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AAZ Anglo Asian Mining Plc

84.00
3.00 (3.70%)
26 Jul 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 Shares Traded Last Trade
  3.00 3.70% 84.00 141,994 16:35:18
Bid Price Offer Price High Price Low Price Open Price
78.00 84.00 81.00 79.80 81.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec USD 45.86M USD -24.24M USD -0.2122 -3.82 92.54M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:36:13 O 605 84.00 GBX

Anglo Asian Mining (AAZ) Latest News

Anglo Asian Mining (AAZ) Discussions and Chat

Anglo Asian Mining Forums and Chat

Date Time Title Posts
26/7/202421:12One of the largest developing gold properties in Eur or Asia60,779
26/7/202419:53Wanobi & AAZ68,195
10/6/202420:04Anglo Asian Mining Charts64
20/7/202212:37⚠️ WARNING ⚠️ 10
15/4/202213:57Anglo Asian Mining PLC - gold and copper in Azerbaijan23

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Anglo Asian Mining (AAZ) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-07-26 15:36:1484.00605508.20O
2024-07-26 15:35:1884.00375315.00UT
2024-07-26 15:28:2781.20250203.00O
2024-07-26 15:03:3379.625,8104,625.92O
2024-07-26 14:37:3881.256,1484,995.25O

Anglo Asian Mining (AAZ) Top Chat Posts

Top Posts
Posted at 26/7/2024 09:20 by Anglo Asian Mining Daily Update
Anglo Asian Mining Plc is listed in the Miscellaneous Metal Ores,nec sector of the London Stock Exchange with ticker AAZ. The last closing price for Anglo Asian Mining was 81p.
Anglo Asian Mining currently has 114,242,024 shares in issue. The market capitalisation of Anglo Asian Mining is £92,536,039.
Anglo Asian Mining has a price to earnings ratio (PE ratio) of -3.82.
This morning AAZ shares opened at 81p
Posted at 16/7/2024 13:13 by donald pond
I think the assets and management of AAZ are excellent, but the jurisdiction is fraught with risks that I underestimated.
If you are an institutional investor and can buy RIO or similar on a PE of 9 and a yield of 6%, what would AAZ need to offer to compete? I would say something like a PE of 3 and a yield of 20% is about right unless there is a tangible sign that Azerbaijan is a safe place to do business. If, for example, the government said that there would be no profit share at Demirli for the first year of production, that would change perceptions.
But the idea that profits and dividends will decide all is incorrect. They may allow a fair value to be determined, but the biggest factor for some time weighing on the share price will be what jurisdictional discount to apply.
Posted at 10/7/2024 17:49 by 2cmb
Katsy why are you always so negativ ? Do you read all the RNS's that are there?
Rıza Waziri states in one of them that finance is also awealable outside Azerbaijan. Did you know he lent his own fiance to AAZ in the early years at a very competitive rate ?
The Government is on side of AAZ.
The Azarı Banks would line up to lend money to AAZ.
LOL, why be so negative ?? Do you think I went all in for the fun of it ??? Without doing any DD ?
You can of course join the other sellers who would be looking in hindsight after sometime.
I am looking forward to a year when the share price is over £2.
Given it a bit of time the dividend will also be restored.
Just a simple question to you.
Did anyone of the BoD sell any shares ?? Why not ? They hold 40%. Do you know what the value of the discovered resource is ?
Negativity !! I give up !!
Oh' if you know of a better investment please do inform me.
Posted at 09/7/2024 15:14 by 2cmb
hxxps://www.offshore-energy.biz/markets/fossil-energy/
All about Falklands and RKH.
Perhaps it will go ahead. NAI.

Let's see if the MM,s Play their gams again this afternoon with AAZ share price as they did yesterday afternoon ,10 minutes before the stock market closing time !!
Drop the price and catch a few more sellers.
Posted at 08/7/2024 17:42 by 2cmb
D18 not all the workers had stayed at work. The necessary mining guys of course continued working.
Digger don't forget the local economy is reliant quite a bit on AAZ.
I bet even the local supermarket owners would have been very unhappy. AAZ employ over a thousand people in that area.
Cars bought on credit would have had to be returned. I bet the locals suffered quite a bit because of their stupid demonstrations.
The story was in the media and even the President got a bit frightened !!
Hence he stopped AAZ from mining.
Now AAZ is all clear and proven to be clean.
It has cost us shareholders around a year !!!
Thing will all hopefully be sorted all around before too long.
Posted at 08/7/2024 14:57 by 2cmb
This TD senario !!

If I was in the BoD of AAZ, I would have sent a message to all the villagers that demonstrated against AAZ and have been out of work at AAZ for a year now !!

Flash the paperwork form the ministry that planning permission has been granted to raise the TD. The same people should start to lobby their counselors and mayor's so that the stamped paperwork can be delivered to AAZ, so they all can get back to work.

