Member Info for Fowlertheprowler

A few 'traders' sell, declare in hope it will continue fall so they can then get back in, although reality is they are small fry in this share given background institutional seller which is suppressing rise for now until overhang cleared. Yes there may be more delays in this COVID-19 environment but at least approval has been granted, AEX are not going bust anytime soon, gas is required strategically in the country and there has been positive news. Patience as always is required and if you succeed in making money day trading this share with the spreads as they are, good luck to you! I added just under 1.5 million on news and will build further on weakness as I'm in it for longer term.

Pekingduck not virus, a slip of the mind that one, been listening to Trump too much!

Apologies Pekingvirus you are of course correct, although the behaviour and pattern of events with Aminex is representative of it! And I'm sure you'd agree that this investment is not without considerable risk.

Traders have dipped in and out now with some succeeding in making 5-7% tops (given the fluctuating spreads which have been interesting to monitor), but many being caught out and now considering whether they would have been better staying in. Trading since lunchtime has almost been the opposite of this morning if you look at L2 trades. I bought just under 9.5k at .70p yesterday to bring my average down below a penny (.99) and can certainly see the sp back around 1.2p on technicals. If we can get the campaign under way this year, sp could build on anticipation to around 2.5p conceivably even allowing for the much smaller stake we now have of the field. I would be tempted to derisk a good chunk at this point. Of course if it becomes obvious that it hard to see any action within the next year we are back into the will we or won't we get another extension (although likely that we will market won't like it) and all bets are off with sp returning back to half a penny or less! This is AIM and that IS the risk however positive one tries to be, but having been involved for some years now I am committed for the short term but will review if I don't think things are moving forward quickly enough.

Apologies 12p buy by Fional (albeit a small volume of slightly less than 100,000) on May 25th

Big placement also at this level - so would be disappointing to not get through this on good results.

Of course for balance, poor results could see it return to 6's or below but there is still the big one to come next year of course, so multiple opportunities for the patience or those underwater on their average (like me :))

https://www.youtube.com/watch?v=-P67b07z7Qw

Would be nice to get back to 13p Director buy in level before results late December/ early January

If it gets beyond this it would suggest a leak of good news to come.........

Breakout pattern now established next resistance 8.45

NM

Very good spot Nm

Had a brief chat with Malcy last night about Aminex and he is frustrated as the rest of us regarding the share price, but has kept Aminex on his bucket list. The issue is getting government approval and he agrees that with the Zubs on board this should make it easier (see their investment in agricultural sector in Tanzania) to unlock.
I remain fully invested and will continue to sit out.

Punctual Malcy who has just arrived! Will feedback any useful info but suspect there will be little new to report. It’s more about how the difficult questions are handled for me!

Indeed, Directorate change!

Is anyone else on this board going to the presentation on the 16th? I have registered to listen to Fiona and hopefully ask a few questions away from the presentation. If anyone has any specific questions they'd like me to ask, I'm happy to post back, but obviously no guarantees I will get answers to everything!

PS a nice case of red wine always welcome! :)

Hi Franconia I've just seen your message so apologies for late reply. You're welcome over Mariana. Although many will feel it has been undersold at least the decision has been taken away from us and for most a very good return. It has certainly got me back on my feet and I have now spread the risk over a few stocks, albeit high risk but potentially high return. I will look into your recommendation, but for now I am building a stake in Aminex, Hummingbird and Trinity. I expect Hummingbird to get some momentum from the autumn but don't want to miss the run up so have invested early. They will be producing significant gold from this time next year and are a very well run outfit. Aminex have dropped off significantly from recent highs so I have taken the opportunity to build significant stake here and I think they may well be taken out by the spring. Trinity are oil producers and having now refinanced themselves look ridiculously undervalued provided of course oil does not drop much further. So I have one gold, one gas and one oil play! Aminex may turn to oil as well (but this is speculative). I will be in all three for the medium term as I was with Mariana and whilst I have a few targets to take some risk of the table I won't be overtrading on any of them as I believe the value case for each is in the 12-24 month window provided the world economy continues to pick up. Finally, I intend to get into Sandstorm from the autumn too but with a much smaller stake then I had in Mariana. I am in the camp that they will prove up more of the resource and sell to Turkey with a royalty agreement in place. Also if gold holds up around $1200 Sandstorm is well placed to double back to previous levels over the next year. All of the above very optimistic of course but feeling positive after 500% return on Mariana!

Apologies meant for Hummingbird

https://www.youtube.com/watch?v=tfB2Nk_2E20 I appreciate this is slightly out of date now but very good overview. Dan Betts very impressive. Comforting that even at $1000 dollars per ounce Mali project will clear £25 million per annum. Worth listening to Q & A. NM

helpful like minded investors. I've come out for now and derisked. Inevitably it will now mean a yes vote and the price will spike to £1.07 or so before being delisted but I decided the downside was not worth it as the price would tank if there was a no vote and the upside though nice (6 per cent) is just not worth it for me. Like a few of you I will probably get into Sandstorm at a later date but with a quarter of the investment I had in Mariana and will now use this opportunity to spread my risk going forward and see to some financial commitments! I have dipped my toe in the water with Hummingbird today and also topped up a little in Aminex. For those of you that remain, I wish you all the best and may join you later in the year on the other side of the pond!

III will only allow you to trade it through Toronto (SSL) and they will charge you their normal transaction cost PLUS 1 per cent commission for the currency exchange which is irritating. Downside of staying in is increased trading costs, dividend tax (even if in ISA as will come away at source and will be 15% if fill form in and 30% if not) and contending with exchange rate fluctuations. Upside is benefiting from longer term benefits of HM if they transpire (which they should do) and any wider upturn in Sandstorm portfolio. Technically they are due a big bounce and look oversold and were significantly higher 6-12 months ago.

Hi Ludeck Thank you for your input. I've got all of my Marl shares within an ISA and have had conflicting information on the tax situation relating to the cash return. If it's not going to be taxed I'm tempted to leave things as I think there is a good chance that Sandstorm will advance later this year and there is a lot of upside left in HM albeit in a more diluted form going forward, although it will be important to keep an eye on the exchange rate as this will affect the outcome on future divestment. It's a big deal for me as I have am very exposed to Mariana as a percentage of my portfolio and it is a big part of my 'pay the mortgage off plan!'. I was told by one of the interactive team that the cash would be taxed as it was being paid from Sandstorm which is based in US? I thought it was a bit odd as its not a dividend but part of a buyout. I understand the dividends policy and the form that relates to this but trying to work out if we are in a grey area or if indeed there are no tax implications on the cash payment! Are you keeping yours Ludeck?

Terrafin Will they remove 30 per cent tax (or 15 if you fill in form) from cash payment when it all goes through or have I misunderstood this? If there are no tax implications I am also minded to stick with it and if there are I will sell and buy back into Sand through Canadian market which I can trade through III. Thanks for your feedback.

Terrafin If you don't mind sharing what are your plans? Do you intend to continue to hold through Sandstorm merger or are you selling out before the merger? FTP

Thanks Terrafin, so if you hold shares on that date you automatically get the cash part of deal then merged shares. However, if you sell before then even if after vote but provided before the 23rd you can get out! My original intention was to hold but currency rates and tax implications of cash payment are both issues. I will probably sell and then buy back in but a smaller investment (a third of what I have now). I think Sandstorm are an interesting long term proposition but I don't want them making up 80 per cent of my portfolio!