I am not sure that this is the correct place to discuss what happened with BZT, but I was an active poster at the time of BZT's 8p cash return. However, I do not remember you and I certainly do not recall any BB pressure on the board to pay a dividend. If I am wrong, please provide more detail.
Reza is well aware of the investor requests for a dividend. His natural instinct, as an entrepreneur & majority owner/chairman, is to go for growth. That is also aligned with investor desires.
When questioned on this, he has always said that it would be a matter for the Board to consider & not just his decision.
All the time he has $3.9m of his own cash loaned to the company, I do not believe we will see a dividend .. that would not sit comfortably for me, were I a member of the Board. From Reza's point of view, he is earning $3.9m * 7% = $273,000 per year interest on the loan so, rather like a divi for him just now.
However, I also believe that Bill Morgan would counsel that it does not it does not make financial sense to become completely free of debt as that would not be making the most of the terms of the PSA + a bit of leverage on the business model, during a bullish phase for precious metals, makes good financial sense.
I believe we will repay Reza his money this year & future expansion will be incremental in nature, funded partly by commercial debt and party by organic cash-flow but, nothing like as lumpy/risky as historically. Under those circumstances, I am confident the Board will vote through the maiden dividend ... two, near-term, successive quarters of Gold over $1,400/oz & Copper over $7,000/t will see very, very significant cash generation .. nice position to be in!!
As the board have been committed to the project for decades they would, I am sure, be delighted to see a dividend. I have also discussed with AAZ if it is possible to pay a dividend while paying off debt and the answer is yes.
We should be mindful though that Mr Vaziri has already supported investors by loaning his own money to the project.
So with regards to likelihood of a dividend, this is a board and a band of shareholders who well deserve to receive one, but equally the board will exercise great prudence.
For me - I see AAZ as a growth share, but certainly a dividend is always the purpose of the business for a shareholder...
ive emailed them asking that question
dont really expect a direct answer but if more people do then maybe they will take notice
dont under estimate small pi voter power
on the bzt forums they got together and got a 25p dividend payed when a one off retainer payment came into the coffers .none of the board had a single share at the time lol.
shareholders should get ready for profits coming and if there is no dividends forthcoming form a shareholders group to get it voted on maybe?
On Stocktube, Anglo Asian Mining Plc's (LON:AAZ) Bill Morgan and Steve Westhead spoke about the release of their latest operations report, which showed the miner produced 71,461 gold equivalent ounces during 2017.
so debt free maybe by end of this year 2018
so logically dividends next?
annoys me ,people like shuggle knocked this share scared people with their posts ignoring whats really been happening .
its got a market cap of £49million ......AMC for instance hasnt mined anything and its market cap is £46 million!!!
so this has to re-rate big style soon
I'm curious why you mentioned 40p yesterday, while still at 33p, when we haven't been at those dizzy heights for 5 years.
I'm not accusing you of anything, but do you have insight as to how this share is going to be manipulated? The late rise to 38p without real news is certainly baffling.
"Anglo Asian Mining (LSE:AAZ)We commented recently about the possibility of some frothy times ahead for some AIM shares, given the usually unforgiving marketplace has apparently entered a further growth cycle. In fact, we almost believe the ..."
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