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
  5.50 4.49% 128.00 217,261 12:48:45
Bid Price Offer Price High Price Low Price Open Price
125.00 131.00 129.50 122.50 122.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 69.41 22.72 12.75 10.5 146
Last Trade Time Trade Type Trade Size Trade Price Currency
16:30:01 O 3,935 129.20 GBX

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Date Time Title Posts
17/4/202115:49One of the largest developing gold properties in Eur or Asia45,466
17/4/202112:49Wanobi & AAZ33,473
15/4/202119:37Anglo Asian Mining Charts4
03/3/202107:14Anglo Asian Mining - Seriously Undervalued8,223
21/1/202114:26Anglo Asian Mining PLC - gold and copper in Azerbaijan22

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Anglo Asian Mining (AAZ) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-04-16 15:30:02129.203,9355,084.02O
2021-04-16 15:15:17129.201,5471,998.72O
2021-04-16 15:13:15126.306,2007,830.60O
2021-04-16 14:46:19130.003849.40O
2021-04-16 14:44:44128.00756967.68O
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Anglo Asian Mining (AAZ) Top Chat Posts

Anglo Asian Mining Daily Update: Anglo Asian Mining Plc is listed in the Mining sector of the London Stock Exchange with ticker AAZ. The last closing price for Anglo Asian Mining was 122.50p.
Anglo Asian Mining Plc has a 4 week average price of 117.50p and a 12 week average price of 117.50p.
The 1 year high share price is 182.50p while the 1 year low share price is currently 102p.
There are currently 114,392,024 shares in issue and the average daily traded volume is 477,018 shares. The market capitalisation of Anglo Asian Mining Plc is £146,421,790.72.
bozzy_s: ^ Revenue should be around $100m again this year, but solely as a result of the higher prices. Production is expected to fall for the 3rd consecutive year. Some have commented on how unbelievable the share price fall from 170 to 120 has been. Alternatively one could argue, why did the shares rise from 90p at the end of 2018 (73,000 oz gold produced) to 120p today (51,000 oz gold forecast for 2021)? It's a brutal update. And it continues a worrying downward trend. The saving grace is the dividend. There's nothing to suggest that'll be frozen or trimmed. It's the biggest reason the shares rerated from 40p in mid/late 2018, when AAZ was producing far more gold than today. I suspect we'll see a lower entry point in the coming days and weeks. If the 9c+ per year is safe, that'll be a decent 6.5% at £1 a share. Should hopefully see support at or above that price.
2sporrans: KS Good questions and i'd give a few, partial explanations/answers had i the time, which don't just now. Just enough for one Q/A: 5) What has happened to the high grade stockpiled ore that was going to be used to 'catch-up' production? Has that been used? If not, why not? Is this the same/different to the Vejnali stockpiled ore? I'm a tad confused by this one. We were advised last Summer, after the lousy Q2's came out as i recall, that there is/was a substantial stockpile of HG-gold ore that was built up in the very early years of production, as sulphide and unsuitable for the limited production options [only heap leach - cyanide] AAZ had available back then. Av. grade 2.8g/t. Is this the share price ore you are thinking of? It made a substantial contribution towards the revived Q3 gold production, as i recall, compensating for the absence of [depleted] Ugur ore. Maybe also towards the Q4, though i don't recall reading or hearing [Bill. M] anything about that. Nor do i recall that this particular share price has been exhausted; think there may well be more in reserve - along with that lot [load of copper as well as gold; can't recall how much of toh but over 10k-oz gold] in the tailings lake [when drained after new one bought into service - soon + the significant but tricky to access 'reserves' in "The Butts". These Vejnaly stockpiles were only revealed to AAZ following a very recent site visit. Does that help at all?
polaris: @lefrene - it's why i qualified it with i would not be averse to... ;-) I agree that a better route is leverage, as AAZ have a proven track record of paying back project debt. AAZ also state dividend will be in relation to cash generation, so it will be a balance of AISCs vs projected cap-ex as well, if funding internally. @2sporrans - For the net cash flow: most of the costs are fixed. TBH, it doesn't matter so much if the Au grade is lower for the Q if the Cu production is up and price up (which is the case for both cf. corresponding period in FY20). They balance out in terms of total revenues to AAZ and AISCs will be similar to previous year (taking into account all costs v all revenues). AAZ is a polymetallic small mining company. It grates with me that they keep converting to GEO. People then only look at the gold production side, which is only part of the story. It is more confusing than simply stating production targets for the 3 main metals. That actually brings out the contribution of copper production to total revenues over the last 18 months!
