Anglo Asian Mining Share Discussion Threads

[pogue] 26/11/2024 13:31

Regards the drop at HVO many investors have received the same email, below, today in reply to queries if the company knows of any reason for the drop. Short answer is no.

Thanks for your email. The company is of course aware of the recent share price weakness but is concentrated on factors within its control. hVIVO reiterated its guidance in September for £62 million in revenue with full year EBITDA margins anticipated to be at the upper end of market expectations for 2024, and there has been no change to this.

If there are any material changes to expectations, the company would be required to issue an RNS to update the market. It is not in the company’s interest to make a habit of commenting on movements in share price or the decision-making of individual investors, for which there is a large number of contributing influences.

It is in the nature of hVIVO’s business model for there to be gaps between contract announcements. Decisions on whether clients proceed with a challenge trial are complex and affected by a number of different factors outside of hVIVO’s control. The Company did announce in its interim results that it had a pipeline of live short to medium term opportunities of c. £40million. The company remains confident in the long-term growth of the business and human challenge trial market, and its medium term growth target of growing Group revenue to £100 million by 20

[bumpa33] 26/11/2024 13:24

have to say your touchiness has now piqued my interest in QED hazl, so a quick check of the threads and I see you’re in a bit of a spat with Jaknife, aka evilbanksta from share price - who’s saying QED have a habit of spiking the price to place into - looking at their history would appear to back that up. Good luck going up against him 😊

[jaspoland] 26/11/2024 12:28

2026 is when I expect to see divis again. Any earlier would be a bonus but not expected

[someuwin] 26/11/2024 12:22

Good grades at ORCP

£1m market cap.

Pure punt but - interesting


8m @ 4.86 g/t Au from 34m (NZAC090)

- inc. 4m @ 5.09 g/t Au from 34m

- inc. 1m @ 18.22 g/t Au from 36m

- inc. 1m @ 17.96 g/t Au from 40m

§ 6m @ 3.13 g/t Au from 30m (NZAC097)

- inc. 2m @ 7.39 g/t Au from 33m

- inc. 1m @ 10.41 g/t Au from 34m

§ 5m @ 3.74 g/t Au from 31m (NZAC100)

§ 1m @ 5.72 g/t Au from 33m (NZAC092)

§ 3m @ 1.75 g/t Au from 33m (NZAC099)

Huge volume

[touche] 26/11/2024 12:14

First thoughts on dividend going forwards... anyone expecting a small dividend in 2025 or is 2026 more realistic given the investments needed?

[wanobi] 26/11/2024 12:11

many thanx DP :-) :-)

seems to have spooked some by the looks of it!!!!

[foetus in your brain] 26/11/2024 11:57

I wouldn't give a moments thought to the dividend issue. It is only a problem if the company goes bust and shareholders have benefitted at the expense of creditors. Looks like BDO checked EYs homework and found it wanting

[bumpa33] 26/11/2024 11:56

why would I have sour grapes ffs??

I’m just saying what I see on the order book! And two comments - now three - is hardly fixated 🤦‍a94;️

Be happy, don’t worry.

[hazl] 26/11/2024 11:52

Oh goodness surely not sour grapes bumpa?
You seem rather fixated on our success today?

[bountyhunter] 26/11/2024 10:12

26 November 2024



Anglo Asian Mining plc

Resumption of normal production from flotation at Gedabek and completion of the first raise of the tailings dam wall



Anglo Asian Mining plc ("Anglo Asian" or the "Company"), the AIM-listed gold, copper and silver producer focused on Azerbaijan, is pleased to announce that flotation processing has now resumed normal production at Gedabek, with ore being processed from both stockpiles and freshly mined ore from the main open pit. As previously reported, the agitation leach plant was restarted in September and so all processing facilities at Gedabek are now back into full production.



The Company has now also completed the first stage of raising the wall of its existing Gedabek tailings dam. The Company announced earlier in the year that it has committed to implement the Global Industry Standard on Tailings Management ("GISTM") at its operations at Gedabek. The standard strives to achieve the ultimate goal of zero harm to people and the environment with zero tolerance for human fatality.

[katsy] 26/11/2024 09:32

So we are back to an almost identical share price when the news first broke about the protest and subsequent suspension. So all seems about right to me.

[bumpa33] 26/11/2024 09:27

what I do see with QED this morning is the order book getting played. That’s SETS for you though…

[terropol] 26/11/2024 09:22

HUBS, give them a ring and discuss your problem.
Got it sorted, after my internet down due to snow the router had to be reset.

Good news from AAZ today. Working to plan.

The Market is dead. Once we restart dividends the share price will be irrelevant, the income will do the talking.

[foetus in your brain] 26/11/2024 09:16

Not listened to this but interesting to see AAZ mentioned in the adverthtTps://x.com/VSACapital/status/1861335401970934272?t=sLtWXTv5-CxzQpJH5_q1dQ&s=19

[wanobi] 26/11/2024 09:12

found this,, the, Impact of an unlawful dividend

Although the Companies Act 2006 does not contain any specific offences in respect of making a dividend that is deemed to be unlawful, the consequences of such a dividend can still be widespread, potentially affecting the shareholders, directors and the company itself:

Shareholders who know, or had reasonable grounds to know, that the dividend was unlawful will be liable to repay the dividend received or a cash equivalent sum in the case of a dividend in specie (to the extent that it was unlawful); there may be a greater risk of being required to repay in the case of insolvency of a company.

