Member Info for johnpwh

Ha, ha robs. Remember many a true word is spoken in jest!

I will Stranger, till you all tell me to shut up

Thank you for the reply SIPP

We were pretty much expecting this (or next week) if the divi was going to be paid by the end of March. But still nice to get, certainly seen worse Friday RNSs!
Wonder if more next week? We've noted before that we often get a small onslaught of data followed by weeks of silence. Lets hope for Tavsan news next week

Ha ha! Enjoy :)

Good news
Pretty pleased with this as an investment so far. About 40% up since last September, wish i could say that about all my holdings!

Panama
Will that be with chilli sauce or without?

knutsford
Can I clarify, $45 is the sweet spot in the sense that is the maximum price considered before consumers of the metal seek less optimised, but cheaper, alternatives? Thanks

I will looking at the SP Stranger!
Was out all day doing my voluntary job at RAF Cosford. Perhaps I should keep away from the laptop more often for everyones sakes!

See. Ask nicely and you will receive

Lets hope we get a positive RNS tomorrow (not Friday, no one likes a Friday RNS!)

I am hearing what you are saying about AAU sitting on cash, and am reminded of (the British) GEC.
When I first started investing GEC was one of the biggest companies in the FTSE 100, in fact I think at one time it was 3rd only to BP and Shell in terms of market cap. Very conservatively run by a bloke (Lord Weinstock?) who sat on a massive cash balance year in year out much to the criticism of the red braces in the city. Maybe Weinstock retired, cant remember, but the long and the short of it was that the cash was invested in a big rush by buying up US tech companies ..... just as the dot com boom imploded. Long story short this huge company became a basket case, worth a penny in the pound.
Be careful what you wish for.....

And most people on this board would probably have been better off not investing with PMG at all!
I appreciate your points but TC is not being very fair on private investors when they are starved of trading and strategy updates. This is a Plc, the BOD run the company on behalf of the shareholders, the owners, who expect to be given sufficient information to judge whether or not to continue their support. In exchange the BOD are given a salary. That relationship is not functioning imo.

I've just been reading todays posts on 'the other board'.
A couple of posts from someone called xow98 are worth reading, in particular the lengthy one that appeared mid afternoon
John

Yep true Stranger.
Well gold is holding well above $1800 and should find support with inflation in the system. Some other news on special dividend, Tavsan and the Venus IPO should be imminent. Lets hope we are at a turning point.

That's true, but as further Salinbas funding beyond the £8m is through the JV then AAU is a 23.5% partner, so isn't immune from payment! And then receives only 23.5% of the supposed massive profit that will emerge.
Just save yourself some pain and don't work out what AAU seems to have given up in terms of lost net income from Kiziltepe and Tavsan for £25m!

Not exactly a free ride at Salinbas from memory, Didn't Ozaltin pledge £8m after which I think the JV, not Ozaltin alone, picks up the tab - which means any further expenditure is 23.5% down to AAU.
What will the stake in Venus will be post the IPO? Its 50% at the moment, seem likely to decrease unless I am not understanding the situation

Hi DJ
Re Strangers post, the SP has dropped 50% (well not quite, 40% but getting on for) from a level achieved post the rubber stamping of the new JV - ie after AAU had give away 50% of its Western Turkey productive assets and 75% of its NW Turkeys prospects. Does that mean that you think it was overvalued at 6p?

Shame that the market values it at less than 25% of that figure then!

War (hopefully not) or not, I think the outcome of this standoff is that relations between Russia and the West will be strained for some time. I cant see the Russians giving their commodities away cheaply.