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A joke, and not a funny one. Scam written over this from day one and the miraculous rising of Fox marble from the ashes. Are they even pretending to quarry marble now? No? So they are changed tack and are pretending to make ticky tacky prefabs instead. Does anyone honestly take this seriously and think these shares here are an investment that wont go to zero?
Same here skipjack I rarely post here Following the Investor Meet this was my feedback left:
I am pleased to have Craig in this position. He seems genuine and realistic which unfortunately we investors are now learning had not been the case with the previous incumbent in the past few years. Obviously previous management did have its shortcomings shown by external operational difficulties and poor vanadium price, but I feel the Craig is more likely to be able to face such challenges. He says things as they are, not things he thinks we want to hear. I am quietly confident that with a few lucky breaks Bushveld can get through this to a far better place. Thank you Craig.
10p? That much! I only look on here because I believe this is where news will be posted in the unlikely, sorry very unlikely, event that Fox Marble will win the court case. I'm not holding my breath. Anything associated with that nice but dim muppet Gilbert is doomed to failure. ECOB never even got out of first gear, in fact I'm not even sure the engine was started. Total scam.
Fair assessment. I am here for the long term
Looks a satisfactory if not earth moving update. Anybody agree/ disagree?
Ps. Anyone who bought more than 15 years ago are massively in the red. That's what you call a Fun Fact.
Anyone who bought these shares 15 years ago paid exactly the same SP as they are today. I'm sure any such 'investors' are happy with their decision and reassured by the twitter ('X') photographs of several worked out pits - or maybe they wonder where all the income from those pits went other than on Board salaries, pensions and perks?
Always good to have you back DJ!
Thinking much the same. When do predators start to take interest? Now sure whether I am looking to invest further, but I don't really want to sell either.
Hi Van
I would be more than happy at that for a policy. There seems so many projects that the danger, which I think we are seeing, is glacial progress across the board. I support the idea of adding value to projects and moving them on, but apart from the historic Lithium example when has that actually happened? In fact it is such a long time ago that it was before I invested here, and I have been around and moaning for donkeys years (as others will no doubt testify). The other problem is that due to the JV giveaway AAU lost control of all the non l:eopard Turkish assets, and are not in a position to dictate pretty much anything. How I still regret that deal.
Thanks Van. Quick read implies to me Tavsan = regular divis (potentially), asset sales = special dividends.
Hi Van
Not sure which presentation you are referring to, the last pdf rather than video (which I find tedious to trawl through) from April 2022 shows 50k in 2025 followed by 50k each year thereafter starting 2026. But since effectively sod all has happened there since I have a sneaking suspicion that there will be no production of 50k in 2025. Or frankly this decade.
Thing I meant 30k not 300k unfortunately! Sorry
Well mid 2024 would be very early Q3. Not so sure that will happen! But I am hopeful of production in 2024 and I suppose ewe should be grateful. Still wish we had 50% not 23.5%. Think of the cash flow from 300k production for 10 years with at least $1000 per oz margin.
I do think SP will improve but not as much as people hope. This mine coming on line is well documented so will not be a surprise when it happens. Did first gold pour at Kiziltepe cause a spike? My memory is that it made precious little difference, though I may be wrong.
Hi again Van. Further to what you were saying earlier, this might give you a laugh.
I found a Word document on my laptop with notes of questions I wanted to ask at a London presentation in, I think, December 2018. One question was:
Tavsan: Is that still on schedule for production in Q1 2021 per May presentation?
That goodness that Ozaltin has allowed accelerated progress!!
Hi Van, I was being a bit more optimistic with my production numbers than I really feel because I didn't want to appear too miserable! There seems to be a lot of comfort being taken amongst some investors in the prospect of 2 producing pits, but when it comes to it Kiziltepe appears to be about done now. The plant is there so costs should be low but I can see production there declining fairly steeply each year from now
Hi Stranger. But why are they selling if the share is undervalued? I keep asking myself that. One explanation would be many sales from ex Starvest investors, but looking at todays trades not many were other than round numbers of shares. If people are dumping ex Starvest shares they would very probably be anything other than round numbers. I agree that AAU looks undervalued, although I was saying that at 4p - in fact I sold many shares above 4p then started buying again when the SP descended below that level. O dear. Any prediction of 2024 production? How about 14,000 oz from Kiziltepe and 4.000 oz from Tavsan? Maybe have a sweep like the other board is keen on!
LoB I suspect 3p to be many peoples exit point, so that barrier wont be do much as hurdled as laboriously scrambled over. Personally I don't have a problem with Dr S, the dodgy expectations and timescales sown may come from his mouth but are the Boards message. I think MDV should go, and get some new blood, but that wont happen with his shareholding. I would like Dr S to be Technical Director with maybe a new CEO focussing on running the company and avoiding anymore poor JV giveaways.....
Hi LoB. Pretty absurd, but even if the SP was safely underpinned by, say, 2.5p it has been a pretty lousy 'investment' for the majority. Too many projects, consequently too little progress on all, promises about a new JV that have never materialised in the 4 years since it was proposed. Jam tomorrow.
I don't Stranger but then again I don't feel I have to have crossed the channel on a rubber boat to have a view on Rwanda!