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Not sure that I can really agree that last year was a damp squib for the share price. We started the year at about 1.5p and ended at almost 2.5p so quite a healthy gain in percentage terms.
I bought a load more at 1.6p and then again at 2p so I consider myself to be very fortunate to have made such a decent paper profit during the year. I prefer slow steady gains rather than wild volatile swings, better for the nerves and more likely to be maintained.
Don't loose sight of what Kerim and the Ariana team have achieved. It is a rare thing for a small exploration company to find a deposit, prove up a resource, gain all necessary permits, raise funds, build a mine and produce gold at a healthy profit whilst quickly paying down their debt. This indicates to me that the Ariana team are competent, capable, dedicated and savvy. Hence I have confidence in them to take the company forward and develop it into something even larger and more successful that we can all continue to profit from.
Thanks for sharing Vanvan.
John, I agree that the article has inaccuracies fairly typical of someone using interview notes to write an article about something that they don't really fully understand. There are also a few snippets that if true are rather interesting.
The standout bit for me, being extremely bullish and optimistic about Ariana, is the bit about turning 30 million into 300 million.
If he carries out the stated plan of multiplying our 30 million (cash or market cap is unclear really) by 10 then we may reasonably expect our share price to increase by 10x.
I hope rana3 is wrong because I hold a lot of these and it is the dog of my portfolio so I would love it to start delivering.
I aren't a technical investor so don't claim to be a chart expert.
Having said all that I have just taken a look at the 3 year chart and to my nontechnical eye it would appear that in the absence of very good news he may have a point.
Fingersandtoes, I see you are directing people to bonker99's site. I don't know if you are bonker99 using another name or you are one of the poor saps under his spell. Either way I would advise you all to give anything to do with bonker99 a wide birth. He talks a storm, pumping all the way and then vanishes in a puff of smoke leaving the gullible holding the loses. I observed him applying his art over on the mtr board where he garnered quite a following.
And no I wasn't sucked in as I have been investing a tad too long for that.
I don't want to be a ramper or appear over giddy but do bear in mind that 3.5p will give us a market cap of around only £40million. Not excessive at all if we have the 3 farm-in deals under our belt. Still that will hopefully be just the start, successful drilling producing oodles of black gold and who could say?
There I go, being over giddy!
Well to be fair to MC, he did say that 2019 would be a transformational year for Condor and boy was he right. I just hope that he doesn't make a similar prediction for 2020, I aren't sure that my nerves and finances could stand up to it.
I worry that having worked on the project for so many years and being chairman and CEO means that MC holds the project too tightly and takes it too personally. It is business, the idea is to make money and to do so we need to mine for gold,to do that we need a mine builder to take hold of this project and drive it forward. Nothing against MC, he has done a good job so far but he is not that man but I suspect that he doesn't want to release his grip. I would hate to think that his ego and ambition were costing me money!
I agree with that Benji. If most of the money is to be spent on exploration then we would be just as well to progress Salinbas on our own using the profits from Kiziltepe and retain 100% for longer. Either way all of our money will go into exploration. The deal only makes sense for shareholders if they are going to benefit. I like the idea of a generous but not excessive special dividend and a modest ongoing dividend to help underpin the share price.
Thanks for sharing jupiternmars. I thought Kerim appeared quite pleased with himself and very upbeat about the jv. A lot of irons in the fire and a potentially very bright future for us.
I know we will be reduced to 23.5% but of a larger entity and we won't have to use all of our cash to progress Salinbas. That will hopefully mean more free cash for an ongoing, albeit small, dividend. Maybe
I feel very silly Noel, you were right all along this stock will never do any good. Even when the deal is done and dusted, Salinbas is in development and we are paid that special dividend. Please find it in your heart to forgive me and my silly silly optimism.
I did however post that we are in for a volatile ride. Within this context volatile means up and down. That will all just be daily noise created by penny traders who think they are the next Wolf of Wallstreet. The lth here will quietly ride it all out and simply wait for value to be created in the company and for that value to be reflected in the share price. Simples!
There is an element to this that I am uncertain about, I may have overlooked something in the RNS.
We sell 53% of Zenit for 50 million, the new partner shoulders the expense of exploring and advancing Salinbas. So we get 25million, as do Proccea. Salinbas is rolled into the new look Zenit, so we get a free carry on an amazing asset. Our part of that deal is the asset but what contribution do Proccea make to that deal. It initially looks as if they are getting a share of Salinbas with a free carry for nothing.
I could well be misunderstanding this so would welcome clarification.
Ta
I think we may be in for a bit of volatility, the beermoney traders are here and when the herd arrives we will be inundated with rampers and derampers. For lth however it matters not a jot, hold onto your shares, enjoy the ride, watch your investment gradually attain fair value. Oh and don't forget the possibility of a "special" divided. How good does that sound?
OMG I've turned into one of those ramptastic types!
I guess someone will be feeling a little bit silly now. There again not everyone likes it when a stock they hold goes up by over 30% in one day. Personally I love it!
Well done to KS and the team, if this goes through it will be a company maker.
Good luck all lth, even those who like footie.
Thank you for your useful contribution Noel, I 'm sure most of us found it very helpful. Perhaps you should consider an investment blog with such erudition, people would flock to sit at your feet and delight in your wisdom.