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Total poppy****, look at Gulf Keystone just today, or many the large companies in the insurance sector or some of the largest mining companies on the planet. This board has either been infested by paid rampers like RMM was for example or there are great whiffs of delusion.
"Companies that splash out their spare cash on dividends to inflate the share price rather than investing it to improve the business generally don't last."
AAZ haven't done a single equity raise since listing and I can't see them starting now. Companies that splash out their spare cash on dividends to inflate the share price rather than investing it to improve the business generally don't last.
jointhedots.
A bigger dividend leads to a much higher share price.
Raising funds by issuing shares then becomes much much less diluting.
Is it better to to raise $50m by issuing shares at 140p or 80p.. No contest.
We are back to the days of higher inflation, yield is now all important and growth shares are yesterday's news.
Elementary stuff.
AAZ is keeping hold of our cash when distribution would lead to much more desirable non-lending funding options for new projects.
It has the worst performance and now showing some of the poorest BOD decisions within my holdings.
Just put you in my filter list. Nothing of value or interest in you posts.
Gavster-NBC - no, no, no lol
You can't have it that way, you where whinging about the dividend and not the absolute performance as an investment for you over a specific time - that is a totally different story about which I would not necessarily challenge your comment.
My point was simply that a larger dividend was a BAD IDEA.
I would also point out that your experience and mine for that matter does not necessarily have any bearing on the investment of others who chose a better entry point - AAZ could perform better than any of your other shares going forward (or not) you invest your money and take the outcome on the chin.
I really do wish you every success with all your investments including this one - lets agree to disagree
I have just bough CEY, and recently FRES low 700s, lost some money in POLY around 1200 to 1300, but sold way before the drop to 200s due to the invasion. I've also had a position in GAL for over a decade.
As to how a gold company should be, then a fine example is PAF, my largest holding.
AAZ has been pants, is pants, and recently there have been better returns in a Post Office Account. It's our cash and we should have more of it. If their plans are so good then finance can be obtained and their idea that the same dividend can provide good return when inflation is biting is hopeless to say the least.
All their plans might cause a spike up towards 120/130/140, and which point the herd may arrive, and when it does I'm out.
Gav
Centamin, Polymetal, HOC, Fresnillo, Shanta and the list goes on have all been hit. Shanta, Centamin, HOC and AAZ have a growth trajectory. I recall Fresnillo has a new mine to come on when they fix power lines to it.
Once the ratification comes through the AAZ stock should rerate higher as the company and everyone who works for AAZ has around 10 years more of job security.
Losing the plot someone here ??? No company on Aim as limitless money. They want to exploit another jorc resource their expenses- hence the sp fall is inevitable - see this at £1.50-£2 in 2023 - strong buy at 50p-60p which is where this is going. Dividends still paid - buy then and keep - it's a long runner and more Divis to be paid - Win Win!!
Jointhedots
Let's consider my comment about precious metal's time in the sunshine
Just before the pandemic, Gold was a relatively weak $1550.
The Return on an investment in AAZ since Jan 2020 has been 148p down to 85p with respect to the share price.
Add in the dividends (listed below)means a return of 13.95p
So the return here on an investment just before PM's time in the sun has been :
148p down to 98.95 (85+13.95) a grand return of -33.75%
THAT"S MINUS 33.75% !!!
You can look through my posts on other shares and can see my best returns have been over 100%, just today GLO gave back plus 33%.
AAZ on the other hand IS the worst performing share in my portfolio.
For a gold company mining gold and being cash rich during the best two years in history of the gold price, it has been nothing short of hopeless, and not all the blame can be down to the troubles.
The only conclusion I've come to by joining the dots today is to add you to my filter list.
$0.045 (3.2937p) 23-Sep-21View 23-Sep-21 AAZ
$0.035 (2.5354p) 20-May-21View 20-May-21 AAZ
$0.015 (1.0767p) 26-Jan-21View 26-Jan-21 AAZ
$0.045 (3.4651p) 23-Sep-20View 23-Sep-20 AAZ
$0.045 (3.5739p) 13-May-20View 13-May-20 AAZ
The end of year book value is higher by some margin on the current share price. The financial models for copper on 25% less than the current market price. They have silver at $22 and gold $1830 which has worked so far in 2022. The company has mined below reserve grade in Q1 as to preserve grade mined out during the year.
Lets assume that only 150,000 tonnes of copper at reserve grade is attributable to the company after Government equal share to mine out over 10 years at their model price of $7,000 a tonne. This gives $105M annual revenue attributable to the company for copper alone. Gold will exist in the copper produced and the company will still be generating 4 years of gold at 50,000 ounces when including Zafar. Lets assume that gold is spread over 10 years to remove peaks and troughs. The total revenue per year is $36M for gold and probably another $1M or so for silver. $142M revenue projection per annum mainly delivered from copper prices that are modelled 25% below the current price.
I would say the jam tomorrow is fairly significant. Sometimes if you want to see 60% plus returns, its worth waiting 3 years to get it especially when the dividend beats everything else on main street.
Is it really?
That makes yesterday today then?
As I have suggested this morning, it has been Jam yesterday, today and hopefully for out tomorrows with this company - of the dozen or so companies you have posted about recently how many pay the near 28% dividend at the run rate you suggested for AZZ should this morning or even the over 9.27% they actually are paying.
Lets me guess - None.
I'm off out mate, I've got appointments yesterday and tomorrow and I can't afford to miss them both.