Member Info for Moneymaker2015

Yes it’s what I’ve been saying for a while. The whole sale process was never about them trying to get a lot of money for the project. At the time they put the for sale sign up, they hadn’t didn’t have a big cash balance and had to cough-up half of the initial production costs. It’s never been about them not wanting the mine, which is why I personally believe an agreement will be reached. Plus, their shareholders did complain when the for-sale sign did go up as it’s so close to production compared to thei other projects.

To be fair to SAU, they’ve discussed it a couple of times in interviews with Proactive Investors and each time mentioned it could include a share deal or royalty.

The only thing I’m not 100% clear on is whether we have access to the cash for a settlement. I know we have access to it through the pre-payment for gold loan, but it’s never been said if we can use that for the purchase or if indeed we’ll be able to draw that amount down as there’s no guarantee that we’ll be able to draw any amount over the minimum $5m, plus we’ve already had a first tranche but don’t the value of it. If I knew we definitely had access to the cash I’d be throwing more money into this myself, it’s not knowing this for definite that is niggling me.

Same, I’m hoping BMV get some news this month, then if they manage to push towards 15-20p by the end of the year, my plan would be to sell-up 50% of that and to put in here as a safe haven.

Plus, the BoD have mentioned a couple of times in the past that they’re interested in some of SAU’s other projects, so we’ll definitely be looking to give SAU what they want, provided it’s mutually beneficial.

The bright side for BMV is that they have the overruling hand. Provided we can indeed fund the purchase with a cash settlement, we can just pay-up and have shut of it, without any equity or royalty agreements.

I think they’ll revert back to the scrip dividend again. I’d be surprised if they paid a cash dividend before the debt is paid off as the focus from day one has been to plough all available cash into paying off the debt, which to be fair is the most sensible way to do it.

Couldn’t agree more. Out of the 20-30 companies I'm holding shares, I see OPG as the lowest risk. Yes, others have more growth potential sure, but the chances of OPG diluting or struggling for cash are near zero. Plus, once the debt is repaid in a few years, a dividend is inevitable.

It’s a tough one, like you say the don’t need the cash at the moment. I was thinking a divi myself but there projects are a fair bit behind our JV, so if they paid out a divi now and then had to do a raise in a few years time they’d get crucified. I think they’ll want to retain a decent level of interest here, as it would enable them to pay a small divi, whilst also having access to our future profits.

The silver lining to this deal is that it’s a fairly small sum of money in the grand scheme of things and neither company would benefit from not coming to an agreement. It’s for this reason why I’m optimistic it will be sorted fairly quickly... and also the reason why I have ended up balls-deep here over the last month! I’ve trebled my previous holding over the last month and got my average from below 2p to now nearer 4p. Doing well on EUA and GGP last year have managed to feed my BMV addiction haha.

To be fair, I can live with the no chat and no trades, it’s news I want. If we got good news and somehow the share price stayed the same for the next 12 months I wouldn’t even care because I know the potential here. It’s the not actually knowing what’s going to happen that killing me!

... off a cliff again already! I know the rise was pretty quick but I genuinely thought we were going to stay around 17p from now on.

Always makes me a bit more wary when I’m around the breaking even mark. Much prefer having a little bit of a cushion just incase some bad news comes in.

Go back to sleep son, it could be another 10 trading days yet!

Would be nice if news dropped this week though, they don’t need to leave things until the final date...

As always positive news once again. Good to see updates on Tavsan, Salinbas and Venus minerals too.

I’d prefer we didn’t consolidate personally. Having been through about 15 consolidations for varying reasons, every single one has been detrimental to the share price.

News on Togo being granted May get us to 0.50 or 0.60. I don’t think Diamond Creek alone would be able to do it until full production as it’s quite a big jump in mcap.

To be fair, I don’t think anyone is expecting any astonishing from the next lot of accounts. However, seeing a continued progression over the last 12 months and the impact that DMSL has had on the company could underpin the share price at a certain level.

The main thing people have to consider here is our current mcap at £4.75m. When you compare this to TOOP’s 2019 revenue of £2.4m and gross profit of £470k and DMSL’s at £3.1m and £330k respectively. Our mcap and ultimately the share price is massively undervalued, especially when you take into consideration the £1.6m of annualised synergies and savings.

If the accounts show further progression, like we’ve already had year on year, it could set us up for a well needed rerate. At the very least I think it will prop-up the current share price, meaning it’s nothing but blue sky for the foreseeable future.

I’ve got to the point where I’ve been checked SAU’s announcements at night so see if any news has dropped!

I’m planning on still being here in 5 years but the news we get this month could be the most important the company may get in all that time.

I wonder what’s bought this rise on. Looks like people are scrabbling to get in before the weekend.

I think it’s just drifting downwards through a lack of substantial news. To be fair, they’ve released some good news over the last 12 months but a lot of it relates to new ‘contract wins’. Whilst these ‘contract wins’ sound good, there’s nothing of worth included with them i.e. projected revenues and/or margins. Effectively they’re useless for an investor because we don’t know how it impacts the company.

Personally, I think we’ll keep drifting downwards until we get some substantial news. Hopefully the next lot of results will provide enough information.

Just think how blue the rest of the year will be if we get the news we’re hoping for this month!

Haven’t looked in on this board for a while as I’d sold-up most of my holding last month (about 95%) as I needed the cash. Just read this thread and the arguing over percentages made me laugh, some people are clearly getting a little bored.

During the last 15 months EUA has had a number of rises and falls, starting with .45p - 4p, then dropping to 2.5p, before jumping to 7p prior to suspension. The suspension was lifted and it shot to 13p, then fired up to 21p before dropping to 17p... this goes on to 42p and back down to the current price.

Each of those are fairly big percentage changes and it will keep happening until news finally drops. Surely people have better things to do with their lives than argue about these percent changes!

On a side note, EUA has definitely been one of my most successful; buying in at 0.45p and selling my last big chunk at 42p last month... that’s 9233.33% to those percentage lovers out there!

I think either way it’s a good time to be putting money into SAU. If they get money off BMV, it’s unlikely they’ll ever have to invest again. If it turns out to predominantly be a share deal, they are currently in a good cash position so it’s still unlikely they’ll have to dilute, but would have leverage of our shares if required.

MTR definitely see SAU as a good opportunity considering to amount of exploration they are undertaking.

Yeh I saw that earlier. I know it’s a conspiracy theory but; it makes me wonder if they know something the rest of us don’t, so they’re buying-up before any share price rise.

I’m in mixed minds as 4 tonnes is a bit of a let down. I was hoping they would processed a fair bit more than this, even in the trial process.

It will be interesting to see what the results are like and how much they will be able to process in the future. However, just based on the 4 tonnes, if indeed they did manage the 2.28g/t at 30%, that would be 9.12g or 0.32oz, x30% = 0.096oz, so $182 before costs (if my fag packet calcs are correct).