Member Info for johnpwh

Totally illogical. The number of shares in issue is irrelevant, it is the prospects and interest in the Company that are. Any company, be it BP or Hurricane, could have as many or as few shares in issue by way of a consolation/ split. Same company, no difference in attraction, just different numbers of shares. The only argument is that when too few shares are in issue folks may not be able to buy as much as they want as they cannot afford the next whole share. There may be also some slight psychological effects, such as suspicion of a penny share as cheap so near bankruptcy or a large share price as being 'expensive' but that is all.

Hi DJ
I plucked the figure of 3% from the air as it represents a real return (after tax) when compared to our current UK CPI inflation rate. That at the moment cannot be achieved by deposits here, where a typical yield for tying up your cash for 2 years (without access and possibly taxable) is about 2.1% . That level of divi would set the company apart from the usual bunch of AIM car crashes, maybe attract a little interest. As for a scrip issue, not a big fan as you would end up with no cash in your trousers but the same %age holding in a company which has used some of its reserves!

Maybe, but I think that a dividend becomes more probable the longer that the current perceived undervaluation exists. A 3% divi based on the current SP would only cost a relatively insignificant £700k (unless I have got my decimal point in the wrong place). That is very doable once the debt is paid off next April as AAUs net (annual) income will exceed £10m given the current financial parameters.

Think we can assume that €195m is just an arbitrary figure being submitted to the court. If the case is won the settlement would not, I think, bear any resemblance to that. Was an odd comment about bulletin boards in more than one way - he made it sound as if all was normal but then implied that isn't the case and equipment had to be shuffled around to achieve production. I certainly got left with the feeling that sod all is being produced right now. Secondly if your investors are speculating on bulletin boards, and if you believe him getting it wrong, then isn't that a case for providing more & better information to the people who are, after all, the company owners?
I'm afraid Chris is too smooth for me. While once, as an investor, I felt assured by his easy relaxed style I now question what he is covering up.

Only just caught up. Sorry to hear what's going on. Imo (for what little its worth) the only consequence of a lawsuit like this is a wastage of what assets remain in lawyers fees, and alienation of the Government of the country in which your assets lie. Even if FOX win (which they wont, this isn't England, its the wild west in political risk terms) you cant expect any support or cooperation from the authorities in the future. That itself would make future progress unlikely. My advice, as before, is get out because its astonishing how well the SP has stood up to this turn of events - that robustness is a screaming gift.

Ah, 280i, a fine Irish surname so it is. And there was me thinking it was a model of Capri.
I would like to shuffle offshore, I can honestly say I feel utterly let down by our parliamentary system. I would never have believed it could ever come to this in the UK. I will vote in the next General Election, but only to attempt to play my part in keeping the unholy trinity of Corbyn, McDonnell and Abbott from gaining the power they seem to be prepared to sell their souls to gain . Otherwise I no longer feel I wish to bother to vote. I wont leave because my 2 daughters are here, who I spent a lovely evening with tonight - if it wasn't for them I might just consider it.

Claret, I agree with you on football I (I adopted a Burnley stance when talking football with my drinking mates, only thing that puts me off is the allegiance Alistair Campbell), spaniels, leaving the EU and of course AAU. I think we are in for a few dull weeks news wise, despite the companys attempt to raise its profile with videos like Zacsks.

Don't do cats. Spaniels yes. But not cats

Aduk
Agree about the shut in costing money. Yes the lost immediate production is still in the reservoir but quite clearly the revenue from it will be obtained in donkeys years time rather than immediately. A bird in the hand and all that.
What did you make of the water cut, remaining at 7.5% despite the fact that both wells were contributing to the single flow lines output - does that not concern you given that one well was not showing water (perched or otherwise) at the time of the CMD?

