Member Info for johnpwh

....depression here. Even ADVFN is quiet!

Yes Fox, I have still the balance of shares I sold Monday if I fancy a quick 30 day rule profit! Obviously we have seen LAC come off nearly 25% since 19th Jan which won't help. Could do with a positive/ reassuring RNS to steady the ship but I'm not holding my breath.

Think the question at the moment is whether this market correction gains traction. There's not much blue around at the moment, that's expected I think apart from companies who have issued upbeat update RNS' today (I saw EUA). I look at Asian Metals and saw that Li related commodities still seem positive.

tf
Thanks for the reply, interesting. What is your opinion?

The US markets are somehow higher than they were just before anyone uttered the Covid word, which seems to defy logic and may sharply correct. Despite the fact that the same bullish performance cannot be said of European Markets, if America catches a cold, then so will Europe.
The US markets are down around 2.5% as I write. Cant say I'm not worried, I'm no chartist but in my bones the US market has been looking like a bubble, uninterrupted even by the Democratic victories in the Presidential race and the Senate

Fozdog
Re added 10k at around 60.9p. Was it a good move? Find out tomorrow!

....not me but BCN today. I felt reticent about selling 20% of my holdings on Monday at just over 65p. Kind of wish I'd sold more. Don't fret, I've not lost the faith, just a bit chastened.

In theory yes, of course they can. In practice as a bondholder would you, not knowing what assets there would be to have first call on if you delay by 2 years? And if as a bondholder you did agree to extend what price would you extract from equity holders - would you be kind or go for the jugular? I know this post will be unpopular and I will be called names by the many rampers here, but I suggest you think about it

Pretty good summation Ash, and more or less what I have felt for a long time. I don't see the point in a large one off dividend without a regular one to follow. In fact I'd vote to stop the former altogether and go only with the latter. The special dividend will just reduce the SP and annoy the hell out of some shareholders by effectively switching from CGT (which can be planned for) to income tax (which can't). It may itself cause selling pressure (maybe already has) before and after 6th April 2021 as shareholders use CGT annual exemption in 2 tax years rather than be hit by all that additional income tax from the special divi in (presumably) 2021/2 alone. If that is the case then that is one reason the SP could be pressured over the next few months.
I have never liked the massive depletion of assets and loss of control just as AAU/Proccea JV became debt free at Kiziltepe. The next productive asset, other than the short but sweet Tavsan, will probably arrive as my grandchildren are well into their schooling - I haven't got any grandchildren yet! Who knows for sure if Salinbas, although in theory extensive, will be economic to mine? And as for Cyprus....
I am guessing guidance for this year will be sub 18k ounces, with AAU due just 23.5%. Margin at an operating level of say £1k per ounce. Is that sufficient to support a regular dividend?
It may be unfair to say this but I can just see us going back to endless RNS' about drilling programs with 'promising results' that caused the sideways movement of the SP between 2013 and 2019 - because AAU is once again primarily an exploration company.

Need some positive news here else I can see this downwards drift continuing. Without it I cant see investors new or old making any commitment.

Hey Fozdog, we're friends again!
Have a good weekend all

Hi bluegrass
Think BCN will get caught in any general market correction caused by worries over covid - on the face of it things appear to be looking brighter but any signs that new strains are making current vaccines less or ineffective is worrying me. Also although the SP has risen some miners have done the same or more with little or no substance behind them - they also look to be topping out with the danger that a general fall in the mining sector will sweep BCN up with them. Which I would incidentally find rather unpleasant as I have recently committed further funds at more or less the current price!

... it looks like another sideways day. Time for my daily walk, if I don't I'll start drinking!

Hi cmww, haven't got time to search releases at the moment but I believe the offtake agreements are at market value

Hmmm. Sadly this share doesn't seem to know where its going

No problem Fozdog, don't mind being disagreed with! I do think the Admin cost would be greater for a rights issue. A discount isn't a cost, but a real downside is that you p*** off any shareholders who it isn't offered to. Looks like another sideways day today, been going on since the end of December.

I know what you are saying, but for the company a rights issue open to all will cost more than simply a placing with a few big shareholders. Like you I would like to have the opportunity to participate but you can see the logic.
On a different tack, I assume we all saw the stories of the 10 minute to charge batteries which will help with range of EVs? Reading it the word 'Lithium' still features in the battery description, I suppose the only downside may be smaller battery packs per car as range becomes less of an issue. Any thoughts?

Thought there might be a bit of stimulus today from the clear change or policy in the US, but apparently not. Day 1 and Biden reverses Trumps Paris Accord exit and halts a major oil pipeline. Has to indicate a far more green agenda in the next 4 years, and probably beyond as momentum should by then be established. Given the strength of auto industry lobbyists in the US we probably cant expect a ban on ICE cars there by 2030 in the same way as UK, but you cant imagine US brands continuing to develop new ICE cars when worldwide markets for them become more restricted. Of course for the public the running cost issue isn't so great in the US as the petrol is cheap.

A very under researched (I admit) gut reaction would be one of surprise that their operating costs would be in the same ballpark as BCN given that LAC operates in one of the highest wage countries while BCN operates in one of the lowest.

I admit to knowing little about LAC, I tend to take an interest in US quoted shares only for comparative/ competition reasons. However following your link to their website I just noticed their MCap! Astonishing