Member Info for VanVan

I also asked this question re: dividends.

Question: Reference dividends, Kerim wasn't very clear on when he expected the Co. to adopt this "capital discipline". He said - " Once Tavsan is on stream and some other projects I've been talking about". What are these "other projects" and what does this mean more specifically for timescales?

A: We have been clear on this point for years: profitable production from Tavsan is key to unlocking the potential for future dividends. The other projects referred to relate to any one of our investments potentially. If any one of these is successful and yields a substantial capital return beyond our immediate requirements, we will look to pay dividends accordingly. In other words, dividends do not necessarily relate to those derived from production but could be deal- related too.

Thanks John

I wrote to the Co. about Salinbas Mine production back in December 2023 after the last Presentation to Investors at Mines & Money. This is my question and the reply I got.

My Question: The Zenit: Growing Production slide shows Salinbas in production in 2025. Is this still correct or is it the aim to sell this once the resource is JORC proven to a reasonable size?

A: 2026 is the year shown in the graph. We have not made any commitments to production at Salinbas - it is simply a projection of what might be possible. At present, we are only focused on drilling and expanding our understanding of the potential.

This a post I put on ADVFN yesterday, might be of interest.

My earlier post saying the Co. predicted 2025 for Salinbas starting was wrong. My mistake. The slide shows 2026!. Still seems optimistic to me based on past performance but let's hold them to it. What I want is the Gantt chart reintroduced showing all the projects with expected timescales so it is easy for existing and potential new shareholders to see. Let's keep the pressure on them to bring that back as well.

Finally I believe there was a updated WH Ireland Broker Note issued very recently, but this has yet to appear on the Web Site.

MY POST ON ADVFN

NEWSFLOW

Optimistically I was hoping for the following in 2024. Many of these are pretty meaty milestones and would appear to be currently totally discounted by the market/investors. Anyone care to correct me or confirm that my dates concur with your understanding. Note we were told there is a "massive backlog in assaying", so this may impact negatively on drill/resource/reserve timescales

1. TAVSAN JORC updated Resource before end of January 2024. "Assays from Tavsan are taking priority". But is this going to slip? Seems optimistic now.

2. Kiziltepe JORC updated Resource & Reserve leading to an extended Life of Mine at Kiziltepe January or February 2024. I see this as very important. The Co. said "early 2024". This will confirm the amount of Tavsan/Kiziltepe overlap. The market should like that. I will!

3. Salinbas updated JORC Resource to be updated once lastest assay results received hopefully in Q1. New Resource could therefore be late Q1 or early Q2.Optimistic?

4. Hizarliyayla drill results late Q1 2024. Ongoing exploration. Desperate to get a feel for how exciting this is. Is it Hot Maden Mark 11? Could it be monetised sooner rather than later?

4. Venus IPO - can we hope for H1-2024?

5. Dokwe - complete D.D. and then Feasibility Study late Q1 2024.

6. Tavsan commissioning late Q2. Hopefully we will get progress reports.

7. Tavsan enters production early Q3.

8. Tavsan Steady state production by year end

9. Not sure what we are expecting from Project Leopard, Asgard or WTR, but I guess we should get updates along the way.

10. Statement regarding cash being returned to shareholders - Q4

Sorry to reply so late John!

All delays are of course blamed on the infamous COVID pandemic!

But Tavsan originally was going to be in production pre COVID. But that's another story.

And what about mine number three - Salinbas/Ardale - due to be in production according to a recent slide by 2025.

Hope in hell for that happening.

As you say, what has accelerated since we started out on the dilution of assets and new strategy?

There was however a nice post by Ariana Resources on LinkedIn yesterday. They showed a nice picture of Tavsan and said I quote:- "Construction progressing well at Tavsan Mine Site, Turkey."

Hooray. Let's hope we are up and running by mid 2024.

What will that do for the share price?

Thanks Chester for your helpful feedback. I'm not in GGP bytheway!

Your comment :-"Add to that the values of any deals done for either GlyMabs or AvidiMab."

Am I right I'm thinking these are dragging and there is no clear understanding as to when value might be realised or indeed the reasons for the delays?

In the meantime I keep watching the informed posts on here. Thank you all.

I've been a shareholder for about 5 years and occasionally read some of the excellent and informed posters. It is a great help for those of us who struggle to understand the science and stay on top of what is going on.

My impression, rightly or wrongly, is that we have changed track slightly since I first invested, which I'm not sure why, but I'm sure the focus is the right one. I have great confidence in Prof Lindy Durrant, who I hold in the highest regard.

I am of the opinion that she does however need Corporate input and I believe this is an aspect we have been addressing.

I also see the potential for a multi bagger here, if the amazing results continue and are tested across much larger numbers. I have no idea how long that could take, but accept that it is unlikely to be overnight!.

I also don't see the future for significant gains in the hands of private shareholders. I am assuming this must come from "Pharmas" which as I understand, are never keen to take on too much risk. This tells me there is still quite a bit more to be done before they start rattling our cage.

Having said this, I understand 2024 could be an interesting year for news flow and as far as private shareholders go, could result in positive whilst limited share price gains.

