Member Info for jointhedots

It's also early days but the dela could lead to spin-offs and cross selling.

There may be other big players that may also be looking to dispose of this service - who knows - it's a possible niche with no competitors that provides introductions to completely new clients with little or no sales costs.

WRT to the new MS teams business we still await out first big deal or partnership launch notice.

Everyone must have noticed the SP going up for no apparent reason in the last couple of weeks!!

The tendency is to be pleased but I'm always concerned over such things.

So who do you think may be selling into this good news? Perhaps those that bought in in the last few weeks knowing a deal is imminent. IMO, this does happen (I once stayed in a B&B where the owner bragged his daughter tipped him off about a deal) , it does happen - we need to let this play out until genuine investor get hold of the shares.

All purchases over the last few weeks should be investigated.

There certainly is a massive jump required for most of us, but today is a start and the upside is massive after the massive losses.

Most of us had switched off to this, so a genuine response to this news will take time, maybe a few weeks.

Very tame response to great news, give it time - first really good news in ages.

comeonvog - get in there early with the boot - we know what the background is, today is about some really good progress.

the_shareminator - I think you are right to some extent, the gold price really does not have a major impact on the viability of the business, but the SP does react to the market conditions and outlook rather than the daily ups and downs of the Gold spot price. Of course if the gold price moves dramatically, that's a different matter.

I noticed the comment from the Chairman of the FED at the end of last week about the impending pain for more or less everyone and clearly the market has assumed more big bumps in interest rates - consequently the mining sector reacted badly. So I think this mornings SP weakness is down to anxiety in the market in general.

AAZ needs positive company specific news to break out of the general trend, I believe it can outperform and there will be good news this year.

The other thing I read about was the property crisis and associated debt in China, it's being largely ignored but if the falling prices/confidence doesn't stop it will likely collapse demand for just about everything and have all sorts of consequences as I'm sure there will be all sorts of financial institutions exposed up to their necks.

The entire world appears to be a complete mess, and If I knew what was going to be the outcome than I'm sure I could come out of it a Billionaire, I'm more likely to get it wrong. lol As investors all we can do is try to navigate this and come out with a victory. Gold is a safe haven and AAZ are less exposed to market forces than many competitors. As I said previously the debt free position is a major positive IMO.

That one is trotted out so often it's like an old friend - "Director Buys" would help and they are letting us down, swines"

Come on guys you know better than that "THE DIRECTORS and other INSIDERS" can't buy, Art actually recently told you that - some of you are having fun throwing every negative you can conceive in the mix - because many of the poster names I recognise, you are not naive and you know much better.

On that subject "support" , I suspect some of you do not grasp, that if the insiders buy at any time it means "NOTHING" significant is going on that is not in the public domain - effectively telling the market that is the case is usually not a positive and is often seen as desperation in circumstances where a company in under pressure. Hence. I've always been sceptical of director buys.

Again on the subject of support, perhaps the biggest (and massive) endorsement we have had recently has been our biggest institutional shareholder and other II shareholders financing the convertible bond for the CUDA purchase, that lending I believe will sit secondary to the main lender (that ruthless lender would surely never accept losing precedence on the Atomic assets) - that is a major endorsement from major shareholders. It think it has been missed by the market that this is "structured to accommodate the implementation of a planned Reserve Based Loan ("RBL") facility" Effectively structured it's to ensure a deal can be struck on RBL and has terms which takes pressure off the timing, even permits further lending to expand.

Assuming they are insiders, that is the only way they could show support for the company as they would not be able shares. So presumably they a powerless to help by buying shares at the moment.

"· The Convertible is anchored by a long term, UK based institutional shareholder (the "Lead Investor") and other institutional investors (all investors collectively, "Bondholders").

This is what was in the RNS, notice it is structured not just to buy CUDA , it was unsecured so leaving assets for other lending and provides time and flexibility for the company, miles better than the bridging loan solution initially announced:

· This instrument replaces the previous bridge loan, announced on 19 April 2022 and is structured to accommodate the implementation of a planned Reserve Based Loan ("RBL") facility. The Convertible is initially unsecured and permits the Company to structure new senior debt.

