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AAZ Anglo Asian Mining Plc

64.50
4.50 (7.50%)
12 Apr 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
  4.50 7.50% 64.50 393,165 16:16:35
Bid Price Offer Price High Price Low Price Open Price
62.00 67.00 67.50 60.50 61.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec USD 84.72M USD 3.66M USD 0.0320 20.16 73.69M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:14:20 O 10,000 65.38 GBX

Anglo Asian Mining (AAZ) Latest News

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Date Time Title Posts
14/4/202411:09Wanobi & AAZ64,626
12/4/202415:46One of the largest developing gold properties in Eur or Asia59,933
08/3/202416:41Anglo Asian Mining Charts63
20/7/202212:37⚠️ WARNING ⚠️ 10
15/4/202213:57Anglo Asian Mining PLC - gold and copper in Azerbaijan23

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Posted at 14/4/2024 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 60p.
Anglo Asian Mining currently has 114,242,024 shares in issue. The market capitalisation of Anglo Asian Mining is £73,686,105.
Anglo Asian Mining has a price to earnings ratio (PE ratio) of 20.16.
This morning AAZ shares opened at 61.50p
Posted at 13/4/2024 14:08 by wanobi
thanx cmb :-) :-) right now I can think of nothing better than you being able to tell me I was worried about nothing in regard to AAZ as the share price rockets past 150p for starters LOL LOL :-) :-) we shall see :-) Cheers Wan :-)
Posted at 13/4/2024 11:17 by 2cmb
Good morning all.
Wan' all the worries about the TD could end up being just a storm in a tea cup.
The delay has proably been because of the various paperworks required by the Azari's. Then there was the holiday period in Azerbaijan. The burocrats taking their time etc etc.I am quite optimistic about the TD outcome being positive. :-)
Azerbaijan would be shooting themselves in the foot by causing problems for AAZ. Yes'for sure the local economy would be suffering too. AAZ provides employment for quite a number of local people. AAZ shares the profits with the Azari Government.
AAZ has already been given permission to start mining again. I have no fear about Azerbaijan taking over the mine.
I will be a buyer of AAZ shares after the TD news. Maybe the shareprice will fall at the first news as Matt has clarified that situation. I have funds ready to top up re the availability of shares to buy. It could be like looking for hens teeth !!
I am sure the mining has continued in the meantime. I am also sure they are ready to proceed with full production eagerly AIMHO ofcourse.
Enjoy the weekend and let's hope we get good news soon.
I have full faith in our BoD. I bet they have been busy knocking at all the relevant doors.
ATB.
Posted at 12/4/2024 18:03 by 2cmb
Wan' as I have said to you that I am in a similar boat as you regarding my portfolio with my investments in AAZ and have tried my best to look at the situation through all angles.
I still don't think the Azari's are after our mine. They would not have given permission for AAZ to start mining again if they were after the mine.
It is just how politicians can do things to suit both the locals and AAZ at the same time,hence my post above.
It would delay the mining process by quite a bit IMHO. I am just thinking what the solution would be that suits AAZ and the locals.
ATB.
Posted at 12/4/2024 17:48 by wanobi
good question cmb,, thanx... :-)

I think that would enable AAZ to find funding and send a positive message that AZERGOV & President are back onside, hence share price may well rise on that scenario :-)

fwiw

Cheers
Wan :-)
Posted at 12/4/2024 16:34 by wanobi
well done jeanesy, I'll most likely be 'rueing the day' come Monday and kicking myself for not reducing my holding,,, but,, at least I have resisted deploying my 24/25 ISA money into AAZ,, so far,,, so I have that to invest on the share price crash,,, but, I really should have done what you have done :-) LOL doh!!! Cheers Wan :-)
Posted at 03/4/2024 09:25 by 2sporrans
pt

You say:
"...why didn't you sell in the period May 21 until now, when it became apparent they weren't going to reverse the production fall."

Here's the thing.
This predictable production fall trope is at best simplistic.

Sure, of course AAZ needed to find either new extensions to the Gedabek main open pit or new mine[s], preferably close to the existing plant.
Otherwise, production from the mature open pit was inevitably going to fall with grades decline as the pit had its final remodelling in 2018 and would head gradually to exhaustion from then.

Prior to May 21, they had modest success with the Gadir extension; at least they did develop underground mining credentials there.
Ugur was a little gem....while it lasted.
This was a period of highly profitable production; one of efficient, steady state production, not of expansion.

AAZ took overly long to discover a good successor to Ugur.
Gedabek underground extension failed to meet expectations; at best a further Gadir [which it merged into].
Avshancli was much trumpeted but turned out a dud.

Eventually, a significant new mine - Zafer - bang next to plant was discovered.
Basically a copper-zinc resource with a bit of gold.
Good enough to arrest the production decline - once it got going - but no more than that.

Hence, by Autumn of 2022, a nadir was reached.
Several qtrs of successive production decline and only a modest revival on the cards.
The share price sank to 60p - November 2022 from memory.

