holding all the LBC I bought as it has not reached my price target.

[all in eol] 12/3/2024 15:16

Out of my first Atom trade at a small profit and into MEN as the volume is increasing there.

[bozzy_s] 12/3/2024 14:49

Matt did you hang on to your $0.02 Libero shares? Looks a good call (and a brave one I have to admit)

[petersinthemarket] 12/3/2024 13:39

Shoezone SHOE
Multiple positive tips during the first few months of this calendar year. Share buyback announced. Profitable summer.

BUT today an AGM announcement that trading is ''marginally'' down (no figures given) due to ‘a higher-than-expected increase in the National Living Wage, an increase in container costs due to the ongoing situation in the Suez Canal, higher costs associated with upgrading our property portfolio, and the impact of a slower-than-expected end to our Autumn/Winter season.’

SP absolutely hammered. Down from above 280p to below 240p.

Still looks good to me and should bounce back in due course.

EDIT: Already 244p to buy at 13:57pm