Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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‘ because I didn't want to appear too miserable!’
So I wonder how King Charles is feeling, let’s hope he is not too miserable, one never knows how these little problems affect one’s mindset.
https://www.bbc.co.uk/news/uk-68116062
Maybe if someone on here has had these similar little problems they can share their experiences with His Majesty to keep him in good spirits?
Always good to have you back DJ!
Commie Joe, you write how sniffer Biden speaks, a load of rambling nonsense.
A short time ago, with all the general good opinion of the fairly imminent production at Tavsan, plus the fact that (now some time ago) P1D had reckoned that AAU sp could well fall to 2p whereby he would buy a lot of shares ready for future upward gains, I decided to chance my luck with a modest 200K investment. Yeah,right! So now I'm just waiting for a final " dead cat bounce" with the aid perhaps of the right kind of uplifting words from Pro-Active or Dr.K. and I will flee!
Hi Van
I would be more than happy at that for a policy. There seems so many projects that the danger, which I think we are seeing, is glacial progress across the board. I support the idea of adding value to projects and moving them on, but apart from the historic Lithium example when has that actually happened? In fact it is such a long time ago that it was before I invested here, and I have been around and moaning for donkeys years (as others will no doubt testify). The other problem is that due to the JV giveaway AAU lost control of all the non l:eopard Turkish assets, and are not in a position to dictate pretty much anything. How I still regret that deal.
Spot on John. I think they will look to accelerate and then monetise certain assets like they did very successfully with lithium in Australia a few years back. Do you recall. That was small beer, but a great return on their investment. The big one could be Hizarliyayla of course. How transformational could that be? It hasn't been easy to get to the deep high (Brechia Pipe) type mineralisation, but let's hope 2024 will reveal something extraordinary. But I think they have this plan of "prove up and sell" for other assets as well. We shall see. Obviously they have to play these cards close to their chest one assumes.
Thanks Van. Quick read implies to me Tavsan = regular divis (potentially), asset sales = special dividends.
I also asked this question re: dividends.
Question: Reference dividends, Kerim wasn't very clear on when he expected the Co. to adopt this "capital discipline". He said - " Once Tavsan is on stream and some other projects I've been talking about". What are these "other projects" and what does this mean more specifically for timescales?
A: We have been clear on this point for years: profitable production from Tavsan is key to unlocking the potential for future dividends. The other projects referred to relate to any one of our investments potentially. If any one of these is successful and yields a substantial capital return beyond our immediate requirements, we will look to pay dividends accordingly. In other words, dividends do not necessarily relate to those derived from production but could be deal- related too.
Thanks John
I wrote to the Co. about Salinbas Mine production back in December 2023 after the last Presentation to Investors at Mines & Money. This is my question and the reply I got.
My Question: The Zenit: Growing Production slide shows Salinbas in production in 2025. Is this still correct or is it the aim to sell this once the resource is JORC proven to a reasonable size?
A: 2026 is the year shown in the graph. We have not made any commitments to production at Salinbas - it is simply a projection of what might be possible. At present, we are only focused on drilling and expanding our understanding of the potential.
Hi Van
Not sure which presentation you are referring to, the last pdf rather than video (which I find tedious to trawl through) from April 2022 shows 50k in 2025 followed by 50k each year thereafter starting 2026. But since effectively sod all has happened there since I have a sneaking suspicion that there will be no production of 50k in 2025. Or frankly this decade.
This a post I put on ADVFN yesterday, might be of interest.
My earlier post saying the Co. predicted 2025 for Salinbas starting was wrong. My mistake. The slide shows 2026!. Still seems optimistic to me based on past performance but let's hold them to it. What I want is the Gantt chart reintroduced showing all the projects with expected timescales so it is easy for existing and potential new shareholders to see. Let's keep the pressure on them to bring that back as well.
Finally I believe there was a updated WH Ireland Broker Note issued very recently, but this has yet to appear on the Web Site.
MY POST ON ADVFN
NEWSFLOW
Optimistically I was hoping for the following in 2024. Many of these are pretty meaty milestones and would appear to be currently totally discounted by the market/investors. Anyone care to correct me or confirm that my dates concur with your understanding. Note we were told there is a "massive backlog in assaying", so this may impact negatively on drill/resource/reserve timescales
1. TAVSAN JORC updated Resource before end of January 2024. "Assays from Tavsan are taking priority". But is this going to slip? Seems optimistic now.