That marked a bottom.
sp doubled over next several months.
Why?
Gilar; that is why.

Basically, it became clear - to those paying attention - that gilar was going to be a game changer:
1. providing sufficient high grade gold/copper/zinc to get production and margins boosted to new net cashflow highs, from modestly enhanced plant.
2. this would provide a bridge to future expansion at Xarxar, Garadagh; plus there is the Demirli mine plant, potentially a game changer in itself.

Hence in JUNE 2023 AAZ released their new, long term production growth strategy presentation:



So, contrary to what you say, in June 2023, the prospect was one of production and profits growth, not of decline.

What went wrong?

The TD fiasco of course.
And moreso the Aliyev invective of 11July23; this exposed a level of investment risk that many - myself included - had hitherto not seen.

did you [or anyone] predict these?
I think not.

You also say:
"I seriously don't understand why anyone considers this a good investment until the news on the TD comes out, and they can produce again or not."

Well, i think this is a fair and sensible take.

For sake of keeping this post tolerably short, i'll leave off here.
Posted at 03/4/2024 07:32 by 2cmb
Good morning all.
Wan'have patience. As Warren Buffet says when others are fearful etc etc.
If AAZ shareprice falls further after the results, I plan to go all in. The mining may get delayed but in the end AAZ will have the TD permission AIMHO ofcourse.
Add the value of Demirli mine and what share price AAZ in a couple of years then ?
This kind of opportunity doess not come every day.

JB' thank you for input and fully agreed.
NAI.
ATB and GLA.
Posted at 02/4/2024 18:13 by wanobi
last word (from me) in regard to AAZ (for today),,,, with copper, gold & silver on the up and many seeing them ticking higher in due course,, I would think,, AAZ's share price will rise fast (with low buying volume) on positive TD news,,,,, as any permission granted by AZERGOV will remove my biggest fear and indicate that AZER Pres is onside with AAZ management :-) :-) :-) upon which (or maybe sooner if the share price capitulates) I shall be looking to spend next years ISA money on AAZ,,, hopefully, along with many others :-) :-) GLA Cheers Wan :-)
Posted at 20/3/2024 12:59 by 2sporrans
Thanks for your considered reply jb

It is very noteworthy that Azergold are having to undergo a much more stringent and lengthy process to achieve approvals, not least in eliciting sufficient public 'buy-in'.
This seems to be a pretty ubiquitous development over most of the world; Governments are raising the 'ESG' bar.
Even autocracies will consider the future impact [risk] upon their exports should they not follow suite......
Azerbaijan is, many would argue, pretty much an autocracy; so a case in point.

It could well pan out that this development may exacerbate what may already be a fomenting global supply deficit, notably in copper, maybe zinc too [from an AAZ perspective].
Then, it may follow that, as Xarxar then Garadagh hit their approvals process and [hopefully] get producing the former will be fast tracked and the latter bask in the ambience of record high prices and fat margins.
Well, it's a plausible, if optimistic, scenario.

You are surely right about Azergov's overriding concern to keep a lid upon public unrest.
That came across to me, loud and clear, in Aliyev's invective of 11th July; not least in his staunch support for the police and denigration of 'stonethrowers'.
Who else did he bestow such approval upon?
Guess he did hold up Azergold as a [deemed] paragon of good practice.
Huh!
On top of the hurt the AAZ production impasse is inflicting upon local employees, businesses and indeed the local populace in general, the loss to Azergov of $10's millions in forfeit metal sales tax revenues is an acceptable price to pay for ongoing stability; at least it looks this way.

"wait for the howls from those interested entities once we get access to Demirli."
Indeed.
Very well done in encouraging AAZ to take pre-emptive measures.

For years now, i've harboured a concern that having the Demirli cake might not result in AAZ eating it; at least not all of it and much banging of cutlery upon the table by investors awaiting their slices.
I guess - though very non-PC to say it - that the exodus of the Armenian populace from Karabakh and the implicit formation of a new, Azeri workforce, has at least greatly smoothed the path towards operating with a tolerably happy and cooperative local employees, suppliers and folk generally.
I'm confident that Aliyev/Azergov will accommodate AAZ within a win-win construct, should he/they continue to see their interests as well aligned.
Posted at 19/3/2024 10:01 by wanobi
I think it difficult to put a date on something out of AAZ's control jeanesy; especially, when it's coming from a government or presidential decree... hope you're right, but, in my humble opinion, it could well take longer,,, how much longer, who knows,,,, as I said before, where there's a will, there's a way... we have to hope there is indeed a will from AZERGOV/Pres in favour of AAZ....

once/if that will is demonstrated/communicated to the market,, there's no doubt in my mind that the share price will rise,,, provided no onerous conditions are placed up the TD developments and we still have cash to stay solvent.............

hence, I continue to hold in blind faith :-) :-)

Cheers
Wan :-)
Anglo Asian Mining share price data is direct from the London Stock Exchange

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