Member Info for LordofBurnley

(shakes head, again)

Well, seems like something (good?) might be brewing just now.

RNS tomorrow?

If this goes below 10p again I'm topping up, big time.

Of course do your own research but in my humble opinion, this bumping along at 10-11p can't continue given the numbers we know and the prospects going forward

Back on the 2p date....looks like my guess at June is hopelessly wrong> VanVan seems to be doing best with a guess at 2p by end March.

Are things looking up, here? Jeez I hope so.

Anyhow, I'm in a more upbeat mood after the London Stadium performance yesterday. Never been stood - no-one was sitting - with fellow Clarets as I was, quite so disbelieving, of a wonder goal to start with and a 2-0 lead by half time. Normal service resumed in the second half, though.....

Some buying pressure this morning? To my layman's eye, it looks like it. Hopefully will pop at some point soon

What C&B said (both regarding AAU and the Clarets).

All a bit depressing.......

...and to put things further into perspective, net assets are 4 times the current market cap. In theory OPG should just close the business, cash in its assets and pay all shareholders something in excess of 40p per share. (I'm being simplistic and deliberately provocative but I'm agreeing with the likes of Ronaldtrump that OPG is just ridiculously undervalued right now...and, yes, I am a shareholder and have been buying at these low levels...although, as ever dyor)

I understand where you're coming from, John, but what I don't get is why the market infers that that RNS is bad news? What's the alternative....the company doesn't say what the drilling results are or the company produces drilling results saying 'we've found nothing...what a shame'. In either of these latter scenarios I could understand the company and sp getting battered.

What I don't understand is great drilling results leading to an sp drop. I'm not daft enough, though, to suggest all's well as a result of this (and other) RNS(s). It's fine saying 'we've found something'.....it's a different matter then getting it out of the ground profitably.

I guess what I'm saying is I don't understand the sp drop just now but equally I wouldn't expect an uplift n the sp until there's more meat on the bones about what precisely there is here (and in other projects) and how it's going to be profitably mined (with timescales that we can trust).

I would have expected the market reaction to that RNS to be non-plussed with little, if any, movement either way

OK - I'll play along.

Back over 2p by June 7th when we have had definitive news of first gold coming from Tavsan......that is not actual gold from Tavsan, just a confirmed date in the future when we will have some....

Thanks, Hazbeen

Bubba - have Q3 results been released somewhere, as you predicted? If so, could you point me in the direction of where to find them, please? Thanks. (Sorry - this posting may come across as being sarcastic....it's not meant to be....I'm genuinely hoping the Q3 results are out somewhere)

It's me, Davey......I'm launching a takeover by buying single shares for the foreseeable future. It means I'm doing it without affecting the sp although I suspect it'll take me well past the end of my lifetime before I get anywhere near completing it....meanwhile the transaction costs are killing me!!

PS the above is a poor attempt at satire and not to be taken seriously.

Of course, you're right. Zenit's investment in plant etc will depress their profits and so depress AAU's share, I guess. Oh the irony of us still having to pay for the development of any mines going forward, having given away so much to Zenit...........

PS I, too, like the @rse censorship earlier......they won't get me this time, though!!! (Well. I hope not)

hi john - thanks for your reply.

whilst i understand we're looking at the balance sheet for end of 2022, and there might well have been investment in tavsan (or plant, elsewhere, for that matter), we have also been earning our whopping 23.5% from the 18000oz of gold. i reckon this should be (conservatively) about £3m i.e. 18000oz with our net share being, say, $200 per oz = $3.6m

that cash should, in theory have contributed to strengthening the balance sheet and, ironically might even make the nav per share higher than the 2.32p.

as you say, though, the lack of info from the board about not just this but almost everything else is staggering (apart form the usual 'is pleased to inform about another (small) hole in the ground with some interesting minerals which we are unlikely ever to mine (profitably)'.

sorry, i'm getting more cynical in my old age.....and i used to be one of the more optimistic posters on here......

i suspect there's more chance of burnley beating ****nal on saturday than there is of ks giving us some helpful info any time soon......

Looks a slightly odd Balance Sheet for Ariana. Hardly any assets (like plant for mines etc) showing and so not being written off over time. Most of the assets are either cash or 'investments'. Whilst I'm far from being an accountant, unless there's a large rights issue or any of those investments are written off (for whatever reason) then, even with production being down, as long as there's a profit being declared, then the net assets are likely to increase (and, in turn so will the NAV per share...unless, as I say, more shares are issued.

I'm probably massively wrong (and happy to be put right by those more qualified than me) but to my layman's eyes it does appear as though it would be better just to shut up shop and pay out the asset value to the shareholders right now.

I do begin to wonder, John (if it's beyond management's wit).....

I'm not selling out myself....it just doesn't make sense when the NAV per share is 2.32p. as I say, though, some director buying wouldn't go amiss or, as you say, John, some statement from management about sp movements would be appropriate. What is not appropriate is a lack of management comment/intervention.

Nm

....if things are always so good...so why aren't we seeing directors piling in at these levels? Hmmmmmmm......

PS Had to log in to 'recommend', in all sadness, your last post, John

I think you're right, Ronald......a close family member is a fund manager (of a small fund) and even he's precluded from buying into businesses such as OPG...partly because the business is too small but mainly because the City is obsessed with the ESG (environmental, social and governance) agenda which OPG hardly fits the bill (currently, at least).

Once the big seller is out of the way, even with the fact that OPG is burning coal, the fact that the business is churning out cash (which could be used to improve it's ESG credentials and/or pay a divi) means the sp is likely to respond positively in due course.

Just bought a few more (18000) myself this morning, rivaldo. Good to see you over here as well as in INSE