2. Kiziltepe JORC updated Resource & Reserve leading to an extended Life of Mine at Kiziltepe January or February 2024. I see this as very important. The Co. said "early 2024". This will confirm the amount of Tavsan/Kiziltepe overlap. The market should like that. I will!
3. Salinbas updated JORC Resource to be updated once lastest assay results received hopefully in Q1. New Resource could therefore be late Q1 or early Q2.Optimistic?
4. Hizarliyayla drill results late Q1 2024. Ongoing exploration. Desperate to get a feel for how exciting this is. Is it Hot Maden Mark 11? Could it be monetised sooner rather than later?
4. Venus IPO - can we hope for H1-2024?
5. Dokwe - complete D.D. and then Feasibility Study late Q1 2024.
6. Tavsan commissioning late Q2. Hopefully we will get progress reports.
7. Tavsan enters production early Q3.
8. Tavsan Steady state production by year end
9. Not sure what we are expecting from Project Leopard, Asgard or WTR, but I guess we should get updates along the way.
10. Statement regarding cash being returned to shareholders - Q4
Nice to see some chat on here. Been very quiet for a while. Whilst I hope to see the Tavsan mine completed some time in 2024, I'm really not happy about the Salinbas situation. This was more important to me because of its position near to the Hot Maden gold find. Year after year timescales slip away, and it now seems the board are not all all bothered about this, so I've recently sold some shares and will sell everything once Tavsan does come online as I'm not sure this share will every get above 3p. Its been a tough time since the days of 6p, and I'm still kicking myself for not getting out then. All the guys on ADVFN saying SP of 5, 6, and 7p, there's not a chance in the next 5 years, and I think it will fall further before Tavsan starts up unless we get some stonking news. Yes, I'm sad and angry at the same time, but hey ho, nobody forced me to buy these did they.
'johnpwh
Today 00:52
Think of the cash flow from 300k production for 10 years with at least $1000 per oz margin.'
Someone was up late last night crunching figures and had a sleepless night it seems?
'johnpwh
Today 08:19
Thing I meant 30k not 300k unfortunately! Sorry'
No need to apologise, does it work out around £8m?
Thing I meant 30k not 300k unfortunately! Sorry
Well mid 2024 would be very early Q3. Not so sure that will happen! But I am hopeful of production in 2024 and I suppose ewe should be grateful. Still wish we had 50% not 23.5%. Think of the cash flow from 300k production for 10 years with at least $1000 per oz margin.
I do think SP will improve but not as much as people hope. This mine coming on line is well documented so will not be a surprise when it happens. Did first gold pour at Kiziltepe cause a spike? My memory is that it made precious little difference, though I may be wrong.
Sorry to reply so late John!
All delays are of course blamed on the infamous COVID pandemic!
But Tavsan originally was going to be in production pre COVID. But that's another story.
And what about mine number three - Salinbas/Ardale - due to be in production according to a recent slide by 2025.
Hope in hell for that happening.
As you say, what has accelerated since we started out on the dilution of assets and new strategy?
There was however a nice post by Ariana Resources on LinkedIn yesterday. They showed a nice picture of Tavsan and said I quote:- "Construction progressing well at Tavsan Mine Site, Turkey."
Hooray. Let's hope we are up and running by mid 2024.
What will that do for the share price?
Hi again Van. Further to what you were saying earlier, this might give you a laugh.
I found a Word document on my laptop with notes of questions I wanted to ask at a London presentation in, I think, December 2018. One question was:
Tavsan: Is that still on schedule for production in Q1 2021 per May presentation?
That goodness that Ozaltin has allowed accelerated progress!!
‘ Was only talking about EVs with friends in the pub after todays walk.’
Did you hold hands and wow you returned back to the Man in Space!
‘ RE: US Army CONTRACT for 385 million dollars18 Jan 2024 09:05
Shall I turn the lights off?’
Well as you know what happens in the Man in Space stays in the Man in Space!
Did you use a Rich Tea or a Malted Milk?
The EV Freeze
Meanwhile, here in the US, electric vehicles (EVs) are struggling with the freezing winter temperatures. Drivers in Chicago reported their batteries dying much faster than usual due to the severe cold.
