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Investors in Anglo Asian Mining (AAZ) have experienced a 38% loss over the past three years, despite a recent 35% quarterly increase. The share price underperformed the market, with a 46% decline during this period. While EPS declined significantly, leading to a loss, share prices reflect investor sentiment and are difficult to align with earnings. The TSR aims to account for dividends and other capital events, offering a more comprehensive view of returns.

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