Member Info for johnpwh

Mac
Snap, 23/04/2003, 8056 Skypharma Ord 10p shares!

Wouldn't hope for karma. The Teflon toothy slimeball (guess who I'm talking about) will walk away from this grinning as usual.

Happy (I think) to report that I am now a member of your club

I'm certain about 10p even if you're not! That would give a MC of c.£100m. Hmmm ……..
DJ I fondly imagine your pony is a 'pony car'. I am thinking a customised 'stang in Highland Green with slot wheels, a 427 engine, 500 horses and sidepipes. Cool.

I agree with much of what you say Van, and it was very nice meeting you last year. Unless you are concealing an ominous dark side you seem a good bloke!
This remains a good investment, anyone currently without exposure to AAU would do well to research the company with a view to putting a few quid in. I remain invested, and will continue to do so, but just with a significant trim and frankly reduced day to day interest. For instance I would be looking out for the imminent RR production results normally, but with only 23.5% interest there going forward I'm now not particularly concerned. Ignoring my other gripes, I see a determined swing from an approach that was half production half exploration to a very much exploration based company, which is not what I want. I can see that strategic direction must be driven by Board members, partially at least in their own interests. AAU will have a good few bob on its balance sheet, which I don't think will be distributed to S/Hs by way of regular dividends, and they will go out into Salinbas and Cyprus with rock chip hammers to hopefully produce further commercialisation maybe 5 years down the line. I'm not after endless exploration, at least not when overinvested in a tiny AIM company. Just the way I am!

Thanks Mullins, that's pretty much what I've been doing the last couple of hours or so! Looking at the Mexico operation I was rather hoping someone at the conference would ask about the ease of scaling up the production rate. I don't want a 10 year LOM but a 300 year one is pretty pointless too as I imagine an alternative to Lithium will be found a long long time before then (assuming humans are still around). Any idea?

Hi, just researching this with a view to investing.
Has anyone met the management, got an impression of their integrity? I am always cautious when dabbling in AIM shares, been at the wrong end of hype by CEOs etc a couple of times.
Thanks

From memory you and I have had differences in the past Paul. Think I even filtered you! But we appear to have a unified view at present, who'd have thunk it! I wish you all the best.
The deal is going through unless New Company reject it. Which would be far more worrying than if the deal failed due to AAU shareholder rejection. The BOD are clearly in support and the majority of posters also. Personally I have significantly reduced exposure, thought I still own 'millions'. For me it is now 'a holding' rather than something to be excited about with a view to finally make my fortune! I don't expect to turn up to future meetings. I wish everyone good luck.

That would be nice. A nice fat bid from a UK listed major with a paper alternative so I could manage my CGT for the portion of shares I hold outside my ISA. Bring it on.

Was wondering about the uptick over the last few days. Decided to crystallise the loss in my non ISA holdings and buy them back (plus a few more) into my ISA. Its worked so far! Maybe my subconscious thinks big things are afoot...….
I've been a holder of this share since the Skypharma days. Frankly I deserve a long service award. A carriage clock would be nice.

Happy New Year Zo00m, from apparently the only other McCarthy and Stone shareholder. Does that mean we own 50% each?

102.8p per share would suit me. Just done some calcs and I am actually down on Hurricane overall. This naturally means that, armed with this knowledge, I plan to be grumpy for the rest of the weekend and probably well into next week.

Come off if Van, the published grades from Salinbas have not been headline stuff. Yes I was there as you say, as indeed I have been at several successive London presentations as you know - all at my own cost. Until recently I have been one of the strongest, if not the strongest, advocate for AAU there is. And a vocal one at that.
Doesn't alter the fact that a Salinbas JV has come with selling out over 50% of our income from RR as well, literally just before the existing JV becomes free of loan debt. Calc the present value of 'given up' revenue from RR and compare it to the lump sum being paid. I don't think that looks value.
53% of this great Salinbas prospect will be given to New Company , and that sacrifice still wasn't enough to secure a Salinbas only JV deal. AAU gets, directly, $5m for Salinbas - and how much has Salinbas cost AAU so far? Then another $8m from New Company to develop the prospect up to the point when the new JV (including AAU) appears to take out loan(s) for the production facility? Plus we give away 23.5% of Salinbas to Proccea for no as yet published reason, so AAU is down 76.5% of the Salinbas prospect you are trying to sell me! There are many unanswered questions.

There is undoubtedly gold in them there Salinbas hills. That is beyond dispute although the economics of mining there have not been established. Where I think investors got a bit carried away was in the assumption that because a) it was near HM, b) gold was being found then c) a HM2 was inevitably going to be discovered. I have always questioned that the latter was inevitable or even likely, because HM was maybe a once in a lifetime/ area geological structure. I still feel that way.
If Salinbas is a nailed on success then why couldn't a standalone JV be negotiated without including the considerable sweetener of a 53% share in RR?
It could be that Salinbas simply turns out to be a significantly larger version of RR, a collection of (hopefully) economic but not bonanza style open pit deposits. In fact I believe the highest grades found to date are in fact in the RR area of W Turkey not in Salinbas. The proposed deal does de risk Salinbas a bit, previously it always seemed to me that RR would be used by the company as the cash generator to simply bbe ploughed into Salinbas - which could ultimately backfire if Salinbas failed to perform well economically.
Now the company has partly capitalised RR, and is being carried (depends on how you interpret the RNS and the 'open chequebook') at Salinbas. So if Salinbas falls on its **** then we don't lose all. Hopefully.
This fine speech doesn't mean I now like the deal because I still don't, too much of the assets/ RR revenue/ control are being given away cheaply for my liking to a new unproven partner who is paying for the assets with an intangible thing called 'influence ' as much as it is with cash.

Wouldn't buy on that basis personally! I wouldn't consider buying at this level other than as a gamble - all things being well its underpinned at 5.5 so I guess the downside would be limited

I played with Sirius a little last year, nothing serious (joke, get it??). My logic being it was too big a project in a politically sensitive area of the country so was likely to be rescued perhaps even by the government. Made a few bob and got out just before it collapsed further when they failed to secure financing and JPM pulled their offer. Lots of moaning on their board this morning but from a non investor its maybe not a bad deal - suitors aren't exactly queuing up

Yep, stonger sterling does blunt the PM price rises a bit.
I think I am in the frame of mind now that if the MoU doesn't go through I'd be worried, as it would probably mean the mysterious 'new partner' has found something unnerving in the Due Diligence process.
There will be euphoria when the deal is cemented. Just noticed Sirius, wish I'd bought some of them yesterday!

Agree DJ. You're beginning to sound like a miserable old cynic ….. just like me!!

Time will tell

If I had a quid for every time I have read that gold is a nailed on cert to go to $2000 + (++++++) then I would have made more cash than I ever have out of AAU!