Member Info for Gavster-NBC

May update? I expected it last Friday but certainly happy to wait. Getting their ducks lined up.
Debt gone ? New tailings projects ? Ounce guidance ? How about an interim dividend ?
Last years was Friday 21st May, 2020 was Monday 11th May, 2019 was Friday 17th May.
Cheers and GL.

I've built up quite a holding since the price hit the low 230s. Handsome dividend just 3 weeks away and the daily chart since April shows divergence, a rising RSI alongside a lowering share price. I've not traded divergence before as this is the first time I've noticed it within my watchlist.
"Book price" - Do you mean net asset value or Total Current Assets ? Listed as £7.049B equivalent to a share price of 301p.
Cheers all and GL

Just checking in on this Shizzle show. I can see a few green posts but thankfully all the dribble has been filtered out.
This message has been filtered, please adjust your filters to view.
I don't need anyone to leave me alone, I've been posting on these boards for over ten years and those in the know will value what I have to say as I've been proved correct on many occasion.
So how's AAZ... Yep still pants, where most of my other miners have increased by % since I last checked in.
As I said. AAZ has been great in past years but now it's going in one direction, and the only way out of here with a profit is to trade the spikes.

One of those dumb Tories got confused between 'Windfall tax on energy' and 'Tax on wind energy'.
Below 1800 ! Wow.. I may buy back in aafter selling out my last free holdings above 1800.
Not a chance the public would approve of such stupidity from government.
SSE is a superb company but now more reasonably priced today.

As if Boris's conservative party could not get any more stupid.
I can't quite believe they would do that but then we do have posh idiots like Sunak and Dorres in his close circle.

Thanks for that Trek. Encouraging and backs up some of their comments in the last update.
We're still struggling to break free of 314p trade-wise but this should surely happen en route to the 1st June.
I'll certainly be increasing my holding if there's another dip to the low 290s.
Nothing more from LKL but Arsenal could be right if the SP stays grounded, at worst the yield should be high enough to protect from inflationary deflating of the SP.

Hi all. I'm looking to start a discussion on how Chenavari will do with the looming cloud of high interest rates set to appear in the coming months or years.
Are they a company that now exists in the wake of low interest rates ? Will they survive or thrive when the interest rates rise, the mortgage defaults start, businesses suffer and unemployment rises again, or are we in new uncharted waters ?
As far as when rates could rise, it's down to government and timing.
We know that the current Tory government generally does what's best for themselves rather than the country as a whole so IMO, they will not raise interest rates enough which might please those struggling with mortgages but they will not help to feed the millions suffering with increasingly low wages. This road leads to a Labour government in a few years time that will be raising rates.

Exciting day ahead - All we know is that the SP should be up !
120p, 140p, 170p, 250p...
I have know doubt this is some scheme cooked up by Moulding, or that this takeover will probably turn to dust, but hey, that's what he does and this is the way he plays. and the most important thing for me as a lowly PI is that he's showing ambition rather than becoming in charge of a typical British Company that will get sold off as soon as it starts to properly show traction.

Wildtiger. IMO it wasn't sellers taking the price below 80. CEY went ex-div by over 4% today.
With so many companies on such an impact, buying today would be hugely risky.
POLY went ex-div with a 5% impact last year and ended up +ve on the day. Gold is going up again $1929, so fingers crossed we'll be back up to the late 80's pronto, which would be great.

A green day today would be wildly optimistic !!
I would have expected a rise towards Ex-Dividend today, so to see the drop off end of yesterday by 3p (almost the dividend itself) was very disappointing.
If the SP stays in the 80s today, it will be excellent, but normally there's a drop off, not to mention the attacks on gold and gold shares.

jointhedots.
A bigger dividend leads to a much higher share price.
Raising funds by issuing shares then becomes much much less diluting.
Is it better to to raise $50m by issuing shares at 140p or 80p.. No contest.
We are back to the days of higher inflation, yield is now all important and growth shares are yesterday's news.
Elementary stuff.
AAZ is keeping hold of our cash when distribution would lead to much more desirable non-lending funding options for new projects.
It has the worst performance and now showing some of the poorest BOD decisions within my holdings.
Just put you in my filter list. Nothing of value or interest in you posts.

A decent directors buy and seal of approval for the upcoming production.

I have just bough CEY, and recently FRES low 700s, lost some money in POLY around 1200 to 1300, but sold way before the drop to 200s due to the invasion. I've also had a position in GAL for over a decade.
As to how a gold company should be, then a fine example is PAF, my largest holding.
AAZ has been pants, is pants, and recently there have been better returns in a Post Office Account. It's our cash and we should have more of it. If their plans are so good then finance can be obtained and their idea that the same dividend can provide good return when inflation is biting is hopeless to say the least.
All their plans might cause a spike up towards 120/130/140, and which point the herd may arrive, and when it does I'm out.

Jointhedots
Let's consider my comment about precious metal's time in the sunshine
Just before the pandemic, Gold was a relatively weak $1550.
The Return on an investment in AAZ since Jan 2020 has been 148p down to 85p with respect to the share price.
Add in the dividends (listed below)means a return of 13.95p
So the return here on an investment just before PM's time in the sun has been :
148p down to 98.95 (85+13.95) a grand return of -33.75%

THAT"S MINUS 33.75% !!!

You can look through my posts on other shares and can see my best returns have been over 100%, just today GLO gave back plus 33%.
AAZ on the other hand IS the worst performing share in my portfolio.
For a gold company mining gold and being cash rich during the best two years in history of the gold price, it has been nothing short of hopeless, and not all the blame can be down to the troubles.

The only conclusion I've come to by joining the dots today is to add you to my filter list.

$0.045 (3.2937p) 23-Sep-21View 23-Sep-21 AAZ
$0.035 (2.5354p) 20-May-21View 20-May-21 AAZ
$0.015 (1.0767p) 26-Jan-21View 26-Jan-21 AAZ
$0.045 (3.4651p) 23-Sep-20View 23-Sep-20 AAZ
$0.045 (3.5739p) 13-May-20View 13-May-20 AAZ

Bought back today with the cash gained from my sale at 39p.
Production is round the corner and I like the way the new CEO is looking to increase resources and formations to mine with the drilling. I'd still like to see all the sales to the penny in the accounts so we know exactly the financial positions. Cheers and GL

The market is also unimpressed with this. 6.4% down.
IMO It's hopeless to bleat on about the Jam tomorrow without rewarding shareholders during PM's time in the sunshine. Tomorrow is today.

$4m dividend..
I can't be the only one who thinks this divi level is absolute pants. It should be triple this level.
"I am very pleased to report profit before taxation of $12.6 million, and to declare a final dividend of $0.035 per share."

Morally.. We should reject this offer, the board should reject the offer, the large holders should reject the offer...
But such is the way of our British greed, yet another good company will be sold off to foreign ownership so that we can nab our short term gains.

Great update, and the dividend seems to have gone up too.
Pretty happy with this.

Yeah, very disappointing considering that despite the recent decline of the gold price in US$, it is the highest it has every consistently been in GBP.
Also lets face it, inflation woes have only just begun, and apart from having the warmonger Putin, the world will be more and more unstable as each country's recession bites.
To put notepad numbers to this.
PAF Market cap = £370m
Expected annual revenue from 200k oz Gold @ £1450 = £290m
Expected earnings assuming AISC of £1000 = £90m
P/E Ratio of 4 !!
40% Dividend = £36m = 1.88p and Yield of 9.6% !
An example reasonable yield of 7% would mean an SP over 26p.