Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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'after 4 years I see no evidence of that acceleration despite AAU relinquishing in excess of 75% of its interest there. '
Pandemic lockdowns, earthquakes and armed conflicts in geopolitcal aligned areas, Ukraine, Syria and now Israel and a Biden Presidency playing turmoil in the world markets.
'An Economic Blunder of Epic Proportions'
https://dailyreckoning.com/the-recipe-for-150-oil/
and expanding,
https://foreignpolicy.com/2023/11/27/russia-ukraine-war-central-bank-reserves-assets-seize-reparations-sanctions/?fbclid=IwAR1nQzp5KlGK1UyX3HNKY44K6vu2vgAH8X1xBDkk8qqxeXZitmK4BXajaBU
How is anyone expecting acceleration when the principle priority is to stay afloat right now with caution which the Ariana board have shown to us. Remember Kosovo is in this geopolitical hot zone too.
If and when the copper story starts to unwind then we should hopefully get a rising tide.
TAVSAN TAVSAN TAVSAN.
Stranger
We don't know one way or the other about any help Ozaltin have provided that but your view is possible. We do know that many supported the 'new' JV because they thought Salinbas/ Ardala would be accelerated by the involvement of Ozaltin - after 4 years I see no evidence of that acceleration despite AAU relinquishing in excess of 75% of its interest there.
As for the dividends paid, I reinvested them in AAU. I expect many LTHs did too. My spreadsheet of AAU dealings (there are many) show that the first dividend was paid when the SP was just under 5p, the second when the SP was just under 4p and the last when the SP was pretty much bang on 3p. So you could say my dividend are worth about 50% of what they were!
@SS we are still in the open innings for AAU, the first batsmen got a century and we are established now, looking forward to batsmen 2, 3 and 4 all hitting a century each.
We need one more bonanza find, will Kosovo step up to the crease?
I suspect that Ozaltin brings more to the table than just enabling the JV to raise debt funding more easily. Ozaltin is a very large Turkish company with good political clout. The debacle over Tavsan when the 'environ mentalists' halted the build probably was sorted more quickly and in Zenits favour because of Ozaltins connections with the government.
Plus we all got our dividend and KS can happily indulge himself in investing in juniors and running their prospecting.
That's what I meant..Ozaltin is not relieving Ariana of development costs at Salinbas other than funding an $8m drilling program per the new JV agreement. With Arianas record.of loan repayments, employment of locals and slow but ultimatelysuccessful mine development, with Turkish citizens in senior positions and with the 50/50 partnership with a Turkish partner (Proccea) well established did AAU really have to give away assets so cheaply just to get access to finance ? I never was, and never will be convinced of that.
When Ariana sold half its share of the JV to Ozaltin one of the advantages was that with Ozaltin on board the JV would be able to raise its own funding for Salinbas. I remember that it was stated that Salinbas would be developed without any recourse to capital from Ariana. The JV will, of course, have to raise debt funding to build Salinbas but with Kiziltepe still producing gold and Tavsan coming on stream I suspect that raising capital for the mine build at Salinbas will not prove difficult.
@SS only a short matter of time until the bitter and miserable one came on here with their negative waves!
its a beautiful morning, ive got all my bedding washed and hanging out on the line and I come onto the forum to read sarcasm from the squeaky garden gate guy
https://www.youtube.com/watch?v=IH3P-CYilzw
Why will getting Salinbas into production not mean any capital cast to Ariana?
Once again the good news sends the share price down. Kizilcukur will add at least 20,000 oz of highly profitable gold production to the Kiziltepe processing plant, or about an extra $20 million profit for Zenit of which Ariana’s share is about $4.7 million.
The RNS states that production for Kiziltepe will go on to at least the mid 2020’s. Kizilcukur is not going into production for 18 months (mid 2025) and will give at least an extra year’s production. I can see Kiziltepe producing gold until 2027, all the reserves of the pits that feed Kiziltepe are having further drilling programmes and resource upgrades.
Over the next ten years Tavsan will produce a minimum of 300,000 oz of gold with relatively low production costs (profit at least $1,000 per oz) from heap leach and Kiziltepe will probably produce an extra 60,000 oz of gold at a profit of at least $1,000 per oz. This adds up to $360 million profit for the JV of which Ariana’s share will be $85 million.
On top of this Salinbas will, hopefully, have been developed into a profitable mine, at no capital cost to Ariana, Venus will have had its IPO and be producing copper and gold, and some of the other investments may have realised some return to Ariana.
Why is Ariana languishing with a market capitalisation of only £24 million? I guess that investors do not see where the return on their investment is coming from, the worry is that Ariana will keep investing the profit from Zenit into more and more prospecting, where the returns are always in the future. Ariana desperately needs to have a dividend policy that returns some of the profit to the long-suffering investors. Ariana needs to take a leaf out of the playbook of CAML who return a good dividend at the same time as building a war chest to invest in new ventures.
