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You clearly don’t understand how many options are available in financing when you have an off take in place.
This mine will be built on money from external sources, not shareholders.
Good luck with the de-ramping, you’re too late.
ProphetWarning
Nice try, thing is the company doesn't need financing, and I know why.
Thing is the market doesn't think the company can do anything, the market is seriously wrong, the company holds the bullets, and I think it's about to fire them. Don't forget the company has cash and a major deal will bring in more warrant money. Fixed costs getting covered.
Moly, major off take, this allows for financing of the non dilutive type.
Pilot Mountain, becoming more and critical for American supply, JV, including some cash (company fixed costs funded, plus earn in on site expenditure).
Kapunda, could be anything, but the numbers are exciting and an extremely low cost entry point.
This company could blow the market apart, very very easily, and I think it will.
Why, because it's so well positioned and every move from here just makes sense.
I understand some of the frustrations, but seriously? The share price is under pressure mainly due to a lack of market understanding by the BOD�s before the last placing and AAU are viewed as an easy target for anyone holding a short position to be filled easily by a placing through a friendly broker, they ain�t going to make the same mistake twice! The underlying business is in fantastic shape, with any amount of upside, it�s totally underpinned market capitalisation should be viewed as a gift, not a reason to attack now!! I seriously believe the next 6-8 months are going to be memorable, enjoy the ride.
Ruben, the company didn't need that much, it's been used to accelerate projects, personally I would like a slower pace built from real cash flow. They have risked a huge amount of goodwill, here's hoping they are able to return it by the bucket load of cash, I think they will.
They have raised just short of £20m. I would put a break up value of the business a lot higher, so in my opinion the BoD's have added value. However, the company has shown a disregard for investors and continues to support bucket shop supported financing, the BoD's needs rapidly to become more market aware, probably needs a new appointment, as I support the business but couldn't honestly say I'm impressed with what they continue to do in terms of market support for investors.
A strong argument could be made to reorganise the loan repayments once commercial production against operating costs is confirmed by the JV company. Ariana's shareholders have taken the pain in supporting the BoD's decision to fund the repayment schedule, proving up the model, almost certainly confirmed, then the priority should be working to free up cash flow. I see no reason to pay off the debt in record time if this means investors have to face further dilution while owning a very profitable mine. All looking very exciting, but more detail needed on a corporate level now.
The business is now underwritten at around this mark, I'm reasonably confident 1.3p, bar the odd percent here and their, will be the bottom, basic maths with Gold at this level and Silver seeming to make it's move north, tells me this. So I believe the downside is covered, excellent, a perfect starting point. What's the drivers going forward then? Production around 25koz would produce around $32m T/O, controlled costs, will see spare cash from the JV into the business account of Ariana as the loan repayments are also paid off. So any increase in production will have a massive impact on Ariana, so will any rise in Gold and Silver. 1 and 2, increase in production, increase in Gold and Silver. SP will increase. Ariana to make use of the assets in Asgard. IPO or into a different business model. Increase in SP. (No3) Salinbas, amazing piece of business, good sample reports. Incease in SP. (No4). Tavsan, move to production. Increase in SP. (No5). Unknowns, but Kerim and his team must have a fantastic network in Turkey to exploit. Incease in SP. (No6). 6 opportunities that will have variable, but substantial, impacts on the SP, and I think every single one will be met, so I continue to hold, and will add at these levels. DYO.