Member Info for johnpwh

67.5 p in my earlier post. Sorry all to get you excited

Don't beat yourself up young Foz
Last time the extension took place the RNS came out at 7am on the deadline day. This hasn't happened. Whether this is significant or this silly old fogey clutching at straws remains to be seen

Yes KLUCK, same for me. Sadly I cannot see how any offer has any chance of being am improved one since the GF S/H meeting approved a single cost figure that related very closely to a 69.5p offer price

Bond bug. Now there's a classy Brit classic.
Does anyone know where Ash is, he was a valued contributor here?

Hi Van
I do appreciate that, but 'hope to distribute future dividends' is not the same as 'we are going to'. Despite all this recent news the SP has been been going sideways or down for a considerable period. As I said I bought more the other day, but is the market right or the bullish shareholders on LSE and Advfn (though I have noticed a certain amount of dissent in their ranks of late)? I am expecting this to be a successful investment, but have no expectation of it being the spectacular multibagger that we once hoped.

Take your points Van, though I think there is no evidence yet to support a regular divided. They always hedge in interviews when the question of regular dividends are raised - you list many projects, but many are in early stages of development, and I imagine the reduced income from lessened equity in the JV/ declining grades will mean profit will be largely used to reinvest in the exploration of these projects. Clearly when Tavsan is fully in production, and its development loans repaid, there will be more scope for such things as divis, but that is 4/5 years away.
In the meantime todays production update hasn't exactly set the share alight - either in terms of SP or deals done in the day.

I guess this link may not send but here goes:
https://www.msn.com/en-gb/money/other/boris-johnson-trade-adviser-expects-chinese-bid-for-uk-semiconductor-firm-will-be-blocked/ar-AAMCkPU?ocid=mailsignout&li=AAnZ9Ug&pc=U591

Yes Van, just watched it.
Noted the explanation about a fall in profits (4.7 vs 6.9?) to 31/12/2020 compared to the previous year. My earlier opinion about Dr S and MDV potentially making great politicians comes to mind in the implication that the drop, because of grade reduction in the period, will be addressed by Increase (doubling) mill throughput. Two things:
1) We are well into the 3rd quarter so, given the time needed to ramp up production due to the availability of the second mill, increased throughput will only be for a maximum of , say, 3 months in the year to 31/12/2021
2) The new JV agreement completion was announced on 17th Feb 2021. To me that means that AAUs share of the Red Rabbit production in the year ending 31st December 2021 will be very much nearer 23.5% rather than the 50%/51% that it was under the old JV that was in force during the prior accounting year ended 31st December 2020.
I may be wrong here, I'm certainly not infallible, but if what I have said is true then profits from production in YE 2021 seem logically likely to be reduced again compared to YE 2020. If true then this should in my view have been pointed out by Dr S in a fuller answer.
Bottom line is that is that doubling throughput while halving JV share, other things being equal, leave you standing still over a full year when you only have one productive asset.

To paraphrase my Monday morning message:
End of another week when, as was likely, nothing happened!
Have a splendid weekend chaps and chapesses

yep Van, great minds....
To qualify I mean 'Yes' Peter will get the dividends (if he holds on to his shares) not Yes he's missed the boat!
Too much sun today I think. I cycled 12 miles each way to my voluntary job at The RAF Museum at Cosford, and working in the hangers in heavy cotton overalls wasn't much fun either. I believe several bottles of cold beer would provide ample therapy and promote recovery. That's my excuse anyway

Hi Peter
The answer is yes, each part of the divi by instalments will have an xd date associated with it, share purchases prior to those xd date(s) will get the dividend in question. All purchases on or after a xd date does not get the dividend (and you can expect a share price drop on the xd date approximately equal to the dividend being paid). No xd dates in respect of the special dividend instalments have been announced yet so the shares are 'cum dividend. Hope that all makes sense

Well there has to be something on 29th July or before?

Hi Van
Good to here from you. Its nice to have a poster who I can put a face to ..... most the other posters I have an image in my head of , some would be surprised!
Yes I watched the live webcast, but not seen anything else. I saw the answers to the questions addressed there. As I said earlier I thought it professional. But afterwards thought that MDV and Dr S would make great politicians because as much wasn't said as actually was said.
Have I got it wrong that the total special dividend is a total of 0.7p paid over 3 tranches (with 0.175p paid in 21/22)?
I have no plans to abandon AAU though my holding is now far more sensible than it once was. In fact I bought 150k today, so must be feeling bullish

Claret
You should have reminded me - I'm nothing if not a man of my word!
Tonight is my Covid tipple of choice has been Oakham Citra, I think I kept them in business single handed over the last 18 months!

Sureasblazes
You must be a newbie to AAU. The rest of us old fossils have been here for donkeys years and would have been astonished it the SP had gone up in response to a positive RNS!

Hi Claret
Seem to remember a target for AAU once, that if met would see me coming up North and buying you loads of drink - trouble is I cant remember what it was!
Yes, I cant get too steamed up about the payment by 3 separate tranches either, especially as they span 2 (UK) tax years. That is good news for some in terms of tax liability, and I cant see who would really be disadvantaged. More of a question for me is that if a 0.7p special divi represents 50% of the net proceeds from selling out such a large proportion of our assets then what were the taxes/fees/expenses? I will have a look at the figures when I have time but given that many had pencilled in 1p then it seems a big hit.
Salinbas....hmmmm. Its the multi bagging hope, and has always been regarded as the big one (at least before AAU practically gave away 76.5% of it, but I think I have said that enough times now). In my opinion it will take more de-risking before we can get a decent price (for the 23.5% remaining, whoops there I go again).
Very pleased to hear you are well and enjoying your football. At the end of the day its really only the simple things in life that really matter isn't it....who needs wealth?!

:-)

Well as you've probably noticed, I've become the posting cynic on this board. I should probably start every post by shouting 'unclean' and ringing a bell.
Despite the impression I may be giving I think this is a very good company, concerned maybe by the reliance on one gifted individual and how that talent is being diluted by there being so many pies to dip his fingers in (or too many plates to keep spinning, or whatever cliche you want).
The problem I see is that the many projects will reach fruition way in the future. and we could face a situation of SP stagnation at the post xd level for several years before it all ignites again. Others disagree and to be fair you'd best listen to them - one thing I have learned over many years of 'investing' is that I am normally wrong

Ha ha
I don't have that problem.......yet!

Mister E
I know i am being increasingly miserable as a human being but I fail to see why you would cut and paste something that is available on the RNS tab of this site. Everyone interested in AAU would read a new RNS immediately after logging in.