Member Info for Moneymaker2015

Presumably the shares are for fees incurred thus far, it’s surprising UBS aren’t holding on to them though.

As daft as this original post is, some asking should they gamble their life saving to try and pay off a debt, I do have to agree with FiftyShades post.

I usually work off a very minimum of 10 different stocks in my portfolio and never allow one of them to make-up more than 50% of my entire holding (with the exception if one of them 40 bags like EUA has now, then I it may make-up slightly more until it is sold). I’m fortunate in that being adverse to risk has put me in a position where I have withdrawn more than I have ever invested of my own money and now have a nice portfolio that is just ‘monopoly money’ until it gets sent to my bank. The motto has already been said by someone else, but if you need the money, don’t invest it, simple.

That’s about the same as I have to pay deal. The share price would have to treble for me to just break even!

Yeh I’d have to agree with Seadog on this one. DS and CS have been involved for many years now, they will surely be looking for some return on their holding. Potentially part cash and part holding, but it would be very surprising if they were to accept an all share deal.

To be fair it’s had a nice little tick-up from the lows of last week. I think it’s the sentiment towards LC that is holding this back at the moment. I’d like to think with gold prices as they are, if he can organise funding that is beneficial to us in September this should start moving fairly quick.

Yeh I’ve got to say, out of all the chairman’s statements I’ve ever read, that was the one that gripped me the most. You can tell the BoD are genuinely happy with what they are achieving.

Yes we could all moan when we see other shares spiking rapidly that don’t have the same quality of assets or are way behind in terms of production, but the recent pandemic has shown how robust AAU actually is. Since production began the share price has been on a constant, just very slow upward trend. Mining stocks all around the world plummeted on the outbreak of Covid-19, many haven’t yet even returned to their pre-Covid19 levels. Currently AAU has far exceeded its previous position. The price of gold has definitely helped bring more recognition our way, but I don’t think many people yet realise the true potential of Tavsan and Salinbas, nevermind the copper projects that are in the pipeline. The future is definitely bright for AAU and I’m glad to be a holder.

Hopefully it will be this week. I’m working off them not actually confirming it until next week. I don’t want to be sat checking for updates all of Friday preying good news will come in haha.

I think it’s likely the price of gold pushing this up. I’ve got 3 other gold shares that are all up today too. It’s putting us in a good position for when news does drop. Hopefully we’ll hear something by the end of next week.

I was saying on AAU earlier, I can see it hitting $2000 in the not so distant future. Once it hit $1830, it didn’t take too long to get up to $1900. I thought it may get to $2000 by the time we start mining. The way things are going it may be a fair bit higher than that.

They’re absolutely flying at the moment. I wouldn’t be surprised if gold hits $2000 fairly quickly either. Once it hit about $1830, it smashed $1900 fairly soon after.

I understand Calamari’s point of view in that there is no certainty that we’ll receive the flanks licence. I’d like to think it won’t be too far off now considering we submitted the application nearly 11 months ago and SevZapNedra are just rubber stamping it.

The main difference with SXX is that they were banking on funding. EUA are just hopeful of the flanks. The BoD have said for years that the 2m oz deposit is going to be a company maker. Even if we didn’t get the flanks licence we still have a deposit that will make a couple of hundred million a year at the current prices. The risk is the sale. If SevZapNedra were to refuse the flanks, any offers would be considerably lower and possibly somewhere around the current share price.

Just saw this now. I meant cant* be too far off AAU dishing out annual divi.

I’m hoping to take a slightly different approach if all things go well. Having been here since around 1p, I took the value of my original investment out around 3.3p, so now on a free carry. I wouldn’t usually do this but I am hoping to have a top-up again here once news comes in from EUA. Gold is expected to keep rising and we can be too far off AAU dishing out annual dividends. I too still see the current share price as an absolute bargain, even if we have reduced our holding to 25%.

I’m presuming the sudden rise yesterday was because of the increase in gold price, can’t think what else would have triggered it. Either way nice to see us get passed 4p, we’ve been stuck there for an age.

On the price of gold, I was just looking where it was over the last couple of years and even though we’re shortly going to be losing half our holding in Zenit, we’re not going to be much worse off.

Just some very quick fag packet calcs:

- Average 2018/19 gold price was around $1300/oz
- Less cost circa $500/oz = $800/oz
- 50% holding = $400/oz

- Current Au price $1900/oz
- Less $500 = $1400/oz
- 25% holding = $350/oz

Obviously those are just very quick calcs but it shows just how much the price of gold is helping us in this deal. I know it’s going to be a few years off year but when Tavsan and Salinbas finally get off the ground, even with our much smaller holdings they are going to generate a nice profit. Having been here for 3 or more years and sitting on a nice paper profit, I’m happy to just leave it a while longer. One day this will be flying.

Mrb, you’ve got asses the risk against the prospects. Truthfully, is EUA share price going to go anywhere until news of a sale, unlikely. We may get confirmation of the flanks licence should that come in before any offer, but that is just a maybe. Some of the others you’ve mentioned may keep rising for while or may have potential to 20 bag, but without me looking into those specific companies you can only look at the risks involved. Some of those others may be very low risk, in this case they tend to be gradual to increase but to double your money is unlikely. Others may have great potential to multi-bag short term, but these kinds of companies tend to have greater levels of risk. EUA however, is in a position whereby to double your money (or more) at these levels looks highly likely and the risks are minimal. Worst case scenario and no satisfactory offers came in, yes the share price may drop long term but in a few years the company will be worth multiples of what we could get in a sale right now. It’s a fairly low risk investment over the long term compared to most.

I top sliced around 2.5p to take out my initial investment and then again at 13p for another 3x my initial investment. Now it’s time to sit back and wait for the end game or atleast until the initial offer comes in.

It’s mid-day and the live price is currently higher than our open. I’m presuming you’re relatively new to trading because based on the current position it’s more likely to close nearer 19p than 16.5p.

To be fair to Calamari, he isn’t making some interesting points. I myself don’t like the whole ‘gain’ situation on paper as if you were value Vanchem 3 months ago in the height of the Covid-19 outbreak, the gain would likely to have dissolved considerably. The gain does however need to be shown on the balance sheet at some point as it will form part of our NAV in future reports. When the report came out there were a few on here talking about us making £60m+ profit each year because the gain had mislead them.

The EBITA is a much better way of looking at the companies share price position. I’d avoid looking at the NAV alone too much because for a shareholder it’s only really relevant in an asset sale or if the company requires liquidity. The EBITA gives you an accurate view of where the company is heading given certain market conditions. It also gives shareholders an indication of the prospects of a future dividend.

Yeh we found that out when we were suspended. There would have been many that planned to buy back in on the morning only to find they couldn’t. Next thing, 5 months later we had all doubled our money or trebled it by the 2nd day of trading. I’m sure they’ll still be kicking their wounds.

I can see the same here anytime in the next month or two. One morning we’ll get news of an offer and the share price will be two or three times higher than the previous trading day.

Pdub, I was talking about a bounce today going back to yesterday’s position in response to the ‘bounce’ thread. As I said, I’d thought the recent rise would have kept us above the 12p mark.

BMN aside, I hope all goes well with the treatment and wish you a speedy recovery.