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That's only 500,000 shares over the last month, just over £6000 worth. It doesn't account for all of the selling, unless they've been opening a lot of positions at the same time. Either way, sooner they're gone the better.

Jimzi, It was for the last 3 paragraphs that I took a position. New board is solid, potential income stream and at 850k you could double the amount of shares and it's still cheap as chips.

It's always possible, wouldn't be a surprise for an exploration company. Having said that, the market cap is so low, the insignificant buying over the last 2 days still accounts for 5% of the total stock, let alone available stock, so prices will move quickly on low values of buying.

The real spread has been much tighter than the bid/ask, it was .05 for most of the day.

Hopefully it can work it's way back to the pre Cropper sell off price of 2.75p. Even then it would still be below 2mill Mcap, so well within normal valuation levels.

It seems bizarre that a drop to 'only' 2330usd/oz sees a big drop in share price. It's literally printing cash at the moment. The share price dropped when they bought the lithium assets, so presumably the big money was worried about how thin the profits were going to be spread and lack of incoming dividend. After recent comments by the board, that seems short sighted at the current gold price.

Standard AGM form, nothing hidden at all. Taken a small position, 840k mcap is very low, usual level would be 2-4 mill for a company like this so definitely worth a wait and see approach. All depends on the nature of this supposed new investment that might be coming.

The Jan/Feb issue was already known about. The important bit for me eas in March things were well up to speed and over 8000oz produced, which they expect to maintain for the rest of the year.

The share price started going down when they announced the Lithium exploration licences.

I think there was a sense that dividends were incoming, but this was replaced with a concern they were going to spread themselves too thin, rather than concentrating on the core business and spending capex on expanding mine life and Douta.

If they convince the market that this is all under control and can even pay a bit of a dividend, the price will go up quickly.

At current gold price, THX will be adding an extra 20 mil USD to annual income when compared to mid Feb gold prices. That's 25% of current MCAP, which was already undervalued. I know gold miners are out of favour, but this is getting daft now.

It's a coin toss until the report comes out. Good report and all will be fine, bad report and it's curtains. That was the reality back in July and it's still a waiting game.

By the time theyve gone through the whole design, development and test process, it certainly means a good chunk of additional billable time.

I didn't expect Chelverton to be out this quickly. That has to be a massive positive for the share price moving forward.

****, cplloyd addresses these concerns below far more succinctly than i have, but if you're struggling to find info online, then head over to some of the other message boards where you will find links.

And to pre-empt I told you so's, while this situation hangs over AAZ, there's every possibility it drops to the 40's and it probably wouldn't be a good thing to buy unless it resolves itself.

As an aside to below, the political situation is very concerning and a material risk to the company. If it sorts itself out quickly then the company should be fine, if the divi needs to be cut temporarily then although not being ideal, I don't think that in itself is a major issue that a couple of pence a share isn't paid out for 6 months. If the government decide to get permanently difficult, that's a major problem.

But the dam doesn't need fixing. There have been small scale protests about the planned position of the second dam, in the mean time they were raising the original dam, which again has been RNS'd. Since the small scale protests there have been independent tests that show all is in order with the dam. It's all there if you actually read the RNS's.

Unfortunately there's political issues in the background, with the President getting involved, making statements that he now needs to be careful not to lose face, and until that sorts itself out THAT is the danger hanging over the company at the moment, hence the risk adverse selling out, nothing to do with an established mining company taking out a £30million debt facility for mine development several months ago.

This is down to the high 60s because of the issues surrounding the tailings dam and political issues, nothing to do with the very reasonable levels of debt taken out to increase the production. The drop from the 90s has been since the protests and we all know it.

I agree with much of the last post. Everyone knew first pour was coming this month, they've announced what was signposted. This in itself is a good thing, but already priced in. In my opinion (and I'm the first to accept I may be wrong), the big money is waiting to see that the previous operational failings at Yanfolilla have been sorted for more than a half year basis and Karoussa can be ramped up to nameplate capacity without any issues. The transition to u/g mining isn't as straight forward as some people think either. However, at this point in time, things are looking positive for the first time in a while.

It might need another couple of pieces of good news to push up to a £15 mil valuation, but surely it deserves to sit at £10-12mil mcap at present.