Member Info for jointhedots

Don't worry, we don't has the smell check or Gammary police on the BB? i make more mistakes than anyone - sometime cringe looking back at what I as posted.

Guys, it doesn't matter in the long run, you either take the divi or take the ex-dive price to sell after.

You're either a seller or not, I presumed the debate was to establish when and highlight that the SP would correct to avoid anyone going into panic mode.

IMO, it's great the divi pressures are over and done, or will be soon, as tom says a couple of weeks should do it in most cases, possibly sooner.

Now we can get back to the main attraction and forget the side show, the news is out and the first 9 months are under the belt, this quarter is expected to be the best and has started brilliantly with the gold price recovered past $1900/oz. All good, but we are approaching V25 full production ramp up in 2021 - TSG will then be exceptionally profitable with production costs/oz tumbling and hopefully a full year of +$2000/oz gold price.

I'm very happy and relaxed to hold and see what 2021 brings, beats oil, travel and retail sectors hands down, even pharmaceuticals and especially biotechs riding high now are incredibly risky. Best/safe sector???? God know. Strange I can even speculate a Russian based gold miner is a safe haven - C19 has well and truly changed everything we took for granted

and for obvious reason. Has put the SP well and truly in the distressed asset category. Justified or not doesn't matter, IMO the questions should be around what next and the link to our potential opportunity or risk.

It looks cheap to me but then I'm biased by virtue of owning shares - lets be realistic both Armenia and Azerbaijan will continue to exist and function and sooner or later the conflict will stop, any major incursion into sovereign territory will be stopped by the interested military powers. AAZ will, unless this goes on indefinitely, continue to produce and develop their operations. In the meantime, irrespective of the fighting they are benefitting from high gold prices and banking lots of lovely revenue for us.

I wondered if the exchange rate had crashed (it would help reduce costs) , that tells us a lot about how the market sees this; the Azerbaijani Manat is very stable and apparently has been for a good while even as their inflation runs at 13% historically - the Armenian currency has also only dropped a little, so looks to me like we are being punished excessively for what MIGHT happen as the gold price has risen and the risk appetite for the countries remain little changed as yet

PhatStyle4321 - no you are not " just saying how it is" at best you are giving your viewpoint which I respect but don't concur - don't confuse your view with fact.

Some BB readers think you are deramping for personal advantage, they have good reason to be suspicious as it is well trodden ground. repeatedly suggesting the SP will sink tends not to be the message from shareholders.

As long as you don't tell lies or gloat at the losses of other, I'm OK with an honest view.

There'll be loads of pressure on both sides, they, both sides have made their point now- they both claim the territory. They can settle back now having show their electorates that they will defend their interests - now it's just a matter of finding a face saving way out.

Armenia are massively out gunned and we should remember our interests in mining are not under any threat perversely this will make AAZ more valuable to the government and may result in some strategic advantage when things settle - they'll not want to frighten off foreign investment

Now moved clear of $1900. with Trump contracting C19. depending on how he does there could be dramatic moves ahead.

You're taking it far too personally, I never accused you of anything accept perhaps not fully understanding how mines operate, and that the cost were no surprise and it was a surprise to me you didn't seem to realise it was not a problem. It's the nature of mining, nature throws up problems like poorer grades and collapses of ground (didn't they lose some workings that led to this)?

I may well come across as patronising and if so you better just ignore me, I will challenge anyone I think is wrong and expect the same - its' a debating forum after all.

Can't we just move, if you want to have a last snipe at me go ahead. Remember you put a question in your post /(as I have done in this) so I answered you, I thought I was being helpful.

Moving on Gold has just touched 1900/oz again, that is great for confidence even if it retreats a little.

ethical - take the comments on the chin don't offended. You can call me all the names you want. it doesn't hurt, you can like it or lump it but all I said was true.

This is about TSG, not me or you and all is well - no sell off.

ethical - I don't believe you fully understand how mining operations work mate.

The costs are fully explained, completely plausible and associated with the current operation and dealing with Covid management - that is extremely important to understand, it's "TEMPORARY" and the switch to V25 will see costs/oz tumble as the oz/tonne mined, transported and processed increased massively.

It's about the quality of ore, big companies with economies of scale can work low grade small operations need to be nimble with higher grades. H1 results without the background information we have would be very worrisome, knowing what we do the results represent excellent transitional progress - I believe TSG shareholders are not idiots, (most of them) not the normal AIM sheep most companies put up with, there is no sell off and analysts will get their presentation today, with PI's tomorrow at 11am to clear up any concerns. Don't worry yourself.

The dividend is IMO to send a sign to shareholders that all is good and the results were as expected and most importantly they have genuine belief the H2 and 2021 will be much better, V25 should improve things dramatically.

Steady RNS IMO, shows they can be trusted to deliver as per plans.

