Member Info for GradeController

Spain already takes Nuclear from the French grid,,,,,,,,

and who provides nuclear fuel to France ( now in greater quantities since Niger was closed down ),,,,,,, yes Russia !!!!

It is clear from Ribera sarcastic tones that she has Russian friends,,,,,,,

CEO Michael R is not the slickest of presenters, but technically he really knows his stuff. CFO Billy compliments him well and has his finger well and truly on the financial pulse, but also understands the business well. We must remember that these two will have been highly involved in the acquisition process of all the add ons they have done over the last year or two.

Certainly there have been a lot of traders chasing up the share price ahead of the release. and the rapid 25% + decline will have been triggered by their run for cover. Personally I see the results as solid and the stock is very cheap at sub 150p. I get the impression that TIG will continue doing what they do and will probably not see sustained, substantial upward movement till someday a takeover comes along.

A great business with a very good Board with a great deal of skin in the game and some very solid shareholders who identify that a big reward will come in due course.

I cannot work out what all the Hullabaloo is all about,,,,

I'm going to leave a week clear in my diary and will attend next years AGM myself

Meantime I will sit tight in my shack in Mauritius

Unlikely tht the deal will be closed in Nicaragua by MC.

I have respect for JM judgement of what a fair price is and interested parties will realise that they will have to pay that price to secure the asset. The gold price has appreciated considerably since the sale was announced, which has probably spurred interest, but has probably prompted JM to raise his expectation. Part of any negotiating process is conditioning bidders and resilliance and time are resourses used by a seller to achieve a favourable price. I have every confidence in JM to deliver a good outcome to shareholders. Patience is required.

""" Take it from the RNS, that one interested party has withdrawn. """

Or told by Condor negotiators that their offer is not of interest,,,,,,

In negotiations of this nature it's sometimes necessary to play hardball

The bidder may well come back to the table,,,,,

I am extremely surprised that J.M. made the statement " very very close ! He should have realised that it would be splattered across these type of platforms and if I was the other negotiating buyer, noting this it would give me a very good insight to where Condor would settle. He might have just lost out on his final play, unless the value had been agreed and " very very close " was down to dotting i's and crossing t's or legal tidy up. Time will tell ! Not really time for excitement !

I could not agree more although it may take a bit more time for equities to reconect. The up-cycle is coming ! Having been a holder for a long time I share everybody's frustrations. The best things in life are always worth waiting for ! Further patience required, the rise will come. DYOR.

Well said CCC

I would like to attend the Pary's Mountain visit on 10th September. Could somebody advise how I can register ?

CP52 ,,,,, All boxes ticked. Just a little patience required now, St. Andrew's day is coming !

Munchbox, SGZ although only 9,000 oz / pa, their costs are the lowest in the industry. Capital payback is rapid and with exploration funding now coming from cashflow, there will be a steay flow of positve news. Then of course we have stage two which will ramp up pretty quickly. I'm in CNR as well, which has some short term spec gains in the offing, certainly an intersting time to be in there. However SGZ has both short term potential gain, and as a very solid and well managed operation is an excellent longterm investment.

Bellers, forecast for Thursday and Friday is crisp, probably good timing for processing build up !

Off the cuff, but I can say with some certainty that SGZ costs will be lower, both CAP & OPEX. SGZ will also achieve CAP payback more quickly. No comparison to my mind, SGZ is a small, high grade, tight operation.

Guys, As a previous holder, I've been keeping an eye on your forum and I'm sorry to see the way this is continuing and don't want to add any more gloom by commenting further. Good luck anyway to you all. Happypennies asked for suggestions and I put forward BKY, a Uranium project which is moving fast in Spain. It's slipped back a biit recently, but IMO it has everything going for it. DYOR and take care.

I believe the mine has been producing more ounces than stated since the restart whenever that was. The transaction with Monurent is unclear, but what I do know is the cost to Monurent, little more than a year ago would have been well in excess of US$40 million. Over 50% could not have been written off since commencement, so either Monurent got a very bad deal or MNG have taken over lease or finance payments that have not been disclosed. In that case Monurent may have got a reasonable exit deal. Although contractors have to or try to make a profit !!!, they are generally more efficient than Owner Miners, unless the owner miner has brought in a leader who has a full operations and maintenance team who have worked together before. MNG have no experience operating a heavy Komatsu Mining fleet, their other operations deploy small equipment and tipper trucks. To operate heavy equipment there is more to the philosophy of planned maintenance than simply operating until the equipment is run into the ground. I have seen it many times, production, production, production till wheels and tracks will no longer turn. It is possible to do it with new equipment, because being new it is forgiving, but wear and damage is taking place and the price will be paid in the long run. Somebody mentioned that the company is being recapitalised. It may well be, but it could well coming out of the company's own revenue. I suggested some weeks ago, when we heard that processing had been restarted, long before any announcement, that gold revenues could be channelled to other operations in Liberia, quite easily. Now with the MNG local entity taking over the mining operations at New Liberty, anything could be going on and I fear that the remaining minority shareholders will be the losers. MNG are very much entrepreneurs, not Miners as the investing public understand them to be. I sold my AUE holding a week ago and I was lucky to get my money back. If I'd been a trader rather than a long term investor I could have taken some good money out of it when it was up at 7 or 8 pence, before the environmental debacle. The Reading regime was one thing, now the MNG one is another. AUE is still a single mine company, but now operated by Turkish entrepreneurs and I think they will look after themselves. I have other investments in Gold and other minerals which have much less risk than this company. I'll keep an eye on AUE and this forum and wish everybody good luck meantime.

