Member Info for johnpwh

Meoryou

I agree with much you say. I have been moving to more established, less volatile shares. In production, divi paying, boring maybe. Yet things like this happen! 15+% loss in a matter of a couple of days. My BP underperforming Shell as well. GSK up and down like the proverbial. I give up!

I would hope so too, But I think one of the things about becoming an official old fogey is that you trust no one!

Hi Ripley

You post spurred me into action, thanks. I am not around much in the next 2 weeks so with funding headroom in my 2024/5 ISA i've just arranged - I am with iWeb and hadn't realised the corporate action would already be on there to accept. At least its out of the way, if Id not done it I may have forgotten! Reading the corporate action text it implied that if no action is taken it MIGHT (capitals deliberate, I think they are covering their backs) mean that the part paids lapse without any value. I think theoretically the broker is supposed to sell the rights if no instruction is received and a buyer can be found, but if I were in the position of being unable to take up the rights I would prefer not to take the risk.

Ripley

The share price didn't drop 11.5% yesterday. The closing price on Friday, due to the effect of going ex rights, was effectively around 900 + ()(7/24) x 205 = 960, down from c.1013p closing on 23rd May. That is 5.2%. Not happy about it but no need to put a worse gloss on it than is necessary.

Actually slig people can talk about what the hell they like on the board, or any board, within limits . That is how it should be. Most of the regular posters here have been here swapping ideas on AAU for years and have deep knowledge of this company which you might benefit from even where they no longer have a share holding such as DJ. Then they maybe chat about something lighter and off topic. Why not? This board attracts maybe 20 posts maximum on a good week so its hardly onerous to filter out any threads that you find irrelevant and which add little or nothing to your understanding of the company. Or there is the facility to filter individual posters, so please feel free to filter me as I have filtered several in the past.

Unless I've got my calcs wrong, based on 900p for the fully paids the SP has declined from 1126p at close of pay on 22nd to an effective 963p now. ie 14.4% drop. Have a nice weekend :(

Ha ha, agree!

Genuine question, why has this doubled the past couple of months when there is no significant news whatsoever, EV car sales are slowing and Lithium metal continues to drift at best?

Thanks Grayling. Pity really but expected.

RE divi, the new fully paid shares are admitted 2nd Jine, the last day for acceptance and payment is 10th June. Ex div 7th June. So non the wiser? Anyone?

Not 100% sure. It does say marked ex rights 8.00am 24th May ie tomorrow first thing. But it also says the record date is 6pm 20th? Search me.

We shall see.

One thing I would like to know (which may be in the documnet somewhere) is whether the new 'fully paid ' shares will be eligible for the dividend.

I'm a bit rusty on this-but tomorrow the shares will drop as ex rights but you will additionally get 7/24 x your holding (rounded down to the nearest integer) in Nil paid shares which are marketable and have a value. I stand to be corrected but I believe that is true.

Exactly!

Hi LoB. Hope you are well.

Improvements with AAU SP though seems to be taking a breather as is PoG.

How do you feel about Dokwe now? If it comes off it will be great but clearly cranks up the risks profile.

Silver appears to be less than $32 if you don't cherry pick, down 1% on the day. Filtered, your ramping is getting silly. Bye.

Seems to me that momentum built due to an expectation of big news resolving Newmont/ Havieron and that just hasn't materialised.

DJ

just been reading and watching videos on Tesla. I also saw an article by Motley Fool that implies they think it may be undervalued (which reinforces what I think about Motley Fool). Would seriously be interested in your thoughts as an American, Musks fan boys sure think the sun shines from his posterior.

Have to admit that the effect of real interest rates being high had occurred to me for a non interest baring asset, though obviously needs to be looked at from a worldwide perspective, and not an individual country, where the government/ their central bank may influence the disparity. Every year we get 'its going to $10,000 an ounce' , 'its going to fall to $1,000 an ounce'. At the end of the day, the rain will fall, the sun will shine, the trains will run (mostly, though not always in the UK) and gold will be whatever it will be. That's my thought for the day. I got rid of my BT shares first thing so I'm happy :)

I hadn't realised the BP underperformance over the past year compared to Shell. Will Looney go down not only as a sex pest but the worst CEO at BP for generations?

Stranger, Van

Sunday Ariana catch up. Over the years I shudder to think how may hours I have spent, at least I know what my Mastermind specialist subject would be.

Some great posts. I feel at sea here, in November 2019 I was black and white about the Ozaltin deal. Put simply I thought it was the work of the devil, bit like peanuts. Not only the loss of interest in the assets (which, as has been proved by the financing method employed at Tavsan, could now provide a c.300k ounce split 50:50 between just ourselves and Proccea) but also loss of control in the Turkish operations. Basically Ozaltin will take the cash and can tell AAU to bugger off if it gets vocal. All that was achieved was some special divis which many of us reinvested at a SP higher than now and consequently benefitted relatively little.

This is different. IF (capitals intended) all goes well Dokwe appears to be a steal. There appears to be reasons why the owners want to sell, they know Sener from the past, they will retain a strong voice if not control in the future of their asset even if taking more of a back seat. Their 36% (or whatever) may mean they address some of the inadequacies of the current board not only in Zimbabwe but the wider AAU portfolio.

Like Stranger I dont think 'new' AAU will go it alone and hope there is a SEPARATE JV set up which avoids loss of control and will de risk. The problem is risk. This asset, if it turned turtle on AAU, could sink the company. Equally it could increase the net assets per share of AAU dramatically, despite the dilution. Its a big project, appears to be open pit, and far more advanced towards production than the jam next decade (or the one after) that Salinbas has become. As for Cyprus don't start me. You wont like me when I'm angry, my shirt falls off and I turn green.

Have a good day all. Commiserations to C&B and LoB for Burnleys predicament!