Member Info for notsosmartmart

Musamara - I am a Private Investor. Got my fingers burnt under AUE and sold out but once I began to feel that ASO might remain a Public Quoted Co I bought back in at 2.1p

An RNS of that sort is usually taken as bad news for an AIM Investor.... but given AUEs history I found it encouraging. There is a long road ahead but I am sticking for now, I may even sink another K or 2 into ASO. Don't forget the current MD and his management team have a lot of experience in Business and he has bought at least one other Gold Mine before ASO. What say you musamara??

Have just had time to read the RNS of the 31st March - Methinks that NEDBANK have a lot more confidence in ASO under Mr. Mehmet Nazif Gunal. than they ever had in AUE under DR.

Just picked up on todays RNS forecast end of 2017 AISC of $950+/-. Now that would be an impressive turnaround.. PS musamura where are you?

Thanks for the link pazuzu. As time goes buy I am slowly rediscovering the sense of optimism that first got me into AUE over a year ago. I have still some way to go before I break even but am willing to wait. Sadly buffering of the video prevented me from picking up all the cost savings made in the last QTR but clearly they are eating into that $1990+/- AISC, maybe by year end we might see an AISC of $1100

I beg my pardon, quarterly interim management statement on the 26th April (provisional date).

musamura - Thanks for the Link, I was anticipating quarterly updates but its not to be.

No, I don't remember. Most likely he was lulling them into a false sense of insecurity, just before he pounced

purpleackey - I think musamura is right. If you look at the history of AUREUS (the previous company name and BOD) you will see that the disasters that happened in late 2015 and throughout 2016 were not on our present MDs watch. Under the new MD & BOD (AVESORO) the mine seams to be making real progress. I got my fingers burnt under AUREUS, and I am therefore still cautious, but I really do think that AVESORO will be positive for the SP in the long run, Next months update will tell us if production has at least been maintained, if not improved, and whether or not there is enough money in the Bank and on Lines of Credit to keep going without asking Shareholders for more cash.

over the last two weeks, helped be the recent slip of Sterling against the Rupee. Its too soon to think that this momentum will be maintained but there is no harm in hoping, after all FUNDSMITH EQUITY has managed over 40% in the last 15 Months (Brexit Sterling devaluation of last June accounts for about 8% of that). I do like a Manager who has 'Skin in the game' as they say.

musamura - If you click on the ASO Share Trades ICON next o the ASO Share Chat ICON it will list the last Buys and Sells, but be careful a transaction listed as a BUY may not be a buy, a transaction listed as a SELL may not be a sell. The trick is to note the transaction price and then calculate if it is ABOVE or BELOW the middle of the Bid/Ask price. If it is ABOVE mid price it is most probably an investor BUY - if it is BELOW mid price it is most probably an investor SELL. To be sure I usually trigger a small BUY/SELL via my Online Broker and then wait until the quote expires (usually 15secs or so). That way I do not actually confirm the transaction, therefore not contract has been made.

Hmmm, and maybe the Youga mine in BK together with the nearby Balogo deposit

musamura - Are they not the two Hotels that MNG Construction built.

hi musamura, apart from the Buy/Sell spread, in the UK we generally pay a fixed fee per buy or sell. Each Brokers charges a different fee but it is typically in the region of £10 to £12, occasionally though Brokers do offer special deals where this fee is reduced to £3 or £4 pounds.

Alas musamura I am not a person of any faith - so you've got me there

whatzi - As Kerspick kindly said to me Wednesday PM after I made two typos in once post - "That's OK its exciting times for a change, good reason to loose our minds a little"

Absolutely Whatzi. But is Mehmet Nazif Gunal not Umurhan. FORBES magazine says that Mr Mehmet s a self made man and that he had an estimated personal wealth of $1.58 Billion in 2015!! - he was then aged 69. Extract from Forbes:- Mehmet Nazif Gunal's MNG Holding holds a diversified construction, tourism, cargo, airlines, aircraft maintenance and mining portfolio. Two of his hotels in Antalya are life-sized replicas of famous buildings - the Kremlin and Istanbul's Topkapi Palace. His Mapa construction was part of the consortium that won the $24.4 billion tender for the construction of s third airport in Istanbul. The company is also be constructing the Kotoka Terminal Building in Ghana, expected to be complete in 2017.

Should have read "beginning to swing back to Stay Public" NOT Private. More haste means less accuracy!!

Sorry type error - that should have read 5.4 million and not 54 million

Lets not forget that Mr. Serhan Umurhan (CEO and former General Manager of MNG) bought 54000000 shares at 1.5 back in early December. Please note Mr Umurhan is a long time employee of Mehmet Nazif Gunal who has worked his way up the chain to become our CEO, and hopefully he sees this as his opportunity to make some real money This operation is still a not without risk but a number of its key personnel are invested in ASO, either directly Share ownership or through Options. Whilst I am still cautious after my losses last year I am slowly becoming more confident. And my own personnel Swingometer (Stay Public / Go Private) is beginning to swing back to Stay Private. Only time will tell.