Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
£1.10
I could get a top up in?????
Did anyone see this coming? I certainly didn't - this was straight out of the blue, as unusually quiet for a while . This represents a healthy but justifiable premium from where the SP currently sits, as we have been well undervalued relative to other simular exploration co's. for too long.
Can someone with more experience than myself tell me exactly how much a Mariana share is now worth?! There's a lotta numbers on the rns!
But very well done to all of you on here. Well deserved
A glass of something special is called for.
Bought in here quite some time ago before the area near condors proved to be a mini dud and the sp dropped conceded this to the bottom drawer- boy am i glad I did as now nearly tripled my investment. Well done to all still holding.
I exited circa 4p old money after spending a while here. Patience does pay off on good stocks
I bailed from here a long time ago and was doubtful it would ever come to anything. So well done to all you guys who hung on. It just goes to show, miracles do happen from time-to-time.
Is it true please tell me it is. Rodney I'm rich 😁
takeover offer..congratulations..you deserve it
Not sure if this got posted from the Fiancial Times; "As of Apr 21, 2017, the investment analyst covering Mariana Resources Ltd. advises investors to purchase equity in the company. This has been the consensus forecast since the sentiment of investment analysts improved on Jun 04, 2015. The previous consensus forecast advised that Mariana Resources Ltd. would outperform the market." https://markets.ft.com/data/equities/tearsheet/forecasts?s=MARL:LSE
A lot of the extra drilling since our most recent resource estimate has been infilling drilling designed primarily to increase confidence in the resource estimate by moving us to a 25m grid. Whilst this drilling will also have added to the overal resource it will not have done so pro-rate to the number of drills completed. The potentially exciting bit is the offset block to the south of the main resource and towards the old Russian mine area. There are some decent though generally lower grades starting to emerge here, though the computer graphics on the Mariana website suggest that this may be a more fragmented and hence possibly more expensive resource to mine. At this point I have no doubt that we will get a significant resource increase in due course but whether that will be equivalent to 2million ounces of gold or more we cannot tell for sure at the moment. It will also be interesting to see what impact the new resource will have on the required capital spend and the IRR. One possibility is that the capital spend will rise and the IRR will come down a bit. The other possibility is I suppose a two stage project in which the core resource is mined in the first stage and the southern resource is then mined after the core resource is exhausted. In this case a key issue for the profitability of the second stage will be the extent to which it can make use of what would otherwise be redundant facilities left over from the first stage. This point is important because it ought to make the second stage a more profitable investment than if it were a free standing mine.
That's great Mr B. Yes, come for GP, stay for the G&T (For G&T read wine or beer)
General. Will check the diary is there free plonk??
See you there (any and all who are going). Hi Skibba. Can you DM me if you can go. Good to catch up over a vol-a-vent :)
To be honest @D220, I think it's very unlikely that newsflow will be "manipulated" to accommodate Greg's upcoming London appearances. The 1-2-1 mining investment event is a prestigious annual show which I believe Mariana, Solomon and others have attended previously. The other event is a much smaller, retail-based forum which Greg might not have attended at all had he not had another reason to be in London. The fact is that the PEA didn't get a huge amount of airtime when it was released back in January. I am assuming that at both of these events, Glen's focus will be on highlighting the upside offered by these numbers even if nothing more were to be discovered, and then to outline the work that's going on in the Russian Zone @ HM, at Ergama and at Cote d'Ivoire (which we already know, but which cannot be valued yet). Whilst LTHs are beginning to crave some "new" news, I don't think that's needed at all for Glen's appearance at the investor event.
What chance of news before that PR blitz???
Actually samroy, I was referring to this one, which is a larger, much more corporate 2-day industry conference starting the morning after the Proactive Investor event you have pointed out. http://www.weare121.com/121mininginvestment-london/mariana-resources-management-interview/ So the Proactive Investors event is 6pm on the 9th, and the 1-2-1 event is on the 10th and the 11th with Glen's presentation on the 10th. Good to see Glen getting maximum value out of a visit to London. I guess I will be attending both events...
