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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
  -9.00 -6.67% 126.00 310,371 16:35:22
Bid Price Offer Price High Price Low Price Open Price
125.00 134.00 132.50 125.00 132.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 69.41 22.72 12.75 9.5 144
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:22 O 20,000 129.00 GBX

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Anglo Asian Mining (AAZ) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-09-22 16:19:11129.0020,00025,800.00O
2020-09-22 15:35:22126.0010,43313,145.58UT
2020-09-22 15:25:48130.554,0005,222.00O
2020-09-22 14:59:07128.807,7559,988.44O
2020-09-22 14:48:49128.801,5001,932.00O
View all Anglo Asian Mining trades in real-time

Anglo Asian Mining (AAZ) Top Chat Posts

DateSubject
22/9/2020
09:20
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 135p.
Anglo Asian Mining Plc has a 4 week average price of 125p and a 12 week average price of 125p.
The 1 year high share price is 174p while the 1 year low share price is currently 68p.
There are currently 114,392,024 shares in issue and the average daily traded volume is 164,954 shares. The market capitalisation of Anglo Asian Mining Plc is £144,133,950.24.
11/8/2020
12:47
wanobi: well, lets look at that, AAZ did go from 126 on June 21st to 174 on August 5th, so that's up 38% in 12 market open days,,,, trouble is, it then gave up a lot of that and was back to 147 earlier today,,, so lost half that gain in just 4 days!!!! I think that's the most frustrating thing about the AAZ share price,, when it makes strong gains towards 250p it doesn't seem to hold on to them!!!!! grrrrrr LOL grrrrrrrrr GLA Cheers Wan :-)
05/8/2020
08:04
callmebwana: Good morning all. Jeanesy,the RNS will come in it's own time. When it does I can see AAZ share price breaking the all time highs. Gold,Silver and Copper are all up. We have all three,what better share to be invested in ? ATB and GLA in whatever you are invested in. Stay safe.
01/8/2020
09:25
king suarez: Bit of a rough and ready read across of the HGM sale price v AAZ (both similar AISC): HGM enterprise value at 300p = £1.3bn (inc net debt of $250m) AAZ enterprise value currently = £155m (adjusting for cash around £25m?) HGM annual production 300k GEOs AAZ annual production c80k GEOs (normally) HGM resource - main mine states 16 year life, but significantly reduced production from year 8 onwards. Also, has other mines + various projects at differing development stages so say 10 years? AAZ resource - always stated around 5 years (rolling), but also various development 'projects' + due a (hopefully significant upgrade soon). HGM EV v AAZ EV = HGM over 8 x higher EV HGM production v AAZ production = HGM production 3.75 x higher HGM mine life v AAZ mine life = HGM 2 x higher HGM resource (operating mines 3.8m oz) v AAZ resource (around 1m oz? due an upgrade) = HGM 4 x higher Summary - based on sale price of HGM AAZ should be minimum twice the price. Enterprise value of HGM offer is over 8 x higher than AAZ, but all other meaningful metrics 4 x or lower. I suppose the other factor to consider is the PSA perceived 'drag' on AAZ share price - thoughts?
27/7/2020
11:45
pogue: An amazing gold miner AAZ, gold is at all time highs and AAZ share price cannot pass last year's high. Whatever is holding it back is powerful and as yet still unknown!
22/7/2020
20:20
conundrum: Brasso3, Not quite what you asked for The chart below shows the relative performance of the producers you mentioned over 3 years. Confusingly shown relative to the AAZ share price. Note my chart doesn't include gold price. free stock charts from uk.advfn.com Not sure if that helps at all. If not maybe the resident chartist (wan) or someone else can help May need to use another websites charts to get what you asked for
22/7/2020
17:58
wanobi: we shall see, but so far I have the AAZ share price completely wrong in terms of the price of gold,, I was so, so sure with current production and all the potential it would be around 250p by now,,, alas we seem range bound, blighted by who knows what,,,, but seemingly blighted right now!!! oh well, I'm a novice so I cannot possibly understand this situation,,,, but gold had gone from 1200 to 1868 since Dec 18 and what has AAZ share price done, gone from 90p to 129p,,,, that's 1.55x for Gold and 1.43x for AAZ,,,, so maybe I was expecting way too much,,, as 1.55x90p = 1.395p so we're not that far off track on a pure linear comparison,,,, if that even makes any sense to do LOL LOL LOL :-) LOL,,, oh what a game this is,,,, GLA Cheers Wan :-) free stock charts from uk.advfn.com
21/7/2020
14:14
riggerbeautz: Who lit PXC up, nice surprise. Can’t wait for Canada to open up with metals on a roll. Jeanesy why would AAZ would pick Conroy? There must be something that attracts our quality board but don’t stress the loose change, This is more about diversification with the prospect of upside, than anything that will put a rocket up the AAZ share price. Half expect it’s a message to Azerbaijan and the market of intent as much as anything; no big deal as such.
