Re: full year results when gold was this price early last year these were 6p
Re: full year results when gold was last this high we were 34p lol
a £12 sell just to keep this in the red hmmm
Re: full year results the sp is ridiculous on this so ye
Re: full year results Usually out on 14th so expect this Friday or a week tomorrow. Hoping for a steady rise this week..
full year results got to be soon no?
Re: What goes up Snuggle that would value the company at around £12million wouldn't it?With a turnover of £80+ million?Ye it's really way over valued isn't it🙄🙄
Re: What goes up yeah ill be buying in again soon
Re: What goes up From the update on 13th Oct 2016.....''18,000 ounces of gold bullion sales in H2 2016 were hedged at no cost with a minimum and maximum sales price per ounce of $1,200 and $1,426 respectively. 10,500 ounces of these hedged sales have now expired at no gain or loss to the Company''So the dip in the gold price isn't having as much impact on the company financials as it was when gold was previously at this level.Also costs appear to be lower these days.Shugg1e, do you just pluck your sp targets out of thin air? I seem to recall you having a go at QE for making similar statements about sp targets backed up by little or no analysis! If it goes back to 12p I will certainly consider buying some more shares unless the fundamentals change significantly. The company appears to be in a lot better situation financially than they were a year or so ago.
Re: What goes up What does down might well recover if the value is there - which I believe is.
What goes up Comes back downLast time gold was at this level these were 12pThats the target
Re: Mcap £22million If only investing was that simple Shugg1e!Not sure if you read the RNS yesterday but AAZ are not quite so reliant on oil anymore. When this share was 8p the company were struggling with high debts levels (that weren't coming down) and a high cost base which resulted in big losses.Of course lower gold prices will affect profitability, but with a big chunk of the debt paid off now and seemingly no big capex commitments planned for the short term I would expect further reductions by year end. It also appears that shrewd investments (the cheap floatation plant and connection to the grid) as well as the devaluation of the manut v USD is lowering the cost base which should make a lower gold price more manageable...and exploration results close to Gedabek have also appeared encouraging of late which could make future expansion less costly.I haven't a clue where the sp is heading but a £22m market cap doesn't make AAZ seem expensive to me, especially when compared to some non producing peers. Not sure why you think that a 10% reduction in gold prices should cause the sp to collapse by 70% from these levels considering the progress made this year.
Re: Mcap £22million Ignore that its all to do with the price of the commodity so what that does the shares follow its that simple and now we have a new worry coming into fixed costs if the price of oil makes a sustained rally.Earnings will start to be effected about six months along the line
Re: Mcap £22million Yes Mcap meaning mad cap £22 million. Should be twice this and more
Dividend please Good to here $2.3 saving on connecting to national power grid. Management has to consider to pass it on this saving to shareholders as dividend. Doing this will boost the share price & companies market capital.