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Name me a better proposition on AIM sub 2p in the mining sector?
In hindsight we should have sold out 5p to 6p and forgone the dividends and rebought in now, but we are where we are.
Give it time this will rise again to 5p or 6p again, just how long this takes is the question, but we have a lot of irons in the fire which could push it on to 8p to 10p.
Share is down because of 1 or 2 major sellers, plus the likelihood that the Starvest advisor is selling AAU shares to cover their costs!
Ariana will soon own 23,5 percent of two operating gold mines with a profit of around 11 M per annum. Then there is the high grade Slivova mine on the way and the (last JORC ed over three years ago) monster that is Salinbas and Ardala.
Lots going on but if you have lost your mojo you have lost your mojo.......
Strangerstill, I admire you're positivity and the research you do regarding AAU, but the bottom line is still that this has turned into a dog of a share, and unless they tell me they have found a motherload of gold at Salinbas, I for one will be out of this as soon as I can. The positive news and general good feeling has all but disappeared and looks like not coming back for a long long time. Even the footie banter has gone. My team are leaving the premier league without a wimper, perhaps its the same with AAU.
I have given the recent Kizilcukur drilling results a rough analysis and it looks good.
The results from the 25 holes where data is given shows that there are 47 intercepts with a weighted average grade of 2.7 g per tonne Au and 92 g per tonne Ag. The average intercept was 2.7 metres in length from a strike depth average of 32 metres. The actual depth of the srikes will be less as the drill holes were angled.
The combined length of Zeki, Ziya and Zafer appears to be about 800 metres so Kizilcukur could be a reasonable resource and keep the Kiziltepe plant running for at least a couple of additional years.
An interesting read,
https://think.ing.com/articles/global-car-market-outlook-hitting-speed-bumps/
'The main engine is still China, also the world’s largest market. With continued fiscal support,'
So there you go, EV vehicles require Government subsidies and looking globally which Governments are in a position to do that?
However copper is needed for the construction industry with increasing populations with their demand for more energy and copper piping for water there is still a good case for copper. It is just a slow burner right now.
With the London IPOs effectively dead isn't it time for Ariana to negotiate for the remaining equity in Venus minerals and do something with it? This soap opera will just go on for years, all that has been achieved so far is no doubt large expenditure on advisors and lawyers on the never ending IPO application.
Welcome to the fourth industrial revolution where you will own nothing and be happy, is the penny dropping yet?
So theres actually no point in holding this share then? It's just gonna sink and sink until maybe someone has sold all their shares but we don't know when or who?
Well exactly Stranger. The selling has been going on months/ years and would have crossed a declaration by now. The Starvest talk is a sideshow, I agree it probably wont help but its not the explanation. You could equally say that Starvest investors, who compared to their holdings in Greatland have few Ariana winging their way, may choose to top up their holdings with some buys.
I sometimes wonder if the Chinese and Russians had large holdings on AIM dispersed through many holding companies as not to trigger TR1s and they have been slowly unwinding the last few years?
If correct, this childish obsession by our governments for military conflict in Ukraine has been a disaster for our Global Britain standing since we have isolated ourselves from BRICS and all those wishing to be involved with them.
There is just not enough liquidity in the West to prop up AIM, we only have ourselves to blame!
What I cannot understand is, if there is only one big seller, why has the selling never triggered the production of a TR1 when the shareholding passes the reporting percentages.
If this happened then at least we would know who the seller is.
There has been one or more persistent sellers for many months now, someone who apparently wants out of all shares whatever the cost.
No amount of good news could stand up to this. Share buy backs might but then people would complain about not having a better use......
I understand where you're coming from, John, but what I don't get is why the market infers that that RNS is bad news? What's the alternative....the company doesn't say what the drilling results are or the company produces drilling results saying 'we've found nothing...what a shame'. In either of these latter scenarios I could understand the company and sp getting battered.
What I don't understand is great drilling results leading to an sp drop. I'm not daft enough, though, to suggest all's well as a result of this (and other) RNS(s). It's fine saying 'we've found something'.....it's a different matter then getting it out of the ground profitably.
I guess what I'm saying is I don't understand the sp drop just now but equally I wouldn't expect an uplift n the sp until there's more meat on the bones about what precisely there is here (and in other projects) and how it's going to be profitably mined (with timescales that we can trust).
