The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Trouble is that wwhen the shares are illiquid, like AAU is, very few would havr been able to sell a significant number at 6p without causing the SP to plummet. Of recent years, and I mean years, every new price is a buying opportunity , but a few weeks after is an opportunity at even less. I do blame the BoD. MDV has been chairman for far longer than is considered desirable for good governance, and he is hard to shift because of his shareholding. The CEO and geological spokesperson sits in Australia and a different bloody hemisphere from the main assets. And we need another prospect in the portfolio like we need a hole in the head. Just seems to me that Sener gets bored and needs a new toy un the toy box while losing concentration and interest on the ones he already has. How long have they had the great white hope Salinbas which of course they gave away control of.
LoB it's not one seller it many sellers exiting because this has turned from an appealing share to a typical AIM no hoper that is a lifestyle company for its board. If it was a big seller, a theory that has been put forward in the other board for years tben they would have cleared their shareholdeing years ago or would have had to issue RNSs as they crossed bands of holdings. LTHs are getting out. And who could blame them.
worse than pathetic. the ozaltin deal was the poor politically motivated deal i thought it was at the time it was announced. wish i'd exited years ago, this whole situation has become over hyped.no progress at salinbas, over 50% intersst lost in productive resources after virtually beibg given away, complete mess in cyprus and several investments in politically worrying territories, turkey included. this **** show is back to the 1.5p - 2p range of 10 years ago..
I can't decipher some of the prose in recent posts, having not picked up on this until recently. Sadly I don't think there is any chance of there being anything left for equity holders. The project may survive, with a much changed balance sheet after being sold off by administrators or through a liquidation process. If not then someone has to clear up the site in what is a National Park. Not sure who would foot that bill but it would need to be done for safety let alone (from what I have seen) aesthetically. Sad situation, my commiserations as it is a project I may have been drawn to had I known about it. GLA.
DJ
Hope you are doing well.
I'm not really suggesting I expect AAU will rescue Scotgold, or that I think they should. I just noticed SG was suspended, recognised the name of the co-founder and had a cursory glance at it. Read their last presentation from 2022 which at an operational level it seemed to have a bit going for it - in production for a start rather than 10 years away!! Quite reasonable reserves and low cost. Didn't (still haven't) look at the financing but obviously judging by recent news for them they didn't get the geology right and I assume a lot of expensive debt (not sure if secured or not). Geology of course is where AAU seems to excel plus CS must have as deep a knowledge of the SG as anyone. I would be surprised if AAU hasn't looked at it. A purchase from the administrators/ liquidators debt free could be viable? I leave that to the AAU BOD, in fairness if they felt it was good I would believe them, they aren't daft. Maybe I am just attracted by having some more production in the bag since so much was given away at Tavsan in the disastrous Ozaltin deal.
Hi LoB, think you are misinterpreting me. Not implying anything about the AAU boards honesty, even if I sometimes question their judgement!
Seems to me that a promising company, which coincidentally is well known by one of the AAU board who I think is a Royal School of Mines geologist, seems to be ripe for the picking . I just see it as potentially a big opportunity but admit I may have it wrong,
....or has anyone else noticed the latest RNS on 16th October from the now suspended AIM quoted Scotgold. A company that Chris Sangster Co founded, and was still involved with until Feb 2021 as a non exec. They have an operation in Scotland that seems to be low cost and was thought to have a significant amount of gold. However recently seems to have taken an unexpected turn for the worse and are in negotiations with an Investor rather than go into administration. Am I just being hopeful here?
Release a statement about a possible.offer at 5 times the current share price then at close of play 2 or 3 days later, after the share has bounced off trebling, find its totally collapsed. Will anyone look at people who bought at the beginning of last wee and sold before Fridays after hours announcement? No, thought not. AIM reaches a new low, didn't think it possible!
Amazon and Tesla aren't real companies then?
We all complain about JDWs share price, if dividends were paid the share price would be lower as funds would have been dissipated. As it is the 6 months SP is down 20%. How low do you want it?
another pathetic day in pathetic ariana land. as i said 4 years ago pretty much to the day, as a rather lone voice while everyone else whooped and celebrated the board of directors brilliance, the ozaltin jv was a **** poor business deal. did anyone vote against the deal except me? hands up anyone who wishes they had now?
we have given up , by my back of the envelope calculation, over 80,000 ounces of gold (alone) at kiziltepe and prospectively at tavsan. so $80 million lost profit for 25 million dollars receipt was it, less legal and other costs which themselves seem to run to millions? as i said, pathetic. this was a political deal, to keep ariana safe in turkey despite already having a turkish partner in proccea. i hate that, may as well do business in a corrupt african state if ariana has to effectively give out the huge bribes it has, because its now obvious that giving away 76.5% of salibas as well for equally sod all has, if anything, caused that to slow completely to a halt.
JiffyBag makes a l lot of sense to me. Why would NM want all of GGP with the inclusion of the exploration targets that implies? They may well want 100% of Havieron which together with Telfer makes a nice package to operate or sell on. If that is the case there is no knowing how much of the price paid for the 30% would be passed by way of a dividend but should result in a fairly full valuation of GGP in the market. Shareholders may then choose to run with GGP and its remaining as yet unproven projects or exit. In that scenario I would most likely choose the latter.
Bullish
The management are perceived as greedy and totally incompetent because of the farce following the restructure. Because of them investors who believed the BS are heading for the exit door at every single opportunity presented to them. And as just noted you cant even get a quote to sell, and I mean any quantity, not even 50 shares. Believe me I've just tried it out of amusement. Worth about £15!!!
Yes Joe, after being starved of investing in this gem of a share for nearly 3 months you'd have though that Foxy and his pals would be filling their boots at this opportunity. You don't think they were company stooges do you?
while a return is unexpected i also need to note 2 things:
1) the price is 1/3 of the floatation price of 55p. wasn't it about 25p when suspended?
2) my broker iweb wont even quote on it suggesting that it due to is do ' the asset no longer meets their policy or due to a change in regulation'. so it may as well still be suspended.
i still think it is a crock of ****.
Joe
There really are some people on here who don't think they have been fleeced and have not lost every penny! Time will tell, and I will be happy to apologise if I am proved wrong, in which unlikely event I will also get some of the small amount of money back that I gambled.
I put gambled because the word invested is not appropriate with anything associated with idiot Gilbert.