The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Mine plan is based on producing circa 120000oz per annum. If your not producing that amount your costs will be higher.
Excellent news tested and on the way back up hopefully. September is a busy time for Gold traditionally. I would like to think AUE are producing in excess of 6000oz now.
Who knows Honey I'm thinking mid October. It really depends when the last RNS was actually written
Mycool:- for what it is worth I've held not bought on the dip or sold any. I've been more nervous on this than in the past, however on reflection I feel it will come good in the end. I'm not convinced it will achieve the SP target I had in mind. But I should make a profit which is the main thing. I certainly don't think mng will drive it down
Volume is low, I would expect more activity in all my shares in September (after holiday season). Activity in POG should also pick up. A great time for MNG to increase its holding looking out for the notification.
Thanks for your thoughts Bryn I've not added or sold any for a while here. If price continues to drop I think I would be daft not too average down. Cheers
Bryn what's your thoughts? I used to be confident on this even with AUE in financial trouble because in my mind someone would of bought it - which they did. Now it's the unknown, we have seen Director options at a low price and an RNS stating commitment to shareholders. But could this just be a smoke screen. Mkt cap is still low
Been watching other shares today and it's been a circus.
Haha stupid me been along day
As predicted I didn't think they would sell sub 3p. Question is: when is full production going to be declared? 60days from..... Possibly mid October. IMV we won't see 1p it should hold 2.5p
It's definitely my donkey share.
The sell rate has slowed it will be interesting to see if they offload sub 3p. IMV this is the bottom price they want to sell at, we shall see.
We should see a lot more movement in September with POG hopefully.
My average is 4.5p bought ages ago and averaged down.
Bluehaddock :- I hold a few others,also including AAU - This share is by far the most frustrating and I should be familiar with it now. It has great potential, you just need extra thick skin and enjoy roller coasters (which sometimes I don't) One day we will get our reward hopefully
The timing is key here, RG shares were reallocated to MNG once sold if memory serves me correctly. I wouldn't be surprised to see a share increase holding by MNG. It's not going private though IMO
Incentivesed sells if you ask me no other reason.
Sorry for my rant yesterday prior incompetence of DR got the better of me. I'm convinced mng will turn it around eventually thank goodness gold price is increasing
Starting to lose my rag with this shower. Mine closed for 3 months and they still can't sort there shite out. DR has alot to answer for and the company that put the mine in needs to be sued as it's not fit for purpose... We are back to square one ie. With no cash, no working mine and a debt to pay off. A need for a new mine plan ( where have I heard that before) Oh and more shares coming on the market to pay the debt. The amount of money that AUE have squandered is frightening. I keep hoping for the day that it turns around but it is one thing after another. Rant over
Visitor:- first quarter costs were high due to getting the mine to production. Second quarter costs were high due to lack of production and a large introduction of new Machinery before shut down IMV. After shut down it is self explanatory.