Why? I would be interested n his take on the days RNS

I wish people would cease being rude to people who are invested here and simply wish to express their views. From my perspective, from CMD I understood that one well gave around 7.5% water and the other 0%. Now using a single flowline, so that water cannot be attributable, we still have 7.5%. That seems odds as logically it should have dropped as some output is from the well that previously showed zero water

Chaps I cant help feeling an RTO is in the best interests of shareholders, then forget the purchase of a new asset. Last time this management did that they abandoned a tanzanite mine in Tanzania and bought a clapped out Sapphire mine in Oz and the MC kept on sliding down. Looking at the figures being discussed here the company may have a million to play with. I honestly doubt you could get a decent McDs franchise with that! You may well be right in saying this company is worth more than 0.064. If you get a return you should run for the hills! Good luck all

Hmm. Don't know what to make of this week. Got the Q2 financial results, of course listened to the interviews. We know something is more positively stirring with a possible JV in NE earlier than expected. Maybe some additional ounces in Arzu South/ North. However no news imminent at Tavsan apparently and of course Q3 production figures wont be out for maybe 6 weeks. (or more) Todays movement seems to have been in response to tipsters. Any thoughts what will drive this in the short term other than Gold and Silver prices? I'm becoming resigned to having to sit this out until next April with more of the same until then.

2.15/2.325. Think the MMs are the only ones making money here!

The only thing unexpected really was the leap in costs, rest was predictable. Obviously the low Au production oz doesn't help , but is the Turkish state right recognised solely in the quarter it is paid rather than spread over the year? Looking back over to last year I don't see such a strong effect. Anyway otherwise as expected, good to have confirmation still on course for April 2020 debt free. Be interested in any interview with Dr S published later.

Well now we have the results. The cost per oz is a bit of a shock, not sure I understand the explanation. Anyway, not sure this will help the SP today, but best look forward not back!
Thanks for the response shareminator, think we were probably not quite understanding each other

shareminator, in my opinion you aren't being conservative at all but rather optimistic! The gold is sold as produced, so in small lots throughout the quarterly period at the spot price applicable on the day. Its not all sold at the end of quarter, which of course is when the rally started. Most of Q2 (1/04 - 30/06) the gold price was as low or lower than Q1, and silver actually worse. So sadly for this quarter we will be lucky to have a gold equivalent price maintained at the same level as Q1 ($1413?). All imo, but I'm fairly pessimistic and expect a Q2 (un) comfortably less than Q1. But its hopefully a one off, and clearly unless something goes bonkers Q3 should be very much better. I'm hopeful that the poor financial announcement I'm expecting will be qualified by Dr S with reassuring explanation, and perhaps supported by an upbeat RNS about Kizilcukur or Tavsan.

Hi DJ. I feel the recent SP lethargy is more to do with the company itself and the perception of it by its investors than the political situation or even the wider market. AAU is too tiny to be effected so directly, it ebbs and flows by its own prospects unlike giants like BP which act almost like a barometer of the FTSE100 after a small adjustment for price of oil. After all AAU has not behaved the same way as peer minors (that was a typo, I meant miners but have left it in as it seems relevant!). Well done for trading AAU successfully, nothing wrong with making a profit, I do also sometimes but what galls me is that between them the brokers and market makers usually make more that I do!

Another week (starting Tuesday as Van points out). That's the trouble with being retired, no one gives you Bank Holidays anymore! We really have to have the quarterly results this week, which imo are unlikely to help the SP - especially on top of last weeks Salinbas update which went down like a damp squib (again). Sentiment is poor, in fact I would say a bad as I can remember during the time I have been invested having read the messages both on here and ADVFN. I shall go out on a limb and say that, contrary to the usual accusation of under promoting, the news flow out of Salinbas is the major cause as it is not reassuring people of its previously communicated promise - especially those investing on the prospect of HM2 (which to be fair the company never claimed). Remember we were at 2.5p, 25% higher than now, just 2 months ago - and that 2.5p was against a significantly lower POG/POS.

Sod it! Don't worry VanVan, was just being a Drama Queen. I may flounce....