Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
Existing holders - Don't forget you can use the Bed'n'ISA facility to switch some of your holdings into this years' ISA Allowance and therefore protect then from any possible future Capital Gains Taxes & also any taxes that may arise from future dividends.
Indeed ..... quite a rare event actually, witnessing a junior productive gold miner achieve debt-free status & then seeing just how quickly the cash pile builds once the debt-chains are cast off - particularly at a time of new record all time highs in the price of gold.
Yes, new AT Weekly Closing High for Gold in US$ but despite that notable event, the gold mining sector remains hugely depressed and ignored by most investors eg. Newmont is at 52-week lows & price last seen in 2019.
Much the same for GDXJ .. the new Crypto ETF's seem to be sucking up a lot of retail monies just now.
This will inevitably swing about over the course of this year as Gold breaks $2,100 & moves on towards it's Cup & Handle target nearer $2,600 ... let's hope we can keep creeping up, unnoticed, and be well past 5p by the time the herd finally arrives.
Yes lee, still holding my AAZ shares.
I certainly think patience will be rewarded here, particularly after we achieve debt-free status. It's been a stunning operational & financial turnaround under Darren Bowden & he clearly has the talent and ambition and majority equity-holder backing to grow the business from hereon.
Have been a steady regular buyer, in small daily size, every down/flat day for last few weeks. Looks a classic recovery play with strong fundamentals and a cracking dividend. More than happy if this plods away at circa 1-2% each week as it seeks to close the discount to NAV and receive the divi whilst waiting
Link to today's Investor Meet Presenation by Reza Vazeri & Steve Westhead:
https://www.investormeetcompany.com/investor/meeting/investor-presentation-296
New SP Angel Price target for AAZ of £2.10 here:
https://www.share-talk.com/sp-angel-morning-view-todays-market-view-thursday-30th-march-2023/
https://en.trend.az/business/3699791.html
Anglo Asian Mining eyes to boost gold output on Azerbaijan's new deposit
"BAKU, Azerbaijan, January 25. Anglo Asian Mining PLC (AIM) company expects more production of precious metals at the new Gilar deposit in Azerbaijan, Trend reports citing AIM.
According to the company, new drill results at the deposit confirm this expectation.
AIM stressed that continuous gold and copper mineralization is expected to be extended up to 68 meters compared to previous drilling.
Besides, according to the company, the new results encourage the construction of a tunnel at Gilar for exploration and production.
The company also stressed that it has already started updating its databases about each deposit and that the new data will allow a significant increase in the previous estimates on precious metals.
Previously, the company said that the Gilar deposit contains over 135,000 ounces of gold, 21,500 tons of copper, and 23,000 tons of zinc.
The main activity of Anglo Asian Mining in Azerbaijan is focused in Gadabay, and this year the "Zafar" deposit is planned to be commissioned in the Gadabay district. In addition, in the coming years, Anglo Asian Mining plans to put into operation such contract zones as "Garadagh", "Kharkhar" and "Damirli". On the liberated territories, the company has already started the exploration of the Vezhnali gold deposit in the Zangilan district.
Anglo Asian Mining mainly exports gold bars produced in Azerbaijan to Switzerland, and copper to Georgia, Uzbekistan, and Türkiye.
Thanks HH. I do hope AAZ investors on this forum have the patience to stick with the company & follow the developments coming this year. As exciting now as it was in early 2016 when they were heavily debt laden as a consequence of building the Flotation plant to process the copper-rich ores from Gedabek open pit.
Now we have the core Flotation plant (always designed and constructed to be a modular system that can be added to incrementally) & we're expanding that capacity and adding the new zinc circuit.
We may well need to addd additional processing and crushing capacity in 2024 to do justice to Gilar and Zafer but, that decision likely being deferred until we know what we have elsewhere. The company truly in a stronger position now than at any time in its history to date. Glad to have all LSE inverstors on board and hopefully some recent newer ones.
here I am gold5 :-)
I do read this thread time to time but, as you prtoably know I manage the AAZ thread on ADVFN.
