RE: AAU9 Jun 2021 10:06
Just caught up with a weeks posts. Bit of spare cash so did buy a few shares at a nice bit less than 5p yesterday. Not quite sure why!
Watched the BRR video. Didn't hear mention of Salinbas. Didn't hear mention of Tavsan. I lost count of the number of times exploration was mentioned. AAU is an exploration company again with a relatively small production side to fund it. Trouble with exploration in new areas is that the resulting production, if any, is way on the horizon - a decade or more. That's why imo we are stuck here - one off divi which will knock back the SP, doubtful there can be regular divis and a long wait for more production to generate more income - though I guess de-risked assets, once developed further, could be sold.
With Tavsan the most likely next production area, where production is sweet but short, I can even see a point where AAU will need to have money in the bank because income will slow or even dry up.
Whereas I can see a SP jump on the rather belated special divi confirmation, I can't see any immediate driver for SP increase unless POG goes through the roof.
So if I am interpreting him correctly I kind of agree with DJ. Its maybe not a pensioners share!
John
ps didn't know you'd moved DJ. Gave you got to change your name on this board now?