RE: SP25 Nov 2018 10:11
Hi DJ, VanVan
As I have said before, I believe this company has something, but at the same time I am not blindly optimistic about Salinbas/Ardala. Hopeful yes. Sold on it as a nailed on company maker no.
While I understand your scepticism, my own take on the company is that to date I haven't been let down. Unlike so many other AIM companies this one hasn't bombed after unfulfilled promises. Looking back over the last couple of years where have been the operational failures? There has been criticism by some on the Corporate front I agree, and peoples opinion on that front I respect. But they are delivering the product promised, in larger quantities and at far lower cost that were predicted. Kiziltepe (and surrounding satellites) production seems almost a given at the moment, and is a cash generator for exploration in the north East.
So to me the big question is Salinbas - will it happen, how soon, how big. That is the primary reason for my attendence on Thursday, because I have never got a feel for it. Maybe its me? My other reason in going is whether Tavsan is on schedule. That is a doubling of production, if it is being delayed I would like to know the reasoning.
As my previous post stated I will raise the question of dividends, and will try to give feedback on the Q&A session wihin a couple of days of the meeting unless covered elsewhere by media presentation or on ADVFN..
On a lighter note I was in Birmingham city centre yesterday and there was a bloke selling Trump toilet paper. Superb! Each sheet has his stupid face on. Was very tempted!