Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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Hi John. Good luck with that, my friend and of course you know that Chris Sangster is a member of your Ariana team, albeit a " Non Executive Director".
If you wanna be adventurous...consider RTX Corp on the NYSE. Regards DJ
Erhan Sener would be an interesting chap to listen to,
https://www.arianaresources.com/about-us/our-team
Hi LoB, think you are misinterpreting me. Not implying anything about the AAU boards honesty, even if I sometimes question their judgement!
Seems to me that a promising company, which coincidentally is well known by one of the AAU board who I think is a Royal School of Mines geologist, seems to be ripe for the picking . I just see it as potentially a big opportunity but admit I may have it wrong,
I understand your thoughts, John. I just hope you're not catastrophising. If there were any chance of all those RNSs over the years from Ariana being untruthful - which is what you infer, might I suggest - then I reckon most of the current board would be in danger of facing criminal proceedings.
As I say, whilst I'm not totally naïve about all this, I would strongly hope your worries are just that......worries, which never come to fruition.
As for Burnley's current likelihood of staying in the Premier League....now that's a well-founded worry (as far as I can see!!)
....or has anyone else noticed the latest RNS on 16th October from the now suspended AIM quoted Scotgold. A company that Chris Sangster Co founded, and was still involved with until Feb 2021 as a non exec. They have an operation in Scotland that seems to be low cost and was thought to have a significant amount of gold. However recently seems to have taken an unexpected turn for the worse and are in negotiations with an Investor rather than go into administration. Am I just being hopeful here?
Are you invested here wasred?
Paulideano, Biden economics have us in the doldrums. More likely a delayed result of trumponics and help only yourself DISMAL political and financial scheming, the twa/it.
‘ It really needs Salinbas up and running for there to be a big move here.’
Ariana has stated exploration over mining,
Maybe we are funding our boards love of exploration over what was in the shareholders best interests and I think the dividend was the sweetener to make us perhaps not realise it.
The pandemic and a Biden Presidency has really effected global economics and we will be in the doldrums for years to come!
another pathetic day in pathetic ariana land. as i said 4 years ago pretty much to the day, as a rather lone voice while everyone else whooped and celebrated the board of directors brilliance, the ozaltin jv was a **** poor business deal. did anyone vote against the deal except me? hands up anyone who wishes they had now?
we have given up , by my back of the envelope calculation, over 80,000 ounces of gold (alone) at kiziltepe and prospectively at tavsan. so $80 million lost profit for 25 million dollars receipt was it, less legal and other costs which themselves seem to run to millions? as i said, pathetic. this was a political deal, to keep ariana safe in turkey despite already having a turkish partner in proccea. i hate that, may as well do business in a corrupt african state if ariana has to effectively give out the huge bribes it has, because its now obvious that giving away 76.5% of salibas as well for equally sod all has, if anything, caused that to slow completely to a halt.
Unfortunately, people were saying that same thing 5 years ago and it’s currently heading back toward the same price it was back then. It really needs Salinbas up and running for there to be a big move here.
Patience dear chap, wait and see where we are in five years.
Gold soaring, Ariana flat lining, same old same old
Patience dear chap,
hard to believe this share. the bod have a guaranteed income as it is unlikely aau will go bust.
what is highly unlikely is that any of us will see any benefit.
why am i holding 600k shares? because i foolishly believed that kerim would produce the goods.
the big question is “will salinbas bear fruit”. kerim has enjoyed the luxury of continually stating its wonderful locality . marketing bull**** i hope not.
'About the Hertica Project
The Hertica Licence is situated in the north-eastern part of Kosovo, near the border with Serbia'
This is maybe why the SP is grounded, geopolitical risk everywhere owning this share.
Copied from Jim Rickards
Kosovo–Serbia. This is another in the long list of Balkan conflicts that go back to the origins of World War I in 1912–1913. The latest flashpoint is the confrontation between Kosovo and Serbia.
