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I have bought some for my wife 1.65p makes mummy love dady
Anybody think £1 in future, takeover or gold produced in 1-2 years time? Looking good, have some shares at 3.6p.
i have my shares through Iweb. i have not received a notification
Van V , Money maker, Zapsnap and other LTHs
As a newer on AAU, I have received a voting date for AAU BOD last date being 24th august.
As you are well aware of the BOD, it will be useful as to what your choices will be , so that recent entrants like me can go with you
cheers
MK
cheap as chips. i tell ya
Missed out that they are pretty well debt free and of course the Deal looks transformational in terms of accelerating the great potential in the Hot Gold Corridor.
But if you listened to the presentation, lots still to develop at Red Rabbit & Cyprus of course.
Good luck
Yes theres a difference there, ultimately SXX got into trouble as they gambled the farm on being able to go it alone on a multi billion pound development. If we went down the same road with Salinbas we would be at risk of going the same way - at that point the profits from Red Rabbit (and Tavsan as well) would be tiny compared to our outgoings. As I see it we are ultimately protected from such an eventuality.
I do agree they are predatory but Sirius was slightly different because the company was losing money. AAU are in production and making a profit. Tavsan coming online in 2 years will also significantly increase our financial position further. Even if we didn’t have the new partner, the chances of AAU letting Salinbas go on the cheap are quite slim.
On a different note, I’d said early last year that by the end of this year we’ll be pushing 10p. We’re definitely on the right track with everything that’s happening at the moment.
As a large Copper, Gold Molybdenum porphyry, this is going to bring the likes of Rio, Newcrest and Anglo American sniffing - it's what they want. The deal we have will prevent them from buying it off of us on the cheap, they are predatory in the same way as big pharmaceutical companies are - look at what happened with Sirius.
Are you registered for the Webinar this morning at 10 o'clock? You could ask questions of the Board direct.
We will have to watch this space regarding how the hoped for war chest is spent.
They have land acquisitions still to make at Tavsan, beyond that I cannot comment.
Van Van
Thxs for nice summary . Good BOD was a very important aspect for me
Widening diversification - Are they planning more buyouts of tenements ?
MK
Where do I start?
Firstly Mgmt - have delivered what they promised. They have "skin in the game". And find the gold at one of the lowest cost per oz - c. $15/oz.
Proccea who operate the Kiziltepe mine are a class act. Never had any production problems. Costs in the lowest quartile.
Well diversified and that is widening. West & East Turkey & Cyprus.
Mineral diversification - Gold silver and potential copper (Cyprus ) plus others from Salinbas.
Hugh potential - Salinbas as you have seen today plus Cyprus and will will have cash to invest in other projects once deal is finalised.
D.D. by a major Conglomerate confirms everything is as stated.
You won't find many like Ariana but my main reason for being overweight is the honesty and straightforwardness of Kerim & his team.
Just thinking about it, it’s probably because of the investor forum that it’s been released this morning. They wouldn’t have been able to discuss it without previously having updated the market on the figures. Just a bit gutted I’m going to miss it. Can anyone planning on watching it put some bullet points on here later?
Hi Balanced, like VanVan, I'm don't know much about SOLG, but I think GGP is a completely different type of deposit - deep underground with high grades.
Cheers, Ash
VAN VAN
As a new entrant I started researching into AAu since last 2 days and here we have the news today. As an LTH what other factors make this a safe play with further potential .
Thxs for your input
cheers
MK
Sorry I haven't researched those Co's. I hold Starvest (SVE) which gives me exposure to GGP and of course AAU, and a few others.
I'm happy to say that I consider AAU to be great value and one if not the safest plays in this sector. That's enough for me.
Investor forum today also ! Starts at 10am, no doubt that will help a re-rate as news sinks in.
Moneymaker2015 - thanks for your view. I see this one as my most reliable and safe gold stock.
Holy Sh*t, just read that RNS. Salinbas was a huge resource anyway, now it’s just increased by 50%!
I’ve always said they just keep throwing out excellent news, they’ve now done it again.
Balances, to answer you question, it appears the market just hasn’t taken notice of just how outstanding this is as a company, there’s just no other way of explaining it. Usually companies spike when they head into production and go up a few pence, this never even happened here. It’s just been a slow and steady climb over the years. If you look at the charts though, it’s been a steady consistent rise. There’s very few stocks on the market that are as low risk as this one at its current price. Obviously DYOR though.
VanVan
You understand this sector better than most and certainly much better than me. The potential at Salinbas - can we compare that with Solgold and GGP and we are also producing and not just exploration and then conclude we are greatly undervalued? Or am I missing something?
A case of under promising & over delivering for sure. This news will surely haven taken the market by surprise. We are a lot further ahead than was thought.
All aboard, train about to depart the station at platform 6p
Stunning.
Not good morning but great morning....Salinbas increased to 1.5 Moz from 1Moz ...well done All great news..