I struggle with the argument about being happy with gradual guidance improvement. AAZ proved in Q3 that they are able to hit 24k geo's so that should almost be accepted as the norm hence my expectations for 90-95k this year. They have been stating for years that they want to be a mid-tier gold miner. Now's the time to show the market what you can do. That will get the attention of new holders.
Well there's at least 3 RNS's due before end of Q1. Production guidance for 2019 (I predict 90-95k GEO's). Then the JORC for Gadir and then the helicopter survey results which we know will highlight some new area's. The 2019 guidance is the only one out of the 3 that will likely have the least impact on price imho. Having seen AAZ bounce quickly from the recent sell off I don't think many will try that tactic again unless the price runs away into the £1.20's.
So many positives around this company at the moment it's best to ride the waves.
Agreed it will get there hopefully soon. Gold outlook this year is very promising indeed. AAZ news should continue to be positive so potential for another good year. For those that follow charts AAZ seems to be following EW theory to the T
You're almost on the boarderline of ramping with your posts. AAZ has proven to be a great investment for those who were lucky enough to be buying in around the lows of 4p.
Everything since then has been positive. Most of that is down to the management in the decisions taken and some just good timing. This looks like continuing into 2019 with £ likely to remain weak until Brexit is resolved. Gold looks like heading to 1300 which is also welcome.
I also see £1.50p sometime in 2019 but I'm not sure it will come in the next 3 months. AAZ has steadily increased its price with very little pullbacks along the way. Next year we should see turnover approaching 120million $ with 100k GEO's. Q4 2018 needs to hit 25k imho to prove that is viable in 2019. Div's I expect to climb 10% from the maiden so 3.3c declared with 2019 interims and maybe 3.5c with 2019 full. Happy to hear others views. HNY in advanced
Not sure we're looking at a takeover candidate to be fair. However, agree with everything else you state. Increased GEO's going forward with the expectation of more than 100kGEO's in 2019. Gold hopefully heading towards 1300 and we will be in a lovely place.
Spider Tricks. It's been a great ride so far. I'm sure you're already aware of the great forum on advfn? Great information shared there. Expecting at least 2 RNS's before the year is out. Both expected to be positive. Just remember $50 million of debt cleared in just over 3 years. Mind boggling. Hard to find a better investment IMHO with the markets the way they are currently. If gold goes on a run then we could easily see £2-£3 here.
SpiderTricks should be twice a year and announced with results. This share is life changing for me. Started buying in the 60's and went in big at 4p and have been buying since. Div reinvested as well. Good luck. Will hopefully see £1 before Christmas
Because your holding is larger than you would be able to sell in the market without taking a hit on the price.
I'd be surprised if the tender offer is 100% successful imho. It will however allow those that have sizable holdings to reduce their holdings at a fixed price which they would struggle to do in the open market. I'll be holding though for the sp rerate which will come early part of next year all being well. Will continue to accumulate on any further weakness
Hi Andrew, thanks for your posts. I like many find them very informative. I have a question I'd like to ask you and feel free to decline if you so wish. I'm just interested if you have more access to the board having a notifiable holding? I'm in for just over a million shares, not £'s, so maybe not watching this as close as you are. I too like the story and think we're in for a great few months of RNS"s