polaris: Done a quick and dirty forward projection for FY21, based on Q1 production. All i have done is take Q1 and assume identical production for rest of the year. This gives: Au 47628 oz Cu 2552 t Ag 141460 oz Using AAZ budget prices of $1650 Au, $25 Ag and $8700 Cu i get total revenues around $103 M after accounting for the smelting and transport costs for the concentrate (which i assume as 10 % of total metal value). The GEO using budgeted prices and production above is 63227 GEO, below bottom end of gudance. GoA take 12.75 % of gross revenues, so approximately $90 M attributable to AAZ. This is down on projections for FY2020, which we will get confirmed in about a month. It is far from disastrous, given the cash pile and prospects for developments. This is using numbers that don't even meet the lower end of the GEO guidance. The actual performance is going to be influenced by the metal prices cf. budget. Here, i'm particularly looking at gold and copper. Average YTD prices are above the budgeting...still 8 months to go though. Projecting up to the top end of guidance gets attributable revenue to AAZ around $100 M at budgeted prices. I have other budget prices for FY21 for Au, Ag and Cu, which generally give higher attributable revenues to AAZ for each scenario. It's a case of the here and now people v taking a step back to look at the larger picture, IMO. Yes, there are disappointments in the update this morning but i am a bigger picture investor. For example, i'd not be averse to AAZ freezing or cutting the H2 dividend to retain cash to develop the recovered CAs. I doubt the market will feel the same way, though the special helps in the total return to investors in FY20. AAZ still pays a dividend, unlike most other small miners. It is also profitable...even under the current conditions.
wanobi: I shall bow to your superior experience on the AAZ share price drop Rb,,,, I guess it was wishful thinking on my part it might take a fast trip down to 80p so I could buy some really cheap ones :-) LOL,,,, oh what a game this is :-) Cheers Wan :-)
ianguerin: There was a war last year; we are still in a global pandemic; employees were conscripted; the geology support from universities couldn't do their field work; global freight costs have risen (not AAZ specific); morrisons regularly face a shortage of peppers (unlikely to be AAZ specific). Nobody has emptied the gold, silver & copper from the mountains. The two main directors & principal shareholders haven't sold any shares, or at least not RNS'd any sales. The special dividend was paid just 34 days ago ! If the trendline was broken & the share price went down to say 80p, with no change to any of the above, would you buy more or sell up ? Chill ladies & gentlemen. If you want to leave the bus before the directors drive you to your original destination, ring the bell & let new passengers embark or the remaining passengers to take up the seats you've occupied until now. A stop or two along the route, it will be standing room only
bwana4: Good afternoon all. Wan' thanks very much for the charts. Much appreciated by me. I am hoping for good news from AVCT soon. AMC !! I don't know !! I think the share price has been manipulated for quite sometime there!! Small share sales are there most times. The AT trades control the share price there !! Perhaps the promised TEO will appear. I think it could also be a leaky ship too!! I am not holding my breath there though ! NAI ofcourse. Have a great weekend all and stay safe. ATB. PS. Just a polite reminder guys. Don't forget to move your shares into an ISA. You don't want the TAX mans mitts over your hard earned cash. £20,000.0 is the allowance. Bed and ISA the shares. ATB.
odsjp: Below is the starting positions for the 100-comp (End date 31-Dec-2022) The shares in red are not in the competition as their market cap is greater then £50M or I can not find the share (NIOX). If you want to submit another, please let me know. If your share price is in yellow then this is the current price (previous price was higher) and if in white then the current share price is higher so have given you the original price from a few weeks ago when we first started talking about the competition. Good luck everyone.
donald pond: On buybacks, we don't want a big discussion now, because we have other things to do with our money, but they clearly work for companies that are undervalued and cash generative. See TRMR for an example. But if the mines in NK hadn't fallen into our hands, AAZ could have spent £20m on buying back shares to reduce the number of shares in issue by 14m to 100m. That would increase future dividends by 12% and would also probably have added tens of pence to the share price. The share price is simply a matter of supply and demand. The reason it is in the 130s as opposed to the 330s is imo due to uncertainty about whether the company can increase production. Hopefully this month should start setting out a roadmap to do just that.
e43: Odsjp,i'll go back to my original start of comp picks, 3way split AAZ, ORPH and DDDD ,AAZ for some positive news,ORPH ,as already stated (thankyou Pogue)DDDD to do a little better ( the only one of the 3 to have made no share price progress since early Nov)Tyou.
Anglo Asian Mining share price data is direct from the London Stock Exchange
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