· A 'tap feature' to increase the Convertible allows COPL to draw further development funds, should it require, with the aim of increasing production or for future drilling plans, subject to mutual agreement with the Lead Investor."

Don't be scared, those institutions know more than us and they had confidence to stump up cash only a few weeks ago.

Lets have a little more positivity.

Even the current Oil price works well for COPL as confirmed by Arthur in his recent interview - looks like all the current pressure is speculative to me and counts upon the company not being able to raise funds without a further placing, start the drill campaign or improve current performance - any one of them comes in positively (and the company believes they will sort all of them) , and we're of to the races with the SP.

The recent losses can be recovered in just a few sessions, or even one session if the finance package is good, until then we have to put up with the pressure or surrender our shares.

A lot of bickering going on - that's just perfect for those that attempt to destroy an enterprise.

It may be just fun or a living for some but I have always found is distasteful to want to destroy - with short/bearish stance he ultimate goal is to drive a company's SP to oblivion and thus drive the company out of business - dress it up however you like, legal or not it is morally wrong IMO.

The rights and wrongs aside, stop feeding the negative viewpoint as it is not helping the nervous amongst us to regain some composure - all the problems are known and the company have addressed their short and medium term plans recently. The current SP is silly but it is what it is and will only reverse when buyers start to weigh in and buy more shares

My apologies to those that want me to start making up and posting purely negative things. lol

The perceived weakness in the gold price is not helping AAZ or the rest of the sector, but the SP is actually not reacting too closely to day to day fluctuations and never really has, company specific news will be a stronger driver provided they actually deliver some.

The strong $US driven by rising interest rates and safe-haven appeal, is bearish for gold and it is no surprise there is currently downward pressure towards $1700/oz. However, IMO a safe haven demand of gold will kick in as inflation and falling equity markets leave investors looking for somewhere relatively safe.

AAZ is actually in a strong position to prosper (though you wouldn't know from the SP), they are in the lowest quartile of gold producers even as they are now in lower grade areas (that will change new reserves are developed) and IMO most importantly they are debt fee.

That zero debt position, with a proven cash generating business even at much lower gold prices and lack of committed spending will stand them in very good stead as the current mess unfolds and in a position to take advantage of opportunities which always arise during times of distress.

In light of the RNS and the fact that there has been so much work done at Garadagh I took at look at what plans Azergold had for the deposit (they have removed the content and probably never disclosed very much in the first place) but I found the statement below from a discussion in). Apparently at the end of 2020 (20months ago) they planned to start mining with a target date of 2026 at this and various other sites. But interestingly they go on to say they could start production much sooner - within a year.

I suppose the read across is that they believed they had enough positive exploration data to start operations at that point; so logically it should take AAZ maybe 2 or 3 years and little exploration (reasonable cost) to get sorted and operating - if they are satisfied with the data of course.

That is so much better than a green-field new licence where is can literally take a decade or longer to develop a working mine.

"...Thereby, AzerGold CJSC plans to start production at the Agyokhush field (Dashkesan region) in the coming days. It is also planned to launch the Myaryakh deposit (Dashkesan region) in 2021, while Tulallar deposit and the sulfide phase of the Chovdar deposit (Dashkesan region) in 2022. Besides, the optimization of the project for the commissioning of one of the largest deposits in Europe - the Filizchay polymetallic deposit (Balaken region), makes it possible to shift the start date of work on this field from the previously planned 2027 to 2025. Along with this, AzerGold plans to launch the copper deposits Garadagh, Kharkhar and Jairchay (Shamkir and Gadabay regions) in 2026 and to start production at another polymetallic deposit Mazymchay in Balaken region.

Remarkably, the schedule on commissioning of above named deposits was developed in accordance with the results of preliminary assessment. Based on the conclusions of the next analysis, the Company might make a decision on putting the deposits into operation sooner than scheduled, i.e in the middle of next year."

