Member Info for the_shareminator

One could ask the same of why it rose so high in the first place. This company struggles to justify a £260 million market cap at today's price on all valuation metrics in the current market.

Going below 100p in the next few months

Tick-ety-BOOM! News leaked

Q4 and FY 2018 Production and Operations review

Full year production at upper range of guidance and net cash of $6.1 million at 31 December 2018

Anglo Asian Mining plc ("Anglo Asian" or the "Company"), the AIM listed gold, copper and silver producer focused in Azerbaijan, is pleased to provide a production, sales and operations review for its Gedabek gold, copper and silver mining and production contract area ("Gedabek") in western Azerbaijan for the three months to 31 December 2018 ("Q4 2018") and the year ended 31 December 2018 ("FY 2018").

Note that all references to "$" are to United States dollars.

Overview

· 83,736 gold equivalent ounces ("GEOs") produced during FY 2018 - at the upper range of the Company's forecast of 78,000 to 84,000 GEOs

· 17 per cent. year on year ("y-o-y") increase in total production for FY 2018 compared to the previous year (FY 2017: 71,461 GEOs)

· Maiden dividend of $0.03 per share paid in November 2018 - total distribution paid to shareholders of $3.4 million

· Net cash increased in Q4 2018 by $3.3 million to $6.1 million at 31 December 2018

· Helicopter site survey of entire 300 square kilometre Gedabek contract area complete and data now being analysed to define new drill targets and identify new mineable deposits - results expected in Q1 2019

· JORC resource of the existing Gadir underground mine being compiled with publication expected in Q1 2019

Anglo Asian CEO Reza Vaziri commented: "This has been another excellent quarter which has resulted in Anglo Asian achieving full year production at the upper limit of its guidance of 84,000 GEOs. In addition to increasing production from the previous year, Anglo Asian has also significantly strengthened its balance sheet and paid a maiden dividend, all of which has bolstered Anglo Asian's value and investment profile.

Looking in occasionally but as things stand this share doesn't fit my investment criteria.

The recent fundraising at 28p and subsequent fall to the current price shows there is little interest in the company today. Future placings will be required and they will be discounted.

About 33 million shares in issue today for a market cap of £8m is about right when you consider other explorers are struggling, even those with project financing agreed like KEFI (yet to receive funds)

Palladium ($1248) and Platinum ($823) have surged even higher today, great start to the new quarter

Palladium ($1248) and Platinum ($823) have surged even higher today, great start to the new quarter

Yes, Q2 results due end of the month will be excellent. PMs rallying, more so gold than platinum or palladium. ZAR weak right now.

Back to 150p+ ex div. Beautiful!

Just checked the presentation from Q317 and it does appear the projections have changed. They were initially going to front-end the investment during years 17 and 18 but it's been pushed back to this year and the next. Despite this they are still on budget for $12m over the 4 years.

http://www.sylvaniaplatinum.com/im/files/documents/Sylvania%20Corporate%20Presentation%20FY2017%20Q3%20YTD%2016%20May%2017.pdf

Thank you for confirming that, I really should have checked before posting. I thought we had already had 1 big year of expenditure, with 1 more to go then after that 2 years of very little expenditure but it looks like the timescales have been extended slightly due to delays.

In 2018 the company reported the first two project Echo modules were completed at a cost of ZAR 53.4 million ($3.7m). In the presentation it mentions ZAR 66 million ($4.5m) has been spent on Project Echo to date (inc 2017).

The good thing is the total projected expenditure is only expected to climb by another $3m this year. Considering the acquisition of Phoenix last year amounted to more than twice this sum ($6.3m) as well as $0.4m of shares bought back from small, non-UK shareholders, the basket price being near record highs and our growing cash pile earning a decent amount of interest (perhaps as much as $0.8m in the coming year) I agree the company are in a favourable position to expand their portfolio.

90,000 ounces coming in 2020/21 as it stands right now.

