George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Fair enough, Ash and hopefully all the sooner. Bedtime for me right now with a storm brewing up locally and our first rain for 56 days. G'night all, DJ
Hi Joe, ha ha! Challenge accepted. If I were a betting man, I'd say it'll probably be 2-3 years before the market fully cotton's on i.e. when the potential of Tavsan and 50,000 oz per annum and dividend payments become a reality and the pipeline demonstrates continuity.
However, if the company continues to perform as it currently is and the increasing profitability and asset portfolio is reflected in the share price, I would expect increased PI interest and institutional investors starting to look for a position in the interim.
If it happens sooner, so be it. I won't be crying in my beer!!
Cheers, Ash
M20ASH : " Now, if I were a betting man.....". Don't stop there, Ash, finish the sentence ( dare ya!) lol.
Evening all, some good posts today and good to see so much positivity. Starting to think that momentum will start to build over the next 6 months or so with ongoing updates on drilling & resource plus news on Tavsan, Kizilcukur, Salinbas & Cyprus, all culminating with the full year results, if we get a further 10 years from Kiziltepe, Tavsan coming on stream in say 2 years with 10 years plus a faster track on the rest of the portfolio, I wonder how long it will take the market to cotton on? Now, if I were a betting man.....
Cheers, Ash
Hi DJ. 'Until then our sp will slowly droop during periods of no news and recover again when Kerim releases glimpses of the rainbow to come.'.....like the last few years you mean! I agree with you that it is production that will drive SP short term, not the exploration side (and maybe rising PM prices but the jury's still out there for me). Hence my interest in Tavsans EIA. That, to me, is the main key to the SP increasing - more than doubling production is going to be a major event for this company.
I exited long ago from anything African, CIS and Central American. As you say, guys, on the surface Turkey is not especially "dangerous" but it could get a rough ride if Erdogan seriously upset the political applecart of any (or several) of the constituent countries of G-20. It should also be remembered that Turkey has a strong military and islamic undercurrent which can emerge too.
There is indeed a great deal positive in this latest RNS. But we PIs in Ariana are relatively few in number and the Market is influenced by greater happenings. I reiterate my view that we are on a rollercoaster ride until after Brexit and your next Government finds the best route for ya'all. Until then our sp will slowly droop during periods of no news and recover again when Kerim releases glimpses of the rainbow to come. It's all about production and cash...that's what will make things fly. For me it boils down to - When?
(Tomorrow we are forecasted our first rain for 54 days ! . Methinks you got more than you should lately. Sorry about that.)
Agree re Turkey. Geographically important with a large tourist industry and second homes for Westerners. I don't regard the political or corruption risks as being anything like in the same league as Africa and the ex USSR states.
New deposits around Red Rabbit, even if relatively poor, could be economically viable due to already having a central, fully paid for, processing plant.
I am hoping for a 10 year mine life in the West from 2020 but time will tell, we shouldn't presuppose that all news will be good - one day it wont be. For example Arzu South deep could well prove uneconomic, who knows, but if that were the case it wouldn't turn the company into a basket case overnight!
I would like an announcement about the publishing of the Tavsan EIA, time for its exploitation starts ticking then.
Not forgetting what sits under the cap at Arzu Central between the two potential deeper resources at Arzu North and South.
Cheers, Ash
Interesting article in the Mail about the most dangerous places in the world. Turkey comes out well. The fear, if any, is often over stated .
Yes the updated resource statement will make for interesting reading. There are two things that appear to make people worried with this stock. 1. The geopolitical situation - I personally think that is overplayed, the one thing the Turkish government needs is gold, as ultimately gold circumvents any sanctions imposed by Ameica or the EU. 2. Resource size and grade, there are concerns about a reducing grade, but increasing the resource base then makes the argument to increase the plant capacity to work with a lower grade. Ultimately in the next quarter the capital cost of the original build will have been paid off, which should see lots of money heading into ariana pockets.
Lots of teasers in this very positive RNS. Some solid grades. Even 2m at 17.9g/t Au and 3m @ 7.74 g/t.
New mineral resource, which is so important to our valuation going forward imo, is being worked on and will be completed once the results from Arzu South deep drilling programme are obtained in Dec.
This could indicate in the future underground mining at Arzu South & this RNS says "deeper drilling (at Arzu North) will be considered in future to define any underground potential". So potentially 2 underground mines in the future!
But the key message for me is the much extended Arzu North pit area as shown in fig. 1 indicating a lot more gold.
A new Resource, then a Reserve all leading hopefully to an extended Life of Mine from here of 10 years plus should add significant confidence and value.
The 1315 metres of additional drilling (10 holes) being processed at the lab. for Arzu South is underway, so these results aren't far away & should support the underground resource estimation.