Directors of a company making an unlawful dividend may be in breach of their own fiduciary duties in authorising or permitting the company to make an unlawful dividend and can be personally liable to repay the amount of the unlawful dividend themselves.

The unlawful dividend will always remain unlawful; it cannot be rectified so that it is lawful.
The company’s accounts may contain errors and will need fixing and this may mean that other transactions carried on the basis of their contents are tainted too.

A company can itself be impacted by appearing balance sheet insolvent in respect of the unlawful dividend being included within its accounts. This could mean the company may have difficulties in obtaining credit from lenders or suppliers, and it may be in breach of existing arrangements which could have further implications for the business.

Where a dividend relating to a prior year's accounts is deemed unlawful, there may be requirements for amendment and restatement of those accounts and there may be potential liability on the directors in respect of a misstatement of accounts.

Remedying an unlawful dividend

In some corporate circumstances, the shareholders of a company are able to ratify the company's actions authorised by the directors to remedy an apparent breach of duty. However, such an action is not available in respect of an unlawful dividend since this is an ultra vires act.

Further, as the legality of the dividend is considered at the time it is made and the relevant formalities are required to be complied with at that point in time, it is not possible to retrospectively legalise an unlawful dividend. An unlawful dividend cannot be resolved by characterising it as some other type of payment either.

It is possible to remedy or otherwise mitigate some of the negative consequences that may arise following an unlawful dividend, provided the company is not insolvent. While the available options will depend on the specific facts leading to the unlawful dividend, and legal, tax and accounting advice should be sought in respect of the specific circumstances, potential options include:

Addressing the original issue: the company should seek to remedy the fact or issue that resulted in the purported dividend being unlawful. For example, where a dividend is unlawful due to a failure by a public limited company to file interim accounts, the company should ensure that those accounts are appropriately filed.

Appropriating the distributable profits to the payment of the dividend: the shareholders can authorise, by way of a special resolution, to ratify the accounting entries in respect of the unlawful dividend by appropriating the distributable profits of the company to the payment of the unlawful dividend, provided that the accounts now do show sufficient profits. This should take effect so that the distributable profits are appropriated with reference to the same record date as the original accounting entry of the unlawful dividend.

Release of shareholders: the company may enter into a deed of release pursuant to which it agrees to waive and release any and all claims which it has or may have against any of its shareholders in connection with their receipt of the improper dividend and under which it agrees to release them from any and all liability that they have or may have to the company in respect of it.

Payment of dividend: the release in favour of the shareholders itself is a distribution by the company in an amount equal to the original (unlawful) dividend and so the company would need to comply with all requirements (such as having sufficient distributable reserves at the time of the release).

Release of directors: the company may also enter into a separate deed of release with the directors under which it agrees to waive and release any and all claims which the company has or may have against its directors and former directors in connection with the making of the improper distribution.

Correction of accounts: accountants may advise that the accounts need corrections.

[wanobi] 26/11/2024 09:08

thanx, AiE, yes, that's how they've painted the picture,,, but, certainly I know that Limited companies can only legally pay dividends to shareholders if the dividends do not exceed the distributable reserves in the company!!!

So a UK Ltd company undertaking such actions would have essentially broken the law,, for which I know not the implications, a fine perhaps etc etc..

but, does this apply for a plc etc etc?

Just looking for advice from those that know more on this subject..

Cheers
Wan :-)

[hubs] 26/11/2024 09:07

All ok here Terrapol.
Am very disappointed with them. Inadvertently hit wrong button on the App and sent an order to a dealer - but unable to cancel, then paying highest price possible! Stuff like that. Just feel they are out to make things as awkward as possible, and currently looking for an alternative...suggestions anyone gratefully received.

[bumpa33] 26/11/2024 09:04

hazl - not sure I see value in QED with a mkt cap of £60m and 3m in cash. Smacks of a pre fundraise push….

[lefrene] 26/11/2024 09:02

Nice little update, reliably walking the talk. Thank you AAZ.

[all in eol] 26/11/2024 09:01

Wan,
I’m not qualified in this field but I would imagine that as the reserves were available in the subsidiary companies but not transferred early enough for the dividends being paid in that period then it’s just an accounting issue that they can rectify via the GM.

[wanobi] 26/11/2024 08:57

KS, if you're around, what's your take on the AAZ rns this morning please,,, the one where they state they have basically paid a divi based upon distributable reserves that were not in the business that paid the divi.... I guess the new auditor has found this, but, what, if any, implications might there be?

Company says,,,,

"This matter has no impact on Anglo Asian's current trading, nor on the Company's dividend policy going forward." which I get, no problem...

but, are there any implications at all ?

many thanx
Cheers
Wan :-)

[wanobi] 26/11/2024 08:52

Good morning all, Cheers Wan :-)

[riggerbeautz] 26/11/2024 08:26

GWMO is definitely a masterclass in rinsing the market Bumpa

[terropol] 26/11/2024 08:22

Good morning, anybody having a problem with signing in to Interactive investors?

[bumpa33] 26/11/2024 08:07

SFR - bad looking results, thumped on the opening…