I am pretty sure Rıza Vaziri has had a phone conversation with the Azari Gold BoD or a member of the BoD as well.
It is just a question of getting things sorted to suit everyone.
The above is AIMO of course.
GLA
Posted at 26/6/2024 22:11 by wanobi
well done hubs,,, honestly, I've given up with AIM shares,,, trading and/or investing in them,,, for now anyhow :-) !!!! :-) LOL :-)

it's taken me a few years to realise that AAZ is a special case,,, & provided we get the TD rubber stamp & the world doesn't implode,,, I just cannot see a better bet out there right now :-) :-)

things can always go wrong,,, but,, I'm happy to be all in with just AAZ for the long term now.... :-) :-)

after around 5 years at this (I think!!),,, I hope to now sit back and let AAZ earn me a living :-) :-)

needless to say I have been averaging down my AAZ holding like a nutter in recent months,,, often, literally fighting off that feeling of sickness as I've pushed the buy button on a lot of share purchases.... for me this is it,,, this is the once in a lifetime play.... fingers crossed it'll work out....

we shall see :-) :-)

Cheers
Wan :-)
Posted at 26/6/2024 11:20 by stevea171
AAZ share price moving steadily higher. 80p (79 - 81). But a loooong way to go to reach a fair valuation.

RNS tomorrow on sign off of TDR and restart of main production?
Posted at 25/6/2024 17:13 by 2cmb
Katsy' AAZ is still very cheap at the current price IMHO ofcourse.
The Demirli mine alone is worth the current shareprice. The market has not woken up to the potential of AAZ currently. It will sooner or later.
You are buying £2/3 + worth after a couple of years !! Not a long time to waite (in the stock market time frame).
When the various RNS'S start to land you will start to see the difference between the current and the price action later on.

Please read the post by 2SP and FZ this afternoon.
Then perhaps you will understand the politics in the Caucuses.
No advice intended but please wake up
to the true value of AAZ.
There are seller and buyers in the stock market. There are reasons for the sales Especially the last couple of days !! They have all been bought up. Why may you ask, a lot know the potential here but are not exposing themselves to the little uncertainty of the TD final stamped paperwork.
Posted at 25/6/2024 14:48 by 2sporrans
LLB

"12.06.2024 - shortly
25.06.2024 - Zip (so far).. :o)"

Ha yes.

You have me reflecting on, what seems such a bizarre circumstance with the
Azeri 'jurisdiction'.

Like there's a sort of tier of people here, with very different relationships to the company.
Loosely:

1. The decided majority of the local community [Gedabek] who must be very glad of their employer/customer; not least for keeping on so many staff over the past 11 months.

2. A much smaller, disaffected minority. One that's protests led to the ongoing debacle; their fears fanned by various malign actors, some external, each with different agenda.
An exercise in mollification seems to be bearing fruit; how much remains to be seen.

3. A governing bureaucracy that proceeds slowly and with caution.
Notably so following loud barking from above; see 4.

4. At the top, an autocratic [semi-autocratic?] elite.
They can move with alacrity.
However, the shock of Aliyev's invective of 11Jul23 revealed that this elite won't always act in moderation or lean in AAZ's favour.
Notwithstanding.....
Mostly, it has.

The triple concessions [Garadagh, Xarxar, Demirli] - for free!!
A massive boon for AAZ.
Sure, they were granted as a result of negotiations whereby AAZ relinquished its rights to the Soutley CA and within it Zod, the largest gold mine in the S. Caucasus.
Well to about 70% of it....on the Azeri side of the border with Armenia.
A win-win trade off, if ever there was.
Do you recall, that in contrast to the quite fast negotiations for the Gov't elite and AAZ to make an agreement, it took almost a year for parliament to rubber stamp it.?
The ratification.

Anyways, so here we are:
The Azeri government wants rapid growth in mining and any downstream industry it may feed.
Foreign capital and companies are required to fast track this.

So, we have the crazy dichotomy where
on the one hand,
Azergov elite is almost cracking the whip on AAZ to get Demirli up & running asap.
On t'other, the sloooow, protracted process to allow dam raise & plant re-start at Gedabek, + GILAR producing and generating abundant net cashflow.

The result of which is consequently, cash/cashflow starved AAZ recursing to credit raises in order to get all the above underway, as soon as they are permitted.

Starve the horse while flogging it forward.
How dysfunctional is this?

Well, if perchance, all gets signed off this week, a new perspective will dawn as activity transcends from semi-stasis to fast track.
Posted at 24/6/2024 19:16 by touche
Excellent post 2SP. Below are the assumptions from that Haardman note. Most of these have improved v base case. This will get very interesting as seller cleared, TD final stamp given and investors realisation lands. Strap in!Demirli project - key assumptionsYear-end Dec ($m)CombinedInitial LOM13 yearsOre grade (Cu)0.43%Ore grade (Mo)0.0051%LOM ore production (before recovery/PSA) (mt)45.5AAZ share (PSA after subtracting capital/op. costs)49.00%Cu and Mo recovery85%LOM copper production (before recovery/PSA)197,916LOM copper production (AAZ share)138,609Copper production p.a. (AAZ share at full production)10,521LOM molybdenum production (before recovery/PSA)2,300LOM molybdenum production (AAZ share)1,611Molybdenum production p.a. (AAZ share at full122production)Copper price LOM ($/tonne)8,000Copper price LOM ($/Ib)3.63Molybdenum price LOM ($/tonne)30,000Molybdenum price LOM ($/Ib)13.61TC/RC (Cu $/tonne, $/Ib)8.00/0.08Cash operating cost ($/lb Cu)2.50Tax charge32.0%Initial capital cost30.0Maintenance capex (p.a.)1.0Discount rate8.0%NPV ($m)92.655$/E1.21F.D. shares (m)114.242NPV (£ per AAZ share)0.67Source: Hardman & Co Research
Anglo Asian Mining share price data is direct from the London Stock Exchange