Member Info for johnpwh

Shortarm,

Apart from one extremely unpleasant individual who I filtered because of several perverse sexual innuendos made on this board, I try to comment only on Ariana and occasionally some 'off topic' banter, not fellow posters. However I find the tone of your post is passive aggressive.

My post commented on the company. I made no assertion of fact, only that as far as I was aware pre Ozaltin there was more drilling at Salinbas that after, bearing in mind that a major justification for this costly (to AAU shareholders) JV was an acceleration in the program there. That was qualified as being an opinion, and I am more than happy to be proven wrong.

You have stated, as fact, that that more drilling has been done over the last 3 years at Salinbas than in the previous 17 combined. As a shareholder I would be more than happy to read the source of that statement. Could you provide please as from a recently released RNS I believe the figure is actually less than 40%.

Addressing the other part of my post that you seem to have taken exception to, a bit of a back of the envelope calculation for you. After yesterdays excellent RNS lets make an assumption that Tavsan now has 350,000 oz of gold, that costs will be $1000 an ounce, that the gold price will be $2000 long term and that the exchange rate remains around 1.25. Realistic but at the same time conservative assumptions. Based on those figures the profit 'lost' by surrendering 26.5% of Tavsan amounts to £75 million. This ignores the profit lost from giving away the same proportion from Kiziltepe production since 2021 and until the mines there are exhausted. Include that and the loss would be closer to £100 million.

I see more green messages. Wonder how many read them?

Hi Claret

People like round numbers (non worse than me, in terms of shares held I always buy and sell in round numbers) so waiting for 3p might take a while. maybe set any sell option price just a smidgen under?

I have warmed a little to Zimbabwe, not just because it looks a good deposit. Post Mugabe they seem to be trying to integrate themselves back in the mainstream, and while their reputation is tainted by the immediate past there are maybe opportunities to get in their cheap - by that I mean not only in terms of corruption but also not getting strangled in red administrative tape, with their leaders encouraging inwards investment. What concerns me is that based on the price paid to date, a decent shareholding in Zimbabwe is going to be costly unless it is earned by providing services rather than cash - cash that Ariana is not all that flush with at the moment. I see posters on the other board banging on about Ariana being debt free, but that isn't written in stone. With so many early stage projects how can we be sure that longer term debt or a rights issue wont be required? Worrying to me because AAU, even with Proccea in concert, are outvoted in the JV and therefore cannot demand a dividend from surplus there. And debt, as an alternative to a equity issue, is expensive at present.

As for Salinbas..... how much closer are we than 10 years ago? .

Hi Claret. 2p or 3p? Looks like VanVan has the 2p in the bag provided we end over 2p today and tomorrow.

I would still be pessimistic about 3p this year without significant news other than Tavsan. Tavsan reaching production this year is already well flagged and many people have been buying all the way down from 4p meaning there is a lot of potential sellers in the wings (including your good self??).

I guess more confidence in the Zimbabwe adventure, together with a significant equity share there without it costing the earth, could provide a springboard. At least Ozaltin haven't got their greedy fingers in that pie (yet).

Good RNS. You know what I am about to say.

Shame we haven't got 50% of this news, not the 23.5% after giving away 26.5% so stupidly cheaply.

Tatra, Now there was a car. And a big one! I'm sure you know what I mean when I say that you cant get a Haynes manual of bits for that from Halfords!

You could just have dthe Skoda, they were surprisingly successful rally cars so tuning bits would probably have been available.

The Morris was a deliberate choice. I am interested in history and wanted a family car of the 30s which lower middle class families would have aspired to, rather than a sportscar or something like a Rover P2 which would have been the choice of accountants or doctors.

Well that's day 1 above 2p!

Well could be that splendid chap Van Van. But then again, having looked up my rules, it is 3p at the end of 3 consecutive business days. So cant declare the result just yet!

I agree with you about EVs DJ. if I could keep a little car just for local runs I might consider an EV, but not for distances. I am retired and I've done stress, I don't want it every time I set out to do a longer than normal drive, even if 9 times out of 10 that stress would be unwarrantied. Also I think a 10 year old EV is probably about as valuable as a nokia phone, technology moves too fast and I cant see them ever being classics. Always makes me laugh when I see a Tesla on the motorway. That nice Mr Musk sells his cars on being able to outdrag a Ferrari, but in truth I've never seen one being quickly. instead they tend to be driven by worried looking people with beads of perspiration on their brows. My own cars are a 1999 Lotus Elise, a 2005 Porsche Cayman and a 1938 Morris 12/4. In fairness the last one has been in bits for most of the 40 years I've owned it. Maybe I should get it converted to electric, that could surprise a few BMWs at the traffic lights by Sainsburys.

Got all excited then that 2p had indeed been reached, but the trade seems to be 42 shares for the princely sum of 84p. Very odd.

It's a basket case and a con from day 1. The sad thing is that I suspect even the most enthusiastic here know that deep down.

Seems a shame that not many participated in my 2p game. With Tavsan approaching and a frisky PoG I think it could possibly be relevant soon, unlike ADVFNs 3p sweep!

Sorry to see Burnley's woes are continuing Claret and LoB.

With the London IPOs effectively dead isn't it time for Ariana to negotiate for the remaining equity in Venus minerals and do something with it? This soap opera will just go on for years, all that has been achieved so far is no doubt large expenditure on advisors and lawyers on the never ending IPO application.

Hi Mr C. If I'm honest I think we had a lucky escape with that 'dodgy deal', look at the Ganfeng share price since the end of 2021 I think we might have been wiped out at Bacanora.

Search for: Ganfeng lithium's Concessions still in dispute

When there is a clear path to production, most noticeably financing without astronomic high interest debt (meaning that the company shareholders are likely to be wiped out because the company fails to service the debt, how many times has that happened with AIM) or eye watering equity dilution (how do you raise c.£300m when your MC is £30 even after this weeks rise) then I will fill my boots and buy. Provided Lithium price stops falling before there is no gross profit of course.

I will concede that money will probably be made here, unless advances in technology makes Lithium less attractive in other than the short term, but I am far from sure that the current crop of shareholders will be recipients.

Bit of scheming here maybe? Expects to divest? A veiled threat especially if Telfer and its plant is expected to be disposed disposed of? As long as work on the decline carries on unhindered I expect to see more about this.

Well exactly Stranger. The selling has been going on months/ years and would have crossed a declaration by now. The Starvest talk is a sideshow, I agree it probably wont help but its not the explanation. You could equally say that Starvest investors, who compared to their holdings in Greatland have few Ariana winging their way, may choose to top up their holdings with some buys.

1.62p/1.67p. I can't be the only one who wants out of this now?

And another damp squib

I suppose consumers have to get used to paying higher interest than they should because banks have to build in margins to protect for themselves from the costs of the next inevitable misselling scam dreamed up by ambulance chasing lawyers. When did we become America?

How is it green to ship million of tons of EU extracted spodumene halfway across the world to China for processing? Where they reputedly still burn coal. How stupid are the current proposals for tackling global warming?