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Major-Tom, everything is more or less factored into a share price, but it is the unknown that surprises to the upside and results in re-ratings. I have an oil company JSE that I bought at 70p doing exactly the same thing with a strong BOD, a track record and a new credit facility.
If we have to be negative then its the interest rate that despite being high is not as high as say venture capitals are paying and we can always do a favourable equity raise if we get the share price up. Much depends on the cash costs of the projects I will looking at in detail. Large open-pit ideally, and copper.
Agree with Charlie Danger Mouse. Investing in a company with bo idea what their growth strategy can be a recipe for disaster.
Luckily you seem to have choosen a company with a real tangible growth strategy and the wherewithal to execute it.
I believe it is a good RNS, the company have had declining production for a few years but have a ridiculous number of opportunity within new territories they have been awarded by the government. The company has a great relationship with the government and started to identify the areas it feels have the most potential for them to produce from in the shortest amount of time. There is a further update due by the end of March that will put meat on the bones in terms of medium term growth but the GIlar mine in particular (where work is well underway) looks like a fast track opportunity to ramp up production, that and Zafar are close to the existing facilities. The funds will help enable the company to fast track these mines into production and will hopefully mean the existing cash pile (plus existing mines production) can mean the dividend is stable for this year and next. After that, the new mines will hopefully be supporting the dividend, repaying the new borrowings but also expanding into the several other concessions that the company has. This share has been one for the future for a while but that future is rapidly approaching and I wouldn't be surprised if we are starting to see a rerate that could go a lot further than where the share price is now.
How do you know if its a good RNS, if you have no idea what the money is for.
Good RNS. As I am new I have no idea what the money is for, but implying an aggressive growth strategy. So many prospects I am looking forward to holding for the long run.... but I welcome traders who at the end of the day provide the liquidity.
Strange old world the TA of stocks tornadotony.
You exit based on daily RSI and Stoichastic s whilst I take my first position based on weekly MACD. Guess there's data to support everyone's thinking depending on what we are looking for.
Anyway GL with your investment. I hope my first position goes well. If so I will be adding more over coming week(s)
Good luck Tornadotony.
I am happy to have taken on the baton on the pull back. Net profit, dividend and growth.
AAZ will sit nicely with CAML and GLEN.
Could be knocked out for good. I have done well on AAZ for several years. If so I wish everyone holding all the best. If not I get my positions refilled again.
At 103.3p yesterday. (Daily stochastics 100% and approached daily RSI overbought). Will re-enter in a few weeks time with an entirely new investment position. Adjusting ISA top ups with cash from trading accounts as CGT allowance is halving next month.
Pull back on tiny volume. I am not sure where they are taking it but the pull back was already looking overdone. We must be heading for an almighty recession for copper miners to be pulling back when a shortage of supply already exists.
$34M, It's all there in the supporting document, you just have to open it!
It is the gold and copper prices that remain as an unknown. Everything is on a pull back of late. I have kept cash back in case this happened and I actually took a little off the table this morning where I had a small profit. Will re-deploy when things settle down in a few days time.
Time to add a few which I have. This is the last negative piece of news I think.
Just give us the 2024 production target too, it's not that hard.
Also the new mine is "NPV positive" from their previous RNS. Well that's great. So what *is* the NPV? It's not that hard.
Unfortunately income is down 8% for the year and expenditure is a lot higher as the company invests for growth. A bit like Shanta gold in 2021/22. Probably will settle back a few pennies.
Have held AAZ for many years now, the company always seems to understate its achievements. Whilst I hold many different Goldies I must admit That AAZ is the most proactive company when moving forward on future developments as RNS today.
I like the holding in Libero ,the fact that AAZ pays a Divi, produces and sells GEO's and granted extra licences. So hope to see the SP gradually get back to the past highs of £1.75 and beyond. Good luck all investors here.
They appear to have prioritised the current new mine development for this year and then Zafar follows a construction timeline afterwards and is on line November 2024. The 2025 and 2026 output from Zafar is equivalent to 50% of Gedebek at its peak. The peak of copper output arrives at a time when the market demand will be huge. Pricing at $1650 equivalent gold per ounce looks attractive suggesting good cost control for AISC and profitable return. I suspect Gedebek will still be producing. It would be helpful to have a production profile for all the mines together to 2026.
shows just how fast and agile AAZ is. Well done lads.
Libero Copper shares have performed poorly over last few years........but I guess it could turn up one day although seem to be perpetual fund raises which we always subscribe for more........
https://www.youtube.com/watch?v=FgRuKkPAIHA
Background.
Mocoa Columbia 232,000 tonnes inferred Moly and 2M tonnes of inferred copper (world production of moly is 279,000 tonnes per year.
My tactic is now to hold for a confirmed bottom and buy more with a trend being a friend again. The upside here is when the company gives a projection for its annual production in GEOs. Hopefully it is is 10-15% higher than last year. Zafar could be on stream mid Q3. The production output for the next two years looks promising. AAZ to outperform the metal prices. Dividend looks secure. AAZ at 4.7% of my portfolio and further buys to uplift to 6.5% later.
Changed my mind here, she's really struggling with getting over the other side of that 50ma.
Sold out