Member Info for johnpwh

In fairness the cost was only £6 (I deal online which is cheaper than by phone) so it doesn't really matter - I call that a couple of lost pints! It was simply the incompetence of my doing it. Who knows, I may even turn a profit on it eventually.
I don't 'do' Facebook (mainly out of principle) but on VanVans recommendation I am on Twitter now - Ariana does post there quite a lot, stuff that isn't necessarily subject to RNS, and I have no regrets that I followed his advice. I recommend it.
Was looking at a Hummingbird presentation just, prompted by a conversation I had with a fellow attendee last week. It is one of the 'peers' mentioned in Ariana presentations. Cant claim to have given it more than a quick read (well, it beats 'The Sun') but can't say I would be that interested. By comparison to AAU they seem to have a huge senior management team, high costs/oz, significant debt (they have taken on more since I think), have production problems and are operating in areas (Africa) I wouldn't normally consider investing in. Undoubtedly they have good reserves, but that isn't enough for me. I like Arianas controlled, methodical approach to developing the business. I have posted a link, in case anyone is interested in having a read about one of the peers:

http://hummingbirdresources.co.uk/_downloads/HUM_Corporate_Presentation_Dec_2018.pdf

You can say that again!

Seriously, the power of search engines astonishes me. I pasted that into google, didn't ask to translate, just simply hit 'go'. Instantly it suggested the Ariana LSE website! How does that work with the immense amount of data on the internet? Don't spoil it for me, I just want to keep thinking its magic...

Will admit something that may make you laugh. I found I had 5000 more AAU shares than I thought I had, so I did a bit of investigation. Turns out when i was doing a dummy purchase the other day I must have pressed 'accept'. So I paid Barclays their standard commision, which is level on deals up to many thousands, for a 60 quid purchase! Annoying!

DJ
Bit of a shame she's of Italian descent then, so she wont understand you!!

I may possibly be at the upper end of her acceptable age range!

Is anyone else fed up with putting Ariana into Google and getting hits on singer Ariana Grande?
Particularly galling since her net worth is probably a multiple of the MC of AAU.

What is this news on ADFVN I cant see?

VanVan
is that the one from 30th Nov, about 26 minutes long? If so I think the company put a link to it on Twitter.
Its very good, effectively the same presentation he gave to S/H later that day but without interuptions. The slides on the left hand pane were compiled into a booklet, I meant to take a couple of additional ones for people but clean forgot!

Hi Levi
Refer you to this, 2:20 onwards, oil specifically mentioned at 2:50 ish. Maybe some sort hedging effect despite oil boing priced in $, cant pretend I understand.

https://arianaresources.com/in-the-media/1214-ariana-resources-gold-production-climbs-in-q3

Hi Levi
I agree with what you say about fuel. However anyone who reads the rubbish I spout will remember I was concerned about costs for last quarter because of the effect of the then high oil prices. That turned out to be unfounded, and in fact Dr S did mention it in the interviews following the financial result - he said that the weak lira protected AAU from high prices because of some Management Contract (?). I didn't really understand it, and that's another thing I intended to ask about on Thursday but didn't have chance to.

HI
I don't really think that the history as a producer is long enough to see patterns and hence draw any conclusion yet. There may have been problems last year (I cant remember sorry) with getting ore from the mine due to weather (mainly a bit soggy), But the situation now, I believe, is that there is a significant stockpile of ore at the plant so that weather causing disruption in mining operation shouldn't be a serious problem

Pretty much my view.
I think the next production figures /financial results are pretty much expected to be the same as the last quarter. Would be very surprising if they weren't, but always possible if there were, say, problems with the plant (that was a question I had pencilled in for last Thursday but didn't ask. The plant has been running 18 months, and I don't think crushing rocks is very easy so wonder about maintenance/ reliability as the plant ages).
I may have additional funds in January so may be tempted, but to be honest I am a bit apprehensive about increasing - simply because compared to MC my current investment is already breaking my own rules!

Just got 1.53999 quote for dummy purchase. Definitely has woken up. Maybe we will get some coverage in the press soon? May be a naff paper but even something like the Daily Mail could give a significant boost here.
Happy today despite the weather, my 2 largest holdings are doing well!

DJ
Come on mate be happy, enjoy the sunshine and the SP rise! Its cold and wet here!

VanVan
Yep, lets look forward.
Its nice to see this latest rise holding rather better than it usually does. Unfortunately we are reaching the time of year when news will be relatvely sparse. There is work stili to be published on drilling at Arzu North that was pictured the other day on Twitter, plus there is apparently drilling going on at Kizilcukur. Plus the production numbers for the 4th Quarter mid January. Hope that is sufficient to maintain the SP

Hi in4ceros, Van, Able
I don't do conflict, I really don't!
I want this to work it to all holders
Good luck all
John

With respect, if you visit 'Dr Bum Bum' via Google you should consider deleting your browsing history afterwards

I think you lot are a bunch of real ale drinking, sandal wearing fossils.
Not heard of Kim Kardasian? Big bootys are good (apparently), some women are risking all to have bum implants.
Come on chaps, keep on trend....
Hoping for an RNS tomorrow about AMs arrival and confirming how long she is expected to be on holiday in Rotterdam. Doubt somehow Ill get it though

Was it? I try not to look at the results, just watch MOTD later.
Commiserations but at least you made a few bob this week!

