googledpeakoil25 Nov 2014 18:56
My thoughts are simply that AAZ have suffered from the POG slump (as others) along with the sustained selling of a substantial portion of Bashirov's stock 'apparently' (for reasons known to him only). Though of course he still holds a massive amount of stock.
The company are still intent on investment and I can't see the Azer Government being adverse to doing everything they can to help AAZ. They are too deeply involved to let it slide into oblivion.
A great post over on ADVFN by Mattjos summed it up for me. Perhaps a change of tact towards copper is in order by the company with less emphasis on the gold recovery rates.
The revised independent JORC rating seems favourable in terms of mineral recovery and mine life's etc... and of course AAZ have a decent history of paying down debt.
Despite all the perceived doom and gloom of a wallowing share price and the apathy that comes with it. For me at least this seems a good time to fill your boots if your balls are big enough.
However, many who know far more than me have sold out at massive losses and you have to take heed of their decisions. Personally I'm hanging on to my fistful and keep adding small amounts at these low prices where I can.
AAZ is fast becoming a forgotten stock, (which are the one's I like), and with only 111m shares in issue a bit of good news will see a marked improvement in the SP quite quickly. Remember this company have not diluted this stock to any extent since I've been in since 2009, rather raising money from the Azer bank directly or shape shifting their current dept to good effect
So summing up, I reckon AAZ is a speculative 'buy' though nothing is nailed on. If it was, trading stock would be easy, though it definitely isn't.
Anyhow... that's my thoughts.
GLA