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Id be happy to stick my dividends in, hope it makes 50%, 75% or 100% in 18 months and then pull the initial stake out.
I thought PALM look a good bet but I was put off by two things.
1. I listened to a presentation and wasn't impressed by Darren the CEO
2. Everything I believe is a long way out.
Ariana appears to me to have much more short term accretive potential. But maybe I'm wrong.
That's where mine will be going PaulD. I have just started building a position in Panther and the few k from the dividend will provide a nice top up.
'The raising of capital, building the mine and the subsequent mining and processing of the ore being left to Ozaltin and Proccea where they have the experience and resources.'
Each to their own specialist field, what is better a steady 23.5% royalty or making school boys errors and wasting time and money extracting it from the ground when others can do it with their knowledge and expertise.
I'd love this dividend to come now and I want to stick it all in PALM.
I consider that Ariana Resources is one of the better companies at keeping shareholders updated on the operational side of the business. I have looked at the RNSs of three miners that I have shares in; Bacanora, Ariana Resources and Central Asia Metals. I have identified those RNSs that give operational information in this year to date.
Bacanora has given two operational RNSs; the Annual Report and Accounts and Early Site Works. The rest of the RNSs have been around share issues and Ganfeng.
Central Asia Metals have given four operational RNSs; 2020 Sustainability Report, two operations updates and the Annual Report and Accounts.
Ariana has given six operational RNSs; four updates on its drilling programme, production guidance for 2021 and 2020 Production Results and General Update. Kerim is frequently interviewed by Proactive Investor, I have counted four times this year so far, and is always very informative in his interviews.
I consider that Ariana’s operational updates to its shareholders are as good as any companies; I suppose that the problem is the general poor communication from all companies to shareholders on operational matters.
Where I will criticise Ariana is on its website which is woefully out of date, it would not be difficult to ensure that the website is reviewed and updated to reflect the latest operational and strategic position of the company at least at the time of every Board meeting.
I have always been in favour of the JV with Ozaltin as this allows Ariana to concentrate on its excellence in exploration and prospecting to the point where a prospect is ready to be developed. The raising of capital, building the mine and the subsequent mining and processing of the ore being left to Ozaltin and Proccea where they have the experience and resources. Ariana still gets an effective royalty of 23.5% of the profits and should be able to make a good profit on the prospecting work carried out for the JV on a remuneration of three times prospecting costs for viable prospects.
I suggested , before last Christmas, that AAU was going to be on a roller-coaster for sometime. I could see Salinbas bringing home the bacon rather a long time in the future and meantime it would be bits & pieces of current smaller explorations/developments which might keep our sp up (and down). Cyprus seemed a potential route to some quick riches but Willowman's concerns about a certain existing director seriously made me wonder what the hell KS was doing associating with it. Much as I value Willowman's views , some of them specifically (and in hindsight) fortuitously directed at me from time to time! I nevertheless did a little more personal research into the Cyprus thing and decided to avoid it at the present stage.. I do however think that Kerim is geologically very sound in linking the prospects of Turkish metal values with Cyprus and most probably a continuation under Cyprus, Romania and Bulgaria and ultimately back to the Hod Maden. Imho my northern neighbors have apparently not endeared themselves to either the locals or the Authorities in the Balkans and I am confident that Kerim's personality would be far more welcomed & significant...perhaps at some future time & choosing if he wants a change of home from Oz..
Additionally, as EvenKeel suggests, Kerim has to some extent split his positions. Why nor...first and foremost he loves the geologist role. He has successfully established himself in a monetary and presumably very comfortable position and can afford to indulge himself wherever he chooses. Australia, and the Americas (with a few exceptions) most be damn nearly magnetic now for a guy with his interests and contacts, far outstripping his earlier " struggles" with little Red Rabbit. Instead of Cyprus I have invested modestly in Panther Metals and so far so good.
Then we have VanVan's views here, evidently for my friend John. VanVan, hardly surprising to me, has clearly put his finger on so may important and undoubtably negligent matters which Ariana and its now amply paid professional advisers should have addressed. VV is absolutely right here in every respect and as the Late HRH was suggested...someone needs to " get their fingers out!" . I'm all the more concerned since I'm invested now in Panther Metals and our Doctor is its appointed CEO now.
Van van spot on as always. It just doesn’t make sense that the company cannot even attempt to improve their frequency and quality of communication with their shareholders. We have such a good story to share and I follow other gold companies, with much less fuel in their engine, who maintain interest and support with their owners (us!), by communicating even relatively small steps forward as massive leaps. My sad conclusion is that KS doesn’t really care about us. I also worry about his split roles and his recent focus on Panther. He needs to get out of Australia, (it is now possible for somebody in his position) and get back in amongst the action.
VanVan, once again, spot on. Maybe you should send that to Kerim, it would put him in the picture and then he can't plead ignorance.
Drilling, exploration, geology work, we are second to none. Discovery costs per $ we are in the lowest quartile world wide. But Corporate stuff and communication seems sadly lacking. As I've said a few times now, we urgently need a new Non Executive Director or even a full time Director to take control of these aspects. It's a shame that we let ourselves down so badly. Just look at all this of value accretive news the Co. could and should have announced.
The RNS today was full of great news, but to do all that drilling in Vein 7 etc. would have needed permits. They must have been granted months ago, but were shareholders informed? I don't think so. Why haven't we seen an updated Panmure Gordon Analyst's Note setting out new Co. targets post the Joint Venture?
Why haven't we been updated regarding the E.I.A. for Tavsan which was due Q1? And that was circa 9 months overdue.
Why haven't we been updated regarding the Resource drilling at Tavsan which was to take place Spring 2021 and tagged onto the back of the Kiziltepe programme?
There should have been news on Tavsan Forestry permits and Land acquisitions in Q1. And confirmation that Strategic Status had been granted for Tavsan.
We should by now have seen the work on Tavsan final equipment costings and CAPEX costs for the Feasibility study and associated work on the environmental, community and social impacts including E.I.A.
And as to Salinbas we were told there would be environmental, community and permitting activities through the winter of 2020/21 ahead of a dedicated resource drill programme from Q2 - 2021. How is all that progressing?
Then surely there must be news from Cyprus and the Co's acquisition/ new J.V.plans in Eastern Europe.
And finally, the payout is an utter embarrassment. What a total ****-up. I3E & ORPH have today shown how quick capital reorganisation can be processed through the Courts. Our Chairman, in my opinion, has a lot of answering to do.
Can you imagine where the share price would be now it this kettle had been kept on the boil? Drip feeding out all this accretive news. Honestly I despair at times. Is it any wonder shareholders give us a wide berth?
Luckily we on here know what is going on, but for new investors, it is surely just too hard to find out. And if you do you have to trust the Co. We do but the Co. doesn't do enough imo to build trust with potential new investors. You have to really work at that.
Can they really have their heads so deep in the sand to not realise they are doing no one any favours by not managing this professionally.