I don't pretend and I'm not a shorter. We've all been hurt with this stock and we all comment. Either accept my comments or ignore.

Monurent have provided the Mining fleet and that will include the additional equipment reported by AUE to being mobilised to New Liberty. MNG will be doing everything they can to break the contract with Monurent, to cut out a middleman. I very much doubt if MNG have the experience and knowledge to maintain a quite substantial Komatsu fleet. They would have to take over the financing and that could be some US$40 million. Their other operations are operated with little diggers and tipper trucks. Have they bitten off more than they can chew. Next few months could be interesting.

Hello, yes, I'm still here, but been travelling, apologies for delayed response. I have been watching the slide and think it could go further down. I'm not sure if it could gain strength to turn around and climb again. The website states II's hold 22.3% and retail 22.7%. Top shareholders are stated to be MNG at 55% and Henderson 3.2%, something not just quite right with the reporting. IMO, MNG have two options: 1. Take advantage of their control of a LON & TSX listed company and inject their other operations / companies into the publicly quoted vehicle. 2. Take advantage of the remaining shareholders, drive the share price downwards and take AUE private, giving the shareholders a pittance when their % holding takes them to a compulsory takeover situation. My earlier thoughts were that they would opt for the former, but I am now sceptical and we could see the price slide to 1 pence and not recover. They appear to have downramped with their stories of testing plant modifications and equipment availability. I have from reliable Liberia sources that process plant is at full production and I fail to understand how equipment availability can affect gold production when there is three months ore on the ROM pad. I therfore suspect that they are simply downramping to achieve option 2. I bought AUE at 2.75 eight mobnths ago and am still a holder and might conside picking up more if they get to 1 pence. I always reckoned it was a gamble and it has tested everybody ! MNG are still holding out on creditors at their own other little project in Liberia. Are they out of their depth ??

It appears that I may have contributed to the fall back in the AUE stock price and if this is the case, then I should not have shared my findings, perhaps I should have kept the information to myself. There have been comments made that the forum should not listen to gossip about MNG not paying their bills and that it was rediculous deramping. Believe me it came from a close circle of business associates in liberia, and neither was it intended to be deramping and I regret any panic that may be attributed to this. There certainly does seem to have been panic, whether induced by me or not and the share price has retraced. The stock market is a fickle place and investors can easily be influenced by news and upward or downward paranoia. A seasoned and experienced investor should be able to look through day to day events or newsflow and each piece of information received should be added to the full collection of research and experience that the investor may have on the particular company. I have quite a number of different mineral resource investments in different markets around the world and it does take time to keep up with them all. I spend an hour every few days reviewing each investment and do not make hasty decisions. There have been some spectacular gains as the industry comes out of the low ebb times, conversely some have not yet performed so well, but will probably do so in the near or mid term. All resource stocks are on the up, particularly gold and some move more slowly than others. This year AUE for a short time appreciated three fold on my average entry price of 2 or 3 pence and given time it will rise beyond well beyond the 7 or 8 pence it briefly reached before. Investors need to live with traders, bots, derampers, CR's, Ebola, delayed construction, incompetent CEO, plant malfunctions and environmental stoppages and everything else that Murphy throws at them. What goes down will come back up again, given time and patience. The future for AUE is much better than the 4 pence that is offered today and buyers are benefiting at the moment through panic selling. I encourage those who are considering selling to rethink and if they still want to proceed with a sale, at least, don't take what the market offers, pitch your sell orders higher to drive the price up and get a better deal. If we as a forum put our mind to it, we could drive the price up to 10p quite easily by working the market with high sell orders then pull them and place higher as the market moves up. Why don't we stop selling and try driving it up,,,,, I think we have quite a big audience and it could be quite possible.

MNG are not experienced corporate world class miners, they are an entrepreneural organisation from Turkey. They are bottom line boys and 0242's post below is bang on the button ! I will not give them the opportunity to buy my shares at deflated levels. We can make our own market, pich them high, pull them and keep moving them up.