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By Steve Moore | Friday 18 July 2014
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
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?
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