Anglo Asian Mining (AAZ) has announced results for the 2018 calendar year and that it is “on track” to achieve a 82,000-86,000 gold equivalent ounces production target for 2019. The target compares to, a 17% increased from 2017, 83,736 ounces for 2018 (forecast was 78,000-84,000 ounces) – which, with gold bullion sales completed at an average of $1,265 per ounce and an all-in sustaining cost of gold production further decreasing in the lowest quartile to $541 per ounce, led to a pre-tax profit of $25.2 million on revenue of $90.4 million...
Even after $3.4 million of dividends paid, there was a more than $24 million swing to a $6.1 million net cash position and Chairman Khosrow Zamani noted, “in accordance with the company's target of distributing approximately 25 per cent of free cash flow to shareholders each year, I am delighted to announce a final dividend for the year ended 31 December 2018 of an additional US 4 cents per share. This makes a total dividend for 2018 of US 7 cents per share”. Currently US 4 cents per share equates to $4.6 million – with this dividend payable on 25th July, with an ex-dividend date of 27th June.
Anglo Asian notes “Gedabek produces gold at one of the lowest costs in the industry, and we are determined to maintain this position as we continue to extend its production life. The evaluation of the mineral resources and ore reserves of Gedabek's three mines in accordance with the JORC code is now also complete, which has extended the combined mine life until 2024” and “the company has over 1,000 square kilometers of land within its contract areas… has a comprehensive exploration programme underway… This programme is starting to yield results with the identification of several major targets at Gedabek and Gosha. We regard Ordubad as an untapped value opportunity and work there is now being ramped up. The company will also aggressively pursue any suitable opportunities outside Azerbaijan which it believes can be made commercially successful”.
The shares have responded higher to 98.5p, capitalising the company at approx. £113 million – this currently circa $145 million. There may well be more both macro and company specific-based upside but we noted on 63p offer price October 2018 recommendation, “target 85p+ (more if gold really zooms)” and concluded just last month “there’s certainly enough here to make us consider a return to a 95p+ share price not unrealistic”. With the shares now 96p to sell, we now change our stance to take profits & sell.
Filed under: Anglo Asian Mining, Rose Petroleum, Thomas Cook, WYG plc, Low & Bonar, Ryanair
RISK WARNING & DISCLAIMER - FiveFreeShareTips.com tips are provided by independent authors via a common carrier platform and do not represent the opinions of FiveFreeShareTips.com. FiveFreeShareTips.com does not accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at FiveFreeShareTips.com and via emails you receive from [email protected] are for your general information and use and are not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by the tipsters or FiveFreeShareTips.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Trading shares involves the risk of loss. The tipsters and FiveFreeShareTips.com shall not be liable for any losses or other damages incurred. The value of investments can go up or down and the past is not necessarily a guide of future performance.
Well actually it will be six. One every week day and one on Sunday, each landing with you at 11 AM sharp.
Unlike other services (which may always have a vested interest) we pride ourselves on our impartiality and cover all small caps including AIM. the Standard List, The Wider Main Market and NEX.
We cover small caps, penny shares, FTSE 350 stocks and blue chips. We look for red hot penny shares, Warren Buffett style value investments with yield and growth stocks. There is no technical analysis in our work just solid fundamental analysis from a team of experts with decades of stockmarket experience.
You will not agree with all we publish but if you are interested in small caps you cannot afford to ignore it either. Yo'll never be charged for the free share tips from Five Free Share Tips and given the star writers involved you know that they will move share prices.
There's no telephone number or postal address required and there is no charge, ever, for your Five Free Share Tips membership. Just free shares tips every day apart from Saturday And each day's share tip will not just be a few thoughts cobbled together but will be detailed analysis from experts.
Our experts do not just earn their living from writing. All own shares. If they own shares in a stock they cover they will declare it and will not sell until after advising a sell to our readers. And why not our tips are so good that why shouldn't our readers put their money where their mouth is?
Don't just take our word for it! Judge us on the calibre of our free share tips and join today to start receiving them from September 1 2017. If you don't like what you get delivered to your inbox unsubscribe and you will never hear from us again. So why not give it a go? Sign Up Now
We've put together a panel of top tipsters, including:
Tom Winnifrith, in his 27th year writing about shares, noted fraudbuster & dubbed "The maverick Tipster"
Chris Bailey, City whizz kid turned financial guru, rated as one of the top 50 commentators on shares on twitter, founder of Financial Orbit
Steve Moore, has worked with Tom Winnifrith for all bar 3 weeks of his working life - a noted commentator on value stocks
Malcolm Stacey, The Grandfather of Share Blogging, the founder of ShareCrazy & a best selling autthor of stockmarket books
Lucian Miers, the Bard of the Boleyn, one of the UK's best known short sellers
Gary Newman, writes about value investing on AIM, speciality is in share tips on oil and mining companies
Nigel Somerville, The Deputy Sheriff of AIM, an expert in forensic analysis a skill used to bust frauds but also to tip true value investments
The team from HotStockRockets, specialising in AIM and small cap shares which will fly on a three month view
Remember to book your place at the UK Investor Show 2018. The UK’s top investment show taking place on Saturday 21 April 2018 at the Queen Elizabeth II Conference Centre in Westminster, London. The show will feature a unique line-up of top speakers including Nigel Wray, tech queen Vin Murria, Dave Lenigas, Mark Slater, Tom Winnifrith, Adam Reynolds, Ed, Croft, Nick Leslau Luke Johnson and Dr Johnny Hon as well as 135 exhibiting small cap companies.
The hot share tips given here are of necessity, general. They cannot relate to the individual circumstances of investors. Anyone considering following the share tips contained here should seek independent advice from a Financial Conduct Authority authorised Stockbroker or Financial Adviser. We cannot be held liable if individuals suffer losses through following share tips contained on this site or emailed out as free share tips. The value of investments can go down as well as up. The past is not necessarily a guide to future performance. Investing in shares can lose you part or all of your capital although the potential returns are theoretically unlimited. The difference between the buy share price and the sell share price for smaller company shares (penny shares) can be significant. Profits from dealing in shares may be liable to tax - the level of tax and bases of relief from tax are subject to change. Changes in the rates of exchange may have an adverse effect on the value or price of an investment in sterling terms if it is denominated in a foreign currency. Some of the shares recommended on this site will be smaller company shares. By their nature such investments can be relatively illiquid and thus hard to trade. And that makes such investments more of a high risk than larger company shares (or 'small caps'/'penny shares'). FiveFreeShareTips.com & its sister site ShareProphets.com defines a smaller company share as any stock traded on AIM or NEX or which has a market capitalisation of less than £300 million.