You're not surprised are you John.
Well that went down well.
Woof Woof!
With Kerim & Zack.
https://www.youtube.com/watch?v=jaxLfAUPkrw
Rob Tyson Interview up
Is it just me, but 1.3% seems a little tight.
Fair enough if we get 100 projects in Africa and across the Tethyan belt paying 1.3% may make me lick my lips in anticipation.
So we are moving into an exploration and royalty/ streaming model which will take time to build up. I do like this idea and I am already invested and have time on my side to sit it out - what could possibly go wrong?
Give the guy a break he might be having problems with his garden gate again!
If you respect other peoples opinion jonhpwh, why did you filter me because of my opinion?
No need for sarcasm Shortarm, that is my opinion and ask you to respect it as I respect yours. Looking at this companies SP performance over 4 years there are, I suspect, more LTHs who have taken off their rose tinted spectacles than those who are continuing to wear them. It's 2 pence now not 6p or 4p or even 3p. The story of Ariana is wearing very thin.
Yes John, I am positive that Kerim (with his reputation, ability and knowledge) just though though "250K - whatever! Ill have some of that! It's not my money anyway"
Course he did mate :-)
In my opinion Dur Diligence should be being done on whether AAU should be considering investment there, not whether there is gokd there. Zimbabwe is considered by most to be one of the most corrupt countries in the world, ranking 157 out of 180.in one report I saw.
Hi Hopefully Gold. Your " handle" says it all but you hit the nail on the head with your comment about the CEO having a lot of plates spinning with drilling campaigns ". It's been like that for years. The man is a super geologist and that is his joy. The bottom line is that Ariana is still a "minnow" within the industry and we PIs have been waiting bloody years meanwhile to earn anything worthwhile from this Company. Remember riches below ground is just the first stage. After drilling costs comes funding, serious costings and viability discussions before (and maybe during) the discussion to proceed with any project etc etc. You are probably looking at least 5 years plus before any worthwhile product is actually amassed and sold. Finally is gold price going up a lot.....or not? So, with respect, DYOR as is often said on these chatlines.
Hi I became aware of Ariana after my purchase of Starvest yesterday. After a little Googling I came across this YouTube video released yesterday. The CEO seems very switched on and has an amazing memory. You have a lot of plates spinning with drilling campaigns and it only takes one. Hope you enjoy the video I was very impressed.
https://youtu.be/eaJvJuOh_4M?si=ekT5FWEEopsyQH9i
Hi LoB. Your decision, my friend ! As you know I 'd had enough and got out when the SP was just a little better than now. Deano used to boast that he'd buy in again if AAU fell to 2 pence so maybe he might soon get his chance. Long term there could be some money to make...but you can't rely on Dr. KS anymore because there is no real published road map and all that happens is investing in obscure minnows and constant mentions of drilling and future rainbows to come. How long does it take for pigs to learn to fly?
As for me.....I immediately invested my massive profit from selling my AAU holdings ( I wish!) in Centrica and reaped a few thousand $ (or pounds if you prefer). This Autumn doubts began to emerge whether their climb would be sustained into 2024 so I cashed in and have added some BAE Systems as a mixer to my RTX. But I'm watching them like a hawk (or harrier if you prefer, lol ). Everything is topsy turvy right now , especially in US and UK politics. Might be a good time to sit out the winter. I used to enjoy playing the casinos as a sideline and partaking of their complimentary or somewhat subsidized food and beverage. Unfortunately we haven't any in South Carolina...but The Missus and I have enjoyed some profits from local "scratch cards!" while shopping and/or fuel.
Paul 1D....Yes, I'm still in VLRS. It's had peaks and troughs so I've been in and out a few times. Their logic is based that Mexico has no passenger trains and you don't wanna be spending a couple of days in a bus with noisy folk and diaper changes when a Volaris plane can carry the same number of passengers the same distance for the same fare in a couple of hours instead. Squeezy Jet, Whizz and Ryanair see to be generally profitable over the years. I guess overall I am in profit too but last year was rather a nosedive. However currently passenger loading figures are excellent, they are acquiring more aircraft and more licensed routes both in USA and in Central and now South America. In consequence shares are climbing again and the financial "gurus" are indicating a "Buy" rather than their previous Hold or occasional Sell suggestions. I'm hoping their success will provide me with a new Pony GT. Clearly Ariana failed me on that score.
Thanks Bitsub but this is a marathon not a sprint....
Based on your outlook and selections it would appear that penny shares are perhaps not for you Paul !