Member Info for johnpwh

Keep the faith, LoB, keep the faith.
Think that applies to both Clarets and AAU.
As for AAU, the PG note was, to say the least, disappointing. But long term it should not effect the success or failure of the company. There should be quite a lot of news plus 2 dividends over the next 18 months/ 2 years. Hopefully by Christmas 2023 we should all feel a bit more comfortable!

Hi Van
its no secret that I wasn't a fan myself but not going on about it again. The point is that the terms of the new JV structure affecting Turkish assets were known about months and months before the February PG note. They cannot have ignored the reduction to 23.5% in that February note irrespective about what they say in the commentary. To have ignored that asset reduction in February would have been professionally negligent. So I cannot reconcile this c.25% drop in target price and the AAU BOD should be asking questions of their broker (or get rid)

Good weekend Claret. Hope they win

Ok, so the PG note is on the website, I'd not noticed it.
Their target price since February is down from 6.98p to 5.35p. Now that earlier February note coincided with the completion of the Ozaltin deal, so the wisdom (or otherwise) of that deal on the target price can be discounted.
Since then there has been a divi of 0.35p paid, plus costs. lets go wild and call that .5p to keep the numbers easy. So back of the envelope stuff that would reduce PGs target price to 6.5p due to the reduction in Net Assets.
Since then good drillings, the second ball mill online, almost nailed on Life of Mine extensions, much better than expected progress at Cyprus - all of which are highlighted as plus points in PGs note. Unlike the slight rise in PoG, which has also occurred.
So how is a reduction in target price justified? This is AAUs broker! With friends like that who needs enemies?

Hi Stranger
Sadly true, maybe a bad RNS is needed!
Cant remember the last RNS that wasn't positive. Yet the SP is the lowest since July 2020 (although in fairness we should probably adjust for a very chunky one off special divi that wasn't from net cashflow), during which time drilling appears to have nothing but successfully added to LOM in W Turkey. Plus the unravelling story in Cyprus which seems to have been an excellent decision with early production probabilities. Yet every good RNS triggers the same SP response, immediate uplift followed by drift down, often to a red finish. One day Rodney.

Paul
Echo Troajans comment and look forward to your continued analysis of BMN!

Thinking the same thing Lucan. I too hope all is well

Well, we'll wait for the market!
Its more good news, and as I've said before, a pretty significant amount of my investments are held here - I have recently been a buyer incidentally.
By coincidence this is being announced on what could well be a weak day on the markets as a whole, with the Dow diving after the London close yesterday (look at the daily graphs), but so far, so good

Yes, we can all read thanks

Seems a reasonably optimistic update, nice to see that another productive resource could be added shortly. Sadly, as usual, the market is marking AAU down (at least as I post, a dummy purchased could have secured 250k @ 4.04p). I am looking for some definite indication on Tavsan financing and timescales.

Foz
GF have indicated that 75% is the level to take private. Lets say, for sake of argument, that they end with 65% so that they haven't reached that level but are easily majority BCN shareholders. Would there be anything in the regulations stopping them from changing their mind and applying for a delisting at this lower level?

I agree Claret. Who knows, very soon Burnley could be in the Champions League and you'll want some dosh to follow them round Europe....

##

Amongst others !! :)

Hi
I have been reading 'the other board'. Be good to read your posts on this board also, as members would benefit from your opinions.
John

picsmaister (I apologise for earlier misspelling)
I do not deramp. I would interpret a deramper, in respect of sharedealing, as someone who unjustly critisises an equity with the aim of lowering its price and thereby gain a lower entry price. My posts are not an attempt to deramp, I can assure you, as I see no future here. I do however keep abreast, infrequently, of HUR because I was historically invested here and a regular contributor. These boards are not the preserve of the over optimistic, all should be welcome. For continuing investors I suggest that cynics are probably more valuable than mindless enthusiasts.

is that rhetorical picsmaster?

Hi bartlebobton
Unlike you I don't enjoy sparring with unpleasant people so have put senseman (an ironic name?) on filter.
Hope you are well and are heeded by posters here. Trouble with this board (including in the good old days of Aduk etc) is the amount of unrestrained ramping leading to people getting themselves deeper and deeper into the smelly brown stuff. This will no doubt happen until the plug is pulled which, from the last operational RNS and tempering of the PoO, could be sooner than expected

What a pleasant individual you are senseman. I wont lower myself to you level.

Just catching up here, not looked for some time, I was around when Trice was spouting his optimistic nonsense.
With respect I would suggest that you take heed of posts by NGP1616. He is level headed and knows what he is talking about. Could help you make cash, or more importantly stop you losing it

Well I'm not impressed. As ex Dana I am thinking that as the years roll by TC really was a one trick pony. YTD from this level to 60p and back down again. Thankfully I wasn't one of those that chase it to astronomic values in late 2010, a full 11 years ago.
Yes I'm being miserable, but as a S/H I feel entitled to be. We get very little information. I used to read about Parkmead on Malcys broadcasts. Irrespective of what you think of him, he ceased covering Parkmead as there was no information to form and opinion - that has to be 4 years ago.