Share price at just 16.25p and a market cap of £47m.

IT services and recruitment company Parity is probably the biggest disappointment of the five recommendations. Diurnal always had a high level of risk, so a volatile share price had to be expected. Parity, though, appeared to have good recovery/growth potential and an impressive ability to generate cash.

Parity even won a large contract earlier this year, but contract delays have hampered the progress of the consultancy business. This led to the 2018 pre-tax profit forecast being more than halved to £850,000. That represents breakeven in the second half. Net debt is expected to fall from £1.6 million to £1.2 million.

On the bright side, the non-core activities have finally been sold, albeit for below their net asset value.

The 2019 profit forecast was also cut by around one-quarter to £1.65 million. That would mean that the shares are trading on less than six times prospective 2019 earnings. It appears that a dividend is still some way off.

The strategy remains the same with higher margin consultancy business becoming increasingly important over the medium-term. Non-executive director David Firth has doubled his stake since the profit warning to 200,000 shares. Investor confidence will need to be rebuilt, but the shares appear cheap.

https://www.ii.co.uk/analysis-commentary/aim-tips-2018-game-two-halves-ii507387

Happy New Year fellow holders!

Agree with Visitors assessment. Also I think CAPEX is forecast to drop off considerably after this year, might be wrong. In any case the company are in a good position to increase dividends at a steady pace every 6 months.

Returning to the downtrend...

Disposal of Helam Mining (Pty) Ltd and Related Party Transaction

The company basically gave Helam Mining away to a former director and his company. Yes they will save $1.7m on costs going forward. You have to wonder if that move was for the benefit of shareholders. It might well have been brought back into production in the near future had the company waited. Diamond prices continue to rise.

"1. Jim Davidson, former technical director of Petra who retired from the Company on 30 June 2018, was approached by the existing owners of Lindleys Mining to be a co-shareholder in this venture given his extensive experience with Helam and to maximise their chances of success. Jim has agreed to subscribe to 49% of the shares in Lindleys Mining."

Palladium up 2.3% today, $1208 the new high!

US rate decision later, apparently the one today will happen but the three next year will be reduced down to two.

Commodities performing well today!

1 more month until the Q4 update. The share price normally rises in the lead up to this date and if the company's bullish outlook is anything to go by I'm hoping to see 45-50p shortly.

The same thing happened last year despite adverse weather conditions in the final quarter preventing "most of the gold produced in December being sent to the refinery"

The company have said they are confident of achieving upper end guidance of around 40,000 ounces

*discourage young learners rather

Nope, I am dumbing it down for you. All your talk of deramping, makes you sound ridiculously when you've not responded to the valid points. How old are you, 6?

I won't point out your spelling mistakes as I don't mean to encourage young learners.

I would think the odds of the share price rising in the next 2-3 months is very high. The past two years have shows September through to mid December to be relatively quiet and then as we welcome the new year the share price springs into life. With another dividend announcement coming in the spring and margins near record highs there's scope for a another decent rise. Project Echo whilst chewing up some of our profits is more manageable now than it's ever been and come 2020 and in 2021 the amount being directed towards this improvement falls away considerably.

You are coming across a right cretin.

HGM 151-152 prior to the Dividend announcement
HGM 139 today as I speak. More than an 8% drop.

CEY up about 5%
HUM up about 15%

HGM has fallen further than any other gold producers in the past week.

Noone really cares whether or not you hold gold bars.

To highlight that companies announcing special dividends or considered to be overly generous with their cash in this regard are not immune from market weakness. Case in point HGM fell some 8% in the days following the dividend news and have yet to go ex-dividend which clearly shows the market didn't like the news. Other gold stocks have traded better in the past week which suggests it was the dividend announcement behind the drop. There are sector ready examples and nearly all are struggling despite offering generous dividends but increasing the dividend isn't a sure way of increasing investor demand right now as HGM illustrates