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Only a matter of time for AAZ share price to respond, Gilar should be closer and JORC could land anytime
Copper prices up nearly 2% today, inching up day by day makes this company more valuable
Https://www.dailysabah.com/politics/diplomacy/azerbaijan-armenia-agree-on-basic-principles-of-peace-agreement
What amazing news and now means that Demirli is closer than ever
Remain really strong, India apparently being the new demand driver for Copper in the next super cycle to 2030.
AAZ massively aligned with this, buys at this price could reap huge benefits. 6 months time price could be easily £1.80 if things back on track
It was the RNS on 28th of September and highlighted very minor findings, the most recent RNS stated that all changes will have a minor impact.
Where is this micron report news mate?
Thanks
Now that the micron report came back clear this should be pushing 100p easily, copper and gold prices have surged
I am expecting very pleasant report from Gilar.
Totlally agree it is very cheap, JORC of gilar is due at anytime so lets see
80p + Before end of the month
Only a matter of time before this re rates and flys back over 100p
Inflation under control, and nice jump in gold and copper prices helping this along.
Looking back this was over 100p pre all of stoppage issues, now that it has been sorted that’s where it should be heading
Mmm...that may be a little too optimistic. It will need to rebuild the cash position and be able to start regular dividends again, whilst the political situation is still awkward in that part of the world. Long term hopefully yes!
Also just to add, 16 analysts have an expected 12 months price target of 208p
Agreed, AAZ is extremely cheap even at this price especially now everything has started back to normal, I believe if gilar JORC is good this will race to 100p very quickly
This normally trades well within the advertised spread, I do agree it will drift … unless further progress on Gilar arrives which should be the near term catalyst. If not that more news/time scales on the tailings dam should be too far away. If you’re a trader this is not the best time to get in but still incredibly cheap as a long term buy & hold with the company likely producing from multiple mines over the next 5 years.
Normally they say, becaureful of illiquid stock. The spread on this is huge, ur in the helm of market makers. Expecting this to drift to find stock imho
Https://eurasianet.org/armenia-says-outline-of-a-peace-deal-agreed-with-azerbaijan
There’s been some copper supply issues and the price is reacting
Shares in Anglo Asian Mining soared after the gold, copper and silver producer was given the green light to start digging for precious metals again in western Azerbaijan.
The decision came after the firm signed a protocol with the Azerbaijani government and agreed on an environmental action plan for its Gedabek gold mine that includes improving the handling and storage of chemicals.
Shares jumped 37 per cent, or 18.5p, to 68p but remain below the peak of 175.8p in January 2021.
https://www.thisismoney.co.uk/money/markets/article-12721163/MARKET-REPORT-Chinese-slowdown-fears-slam-brakes-oil-rally.html
Haha that was me - so sorry but glad you have had a great day - me too.
Its been a great recovery all
Thank you to whoever posted about AAZ on Shanta board!! I brought in at 44.6 based on rough chart guesstimate and I’m sat on a tidy 43% profit!!
Now having read up on the company, research on-going, I have decided not to sell and hold my low average price to build a bigger position.
Best of luck everyone!
For me there were some nasty moments when I considered the possibility that the government had taken a nationalistic turn following its military victories. However, the management displayed confidence even to the point of buying shares in the midst of the farrago and I trusted their judgement rather than sell up. Luckily!
Apparently, the problem stemmed from a concerted social media effort by the Armenian diaspora to discredited the company and this leaked into the local population who were then energised by local agit prop into a demo that then caused all the company's operations to stop.
Another example of the power of social media to influence people against their own self interest.