Kosovo declared independence from Serbia in 2008, a move that Serbia has never recognized. Relations between the two areas had been stable due to mediation by the EU and U.S. Recently tensions have escalated due to claims of a Serbian terrorist attack in Kosovo and the massing of Serbian troops on the border.
Serbia is a longstanding ally of Russia. Serbia is surrounded by NATO members (Slovenia, Croatia, Hungary, Romania,, among others).
On the other hand, if Serbia could regain control of Kosovo, it would drive a wedge through much of this NATO encirclement. The risk is not only of a war between Kosovo and Serbia, but that it becomes another proxy war between the U.S. and Russia, and a sideshow to the war in Ukraine.
Again, the risks of escalation are high.'
Although I am sure some of that he writes is just drama!
'Syria – Turkey – U.S. I’ll touch on this theater briefly. U.S.-backed efforts to topple the Assad regime in Syria go back to the Obama administration. U.S. troops are in Northern Syria to promote this effort and to control Syrian oil output for the benefit of indigenous Kurds. Turkey views the Kurds as mortal enemies because they are trying to liberate Kurdish portions of Turkey to join in a broader Kurdistan.
Russia has been heavily involved in supporting Assad with clear success so far. Turkey has recently increased attacks on Kurdish positions in Syria. The U.S. recently shot down a Turkish drone. Russia is on full alert. Russia and Turkey are on friendly terms but the U.S. and Turkey are NATO allies.
It’s complicated but the risks of U.S. dogfights with Turkish or Russian aircraft and the risks of a Russian missile attack on U.S. aircraft are high.'
What a conundrum, AAU could have financed Venus rather than handing out dividends but how far that would have gone may have been minimal but the rewards greater or our share will get diluted when the inevitable raises come along.
Investing in juniors is a risky undertaking and quite often a marathon through quite often adverse conditions but the last three are unprecedented!
You will be a green communist in this world rules order and be happy with what you have!
Stranger
As a 35% shareholder (post IPO) then any placing by Venus to existing shareholders will very much impact AAU, unless of course funds are raised though debt
I'd say the trouble in Gaza/Israel and the locality of Turkey to this situation could be a factor and there may have been a flight to safety.
Mind you uranium seems the place to go right now.
I cannot understand the sell off of Ariana shares.
Ariana has £7 million in total current assets of which £6.2 million is cash or gold bullion. The change in cash balances between Dec 22 and June 23 is £4,545,000 of which £1,228,000 is changes in debtor and creditor balances and £1,382,000 is the purchase of gold bullion. The change in debtor and creditor balances are largely discretionary and reflect the paying of current creditor balances and the fact that about £400 million of the debtor balance was used in the purchase of the gold bullion (a debtor has given gold bullion rather than cash to clear debts). This means that a total of £2,610.000 is not a fundamental operating cash flow and the real ongoing cash flow is about £2 million in six months. Ariana is not going bust soon and Tavsan will be producing profit and cashflow well before Ariana needs to raise any cash.
When Venus is floated off it will be a separate entity and will not need cash from Ariana but will raise its own capital for any mine development.
Goodness, what was I saying. I dream of the heady heights of 2.39p now. Those were the days eh?
'How have we got back to 2.39p to buy again with Tavsan imminent?'
How did I forget to mention the biggest elephant in the room!
ESG or green communism.
At some point sector rotation has to come back into the junior mining sector.
I also think once this has got over the line it may release the shackles in the sector to.
https://www.reuters.com/markets/deals/newmont-gets-aussie-regulatory-nod-168-bln-newcrest-deal-2023-08-21/
'How have we got back to 2.39p to buy again with Tavsan imminent?'
A 'scamdemic' that shut down the worlds economy, a pointless war, global economic uncertainty and a lack of volume and liquidity into the mining sector.
Fook Joe Biden!
How have we got back to 2.39p to buy again with Tavsan imminent? Just hope that comes in on time.
Hahaha, sooo much bad news lol.
Excellent little company progressing well.
The 40-50p comes from Kerims stated objectiive over ten years. At the time the company had gone from 5 mill MCAP to 50Mill MCAP. He intends over the next ten years to get to 500 Mill MCAP.