Hi Able
I don't want to fail to reply to a post addressed to me.
I appreciate you clearly have deep rooted feelings here, and you have every right to hold those feelings. We are all free thinkers, and for all its faults live in a country that respects that. The rise in SP this week has given people an opportunity to bail out if they wish. I may be wrong but I don't think that you do particularly, but equally I don't think you can be a happy shareholder if you cant let go of a grouch from the best part of a year ago.
I'm not being dismissive by saying move on, just expressing that it doesnt personally concern me at the moment. If there were a silmilar award to Directors in the near future before a significant rise in SP then maybe I would be up in arms, but otherwise I want to look forward not back.I would certainly expect to see Executive Share Option Schemes in the future, and why wouldnt there be? Every publicly quioted company I have worked for has had incentive schemes for both Execs and staff.
This week has been more about RNSs, Thursdays verious presentations and the feeling that times are (hopefully) a-changing (as Bob Dylan would say). So I'm not being rude but I for one have invested many hours and a modest expense outlay on AAU this week. Much as I like AAU I'm not going to spend much more time on it for a few days! I'm all AAU'd out!
ATB

Hi VanVan
Just hope the company knockers don't use my words as a weapon again like with the road!
I like these events. You can read all the words, watch the staged interviews. But until you really see someone present you don't know what is the truth (I worked with a lot of people in financial services!). If Dr S is pulling the wool over my eyes he is in the wrong profession because he could win an Oscar!
The most disappointing bit for me was the confrimation of what 3 x meant. However the company never mislead about it, I simply had interpreted the written word in the way I chose to. Rereading the presentations it is actually clear, and it was this realisation that made me ask. It does seem a bargain, a rough calc based on 33000 ounces from Kizilcukur is that Proccea gain c.£7.5m profit in exchange for £0.5m investment. But there must be reasons.
Looking back at previous presentations the 3 x deal has only ever been mentioned in respect of Kizilcukur, never Ivrindi, again I read in what I wanted to read!
Heap leaching was mentioned both for the low grade material at the mill and inreaspect of Tavsan, so yes. Apparently they are already playing with it at the lab.
Sounds like the Mining law is just something the Government periodically revise (hence the mention of 2015). Dr S didnt seen perturbed at all by the prospect.
I specifically mentioned the Gantt, but realised on the way home I never got an answer! Maybe they are worried about being specific when the timetable is dependant on receiving permits. I got the impression that sometimes the permitting occurs faster than expected and that at others moves with the speed of a sedated tortoise. And I got the impression that they couldnt be more specific about Salinbas permits for that reason
I felt very happy about the evening. I was sitting next to a fellow Brummie (dressed somewhat smarter than me!) who had been recommended to look at the company by his accountant. He was very impressed and said that from what he had seen and heard would definately be increasing his investment substantially.

Q. Tavsan. Is that still on schedule for production in Q1 2021 per May presentation – the presentation released in October seemed a bit vague on the subject. Could we have the Gant charts back in the presentations for the Western Turkey operations?
A. Work is progressing. The prospects are shallow and Heap Leaching will be employed to obtain recoveries of 80-90%, samples currently being tested at the Kiziltepe research lab. The company is pursuing EIA and permits. EIA expected late 2019. Expected mine life is expected to exceed the 4 years given in the scoping study. Cannot promise that the original timetable will be achievable but confident that this won’t be a long delay. Sometimes these things just take time. Funding is not yet arranged but given the banking relationship, and that the existing loan repayments have been made as arranged without variation, the company fully expects that the Tavsan loan will be offered from the same source. Dr S said that the timetable at Tasvan would be much clearer in 12 months time.
Q. Salinbas. What is the current feeling on when production will commence?
A. The focus is on exploration rather than production at present. That will come in due course when the area is more fully understood. Our understanding is increasing all the time and the current models are accurately predicting where we will find gold, in particular predicted both Salinbas North and South (Note: See BBR for better detail). Interest from 3rd parties in Salinbas is still being received. (I felt there was a bit of restraint shown here as if there was more that couldn’t be said). The Q2 2019 2000 metres of RC drilling will be in areas where permitting has been received, still awaiting other permits which will allow remaining of the planned 10000 metres to be drilled. Each hole is expected to be in the region of 100 – 150 metres deep.
Q. Is there any plan for a dividend or share consolidation?
No dividend currently planned. The production is profitable but any available cash has to be used for loan repayments and exploration. The BOD are themselves shareholders so they are similarly interested! The board is conscious of shareholder expectation. Potentially in 2020 onwards, when the current loan will have been repaid, there will be a significantly greater amount of free cash – even after a loan for Tavsan is taken out as repayment of this later loan will be supported by the resulting production increase.
The board have discussed share consolidation, no decision has been made but it is a possibility (I expressed that in some peoples consider a ‘penny share’ with suspicion, thinking it indicates impending failure, that psychologically investors ‘like’ a SP in the range 50 to 150p).