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Hi john. You could well be right about investor perception but market makers and brokers is another matter. I am invested in a local mine whose shares trade up or down almost on a daily basis somewhere between 3% and 5%. It produces about 3000 oz of gold and 22,000 silver monthly at the present time but it got rid of debt by finding another mining company to pay off the loans in exchange for the rights to all silver mined for several years to come. I am in for the long term but if I had an inkling which way the shares would be going in advance obviously I'd make a lot of money. I am convinced that AIM leaks like a sieve and insiders reap enormous benefits. Just how much rampers and derampers on these chat boards actually affect share price and whether investor joy or sadness motivates BoD decisions has never , to my knowledge, be accurately gauged. What inevitably happens is that most of our fellow contributors and all the well-known market tipsters always seem to impart their exhortations to buy in at about the exact point that the "hyped" share peaks out!
I think its all about Chinese Whispers, Nudge-nudge and of course those awful freemasons. (lol). For me Casinos Rule! and I don't pay for my drinks, john.
Hi DJ. I feel the recent SP lethargy is more to do with the company itself and the perception of it by its investors than the political situation or even the wider market. AAU is too tiny to be effected so directly, it ebbs and flows by its own prospects unlike giants like BP which act almost like a barometer of the FTSE100 after a small adjustment for price of oil. After all AAU has not behaved the same way as peer minors (that was a typo, I meant miners but have left it in as it seems relevant!). Well done for trading AAU successfully, nothing wrong with making a profit, I do also sometimes but what galls me is that between them the brokers and market makers usually make more that I do!
I suggested what is affecting things, John , but no one wanted politics talked on here. The writing is on the wall nevertheless...The rug got pulled from under USA stock markets last week, next we'll tariff the French, upset Norway & Finland to complete the Scandinavian "game" and probably **** off the entire G7 delegation this weekend.
So don't expect anything to really improve for a long while into 2020....and only if we get wise and have a change of "management" late in the year.
....and...it's still stinkin' hot and no sign of rain here. Weekend watering of gardens (in my case brown desert) is now forbidden.
The good news is personal...having sold all my AAU shares two weeks ago, I just bought back in last week to my advantage.
Another week (starting Tuesday as Van points out). That's the trouble with being retired, no one gives you Bank Holidays anymore! We really have to have the quarterly results this week, which imo are unlikely to help the SP - especially on top of last weeks Salinbas update which went down like a damp squib (again). Sentiment is poor, in fact I would say a bad as I can remember during the time I have been invested having read the messages both on here and ADVFN. I shall go out on a limb and say that, contrary to the usual accusation of under promoting, the news flow out of Salinbas is the major cause as it is not reassuring people of its previously communicated promise - especially those investing on the prospect of HM2 (which to be fair the company never claimed). Remember we were at 2.5p, 25% higher than now, just 2 months ago - and that 2.5p was against a significantly lower POG/POS.
Sod it! Don't worry VanVan, was just being a Drama Queen. I may flounce....
Not Monday John as it is Bank Holiday. But don’t you think that might be premature? Quarterlies likely next week. Gold up strongly. And news on Tavsan not far away . But also 90% debt by Christmas. Value will surely out over the next few months.
I give up. I'm selling first thing Monday
Right on target....Another "Wall Street Banksters' Friday" and down goes our SP. So much for the post RNS increase too. Back to waiting, lads and lassies? 3p next year. Enjoy the weekend, though.
Thanks for your replies guys. I should have added that the drill intercepts at Salinbas thus far seem to be at depth. I would agree that 125m @ 2.44g/t near surface woukd be quite attractive but at depth?
Kiziltepe has been grading 4-5g/t near surface, open pit. No shafts to sink, no underground work, no need to lift tens of thousands of tonnes up the shaft, 2x grades = half the material to process and half the tailings to contend with for the same revenue.
Sure it looks like they have some Cu, Mo, etc on top but I guess I'm not as convinced as some of you. Yet.
I'll wait some more. Thanks again.
Net result seems to be a gaping chasm in the spread again. Based on 100k I just got 2.01 / 2.15. Bit pants really, certainly not a traders share
Ha! Premature sending!
Enjoyed your post and I can relate to what you say. Indeed I have said similar things in the past. The company has never said they expect to find a prospect like HM. Many posters, particularly on ADVFN, have effectively been assuming HM2 is a question of when, not if. Think reality is beginning to dawn on PIs that HM2 is feasible but by no means certain.
My decision to invest here (and I do have a shed load of shares considering the MC) is based on having a JV capable of producing 25k oz for a couple of years, expanding to 50 k oz for hopefully a further 6-8 years then being replaced by 50 k oz from NE Turkey for a further 10. That could prove conservative, arguably it may prove optimistic. And hopefully against rising PM prices. Who knows, answers on a postcard please.
Kandles
At current prices 2.44g/t Au and 0.3% Cu is approximately 2.8g/t AuEq
Hi Shakey!
2.5g/t gold over 125m is indeed very good. I know explorers who would kill for that drill result!
To be honest 125m at those grades is really quite good. Well over 2.5g/t AuEq.
I don't know about the rest of you guys but every time I see 'Salinbas' in the RNS title of an RNS I eagerly open it with high hopes of Hot Maden type grades.
It's not happened yet and I'm wondering if it ever will as grades to date have been consistently OK but not particularly exciting. I think the best to date was probably 125m @ 2.44 g/t Au + 0.3% Cu inc. 30m @ 7.5 g/t Au + 0.3% Cu
Any thoughts on the likelihood of this changing? It's not as if the drilling has only just commenced.
By 'Salinbas' I refer to the whole prospect including Ardala, etc of course
I'm still very long here and regard the stock as good value based on Kiziltepe alone. But now I'm wondering what likelihood there is for hitting a home run at Salinbas.
Any thoughts?