Member Info for johnpwh

There are other boards SmallCopper if you don't like this one. You may not agree but one refreshing thing about this board is the lack of mindless ramping and wild statements which are clearly not supported by analysis, I have yet to see posts like 'Its going to be 3p, get your buying boots on!!', which I see ad nauseum so frequently elsewhere.
If you just look back over posts you will find several people writing who are very passionate and very well informed about this company. People who read about the company, attend the AGMs and presentations. People who precis comments made at meetings with the BOD for the benefit of those who cannot attend.
So we go off topic when there is no news. So what? Some boards on LSE with MCs well in excess of AAU are silent for weeks.
What are your views you would like to bring? There has been an RNS our since 7, you yourself could comment on that as I (and I'm sure others) will in due course.
Welcome to the board, look forward to you joining the discussion on AAU news

You're not that weird, I just call it character.

Been following the Patisserie Valerie (ticker CAKE amusingly) story over the past few months following their suspension from AIM. Accounting regularities on an impressive scale due to a dodgy CFO (+ accomplices). On the face of it seemed like they had got a handle of it, got more shareholder money in and looked potentially a possible flutter when relisted. Except now the brown stuff appears to have well and truly hit the fan and another high street name looks set for administration. I kind of doubt we'll se a relisting. Another good AIM company bites the dust!

Have been following this since October, with the hope that a cleaned up, heavily scrutinised, profitable business would rise out of the ashes of this mess that I could potentially invest in.
I have to doubt now that there will be any relisting, and if there is how many cafes will be left. All investors have my sympathy.

SG2
Agree, although those beancounters must have had a narrow remit as they clearly were considering costs rather than the bottom line! I know the argument that the upgrading decisions were probably Bluewaters, but we also have Dr.T's statements that Bluewater are incentivised by a form of profit sharing. Maybe BWs bean counters are blinkered too.
Really would like an operational update here. The silence (apart from the 100+ posts on here everyday!) is deafening. I don't think HUR is treating its shareholders (at least the tiny minnows like us) with much respect.
Just saying......

I am a mere ex office worker but I wouldn't have thought there is an engineering issue unless she goes into port. If she just shuffles into a parking space in sheltered open water then it is just another wait for weather.
I feel obliged to have my usual Sunday grump about if a few more quid had been spent taking her to a closer European yard rather than sunny Dubai we could have been hooked up and producing late autumn. Think of the revenues generated, and the impact on the SP by now. Grumble, moan, whinge...

Thanks Van, Value.
Shareprophets might be something I look at, but more from the point of view of 'what on earth have I already bought' rather than 'what shall I invest in next'. I have many holdings, some of which are long held but so underwater they aren't worth selling (or their sale will be timed according to my CGT needs). Looking to the future my intention is to take money out of the market and give to my kids as part of IHT planning, I'm not getting any younger you know! Hence I would support measures by the BOD that would increase SP in the short term over those that fully squeeze ever last drop from the SP over a longer period. I also want to exit individual shareholdings and replace with collective ones, not because the market doesn't interest me, but because my personality means I get a bit too focussed. I feel the time I spend agonising about AAU, HUR etc means I am missing out on other adventures while I am (relatively) young (my hobbies are skiing, classic cars, scuba diving, cycling, hill walking etc. Oh, and beer)
I have 2 major holdings, one of which is AAU. AAU is far more worrying in the sense of its tiny MC (hopefully to be remedied soon!). However I think AAU is also more underpinned unless POG crashes because there is already a viable operation in W Turkey supporting the SP (even if Salinbas were to come to nothing, I know the JORC numbers but no investment decision has been made yet).
DJ - did anyone ever tell you that you are properly weird!!
LOB & Claret Ok, only a 0-0 draw but that's a valuable point towards safety

Hi Van, sometimes wonder about these sites, I don't personally know of Shareprohets. From experience of Fool, I believe the opposite of what they say - if they recommended Ariana at the moment I'd be mortified!

Will take your word VanVan, I know I trust your judgement!
Cant afford to subscribe to these sites, I'm a pensioner you now.....

Not sure I'm afraid.
I'm not aware of any company called Ariana other than the one I am invested in. Trouble is that if you put Ariana in google the most hits are for a female American singer! Ask your broker?

Unfortunately not, bit of a family crisis yesterday so home late. Stone cold sober and no curry!

Hi Howie
Cant help you really. This board is for AIM listed gold/silver miner Ariana Resources (Ticker AIM:AAU). Their mining and exploration is focussed exclusively in Turkey.
Best of luck
John

Indeed my top up does now look a bi pricey, but I have a reasonable chunk in here compared to its MC so I'm not moaning!

…….and came back down to 1.25p!!

Able
Yes and no. It is true that the various authorities would love to clean up the cities (in particular) but the practicalities of doing so will take years - and the needs of the countrys economy will always ultimately come before air pollution out of sheer necessity. It is a huge change to move from fossil fuels to the proposed clean society and will take many years.
While all on this board want ITM to do well, we have to remain objective. I admit I would not personally buy an electric car let alone a hydrogen one at the moment so is it realistic of me to expect an immediate mass take up by others and cause a splendid rise in my ITM investment?

threeputt
Would be interested in your take on this, seem to be in the same position as me - ie uninvested at present. Would you consider investing here or is it just that the story has caught your eye - with no skin in the game your objectivity would be welcome.
ps I'm not being smug about not being invested, I had Carillion shares in my SIPP so I know suffering!

I may have a pint tonight, not just a half

Hoorah!

KNIGELK
I concur. Thank you for remembering the effect on employees.
It is too easy for us investors to forget all except the impact on ourselves.

...but don't expect 50p on relisting

Abandons ship. Hmmm, maybe it wasn't his choice!
I have only just read yesterdays RNS properly. Bloody hell! The big question is that, once the true position per Oct '18 is established, is the business viable? If it is I will invest, if for no other reason it will be squeaky clean for years after re listing! I would like to see the chairman more focussed on this operation though, these multiple board positions must have been partially responsible for this - he's a proven talent but he got over confident and took his eye well and truly off the ball. And the hit for all this management consultancy work is going to hurt, big time, KPMG don't come cheap. From memory 10 years ago partners were charged out at £500 an hour, that's an awful lot of croissants.
Assuming the business model is proven then this is a good bet. Competitors, Costa etc ere no more than overpriced cafes now with mass produced 'Baristas', litter on the floor and dirty tables. I think PV has a place. Time will tell