Safestyle UK – argues current “negative impact on short-term profitability” set to “deliver material benefit”… but is it?
It is always said that you let your winners run, but it has got to the stage with Anglo Asian Mining (AAZ) where I would be very tempted to take some money off the table and cash in if you followed my buy tip back in March...
I wasted a fair amount of time yesterday attempting to set myself up for my first ever forex speculation. This was to be short the Hong Kong dollar against the US dollar St (at 7.82), to which it has been pegged for 36 years in the 7.75 to 7.85 range. The reasoning, as espoused by US hedgie Kyle Bass on an excellent podcast, was that the peg is unsustainable and sooner rather than later will break to the downside meaning that the risk/reward is extremely compelling in that the downside is limited to the strong end of the peg (7.75) and the upside is huge when the peg breaks. Better still…
Anglo Asian Mining (AAZ) has announced results for the 2018 calendar year and that it is “on track” to achieve a 82,000-86,000 gold equivalent ounces production target for 2019…
Anglo Asian Mining (AAZ) has updated on first quarter of 2019 production and operations and that “the company continues to generate cash with our net cash balance increasing by $4.7 million despite a $3 million payment of corporate taxation in the quarter”…
Gold, silver and copper are all metals that I am bullish on at the moment, so Azerbaijani miner Anglo Asian Mining (AAZ) fits the bill perfectly in covering all three of those.
Anglo Asian Mining (AAZ) “is pleased to announce… the company will declare a minimum final dividend for the year ended 31 December 2018 of US$3 cents per share and a minimum total dividend for the year ending 31 December 2019 of US$6 cents per share” and that it “now publishes Mineral Resources and an Ore Reserve Estimate for its Gadir Underground mine”…
Updating on Anglo Asian Mining (AAZ) last month, we noted it ‘looking forward’ “to providing further updates on forecast 2019 production and expansion and exploration results in the coming weeks”. Last week, a “2019 Production Guidance” announcement…
A “Q4 and FY 2018 Production and Operations Review” from Anglo Asian Mining (AAZ), emphasising “full year production at upper range of guidance and net cash of $6.1 million at 31 December 2018”…
Shares in Anglo Asian Mining (AAZ) had recently risen materially, to approaching 75p. They then though slipped back – but recent news looked to have justified the earlier move and more and with gold now starting to motor thanks to stockmarket and bond market jitters...
Hello Share Swiggers. If the market hits the rocks, as so many writers on this website and other top analysts predict, then one way of avoiding some pain is to have invested in gold. The most practical way of doing that is to buy shares in gold mining firms.
Long-term AIM loser Anglo Asian Minng (AAZ) has 'delivered on its turnaround strategy this year to return to profitability,' declares chief executive officer and 29% shareholder Reza Vaziri.
John Meyer of SP Angel this morning comments on Anglo Asian Mining (AAZ), Amara Mining (AMA), Minera IRL (MIRL), Premier African Minerals (PREM), SolGold (SOLG) and Stellar Diamonds (STEL) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
After cutting interim losses 30% to $4.1 million (£2.7 million), AIM dog Anglo Asian Mining (AAZ) expects to return to profits thanks to a new $4.5 million flotation plant now being commissioned to hoist recoveries and copper output from the company’s flagship open-pit Gedabek gold and copper mine in the Caucasian republic of Azerbaijan. At 6.13p, shares in the company, which increased gold production from Gedabek 33% to 35,938 oz. in the six months to June with copper concentrate production 6% ahead to 689 dry metric tonnes, have fallen 92% since its 77p AIM float 10 years ago, but directors now insist Anglo Asian has begun a new chapter.
Featuring shares of Anglo Asian (AAZ), Arian Silver (AGQ), Copper Development (CDC), New World Oil (NEW), Orsu Metals (OSU), Paragon Entertainment (PEL), together with some share price targets.
AIM dog Anglo Asian Mining (AAZ) says it is on track to meet its target of lifting gold production from its Gedabek gold, copper and silver mine in the central Asian republic of Azerbaijan from 60,285 oz. in 2014 to between 70,000 and 75,000 oz. this year after achieving record output of 35,938 oz. in the first six months. The company, steered by chief executive officer and 29.9% shareholder Reza Vaziri, a former foreign office chief under the Shah of Iran, increased copper output at Gedabek 12.3 % in the first half year to 418 tonnes and plans to grow the copper side significantly with the installation of a new flotation plant, which it expects to be up and running by the end of September at a direct cost of $2.5 million (£1.6 million), plus $1 million or more of ancillary expenses.