I also believe that the Co. sees the need to up its game and I think I read could look to raise up to £60m this year to provide a step change in trial activity etc. Is that correct? How would such funds be raised? Would it be dilutive or would the overall impact of such a change in size more than compensate?

If one had to comment on risk here, how would that be articulated?

I've asked too many naive questions and will be very grateful if I get even a few answered.

Happy New Year and keep up the excellent posts. (Is it Chester, Marcus, Torquay Fan and no doubt many more who are the "experts" here, worth of taking note from. Much appreciated.

Tribal chiefs endorse mining lease...

hTTps://newsghana.com.gh/central-regional-house-of-chiefs-okays-ewoyaa-lithium-project/

Will there be an RNS to confirm on Monday?

And one to confirm the Assore/Piedmont share switch?

I'd go 10,000 from Kiziltepe and 5,000 for Tavsan in 2024. Guidance should confirm this in February. Can never understand why they issue Guidance so late.

Agree with all your points which I have expressed over the years. Water off a ducks back.

The chart does look a bit more encouraging and I wonder if news is leaking regarding progress on Fiscal Terms in Madagascar? Anyone got any thoughts. It seems quite soon after the election, but perhaps with that out of the way there is more energy to get things moving.

I note that last year we had Quarterly Activities Report issued on 24th January and then FY 23 half year results on 20th Feb.

So we might get an Update very soon.

When was Tavsan originally planned to come on stream? Years ago if you look back through earlier presentations.

Electric Cars - well ferries and containers like trains are starting to ask questions about their safety I believe. Insurance Co's are increasing premiums due to the fire risk.

The intense cold in some Northern hemisphere's has stopped them working and range is severely depleted due to cold.

This might all be gobblegok but these are things I've read.

Then there are problems with servicing them - insufficient technicians.

Their weight increase rubber pollution from tyres and causes more damage to roads.

Sales have stalled as those who want one have now bought one and the majority were trade deals.

The future is going to be hydrogen /fuel cells in my opinion, which has none of the problems associated with batteries - these are:- weight, space, range, recharging times, mining concerns, disposal concerns, servicing problems, safety issues.

Just expressing the other side of the story in case it helps the debate!

You might be interested to have a look at the ADVFN AAU thread.

Biggles who holds 60m Ariana Shares has been collecting shareholdings from posters. The total is already over 20% with many unheard of posters joining in. Perhaps some of you might like to add your holdings to the total.

They are also running a fun competition based on the end of year share price and the highest price in the year. Again lots of participants. More the merrier.

Happy New Year everyone.

I wonder if Zack van Coller's post on LinkedIn 2 days ago was reported on this thread? Sorry if this has already been reported.

He said and I quote..."2024 is going to be an exceptionally exciting year for Ariana!" Unfortunately he didn't elicit further.

I'm sure we would all love to hear more often from Zack. Bring back those great video's he did. Is he future Director material? Keyman planning?

Nice card from Ariana Resources.

Happy holidays to you and yours!

Wishing you a very happy and prosperous 2024.

From the Ariana Resources Team

Prosperous for many if Ariana deliver. Fingers crossed.

I’m going to discount Salinbas, Ardale, Hizzy, Venus IPO, Dokwe DD, Kosovo drilling etc and tell you why i believe the value of AAU will increase significantly in 2024.

1. The Resource at Tavsan will be increased and the LofM extended.

2. The Resource & Reserve at Kiziltepe will be increased at the Lof Mine extended. I expect we will have 2 mines running in tandem for 2 years or more.

3. Tavsan will start production Q2

4. A dividend stratgy will be announced

5. Global resource will double.

Any Starvest holders who receive GGP & AAU shares might have seen the

very exciting RNS yesterday morning from AAU. The already paid for second gold mine - Tavsan, is on schedule to start production in Q2 and this should mean dividends are in sight. Also drill results indicate an expended LofM.

The Co have separately also indicated that the existing Kiziltepe gold mine life will be extended. What a great time for Starvest shareholders to come by their AAU shares.

Happy Christmas John & other posters.

Don’t post here much these days, as it been pretty depressing but i really think 2024 is going to be different. I will be delighted if the regular dividend gets announced and Hizzy is proved to be a second Hot Maden. I expect that to be sold off alongside other assets which proved up, all resulting in special payouts to shareholders. You can see i have very rose tainted glasses. But one can hope at this time of good cheer. Good luck everyone. Have a great healthy Christmas. Thanks for all the valuable contributions.

BRR interview out

Kerim in the RNS

"We are currently working on revisions to our geological model based on the new data, which will ultimately contribute to a revised Mineral Resource Estimate. This in turn will be used to update production and development plans during Q1 2024, and we remain on track for first gold from Tavsan during Q2 2024."

Very exciting RNS this morning. Paid for Tavsan, the second gold mine, is on schedule to start production in Q2 and this should mean dividends are in sight. Also drill results indicate an expended LofM. What a great time for Starvest shareholders to come by their AAU shares.

Great presentation. Lots of detail.

Amazing, world class financials.

Fiscal Terms - must come soon.

I’m very excited about next year.