Member Info for Moneymaker2015

Spik,

You must not have seen the last RNS then. As Mac has already highlighted;

“ The Company clarifies that its conversations with CITIC...”

Pretty clear cut that it’s clarified. Oh and before you start blabbering on about the suspension should have been lifted if that is the case. They are under no obligation to lift the suspension immediately.

It was a mix of both. My target price for GGP was 10-15p but thought it would take another two years minimum to get there, which is why I sold out today because it was increasing at a much quicker rate than I had expected. My target price here is 15-20p, which I’m also anticipating two years to achieve.

I tend to avoid looking at mcap’s myself just purely because I try to get in when a company is a rock bottom. It is risky but thorough research helps. Provided a company has good fundamentals, they usually always turn it around once they start bringing in revenue. BMV for example, I got in fairly low when there the sp was low and few trades going through. I liked the rate at which things were progressing as you could tell the team was and still is very driven.

My view is that the goal is to sell-up to the new partner once Salinbas is up and running. I can’t see a 3 way joint venture, with the new partner controlling the largest stake, working through the entirety of the mine life. Either way, new partnership or not, I won’t be selling-up until I’ve hit my target price, which I’m anticipating in about 2 years time.

As I say, I can’t knock GGP. They’ve made me a nice margin. It’s the rate at which they’ve got to the current price I meant was more hype than anything else. I had a 10-15p long term target there for a couple of years time. They’ve managed to rocket up to near 9p after just a few months but not off the back of much. To be fair, seeing how popular they are, off the back of big news they’ll probably go much higher too. I’d do exactly the same with BMV. I have a target price of 15-20p. However, if we suddenly jumped up to 12p within the next 2 months off the back of little news I’d probably debate selling-up too.

I can’t knock GGP, I got in there at around 1.5p just before Xmas and have just today sold my last batch. They’ve gave me a good return but I do think it was based a lot on hype more than anything else. The drill results weren’t fantastic either, I much preferred the results AAU were producing. GGP also have about 10x the number of shares that BMV have too, so considerably more diluted.

After the lows of 8p I really thought we were going back up to my entry price of 20p, Doh!

I’m not too concerned about the closure as there will be ways & means to gain funding to cover this. I’m more concerned that once we re-open, all funding will stop and if there’s still social distancing measures in place, margins are going to diminish massively.

TDT, I agree in principal with that, but as we saw a few weeks back, even some of the best performing companies on the market plummeted and many haven’t even fully recovered. However, me personally, I would much prefer EUA to lift the suspension and drop below 1p rather than remain suspended and have the risk of being de-listed altogether. As you say, in theory the sp would eventually increase again later down the line.

You’ve got to see it from both sides. The new partner is more likely focussed on Salinbas, but they’d still be coughing up a large amount of cash and take on a lot of risk. Gaining 50% of the rest of the assets significantly eases the risk. Plus, for AAU it significantly speeds up the route to production as Salinbas meaning in a few years time, even with a reduced stake, we’ll be bringing in more profit than we are now, it will likely pay out a dividends as they’ve already stated and will give us enough cash for focus on Cyprus. Short term, the JV is the best option, longer term (5 - 10 years) going it alone would likely be more profitable, but would also reduce the rate of AAU’s expansion.

It’s going up nicely again today. Provided this isn’t a huge pump & dump it’s building a nice platform for the next batch of news.

The company has produced better RNS’ than that and we’ve never hit 5p before, what makes you think it would happen now. Only bits of news that will push this over 5p are the news of a partnership or news of a dividend.

He did the same with EUA, appeared on the board after it had already 10 bagged and then kept telling people how much higher it was going to.

You’ve got to remember, the drop in grade was always planned/expected before they move on to the next area.

I’ve said it before and I’ll say it again... They produce regular updates, easily once a month and it’s constantly good news! I know we still seem very much under the radar but one day the sp will sore. In all my years of investing I’ve never seen a company send out such positive news and have the market barely take notice.

A few more days though and we could be hearing some fantastic news, fingers crossed!

If your looking for near term profits it’s a nerve racking time. Get out now and you could missed the boat if news of a deal, special divi and confirmation of debt repayment is announced. On the other hand, I’m fairly confident this will drop if a deal isn’t announced (unless some very positive counter news is announced at the same time). Irony though, even if a deal isn’t announced, AAU aren’t in any worse position. I’m actually sceptical myself of the new partner because AAU & Proccea are doing such a fantastic job at the minute, throwing a third party in the mix with a high percentage could actually upset the balance.

EUA only hold 80% of MT, so very max we would get is 80%, less taxes, less sale & consultant fees. If it’s sold on its own, I’d like to think a decent amount will be retained in the company to keep a healthy balance sheet.

This is very good news to be fair, it’s as though people are finally realising that the only hope for Africa is reverting to coal.

To be fair to LC, he hasn’t actually failed to get anything over the line yet. He just hasn’t succeeded either...

Before this started plummeting we kept jumping up passed 0.80p and then drifted back between 0.65-0.70p. Looks like the pullback is starting today. I can’t wait until we finally get some news.

With all this blue on absolutely nothing, it’s gonna fly when we get the next lot of good news.

I’ve never been able to access the ‘projects’ section of the website myself. Admittedly though, the website is a little naff and definitely hasn’t been a priority.

If you’re thinking of investing here, all the RNS’ over the last 12 months will pretty much tell you everything you need to know. They’ve been good at providing regular updates.

Speaking from experience I wouldn’t take too much notice of a companies presentation anyway. Some of the worst performing companies I’ve held shares in have had some great presentations. It’s effectively just a sales brochure.

I am biased but I particularly like this company as they’ve got very few shares in issue in comparison to others and have still opted for non-dilutive measures to secure financing. There’s still risk as they’re not due to start onsite for up to 12 months, but if/when they get there the returns on the sp will be significantly higher than they are now.

chances of... LC confirming he’s secured MED $100M financing too and that all sites would be up and running in 2 years? One can only dream...