focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Today's RNS from BSD Crown. Could AAZ find itself in a similar situation? The International Bank of Azerbaijan ("IBAR" or the "Bank") has confirmed to the Company that it is holding, in aggregate, approximately US$13.6 million on deposit for the Company. Furthermore, in response to the Company� request to repatriate such monies, IBAR had proposed to transfer such monies held on deposit to the Company, including all interest accrued on such monies, in 12 monthly installments until May 2017, the first of which, in the amount of US$500,000. Having taken into account a number of considerations, including the nature of IBAR being a partially state-owned bank and Azerbaijan�s general currency and liquidity issues, the Company were minded to accept IBAR�s proposal. However, by 20 July 2016, IBAR had transferred only US$250,000 to the Company. As a result, the Company is further considering all options available to it and continues to expect IBAR to fully repatriate the monies that the Company holds on deposit with IBAR as soon as possible.
I wish Mr Newland would stop wasting shareholders' money on these updates from Edison. This is the third one in as many months and tells us absolutely nothing we didn't already know. In addition Edison is hardly going to give a negative/objective view of a company which is paying them so well for their reviews.
Many thanks for that reply and taking so much trouble over it Daisan. It's more or less what if expected. I'm in the yellow stuff and silver for the long term with the view that a global recession is inevitable in the next year or two, but, as you suspect, I might just take a bit of profit off the table pre-Brexit and buy back in round about Sept. 'Sell in May and buy again on St Leger Day' - isn't that what they say? 'Twas OK when the race was run on a Wednesday, but now it's on a Saturday (Sept 10) it sort of puts the kybosh on things!
A not unexpected drop today given the impressive rise over the last 2 weeks and it’s in line with the drop in the pog and most other gold mines. Given this and the prospect of a Fed hike in July, is this the start of the retrace that you anticipate, Daisan? The way I see it, gold loses out whatever the outcome of the Brexit vote. Remain = stronger £ & Euro = go-ahead for Fed hike = stronger $. Leave equals weaker £ & Euro = stronger $. So do we bank our gold profits and cut our SHG losses now or wait for a bounce pre-Brexit vote? You opinion would be most welcome Daisan.
Many thanks Daisan - as informative and authoritative as ever. I too am into SHG whose debt is much the same as AAZ's, but at least they had a very respectable AISC of $834oz for Q1'16 and an appealing 5yr LOM AISC of $695oz so hopefully they will come good in the end. GLA
I notice that there is no mention of All In Sustaining Costs of production in either of the last 2 quarter reports (as far back as I've looked). I would have thought this is a rather important (worrying?) omission. Does anyone have any idea of what they are? Daisan perhaps.
At the rate things are going, the bitter end will come a lot sooner than 2 years. I wonder how many lives could have been saved in that time had we got FDA approval sooner?
Whether an RNS is necessary or not, this company has little regard for its shareholders. In just over two months it has fallen 72% with no reason given for the slump. This latest 45% fall surely deserves some explanation. If they treat us with contempt we should return the compliment and sell.
Horrors! If Mr Mir targets it at 4p+, we're all doomed, doooomed, I say
they must have shot a few more illegal miners!
Massive 20% fall in 2 days, and that on now news. Seems the tie up with AVO is infectious, both are tumbling down into oblivion.
That, of course, should be 'bites', it was us poor PIs who were bit.
The, of course, should be 'bites', it was us poor PIs who were bit
11-10-14 Share tip summary JQW is highly exposed to China's budding consumer spending, its burgeoning e-commerce industry and the buzz around Alibaba. It also offers rapid growth, credible partners and an innovative business model. Investing in Chinese companies does carry additional risk, but we think the group's stellar prospects and its shares’ attractive rating make it a business worth buying. @ 59p Yet another Investor's Chronicle China share tip bits the dust
= another snout for the trough. Let's hope ex-bankster Mr Simon does not have the same effect on TILS as he had with his previous posting at Velox3 - 2.0p in April, 0.18p yesterday.
Sorry about the typo, perhaps Panmure also made a typo with their decimal point and it should be 125.0 :)
I thing COS need to find themselves a new house broker as Panmure Gordon have just dropped their price target for the company from 18p to 12.50 - hardly a vote of confidence!
Thanks Herbie & Co. If it was down to MF it must have been a pretty persuasive tip release, but then this is an impressive company with a lot of potential for expansion. Having bought in at 355 in March I took the profit at 434 yesterday and will wait for the next dip to buy back in before the FY results, which I expect are due out in mid-Oct
on this strangely silent BB as to why the sudden jump in sp on no news. OK, it was gradually knocked down to a 370 bid price a few days ago and is now back to where it should be. Is this just the mms having fun?
Another extraordinary day in this most extraordinary company - Woody can certainly pick 'em!