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Lafitte, thanks, patience is definitely a good idea for us who can see very significant long term gains here but because the potential upside is huge for RMM the SP rise could still be very impressive over the next 3 to 6 months prior to lock-in agreements ceasing.
This is great news and will result in receiving £2.5M of the targeted £3.5M (as per the plan) cash to be generated from sale of non-core assets, all part of the refinancing and frankly the start of developing a new company under new management who have stated they will focus on creating shareholder value. Cash is going to be in place and those buying in now will be very well-rewarded.
Bsg - why do you do this! Do you believe the Standstorm agreement is still in place post the refinancing? Has Rambler already received upfront cash payments from Sandstorm? Was Sandstorm’s working capital facility repaid through the refinancing?
GA- Copper is currently trading at $7600 per tonne, c. £5,800 per tonne. Multiply that by 8.5 million tonnes multiplied by 0.63% and you get £312M and the copper price is precited to keep rising. And AAU is valued at £55M...
Arborman, The company have stated that they plan to pay a dividend amounting to 50% of the cash receipt less expenses so between £12M and £15M is my estimate. The SP could indeed be 10p at fair value but in true AAU style it will be a slow and steady rise to get there.
Fantastic news, at last - partnering an organisation of this size with its financial, construction and technical capabilities as well as its influence in Turkey is an absolute game changer for Ariana. Taking a significant cash windfall now, rewarding shareholders and facilitating further exploration is great but still keeping 23.5% of assets and opportunities that I am sure will not only end up totalling much more than the current values owned but more importantly the partnership will fund and fast-track their realisation and monetisation.
JohnZ - Difficult to know but it is really just 'tidying up' as part of the proposed (now looking pretty certain) larger JV with Ozaltin and Proccea that is a huge deal that will result in a very healthy dividend and a re-rate of AAU's share price as Ozaltin's financial and construction clout will enable Salinbas to be developed as well as providing $35M at the same time - An absolute game changer for AAU and its shareholders IMVHO.
The SP is still undervalued. Over time I 'm sure true value will be realised.
As I understand it the USA still have nuclear weapons kept in Turkey. Whatever all the rhetoric amounts to I don't think the President of the USA really will have any material impact on Ariana carrying on with its operations and successfully mining its already owned and licensed sites. Going forward the planned diversification into other countries/opportunities will help reduce any perceived risks. Another reason that the proposed JV and future plans are so exciting and valuable.