Member Info for Moneymaker2015

Yeh it would’ve took a while to get that volume through. They’re some very hefty buys! Does some know something I wonder...?

Robbie, the pre-Covid sp was around 0.3p, so if anything it’s going to head back towards this price, not 0.15p. However, with production starting finally next month after many years, it’s much more likely to continue going upwards in the short term.

I like Vast’s portfolio, but the company just does placings for fun! It just means shareholders never get any value when news is issued. Last time I saw they were on about 11 or 12 Billion shares issues, or something silly like that.

As exploration is Ariana’s speciality, it’s likely that they would continue with the drill programme themselves as they will be the ones doing the majority of the work anyway. Presumably, the new partner will just be funding the exploration and then focusing their own work on the production side of things at Kiliztipe and shortly Tavsan. The only thing that may have delayed it is the timing of the MoU now it’s been pushed back to the end of the month. As the new partner is due to spend $8M on exploration as part of their earn-in, both parties would be looking into how starting the exploration will effect the earn-in. For example, will Ariana get paid for the work they’ve already done (if they have started beforehand), would there still be $8M of exploration to do anyway so commencing now have no effect on the earn-in or potentially if AAU covered the costs now could the $8M be used to get Salinbas into production and reduce

It’s advantageous to both parties to have already started the drill programme. It just depends on whether or not it will pose a contractual issue to the earn-in agreement.

One thing that’s worth keeping in mind is Covid-19. I haven’t looked into current situation in Turkey but if there’s still restrictive measures in place, commercially it may have been a better idea to put the drill programme on hold for a couple of months.

Either way, only about 3 more weeks now to find out whether or not we’re bringing in a new partner or going it alone. As nice as it would be to have the cash in the bank from the partnership, just think of the potential at Salinbas after the drill programme. We could sell-up for over $250M and pay out a nice special divi. Wishful thinking on my behalf but it would be nice.

I’ve been working late tonight on a dissertation and whilst taking a break thought I’d skim through some of BMV’s data.

One thing I hadn’t really clocked on to much previously was the actual potential of Gubong. I knew KORES estimated the remaining to be in the region of 500k oz Au. However, both Colin and Charles believe that Gubong may well have another 5Moz of gold that could be mined. Yes that’s right 5Moz!

To put that into perspective:

If we assume gold stays circa $1700/oz for the life of the mine. That’s $8.5 Billion in situ value.

At a conservative rate of $1000/oz after costs. That would be $5 Billion to the JV.

That’s a whopping $2.5 Billion to BMV over the life of the mine, after costs!

Bear in mind the above is assuming gold stays at $1700/oz, yet a number of analysts have tipped it to be near $3000/oz by the end of 2021.

Hopefully Colin and Charles belief can be made JORC compliant as this would absolutely sky rocket the value of the company.

Ironic this because someone called Jonesy on the KDNC bb has been talking about his huge loss due to the consolidation they had. I’m not saying you’re the same person but it is rather ironic.

ThisisMine, you never know, in a few months we may all be sat on a beach in the Bahamas sipping ****tails together and discussing how happy we are that we didn’t miss the EUA ride.

KAT’s got good potential to make a return, but I wouldn’t be expecting a 10 bagger or anything along those lines anytime soon. They’re only looking to produce 35k oz per annum, of which KAT are only going to receive 50%. When you compare it against BMV or AAU that are in a very similar positions but are both aiming to produce 100k oz per annum, it puts it into perspective how small the project is that we have at Blyvoor.

I like KDNC but I can’t see how they’re going to keep going without further dilution. They’ve got very few shares issued and currently only hold small percentages of each of their projects.

Today’s news is very good but the project still has quite some time until it’s fully up and running. A lot of traders will dump today’s buying within the next couple of weeks and a few people will likely get trapped at a high price.

If those buys are from a serious investor they may be in a position to make a lot of money! Hopefully it’s not just a pump and dump attempt.

There’s only one thing we can learn from this post and that is that TigerBytheTail drastically struggles to properly value a company. It would be as advisable to disregard any investing advice he/she provides, not just on EUA but on the stock market in general as he/she will likely lose you a lot of money.

Good man! I use spreadsheets for nearly everything, so like your style.

This is a prime example of why the BoD should not try and rush a sale. As much as everyone wants us to come out of suspension or hear news of a sale soon. The BoD have a very good bargaining position, moreso because we already have the funding in place to go it alone also. There’s no reason for them to rush a sale and accept any low ball offers. I’d much rather us sit tight for 6 months and get another couple of $100m on the price.

The only thing we’ve got against us is there’s only a select few that can actually afford to make an offer and we’re relying on a number of them to actual make offers.

Either way, good times ahead.

I’m surprised they haven’t closed the spread to make it more enticing for sellars and ultimately more attractive for buyers.

Either way, I like that we’re heading for 5p+ before funding is confirmed. Hopefully once it’s over the line and mining progress updates start flowing we’ll see some big buys coming in because the level of risk will be extremely low.

I can’t believe that someone is trying to argue that Citic Merchant Co. isn’t Citic Bank. Citic Merchant Co. is the subsidiary of Citic Bank (51% interest, so a majority not minority) that deals with m&a’s.

This is just another bad attempt to unnerve some genuine shareholders, pitiful.

From my own experience it’s always more profitable to hold long term. Others will say different but there’s been many times when I’ve traded and then ‘missed the boat’, to the point where I would be a lot wealthier now if I’d held on to a few stocks rather than trading. Trading does have its advantages though when it comes to increasing your holding, especially if you buy back in the next day.

It’s why I prefer not to do it very often but the majority of my shares that have done well have been from people on other boards bringing them to my attention. I’be been invested in both for quite some time (you can check my posting history if you’re unsure).

AAU is another with great potential too. They’re very steadily rising, albeit much more slowly.

I don’t usually do this but having been here since 0.45p I know a lot of people missed the boat before we started flying, so this is another chance.

Check out BMV. It’s another I see will replicate my gains from EUA. They’re expecting funding to be received by the end of July and anticipate production towards the end of the year, then aiming for 100k oz Au per annum within 5 years. They have very few shares in issue too. Obviously DYOR too.

I know a few people will moan reading this but I’ve made a very health return from EUA because someone bought them to my attention on another board, so I just want to do the same for others.

It’s a shame with Sirius, I got out very early with a small profit as I could see what was coming. They had very good potential but a lack of cash and lack of funding options was always going to bring about a low ball offer.

EUA on the other hand have WK bringing in revenue and hopefully now it’s being run in-house it will cover all the companies running costs and potentially a small profit. This will deter any low ball offers as we’re not desperate like Sirius were.

They’re obliged to say this as it is not yet guaranteed.

The bit that I particularly liked was:

“ Ironveld and IIG have been working closely together in recent weeks in order to investigate and make application for project development funding, which would facilitate the start of mining and production”

It’s good to see they’re already working together without the agreement being in place. This will considerably speed things up later down the line (provided things do indeed go as we hope). We’re in a risky position currently but it could make some of us very wealthy if it pans out.

It would be a viable strategy, very very risky though. It would be similar to doubling your stake to cover a previous loss. I don’t believe we’ll lift the suspension though until something has been put on the table, so shorts may not even get a chance to place any buy orders.

Only downside I can see here is that it could be another couple of months until we get any news again as we now back to the exact same place we were when we originally delisted in Feb...