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Van van spot on as always. It just doesn’t make sense that the company cannot even attempt to improve their frequency and quality of communication with their shareholders. We have such a good story to share and I follow other gold companies, with much less fuel in their engine, who maintain interest and support with their owners (us!), by communicating even relatively small steps forward as massive leaps. My sad conclusion is that KS doesn’t really care about us. I also worry about his split roles and his recent focus on Panther. He needs to get out of Australia, (it is now possible for somebody in his position) and get back in amongst the action.
Some people just don’t get it. What’s the point of announcing now what countries are red, amber and green when it can change week by week. The government would get hammered for being completely irresponsible with loads of people having booked their holidays now having to cancel them or take off 5 weeks to have a two week holiday.
Obviously this chat board is full of easy jet shareholders, some of whom don’t give a damn how many people die of the virus as long as they get more money into their greedy little mitts.
People always blame the government, sometimes with good cause but very few are willing to accept any of their own responsibilities. I despair.
Fair point about SXX desertjoe, but I feel AAU is a different beast and ‘patience’ will win out. I have had shares in AAU for 6-7 years as well. My first purchase being at 0.86p.
It has been a slow burner until these last 2 years but is now on the cusp of an new, exciting era.
My concerns over the unpredictable Erdogan have been allayed somewhat recently by 2 things:
1) with the completion of the joint venture, what was a 50% owned Turkish JV, is now 75% Turkish owned and 2 big Turkish companies at that- Ozaltin and Proccea. So Kerim has very astutely reduced our exposure to Turkey, made it more ‘Turkish’ and received $37.5M for his troubles.
2) The Turkish government have announced their strong wish to increase internal production of gold to record levels and this fact should bear large when it comes to the speed at which licenses and permits are processed for Salinbas in particular. Bearing in mind that 100% of the gold AAU produces is sold to the Turkish government, I can’t see Erdogan trying to interfere with the laying of the golden goose.
All this and now kerim has money burning in his back pocket and looking at exciting projects in Eastern Europe to get into. His ‘nose’ for finding good prospects has stood him in good stead so far.
I also have a sneaky feeling that the Cyprus tie in with Venus Minerals could take off this year. It is a proven area of resource and with mining techniques so improved since 40/50 years ago, untapped resources previously out of reach are now possible. Also it is diversifying our interests into copper- a prime metal of the future.
Despite the last 2 years showing 50% growth y on y, many shareholders were very unhappy with the way the JV with Ozaltin was handled and I have some sympathy with that view. However, it is now done and from Tuesday, when the new tax year starts and the markets re-open, I do believe we are in for a steady drip of positive news and another 50% increase y/y plus a very generous special dividend. I invest for my pension, so those kind of ‘steady’ increases are more than enough for me. Some people want multiples every year! Anyway- time will tell.
I don’t believe I was ‘attacking’ anyone John, yours is an extraordinary over the top response to comments I made mainly to counterbalance desertjoes’s piece. If you understand English, the only word I used in relation to your contribution was ‘musings’, a word which does not mean ‘flippant and ill-informed’ rather ‘thoughtful and reflective’. Get a grip of yourself and of the English language before blowing up in your own pomposity.
Desert joe: I appreciate most of your well argued comments.
I would disagree with your thoughts on aau and being a smaller piece of a bigger pie. The pie is massively bigger, influential and derisked.
Far too early to cave in to John and Paul’s musings. Nobody canwait 5 minutes any more.
Without Ozaltin, Salinbas would be a long distant dream. Salinbas is the definite game changer for the company and the other exciting projects about to roll off the conveyor belt such as Cyprus, Eastern Europe, Tavsan, further increased production at kiziltepe and a big fat juicy dividend will make your capitulation seem slightly premature in a few months time. As for seeing the share ‘going down and down and down,’it’s depends on how short-sighted you want to be to suit your facts. The last 2 years have seen a minimum 50% increase of SP each year!
AAU is emerging as a butterfly from is pupae stage over the next few months as a totally different beast. Less reliant on the vagaries of Turkey, Copper becoming a much bigger play and turning to its strengths of discovery and development of resource estimates rather than as a mine production company.
I’m confident to say that this year will see another 50% rise in sp and an extremely generous dividend on top. It’s just in this crazy, greedy world that isn’t enough for some.
NS: oh come on! Have we lost all sense of humour around this issue. If parents did less complaining about what was going on at Johnny's school and were more focused about taking their responsibility seriously to bring up well educated, well behaved, law abiding kids, the country would have a backbone on which to build our independent place within the world!