Proactive Investors One2One Investor Forum - London Mariana Resources Ltd. May 9th 2017, 6.00 pm - Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair Hi ludeck is this what you a referring too? If so I will not be attending unfortunately. Still got a large holding in here, enjoyed reading your posts earlier and recommended.....
Received my ticket this morning. Anyone else planning to be there? @Samroy?
Ok @fulmar, so what I think you are saying is that you've taken the 3.145 M oz figure from the PEA, doubled that to account for the additional drilling (and Glen's comment) - giving us 6.3 M Oz - and then taken our 30% of that to be roughly 2 M ounces? From everything we have been told, but without a geological background to be able to make my own interpretation of the results from hole 63 onwards, this sounds like a realistic aspiration. Whether we will get quite that far by the time of the cut-off for the 2017 MRE I doubt. There will be more drilling after that (in Q4 and perhaps into early 2018), but there obviously needs to be a cut-off for the MRE, and I assume that will be coming up no more than 3 months from now.
my 2m is an estimate of the original MRE quants added to the additional drills you have outlined.That in conjunction with Glen's words of "a conservative PEA" and "now looking to double the resource size". The increased "cut off" I believe will be increased further ,before averaging out for the whole site.Lots of drilling and area still to go.I believe the next 2 tranches of drill results will show we are getting to grips with the nature of the offset southern zone and also some interesting initial R Zone reports which already are assessed at decent grades (Marl web)
@dubliner and @fulmar – is your 2M oz figure an estimate of the additional resource that has been discovered since the PEA was published? For the sake of newcomers to the board... The most recent MRE is detailed in the RNS from Jul 26th last year. http://www.lse.co.uk/share-regulatory-news.asp?shareprice=MARL&ArticleCode=7bl6guht Ignoring the zinc, that MRE revealed the following: Indicated: 3.43 Million Oz Au equivalent (2.79 Million Oz Gold + 166,000 Tonnes Cu) Inferred: 439,000 Oz Gold equivalent (375,000 Oz Gold + 17,000 Tonnes Cu) So 3.43 or 3.87 million ounces, depending upon your version of reality. This covers drilling up to and including hole 62. These figures have since been superseded by the PEA, published on January 17th this year. http://www.lse.co.uk/share-regulatory-news.asp?shareprice=MARL&ArticleCode=ct8ar3h8 The PEA has taken into account the same inferred and indicated resources that the most recent MRE does (i.e., up to and including hole 62). It applies an approximate resource cut-off grade of 3.3g/t gold equivalent (higher than the 2 g/t au/eq cut-off used in the MRE), and – having completed some of the metallurgy work – we now have recovery rates of 88% and 90% (for gold and copper respectively) to take into account (the MRU assumed 100% recovery). Applying this higher cut off and the two recovery rates, the PEA estimates the following production over a mine life of 9 years: 3.145 Million Oz Au equivalent (2.6 Million Oz Gold + 142,000 Tonnes Cu) Note that I have done the gold equivalency calculation myself here, and it is an approximation. If you don’t trust my numbers, stick with the actual Au and Cu numbers! So up to hole 62, we have 3.145 M Oz. We know for a fact that they have drilled at least as far as hole 106, but that was as of 1 month ago. In reality they should be up to hole 115 already, and be publishing news up to hole 118 by the middle of next month. That means we will very soon have drilled almost twice as many holes as have been accounted for in the 2016 MRE, and the subsequent PEA, so quite obviously we can look forward to something well north of 3.145M oz in the 2017 MRE.
sorry to be pedantic,but I believe the PEA was totally out of date when it was eventually published ,and the drills to date IMO will already put us at 2m or more .I believe the HM field (5km fautline still open @ depth)will bring well over 3 1/2m oz .(if we get that far) GLA