Member Info for johnpwh

Seems a good update. Its a minor point but why are they not 'pleased' to publish its update? In the fine art of reading between the lines of RNS's that word is generally the first thing to look for!

If Tom Cross really believes in Parkmead wont there come a point when he takes it private?

DJ

Hope you are doing well.

I'm not really suggesting I expect AAU will rescue Scotgold, or that I think they should. I just noticed SG was suspended, recognised the name of the co-founder and had a cursory glance at it. Read their last presentation from 2022 which at an operational level it seemed to have a bit going for it - in production for a start rather than 10 years away!! Quite reasonable reserves and low cost. Didn't (still haven't) look at the financing but obviously judging by recent news for them they didn't get the geology right and I assume a lot of expensive debt (not sure if secured or not). Geology of course is where AAU seems to excel plus CS must have as deep a knowledge of the SG as anyone. I would be surprised if AAU hasn't looked at it. A purchase from the administrators/ liquidators debt free could be viable? I leave that to the AAU BOD, in fairness if they felt it was good I would believe them, they aren't daft. Maybe I am just attracted by having some more production in the bag since so much was given away at Tavsan in the disastrous Ozaltin deal.

Hi LoB, think you are misinterpreting me. Not implying anything about the AAU boards honesty, even if I sometimes question their judgement!

Seems to me that a promising company, which coincidentally is well known by one of the AAU board who I think is a Royal School of Mines geologist, seems to be ripe for the picking . I just see it as potentially a big opportunity but admit I may have it wrong,

....or has anyone else noticed the latest RNS on 16th October from the now suspended AIM quoted Scotgold. A company that Chris Sangster Co founded, and was still involved with until Feb 2021 as a non exec. They have an operation in Scotland that seems to be low cost and was thought to have a significant amount of gold. However recently seems to have taken an unexpected turn for the worse and are in negotiations with an Investor rather than go into administration. Am I just being hopeful here?

Release a statement about a possible.offer at 5 times the current share price then at close of play 2 or 3 days later, after the share has bounced off trebling, find its totally collapsed. Will anyone look at people who bought at the beginning of last wee and sold before Fridays after hours announcement? No, thought not. AIM reaches a new low, didn't think it possible!

Is anyone remotely surprised?!

Amazon and Tesla aren't real companies then?

We all complain about JDWs share price, if dividends were paid the share price would be lower as funds would have been dissipated. As it is the 6 months SP is down 20%. How low do you want it?

another pathetic day in pathetic ariana land. as i said 4 years ago pretty much to the day, as a rather lone voice while everyone else whooped and celebrated the board of directors brilliance, the ozaltin jv was a **** poor business deal. did anyone vote against the deal except me? hands up anyone who wishes they had now?

we have given up , by my back of the envelope calculation, over 80,000 ounces of gold (alone) at kiziltepe and prospectively at tavsan. so $80 million lost profit for 25 million dollars receipt was it, less legal and other costs which themselves seem to run to millions? as i said, pathetic. this was a political deal, to keep ariana safe in turkey despite already having a turkish partner in proccea. i hate that, may as well do business in a corrupt african state if ariana has to effectively give out the huge bribes it has, because its now obvious that giving away 76.5% of salibas as well for equally sod all has, if anything, caused that to slow completely to a halt.

Why would paying a divvy increase the SP? All you are doing is depleting the net assets of the company,

JiffyBag makes a l lot of sense to me. Why would NM want all of GGP with the inclusion of the exploration targets that implies? They may well want 100% of Havieron which together with Telfer makes a nice package to operate or sell on. If that is the case there is no knowing how much of the price paid for the 30% would be passed by way of a dividend but should result in a fairly full valuation of GGP in the market. Shareholders may then choose to run with GGP and its remaining as yet unproven projects or exit. In that scenario I would most likely choose the latter.

Bullish

The management are perceived as greedy and totally incompetent because of the farce following the restructure. Because of them investors who believed the BS are heading for the exit door at every single opportunity presented to them. And as just noted you cant even get a quote to sell, and I mean any quantity, not even 50 shares. Believe me I've just tried it out of amusement. Worth about £15!!!

You cant even get a quote to sell at the moment, which implies that Market Makers have so many of these worthless shares on their books that the last thing they want is more.

Yes Joe, after being starved of investing in this gem of a share for nearly 3 months you'd have though that Foxy and his pals would be filling their boots at this opportunity. You don't think they were company stooges do you?

while a return is unexpected i also need to note 2 things:

1) the price is 1/3 of the floatation price of 55p. wasn't it about 25p when suspended?

2) my broker iweb wont even quote on it suggesting that it due to is do ' the asset no longer meets their policy or due to a change in regulation'. so it may as well still be suspended.

i still think it is a crock of ****.

Joe

There really are some people on here who don't think they have been fleeced and have not lost every penny! Time will tell, and I will be happy to apologise if I am proved wrong, in which unlikely event I will also get some of the small amount of money back that I gambled.

I put gambled because the word invested is not appropriate with anything associated with idiot Gilbert.

'Shareholders should be aware that Company's Shares will remain suspended until publication of its Interim Results for the Six Months ended 30 June 2023.' Ok, strictly they haven't put a time estimated time on it but given what we have seen since June what is your expectation?

I will change what I previously said. We are the idiots, not Gilbert. For him it is £24k till Christmas.

Foz

From the stats here I can see the total turnover in Buys AND Sells today, up to the time of this post is just shy of £8k (ignoring the reversal).

I agree with your last para. AMG (who aren't the car manufacturer spun from Mercedes) or the EU investing in self sufficiency maybe after Globalisation worries following the Ukraine conflict.

Maybe he has a lot of money invested in it. I genuinely hope not for his sake.

If legal council advised that this was the best course then we cant argue. What I don't like is to explicitly state that there is no basis for the claim and that it will be fought, then do nothing of the sort. It makes the management look stupid and opens the door to many more class actions, and will encourage people to join in those actions for free cash even when they have never taken zantac