The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Stranger, I am hopeful that your dream about the JV may happen, with construction costs met by the partner. The Rockover shareholders will be keen to get this nto production due to age and given their influence in AAu they will.have some clout. Maybe not 3 years but hopefully they won't be satisfied with a Salonbas style.crawl. Most know I was critical of the current JV from day 1, but political/ Zimbabwe apprehension excepted I see the potential here
Thanks, Stranger. Good thoughts. At a quick skim read I think you are being hopeful that the current JV will produce 50k for 10 years although I may have missed something. I'd put the average over 10 year lower by 5-10 K given that Kiziltepe is nearing end of its lifetime. The production at Tavasan is maybe 300K total, no matter where it is processed? The only other thing is the prospect of Newmont as a JV partner. They have put their share of Greatlands Haviaron project up for sale as it is too small for them so can't imagine them getting involved at Docwe as a partner.
Thumbs up.
It's a hard one Claret. I think today's news could have had a positive effect except that estimates of 3 years have everyone saying 'yes right'. I wasn't too happy about the location originally but a bit of research suggests that Zimbabwe is not the basket case it was under Mugabe. if the resources are as reported, and in fairness AAU usually put a consevative spin on them , then it could be very positive indeed. Unusual.for me to be positive !
Why would Newmont be in creep mode when they are trying to sell the asset? They would not deliberately make the asset less attractive, the opposite in fact. They would attempt to add as much value as possible.
Stranger, LoB
For once I am reluctant to say anything because the RNS is a clear as mud to me. The only thing I feel for certain is there ain't no way on Gods green earth that 25k of gold is going to be produced per annum for the next 10 years from the Kiziltepe plant using only Western Turkey assets excluding Tavsan.
I think this RNS is good news, I suspect that lack of a more positive reaction is because potential suitors are declining to press buy because they are thinking 'Eh?'
Does seem that when it does bounce upwards it does so quite positively now. Then you get this selling into any rise. When the selling stops there should be consolidation at a higher level, Whether that will be 3p is to be seen
Hi Morserouter
I agree, any reasonable rise in PoG will be good for AAU, I personally don't expect anything too dramatic then I wont get disappointed. AAU manages that all by itself!
Looking at PoG price over 10 years we mustn't grumble, especially as that is $ denominated and over the same time $/£ has gone from about 1.7 to 1.25 so that in sterling tern the PoG price rise is even more dramatic (think I've got that the right way round).
I noticed, and with Forest deducted 4 points it can only help but still going to be difficult.
Agree about you 3p bet because any rally will be sold into, but you are being pessimistic about todays price, its 2.07/2.145 at the moment!