Member Info for johnpwh

Mr B, unless rules have changed there is no escaping CGT on any AIM shares if held outside a ISA or pension. Full stop.
There is a possible IHT concession for trading shares where quoted only on AIM and nowhere else but its a bit of a Catch 22 - HMRC don't publish a list of such shares so you basically have to die and get your executors to find out. It seems an extreme approach to take. I think the suspicion is that in fact very few AIM shares would escape IHT

There was a lot of talk about generic competition to GSKs Advair from Vectura and Mylan. Both were being rejected by the FDA. I believe Mylan got approval eventually. What happened to Vecturas offering, if Mylan managed it why couldn't we?
I presume its one reason these shares remain where they are, and have been for some considerable time.

Shocking. I suppose because of all the bad news. Imagine how high it would be if the AM had been completed on time and on budget, if FOIL happened when Dr T promised, if Lancaster was performing far better than expected, if we had had 4 offtakes already, and if Lincoln Crestal had come in strongly...….hang on!

****pit!

Ha! Love the censoring, applied by LSE not me!

Hi Van. Back from a hard day cleaning aeroplane ****pits at the RAF Museum at Cosford, in time for 'open ****pit day'. Fascinating, and awe inspiring, as went in the Avro Lincoln which was really another version of the Lancaster (in which my late Dad was a navigator). I found it rather emotional tbh
Anyway
1) I don't hold my breath on this one, but will be a Brucie Bonus if it happens
2) Hope so
3)I see this as a long term project which will have about as much effect on value as Salinbas currently does. The trouble is exploiting these deposits is probably 10+ years in the future. Its about building for a time when I will probably popped off
4)Maybe, but seems to have found a stable(ish) new (higher) level to me
5) Seems likely from what has been said and may help the value due to the prospect of hastened exploration and production
6)Hope so, it would be nice to see at least 10 years confirmed. In time I think it will extend further still due to adding further
prospects (per Dr S' interview). To me the SP is currently driven by Red Rabbit.
7) Tavsan is a bright spot over the last couple of days, and here I disagree with our Claret. The message I got was an expectation (or decent probability) of work commencing at the tail end of 2020 or early 2021. Therefore we could have production in early 2022. Yes a bit of slippage is, I suppose, inevitable but it does seem a realistic prospect.

I don't regret having added (once again). The SP reaction seems overdone, despite our collective growls!

Back from the pub. Cycled of course, getting cold 'innit?
Log in and find I have won £150 on the premium bonds. Cheers the day up eh?

Just back, out all day supporting my Sis. Anyway having a quick scan …...
a) Relieved a small recovery, seems to be offer at about 2.10. I did indulge rather heavily this morning (which I had promised myself I wouldn't), my buys don't appear on the LSE trades because they went through NEX. Mine always do, don't know why.
b) Thanks Benjie, appreciated greatly. I haven't been able to find time to truly understand what you are saying but it seems to be that the new 'debt' isn't really something to be too worried about. I will sit down with a large sloe gin later and read carefully (the sloe gin has to go through a strict quality control procedure, and I feel it falls upon me to take on that responsibility personally)
c) Just heard the Footsie score for today. Ouch.
d) I'm so glad someone changed the subject line from Cauliflowers. I didn't expect it to have the lifespan it enjoyed. Cauliflowers was the first thing that came into my head, anyone who knows me would be relieved it was as innocuous as that
Have a good evening all

Indeed. Thanks Benjie.
Appalling SP reaction though I expect its temporary. Hurts though!

Paul, speaking for myself I feel better about it than last night. Nothing yesterday undermined my confidence in my investment, I was simply a bit ****ed off (please complete as you feel fit ) with a feeling that I had been mislead. Yes the information that annoyed us was in the accounts, provided you are an accountant. But if AAU are relying on all investors to be accountants then they have a relatively small prospective investor base. Why make such a big thing, presentation after presentation, about the repayment schedule of one debt but somehow conveniently forgetting the other - even though in magnitude they aren't really that far apart.
The companys prospects are good, I think Tavsan is moving now and to me that is crucial. One thing I did take yesterday, which others may have also noticed but not mentioned, is the answer to the question about using the Kiziltepe facility as a 'plant for hire'. To my shame I thought that was a pointless question, and I apologise to the questioner, because for the next decade it will hopefully be fully utilised for JV ore. But it teased out information from Dr S - he said that there are lots of small deposits in truckable distances for which it will not be economic for current owners to build a plant. He seem to leave the door open to acquiring such assets on the cheap to process, of course, at Kiziltepe. The impression (maybe optimistic) I got was that Kiziltepe could be a functioning plant for a lot longer than we think.
I also got a fairly explicit confirmation that Kizilcukur will end up in the JV, presumably at 3x. That one disappoints me but I guess I have to live with it. He didn't field my Kizilcukur question really though I suppose it may appear in the Q&A that was promised.

I was going to use a subject 'Sell, Sell, Sell' but worried about your tickers upon seeing it. My point is the first 3 deals today are sells. I suppose this and 'the other board' are partially to blame for collectively crying into our beer (and G&T and Chateauneuf du Pape) last night!

Cebo, Warwick is the problem. And after Warwick there will be another 'problem'. And then another. This is such a glass half empty share, investors look for what could **** up here not what is going right. So Warwick is a free carry - the freeness of the carry is not outweighing the fear that it could be a duster like WD. And its freeness is not going to support the SP if it is a duster.

Everyone loves am optimist Gary. At the moment I am wondering what is the point of holding this, its just serial disappointment. Moan, grump.

Yes VanVan, it does seem that there is a focus on Tavsan now and in six months we should have something a bit more solid on when development will occur. Clear indication about when divis are likely to arrive - Tavsan in production - I would suggest by that he means Tavsan in production and loan for the development there repaid.

Well done Ash. I nearly said 'in spotting this anomaly'. But its not an anomaly. It just feels 'concealed' which isn't sitting well with me. More beer needed. Grrrrrrrr

Hi DJ, VV. You are 2 posters I have come to respect, so your views are very relevant to me. What concerns me is not the arrangement, as VV says that is 100% normal for a company to give financial headroom if they feel the need. Why I am feeling miffed (and it may only me who didn't know this) was that not only was this in place (good) but that it had been seriously used (or at least I assume it has) and I didn't know as a shareholder ((bad). AAU is in more debt than I realised, and to find that is hiding in the background when such publicity has been given to how well the construction loan is being paid off is disappointing. I, naively perhaps, thought we were out of debt next April. It appears we are anything but

I got the impression it would be released as an audio. Perhaps I was jumping to conclusions!

They gave no indication. And they will also be issuing a Q&A for the questions that didn't get fully answered. I think they have a bit of editing to do first!

*can't see*

No Ash, you missed nothing. In fact it started the best part of 10 minutes late so you just missed a summary we have heard before. Can see that Kizilcukur bridges any gap to Tavsan. The Kiziltepe processing plant works at full chat so the potential availability of more ore wont provide more production