Member Info for leehardcastle

I don’t get the Alliance news report, it’s stating the banks HSBC and BNP Paribas have bought the debts (Mezzanine facility) from the major share holders, as it the banks now own all the debts, that’s the wrong way round, am I crazy? the major shareholders have bought the debts from the banks, that’s how the last 2 RNS read, so how is the news flash from “Alliance news” state it the opposite way round, am I missing something?

This effect is called consolidating, perfectly natural effect, but each time the price will ratchet a little higher on the way up, Look at AAZ share price path, it’s a snake and ladders all the way from 4p to 170p and many will have got caught out trying to catch the rise and falls, but I know with 100% certainty, those who bought at 4p, 14p, 24p, 34p etc etc, they all made multiples of their investment by doing one simple thing, nothing, just watch and wait, we will follow that path, everything is in place to grow this business, the good times have literally just started, allow 3 years before we see the massive gains coming, just enjoy being part of the ride, when the debts are cleared and new ground is proved up, dividends flowing, we will be laughing at the days when we were a penny share.
Have a chilled weekend everyone, your holding an opportunity of a life time, don’t forget that.

Quiet day today, Q4 results still not here, I bet we get them Monday at 7.00am, the new finance terms can't be long either, must say I'm mostly interested to see them, be good to know if we benefit from any reduction the banks may have taken for a full early exit, its a business transaction so has to be transparent and PIs must be privvy to the deal, thought anyone?

Definitely a big buyer soaking every share available, 1.8p 1.9p will shake a few out, when that drys up, he will offer 2p 2.1p 2.2p etc, still think it’s related to the major shareholders expanding their ownership.
Hold tight boys, this will ratchet higher, and selling to get back in cheaper isn’t going to work well.

I have a feeling that a share price of 3p is low at our current position, fair would be as high as 5p (£100 million market cap) with strong results, with that in mind, the largest share holders could be buying as many of the remaining shares in existence, whilst they are under valued, the large buyer is taking up millions at 1.2p 1.3p 1.4p 1.5p 1.6p 1.7p etc etc, at each point PIs are cashing in on small profits, they know that will happen, so I’m sure they are temporarily holding back on really positive news or offers, Our major shareholders made an offer of 13p years back and was rejected, what stops them making an offer today, and what price would that be? But before making an offer, buy as many on the cheap as possible would be my strategy if I had the funds to buy the whole business, lock stock and barrel, so my advice is hold, selling is crazy, buy if you have the funds, there are people here who paid 26p a share (Roy) there are some who paid 42p in the early days, so no ones missed the boat at 1.8p or 2.8p or 3.8p, these are still early days in a huge recovery play.
Massively exciting times ahead, don’t miss out

I remind myself regularly that we shouldn’t be this low a share price, and AAZ was the model I still believe we will follow, I bet that most buying in the pennies at AAZ never saw the pounds, because it’s hard to watch money flow in and out as the share price see saws, of which is completely natural, but when the prospects are unchanged or getting better, you relax and let the share price find its natural level, higher peaks with every rise, we are on the same journey as AAZ, I’m confident leaving this untouched will reap huge rewards. GLA

Remember when they said that it was game over, and sorry I got this one wrong, the banks are for for-closing , turned out utter tosh, I can’t believe they can promote a share, then release utter tosh and never mention the share again, and to round things off, you pay them a subscription for the articles, pleased those ignored his advice and held tight, today we have got to an agreement, no more banks, excellent day.

$1587 an ounce, its a shame it’s rising at the expense of people’s lives, this virus hit the U.K. today, that’s not good news

The price is up, this news was expected, very welcome to see the ink dry, the real rises will come with good refinance terms, patience and good results quarterly results, steady away boys and girls, plus spikes just incite twats on here

They were good enough for the major shareholders to spend around $60 million more on the venture, if thats not confindence enough in our future, I dont know what is, oh, damn, I'm meant to be working.