Anglo Asian Mining (AAZ) is working to cut costs at its flagship Gedabek mine in the Caucasian republic of Azerbaijan after boosting gold production there 52% in the first quarter of this year to 17,193 oz., though silver output nearly halved to 1,950 oz. and copper production slipped 10% to 184 tonnes. Operated from the Azerbaijan capital of Baku and quoted on AIM, the company, whose heavily-reduced pre-tax profit of £840,000 for 2013 became a £6.9 million loss in the first half of last year, is expected to show a deficit for whole of 2014, but has targeted a significant production increase in gold this year from 2014’s 60,285 oz. to between 70,000 oz. and 75,000 oz.
Khosrow Zamani, chairman of unloved gold producer Anglo Asian Mining (AAZ) declares his board’s belief that ‘the second half year will be more robust than the first’. The AIM-quoted company’s long-suffering shareholders can only echo this hope after interim figures showing a previous pre-tax profit of $4.2 million turned into a $7.5 million (£4.65 million) loss on turnover 18 per cent ahead at $32.7 million.
Shares in Anglo Asian Mining (AAZ) currently trade 13.5% higher today at 15.75p on the back of an announcement of increased gold and copper production, reduced net debt and confidence, “with our cost saving initiatives such as reductions in cyanide costs and increased processing capacity at Gedabek that our H2 2014 performance will be much stronger”. With the shares having been above 25p earlier this year, is there further recovery potential here?
Shares in AIM-listed gold producer from Azerbaijan, Anglo Asian Mining (AAZ) have fallen approaching 17% on the back of a first quarter of 2014 production update which has seen the company’s gold production target for the year reduced from 80,000-90,000 ounces to 62,000-67,000 ounces. The following updates with the shares at a current 16.25p, capitalising the company at just above £18 million.
AIM-listed gold producer from the Gedabek mine in Azerbaijan, Anglo Asian Mining (AAZ) has announced fourth quarter of 2013 gold production of 14,329 ounces, down from 20,242 ounces in the prior quarter “due to unexpected weather conditions and processing issues”. It added that “this, in tandem with the lower gold price, in particular during the second half, will see the cash cost per ounce increase and profitability for 2013 significantly reduced from FY 2012”. The following reviews with the shares currently down by more than 14.5% at 20.5p.
It really has been a year to forget as far as Bulls of Anglo Asian Mining (AAZ) have been concerned. 2014 could be worse.
Over the years The Closet Chartist grew up attempting to decipher not only the golden prose of the Godfather of UK Technical Analysis – Zak Mir, but also the tricks of the trade he offered in a quite unique fashion.
Anglo Asian Mining (AAZ) is a gold and copper focused mining company operating an exploration and production portfolio in Azerbaijan. The company has had plenty of recent attention from the shareprophets team which makes tabling yet another piece on Anglo arguably superfluous but the shares are cheap.
At a current 29.5p, capitalising the company at £32.9 million, shares in gold producer from Azerbaijan, Anglo Asian Mining (AAZ) have yet to really recover from a May low of 25.125p – they having commenced the year at 45p having, in 2011, reached 80p. The gold market environment has clearly been unhelpful but there is still much positivity around this company.
Anglo Asian Mining (AAZ) shares are a buy at 30.5p. I see that I am not the only one of this view after today’s output figures. The normally sceptical analyst Roger Bade of Whitman Howard agrees with me. Scary.
Anglo Asian Mining (AAZ), the developer of Azerbaijan's first operating gold/copper mine (Gedabek), has announced that following the commissioning of its new agitation leaching plant in June it, in August, recorded its highest monthly gold production since the mine first poured gold in May 2009 as well as that 50 kilometres away, at Gosha, “significant progress has been made in the development of the mine”…
AIM listed gold producer in Azerbaijan, Anglo Asian Mining (AAZ) has announced second quarter gold production of 8,912 ounces and that it completed gold sales of 5,505 ounces (at an average of $1,438 per ounce) in the period...
AIM-listed, Azerbaijan-focused, mainly gold producer Anglo Asian Mining (AAZ) has announced that, following a successful trial shipment, it has signed a new sales contract with US-headquartered international minerals and metals marketing company Seagate for approximately 750 wet metric tonnes of copper concentrate over July and August. Will this kickstart a re-rating?
Last week I noted that, at 28.75p, shares in AIM-listed gold producer in Azerbaijan, Anglo Asian Mining (AAZ) looked a compelling investment but that, with sector sentiment dire, significant patience would likely be required.
Results today for the 2012 calendar year from AIM-listed gold producer in Azerbaijan, Anglo Asian Mining (AAZ) show a pre-tax profit of $28.55 million on revenue of $73.52 million – respectively 9.7% and 12.2% lower than in 2011 as less gold was produced and sold (42,557 ounces v. 49,304) and average cash operating costs were higher ($668 per ounce v. $448), only partially offset by a higher average gold price ($1,666 per ounce v. $1,573).
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