Fortissimo - interesting "if warped" view there mate, you have no reason to suggest the company will stitch up shareholders, absolutely no evidence or part history that they work against shareholder interests.

If you want to understand financing and other issues - do some research don't guess, why should someone do your research for you?

As for Azergold - THEY ARE NOT A PRIVATE COMPANY, they are owned by the Azerbaijani government and will never lend money to AAZ, they have their hands completely full dealing with major expansion plans of their own and the consequences of the newly acquire territory. In fact they list 11 project areas on their website as well as under the tab "Other Projects" they talk of the potential of the liberated territories and they will certainly inherit a number of operations plus the government will have no choice but involve them in the assessment of damage/pillage by the Armenians.

Just take a look at their website if you can be arsed, one of their strategic objectives is "DEVELOPMENT OF EXTERNAL RELATIONS AND INCREASE OF INCOME". IMO the deal with AAZ was exactly that, it was a victory for them and probably took away the headache of developing the assets when so stretched.

Licences where recently issued to Turkish companies so there is competition for the assets (I'm not aware of what they paid) and I was pleased when they first announced we where getting the licence areas for free (as a swap) -as I thought the trend might be to favour more Turkish companies for all new licences as the Azeri's own them big time for their support in the war. It would also be great for AAZ if they could partner up with a Turkish outfit on some new project IMO, as it would totally cement the company's strong position in country

Throw away one liners are easy criticism, but don't stand up to scrutiny - if you want to argue your point - show some evidence. Looks to me like some of you are looking for demons or playing games, just chucking in curved balls - always happy to debate if you have reasonable comment.

https://azergold.az/en/about/azergold-cjsc

Charlie156 - you are entitled to your viewpoint of course but so am I and the market has not made a judgement on that issue today, there is simply no interest in the company I never expected any significant response today. I'm sure you didn't either.

I don't see either a share buyback or the buying of critical data as doing anything wrong. I've just pointed out that this investment isn't for everyone, I really don't care if shareholders sell and not trying to influence anyone just discussing.
However, I'm not accepting that a share buyback (cautious approach) is wrong by a company in a strong financial position or the new contract areas are not a win - if you think it is please give it a go at explaining WHY.

Gavster-NBC - if you truly are driven by dividends then you are invested in the wrong company - if the business strategy works this will indeed pay dividends but the main driver will be operational growth and that's where spare money will be destined.

The company has made it very clear over several years that the strategy is to grow to a Mid Tier Copper / Gold producer, as such IMO dividends will be a secondary concern not be guaranteed.

We are at odds on this, I want the bulk of the money ploughed back into growth as a long term strategy

If you want dividends look to utilities or FTSE giants, AAZ may not match them for years.

Finally, for anyone scratching their head and wondering - there is NO reason to believe there is anything wrong this the new licence areas - AAZ know the region better than any other entity.

Azergold is the national flagship company that has access to very large licence areas and effectively takes a share of the revenues of AAZ (they "the government" remain 51% owner, the principle is I suppose like the British companies that where privatised e.g. B.P. where the government retained a golden share but no involvement in running the operation).

The Azerbaijani government no longer needs to finance the development but shares in the rewards so it's is a win for them.

On the face of it AAZ is getting a huge amount of data for a pittance and I suspect AAZ will already have been briefed on what they are getting (or they wouldn't have agreed payment) as they are working closely with the government - we are apparently in good standing and well connected. The concessions where free (sort of, see below) and the is data for peanuts so a really good deal

The silver lining for me, is it also highlights that exploration is well advanced so the time to being the new areas into production will be shorter than I had envisaged - I believe that's the main revelation, not immediately obvious, in today's RNS.

Lets not forget the government (effectively Azergold) has got part of Zod as their share of the deal, probably the best gold mine/resource in the Caucuses with very high grades, AAZ might not be able to do something with it, challenging Russian companies and allegedly Oligarchs is not something for AAZ shareholders, the government on the other hand can fight and win.

So IMO it's a Win - Win situation.

Clearly there is a spread of views on this - personally I think it's excellent.

