Member Info for CJ66

The net initial yield on the last 2 purchases was only 4.4% which is very low even balanced up with secure nature of income.
It's quite hard pedaling and won't ever overexcite, when set against the riskier office purchases of 7-8%.
Great for pension type income and I am using these along with WHR balancing some RGL / AEWU.

....+ he always went on about finding other opportunities (but have never found any) - well they should park that idea for a while...

Kyzlbulage mine is slightly different to the others as it is in 'Nagorno Karabakh' not the 'formerly occupied territories' and the 21st Jan update says Russian peacekeepers are there + crucially - 'our access to Kyzlbulag will depend on the final resolution of the status of Nagorno Karabakh.'
This may take a little longer to resolve but there is so much to keep them occupied anyway...

kingsuarez article a little way back is a good pragmatic look at + and - points for AAZ.
Worth a look and cheers for this.
As a long term holder I have always been impressed by the mgt's straight talking even in the difficult days - no ramping talk and most importantly no share dilution was critical to it's value now.
They certainly are aligned with shareholders in the correct way for once...

I believe it just means those controlled by an individual

Only my opinion, but I think Griffiths purchase is just an opportunity in a potential growth company, and see no reason why this long listed company would suddenly want to go private - such a move might also be frowned upon by the chinese authorities, who after all can ultimately call the shots, as witnessed by the 8 year licence wait!
I would just like to see a dividend being paid, especially as much of the infrastructure equipment has already been set in place.

Might mean the special dividend doesn't happen - but for once I wouldn't mind if this is well spent on the now multiple opportunities. Management will have to operate at a different level keep a handle on all these events.

I agree with the H's, they have looked but won't find such a bargain and cheap producer as Kounrad - but this is a finite resource that will eventually peter out.
SASA looks to have reasonable potential and with debt lower + the tailings accident behind will support longer higher dividends than just running the company into the dirt.
Outside of the pandemic they have happily balanced debt repayment and dividends.

9th richest man in Jersey - this below from the Jersey post - don't know if this is good or bad but he seems more of a genuine value investor than some of the fickle investment houses....(just for info Abramovich is top at £9.3bn, but not that popular by the accompanying feedback comments!)
9. Richard Griffiths, £300m – up £120m
Richard Griffiths is living proof that you don’t have to be a straight-A student to get on in life. He left school at 16 to work on the family’s sheep farm before meeting a greyhound trainer with City clients who would place huge bets on the dogs. He quickly gained an interest in shares, reading newspapers and educating himself in the ways of the market. His first investment – of £1,000 – in 1985 made an impressive £300 profit. He went on to take his stockbroker and investment bank business from a start-up to FTSE 250 member in five years. Today, as a fund manager, he has interests in 26 companies worth £256 million.

Richard Griffiths

As Ross. says this is a slow burner - it has multiple targets to explore further, but they will all take time,
and even on this board it's not long before people say - need more RNS, expected faster progress etc etc...
As long as the gold price stays high it will make enough money to explore all over the place and pay dividends,
but I'm not expecting 200,000+ ounces instantly.
Remember also that whatever anyone feels or says, the war has placed it as a riskier zone.
It will take patience, and will be interesting to hear the production guidance for 2021 - which was released 11th march last year.

...are you telling Mole that 'Freddie Star ate my Hamster' isn't true ?!
Lets forget Conroy for a couple of years and concentrate on AAZ's huge medium term potential - I'm sure their management is.
They came through a very tough year pretty well - as long as the longer term gold price holds - the divis and future opportunities keep me interested and invested.

...bottom line is that mpe production tonnes have grown from 275,300 in 2011 to 835,400 in 2019 (200%+ in 8years),
to an expected 1,424,000 in 2025 without further possible land purchases.
You have to balance what is possible against cost - particularly as it pays a reasonable dividend.
I can't see Tesco growing like this !
I do however hope that the giant KLK will stay away, but that may be up to people recognising the companies potential and buying the shares. Palm oil is not popular in the uk, not without some bad publicity and good reasoning, but people should look at the work and presentation on mpe's website that shows just shooting or shutting out the companies trying hard to be sustainable is not the right answer.

You should probably stick to big caps or building society's if you don't want risk or do research / look longer term.
e.g. Bango was 73p this time 5 years ago if you bought then and wanted out now at 140% profit.
True it has gyrated from 40p to £2.73 over this period - but that is to be expected for a very young company making or breaking it's potential to growth / profit.
I have followed it for around 4 years before just buying some now as my risk preference is generally not to invest in loss making companies until I am sure of the potential. This can cost me some larger gains but is purely a view.
I'm sure Gino is right that Simon Thomson will update this week that this is playing out as predicted with big profit potential over the next few years. Tesco won't treble it's turnover and profit over the next 5 years - this might well. The same goes for it's share price.
Risk and reward is what shares are all about from those that are reasonably stable with dividends to outright gambles - take your pick - or don't !

I think you will find he has taken the at the time price of £2.33 and added the dividends for a total sum against the IPO price.

...added to which Conroy is tiny and almost superfluous to AAZ in terms of money and personnel involvement !

Unfortunately the Atlantic Councils summary of Ukraine's promising performance has evaporated with President Zelevskyss decision to sack his reformist government in March 2020 and the Constitutional Court '...ruthlessly dismantled the whole framework of anti-corruption institutions established since 2014'.
The result is a devaluing currency and virtual drying up of any foreign investment - although it has not faired too badly by comparison with covid 19. = Looks a poor case macro economically

Hi Torn - remember the spread and the share price have very little to do with the company directly - unless they do something like double the number of shares etc..
These things are decided by the market makers and things like the number of people dealing in the shares.
However the price for many of these small shares (buy or sell) is often much closer if you put in for a quote - and you can then decide to proceed or not. It is one of the things for smaller companies that they just don't have massive volume. Something you also need to consider if you are trying to buy or sell a large amount at once as well.

...just to add that particularly aep with a small float and trading volumes - tends to go up and down large amounts - but if the positive holds this could rocket around results time....as a cyclical stock these 2 minnows always seem to be behind the commodity curve both up and down!
Buy and hold?

Hi Nobull, I appreciate where your coming from now, and you also know the history (I also had some Lendu & Bertam before amalgamation).
mpe's last annual report did say that 'during 2019 the RSPO adopted a change to its standards affecting any new planting' so this was paused - however they are committed to buying land to try and make optimal blocks of 10k hectares and 1 mill. This includes trying to secure another 5k hectares near kota bangun as it has 15k hectares.
Like aep they used to never have any debt, (but partly perhaps with klk pressure) they have upped dividends and land purchases, so I think they will buy more land when cash flow grows in earnest as the cpo price rise / if opportunities arise.
Your absolutely right to teach your relative about commodity pices, as whether its gold or cpo they always go in various lengths of cycles. mpe and especially aep are also examples of small companies with small amounts of shares in issue - so often the price can go both up and down far more dramatically than the industry giants - small company risk and reward, but as you point out the overall longer term direction is ever upwards.
Overall I think mpe will continue to grow, or be taken over by klk, if this happens fingers crossed for a full price - something that looks favourable with the rising outlook for cpo. Hopefully having already failed with the last bid, they have missed this cycles low point.
Old fashioned tortoise I know, but I look at my dividend against my original purchase price as a 37% yield - always a close follower of the FT's John Lee!