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Anglo Asian Mining (AAZ): Small-cap gold miner ...
Anglo Asian Mining (AAZ): Small-cap gold miner ....
About this update from Anglo Asian Mining Plc
[{"type":"text","content":"\n \n\n\nHardman & Co Research\n\n\n\nHardman & Co Research: Anglo Asian Mining (AAZ): Small-cap gold miner with bigger-cap prospects09-Jun-2020 / 10:15 GMT/BST\n\n\nHardman & Co Research: Small-cap gold miner with bigger-cap prospects\n\nAAZ is a highly cash-generative gold miner from four mines in Azerbaijan, where it enjoys close ties to the government. We estimate current-year free cashflow and dividend yields of 19.3% and 6.8%, respectively. The estimated aggregate free cashflow of $248.5m in 2020-30 should comfortably exceed the current market cap. In 2020, we expect AAZ to announce resource upgrades for its Gedabek open pit, Gadir and (potentially) Ugur mines, with a maiden estimate for the Gedabek underground mine in 2021. Behind them come five fast-track production targets (including Avshancli - a \"significant mineral district\") at Gedabek and the Ordubad Contract Area (AAZ's primary asset at the 2005 listing).\n\nPlease click on the link below for the full report:\n\nhttps://www.hardmanandco.com/research/corporate-research/small-cap-gold-miner-with-bigger-cap-prospects/\n\nIf you are interested in meeting the company, you can register your interest by clicking on the above link\n\n\n To contact us:\n\n Hardman & Co35 New Broad StreetLondonEC2M 1NH\n\n www.hardmanandco.com\n\n Follow us on Twitter @HardmanandCo\n \n \n Contact:\n\n Paul Mylchreest+44 20 7194 7622\n \n \n \n\n [email protected] \n \n Hardman & Co Research can still be accessed for free after MiFID II. Please click here to read the statement.\n\nAbout Hardman & Co: For the past 25 years Hardman has been producing specialist research designed to improve investors' understanding of companies, sectors, industries and investment securities. Our analysts are highly experienced in their sectors, and have often been highly rated by professional investors for their knowledge. Our focus is to raise companies' profiles across the UK and abroad with outstanding research, investor engagement programmes and advisory services. Some of our notes have been commissioned by the company which is the subject of the note; this is clearly stated in the disclaimer where this is the case. \n\nHardman Research Ltd, trading as Hardman & Co, is an appointed representative of Capital Markets Strategy Ltd and is authorised and regulate...