Member Info for johnpwh

Re production numbers, I think we can be assured of good production numbers for at least the next 3 quarters given the stockpile and the grades currently being mined, dependent of course on plant availability, The variability of the financial result is something else of course

Think the target would include existing numbers. Worth a mail to the company?

Or wait for it to get to Hurghada and dive on SS Thistlegorm in the meantime. Sorely tempted SIPP.....

Cant find it.
Waiting for it to chug round to Rotterdam is like watching paint dry!

VanVan
Think you are spot on, in my humble opinion. I don't think next year will particularly advance knowledge of the full potential of Salinbas (assuming there is game changing deposits there of course), but will hopefully show that there is a seriously profitable operation in the NE. At the moment maybe there are still doubts?
Something then to flesh out at the next 'live presentation then. I hope that is soon.

To be honest OD the Bid/Offer % precludes selling and buying back of AAU pretty much!!

Just looked at the other board, talking (I think anyway) about share consolidation.
I have thought that share consolidation is possible here and in fact probably desirable. Essentially this is just a bookkeeping operation with, I suppose, a small administrative cost. The upside is that it ceases to be looked down on as a no hope penny share. I doubt it will happen soon, as unless the PR is done properly it smacks of desperation. But of curse we have a great PR company so no worries there...
Seriously a 1:50 share consolidation leaving the SP in the region of 65-70p would in my opinion be a good idea.

Hi OD
You do make a point I'd like to pick on.
Despite having a mathematical bent (!) I have never been a chartist or believed particularly in the theories they spout. To me fundamentals have to be the driving force of investing in a companies success (or otherwise). But as you say there will always be an element who invest for short term gains (be that on an increasing or decreasing SP) without ever going to the ridiculous lengths that some of us go to on this board to understand the company and its long term prospects. In that respect I do see that studying charts can predict SP movements due to sort of 'psychological' influences (such as the feeling of being well cuffed by making say 10% in a couple of days). Because of that risk I doubt many of us oldtimers are surprised at the drift down from the nose bleed inducing highs of earlier tis week.

This board seems to attract ex employees with an axe to grind. I used to trade this share a bit as I noticed its volatility, and did so very profitably. Since buying and staying long I have had less luck! However in this current difficult car market it does seem the management are being proactive and not just sitting on their hands with their fingers crossed (which if nothing else would be very uncomfortable).
My own experience was a purchase of a car from a Vauxhall Evans Halshaw dealer. The car was less half new list price, a year old with 3k on the clock. I can only describe it as having been in all respects like a new car, very well prepared. The staff were great, it was all perfectly efficient and I liked the 'effectively no negotiation' policy which avoids the aggressive customer getting a good deal while the meek get ripped off to pay for the discount they demand. So there are 2 sides here. On balance they have the scale to weather the current car market, consumers will only delay such decisions not cancel them because the public will always be in love with new(ish) cars. I will keep holding unless the news worsens

I think that when it comes to a dividend policy you have to remember that a (responsible) BOD will not start throwing out all retained profits as soon as they can, but will initially retain as a cash buffer for a rainy day. Its cheaper than a sudden funding call. They also will want to control the risk of having to reduce the dividend in future periods as that can hit the company reputation hard. This is pretty much what TruroTrader was saying, so a fairly nominal divi at first and even that only after several periods of sustained profit and reasonable expectation of that profitability enduring.
Fox reminds me of AAU that I hold. You get a nice uplift in SP after some positive news followed by a slow drift down. One day Rodney....

As requested by me tother day!
One from Salinbas looking very encouraging, and a couple of others looking like some amateur prospectors having fun (only joking before I offend anyone).

Re the lse unreliability, I have taken to putting my post onto the clipboard (ie CTRL + C) before pressing 'Post'. Its rather frustrating losing your incredibly important and incisive thoughts (ahem!) especially when your typing is as pants as mine (plus of course I have to go through and put in all the missing 'h's)

Morning all
Bit hit and miss getting on to the lse site these days isn't it?
Well DJ...…..still in profit?
I would hope that the current share price, hopefully slightly more, is supported by the current JV plus Invindri/ Kizilcuker. Salinbas is where the big gain will be if it comes in, and barely (if any) forms part of the current valuation).

VanVan, how far towards proving the true value of Salinbas will we be after the 2019 drilling program do you think? Or will uncertainty go to 2020 and beyond?