One of the major problems with EVs is batteries. There is nothing environmentally friendly about making or disposing of these expensive power sources.
They limit a vehicle’s range, and recharging them isn’t nearly as fast as filling up your gas-powered car at a nearby station.
There is a lot of money to be made by perpetuating the New Green Scam. The U.S. government has spent billions of dollars to support EVs, with subsidies to companies producing them and tax breaks for people driving them. In fact, it was recently reported the Biden administration and the Department of Energy colluded to rig estimated gas mileage from EVs. Tesla was a huge beneficiary of this.
EVs are fueled mostly by electricity from coal-burning power plants.
It’s clear EVs are not an efficient solution to carbon emissions. Yet policymakers still push the “climate crisis” narrative — jeopardizing our entire standard of living by insisting we switch to inferior power sources and modes of transportation.
Farmers Fight the Green New Scam
UPDATESJanuary 19, 2024Jim Rickards
The Green New Scammers are hard at work at home and abroad.
If you are unfamiliar, the Green New Scam is a set of government proposals designed to fight the “climate change crisis.” If enacted, these laws would impose radical changes on nearly every facet of society, costing companies billions of dollars while diminishing our standard of living. You can read more in my intelligence file, here.
German farmers recently took to the streets of Berlin, clogging the main thoroughfares with their tractors to protest fuel subsidy cuts. They were soon joined by German truck drivers.
The purpose of the demonstration is to denounce increased tolls for CO2 emissions, proposed cuts to agricultural diesel relief, and vehicle tax exemptions.
Similar protests have taken place across Europe. Earlier this week, French farmers converged on the city of Toulouse and dumped piles of manure in front of government buildings. Last month, Irish dairy farmers, angry at nitrogen restrictions, marched with their cows to the offices of three government ministries.
European climate alarmists are pushing for full-blown mandates that will hamstring businesses and reduce the standard of living. Thankfully, the farmers are fighting back.
Hi Van, I was being a bit more optimistic with my production numbers than I really feel because I didn't want to appear too miserable! There seems to be a lot of comfort being taken amongst some investors in the prospect of 2 producing pits, but when it comes to it Kiziltepe appears to be about done now. The plant is there so costs should be low but I can see production there declining fairly steeply each year from now
I'd go 10,000 from Kiziltepe and 5,000 for Tavsan in 2024. Guidance should confirm this in February. Can never understand why they issue Guidance so late.
Agree with all your points which I have expressed over the years. Water off a ducks back.
Hi Stranger. But why are they selling if the share is undervalued? I keep asking myself that. One explanation would be many sales from ex Starvest investors, but looking at todays trades not many were other than round numbers of shares. If people are dumping ex Starvest shares they would very probably be anything other than round numbers. I agree that AAU looks undervalued, although I was saying that at 4p - in fact I sold many shares above 4p then started buying again when the SP descended below that level. O dear. Any prediction of 2024 production? How about 14,000 oz from Kiziltepe and 4.000 oz from Tavsan? Maybe have a sweep like the other board is keen on!
LoB I suspect 3p to be many peoples exit point, so that barrier wont be do much as hurdled as laboriously scrambled over. Personally I don't have a problem with Dr S, the dodgy expectations and timescales sown may come from his mouth but are the Boards message. I think MDV should go, and get some new blood, but that wont happen with his shareholding. I would like Dr S to be Technical Director with maybe a new CEO focussing on running the company and avoiding anymore poor JV giveaways.....
My principal worry is, we are now committed to a copper mine in the EU under it's jurisdiction which means extreme ESG which probably means it is unprofitable to mine unless we have ridiculous market prices for copper. I hope we can unwind our position somehow and why we did not go looking or a uranium mine in Kazakhstan or Africa instead - can we still do it? Copper or Uranium and copper was the choice!
Kicking myself at not selling out at the 5p mark and 5 bagged, I felt 8p to 10p was the target to sell out half of my holdings.
I have no idea what the Kosovan venture will bring to the table, everyone is out of patience.
Even more shares dumped today. How long is this seller going to remain active? The plant at Kiziltepe is probably going to carry on producing for another 5 years and Tavsan will come on stream this year (they are already mining and stockpiling the ore). It is apparent that Ariana is very undervalued. I suspect (hope) when this seller exits the market the share price will recover very quickly.