Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Nothing will significantly change this SP, or tempt buyers back in, until there is a realistic proposal on progressing from ore in the ground to mining/ refining without equity holders being wiped out. And even then that proposal must be in a time frame to fit demand. Add in Lithium prices down 50% this year and it becomes very hard, when on the sidelines, to get convinced to press the buy button.
Don't know why you bother DJ. I filtered it years ago, Makes me laugh that I think it's that twat who puts a comment, presumably derisory, each and every time I post (which is seldom these days). Doesn't it have the intelligence to realise that insulting someone who has filtered you is ineffectual and a waste of its time?
Merry Christmas and Happy New year DJ to you and yours.
He is brutal and will do whatever is necessary. At this stage someone like that is exactly the medicine needed. Sad that some parts are being cut off but the energy size is just constantly 'jam next year'. The main problems over the last few years now appear to be complacent management as well as the Vanadium price (which of course is outside the companies control. Same with Lithium producers as their product is doing even worse).
Surprised this is holding up as well as it is. No progress of any description and a Lithium price that is constantly falling. Even Gangfeng is down 50% in a year. I have funds allocated to reinvest if there were dramatic news here and check RNS every day, but I feel I will be waiting a long time. Certainly not reinvesting without news.
Hi Truro
I do write with a tongue in cheek but seriously I think that it will be a miracle if we get any money back here.As for denigrating CG then why shouldnt I. All he has achieved so far is fail and leave shareholders poorer. I am happy to hear any arguments to the contrary. Not even sure how liquid the share is with deals few and far between. I wish you, and me with my small investment,.all luck!
Come on Truro, we've talked on the Fox board in the past and on here. Fox shareholders have gone from the frying pan into an all consuming fire. This whole ECOB thing is a con. It floats, is almost immediately suspended, and after it does get relisted there is a total lack of news. You can hear the tumbleweed here. Chris Gilbert is guilty of ruining the savings of ordinary poor people who believed his hype. We've got quarries full of different marbles to match the Italians, we have a foothold in a prestigious Chelsea showroom, we have a London showroom. Rubbish. Now we are making sheds with kitchens that have marble tiles and work surfaces, give us money and I'll make you rich. The bloke should be one place. Jail for fraud. He wont get a penny from me in a fund raise.
Yes but I think that was set some time back. In these inflationary days will it be sufficient? Don't gey much of half a million these days!
That would.need to be researched. What you need to avoid is the mining equivalent of the £1 takeover of BHS from Philip Green by some chancer.who hadn't even run a corner shop before. If a serious team, with both business and geological credentials were to put forward a plan with all company debt written off then it might be worth a punt. It would have support of the locals and the National.Park as they are the ones who look like they may foot the bill for the clear up and other fallout. I say that from a position of not having been involved here, though God knows I have suffered in other situations over the years!
Good to see a post from you 4Landles. Think you and I were Indeed in the minority about Ozaltin. I wish I could just accept it after effectively 4 years but its the loss of asset share that stiill gets my goat. It was a poor deal, and the loss of share at Tavsan alone is far in excess of the compensation received. Is Salinbas economically viable, everyone assumes it is but it is a good point. Stranger makes good points about Salinbas and whether the Kiziltepe plant will be relocated. I have tabled a question to the company about that on Investior Meet a couple.of times but ignored. It does raise the possibility of poor quality ore being left at Kiziltepe when the plant has to be shifted but that is a business decision.
Former
I am not always the most easy going of shareholders but in this instance I will leap to their defence. The commodity mined is traded worldwide in dollars and the company has informed that local currency is only kept sufficient for immediate costs. The Turkish Lira continues to devalue against major currencies providing a measure of immunisation.
What concerns me more is that the history of Salinbas over the last decade has drilling, drilling and more drilling often resulting in 'pleased' RNS results. The presentations that the company releases has implied production from 2026 which clearly is not going to happen. What I as a shareholder wants is a published route to production which they will actually stick to. At the moment apart from the vague throwaway 2026 aspiration we have nothing. I hope someone asks that question at the 'Mines & Money presentation tonight and refuses to be fobbed off by the waffle that often happens,
Stranger
We don't know one way or the other about any help Ozaltin have provided that but your view is possible. We do know that many supported the 'new' JV because they thought Salinbas/ Ardala would be accelerated by the involvement of Ozaltin - after 4 years I see no evidence of that acceleration despite AAU relinquishing in excess of 75% of its interest there.
As for the dividends paid, I reinvested them in AAU. I expect many LTHs did too. My spreadsheet of AAU dealings (there are many) show that the first dividend was paid when the SP was just under 5p, the second when the SP was just under 4p and the last when the SP was pretty much bang on 3p. So you could say my dividend are worth about 50% of what they were!
That's what I meant..Ozaltin is not relieving Ariana of development costs at Salinbas other than funding an $8m drilling program per the new JV agreement. With Arianas record.of loan repayments, employment of locals and slow but ultimatelysuccessful mine development, with Turkish citizens in senior positions and with the 50/50 partnership with a Turkish partner (Proccea) well established did AAU really have to give away assets so cheaply just to get access to finance ? I never was, and never will be convinced of that.
No need for sarcasm Shortarm, that is my opinion and ask you to respect it as I respect yours. Looking at this companies SP performance over 4 years there are, I suspect, more LTHs who have taken off their rose tinted spectacles than those who are continuing to wear them. It's 2 pence now not 6p or 4p or even 3p. The story of Ariana is wearing very thin.
In my opinion Dur Diligence should be being done on whether AAU should be considering investment there, not whether there is gokd there. Zimbabwe is considered by most to be one of the most corrupt countries in the world, ranking 157 out of 180.in one report I saw.
Despite them having a gold medal.in delaying things I do believe that they will start production at our now only 23.5% interest Tavsan deposit late next year.
But there isn't an ice cubes hope of getting Salinbas into product in the next decade un my opinion. Another opinion (for what it's worth).is that Ozaltin, being the controlling partner in the JV, will insist on fund ing the production plant out of Tavsan profits - in much the same way as the Tavsan plant was financed from the past few years Kiziktepe production. In other words I think there is a question mark over regular dividends rather than the special ones paid and long gone.