The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Very hard to see them allowing AK to be a guest speaker if the deal is going to be rejected. The session he is speaking in is "South Sudan's reserves and exploration" and tells me the reason a relative minnow is being welcomed into SS is that AK has talked up the investment that will be ploughed into the country to aggressively grow production, as well as accompanying renewable deals. Chad would be better welcoming him too as they will benefit form increased tax revenues if they are on good terms and encourage mutually beneficial growth.
This has a long way to go, I’ll be surprised if it be orange get to an all time high this year. Brilliant company, not the first to shout about good news but they’ve started the year shouting about Gilar which tells me they know it’s a big winner.
I imagine we are operating/earning from them now. So will Chad want to hold up expansion plans (thus tax revenues) by dangling this uncertainty indefinitely? You’d hope not but you can’t underestimate the greed of crooked politicians wanting their brown envelopes. It’s better for everyone (Exxon, Save, employees, the country) if this unsavoury business is sorted out amicably & soon but that doesn’t seem likely.
I think without getting going on the more significant new mines the buy back & a positive update on Vejnali & the new vein could easily push the share price up 60%.
They are looking at significant copper reserves in the new areas and if these can be pulled out of the ground at a reasonable cost and the world doesn’t find a way to hit net zero targets without significant amounts of copper, then the future share price could be multiples of the current all time highs.
Assuming all the blocks are the same seller.
I think the selling probably started before the significant holder started to sell and I think they may have been out a while and the latest sales are just PI’s trading.
Either way, we shouldn’t have to speculate as it’s clear someone should have declared. I do agree this could still be explosive on news, but given some have bought in so cheaply it’s only natural 8p buyers taking profit at say 10p, 10p buyers selling some at 12.5p etc so if the seller is done (as I think) there will still be blocks sold into a recovering share price.
The dividend should be maintained this year, according to the CFO at a recent presentation (so circa 8c for the year). The company is fairly cautious so isn't likely to leave itself short and having used cash for Libero (which I guess they will continue to invest in) and needing cap ex for expansion plans I doubt that they will be exceeding 8c per annum over the next few years.
Ratification on the new areas is hoped for by the end of the Current parliamentary session (so end of May) but possible it goes beyond that. Fingers crossed Vejnali starts contributing soon and the company can start putting out a plan/timescales as to when things are going to happen as the market is currently assuming that the declining production is fairly terminal, when in fact there is plenty to go at to not just halt the declines but grow this company to levels far exceeding where it has been before.
I suspect many have stayed on the sidelines here knowing that any buys have been sold into by a clearly significant holder that hasn't declared as they have been selling. This has been going on for several months and the share price has collapsed as a result. IF the seller is done then relatively small buying volume will see a bounce and if this is accompanied with good news then all bets are off as to high it could go (there has obviously been some big spikes in the recent past on RNS's that just hint of future growth)
It's not ideal that the ratification of the new areas has not happened or indeed that there is still tensions with Armenia, both of these factors I believe are adding to the deafening silence! One of the issues with this company re share price is conversely its strength, namely that the board are heavily invested but don't seem to have much interest in short term share price increases. This is as they do not intend to sell their own holding nor dilute them through share issues. Many get frustrated with this but as a long term investor the dividend is attractive and I believe the company is well run so when you're least expecting it the share price is likely to go on a run!
Do you know much about the company you are invested in? There is a bunch of new prospects, including a huge copper porphyry and a previously operating mine that they have starting investigating with a view to restarting operations. The new concessions need to be ratified from the Azeri government and I think once that happens the news flow is likely to ramp up. The share price is currently languishing around the £1 mark due to the lack of information and as the operating mine is returning lower grades (which is unsurprising).
I'm not 100% the recent investment in Libero copper is a big plus as don't know the company but the AAZ board obviously see something there. It does at least give geographical diversification into the Americas and copper is certainly likely be an in demand commodity for the foreseeable future so your investment here certainly has the potential to be benefit from an increase in copper prices as it moves towards mining multiple copper prospects.
I’m still a bit disappointed at the dilution/placing price & existing holders being ignored but today gives an opportunity to get/top up if people want to.
As much as the current market cap screams opportunity the reality is the detail of a huge company changing announcement has been made at 7am on one of the quietest trading days of the year. To expect 100% share price growth or similar today was our in the sky, the placing took the edge off the urgency for many but what is on offer here for 23p a share looks to be worth far more than that in the short term and long term could be life changing for many private investors.
After 6 months suspension it’s hard not to be frustrated at the small increase in share price (given most expect it’d be higher than this if it had traded for the last 6 months, based solely on Accugas.
The current market is a tricky one anyway and this may explain the reason to raise capital at the suspension price but I don’t see another U.K. listed share I’d be as confident in for 2022 as SAVE.
Happy New Year to all and onwards and upwards!
I think the fact that there is plenty of development potential with this company on their own projects a minority stake in someone else's projects was never likely to give an instant boost to the share price. In reality this isn't a big amount of money if it comes to little but it is a geographical diversification into some apparently very decent assets, whilst being able to provide expertise to help give a better chance for that company to make good. I suspect it is more positive for the Libero share price in the short term, but gives another string to AAZ going forwards.