Member Info for in4cedros

mikebassetts - I think that might be a ' Ten from Len ' !

Knowall - apologies for not responding earlier to your Thursday post 14:56 - I've been very busy lately - was that you asking the last question on the YouTube video that Mike kindly provided the link to Yesterday - can see why you struggled to put a name to me LOL!

Good to see these matters being handled in a timely fashion.

zaps - seems to me company are doing all the right things - including recent presentation flagged by Fred Basssett. We await Zac's results and mine production- air of confidence exuded in presentation - bashers usually quick to fill a void !

Thanks again mikebassetts for that video - great watching - including that tease over the geological reports in Zac's top secret file with the smiley face! Didn't realise ELD had spent circa $9 million on Salinbas - probably not news to you Levi but does no harm to restate these facts. For those keen on the Tailings Dam at RR good to know the groundworks have an estimated 15 year storage capacity - worth making sure the concrete was correctly cured!!!

Levi - you were so enthusiastic about Salinbas, even when we only owned 49% and you were bothered that ELD weren't developing it in accordance with your expectations - now we own it all and control development - a great move by Kerim, even though we have to finance the proving up. It would be a great shame if your previous, almost unbounded, enthusiasm were dented by the realisation that this is difficult territory plus a few photos that 4kandles did not share with the bulletin board! When we have more information about the grade of ore at Salinbas investors can better judge whether any terrain difficulties are an issue - better grades will almost certainly overcome most terrain problems - especially If Kerim finds Bonanza Grades like he has done on RR!!!!

Levi - I don't claim to know the operation of your mind I only attempt to interpret the information you post but I'm pleased your views are actually more in accord with Kerim's than I believed to be the case hitherto! Just to evidence why I may have formed my original conclusion here is what you posted 03/12/2016 - ' I agree re' Salinbas, it's our BEST ASSET but unfortunately it has become a stranded asset and appears to carry little or no value'. Levi that was posted when AAU only had a 49% interest in Salinbas valued by Beaufort at 0.36p per share so I think that says a lot about how you valued our second best asset RR ! As I suggested earlier glad I just misunderstood your stance and that you are clear it's RR with fantastic potential Salinbas as the tack on!

Tracy - couldn't agree more - in fact I had to check again to make sure I wasn't the author! I expect the company to run the business in accordance with their stated intentions - if they do that I'm fine with that - I don't blame them for the SP as clearly at times that will over value or under value the business- if that were not the case shares would just follow a straight line on the chart and I haven't seen many of those! Many posters seem to come up with their own idea about what the company should be doing then criticise them for not following that course - Levi you are a case in point as previously discussed - you saw AAU as Salinbas with RR tacked on whereas I value both but recognise that priorities are the other way round and that is the way AAU appears to see it. I believe words only have a limited effect - without deeds confidence in words diminishes - so even if Kerim were to go on a PR blast without the dore it could be dire! Good luck to all here even those who might want to attempt to walk the price down for a lower entry whilst we await production numbers and well done again Kerim!

Knowall - your description ' wonder share ' appears apt, at least for you, as I have to ' wonder ' how you managed to slip through the normal strict scrutiny process to become a shareholder here! I am subject to Kerim's trance which means I'm still congratulating him for his achievements to date rather than trying to have him sacked for a delay in mine completion beyond his control knowall! I expect many shareholders are disappointed the SP has not raced ahead lately but the potential here is more than enough to support my continued involvement whilst I await Kerim's next announcement on the progress of the new mine and developments elsewhere. If that is insufficient to generate a flurry of interest from new buyers I'm having to suck it up at the moment as there is no point in releasing production results until the mine is operating at something approaching consistent levels because, inevitably, investors will always forward project on whatever they have and post it on here! If the current situation doesn't suit you, as a claimed experienced investor, I'm surprised you haven't sold already - perhaps that is the real ' wonder ' of the post! Whilst the dore's continue flowing here the door to shareholder exit is in your hands - unless the Kerim hypnotic trance has worked on you after all - scary eh!

Oldnic - do you think they are clearing the decks for some big action post the recent rns announcement ?

I see the EU are not too happy about his efforts to ramp up sanctions against Russia over Syria.

Tracy - I'd like to think that was the case but It seems Proccea have already loaned to the JV when originally they were only up for equity stake and the comments about repaying bank as a priority didn't suggest to me that Proccea would be falling over themselves to stump up more cash for us or allow any of the dore money to be released to us. The above is pure speculation but I hope it explains why I will be looking for more clarity in due course - I don't fault AAU for not telling us these things as I haven't written to them to ask the questions.

Deano - I can't agree on retrenchment as the economy will continue to function after the election - Turkish company will still want to mine dore's to repay Turkish bank and employ Turkisk people in the process.

Election next week.

Levi - the uncertainty regarding funding is a factor closely associated with the production figures as we have been told that most of the dore's will be making their way to the bank to meet the loan repayments in the shorter term so Kerim needs to tell us what the plan is to raise cash for development - borrowing or placing. I'm not against a placing particularly where it can be shown to be growth promoting but not everyone shares my understanding on here!!!! As I've mentioned before Kerim may be able to borrow if he can demonstrate some cash flow from the mining - perhaps there could be a case for a rights issue here if borrowing doesn't suit - special rules on AIM for such measures up to 5m euros, I believe.

Some good observations recently - I'm not surprised at the lull here whilst we await production figures as they will be important for investors in evaluating the risks and rewards of this share. The most recent info I have is from 4kandles 03/04/2017 telling us a company representative had advised ' Production has been progressing well with the initial lower grade ores. Zack said the factory has been running surprisingly well. They have already shipped several dore bars to the refiners ' . That is an improvement on the one dore bar Kerim was cuddling so augurs well but detailed figs are needed. However such information release has to be carefully handled because commentators are inclined to make projections based upon them and don't always give sufficient weight to any down time and low ore grades/ clay in ore content caused by wet winter etc. I therefore prefer to wait for figures rather than have an early release of figs needing to be qualified for the above reasons because bashers will be quick to capitalise on any weakness as they tried to do when the mine was delayed, if I remember rightly!

YouTubeAnalysis - presumably that SP prediction takes account of a fall in POO to say $5 per barrel and another 10 Placings LOL!

Wongo - interesting take and you are entitled to your view - I might suggest the heightened tension may stimulate more pressure at the UN to reach an early solution but who knows for sure !

Tracylied - superb last 2 posts - company gets on with the business whilst people argue about the merits of their personal expectations of what they believe the company should be doing! There appears to be an expectation of some PR hype to boost the SP - I think that is not needed - this will sell itself once some decent official figures come in for production because investors will take confidence from them and factor in that the best ore is yet to come - bonanza grades !

NMH - I think there are many quietly confident holders here!