Member Info for Tracylied

It's the only route that makes sense for Ariana. I can't see Kerim funding the next 5-10 years exploration and with their budget that is what it will take to get a resource or reserve that represents the real value. He can already see the market is not interested in production and regular profit. He can do a lot with £20m elsewhere. Salinbas is worth more to others than it is to Ariana.

If Ariana still own Salinbas by then it will be April or May they start drilling. There is always a lot to be getting on with in the winter. No doubt trading will remain microscopic through Christmas and New year. Ariana will recover value in due course. I suspect that we will see a major transaction at Salinbas sooner rather than later.

Just really small online buys possible again today. Poor liquidity is a real issue here. The market doesn't trust the strength of the buy side yet so won't let it run. They may have to if volume of small buys increases. Anything over £2000 sits unfilled.

Extremely difficult to buy anything online at the moment. Hl and iii are currently restricting online to just £1500 and 2000 value. Anything above is unquoted.

The NED is bound by the FCA to notify the company secretary within 48 hours of a transaction. The company secretary is bound to report all transactions to the market that qualify. Of course any inside position can physically buy and sell when they want but the timing is regulated and monitored. A transaction can't be reported before it happens and once reported it is open to scrutiny. Not every inside trade must be reported to the market but must be reported to the secretary who tests the reporting requirements. Just directors neds and former directors and neds plus associated persons have to go to the market. Oh and substantial holders.

Of course he is inside and any purchase made by an associated person is also inside. That's the reason it immediately followed news. Krim told us the news was coming in the recent interview but not the content. The info about funding was common knowledge . We can expect more news soon. The quarterly performance will be mid-late January. There will be some information soon from some work near Kiziltepe that holds potential for new resource that Ariana will convert to cash at 3 x cost of discovery.

Small purchase by an associated person. Inside is an uncomfortable place to be in my experience.

I couldn't comment on that. I have been doing this game since I turned 18; just over 30 years. Living in the sun now just investing for kicks. I have been involved here since 2008. Several huge positions over that time that have contributed to my current lifestyle. Public holiday today here today so relaxing next to the pool in winter sunshine. Good luck all holders.

There will definitely be income from the JV in the form of revenue beyond the repayments and income from exploration and discovery at Kiziltepe. My view has not changed all but extraordinary events will be funded from income/profit. Hopefully they can step up there exploration as in the last 4 years they have done virtually no drilling themselves. Hopefully that rig I saw delivered about 7 years ago has some life left. Production is a game changer for Ariana. The SP will take a while to work that out.

With more buying than selling the share price will rise assuming there is some liquidity. Maybe some posters should buy some.....

The current attributed value is crazy. I am thankful to have been able to add over a million at these levels but it's unsustainable in the mid term.

There you have it. Ample funds for 2018 Salinbas exploration and other from cash flow. Simple maths; very obvious but some here have been struggling to grasp the model of self funding. Very good gold in soil results. This is just the kind of carrot that will attract a sale at a great price or bring in a JV partner on strong terms. It's going to be interesting to see where the host is for the high soil values. It will make the extreme environment worth pursuit for a major local player looking to increase their foot print. I think £20m minimum is a good tag.

SP going down the toilet.... hardy. The market ebbs and flows. It's simply finding a level to attract buyers and sellers. The company don't need to do anything different. Really amazes me how people wet there pants at market movement. Buys and sells are quite matched with sells largely on the secondary market. Certainly the share price rising would have just attracted buyers. Liquidity is a real issue hence the drop to release from the weak.

I suspect some were premature and are now suffering penny share regret for shooting to soon. Always keep your powder dry and have plenty of it.

It's good value if you are buying now. I see absolutely no evidence of any selling from the placing. Any selling has been very small scale. Liquidity is an issue with very small volume on both sides. I see little reason for excitement and I suspect that is the issue. The next few years are well mapped. Soon though I suspect a game changer will become a reality.

Great buying opportunity at 1.2p. Makes the recent placing look good value now. I guess the bleaters and moaners won't be excited by the opportunity. However you have to view the whole journey for shares like this. Nothing wrong with the business, nothing wrong with the assets and nothing wrong with the direction of the management. The only thing missing is confidence that the share price will rise. There are shares that offer much in 5 years that attract value today. Offering much today doesn't always mean that value is attached. The share price should be double the current but until it starts to rise and some liquidity is seen there will be little buying in volume. I am happy to take this price and to wait for other opportunities.

The mining will only be in daylight but there is plenty of capacity within the mining and stockpiling for seasonal variations in daylight and weather.

Is the mill working 24/7. A rather stupid question. The mill will only ever be down for scheduled maintenance and breakdown. Look at the availability. Certainly the highest I have seen and a credit to a very well run operation. Running equipment at capacity and beyond will always trigger more down time for equipment and will definitely impact the recovery. A balance of volume and grade produces the best results. Costs are super low for this type of operation. The project is run totally by the JV company. I will provide the funds for Ariana to do their day job which is to discover and develop gold. Salinbas is remaining predictably small scale. A couple of thousand meters of drilling is very small scale. This project is being packaged for sale without spending too much. Yes with targets identified but unproven they will get less no doubt but it's still much more than the current valuation.

Nobody knows for certain what will happen including Kerim. One day follows another and the prime objective is to stay in business. Sometimes bitter pills have to be swallowed along the way. Mainly it's down to timing. I can remember a very similar company where they took a half million � at 8p a share. One year later they took 2 million � @2p a share. They were berated on this and other boards for both. The first people expected the share price to rise further and ripped him to piece on these boards. One year on they were ripping him for not taking more a year earlier. I don't care much about dilution as long as the cash furthers the quest for a valuable asset. Funding is a fact of life and now Ariana are for the first time in a position to offset or eliminate external funding. I would only be unhappy if they couldn't get funding and the business collapsed.

He won't say so because he can't say so. Any loan would be to the partnership and at the time may not be accessible. Lots can happen and if it then doesn't it's not just a few posters on forums like this that will say that they were misled. He will say all options are open at the moment and he will gladly reply to that in an email. In these circumstances there are many options and why would anyone commit to something that they may not be able to deliver.