Fowlertheprowler
31 Oct 2016
The New Ventana Gold? Courtesy of Plato69 on LSELet's not get ahead of ourselves, however: [link]
Franconia
31 Oct 2016
Re: Valuation I KNOW that those figures sound ramptastic but that is BEFORE GP having talked about the assest "doubling from here".... (A CLC moment??? ) As you say, half of that would be VERY acceptable... 
Fowlertheprowler
31 Oct 2016
Re: Valuation Half of that valuation would be life changingTrying to keep feet on the ground. NM
Franconia
31 Oct 2016
Re: Valuation I am fairly sure one of the North American interviews of GP recently pushed him into admitting that the likely costs of extraction would be $600/oz at HM. So a potential $600/oz profit at current gold price. Do the maths based on the current 1.25moz to MARL and you are looking at a potential £4.90 per share.
Fowlertheprowler
31 Oct 2016
Breakout! If this can hold 80p on cards this week.NM
MALBRAD
31 Oct 2016
Re: Valuation I presume that potential purchasers will only be interested in HM and not in the rest of the MARL exploration portfolio, hence making a take-over bid unlikely. This in turn raises two issues. Firstly, it seems reasonable to assume that HM will not be sold before more is known about what minerals remain undiscovered in the remainder of the license area. As of the moment we know that 5,000 metres of drilling remain in the current programme but whether further drilling will be needed to satisfy both parties to a deal I do not know. Secondly, the company clearly envisages most of the sales proceeds being returned to shareholders via a special dividend. I think i read somebody claiming on the LSE Board that 85% might be returned, though I also recalled a discussion about whether MARL would retain a small stake in HM. Either way, does anybody have any ideas about how the sales proceeds will be treated for company taxation purposes and how individual shareholders will be taxed in the special dividend. My concern here is whether we will effectively get taxed twice on the sales proceeds i.e whether a significant proportion of the net sales proceeds will go in one or more forms of corporate taxation followed by a tax levied on recipients of the special dividend Hopefully I am wrong about this possibility but some clarification during the long wait for the next news would be helpful, especially as it will inevitably get reflected in the share price.
Fowlertheprowler
31 Oct 2016
Re: TSX Hoping for at least £1 by end of year!If it can break 74p hsa scope to gap up into 80's within a few trading days. We'll see!NM
Billthebank
31 Oct 2016
Re: TSX Well Maverick Personally if we see a positive move this afternoon I am expecting 80p this year. As for value I think the company have mentioned 300/400M!!!!!! Time will tell if we have another SOLG!!!!!!
Fowlertheprowler
31 Oct 2016
Re: TSX Depends on:Costs of extractionExtent to how much more more reserves are proved up in South and Russian zonePolitical stability in TurkeyLydia's short to medium term plansPrice of gold But based on conservative view of all the above fair value today pre PFS (but allowing for a reasonable PEA) £1.04 (I agree with Northland on this) and this could easily rise to £1.37 if resource increase by a third which I expect it to and then further on takeover premium with more unexplored potential to realise (£2+) That's before other venture in Turkey which may well surprise on the upside.NM
roco200
31 Oct 2016
Valuation Didn't someone report back from the recent London presentation that when asked if $300/$400 would be a fair offer for Hot Maden, Glen seemed to agree.Current market cap £87mBut lot more drilling & discoveries yet to be done.PEA then PFS. When would they think of selling?Well the obviously answer is when they get a fair offer, but after PEA or PFS?
Maverick
31 Oct 2016
Re: TSX Woefully undervalued..?Has anyone done an assessment as to what the fair value for this share actually is? and its true value? other than its price today of 72p buy?Just interested as didn't know when to hold or sell. I was envisaging 80p.Maverick
Fowlertheprowler
30 Oct 2016
Re: TSX Interesting that in last BRR release GP tooks off PEA being due end of December contradicting late November claim from Eric recently? Are they trying to get as much of the new information included to improve outcomes?Still seems woefully undervalued to me, but patience the key here. I fear it will tread water for a few weeks but we'll see.
Franconia
29 Oct 2016
TSX Closed at 1.23CAD or 75.5p on admittedly small volume, but still bodes well for Monday. AIM has not yet traded that high so hopefully there is a dawning realisation of what we have in HM. Still massively undervalued IMO.
Cygnus_7
26 Oct 2016
Re: Northland As one has to subscribe to get access, would you be so good as to give the gist of the report please ?Cygnus 7
dicfromrugby
26 Oct 2016
AAU MARL & Gold & Silver Please, this is going to be a long post so scroll down to the bottom and read in full. 1. MARL & AAU are both still strong buys, AAU more than MARL, reason will become apparent later. 2. Gold, during the Vietnam War US sold off vast amounts of gold to fund it. The Far East and China in particular amassed the gold as it came on to the market and China has been buying ever since, Comex and the manipulators of gold by the west fell into China's trap and brought the gold price down enabling them to buy significantly more at a lower price. Quite how much China and its population hve accumulated no one knows, as they have never declared their holdings. 12 months ago there was an attack on the New Zealand dollar which significantly de-values it. China buys a large amount of dairy produce, beef, lamb and mutton which decreased China's import bill. Over the last month Stirling has been sold down considerably and the markets have been blaming the Euro. The Euro has been contributing to this but at the same time the Euro has been sold down and the two currencies are being transferred into US $ - so what is the end object. I believe China is converting their western reserves into US$ with the end game is for China to buying US automated companies which will undercut their production costs and also to probably buy high tech. companies to aid their space programme. The object of buying gold, I believe, is that sometime soon they will seize their people's gold at the threat of death and go onto the gold standard. Probably revaluing gold in $ to somewhere between $3500 and $7000, this will ultimately destroy all value of western currencies. 3. AAU at present holdings in the mine JV has 0.5 million (our holdings are 0.25 million) ounces probable and proven gold and gold equivalent. I believe that at the end of the drilling campaign that will increase to probably 1.5 million but, and this is a possibility not a probability, Arzu central and Arzu far south which run parallel to one-another connecting together in the middle, would give us an average grade of probably 5grms gold, gold equivalent probable and proven. This would increase the resource at the mine to probably 3.5 to 4 million ounces half of which would be AAU's. AAU's other assets 100% owned give us another over 0.5 million ounces and the JV Salinbas prospect gives us another 0.5 million ounces, therefore I believe it is possible that AAU, including the 50% owns in the JV's so the joint JV's are a possible 2.5 million for our half of the holdings in the mine plus 0.5 million for our half of Salinbas plus 0.5 million for our own 100% holdings. We have to wait and see but this is highly possible and this SP is significantly undervalued anyway.4. MARL, on my understanding, has somewhere between 4 & 5 million ounces probable and proven when the next resource update comes but, taking away the consolidation that still leaves MARL at nearly 4 times the valuation of AAU and MARL owns 30% of their JV, I do not believe MARL is undervalued, it is AAU that is undervalued, in fact all gold prospects are undervalued.5. Shorting – AAU and MARL are both being shorted at the moment, that must be apparent to anybody! To stop this, shares need to withdrawn from the market and to do that there are 2 possible ways, 1st you can do as I did yesterday and pay £20 per holding to have your share certificates sent to you which removes them from the market completely and cannot be used for shorting purposes. The 2nd way would be to put your shares up for sale, not to sell but for a projected sell, stating a price far exceeding the present SP. This removes them from the back ledgers to the front books and so are not available to be loaned to shorters. If everybody with significant holdings, or in fact all holdings, does this today then the shorts will have to be covered because the shares will not be there to lend. If you put your shares up for sale I would suggest AAU at 15p and MARL £5. You can do thi
