dj to say an American saying ,never fire a shot un till you look them in the eye.keep your powder dry .just wait and add .the market is wrong ,the company is right and the share price is 12month behind the company news
24 hours have now passed since I commented on our trading volume and the same information is still showing here on iii analysis. Does this mean nothing has been traded or what? Clearly this is very anal indeed!
Very interesting presentation, well worth watching. Some very interesting views from Amanda in what she looks for in a company before investing and at the time i thought well we tick all those boxes and sure enough later on she admits that they are invested in Ariana and then went further as she praised the operation and management structure.
All positive could't take anything negative from it.
I was on holiday when the last results were released and having read them closely again very pleased. Loan getting paid off 1/3 of it paid off already (according to above presentation). Yet we're still stuck in the doldrums I did genuinely believe that the last results would have started a move in share price, but to do that we need some buying pressure from good volumes and that just doesn't seem to be happening. When is the market going to wake up to this little gem?
good luck to all holders
e French president has been selling some of France is large gold holding to let the hospice in Euro and the uk to buy gold for medical purposes as mixed with marawana tincture it corrects all most all internal body problems.the 3 wise men from the far east travelled to see Jesus at his birth bringing with them gold to cleanse the blood and body.
Thanks. Great double act with Amanda. I think she said her fund is invested in Ariana.
She was complimentary.
She also said that that equities are generally expected to correct in 6 months to 18 months, with gold at that time be the beneficiary . Best to invest in gold miners to get the leverage.
Good to hear from you Loads.
AAU is probably on a P/E of less than 2 with production scheduled to increase further as new mines are added (Kepez, Kizilcukur, Tavsan etc). Then there is the potential elephant in the room - The Hot Gold Corridor. So yes we are happy to hold waiting for the market to wake up to the valuation disconnect.
Happy also to help Riversimple not necessarily as an investment, but helping a small welsh co. succeed in the hydrogen car sector.
Have you had a look at the new presentation slides on the web site?
In particular have a look at the Schedule slide and pay attention to Kepez and overall production forecasts from next year! Got to be good for the valuation over the next 12 months, especially given all the other value added work that is underway in both west & eastern Turkey.
Operating cash costs are inclusive of on-site costs and off-site charges and royalties specific to the project. It also includes adjustments for stockpile balances at the end of each quarter, in addition to an adjustment for by-product silver. They exclude finance costs, taxes and development capital. The definition used to derive the cash costs is essentially the same as that used within the feasibility study. This cash cost was calculated based on unaudited figures obtained from Zeni. this was taken from the 1/4 results and i say again the production cost per oz included all taxes.how ever i will use your number of 0.5 p per share and as roco says we are a producer not an explorer and with 8 year of mine life we should be valued at least 5 x earnings that gives2.5p then you have to add tavsan north and south and salinbas that must add at least 1.5p so we still end up with 4p or more
It looks like we could increase from 20,000 ozs pa to 25,000 ozs p. a. next year.
I reckon gold could increase in value to c. $1400 per oz.
So the margin could widen and the output increase.
We could sell Kizilcukur into the JV for cash and see further repayments on the $3. 5m loans we made to the J.V.
It difficult not to be very optimistic about the Co. & the S.P. over the next 12 months imo.
What are we saying, just 5 times earnings at 0.56p equals a SP of c. 2.8p.
But production should increase slightly from here as well.
Currently we seem to still be valued as an explorer as before, and have not made the valuation transition to producer.
Takes time for the market to wake up!
1.4p to 2.8p discounting value for everything else, suggests 100% upside.
The AISC measure, finalized in June and supported strongly by the World Gold Council, includes other expenses such as general office spending and capital used in mine development and production to create a benchmark of a company's operating efficiency.
Incidentally, a previous website that you listed linked to Genie Energy Co has a spin off. The directorate names are most revealing and its "strategic advisory board" have appointed some real evil thereon. All in all it's a great reason to believe in the conspiracy theory of a New World Order headed up by the Rothschilds.
(Our sp usually falls again on Fridays but Enjoy the Weekend, folks.)
