Vision & Strategy Updated21 Feb 2021 15:43
I've added a No. 4 to the strategy.
KEY EXTRACTS FROM THE RECENT PROACTIVE ARTICLE - 18th February 2021
VISION:
“Develop the company strategy to target a further ten-fold multiplication in market capitalisation within the next decade”
That means going from £50m to £500m
Kerim:- “I now see no obstacles to achieving our next target by 2030 and I encourage our shareholders to support this vision.”
STRATEGY:
Kerim draws attention to the “war chest” of the company of over £25mln, which he is planning to utilise in part to reward long-term shareholders with a substantial special dividend, with the remaining funds earmarked to develop the company strategy to target a further ten-fold multiplication in market capitalisation within the next decade.
Plans include:
Increasing gold production at Red Rabbit to 50,000 ozs p.a, as the joint venture expands it resource base and production capacity.
2. Tavsan mine to begin producing, with a feasibility study and its associated Environmental Impact Assessment (EIA) to conclude in 2021.
3. To be followed in a few years by the Salinbas project.
4. Developing interests in other jurisdictions and working up a strategy which will leverage the expertise and credibility of the Ariana team, built over many years, to advance new project opportunities.
Kerim says “focused on turning the possible into reality”.