Member Info for Moneymaker2015

Out of every share I’ve ever owned, AAU is the possibly the most baffling in its share price. How we’re not pushing for 10p already is mind boggling. Even if you take the deal out of the equation and we just carried on as is, we’ll be debt free in a month, making ever increasing margins with the current price of gold and would likely have Salinbas up and running in less than 5 years possibly too. With or without a deal, as you say we are still at value stock levels. Considering that once Salinbas is online we could be producing a combined total of 100,000 oz gold per annum, sitting at 3p makes absolutely no sense!

You never know, LC might surprise us all and have everything up and running for Q1 end. Presumably Kibo are working to the same calendar as the rest of us and their Q1 is actually December...

Is a bit odd though that there’s been absolutely no news, good or bad about Bordersley. If you were going to be delayed you’d want to inform shareholders as soon as possible so the know it’s coming. Likewise, if you were on target you’d want people to know all is running smoothly surely.

What’s going on with the low volume today. We need some news to get some interest again.

For anyone that didn’t see this a few months back

https:// uploadfiles.io/kc6srgsr

Depends how many targets we hit that are flowing. If the drill is commercially viable we’ll likely jump to between 10-15p if we achieve our mean in the majority of the targets. All the information is in Cenkos broker note from November.

I was surprised myself about all the hype of PDAC. Firstly, a lot of companies have stands there, so it’s hardly ground breaking news that we’re there as well. Plus, the main reason why companies attend is for the opportunity to market what they have got.

All the attendance at PDAC actually tells me is that we’re further behind in a sale or bringing a partner on board than I would have liked and we are still advertising the assets that we have.

The NAV alone has us a over 2p, so we’re trading at 1/4 of the price of actual worth, nevermind any potential future growth. Is a shame because some of our projects have very good potential but the inability to get anything off the ground is showing in the sp. Bordersley is a nice little start, isn’t going to be great for cash flow as it’s only small, but at least something is going into commercialisation.

Considering we’re due to have our very first commercialised project off the ground at the end of the month, you would think there would be some updates on progress. Makes you wonder whether or not there’s issues / delays happening behind the scenes...

Couldn’t have said it better! As you say, people questioning the BOD is just juvenile! They’ve done a fantastic job so far over the last decade and I couldn’t fault anything they’ve done in the slightest. I was in at 0.45p and compared to some, have a lot of value here at our last closing price. I would’ve been very happy to leave at 7.2p but as with everyone else still here, chose not to. Now, we just have to either accept that what the BoD is doing is in our best interests or write your money off as a loss until further notice. Abusing them or calling/emailing them every day isn’t going to assist in a positive outcome. Just sit tight, we may be here for a while!

Wow, haven’t checked our sp for a while as not expecting much change until next year but can’t believe how much it’s dropped in the last week! Coronavirus is definitely having its way with us being where we are!

The bought value is double the sold value, yet the share price is down 11%. Absolutely mind boggling!

Yeh it doesn’t look very blue from where I’m sitting. The markets are anticipated to get a lot worse whilst Corona Virus is increasing. In another couple of weeks they’ll be at rock bottom!

Presumably LC would want to keep as much of KAT as possible. Their gold projects will be profitable in the future and I imagine he would like to use this to strengthen our balance sheets. KAT’s never going to make mega bucks, but the higher it’s value goes, the higher our NAV goes, making it easier to obtain funding for other projects.

Regarding offering shares in either KIBO or KAT, there would be arguments for either. KIBO has a much greater opportunity to go higher in value, but KAT has significantly less dilution, meaning greater payouts once they start producing divi’s. If they are going to offer shares to Scheepers and Krugel, they’ll just base it on what’s going to be most profitable for the individual IMO.

Gula, that was the whole point of my example with LION. A stock gets cancelled and then an application gets made to re-list (should the company wish to re-list that is). It’s not a complex process.