What more could AAZ investors wish for?? I was in Gedabek on the day the ZTEM heli survey first took off and Gilar was one of the prospects identified. Yes, it's taken a long time but, wow! It was sure worth it.
I'll be very, very surprised if this is not trading over £3/share at some point in the next 18 months. My current price target from here is £3.50 / share but, always willing to reevaluate and raise my target according to metal prices and developments on the new concessions
Indeed Jettydog ... still a lot of traders in the stock trying to 'beat the MMs' at the moment but, tht is rarely successful for most who try over short timeframes & the MM's can easily drop the price a little on a few sells and then scare out of a few more with an even sharper drop, as recent trading has clearly demonstrated.
I am hopeful that Allenby will finally put their head over the parapet, after the FY results and for first time ever actually issue some coverage on the company. Now we have WISE as the Unicorn in the London market, there is a decent yardstick for comparison purposes.
Certainly agree with you as to the Interims .. one consequence of the MCO in Malayisa delaying the FY20 Results, is that 2021 Interims will now follow on quite rapidly thereafter - Last year the FY results were delayed for same reason and it was just 22 days afterwards that the Interims were published so, it may be very similar this year. That will be qute a chunk of data and commentary for the market to digest in a short space of time.
indeed Jettydog. Excellent post ... staggering how little research others seem to have done / do actually do.
1 x Revs an entirely common minimum valuation metric. On the low side for a profitable Fin Tech but, it'll do for starters.
Lets see if others can actually do maths :-)
Ah yes, thanks Jetty .. that had slipped my mind - so much going on here now.
Stock is very hard to come by once again this afternoon. Building up a nice base here at 30p, with most anything offered below that level getting snapped up almost instantly. Normally on a Friday afternoon before Bank Hols, most stocks go to sleep but, the brief dip under 30p here was taken in 5 minutes & with negligible follow on buying, it's back to 33p offered ... plenty of eyes watching MBO thnis afternoon, imo. Next week should see the next leg up
If you read the RNS carefully, the 8th April confirmaiton that MBO has completed the purchase of the other 50% in OneTransfer stated:
"Completion of the Acquisition follows on from M1 Malaysia receiving the requisite approvals from Bank Negara Malaysia ("BNM") (the central bank of Malaysia) and all conditions in connection with the Acquisition being satisfied. The effective date of completion of the Acquisition was 7 April 2021. "
Inthe 1st March RNS it said the acquisotpn was "conditinal upon the written approval of Bank Negara Malaysia being obtained within three months form date of agreement."
I therefore conclude the Central Bank has already approved the transaction else the deal would not have completed on 7th April
Plenty of times i could sell over 150k at a time this week as the price started breaking out over 18p.
Online prices are governed by MMs. There is only small free-float and MM's are not investors, they simply there to make a market in the flow of stock & unlikely to hold big position themselves.
This is a high growth company & MM's probably very unsure just now, as it re-rerates, what sort of value the market is going to ultimately give it as the news and performance metrics come out over the next 12-18 months.
We could really do with:
a) Some sort of coverage from Allenby Capital who have Zero coverage on the company so, i assume the company itself is not seeking a wider investor audience just now;
b) Another MM coming on to the order book to compete with SHOC who seem most dominant most recently ... Wins are just the retail flow providers.
I'm pretty sure there is more positive news to come & am not persuaded to try and trade short-term, other than to keep adding on any weakness.
Fascinating Non-Exec appoinment today & the lady in question seems highly qualified and competent .. She will value her time highly and most unlikely to straddle herself with dross.
Rarely post on LSE as I am ore often on the 'other forum' where i have set up a thread for Griffin but, i completely agree with your analysis Uncle Bean. My initial price target was circa £3 for 2022 when i was buying last summer but, I have now moved that up to £4.00 to £4.50 for 2022. Current market cap is less than 2.5% of the in-ground metal value & that is simply wrong. Thereare not going to any issues with regards Length of Mine for over 25 years & neither should there be any 'Execution Risk' applicable given managment's delivery to date at Caijiaying. It's almost as if the market is still struggling to comprehend the scale of in-ground metals. Berenberg's next note will surely have nearer £2.25 as the next near-term target price.