03/7/2020
10:29
gold finger 1: Anglo Asian Metals (LON:AAZ) Share price: 141.2p Market cap: £156m Forecast revenue: $106m / £86m Production ounces: 81,399 All-in sustaining cost: $591 (I hold) AAZ is a highly cash-generative gold miner with four mines in Azerbaijan. Here are the bull points: A low all-in sustaining cost makes for high levels of cash generation, This cash generation has allowed AAZ to build a strong, debt-free balance sheet, It is piling up cash and paying strong dividends, It is well placed for acquisitions or new discoveries at existing sites, and It appears to be cheap according to cash flow, earnings, and dividend metrics As a relative gold novice, I hold AAZ because of its obviously attractive mining economics, safe balance sheet, dividend payments, and cash generation potential. It’s a fairly straightforward pitch. The Ranks love it as well, classing it as a Super Stock based on its attractive spread of Quality, Value and Momentum: BNhhqVXqsnUgihtygSn-8XptZhHNdwE89b-O_frYJL2-HKXV2SjO7hOeRwVAeIOBDKHM-Nu_7LdGS4KS6TW93aaZllXNRFXxg0_SRkhvXzeslP27DPMoolNBvkBcDJcqdjRWQl_6 What AAZ needs is to prove more resources. The group is dutifully doing so and the body language is positive, but I will believe it once I see confirmation. Until then, possible disappointment on this front remains a risk. Exploration opportunities at AAZ’s sites are ongoing and the signals are positive. The group’s recent updates suggest upgrades in the near future. On top of that, AAZ has five “fast-track221; production targets at Gedabek and the Ordubad Contract Area. There is always a risk these do not materialise, but the work sounds promising so far. Regardless of what happens here, if gold prices hold steady, at its current valuation AAZ could rack up cumulative free cash flow in excess of its market cap in under a decade. AISC, cash generation, and financial health The group’s open pit mining sites place it firmly in the lowest-cost quartile, with an all-in sustaining cost of just $591, making for a highly cash generative miner. See the free cash flow yields below. AAZ 2014 2015 2016 2017 2018 2019 Operating cash flow per share 13.3 20.5 26.3 26.3 41.3 25.9 Capex per share 15.1 13.1 9.83 9.24 16 8.04 Free cash flow per share -1.8 7.4 16.47 17.06 25.3 17.86 Share price 137 137 137 137 137 137 Free cash flow yield -1.31% 5.40% 12.02% 12.45% 18.47% 13.04% This has enabled AAZ to power its balance sheet from a net debt position of $52.4m in 2014 to a net cash position of $21.2m at end-December 2019. This will likely continue to grow even after dividend payments and capital expenditures over the next few years. m36E2-J6DKQtQnJ--KBfpk80DVsHoY5m67eZ0WYAuS1-UP3k0KYRW10h1nK4zsubcQLiSHmv6sdPniAWlbuOj8SNA0N9WcPXEHiCnyyuRXngHlhtZvLz1z082qqeFP6Oi1UEERid Trading and outlook AAZ has quoted a combined mine life to at least 2024 - a bit close for comfort. The miner has already identified mineable extensions to existing sites though. This is how management sees that timetable over the next few years: Oe4zf3bx_CU_g4rMq8dZw5-Uh9l8RQHKuxISwd_AAhwj2HZyJqwzcbNCJVZFIb0pcPK3Lpnqbro9BGn9Nxb5L4bw-z6Xjb8CUx6R7foHuO-su1X__sJWTivTLrw5I4UzrKAp94tG It sounds like the Gedabek and Ordubad Contract Areas have bigger “system” potential as well, although the scale of this has yet to be confirmed. In addition, there are five fast track exploration targets: Avshancli 1 and Avshancli 3 (Gedabek Contract Area); Gilar – (Gedabek Contract Area); Zefer Cell 9 – (Gedabek); and Ugur Deeps – (Ugur open pit mine). This fast-track plan sees Avshancli 1 and 3 potentially coming onstream in the second half of 2022 with the last one, Zefer, potentially onstream by the beginning of 2025. EJ8lfFEo1dAECwjUfkiNAiDupAyha_PBgeraD0j4hFHG4xA8aP8GWXV4QUopVOzeRKHERzjzIoK7Yzd5JHUCxct2bV0F155zt-Q377mmwBRh7eio8w6MkXt-F_fbOn3mebJ12Xzq Red flags AAZ operates under a Production Sharing Agreement (PSA) with the government of Azerbaijan, which it periodically has to renegotiate. Similar contracts have been used in the development of Azerbaijan’s oil sector in cooperation with oil majors, such as BP. Anglo Asian finances the operations and the government receives cash payments after certain expenses. AAZ is entitled to a maximum of 75% of sales proceeds. Thereafter, the remaining proceeds are allocated 51% to MENR and 49% to Anglo Asian. I think regulatory risk is a concern. In the 2020 CEO Letter to Shareholders, it says: ...in August 2019 that the Government of Azerbaijan had announced it had appointed advisors with regard to a possible transaction with Anglo Asian Mining. There have been no significant subsequent