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AAZ Anglo Asian Mining Plc

59.00
2.00 (3.51%)
28 Mar 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
  2.00 3.51% 59.00 171,210 16:35:25
Bid Price Offer Price High Price Low Price Open Price
54.00 59.00 57.00 56.50 57.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec USD 84.72M USD 3.66M USD 0.0320 17.66 64.55M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:25 UT 1,144 59.00 GBX

Anglo Asian Mining (AAZ) Latest News

Anglo Asian Mining (AAZ) Discussions and Chat

Anglo Asian Mining Forums and Chat

Date Time Title Posts
29/3/202402:37One of the largest developing gold properties in Eur or Asia59,839
28/3/202422:38Wanobi & AAZ64,239
08/3/202416:41Anglo Asian Mining Charts63
20/7/202211:37⚠️ WARNING ⚠️ 10
15/4/202212:57Anglo Asian Mining PLC - gold and copper in Azerbaijan23

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Anglo Asian Mining (AAZ) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-03-28 16:35:2559.001,144674.96UT
2024-03-28 16:06:5557.00800456.00O
2024-03-28 15:42:5454.253,5611,931.84O
2024-03-28 15:42:3057.309051.57O
2024-03-28 15:40:2859.0031.77O

Anglo Asian Mining (AAZ) Top Chat Posts

Top Posts
Posted at 27/3/2024 07:39 by wanobi
Hmm, that's very concerning Bumpa.... not good, not good at all !! Cheers Wan

Dr Clive Dix, CEO of C4X Discovery, said: "We have not taken this decision lightly, however, following an extensive review and deliberation to ascertain the most effective way to maximise Shareholder value in the longer term and increase the potential for the long-term success of the Company, the Board has unanimously concluded that it is in the best interests of the Company and our Shareholders to delist from AIM and re-register as a private limited company.

Despite delivering on our strategy including three major deals with leading pharmaceutical companies demonstrating our scientific expertise and deal making capabilities, the recent downturn in the financial markets has adversely impacted our share price, and with it, our future ability to raise funds in the public markets. The Board believes the current public market valuation does not reflect the underlying potential of our business or our achievements to date and that this is unlikely to change in the short-to-medium term. We believe that we can potentially access a larger quantum of future funding required to accelerate our strategy as a private company and therefore we believe that a cancellation of the Company's admission on AIM is in the best interest for Shareholders and for the future of our business as a whole."
Posted at 21/3/2024 09:20 by jbravo2
The stars are starting to align lef. I can "feel" it. Just like before.
It's been a pretty awful 9 months but when things change at AAZ, things change.
They're gonna change big and we're about to see another transformational period.

Share price at start of 2017 was c.30p. During 2020 it hit over £1.70
Our resources and production are going to dwarf that in the coming 3 years.
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 20/3/2024 09:19 by 2sporrans
jb

Thanks for posting on the dam raise application input by AAZ; this provides a lot of insight as to why the go-ahead to construct is taking a few/several months longer to achieve than anticipated by AAZ following their exoneration last autumn.

Each of these months is costing $millions in lost earnings; a very substantial loss is accruing.

I'm impressed by the trawl of information you are able to garner; none of it available on the 'public domain' that i am aware of.
You've provided such over many years that has, eventually, been corroborated by company news releases.
Guessing you have close contact with [senior?] company 'management' ?
Whatever, thanks.

Why doesn't AAZ release an RNS to inform investors, much as you have?
The advent of a Sustainability Committee doesn't cut it.
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 :-)
Posted at 13/3/2024 09:02 by wanobi
can't help myself, but, to comment :-) LOL :-)

the TD wall raise permission is now way, way more than simply a wall raise,,,

it's now seen as effectively a new license for AAZ to continue to operate in AZER.........

and therefore, it's no wonder the share price is falling and people's nerves are fraying !!!

BUT, once granted,,, blimey,, share price should climb very fast on very little buying pressure I would think,,, all based upon my vast experience at this game LOL LOL :-)

GLA LTH's

Cheers
Wan :-)

NO more AAZ comments from me today, I promise!!!
Posted at 05/3/2024 09:17 by wanobi
good luck AiE,, although, I can't help but feel AAZ will be into the 40's or even 30's very quickly,, and, on very little selling pressure/volume now,,, tis the nature of the beast, as we all know,,, it doesn't take much to move the share price around big time.... fingers crossed we get a positive TD outcome soon,,, GLA Cheers Wan :-)
Posted at 04/3/2024 11:35 by wanobi
indeed d18, I'll stick to my original thesis,,, that it'll most likely drift down between now and TD wall raise clarification/permission....

This is for the long termer's only now,,, as,,,, even with that, we have still yet to find and agree, with locals, AZERGOV & the President a suitable site for a new TD...

let alone build it!!!

In my humble opinion,,, this is now not for the faint hearted or anyone thinking the share price will be making any sort of sustained rise back to above 100p until both are sorted.... hope I am wrong,, I very often am :-) LOL :-)

it pains me to say it, but, that is the situation AAZ finds itself in now...

hmmm, hmmm, hmmm...

Cheers
Wan :-)
Posted at 02/3/2024 01:11 by bozzy_s
That was a spectacular reversal after 3pm. Hope it's AAZ specific, rather than gold driven. Given that AAZ hasn't moved up with gold before, I'm optimistic.

Had a bit of a thought re cashflow and management's responsibility to shareholders / maintaining a high share price...

In these tough months, with cash basically reduced to zero, would the management be willing to take some of their salaries in shares?

While they aren't the greediest of AIM directors, perhaps a pay cut or deferral would be sensible given the company is currently loss-making.

And taking salaries in shares at the current depressed price should be rewarding in the long term, if they remain committed to the projects. I don't care about Reza going over 30% - it's easy to get a waiver to avoid an automatic bid for the company.

What do others feel? Shares instead of cash for directors?
Posted at 29/2/2024 08:54 by wanobi
can I buy 1 share in AAZ please, sure Sir, that'll be 57p plus a £5 dealing cost,,, that ok!!!???

you'll be fine with that investment,,,

the share price will only have to rise from 57p to 1057p for you to sell out and breakeven,,,

a mere 19 bagger is all that's required LOL LOL :-) grrr!!!

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

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