The objective is not to chase the SP up, that is not allowed so they buy modestly at prevailing prices, they said they will hold them in reserve to satisfy a suitable buyer if one emerges - again excellent as it will certainly be at a profit and many institutions simply don't but small quantities in the open market but may want to establish a position in AAZ.

Other key benefits are that it shows the company has no intention having a placing and warns off potential shorters.

WRT dividends, IMO they have got it right "Consistency and Reliability" are key to developing confidence, the actual amount is in the end relatively insignificant, no one is going to get rich on it, a large payback would or at least could be disastrous if they subsequently needed cash for some expansion initiative or investment.

All is well at the moment it could be worse and is for many companies in the sector, the SP weakness is frustrating, but it is stable and we have every chance of a stream of positive news developing

In situations like this PI's are so often their own worst enemies, listening to idiots and being panicked into taking unintended actions . PI's never hold their ground, I've seen it so many times, and that's why they are prime targets for getting fleeced by MMs and the army of traders that are now in the market.

Sorry guys I haven't read all the posts this morning or any other day recently so may have missed some good posts, there are not enough hours in a day to try to sort out the good stuff from the drivel - the BB has gained a following of trolls and opportunists who are basically looking to create stress, distress and hopefully panic shareholders into selling. It don't believe they are true short sellers, there's no sophistication about it, they just post negatives at a rapid rate to swamp opinion and rubbish anyone that dares post a positive view. My recent posts have been met with replies rubbishing my viewpoint as have many others. Does anyone actually read all the rubbish??

What I really find distasteful are the posters that rubbish the share when they have recently sold and then switch instantly to singing the glories when they get the price to buy back in, there is no honesty in their posts - take notice who they are when the SP recovers (don't ever trust them).

This will recover, but as I said a few sessions ago it will have to run it's course first.

Though it may take many weeks to get the first confirmed drill results from Big Red and there appear to be a plan for 5 drill holes at around 1000m/hole, I noticed the company advised that they are using a spectrometer so they can get quick on sight assessment from their geologist and presumably amend or expand the programme based on actual results.

"..A Terraspec unit will be utilized to support mineral mapping and vectoring for drill core and surface samples," comments Ian Harris, President & CEO.

It's great that they raised all the money they need specifically for the well defined programme, it's awful when companies raise money and shareholders don't have any real clue what it's being spent on.

So far I'm very pleased with what I've seen of Libero, they seem to be an outfit that will get out and execute a programme if they are given the money - even better if they find something valuable. It will be interesting to see if they push ahead with a big programme at Macoa new the new left wing president is in place and no one knows what he is going to do yet. I suspect it will be a modest effort this year, maybe a couple of holes.

Most companies trade up and down based on a range of factor and sentiment is based on those factors.

However, from time to time companies are hammered or elevated based on a cycle of undefined fear or optimism. It feels like we are in such a cycle - the way to stop it is if Shareholder hold their ground, but in practice they never do because the market is full of gamblers and opportunists who exhibit pack behaviour and have not bought into the company's proposition. So I most often tell everyone to sell if there are not happy rather than moan continuously without any focus, like it makes a difference

COPL are currently in a Vicious cycle where fear creates more fear and the downward movement becomes almost inevitable for no reason other than fear. I've seen it so many times when resolve is broken and PI's bail out for no reason other than fear. Once started it has to run it's course and eventually reason returns, but putting together reasoned arguments of the BB never seems to have any impact , many have tried - that's why PI's are ripe for a good fleecing by bondholders, MM's and anyone else that puts together a plan.

WRT to the bondholder exercising Warrants on the face of it that actually helps the company financially and shows confidence, but I agree with others there is more going on than just that simple transaction, as it makes no sense to exercise now unless there is/has been a meaningful Short in play somewhere. Bondholders are prime candidates for shorting as they can do it more or less with impunity as the company will need to involve them in the process (at least consult) of any new financing package.

Take your positions guys - but don't be scared as making the correct decision becomes much harder.

Oops - I must try harder, "deadline" should read headline in my previous post.

I good job practically no one reads the BB posts.