Total sales for Q1 = 4,866 oz
Profit per oz = (average price of gold/silver sold = $1,433 less cost of production = $612) = 821 per Oz
Profit on production of 4,866 oz = $3,994,986
Minus NSR of 2% = $3,815,086
We own circa 51% = $1,996,694
Exchange rate at $1.36 = £1,468,157.... However this is pre tax profit, I'm not sure what the taxation rate is, and, finance costs, G & A has to come out of this too before they have money to spend on exploration
Divide gross profit by number of shares of 1,059,680,000
Totals £0.0013854 per share, or ...... 0.14p / Quarter
x 4 = 0.56p gross profit/ share / year.
i am not selling .if iam wronge and i ecept that i probale am then i have only been valueing the one 1/4 gold production. in profit and reducing debt or any other assets .i will post again to morrow with a full v alueation.good night my privecey fillter are on and any thing that followsis being broad cast by a hakerby 85 windswor st rugby with aprovale from the goerment
Reminds me of my youth in the forties when firewood was delivered in a tunbril, coal came on a horsedrawn flat wagon, milk was delivered in a horsedrawn tanker and measured out depending on what you required, in a nearby village Chasewater in Cornwall drinking water was also delivered in a horsedrawn tanker, chickens, turkeys and rabbits hung outside the butchers shop, water ran in gulleys on the side of the streets, swearing was banned, in the tens my Dad walked seven miles to school and then back every day, in the twenties my mum sat in their Amilcar with a dog on the running board on a lead, tractors had starting handles, cars started on magnetos so a battery wasn't needed the US dollar was 7 to the pound, I cleaned the family's shoes regularly to earn my pocket money, most people could spell and pronounce correctly, read Biggles, Gimlet, Hereward the Wake and Shakespeare, the web didn't question your spelling because Americans had never heard of the word.
A hard life? No it was just normal life!
Now you can't look at someone without a complaint
Is Richard assuming a valuation based on 10 times earnings.
Probably a bit sporty in this market.
But got to add in some valùe for Salinbas (could be worth 2p per share) and other satellites around a Red Rabbit. Then add in the value of our investments, the $3.5m debt owing to us from the JV, the stockpile and any cash.
Situation Report: Two Israeli Planes Shot Down And Two Russian Soldiers Killed By Israelis In Syria
The mass-media is absolutely failing to cover this story, and when any of them DO, the only thing being reported is that Iran launches 20 missiles into Israel from Syria. There is almost TOTAL omission of the fact that Israel started this by firing tank and artillery shells at the Syrian Army and the Iranians inside Syria. When the Iranians fired BACK, Israel is calling THAT an attack.
Israeli Cabinet in Emergency Meeting DECLARATION OF WAR LIKELY
hi tt i am 73 years no calculator at school when i left in 1960 and the computer down the English electric was the size of 4 terraced houses .2 apprentices spent all day just running round changing valves.you all seem to agree the i am 2 0 out and if that is correct i apologies.when i have done this before i have had some one more competent than me on the computer and i have dictate the maths.thanks
I wasn't trying to run you down Richard, nor imply that you aren't a capable person. Technology moves on and I get fed up of trying to keep up.
In many ways technology has made our lives miserable and it going to get even worse. In today's news - carrying a mobile phone will be compulsory and it will be illegal to turn it off - they want to track us everywhere we go.
George Orwell was right, but of course he would be because 1984 wasn't science fiction - he knew what was planned. His book,just like Huxley's Brave New World were meant as warnings. They knew because they had connections to the elite who rule the world. Huxley's brother was a senior official at the UN and Huxley was Orwell's tutor.
I have put both of your sets of numbers into a spreadsheet side by side.
Richard Cider B
612 Minus 612
822 Profit per oz 821
4866 Multiply 4866
2879893.44 $ to £ @.72 1997493 We own 50%
1468745.6544 We own 51% 1478144.82 $ to £ @.74
Not a million miles apart.
0.0013860302 Per share 0.0013948973 Per share
tt when i left school there where no calculators the upper classes where tought to use a slide rule.i left shool in 1960 at the age of 15 i am a self taught man. from the age of 13 i did a paper round and read through 10 or more news papers and mags a day including the pink or ft and the farmers weekly
cider boys - I used your numbers and got the answer you got.
Richard. I prefer a hand calculator but my old one doesn't have a battery in it so I just use the one on the computer.
It is has been so long since I used my hand calculator that I have forgotten how it shows numbers when there isn't enough room to fit in the leading zeroes, but it will have some means of doing it and I think it probably will be in the form of "E" something, as described in that pdf, but I'm sure I once had a calculator that had ten digits for the main display and to the right it had an extra two digits, separated from the other ten by a small space. In those two extra digitst just showed "-2" "-4" etc. with no "e".
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