Member Info for johnpwh

Right, been out all day, totally off line, out of touch.
When I left this morning SP was up, reports were that the AM was chugging, heard on the radio POO up a bit.
Must be a few percent up! Nailed on! Right, lets have a look....

Bugger

DJ
I know what you mean mate. Just been out for a few beers and a curry to forget it all.
You appear to have a lunatic in the Whitehouse, just been reading and analysis in The Washington post. Trouble is that while he may claim to be good for business and jobs (some would argue, I don't pretend to know) what I see is a man destroying the dignity of the Presidency. What is maybe worse is that those outside America are not aspiring to the American away of life the way they have for decades. Its like a spell has been broken, and its happened in 2 years.
We have exactly the problem (if not the deal) that we were all expecting. The EU we always going to behave like a school bully resisting loosening his influence on one of his underlings, and was bound to make it uncomfortable to break away - because if not then control would be lost and all in the club would want out on the same terms. Fact of life that we either needed to remain in or put up two fingers and walk. Instead we have now gone nearly 2 and a half years producing something which will almost certainly be rejected - and possibly cause a General Election and a government more left wing than gawd knows when.
Not smiley tonight!
ps are you sure the Warninks isn't secretly for you...……?.

Currently just over $67, maybe head to $70 in the next few days as downwards momentum seems to have stopped for now at least.
Think that would suit Hurricane long term I think - we were enthusiastic at a much lower price than that.?

In fairness there is a new CEO.
The old CEO was the other director who exercised and immediately sold share options in July (other than the dodgy FD that is). The old CEO had done the same in February 2018 too, seems for some unknown reason he wanted to get rid of them as soon as he got them......heaven knows why, not suspicious at all.
Still like to find out why the non exec deputy chairman sold over two thirds of his shareholding (not the result of a maturing share option scheme) in June. Could be innocent of course.

Fantastic. Well done to you

….it could happen to us
Look at BMN, a vanadium miner. 1.33p (where have I seen that price before?) in November 2016.
One day Rodney.

Booked in for AS on 3rd December. Hopefully see some of you there.

Clicked on the link, it gave me current weather in Dudley near West Brom.
Seems ok, shame AM isn't going there along the Dudley canal

In fact just looked at the 6 month, 1 year, 5 year and all time SP graph for AMER.
Well that will have me rushing for the 'buy' button...……………...

Rocket
This is the Hurricane board. I notice you have pushed the same share with the same message this morning on GKP and BP.

Hi DJ
Could cause a bit of tension in the boardroom....
So, you flying over for either of the corporate events in London and meet us? Buy you a drink! Can get all your Christmas shopping in Oxford Street with all the money you have made on AAU share this year!

WorldGoRound
I have just read a selection of the posts that you have been putting on this and other boards for the past year.
I think that you should seriously question, for your own sake and sanity, why you are doing this.
I really don't think you should be posting such wild ramblings, that is just my opinion.
I am filtering you.

Hope so, I have a degree in it!!

JK
That makes you 47?

Escargot (I don't think I know you well enough yet to call you Snail)
Sounds like we've both been daft enough to acquire about the same amount. I've been adding in the low 40s so never got to 120k, but what I have is worth about the same as you. Run out of liquidity now, probably a good thing.
I personally am going to cheer myself up at the pub. Faggots mushy peas, chips and a pint for 6 quid. Us pensioners have to be careful you know.

I know. Blue not red. I'd forgotten what it was like!

Stop calling me honey......

New interview I picked up from Twitter but also I think on company website.
Quiet a wide ranging chat, touching on POO and POG and the Turkish economy

https://arianaresources.com/in-the-media/1214-ariana-resources-gold-production-climbs-in-q3

blackstout
Believe it or not me too!
I also try to take an objective view, having been stung too many times particularly on AIM.
I would say my confidence in this company has grown in the last 6 months (although it's a shame about the gold price). I have met, and liked, the Board of Directors and have seen the performance at Kiziltepe easily surpass what was expected. The operation in Western Turkey seems impressive and arguably worth the current MC in isolation.
I think where I differ from some of the more enthusiastic posters at the moment is the NE operation. Could be good. Indeed it could be very good. But there is nothing concrete.
Releases are full of words like 'perhaps', 'similar', 'may', 'possible', 'indicates'. I'm certainly not dismissing Salinbas and Ardala but at the moment. for me at least, it is a good prospect but no more. Other posters take the view that it is already nailed on and worth billions!

Thanks for the information
I am a bit lost on some of your more technical points, and admit I am not to concerned on the accounting aspects except where that may have a direct impact on the company finances - clearly that may be the case where accounting profits give rise to corporate taxation, although here I expect that the tax accounts differ from published accounts even where the latter are subject to Internationally accepted standards (which I imagine they are). I don't think any of us would profess to understand taxation in Turkey, and I for one am not intending to find out!
You may consider it simplistic but I think most here look at the viability of the company from a 'high level' perspective. What I look at is income from the processed material, costs of obtaining and processing that material, the outstanding JV loan and the repayment schedule for it, and whether the resulting balance provides sufficient funds for other company costs and proposed exploration in both the west and north east of Turkey - without further fundraising. I regard that as a prospective view, and one in which the prices of gold, oil, the Turkish economy/currency/inflation rates are also a concern. In that sense I would agree that the company financials are unlikely to remain constant over the next 18 months, although I think we mean it in different ways. Clearly the current JV loan should hopefully be repaid as planned by April 2020, although the profit from production to be enjoyed from that point will be short lived if the proposed development schedule for Tasvan is followed since one loan will be replaced with another after a few months.
I think we can agree on one thing, that is that no dividend is likely for many years, despite some people on the other board suggesting it. Again from my high level viewpoint any dividend payment would need to be paid from money currently earmarked for exploration - meaning that a fundraise would have to made to pay for the latter! From my non accounting viewpoint that essentially means the company would essentially be borrowing money to pay as a dividend. So it ain't going to happen!

Sounds like they will just about reach WOS for Christmas day bobbing and down on the briny in the middle of a bleak Scottish winter.

Nice