I would have expected the market reaction to that RNS to be non-plussed with little, if any, movement either way
1.62p/1.67p. I can't be the only one who wants out of this now?
Yes I'll never understand this shoite. They only tell you what they have to in the RNS. Tgecrst gets held back ...
And another damp squib
You appear to have struck some gold and a heap of silver in Turkey if I read the RNS correctly? Impressive silver grades!
I agree about the likelihood of takeover being next to zero. Whether some of us like the management or not, the various early stage projects are probably safer in KS's hands than anyone else, and I am not sure what value there would be to a third party. Would the terms of the JV, of which AAU is sadly now only a junior partner, allow a takeover? Not sure how that works.
I'm guessing 60k remaining ounces from Kiziltepe, hopefully 300k from Tavsan (I hope that is after the recovery rate is applied) so at a guess of $1000 net per ounce we have 10 year cashflow totalling £(0.235 x 360,000 x $1,000)/1.25 = c.£68m.
Heaven forbid Stranger. We agree! Of course it also means that because of the appalling JV terms we kissed goodbye to .265/.235 x £68m = £75m (plus the amount given up in the past 4 years) for £25m (less lots of legal expenses). But you know I never complain,,,,,
The last interims gave the value of the following assets:
Investments in Associates (Zenit, Venus, etc.) £13.6 million
Financial assets (Asgard) £0.8 million
Current assets £7 million
So the total of these is £21.4 million
Knock of £2 million (estimated) for expenditure since interims and we get the value of the main assets as £19.4 million. (The other assets are about £0.7 million more than all the liabilities and have been ignored)
This is more than the market capitalisation of £18.6 million therefore the value of all the future income streams from Kiziltepe, Tavsan, Salinbas, Venus, etc. is currently £-0.8 million which is obviously rubbish as the total profit over the next ten years that will be attributable to Ariana from Kiziltepe and Tavsan alone should be in the region of $360 million * 0.235 or $84.6 million (£67 million).
When the good news on the reserves, Tavsan and hopefully a dividend policy comes in then the share price will have a large positive correction.
It is counterproductive to talk of a buy out as shareholders would not receive anywhere near the true value of Ariana.
'Paul.....have a look at the EV used sale prices....scary stuff....harder to lose money on AIM...lol'
Yes we are not quite there yet for EV ownership. I would say 2050/60 might be the mass take off but for now it's out of most peoples financial means or imagination.
Ah johnpwh, the old G10 CII taxation and trusts perhaps? I nearly topped up here recently .....but still too opaque!
Perhaps on the next gold rally?
Paul.....have a look at the EV used sale prices....scary stuff....harder to lose money on AIM...lol
Keep off the graphene oxide if you can....lol
GLA
Commiserations Claret (you too LoB) on the result, only 1 out.
Crikey I like driving old cars without a synchromesh gear box, especially on winding and challenging roads where everything has to be balanced out.
I’m going to resist an EV car for as long as I can, just too boring.
Might consider it when I’m in my 80s and just want to run the shops but for now, nooo.
I will be honest I drive a MG5 and would not go back to and ICE car. I love the fact that I get home and flip the front port plug her in and next morning there you are 240 miles range and very cheap motoring. I really love the fact that when I am at the lights and some idiot decides that they can burn of an ordinary looking estate car they find that they cannot.
If you want to watch the considered review of an auto mechanic who runs a fleet of MG5s to provide a mobile repair/servicing service on one of his MG5s that has done over 100,000 miles then this is the video to watch, listen to what he says at the end.
https://www.youtube.com/watch?app=desktop&v=Kj7fJ5JI-yI
https://m.youtube.com/watch?v=Kj7fJ5JI-yI
Remember the UN and WEF will mandate essential vehicles and travel only, this is in their documents so not a conspiracy theory.
You will only be allowed to travel around in your 15 minute zone in a car you do not own but rent like an Uber which drives itself. You can leave your zone so many times per year and pay/exchange a carbon token fee if you exceed your limited amount.
Car ownership in the under 30 age range in the Western world is declining and many are not bothering to learn how to drive. I’m not too sure of these figures in the developing and third world though.
As you state a breaking point as to come somewhere, there have been demonstrations in Oxford and Orpington.
I can see EV cars taking off for another 50 years to be honest.