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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

Well, I attended the virtual proactive presentation las night, both Bill Morgan and Stephen Westhead delivered the Anglo presentation which was recorded before Stephen has to get in the air.

The information and presentation again reiterated what a solid position they are in, debt fee, profitable and stacking up a very large cash plie, hence the increase in the dividend by 29%. They mentioned the impressive Q3 production figures they are seeing and were pressing on reiterating based on Q3 production and whats planned for Q4 their production target is 75,000-80,000 for the full year.

Conflict not affecting Anglo Asian Mining operations as per the RNS (Armenia have today says it is ready to work to a ceasefire, also reported that Azerbaijan have gained the Jabrayli-Fuzuli region, this might help them politically with claiming some gain before ceasefire)

Well, I attended the virtual proactive presentation las night, both Bill Morgan and Stephen Westhead delivered the Anglo presentation which was recorded before Stephen has to get in the air.

The information and presentation again reiterated what a solid position they are in, debt fee, profitable and stacking up a very large cash plie, hence the increase in the dividend by 29%. They mentioned the impressive Q3 production figures they are seeing and were pressing on reiterating based on Q3 production and whats planned for Q4 their production target is 75,000-80,000 for the full year. Conflict not affecting operations as per the RNS. New JORC due within the month. They did mention that the findings is going to highlight an extended mine life, this would be material news if/when confirmed.

Price of gold $1910, and increasing production is a good combination, goes Ex Div on Wednesday 2.8%. Three payments likely next year.

The presenter which accused me on a question to a previous presenter like an essay, did say Anglo would take the questions and respond. I have submitted the one below.

In the recent proactive interview, you mentioned a possible new concession linking the Gosha and Gedabek assets. Can you please explain further regarding when do you expect to hear if this is possible and how significant would this be for AAZ?

Is this the only additional concession you are looking at in Azerbaijan?

Will share if/when a response arrives.

Added more today.

Interview with Bill Morgan few days ago discussing H1.

In addition to announcing a 29% increase in the interim dividend and a possible additional special dividend due to cash generation what especially caught my attention was the negotiations with the Government to secure a new concession which would cover the 50 kilometres which is between the Gosha and Gedabek. This would be a substantial development if agreed and confirmed.

Hopefully this will be discussed further at the investors evening this Thursday.

Anglo Asian Mining's revenues rise on back of stronger gold price

https://www.youtube.com/watch?v=qRHwKJd5psw&feature=youtu.be

Anglo will be releasing it interim report this week, sure to cover the JV with Conroy on their outlook.

RNS due this week ??Anglo Asian Mining Interim report, should also include dividend declaration notice.

My write up below on adding Anglo Asian Mining to the portfolio in July. Q3 & Q4 figures and cash generation especially should boost the sp.

Anglo Asian Mining: a low cost and highly cash-generative gold miner?.

https://app.stockopedia.com/content/anglo-asian-mining-a-low-cost-and-highly-cash-generative-gold-miner-639163?order=createdAt&sort=desc&mode=threaded

We should get the all important JV news this week which will really get things moving here very quickly.
The potential target for the JV work programme here is substantial and in the millions of ounces, deeper drills 40 mile gold trend open in all directions, with high grade gold intersections inc

3.9m@ 9.2g/t Au from 50m
5m@ 6.1g/t Au from 50m
2m@14.2g/t Au from 50m

A comment by Paul Johnson a major holder with 6.43% of the company. (Paul and Michelle Johnson: 1,686,255 (6.43%)

“Of course we are waiting for the full JV to be announced however worth investors taking a close look at #CGNR - targeting 9m ounces at Clontibret/Clay Lake with 517,000 ounces gold already defined. Fosterville type mineralisation - am looking for the deeper drills!”