Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Bond bug. Now there's a classy Brit classic.
Does anyone know where Ash is, he was a valued contributor here?
I'm not sure whether we are in a " Softly, softly, catchee monkey" situation or a " Slowly, slowly " one. Having said that it seems that most of the Royalty Companies (including Sandstorm) are all heavily invested in exploratory miners rather than those actually increasing production (or for that matter dividends to their investors). Right now there are so many political scores to be settled (internally and externally) that everything is fogged up (I could have used a different " f " word) but it's a nice summer's day, I'm comfortably retired and even appreciate Paul1D's last comment! Have a tipple, eat some jammy dodgers or go forth and renovate a Bond Bug or something.
Hi Van
I do appreciate that, but 'hope to distribute future dividends' is not the same as 'we are going to'. Despite all this recent news the SP has been been going sideways or down for a considerable period. As I said I bought more the other day, but is the market right or the bullish shareholders on LSE and Advfn (though I have noticed a certain amount of dissent in their ranks of late)? I am expecting this to be a successful investment, but have no expectation of it being the spectacular multibagger that we once hoped.
On the contrary I think there will be evidence of improving grades like at Kepez North :- Significant positive increase in average grade to 7.14g/t Au + 64.65g/t Ag. plus Substantially improved classification of the Resource to approximately 86% Measured and 14% Indicated. And at Derya. This was recently announced. High-grade potential at Derya includes the previously reported "Bonanza Zone" intercept of 12.1m @ 13.1g/t Au + 187.6g/t Ag. Then in May they reported on Banu Vein - New significant intercepts within the vein system include:
o 4.1m @ 3.58g/t Au + 78.9g/t Ag
o 7.0m @ 2.01g/t Au + 70.6g/t Ag
o 2.6m @ 5.08g/t Au + 102.5g/t Ag
Finally in the latest RNS on the Special Payout Kerim said this:- In line with our growth strategy going forward, we also hope to distribute future dividends arising from ongoing profits generated by our existing operations and those arising out of future undertakings." Sounds like ongoing dividends to me. He has verbalised this in recent Interviews as well.
Take your points Van, though I think there is no evidence yet to support a regular divided. They always hedge in interviews when the question of regular dividends are raised - you list many projects, but many are in early stages of development, and I imagine the reduced income from lessened equity in the JV/ declining grades will mean profit will be largely used to reinvest in the exploration of these projects. Clearly when Tavsan is fully in production, and its development loans repaid, there will be more scope for such things as divis, but that is 4/5 years away.
In the meantime todays production update hasn't exactly set the share alight - either in terms of SP or deals done in the day.
Hi John
There is a great graphic on page 12 of the Annual Report and Accounts which shows the point you are raising and states how production is expected to develop over this decade resulting from the new Ball Mill at Kiziltepe, the second mine at Tavsan and the third mine at Salinbas.
All very clear and dare I say it, the next best thing to the long lamented loss of the Co's Gantt chart.
But I think we have to appreciate that Ariana is not a primarily a mining Co. It wants to use mining and the profits generated to enhance it's profile and success at being a Development and Exploration Co. This is Kerim's key strength and his main interest in life. A means to an end. There is evidence that grades are improving (Kepez, Derya etc.) but yes 2021 won't be a year with increased profits. But as long as the Co. has the cash to do the E & D work and pay us a regular dividend, that is fine by me. Market Cap. growth will come from successes, primarily from the following strategies imo.
If you are looking for a pure mining Co. then perhaps others would be more appropriate.
So I believe Ariana (Kerim) plan to surprise the market on any one or more of these exciting developments.
Red Rabbit Kiziltepe, Kepez, Karakavak, Kizilcukur, Ivrindi
Hot Gold Corridor: - Ardale - Salinbas - Hizarliyayla, Derinkoy
Venus Minerals - Cyprus - Magellan
Western Tethyan Resources - Lecce Magmatic Complex, Varder Belt - Kosovo & opportunities possibly in Bosnia, Herzegovina, Bulgaria, North Macedonia & Serbia
Asgard Metals - Australia - Project Catalytic investments
Agreed?
Yes Van, just watched it.
Noted the explanation about a fall in profits (4.7 vs 6.9?) to 31/12/2020 compared to the previous year. My earlier opinion about Dr S and MDV potentially making great politicians comes to mind in the implication that the drop, because of grade reduction in the period, will be addressed by Increase (doubling) mill throughput. Two things:
1) We are well into the 3rd quarter so, given the time needed to ramp up production due to the availability of the second mill, increased throughput will only be for a maximum of , say, 3 months in the year to 31/12/2021
2) The new JV agreement completion was announced on 17th Feb 2021. To me that means that AAUs share of the Red Rabbit production in the year ending 31st December 2021 will be very much nearer 23.5% rather than the 50%/51% that it was under the old JV that was in force during the prior accounting year ended 31st December 2020.
I may be wrong here, I'm certainly not infallible, but if what I have said is true then profits from production in YE 2021 seem logically likely to be reduced again compared to YE 2020. If true then this should in my view have been pointed out by Dr S in a fuller answer.
Bottom line is that is that doubling throughput while halving JV share, other things being equal, leave you standing still over a full year when you only have one productive asset.
IG interview
https://youtu.be/x0mn8VWcnHc