SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Value Investing
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jurgis Bekepuris who wrote (44420)9/22/2011 11:57:53 PM
From: Spekulatius  Read Replies (1) of 78673
 
re AAZ.L - i don't shoot this one down. it probably would be worth a small position for me. Here is how I see it:

1) They operate a single gold mine in Aserbaidchan and are nicely profitable
2) Projected earnings are supposed to go down in 2012, I assume because they have to pay a 12% royalty on revenues after recouping their investment
3) decent cash flow from existing mine allows them to prospect for new concessions in a relative large area where they may have some exclusivity.

I'd say the homework would be to find out as much about the current management as possible, in particular if they are trustworthy. I am not sure how much background sleuthing you have done on this name but I would be interested in your notes or summary. I just looked at it a bit in my lunch time but I don't think I understand prospecting companies very well.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News