Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Thanks to Xow98 on the other BB
hTTps://investingstrategy.co.uk/stock-tips/why-do-some-ceos-remain-silent-as-the-share-price-tanks/
· Significant historic intercepts for Dokwe North include:
o 8m @ 197.22g/t Au (inclusive of a 1m intercept of 1,568 g/t)
o 14m @ 54.75g/t Au
o 85m @ 5.23g/t Au, including 15m @ 13.64g/t Au
· Significant historic intercepts for Dokwe Central include:
o 49m @ 4.42g/t Au
o 27m @ 6.53g/t Au
o 57m @ 2.72g/t Au, including 17m @ 5.91g/t Au
love a good game john. the one on the other site is hilarious. all those hoping for sp getting to 3p this year are just wishful thinking. as far going above 2p for 3 consecutive days i'll go for 12th september, as i'm sure tavsan will be later than they say, although i do want this to succeed its going to take a long long time. another good game would be how many goals will ****nal score at turf moor on saturday. my guess is 4.
Thanks LoB, Van.
Very interesting, I’m now considering a buy in on the back of that information.
‘ my 67th birthday on 14th May’
I’ve marked that date in my diary and should we book the function room at the Man in Space pub for a party?
Back over 2p by 15th March for me John. Over 3p by end of June.
I posted this on the ADVFN Starvest blog. Might be of interest.
Re: Ariana Resources, this might be of interest to those coming into ownership of AAU shares.
Tom Winnifrith in his "bearcast" yesterday apparently says he has exchanged an email with Kerim, CEO of AAU. Kerim confirmed all going ok. Tavsan (the second gold mine owned 23.5%) is, if anything, ahead of expectations. (Production expected mid this year). News on (the drill programme) at Salinbas still on schedule. He did mention the Starvest situation as well apparently. (The Board are aware these shares are being released as part of the Starvest cancellation). Tom has decided to hold onto his AAU shares (in his SIPP) for the expected re-rate and he likes dividend payers. (Ariana have said they want the financial discipline of being a dividend payer, which is expected to happen once the two gold mines are providing cash flow. The Co. is of course debt free. Hopefully this could start end 2024 early 2025. My estimate) Listen to the "bearcast" if you can to get more reassurance.
Well I will be slightly more optimistic and say that we should know by my 67th birthday on 14th May that the production is on track!
Any more??
OK - I'll play along.
Back over 2p by June 7th when we have had definitive news of first gold coming from Tavsan......that is not actual gold from Tavsan, just a confirmed date in the future when we will have some....
In the spirit of the excellent posters on the ADVFN I propose a variation of their recent sweepstake about when AAU will be first above 3p in 2024. To which my answer is that it is doubtful it will be. It is :
On what date in the remainder of 2024 will Ariana's bid price at close of business have finished above 2.0p for 3 consecutive business days for the first time.
I remember Ash on here a few years back. He seemed to have good accounting knowledge, he had the sense to get out and stay out. From memory he likeg the 'new' JV as much as I did. Mind you Ozaltins involvement after taking over half the assets for a pittance has at least speeded up Salinbas as promised.....oh, hang on, we are further away than ever with no progress in years. The way the Board of Ariana had the wool pulled over their eyes in that deal was laughable. Think how much our ceded 26.5% of Kiziltepe would have netted by now, how much in the future, and how much having 50% rather than 23.5% of Tavsan would have meant over the next 10 years at 30000 oz production per year. Or maybe don't else you'll be down the pub to drown your sorrows.
Of course, you're right. Zenit's investment in plant etc will depress their profits and so depress AAU's share, I guess. Oh the irony of us still having to pay for the development of any mines going forward, having given away so much to Zenit...........
PS I, too, like the @rse censorship earlier......they won't get me this time, though!!! (Well. I hope not)
Love the censorship applied to the mighty gunners!
I am from a finance background but my accounting knowledge is very very basic and restricted to what I learned when doing taxation exams. Yes there is income from the gold production, but that has effectively flowed through largely to plant construction, never reached AAU as I am not aware of any dividends paid out of Zenit to AAU. So assuming that this sort of plant is recognised as having value in the net assets of Zenit then maybe it comes though as am increase in the 'Investment' line, as AAU is a shareholder of Zenit?
Gawd knows, just have to wait for the annual accounts to be published.
hi john - thanks for your reply.
whilst i understand we're looking at the balance sheet for end of 2022, and there might well have been investment in tavsan (or plant, elsewhere, for that matter), we have also been earning our whopping 23.5% from the 18000oz of gold. i reckon this should be (conservatively) about £3m i.e. 18000oz with our net share being, say, $200 per oz = $3.6m
that cash should, in theory have contributed to strengthening the balance sheet and, ironically might even make the nav per share higher than the 2.32p.
as you say, though, the lack of info from the board about not just this but almost everything else is staggering (apart form the usual 'is pleased to inform about another (small) hole in the ground with some interesting minerals which we are unlikely ever to mine (profitably)'.
sorry, i'm getting more cynical in my old age.....and i used to be one of the more optimistic posters on here......
i suspect there's more chance of burnley beating ****nal on saturday than there is of ks giving us some helpful info any time soon......
Someone inform this dumb fk there was a mining incident in Turkey yesterday!
I was hoping for an RNS to address the currant situation and reassure or at least explain to shareholders, who don't possess the knowledge about the health of the company that the Board do. Instead nothing, sod all. Zilch.
This just proves to me the contempt that de Villiers and Sener hold for shareholders. We are a necessary irritant to them to be ignored, while they conduct a quoted company as if it was a private one fuelling their lifestyles. I used to respect Sener at least, but I don't even feel that way about him with his now monotonous upbeat spin on progress, joke about AAU becoming a half billion MC company and massively missed targets year after year.
HI Bankrupty. Sadly DJ is not out again. I thought a "dead cat bounce" might be in the pipeline. But instead it looks more like titzup time.
Sorry that was meant to read,
‘Hard one LoB, I assume c.0.c.k. in hand’
‘ Invest in North America! ’
Investing in North America is a derivative of investing in Ukraine.
https://www.hawley.senate.gov/hawley-votes-against-senate-leaderships-bill-bankroll-ukraine-while-overlooking-nuclear-radiation#:~:text=Last%20night%20Senator%20Hawley%20spoke,compensation%20after%20decades%20of%20suffering.
‘hard one lob. **** in hand is down!’
peculiar chappy you are!
Hard one LoB. The net asset value quoted was relevant at the balance sheet date of December 2022. Lot has happened since them which don't think any of us can truly predict - except that with no Zenit Income because of the Tavsan plant build I assume cash at hand is down!
Https://twitter.com/politicturk/status/1757392928761131413
Sadly looks like there is going to be fatalities.
‘ Hardly any assets (like plant for mines etc) showing and so not being written off over time. ’
I would have thought assets like that would appear on the balance sheets of our Turkish partners who own them?
@Lordof Burnley - Not so easy to do when the value of those assets is likely inflated to suit regulatory covenants. Actually realising that value on an open market basis is probably impossible. I regretted selling Ariana shortly after Covid hit when the price plummeted to around 2.5p when I sold. Now, it appears I was lucky.