Member Info for LordofBurnley

It would be interesting to see on what basis that pessimistic outlook is based.

I also thought it interesting that the company snuck in a tease about plf for this year. plf for March was 70.7% and then in April was already at 74.6%. Whilst that, too, could easily be a bit of spin, at least it is (reasonably) hard fact rather than, I assume, the speculation of Cenkos.

PS - PE down to less than 6.7 (ouch!!)

You're right, John - I should have been listening more closely to your sanguine approach - but I still don't really know why it's soooooooo bad.

...to me, that with AAU having a PE of less than 7 and essentially market cap being equal to net assets at (roughly)£28.5m being equal.

I'm still here and just about above water with an average of 2.3p.

Are there any optimists out there who can see how/when a more positive outlook on the sp might come about or is my recent demise into pessimism (and that of the market, it seems) warranted?

Thanks John. I had a sneaky celebratory brew on Tuesday night. I had hoped, though, they'd have won the league against QPR, selfishly, so I could say I was there when we won it.

Winning it at Blackburn is a pretty good second prize though.

Sad to see such a long-term investor go. All the best to you dj. Hope our paths cross again elsewhere.

As for AAU, Kerim answered (I think) my query about the company strategy. It's clear he sees the company as an explorer and not a miner. I have to say, that doesn't sit comfortably with me. I was hoping that Ariana would potentially do a 'Mariana to Sandstorm' and get bought out. Having a series of JVs set up to fund ongoing exploration seems a complex way of operating and I don't see how the company might ever really generate value.

I'll be sticking around for a while though - maybe a year or two, to see if Kerim can generate value - but don't see myself as a long-term holder any more.

Hi VanVan - thanks for posting this, what seems to me a surprisingly upbeat review of the investor meeting, at least given the recent pessimistic view on this board (to which I do have some sympathy). That being said, I do note that you highlight a number of areas of concern but it does seem a fairly balanced review.

Thanks again.

DJ - thanks for your football reminiscences (although going to a Portsmouth v Millwall game does seem like a reasonable definition of madness (unless you're into thrill-seeking/dangerous experiences).

John - I totally respect your rather downbeat overview of all things AAU. I do muse about such things myself and often wonder what the long-term strategy might be that Dr S is pursuing . Is it to have lots of fingers in lots of pies all being funded by ongoing production at Kiziltepe. This is fine as long as other commercially viable finds happen and are developed before the gold runs out at Kiziltepe! Having lots of JVs does limit the risk I suppose.

Maybe the strategy is to keep going until that bonanza find turns up (if it ever does) and the AAU is ought out with an offer that can't be refused. Isn't this a similar strategy to Mariana back in the day?)

I guess the question is about the extent to which AAU is an explorer (funding new finds from ongoing operations prior to selling out) versus the wish to become a producer with critical mass (with what seems a more scattergun approach to new finds in the hope that one is massively gamechanging to reach that ongoing producer status.

Maybe I've got it all wrong (not the first time).

Anyhow enough of my inane ramblings and onto more pressing matters of perhaps another 3 points for the Clarets against Colin's (I'll leave you to work that one out, DJ) Huddersfield Town.

Good day, all...

I'm still here, C&B. Just posted something that I felt, in hindsight, wasn't particularly edifying and asked the moderators to take it down.
I meant to comeback to you on the footie. The corporate hospitality at Turf Moor was outstanding. We were in the Centenary Suite for the Cov game - food and service fantastic. All the staff were brilliant. Might even do it all again when I've saved up (or Dr S hits his target of 50p per share which I think he mentioned once upon a time).
Millwall tonight... fingers crossed for another 3 points.

As you say, though, not much else going on here apart from some slightly left field chat (although no more left field than Claret conversation or classic cars which was the subject of choice on here at one time)

Fair enough, Bismarck. If the numbers come out OK for Q3 then it augers well for the future when the lower coal prices finally do feed into the numbers.

Nine month trading update due any day now if history is anything to go by.

Fingers crossed the lower coal prices being discussed are beginning to come through in the results.

Quick top up for me with 25000 at 2.97p, John

I admire your trading bravery

"It’s been many years that AAU has been top of my watchlist."
" it’s time to realise the profits here and move on"

These statements, belar, seem to suggest you have been looking to invest here as well as being invested and now about to sell . Your argument is poorly presented and so weakens your ideas (and credibility)....at least in my eyes.

Welcome on board (at least for today), belar, it's been nice having you around

You come across as too sane of mind to blank the likes of me and C&B (and a few other great posters on here)!

You could actually be a Burnley fan with that type of comment i.e. 'all looking good but still plenty of time for it to go horribly wrong' - ha ha

Thanks for your kind and instructive post, NOVECKINGOOD. I shall take your thoughts on board.

Have a nice day.

...still here, John, although not posting much.

Does seem to be a general upward trajectory/pressure on the sp right now....fingers crossed. (Hopefully I've not put a commentator's curse on things, now!)

Does it not seem as though a big order is being filled? The trades today, for example are such that I would have thought the sp might drop but that hasn't happened (yet!!).

Wtfdik, though!?

Another time, maybe, C&B and I can buy you a Guinness in the Miners before a game?

I'm not sure where your daughter works but me and Mrs LoB will be in the Centenary Lounge on the Longside (can I still call it that?)

I have to say I'm one of the supporters of the current board at Burnley and Alan Pace in particular. If he ever gets fed up at Turf Moor, perhaps he could become a NED at AAU and give Kerim a hand!!!??!

Enjoy the game on Saturday and, yes, another 3 points would be very pleasant.

Sorry to others on the board for unbridled Burnley chat - normal service to resume with more AAU conversation.....

I'm not expecting another divi any time soon....although I am hoping the sp perks up a bit with a little more regular (good) news.

C&B - I am going on this weekend, funnily enough. I'm doing the full hospitality thing as a treat to myself for my 60th birthday! Never done the prawn sarnie thing before but using credit from Mr Pace buying my one share in BFC to go for the full-on pie and peas (not sure if they'll get any prawns in for me) extravaganza

Appreciate your (P1D) and your fellow Potteries-types kind donation to the Burnley resurrection fund.

Happy New Year to all on here