Dow Jones received a payment from EQS/DGAP to publish this press release.
Hardman & Co Research Hardman & Co Research: Anglo Asian Mining (AAZ): Prodigious cash generation and FCF yield 20-March-2019 / 12:50 GMT/BST *Hardman & Co Research: Prodigious cash generation and FCF yield* Anglo Asian Mining (AAZ) is a highly cash-generative miner of gold, silver and copper from three mines in Azerbaijan, where it has a track record of close cooperation with the government. The company listed on AIM in 2005 and produced its first gold in 2009. In 2018, it produced 83,376 of Gold Equivalent Ounces (GEOs), paid its first dividend and the balance sheet moved into a net cash position. At this stage, we have made the highly conservative assumption of no production beyond 2025. Nevertheless, our DCF valuation of 146p reflects AAZ's prodigious cash generation. Indeed, we estimate that the annual free cash yield during 2019-25 will average 18.7%. Please click here for the full report: https://www.hardmanandco.com/research/corporate-research/prodigious-cash-gener ation-and-fcf-yield/  +-------------------------+----------------+-------------------+ |*To contact us:* |*Contact:* | | | | |firstname.lastname@example.org| |Hardman & Co |Paul Mylchreest | | |35 New Broad Street | | | |London |+44 20 7194 7622| | |EC2M 1NH | | | |www.hardmanandco.com | | | |*Follow us on Twitter* | | | |@HardmanandCo | | | +-------------------------+----------------+-------------------+ *Hardman & Co Research can still be accessed for free after MiFID II. Please *click here  *to read the statement.* *About Hardman & Co:* For the past 21 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. Hardman Research Ltd, trading as Hardman & Co, is an appointed representative of Capital Markets Strategy Ltd and is authorised and regulated by the Financial Conduct Authority; our FCA registration number is 600843. Hardman Research Ltd is registered at Companies House with number 8256259. Our research is provided for the use of the professional investment community, market counterparties and sophisticated and high net worth investors as defined in the rules of the regulatory bodies. It is not intended to be made available to unsophisticated retail investors. Anyone who is unsure of their categorisation should consult their professional advisors. This research is neither an offer, nor a solicitation, to buy or sell any security. Please read the note for the full disclaimer. Dissemination of a CORPORATE NEWS, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. End of Announcement - EQS News Service 789781 20-March-2019 1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=4b54de93d1531c5c2fef981ced30f9c5&application_id=789781&site_id=vwd&application_name=news 2: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=5a632f52f80bd372265e4041a743aa1c&application_id=789781&site_id=vwd&application_name=news
(END) Dow Jones Newswires
March 20, 2019 08:50 ET (12:50 GMT)