So it would be worth buying a hydrogen car. provided you live in Bath and don't travel outside.
I'm not having a go at anyone, or anything here. Would prefer to be extended the same courtesy.
Surely amongst the greatest polluters are cargo ships - what is proposed for them?
What will power trucks for the foreseeable future, certainly in my lifetime? Fossil fuels and the IC engine that's what. Governments will wail and moan but will accept because if they don't trade (and their economies) will collapse. Peak oil consumption isn't predicted for another decade at least, IC engines are not going to die out for a very long time. Electric cars are gaining traction with every manufacturer from Lotus to Mercedes in development. The same isn't true of hydrogen fuel cell cars on anything like that scale - I know Audi has projects, but nothing like the effort the VW group as a whole is putting into electric. A huge refuelling infrastructure for electric cars already exists - the 3 pin socket in every home in the country. ITM is facing a massive headwind. Fuel cells are not new technology, they have been around for 200 years nearly but yet to find successful mass application. If you want to look at a similar story look at CMR, with their Bluegen fuel cell domestic boilers. Promising, lots of test units in the field, lots of tips, lots of fundraising, lots of promise, lots of PIs investing their heard earned. Kaput.

My prophecy may break down today due to lack of any news - this is a good test to see if recent events have lead to real momentum or not.
I hope we don't reach £1 by Christmas, I think the excitement would be too much and it would be the end of me! Mind you the kids would be happy

Honestly, if the share price keeps going up like this I'll have one of my funny turns.

As I said on Monday evening 'Anyway its going to be different with AAU from now. Its going to start going up tomorrow and its going to increase every single daily thereafter...'

Call me Guru

Not a shareholder at present (don't shout, everyones views are relevant!). Have been in and out of ITM in the past, and made a bit here and there but nothing much. Therefore keep looking and wondering whether to take the plunge again, read this board most days.
To be honest, at the moment at least, I'll keep my hands in my pocket. I have owned shares in 3 or 4 fuel cell related companies and ended up making money on only 1 - Ballard (was Protonex but Ballard took them over), and only then because I took Barclays to the financial ombudsman! (long story). I can see hydrogen being used for buses and delivery vans in cities but not cars. To set up comprehensive nationwide infrastructure would be so costly I think it would virtually have to be government led, and I don't see it happening. Chicken and egg, no one will buy hydrogen cars till the infrastructure is there and they wont build the infrastructure till peeps buy the cars. Plus electric vs hydrogen cars suffer from what I call the VHS/ Betamax problem - Betamax was considered the better system but VHS got there first and was massively marketed. For children out there VHS were video tapes....

4 (forgive the abbreviation)
I do agree with you about not assuming we have another Hot Maden.
The conversation I had with Dr S, that I referred to earlier, resulted from me rocking up and saying that to date Salinbas couldn't be compared (to HM) due to the grades encountered and was he expecting to find similar. While conceding that the grades weren't to date comparable he did say that it is often far better to mine lower grades in an open pit than to mine richer grades at depth. The latter must incur massively greater Capex? Also as VanVan has noted the terrain (and settlements) at HM probably present a big problem

Time will tell.
Having lived through the Marl saga like you I got the impression that they got lucky - they kept abandoning prospects in various parts of the world, each was going to be a 'game changer' and one day it did happen - think I said before Dr S told me at AS after the presentation finished that Marl/Lydia drilled the sweet spot at Hot Maden when they really wanted to drill elsewhere but hadn't received the licences. AAU seems far more controlled, considered, methodical. Whether 100% or 30% is better depends on what it is 100% or 30% of (if you get my meaning!)

Hi
Yes, but that drilling didn't sound imminent to me, think we are just taking a different view of what he meant by that.
I think regarding Tavsan a very positive result, for me at least, would be news that funding was secured and that the original plan of production at Tavsan in 2021 (and hence 50,000 oz in the JV) was still on course.
Off topic Carcosa on the other board pointed out some positive signs for the Turkish economy. I have noticed the Lira continues to strengthen vs $, which though marginally worse for AAUs costs is far less worrying than the Turkish economy descending into a basket case - that would be far worse news IMO, and did act as a drag on the SP a few months back.

Hi Ruben
I didn't think we are expecting any further drilling results from Tavsan, its more a case of environmental impact assessment and the feasibility study. See:
https://www.youtube.com/watch?v=ellpFC2Gj6k&feature=youtu.be&a++via+%40YouTube=