Member Info for johnpwh

I hope so, really do.
Just looked up my records, first purchase at the tail end of 2009 at 27p. Ouch!
Not the greatest investment but the way I see it you can only potentially win big on the small companies. Of course you can always go safe with bigger companies like Interserve, Carillion, Debenhams...………..

Hi Chaps
Must admit I bailed yesterday at 3.7p just after I noticed what was happening (see my startled post at 2pm). I have been in Rambler for more years than I care to remember, back before Norm when George someone (Ogilvie?) was in charge. Now he really knew how to talk the talk but I think was a bullshitter. I have basically watched RMM sink and even though in production never close to break even. I fully participated in the rights issue recently even though I thought I was throwing good money after bad just because it seemed a last chance to average down and give me more opportunities to bail. I grabbed that opportunity yesterday. So I'm fully out, and though I made a substantial loss I must admit I'm relieved. I do however sincerely wish the very best to all shareholders, you probably understand where the company is now far more than I do. I hope it comes good finally - believe me I've served my time here!

Hi Mr Snail. I have drifted off a bit lately and haven't really being paying attention to the board.
Sorry to hear of your accident, I wish you a speedy recovery

True. I don't know what trades like this are, guess some sort of book balancing.
What was anyones take on yesterdays RNS? Seems to have upset some.
Personally I am ambivalent, I'm not aware what was expected. I apply my usual rule of thumb, which was that if an RNS contains the word 'pleased' in the introductory sentence(s) then I assume its generally good news - and this one did!

Eh
What the ffffffff flippeng hell is going on?

This one came out of nowhere, don't think any of us expected any news from here!
We still have Kizilcukur drill results and Q1 financial results in the coming days

Posted by 'the duke' on ADVFN
Nothing new whatsoever, but nice to see an article appearing in the press:
https://www.forbes.com/sites/andrewcave/2019/05/03/the-gold-bug-mining-europes-most-productive-seam/

Sirius and Ariana are really operations of a different magnitude. Time may prove me wrong but I know which I would rather be in!

Hi DJ
Appreciate your thoughts. Return can of course be Capital gains from increased SP and/or dividends. So I don't think that I personally expect a dividend income to match or exceed the returns on cash deposits, provided that gains in SP are healthy. 6 months ago the SP was 1.25p, so anyone lucky enough to have that as their base price is probably smiling!
Having spoken to the BOD I dont believe that dividends are going to be a priority, though I wouldn't dismiss a nominal amount being paid from April 2020 - they are well aware of shareholder expectation. The implied route to prosperity for them, and in fairness they do have significant 'skin' in the game, is the growth of the SP through exploration/development of the company assets. There is also a capital cost (I have no idea of what magnitude) of maintining many licenses, and the exploration schedule is at least partially dictated by constraints due to that . So I see it as a bit of a juggling act, they cannot go hell for leather at Salinbas to the exclusion of other smaller prospects in W Turkey else those licenses will lapse - maintaining the licences is not simply a question of payment of a fee but being able to demonstrate progress is being made towards production.That is what i meant when I reported back that the discussions highlighted the number of ways in which any net income can be spent - dividends being just one of those ways.
Night, need some kip

Maybe we are being impatient. The 'first' loan should be repaid by April 2020 after which we will release net income of£8m+ pa which the market will like. Especially compared to the current MC. Of course another loan will follow shortly after, although, like Kiziltepe that should self fund through the production at the Tavsan site for which it is taken out. So the £8m+ should endure to be joined by another £10m+ , say, at Tavsan when the second loan is completed - in 2022/2023?
But then we have a long drag before any production at Salinbas if that is what the future holds (other than selling the asset for example after part exploration). As I said in my notes, the AS meeting was momentarily taken aback when Dr S very openly put a timescale of 10 years at Salinbas until production. But what he said is born out when you consider the length of time that it took for Red Rabbit production to commence (April 2017?). Tavsan could well be exhausted by then, it currently only has a 4 year LOM although we hope that will increase. And Kiziltepe is current 6 years, again hopefully to be extended. The BOD have got to be careful to demonstrate to the market that production can be smooth in the future, especially if any form of dividend is to be considered. Its very bad to cut dividends due to lumpy cashflow. Any thoughts?

Any idea of the date for the AGM?

Yes, I would say on a par with last year but certainly no better attended. Whether I go to another later in this year will depend on news flow during the summer. Having said that I probably will - I go for a longish walk afterwards along the South Bank from Tower Bridge to Westminster. Something very special about the City at night, and every time I go a new glitzy tall building seems to have appeared

Yep, at the back in a white shirt!!

DJ
Funnily I was talking to MDV at AS, he is a big advocate of EVs and has owned a succession of Nissan Leafs. I said I would like an EV but wouldn't touch a Tesla because of your Mr Musk! I wouldn't invest in Africa, I had shares in TanzaniteOne (now Richland Resources) but had the sense to sell. They are a basket case now having abandoned their Tanzanite mine when the locals helped themselves and started murdering the staff! Never again, lesson learned. It is relevant because there were questions posed at AS about the 'safety' of Turkey. I suspect that Turkey is one of the safest areas there are for Gold mining at present!

Yes. Something about Sirius is telling me 'stay away'. I may miss out, but I also may miss being wiped out! It just has the wrong vibe, there will be more delays, more cash calls. Anyway, sure others don't feel the same way.
Ariana is great, the only cloud is that the progress will be steady because of the lack of cash - but since I criticise SXX above it would be rather 2 faced to criticise AAU for doing the opposite!

Hi Paul
Bout the same as the same event last year - I would estimate 10 private investors plus maybe a couple of analysts, the lad from purple jumper (or whatever they call themselves) and a couple of people recording the event. Its sad to see it so poorly attended really, you honestly could hold it in a fairly decent front room

Is there a more recent presentation than Nov 2018? Cant find presentations on the website (probably due to my limitations as a silver surfer).
If I search on google all I get is hits on some overated would be diva pop princess. Apparently she only allows photos to be taken form the left hand side because its her 'best side'. Must have a terrible crick in her neck.
Kizilcukur and Q1 financial results next, something to look forward to

MrHB
I don't definitively know the answer but I think that you will be able to buy into your ISA if a) The shares giving rise to that right are held in that ISA and b) if you have sufficient funding 'headroom' in that ISA for 2019/20 to pay for the shares you acquire through the placing. To be honest just talk to Fidelity!

Wow! Their LSE board has 718 posts today. Makes us look a bit stingy with 17!!

I know. All a bit depressing isn't it!
At least I haven't invested in the punters darling Sirius minerals (SXX). I did look at it a few months back because I kept hearing about it. But the combination of years until production,mounting development costs, financing needs nd a feeling of 'Ive heard all this before' led me to conclude 'Nah!'. To me its got Eurotunnel written all over it, the debts will pile so high they will be unserviceable. But that's for another board.....
Nite all, I'm knackered