The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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!
Crikey. Just had a quick look in here for the first time since early March and WW3 seems to have broken out.
You 2 have had a fine old chat, shall we say a frank exchange of views. I normally get upset and challenge point by point when I feel insulted but my investment here is almost certainly miniscule compared to Bluerills so I won't.
Bluerill, this is a scam. For scam you can read deliberate mismanagement by competent individuals for their own personal gain to the detriment of others, or the running of a publicly quoted company by well meaning but ultimately incompetent numpties who couldn't run a corner shop. That is an opinion based on considerable experience with AIM companies, and this one has total loss to current equity holders writ large all over it. In my opinion you are going to live a world of pain for however long it takes, looking for an RNS every single morning of your life from Monday of Friday at 7am until the inevitable happens . I genuinely hope you aren't in too deeply, and I also hope you think twice before investing/ gambling more funds, but at the day that is your choice.
I bid you farewell, I would prefer it if you filter me if I'm honest although I doubt I will post again.
And I'm still trying to work out what sh**canned is!