Member Info for jointhedots

I was very pleased with yesterday's rise, especially as it was a sustained upward pressure rather then a sudden spike which rarely is sustained.

Today is another positive day so far, no fall back even though markets are generally taking a backward step (Friday is difficult at the best of times), to me it looks like defensive stock are in favour, travel, oil, mining being hit. So in these circumstances consolidating yesterdays gains and bringing on a some fresh blood, welcome to all new shareholders, is more than enough for me.

" I'm not trying to antagonise" - I didn't think you were, I was just answering your question.

If you don't want a robust answer, then don't ask questions. I must say I have no intention of firing off into research of the Irish mining sector, you must do your own research. The Irish government are open to decent mining proposals and are actively encouraging explorers - surely not just to tell then "No go" later. Here's you'll find the latest permit tender list and backgound information:
http://www.mineralsireland.ie/ExplorationLicensingProcess/ProspectingLicenceCompetitions.htm

AIM listed Alba are just one of the other companies investing in exploration - by your logic they are simply wasting their shareholders money!

sire_f - "diversify yes, but surely no chance of a mine there ever getting built?"

The answer is "of course the mine can go ahead" and of course there will be resistance from some parts of society - it's par for the course. There are operating mines in Ireland and it has a long history of mining, though only a small sector. People want jobs and mining jobs are well paid - and I'm sure the company are not stupid, and if the potential mine is in an area with a show stopper (city, tourism spot that would be spoiled) they wouldn't invest.

In the UK we have a history numerous Mined and Quarries in beautiful countryside some still operating and most people would never even realise they are there. e.g. Peak Park, Forrest of Dean, Cornwall, Lake District. Obviously there are some localities where it would be an absolute no no.

We need to credit the BoD with some sense, if you don't you need to question the wisdom of your investment.

lemon your comment "I do believe that at some point in the future as connections get better and better then in 20 years LoopUp will not be viable but right now I see it being worth the cheap price."

Exactly right to highlight that issue, posters are suggesting technology has already bypassed Loopup, that is not so.

To develop your point further, if Microsoft or Apple continue selling their products for 20 years without progress then they would also be dead in the water. Lookup are selling into this years market NOW with a product that links to software provided by the worlds biggest software vendor, Microsoft believe it's a worthwhile market and Zoom actually offer a similar solution to Loopup's wrapped on Teams offering - if its dated then why are the big players bothering with it? and How do Loopup manage to sell it then it it?

I read a forum rubbishing standalone MS Teams and extoling the virtues to Skype which is apparently being phased out this year in favour of MS Teams. It may have escaped the notice of some but the company has assigned a bigger budget to software development, inferring they recognise the need to keep up with the competition and won't be doing the same thing in 20 years

Their solution has to work for it's customers, it needs to be easy and professional it does not need to be the world's best, in fact it never will be and chasing that goal would likely bankrupt Loopup. As for USP, it doesn't need to be unique, it needs to be Simple, Affordable, Functional, Reliable, Supported, fulfil customer Needs etc - all those things are obvious and combine to provide a winning service - that's unique enough.

Unique is a very tall order, try naming one IT company with a unique selling point? Even Mircosoft, Apple, IBM and the like would struggle

mole - they are absolutely right to diversify, Ireland provides great potential on easy terms.

But more importantly, diversification reduces risk as an incident occurring in one location (war, flood, insurrection, coup) does not impact production in the other location.

IMO, Ireland is a great business move.

At the current market cap it would be well worth the Russian outfit buying out AZZ, even buying the whole company which has a viable business completely separate from their assets.

If the Russian elite wanted this, they have no shortage of cash, they really don't like losing so I can't see them just rolling over.

The response has been positive but on the scale of the news still quite muted.

On the face of it the news is fantastic but it takes time for the market to assess it, especially as this share is largely driven be PI's trading, and we are not really a very sophisticated bunch if were honest - but most of us get there in the end. So it's on a slow steady burner for now.

There is a constant beating of the drum on the BB wrt competition from Zoom and other meetings service providers.

Loopup are not in direct competition with Zoom or Microsoft Teams, they define themselves by providing added value to those requiring a premium service. I believe Zoom currently have in excess of 1 million subscription seats, but so what. Loopup will never capture the majority of those customers, the market is huge and the Niche you suggest is difficult to carve is already occupied by them.

Your assertion that "Everybody uses vide conferencing solutions such as Zoom, Teams, Google Meet etc" is simple not true, they use different solutions to meet their needs, just because you don't use it you can't factor everyone in!

bigbadbob - What is you purpose here, as you clearly don't believe in the concept and have no intention of investing? Are you just being kind or perhaps trying to be helpful?

The sheer scale of the reacquired assets will propel AAZ to being a significant Gold mining outfit in a few years when combined with their already substantial expansion plans and opportunities. Their problem is going to be planning which asset to push on with first.

