Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.
Is it just me or has there been an increase in trading over the last 3 days..
Not one for looking at FTSE companies as more interested in the speculative AIM companies, that said, this seems very undervalued, and driven down purely by shorts.
Look at the RNS announcements from the last 6 months. Overall positive and based on assets/NPV of projects AAU is well undervalued, but DYOR.
He has been buying around these levels for some time actually. There is plenty money to be made here once momentum kicks in!
Yes though the market is not excited too much at the mo. I think it is all a waiting game for Salinbas news. Personally I think they want to fund a drill campaign to prove it up, and then sell it for a multiple (hence the comment in the annual report on future share buybacks..). Looking at the story with Marl as a comparative, AAU own 100% of the project though in this case! I would ideally like a subscription backed by a cornerstone investor, with open offer alongside. I think you would need both as the OO probably would not raise enough. All speculation though but its the uncertainty that is holding this back a little IMO.Still massively undervalued based on assets/NPV's though bridges are still needing to be built..
Snapping up more along with an ISA?
A very honest and thorough report. Need to look again but came across well to me.
Cheer up Levi it’s the weekend. Confident AAU will have it’s time in the sun!
I have added today too. I think 2p plus is very conservative.
It will in time in my opinion.
Very good news. AAU is fundamentally so solid!
Just 100k shares at 2.46, but seems a decent entry point at such a low SP, and with the bonds due to be placed soon.
Yes indeed!
Yes very good results.
Also notice Kerim was quoted in the FT today on Turkey's insatiable appetite for gold!
Made a top up just before the bell today. I'd be surprised if we don't get the final Kiziltepe results from the last quarter on Tuesday, which I expect to be good.
Gold has fallen back a little over the last week or so which will mainly explain any lull. Still keeping it's head above $1300 though, I think anything above $1250 is still good for AAU. Last quarters financials must be imminent now, definitely ahead of the shareholders meeting next week.
Same, and agree fully. Have been watching this for a while.
I think based on last quarter.
Thanks good stuff.