Discover and read the best of Twitter Threads about #AAZ
Most recents (5)
@AAZMining is my biggest holding and I don't think everyone appreciates the opportunity it offers. Its unlike most miners as it produces metals rather than shares: gold and copper. Shares in issue were 112m in 2014, now 114m. Market cap £184m, SP 160p. Since 2018 #AAZ has paid
dividends of 19.5c, with 9c paid in 2020 and a special dividend expected to be declared very soon. They have no debt and at year end near $40m of cash. 2020 was a year when everything went wrong - pandemic followed by war - and they missed production targets as key staff
were conscripted, but they still produced 70k GEO. Before the war they were guiding 25k oz production in Q4 as they dug into better grades at their flagship mine. AAZ had rights over 3 mines in occupied territories that nobody had thought had any value. Suddenly
Well, its been a long wait at #AAZ but no matter how you look at it, the new mines, one of which produces 120k oz annually and has reserves of 8m oz must surely make the company worth at least 2.5 times what it was worth 6 months ago, when it was producing 80k oz
of course it will take time to get everything productive, but the RNS today shows a huge increase in resources and the prospect of a real acceleration at Ordubad, which is a huge, 45m oz resource that has been stuck in an enclave and hard to progress. Upshot is, current SP
of 155p is still incredibly cheap. I think £3 quite attainable in weeks, and I expect much higher by the end of the year. Plus you get a dividend of 9c last year (with a special still to come) to keep you entertained. My biggest holding, by some way. And I will add
2021 PF Thread:
Nice to have a positive start, up 2.91% weekly/YTD. 16 up, 9 down
⭐️ #BRWM #IPX #MRCH #QTX #RCH #SPSY
🐶 None >5%
Exited #III for a 64% gain to buy two shiny new things (positions still under construction). I also top sliced some #RCH
RNS #IPX #RCH 👇
Nice to have a positive start, up 2.91% weekly/YTD. 16 up, 9 down
⭐️ #BRWM #IPX #MRCH #QTX #RCH #SPSY
🐶 None >5%
Exited #III for a 64% gain to buy two shiny new things (positions still under construction). I also top sliced some #RCH
RNS #IPX #RCH 👇
#IPX First quarter AuM up by 20% to £24bn. The shares are highly rated but the tailwind of ESG and scalability of their funds puts them in a sweet spot.
#RCH An ahead of expectations TU. Great news but it's a crowded trade and I top sliced around 20% of my holding
#RCH An ahead of expectations TU. Great news but it's a crowded trade and I top sliced around 20% of my holding
A weak Friday leaves the PF down 1.1% weekly and +1.77% YTD. 8 up, 15 down, 2 unch
⭐️ EKF, FNX
🐶 BRWM, FDM, GAW, JIM, RCH
Exit: QTX
New: CEY, FNX, UPGS
RNS: QTX, GAMA, GAW, EKF, AAZ, POLR - comments 👇
⭐️ EKF, FNX
🐶 BRWM, FDM, GAW, JIM, RCH
Exit: QTX
New: CEY, FNX, UPGS
RNS: QTX, GAMA, GAW, EKF, AAZ, POLR - comments 👇
NAB filed supplementary ref against #AAZ in mega money laundering ref on 9/9 to delay indictment as schedules& S.9 of NABO was having no mention of M.L. Til yesterday noon, only FIA could investigate& proceed against M.L, thereby, NAB + A.C jurisdiction was barred = acquital. 1/4
12 hours prior to the next hearing (17/9/20) & framing of charges, Govt made draconian A.M.L law 2020 get passed, thereby, "does this court have jurisdiction to try the matter in the hand?" will not be an issue. Govt has directly influenced a matter subjudice & a fair trial. 2/4
Occurrence of transactions dates 2010-15 & investigation by NAB dates 2019-20. At that times, NAB was irrelevant to the extent of the money laundering. To try #AAZ, Gvt made parliament gave retrospective effect to a criminal law yesterday, which is a gross violation of Art12. 3/4
2020 weekly close thread for PFAS.
Down 0.17% over the first two trading sessions. 11 up, 9 down, 5 unch...
No movements greater than 5%
Divis #ULS #RECI
Exit: #RRE (too crowded, no edge)
Slice: #AAZ (to 20% weight)
Now 8% cash which I plan to deploy next week
Good w/e all
Down 0.17% over the first two trading sessions. 11 up, 9 down, 5 unch...
No movements greater than 5%
Divis #ULS #RECI
Exit: #RRE (too crowded, no edge)
Slice: #AAZ (to 20% weight)
Now 8% cash which I plan to deploy next week
Good w/e all