Very tight spread is unusual, cant say I've ever seen it down to 1p. A sign MMs are open for business and want trades IMO.

Tiger - I was thinking along the same lines, it could be a major source of compensation and ongoing income for AZZ, for basically doing nothing. Apparently the company has 900 employees in the region, all parties will want an outcome that gives them something. £200m compensation and an ongoing royalty payment would suit me. lol

Profile:
"GEOPROMINING GOLD, LLC is located in Yerevan, Armenia and is part of the Gold & Silver Mining Industry. GEOPROMINING GOLD, LLC has 900 employees at this location and generates $143.07 million in sales (USD)."

Now we know the names of the companies that operated AAZs mines we can explore what they did - if anyone cares to do so:

From website of GMP gold:

"GPM Gold owns and operates the Zod open-pit mine and the Ararat Gold Recovery Plant located in Eastern Armenia. The Ararat Gold Recovery Plant was upgraded with the latest Albion technology in 2014, increasing throughput gold recovery to 88%. Gold output in 2018 totalled 130,000 oz. Implementing the Albion technology allowed GPM Gold to switch from oxidised to sulphide ore. GPM Gold produces and sells Au-Ag Dore bars. The LOM is 18 years, based on current reserves."

Looks like a big Russian outfit who will have done a tidy job of developing it rather than a rag tag local outfit - so AAZ will repossess a what could be a real Gem.

https://www.geopromining.com/points-in-armenia/

Zod producing over 100000 oz/year, biggest operation in the region - as it is predominantly open cut and they had no reason or time to rape the place before the war or remove key equipment, the cost of restart could be very favourable. Also as the resource straggles the Armenian border I suspect they'll do some deal s to operate efficiently over the coming years.

Clearly, irrespective of the bitterness over the war, the locals will want jobs, with any luck AAZ will also inherit a skilled workforce. who support the venture

Very exciting new opportunity (actually multiple opportunities) by any measure

This company raised £50m at £4/share not too long ago and bought a revenue generating bolt on business to compliment and expand theirs - the integration is still ongoing and cost efficiencies will feed through eventually. Current market cap is £44m, that's 6m less than even the cash raised and totally discounting to zero the underlying value of the business.

What are they playing at, all the company needs to do is deliver the decent growth that is clearly there to be won, not so hard, and the massive rise in SP that would merely get the company back to the capital raise price can start in earnest.

The all time high was almost £5 (hard to believe that's only 2 1/2 years ago) , what went wrong as it wasn't C19 which has improved company prospects, IMO the management owe shareholders better communications in 2021 to restore confidence. We have no evidence the underlying value is not still in place.

Strange that this was a very quiet BB for ages prior to the update, very little interest from PI's.

Then suddenly there is a multitude of posters out of the goodness of their heart - advising they don't like the company, siting the balance sheet. the this the that the other as reason not to buy the shares - do us a favour don't buy any , if you don't like the business proposition go elsewhere and tell them how keen you are to buy.

Torn - god knows how you do that estimate (based on 1 hole), without proper mapping of the structure to work out volumes isn't it just wishful thinking. I agree with your sentiment that it could represent a significant multi-year resource, it could also grow significantly.

The response to the news is totally underwhelming, had the company been a early stage explorer it would have added far more to the market cap, strange market to figure as usual.

Mike - it's important not to get hung up on dates wrt the fatalities - the company did not say it will take 30 days or that some work could not be undertaken . It's entirely in the hands of the authorities in these circumstances and they'll be done when they are done could be anytime. If they are not satisfied I assume they can take prohibitive action or press charges, if it is a pure unfortunate and unforeseeable accident they could approve a quick restart. The 30 days MINIMUM is purely indicative of current expectations.

Hopefully they are totally satisfied and quickly give the company the permission to restart.

"In accordance with normal protocols in Russia, a Federal Technical Inspection (RTN) investigation commission has been established and has commenced its work. It is anticipated that the investigation will take a minimum of 30 days. "

It won't bounce back until the dribble of tiny share trades designed to sap confidence stops and it will.

Pushing 12000 trades, Average quantity less than 900 shares - come on that's not shareholders exiting! It's contrived to make money from distressed shareholders.

hammon - it's a massive understatement to say not good, they've left investors with uncertainty on the scale or existence of a significant problem - the sooner they clarify the better, investors always assume the worst.

It could be as simple as the new reality of servicing contracts will be more costly than pre Covid, for instance H&S costs are going to be higher for most companies for a considerable time. But non of us really know.

I expected a recovery after the shock this morning, as well a real sellers, all sorts of opportunists always join the fray.

Hopefully those that want out at these prices have now moved on. Loads of tiny automatic trades today tells it's own story, II's holding steady for now.

They (or some of them that are highly leveraged will try to cash out their profits this afternoon ) - it is Friday after all.