We would love to hear your thoughts about our site and services, please take our survey here.
Post period:
· 10,000m reverse circulation ("RC") drill programme underway at the Diba gold project in western Mali to test resource expansion potential as well as five further priority prospects
· Updated Preliminary Economic Assessment published for Diba project, with 32% increase in after-tax NPV to US$107 million based on 10% discount rate and US$1,500/oz gold price (note that mineral resources that are not mineral reserves do not have demonstrated economic viability) - see news release "Updated PEA Delivers US$107 Million (After-Tax) NPV for Diba Gold Project, Western Mali" dated 18 November 2020
· Excellent results received from metallurgical test work on oxide and sulphide samples at Diba gold project in western Mali, which test the amenability of ores to carbon-in-leach ("CIL") and heap leach processing
· Commencement of 3,800m phase-1 drilling programme at Lakanfla gold project in western Mali under JV with Marvel Gold
· Commencement of 5,000m trenching programme across several key prospects at the Company's 100% owned Laboum gold project in northern Cameroon
https://www.londonstockexchange.com/news-article/ALS/quarterly-results-financial-statements/14771286
Quarterly Report and Financial Statements
https://www.londonstockexchange.com/news-article/ALS/quarterly-results-financial-statements/14771286
Opened a position here, huge potential and way off the radar. Drill results soon. Excellent NPV RNS.
Worth a read, New CEO interview.
Altus Strategies, capturing the sweet spot of the mining sector for investors
https://www.sharebuyers.co.uk/shares/altus-strategies-shares-capturing-mining-sweet-spot-for-investors/
Miners in general took a hit yesterday, as the stimulus flows in 2021 so will the price of gold.
Anglo Asian Mining has one of the lowest all in costs base on the exchange, at the current price makes after all costs around $1,100 per oz and plenty of upside in terms of potential resource and production upgrade into the future.
Sounds like 2021 will be a busy one for Anglo.
Fantastic update today to complete Schlumberger transaction early next week and to take possession of 29,000 bbls of crude oil inventory.
This transaction is transformational and with the gas pipeline soon, this company is undervalued at £20m.
Exciting times ahead
Good indication as to the commitment of Anglo Asian Mining with them yesterday becoming a shareholder in Conroy Gold with its first tranche 325,000 or around 1% of the company.
All important Anglo Asian JV RNS most certainly close now.
New Block Energy #BLOE CEO Q&A article just completed, will be on view via @TMSreach in due course.
Following the positive RNS released by #BLOE I will be completing a CEO Q&A article later today, keep your eyes peeled on Total Market Solutions.
Hopefully it will make for a very interesting read, covering the Schulmberger acquisition, gas, oil, Georgia market.
Great news here, should now see the AAZ share price now recover.
Contacted Block Energy and they are well up for a Q&A article, I have tabled questions which I feel will make for a very interesting read, the Block team very busy this week, hopefully get a CEO Q&A article out next week.
The strength of the gold price is set to continue for the remainder of 2020 and 2021 at least in my opinion. With the economic uncertainty and expectations of more fiscal stimulus being needed both in the US and Europe.
The US week end statement seems a step in the right direction on Nagorno-Karabakh land which is recognised by international law as a part of Azerbaijan.
Anglo Asian Mining will re-rate at some point towards the broker target of £2, plenty of potentials catalysts also to see this increase, but lets get there first based on current numbers.
With the probable special dividend Q1, this looks like being a 10% dividend yield next year.
The company is in a very hot space now and the developments they are working on are potentially transformational. Things will start to fall into place soon, patience.
?Added 1m Block Energy on Friday, £10m mkt cap, significant company news due over the next few weeks which changes the story considerably, gas connection sales online which will make the company cash flow positive and the transformational Schlumberger acquisition completion.?
Thanks PhatStyle for sharing, well worth a read as they will have close contact with the company, some key news they have noted for the remaining days of October is the JORC with again a hint of extending the mine life, one to watch.
Three key takeaway paragraphs.
“Despite a pull back in GEO production this year, nearly a 25% rally in average gold prices is expected to drive annual revenues past the $100m mark which accounting for +50% EBITDA margins should translate into $57m in EBITDA (H1/19: $22m) and $33m in FCF”
“The latter together with the debt free balance sheet and ~$30m in cash as of H1/20 bodes well for sustainability of dividend payments as well as a potential for a special dividend in Q1/21 highlighted by the Board in Interim Results”
“As the Company at least matched its interim dividend, final dividend is likely to come in at 4.5c taking the total for the year to 9c/6% yield (at 110p price), one of the highest in the sector, with a potential special dividend to come on top of that”
https://www.uploadlibrary.com/SPAngel_JohnMeyer/AngloAsianMining_Earnings_Update_211020.pdf
Exciting times ahead here with some major sp catalysts to come India/FDA/WHO regulatory approvals which were submitted in June and will be very close, also very possible South Africa sales traction any day.
Would expect news from the Genedrive / Beckman Coulter collaboration this month on the high throughput covid testing development which is centring on the next level laboratory automation with labour cost reduction, positive news here will send Genedrive considerably higher than current sp imo,
As as always doyr.
release even!
They tend to relapse their quarterly update around the 15th, being a low cast high cash generating gold miner thigh high gold price makes a big difference.
Will also be of interesting to see info about the extra concession and Jorc.
In the previous proactive interview on H1 results Bill Morgan stated a bit of non public news that they are in discussion and negotiation with the President of Azerbaijan over a new concession linking the Gosha and Gedabek assets, this is 50km, this would be major news, with the infrastructure and low cost production.
Another pre RNS slip might have been made this time by Stephen Westhead, with regards to the due JORC and mine production years, one to watch out for.
Should get the Q3 update soon, gold price strength in play.
The company reiterated at proactive what a solid position they are in, debt fee, profitable and stacking up a very large cash pile, hence the increase in the dividend by 29% and planning a Q1 special dividend.
Looks likely 3 dividends next year which would be around 10% return, not bad when seeing many FTSE cut or pull dividends.
Again at the presentation they mentioned the impressive Q3 production figures they are seeing now and had set up the two egress points for the deeper grade mining which I would imagine is now happening.
Reiterated based on Q3 production and whats planned for Q4 their production target is 75,000-80,000 for the full year.
Here is a 20 minute video of the presentation last night by the Directors.
https://www.proactiveinvestors.co.uk/companies/news/930570/anglo-asian-mining-present-at-the-proactive-one2one-virtual-forum-930570.html