events requiring further announcements by us. Nevertheless, I can assure shareholders that it is the Company's understanding that the Government of Azerbaijan has no intention to nationalise, purchase or otherwise take control of Anglo Asian Mining or its assets in Azerbaijan. Everything I’ve read in trading updates and financial statements indicates AAZ has a strong relationship with the government, at least. Beyond that there’s not much I can add to the matter besides flagging it up for others to make a decision on. As you might expect of a small cap Azerbaijani gold miner, the group’s Major Shareholders is populated by individual investors and slightly lacking in classy institutional names. Is this a corporate governance risk or an opportunity for nimble retail investors? I’d argue it’s a bit of both. Some shareholder churn at some point could act as a nice tailwind if there is institutional interest out there - perhaps in the event of confirmed new reserves. But then of course, there is also the risk that new discoveries fail to materialise - in which case AAZ will be compelled to seek acquisitions. A final point: AAZ qualifies for not one but two short screens: if7xlUKqA0k7tJN7Gn_YpvuK8SFQcGyN6W0QOmjsZWbLZwdkGoSnTqHoo2AXdJhwzkERq1hd990GNYroMX7phi20EkDb3BwBGjnbiNunHfKEH62XpxaqckFn4dIbi5MHw7uZ9A-7 The most notable point flagged here that I can see is that receivables are increasing in proportion to sales. This is a fair comment - you can see the increasing receivables on AAZ’s balance sheet. It’s a big jump: 1FMxmgaxQQS7SJzFAFhU7ovhpNYXZKDWJ7tcxtb-aYIcIC8bmDM09Y5Y63zkAKIVBqNsDRuBupDiH3v985uGSw8kNwO5IroT-l83mMprF-Oxll_0cWcADMZV22qqkNXc90htLQi4 The bulk of this (c$18.5m) is gold held due to the government of Azerbaijan. An offsetting balance has been recorded under Trade Payables. I’d hope this unwinds, but again, another example of the government’s presence. Conclusion and valuation To recap the dangers, I see: Regulatory risk, Scope for mine exploration disappointment, and A recent increase in receivables as a proportion of revenue … But I also think there is a reasonable margin of safety built into the share price at 7.4 times forecast earnings. An AISC of $591/oz puts the company in the lowest quartile of the gold mining industry’s cost curve. At its present rate of cash generation, I reckon AAZ will generate its current enterprise value in free cash flow over the next 10 years (although this assumes successful mine life extensions). What we know for sure is that AAZ has a strong balance sheet and highly cash generative operating characteristics. While we wait for announcements, the company has committed to pay out 25% of free cash flow to shareholders. Brokers aren’t making forecast dividend per share estimates right now, so this income potential might not be priced in. The FY19 dividend was 8c (around 5%) so it’s a useful amount. There’s compelling valuation and margin of safety here in my view - the only question is if there’s an even better deal out there somewhere.
27/6/2020
15:24
mattjos: mf, i really am not bothered about trying to overlay some other explanation for how the price of gold will behave. Everything you said in your post are events in history which had an impact on the emotions of the participants in the gold market. Fear & Greed are the two market extremes. Events happen which influence the emotions of participants. You are a prime example. you are frustrated that AAZ share price is not going up and so you are casting about for a reason as to why. You have currently seized on the spread as the reason why this is the case. Your frustrations (your emotional state) is causing your brain to seek out a reason to zero in on. I'll wager that as a consequence of your emotions and frustrations you have sold some AAZ over the last 6 months and tried to do something else with the money & that you are far from the only one to do so. Therefore there has been some selling going on and all these individual actions influence the price & the price is reflected in the chart. The chart enables you to dispassionately look at the entity in question and see what the emotional state of the participants is / has been / & is likely to be.
23/6/2020
07:52
wanobi: AAZ - that massive Cup & Handle bodes well now the FA has been clarified,,, although,,,, they still have to make all this happen, so it may still take some time as it seems the market wants to actually see it happen in regard to the AAZ share price,,, we shall see soon enough, GLA Cheers Wan :-) free stock charts from uk.advfn.com
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