Anyway, enough talk of cancellations as the likelihood of us staying suspended for 6 months is quite slim anyway. We could effectively re-commence trading again tomorrow and the actual terms CITIC be bought onboard disclosed.

Wow, wasn’t expecting such a debate on this post!

Gula, it sounds like you really don’t agree with my post! However, I was trying to avoid putting ‘facts’ out by using ‘unlikely’ and similar terms as no one, possibly not even the BOD, know the finite outcome as this stage.

The ‘fact’ that it sounds like you’re hung-up on is;

‘We could be here for days, weeks, months and potentially even in to next year’

Same again, the ‘could’ isn’t factual and yes, under Rule 41 AIM securities after 6 months of suspension, stocks will be delisted. However, appeals can be made for an EOT or a re-application made to list again in the future. I’ll use LION as an example, they suspended 18 months ago and are looking at re-listing again this year.

People really do need to stop worrying (unless they’ve invested more than they can afford to lose, which is the cardinal sin of investing) and go back to their normal lives.

CITIC were on board months ago (albeit not formerly engaged) working on a deal behind the scenes. The sp had jumped from 0.5p up to 7p on no actual news, just speculation. There’s been very high numbers spat out about our sale price and the market was getting volatile off the back of no news.

We have a huge asset worth a large amount of money (even without the flanks as that still hasn’t been confirmed). It’s obvious negotiations are taking place and we may / may not have already engaged CITIC formerly already. The reason for the suspension is that anything that may materially affect the sp has to be RNS’d. If trading is suspended, updates do not have to be provided. An example being if an offer came in, this has to be publicised and could severely reduce you negotiating positions with other parties. One party could put an offer in for us for $500 million, we would then have to publicise the information. Party number 2 will definitely not be offering $2 billion if he knows what else is on the table. If there was only one interested party or offers were going to be similar in nature trading wouldn’t have been suspended. Considering here we may potentially receive an offer of £1/share (which would shoot us up to near that value), we may end up accepting an offer of a nothing other than a JV with a free carry to production (which would drop us potentially back to lower than 10p).

It’s unlikely that we’ll go back on the market at all, unless we do indeed enter into a JV. The most likely outcome is a couple of offers come in, a general meeting will then be held to vote on acceptance (which will get passed).

We could be here for days, weeks, months and potentially even in to next year. Worrying for this amount of time isn’t heathy. Just remember the fundamentals, we have billions of dollars of materials in situ (even without the flanks). If no sale emerges and we don’t get the flanks, who cares, we’re still worth considerably more than the last share price.

Last point to note, don’t listen to any doom & gloomers, they are just trolling you and feeding off any worrying they can sense. So stop worrying and sit patiently for the good news coming our way! :)

Bought value of £400k, sold value of £300k, yet we drop 8%. I’m starting to think the MM’s just chose numbers at random.

I’m anticipating a small divi with the financials in June, even if we don’t bring in another partner. We’ve repaid the loan as per planned, but once again have produced more than expected, so we’ve got more free cash than originally anticipated.

I’m keeping my hopes up for a special divi from the partnership news next month and then possibility our first of many divi’s in-line with the financials. Fingers crossed, because news like this would make this sp fly!

Wow, look at gold flying! This is boded very well for us in the future.

Considering we’ve been profitable since we started production, Gold was circa $400/oz lower 12 months only 12 months ago. If it follows its current trend, even with only 25%, in 12 months we’ll be bringing in similar margins to what we were 2 years anyway. Difference is we’ll be producing significantly more! All we need is the price of gold to hold-up, but considering it’s been on an upward trend for over 5 years now, it’s unlikely there’s going to be any issues.

Just seen the RNS now. Can’t believe they’ve had record results once again. The board is doing an absolutely fantastic job, it definitely puts us in good stead for receiving finance for Salinbas should we not bring a partner on board. If I had some champagne and it wasn’t 09:00, I’d make a toast to board and the great work they’re doing here!