Its' a blow up of hostilities which will go nowhere IMO , just like India and Pakistan periodically fighting over the disputed border for DECADES, governments calm it down after a bit of posturing. When it impact the companies assets they are duty bound to report to the market - I'll wait to see what AAZ say before doing anything.

Neither country has the clout or wealth and I suspect the will to conduct a successful major offensive unless backed by the regional powers, Russia and Turkey; both Putin and Erdogan have called for it to stop, especially in the midst of the current financial turmoil it's unpalatable to them.

Unless a company is mining in the disputed territory AND IT ISN'T - it should be a non-issue and the SP will recover as the dust settles. This statement is from the company's website:

"The Group currently has no activities at its contract areas within the occupied territories. They will be developed as the political situation allows."

https://www.angloasianmining.com/operations/the-occupied-territories/

For comparison, Hummingbird's SP recently dipped when there was a Coup in the country where their mine is located, it has had no material effect on the SP a few weeks later- the price soon recovered as it will be here it will here IMO if talks start. It is possible that this may even precipitate talks and result in a settlement

When you buy shares in companies in frontier countries you should have a high risk tolerance and it's look like AAZ shareholders are level headed and robust - this mornings sales look like multiple trades from the same few sellers

Great results - all is good, going through high and low grade sections as a mine is worked in par for the course - it's not a factory where everything remain constant as per the desire of the managements. As long as they don't run out of ore to process the company has a licence to print money

Though all in costs/oz increased, that is for an obvious reason and the cost are very impressive even at the higher rate.

If they can show they can repeat the operation in Ireland then it will grab investors attention, it will be many years before a commercial operation is up and running to good communication of exploration and plans will be essential.

By leaving it until the last day of Q3 they can give a good insight into the first 9 months and any projections will in essence be dependent only on the last 3 months - with 9 months revenue and profit already secured.

For a $100/oz fall in the gold price which hasn't even persisted for 1 week the SP fall is crazy.

slownsteady - you are providing advice on share investment, that is not only illegal but disgraceful. You have a vested interest in a crushed SP, as you say you intend to buy cheap and raise the possibility institution will throw a quantity of their shares at the market for less than they paid for them

There is every possibility that the current low SP is being contrived to ensure shareholders don't take up shares (II get them by default)

Guys, Don't be taken in by those with a vested interest in your demise - I've bought in the open market at less than 12p and I'm taking up rights in open offer, you make your own choice.

More likely to go to £1.40 than 40p - some are being silly.

Under pressure "yes" and may go lower but on the basis of what is known there is no justification - news is imminent, then we'll see the direction of travel.

Vein 25 has grades than are extra-ordinarily high and the gold price has been within striking distance of all time highs during the period and jet we are supposed to think going back to near multi-year is likely. I'm a buyer at current prices (bought yesterday ) and will buy significantly more if we fall much further - all depends on the update in the next few days.

jakek - not so.

They can buy them, though it may annoy some remaining bondholders if they are not included/consulted.

For instance, Companies can offer to repurchase, offering the bondholders to right to tender bonds at their chosen price and decide on what to buy if any - didn't GENL do exactly that. Or buy them via the market , at a discount, if cheap enough that leaves remaining bondholders with greater cash/bond potential at redemption - all could be ironed out in discussions with bondholders and major shareholders. Surely that's what the BoD said they would do in the last update!

Does that not pave the way for Kerogen to buy shares, can retreat from being insiders. CA buying and Kerogen possibly frustrated if their hands are tied.

The BoD need a mandate to buy back bonds, they don't need to do it, but is provides a potential massive opportunity to react nimbly to get control of the debt in the next couple of years - buying back the debt (proportion of it ) early at a discount will also eliminate the coupon (10% bonus saving).

There is no reason to assume TSG has been adversely impacted by wild fires - put it into perspective Siberia is huge 13.1 sq km bigger than the US or Canada (second largest country in world). Reports fires suggest approaching 3m acres on fire as we approach winter weather, so less than 0.1% not great but no reason to be concerned unless they company RNS's some impact.

5 working days left to the end of the month so update imminent and we'll find out what's going on, in the meantime the general market turmoil hurts the SP as investors need to liberate cash - happened at the start of the C19 before gold and gold miners where recognised as an edge against plunging asset values.

Whatever your entitlement you need to accept them or do nothing, if you do nothing someone else will get them.

You can also apply for additional shares which you may or may get a scaled proportion of if there is high demand.

The date by which you need to act depends on you broker as they will have a cut off date of their own in order to put all their instructions together.

You need to check what your broker says - if you don't want then fine but in your own interests don't miss out be default.

I think most of the tail swallowing and throwing in the towel is now over - if the price stays a decent level above 12p then taking them up should be a no brainer that's probably why there appears to have been such an effort to push the SP down..

I don't think operational performance has anything to do with it, possibly a Russian shareholder playing around selling a few or the sheer weight of fear in the gold market that there may be a gold price retrace - I think the latter and I think it's overdone for most of the small to medium gold miners.