Member Info for Dubbs99

Great to have it confirmed though. Thanks.

Make that receipt of cash the equivalent of 50% of the current market cap value!

The update on the disposal and restructuring of the Joint Venture and the special dividend is transformational news for Ariana and the shareholders. The imminent receipt of cash that is the equivalent of c.25% of the market cap of the company is great news and shareholders will receive 50% of that less tax and costs. Most importantly Ozaltin ,the new majority partner, has the finance , assets, capacity and political standing in Turkey to build the mine at Salinbas where there is at least 1.5M Oz of gold.
That is fantastic! The line in the RNS that I really need to understand is shown below:

Ariana will be free-carried on further costs associated with the development of the Salinbas Project;

Does that really mean that Ozaltin could build the Salinbas mine at no cost to Ariana and subsequently Ariana will own 23.5% of all profits from that mine? I.e 23.5% at say minimum net profit of £500 per Oz x 1.5M Oz = £176.25M?

In my opinion..

Thanks Ash, the important point will be how the Turkish treasury determine the price they pay in Lira, I.e. is it based on the US dollar price/value at the time of purchase? And if so do AAU immediately exchange the Lira (they are paid in) for dollars to avoid the Lira devaluation that is occurring?

Andrew Taylor, my view has always been that AAU is protected from the lira weakening and the Turkish economy failing because it is paid in US dollars for its gold and silver. On that basis its costs become cheaper relative to the dollar as the lira weakens so AAU actually profits. I'd welcome the views of others.

The gold price had to take a correction at some point and profit taking was inevitable both on gold and on AAU by short term investors. The gold rally will recommence soon enough and AAU is extremely well placed to continue to improve its fundamentals whilst the gold and silver price trajectories continue to point upwards. The medium and long term opportunities for AAU to increase its profitability look very encouraging to me.

RD2U, Coincidentally, I work as a CFO and my organisation's auditors are PwC. They, like KPMG and the other members of the big 4 auditing firms have, despite existing contracts at agreed fee levels, massively hiked their proposed fees for their next audit, a few months post them being appointed again to undertake the audit. They are blaming the external climate and the greater legal expectations they now face. Whilst that is true I genuinely believe I can get just as good an audit from one of the firms in the next tier of organisations down who do not pay their Directors and partners quite as much and will therefore charge my firm considerably less. PKF Littlejohn are the sort of firm I will be looking for. I think there is a very high likelihood that Ariana are simply doing what I am planning to do most probably for the same reason.

Thanks Ash

What would be a reasonable PE ratio for Ariana and is there an average PE ratio for Gold producers?

Thanks in advance for any answers/comments

Thanks TrustedInvestor, this is positive and what I had been hoping for. Ebitda of £4.5M by 2021 - excellent. I really do not understand why this wasn't published on Friday with the results and my share holding value probably wouldn't be c.25% down now!

Totally agree JohnHenry, oversold based on over-optimistic expectations for the 2018 results. We really need to see the future expectations soon!

More good news re: Japan this time but where is the Broker's note? The huge global market and BrickLive's great position in it is clear to see but we need to see the EBITDA/profit growth targets ASAP after Friday's disappointment.

were pretty much as expected. I think a £333k EBITDA is reasonable at this stage although not spectacular. However, its the Broker note I really want to see. Can LVCG hit a £3.3M - £5M EBITDA within 3 years. I expected the broker note to come out with the results.

I think, Graphic Boy, you are absolutely right, the win win partnership opportunities for Brick Live are endless. Who wouldn't want to partner a family friendly event/set of products that both children and adults can enjoy and is educational at the same time? That is the huge value generator in my opinion.

Not only touring sets revenue but no doubt great merchandising opportunities!

Surprising to see such low volumes of tarding this week and two quite large sells. Hopefully results and broker note are not far away now.

Momentum building...

Yet more shares being locked away into share ISAs yesterday and this morning too. All positive.

Yes Darola, SP will break 70p pretty soon.