RE: Jim Big Balls Mellon2 Feb 2019 14:16
Hi seingred. I also remember holding aaz 21p for many months without movement so I sold out. I think they have a lot more shares in issue aswell but personally after listening to MC and generally getting a rough idea of the climate they will need to operate in and have come to one of the 2 conclusions ......
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MC is aware that almost every plant ever constructed has had its problems so I’m thinking he will most likely sell out once 5m oz is proven as he doesn’t really seem to positive when talking about production yet keeps talking about ounces and it’s value.
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Or to get real value he will keep the gold and the company by merging with b2 gold and therefore joining the board in some way aswell as getting the big investors their money back and if they choose to stay on board then instant dividends from b2 also help.
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There is no way in my opinion that even if or when he gets a 2 year toll mining agreement ( touch wood ) that he will stay on after finding 5m oz of gold because building a mine and actually producing the gold stuff is a different ball game. MC is only interested in proving 5m oz and once he does I think his 7-10 year affiliation with Nicaragua will come to a end which he will let’s face it be more than happy with. I can’t see him staying on another 7-10 years during production, he’s at a stage now where he would want a pay cheque that retires him for good !!