Mr Knowall. Depends at what stage you bought into AAU. I am showing a healthy theoretical profiit at the moment, but am holding on for another 15 months. By the way, it sounds as if you are having wet dreams over the MD. Suggest you keep it to yourself.
Oh no, 4kandlesa appears to have crawled out of his own heap of excrement and vomit inducing bile. I thought we had seen the last of him. Crawl back in airhead and let us all enjoy our calculated and well thought through investment.. Suggest at least you give that single brain cell some rest for a few more months before you disgust us again with your dribble.
Encouraging chart and encouraging prediction for 2018! I have always said summer 2019. Maybe I need to bring forward my review! I think the grumpy tone of many posts recently (and I can understand why), will be replaced by congratulatory contributions and I can't wait for 4kandles's comments!
4kandles: I bought roundabout May 2014 and have held since. I repeat my time line of summer 2019- a 5 year holding- hardly that of a ramper. You can call me a liar by any other name if you wish. I simply restate my position and hope that your brain cell computes. Your bilge and bile is so frequent that I can only assume you've lost your pension savings with AAU and I therefore offer you some solace by offering to pay for your anger management lessons myself. I'll sell a few AAU shares and realize some of my profit just for you. Can't say fairer than that old man!
That's right, 4K. I bought all at 0.8 - 0.84 pence. Correct also- I have not sold or bought any since. Mainly because I am not a sad old retiree with nothing better to do but **** off others., but work 60 hours a week and therefore find it difficult to sit and monitor minute short term movements in sp..as I have consistently said before, I am more interested in what I can sell my shares at in 18-24 months time. I hope you are still around then and haven't popped an angry blood vessel in the meantime.I will be happy to accept your apology for your inarticulate and inadequate vocabulary whenever you calm down and catch up on your anger management courses.
Some of you doth protest too much. Your green-eyed monster posts of indignant protestation when you would do exactly the same if you had A brain and a ball between you, makes me feel quite nauseated. 4kandles- I know it irks you but if I have been so 100% wrong for so long, how come my current share s show a 'paper profit' of over 60%? We are all in here to make money- and we will. Quite frankly, I am not chuffed at Kerim's prexmas present at our expense, but see the bigger picture and try not to be so mean and small minded. No doubt now there will be the usual candidates typing furiously to spit out their venom. Just pause and look into yourself and honestly answer the question: would you do something similar given the opportunity to better support and provide for your family?
I would be surprised if any poster was to congratulate the Board for this pre-Xmas grab and the large majority of you have voiced fair disappointment. (Apart from the usual vitriolic post from 4kandles. Ithought he'd hibernated for winter, but unfortunately not so). As previously said, the timing was a kick in the teeth for the SP, just as it was showing signs of early life. However, the decision and consequent RNS would have been made long before this week. I still maintain this is a good company, with an SP which currently in no way reflects its current value and future potential. I maintain my stance of an 18 month to 2 year window. I will make my mind up then. (Unless of course something big happens before....????!!!!!
Good news over the last 24 hours with the latest RNS stating 'ample funds' and future income to invest in exploration. Special mention to Levistubbs for recognising that truth and welcoming it. The other even better piece of news is we haven't heard from 4kandles since the RNS. EITHER THE 2 are linked (4kandles doesn't like good news from AAU since it pricks his ego) or he's still recovering from his apoplectic fit of posts late last night. Either way long may it continue. Just to put another of your pompous assumptions to bed 4kandles, as a Pharmacist I don't believe in homeopathy one little bit. There is not one piece of published scientifically proven research to back it up. Your simile was inept, incorrect and based on ignorance- end of story.
Nice try at a smart arse simile 4kandles , but totally inappropriate. .homeopathy works on the principles of 'like cures like' and 'potentisation', which is a complex theory which I suggest you look up. What it does not mean is that the more dilute the mixture, the more potent it is! (Tip: look up therapeutic effect). Suggest you stick to your own narrow field of what you know best.
Oh levistubbs, you do let yourself down so badly with your bile that you cannot help but expelling. I for one wish everybody who has shares in AAU success and wealth. Yes it will be a while in coming, but let's discuss the SP price again in late summer 2019. If you are still around by then, because like 4K, my impression is you are just here to deramp, I look forward to your comments. In the meantime try and control your ego, which oozes out every pompous post you produce.. Here's to your 1st post that actually, however grudgingly, recognizes the long-term blinder Kerim is playing!