Oh, before I sign off, try buying a million, IG quoting me 4p, good luck all

Offering 1.525p for a million shares, no one tempted? of course not, you shouldnt be, MMs must be running low on stock now, buying all morning, no one selling, its a matter of time before this move higher today, Q4 results on Monday I thinks, got to do some work now so have a great weekend and congratulations to the usual crowd, patience really is a virtue.

If you ever followed AAZ, it was 4p for a reason, it looked like it was going bust, but they achieved the impossible and got the finance required to carry on, they reached 40p over the years as production numbers came in and the debt fell, then they announced they were debt free and were about to pay a dividend, 80p in a matter of weeks, then gold rised from $1250 to $1550 and they hit 170p and have stabalised at 140p, they produce 80k ounces per annum and have a shorter LOM.
Are we a BUY today, take a look at AAZ history and you have your answer.

The debt is creeping up with interest as you state, but the income from gold sales is more than covering that interest. we are actually cash positive every month and that ammount is increasing month on month, we have spent millions on CAPEX improvements recently and yet have managed to collect millions in the bank, with the new refinance deal, the 20% temporary loan rates have vanished, and the interest ammounts will decrease immediately, gold is running at an all time high since we started production, gold output is at a all time high since we started production, and may even be higher this quarter, can you see a better place to put your money today, because this is the real deal, a sustainable gold mine with a very bright future and the market has yet to realise, no selling today because its a no brainer, today is the perfect time to get a slice if you havent already

Think he may leave that news for Monday, once the terms of our new loan are released then the Directors can get on board and buy some shares themselves, that would be the cherry on this very fine cake

We leave the uncertainty of the banks grip, on the same day we leave the EU, what a day :-) The deal will be set already, MTL would only allow the deal to happen if it was good enough, DB had already stated it makes us sustainable and allows him to concentrate on production, wow, even though I have utter faith it’s a relief to see it come through, happy days ahead for all.

Be good to have left the grip of the banks on the same day as we leave the EU, it will make it a very memorable day

The big background buyer was driving volumes up, us little PIs are buying what we can afford, most here are all ready holding good positions, we could do with some real press coverage on the company to let others know we are here, it was coverage in an article that excited me at 5p a share back in Dec 2016, when they were about to start production and had secured fresh bank loans, as we know, it’s taken longer to get to speed than planned, but the ships sailing now, I have no doubt on that, when the ink dries on this new refinance we should get some decent write ups on such a pivotal moment, in will come fresh money to grab a slice whilst we are at bargain levels.

I think all 3 are certainly possible, I think production may take another 6 to 12 months to reach nameplate 100K ounces, given we have gone from 12k ounces to 19K ounces over the previos Q1 to Q3 period, an immediate debt reduction would be amazing, and future projects highlighted, perhaps a start date to proving up the remaining landbank, we own 6 times more land than we are utilising for this current gold recovery, of which we still have 7 years life in digging through.
The mind boggles to the scale of this companies potential, sat at a tiny $30 million market cap.

Good point Volmer, the numbers may not be privvy to us, what we want to know is the consolidated debt total ammount and at what interest rate and repayment period, those figures are the important ones, a sensible interest rate is key, lets say LIBOR plus 5% would be fair, (1.9% + 5.0%) 6.9% would be around $715K a month interest on $125 million debt, dropping with each quarter as the loan shrinks, if they have bought the banks debt cheaply and they pass part of the reduction to the company, then those figures would be even better, at gold sales of 20k ounces per quarter or 6666 ounces per month, $107 dollars of the $1570 per ounce current price would cover the interest, affordable? certainly, bear in mind that drops with every quarter as we pay back capital, as DB hinted, we will finally have a sustainable business, at 25K ounces per quarter the interest drops to $85 per ounce sold, again the interest will shrink as the loan gets smaller with capital payments, 2020 will be our turnaround year, at what rate is hard to judge, but this ship is out of the dock and taking sail.