Member Info for VanVan

Hi John
I was also disappointed not to hear anything about our next mine at Tavsan and the supposed elephant in the room, the Hot Gold Corridor and in particular Salinbas. In fact these two key strategic projects have only had one update and that was part of a production RNS back in January. And then they only warranted a one sentence mention. The E.I.A. for Tavsan is overdue (Kerim said early this year it would be complete by end of March) and if the delayed mine is still going to commence end of 2021, then we should be informed about progress on many fronts. Land acquisitions, Forestry permits, Strategic Investment status, final costings and CAPEX costs for Feasibility study, drilling to extend Resource/Reserve & Life of Mine, Mine construction & infrastructure, Environmental, community & social impacts including the E.I.A., Permits etc. etc. Originally I believe Tavsan was going live back in 2019, so there has been plenty of delay already. It just keeps slipping with no proper explanation. As you may recall, they dropped using a Gantt chart in their presentations showing all the projects, as they kept missing deadlines and said these were often not under their control! The Gantt chart was no doubt becoming a bit of a pain in their side. Salinbas was also supposed to have environmental community and permitting activities through the winter of 2020/2021 as well , but again not a dickie bird. It seems since the new Joint Venture has come into play, communication has fallen away badly. There appears to be an air of complacency. How come BRR didn't ask any of these questions. Was their research sub standard or did the Co. ask them not to ask any such questions. The Finals with Annual Report & Accounts should be completed soon. I suggest we use the online AGM as an opportunity to legitimately ask questions on all these issues. Ariana appears to need to up its game. This is going to be particularly important if they hope shareholders will reinvest all or part of their special payout back into Ariana shares. Perhaps they are going to make a special effect to communicate the new strategy and project progress ahead of the payout. We shall see. Disappointing is the current word in my book.

New interview :

https://www.brrmedia.co.uk/broadcasts/60bf2b2d4babde60ce725441/ariana-resources-update-drill-results-cyprus-and-eastern-european-exploration/

First court hearing for Ariana is today:

"CC Judge Barber 10:30am Remotely via MS Teams Companies application CR-2021-000885 Ariana Resources PLC"

Wow what a strong start to webinar. Amazing. Can you find a better shareholder communicator.
Love this guy and love this Co.

Basel 111 comes in at the end of June for European banks, I believe . This appears pretty significant in many ways. As I understand the Banks will have their gold holdings audited prior to the implementation date. If they have shortfalls (heaven forbid) they will no doubt need to buy gold. The U.K. goes live 6 months later to give our Banks time to prepare, even though Basel 111 has already been delayed by quite some time. But it should be positive for Banks (if they hold physical gold) as the new rules will allow them to treat gold as a Tier one asset in their balance sheet. Currently gold is only valued at 50% of its value I believe which means the incentive to hold it is questionable. Now it’s Teir I, it will be treated as cash. Could this lead to them holding more?

hTTps://www.investing.com/analysis/basel-iii-could-be-golds-best-friend-200562335#:~:text=You%20see%20under%20Basel%20III,1%20ratio%20of%20physical%20gold.&text=The%20Royal%20Mint%20recorded%20an,over%2050%25%20in%20the%20UK.

I thought PALM look a good bet but I was put off by two things.
1. I listened to a presentation and wasn't impressed by Darren the CEO
2. Everything I believe is a long way out.

Ariana appears to me to have much more short term accretive potential. But maybe I'm wrong.

Drilling, exploration, geology work, we are second to none. Discovery costs per $ we are in the lowest quartile world wide. But Corporate stuff and communication seems sadly lacking. As I've said a few times now, we urgently need a new Non Executive Director or even a full time Director to take control of these aspects. It's a shame that we let ourselves down so badly. Just look at all this of value accretive news the Co. could and should have announced.
The RNS today was full of great news, but to do all that drilling in Vein 7 etc. would have needed permits. They must have been granted months ago, but were shareholders informed? I don't think so. Why haven't we seen an updated Panmure Gordon Analyst's Note setting out new Co. targets post the Joint Venture?

Why haven't we been updated regarding the E.I.A. for Tavsan which was due Q1? And that was circa 9 months overdue.
Why haven't we been updated regarding the Resource drilling at Tavsan which was to take place Spring 2021 and tagged onto the back of the Kiziltepe programme?
There should have been news on Tavsan Forestry permits and Land acquisitions in Q1. And confirmation that Strategic Status had been granted for Tavsan.
We should by now have seen the work on Tavsan final equipment costings and CAPEX costs for the Feasibility study and associated work on the environmental, community and social impacts including E.I.A.

And as to Salinbas we were told there would be environmental, community and permitting activities through the winter of 2020/21 ahead of a dedicated resource drill programme from Q2 - 2021. How is all that progressing?

Then surely there must be news from Cyprus and the Co's acquisition/ new J.V.plans in Eastern Europe.

And finally, the payout is an utter embarrassment. What a total ****-up. I3E & ORPH have today shown how quick capital reorganisation can be processed through the Courts. Our Chairman, in my opinion, has a lot of answering to do.

Can you imagine where the share price would be now it this kettle had been kept on the boil? Drip feeding out all this accretive news. Honestly I despair at times. Is it any wonder shareholders give us a wide berth?

Luckily we on here know what is going on, but for new investors, it is surely just too hard to find out. And if you do you have to trust the Co. We do but the Co. doesn't do enough imo to build trust with potential new investors. You have to really work at that.

Can they really have their heads so deep in the sand to not realise they are doing no one any favours by not managing this professionally.

But I see we are at a 38% premium. Presumably that is just based on out of date valuations?

On ADVFN they have mentioned someone called Paul Scott. Potential 234% upside in less than 12 months. Anyone know anything about this? TGI Friday could be sold for £100m+ ? If any of this is true it looks like 2021 could be a rewarding year for investors here.

Highly likely imo

Can kicked down the road a bit further. At least they have said something at last.

Posted by AAU on Twitter
https://t.co/i7rzP6CIA7

“Ariana pregnant with news flow “ Love it.
Let’s kick it off tomorrow !!

ScottishPower plans UK biggest green hydrogen plant in Glasgow. Https://www.thetimes.co.uk/article/scottishpower-plans-uks-biggest-green-hydrogen-plant-in-glasgow-8qjsscnl6 "The energy group has submitted a planning application for a 20 megawatt electrolyser next to the UK’s largest onshore wind farm at Whitelee. The electrolyser will use surplus renewable electricity from the wind farm as well as power from a proposed new 40 megawatt solar farm and a 50 megawatt battery storage project to split water into hydrogen and oxygen." "The electrolyser is to be supplied by ITM Power, in a boost for the Aim-listed hydrogen specialist, and will be operated by BOC."

IBLONDON: Could you say where you found this article? Has it had widespread exposure?

IBLONDON:- I haven't heard back from you, so hoping you don't object, I've decided to go ahead and post it on ADVFN.
Fingers crossed!
Thanks again.

Good find. Thanks. Shall I copy this over to ADVFN as I’m sure it will be well received there?

Posted this on Twitter this morning!
@ArianaResources Eagerly awaiting update on Tavsan (EIA etc) confirmed Special dividend Court dates & payout details, Salinbas progress, Cyprus drill results and strategic investment news. Bit of a back log guys!!??.

I used the email address on the website site to comment on emails not being acknowledged and it came back undelivered/domain name doesn’t exist!

Is there a Broker's Note here by any chance. Or does anyone have Tom Winnifrith's comments they could share? Thanks