Member Info for VanVan

Sounds good John. Biggles, on ADVFN, who already has a noticeable holding (over 3%) apparently bought another 500,000 this afternoon! Share Price didn't seem impressed!

Still predicting 50p I believe but end of month? Fundamentals (news) perhaps to support that.

I'm well thanks John.
How did you miss this RNS on 14th December? Circular to Shareholders. Inviting you to vote.
PUBLICATION OF CIRCULAR AND GENERAL UPDATE

Ariana Resources plc ("Ariana" or "the Company"), the AIM-listed exploration and development company operating in Europe, is pleased to announce the publication of its circular to shareholders (the "Circular") concerning the agreements (the "Transaction") reached with Özaltin Insaat, Ticaret and Sanayi A.S. ("Özaltin") and with Proccea Construction Co. ("Proccea").

Highlights:

· Circular published on the Ariana Resources website, under Circulars (accessible via: https://bit.ly/2LqTaVM) and which has been posted to shareholders today.

· General Meeting to approve the Transaction to be convened on 30 December 2020.

· Pre-payments under the terms of the agreements totalling US$2.75 million have been made to Ariana and Proccea, of which Ariana has received US$1.5 million.

· New drilling campaign of approximately 5,000m at Kiziltepe to commence by early 2021, to continue testing vein extensions at Arzu South, Arzu North, Banu and Derya.

Also note Pre payment made by Ozaltin in good faith, which surely confirms the deal terms are settled. Shareholders voted on that agreed deal . I agree the currently delay is getting frustrating. Not sure why we are still waiting the receive the balance.
But nothing every seems to happen in life as fast as you expect it! Unless your having a car crash perhaps! Good luck to us all.

From RNS 7th December. Hope this helps.
It is the intention of the Board to distribute a special dividend amounting to approximately 50% of net proceeds, after costs and taxation, to shareholders, once a capital reorganisation is completed, Court approval is obtained and a General Meeting (separate to the general meeting to approve the Transaction), can be convened; the dividend distribution will also be dependent on the payment of an intercompany dividend from Turkey.

The comments I made regarding the sanctity of the the deal terms are straight from Kerim. He is and always has been whiter than white in his business dealings. He would be offended if you suggested otherwise or indeed if you suggested the relationship with Ozaltin can't in some way be trusted. The Board is 50% English. Kerim is Turkish and Michael hails from South Africa, but Chris & William are English. I'm of the view that we need an additional Director (N.E.D or Business Development role). There is no reason to consider our interests will be trampled on. Everyone, including Proccea, have their interests protected. If you thought otherwise, would you want to remain invested? As you say the success of Ariana won't just come down to the J.V. Hopefully we are going to see other avenues open up. But as I say, we all voted for the Deal. Did you abstain?
Getting the last bit of nitty gritty done relating to the finalised Deal, seems to be very frustrating. I can't believe it will be much longer.

Oh and John, we all had a chance to vote on the deal any the recent General Meeting and shareholders backed it 100%. So what is the point raising that point now? Time to move on and be excited about our future especially if Silver and Gold are also about to turn the corner.

Oh dear John. All this negativity isn't good for your well being!!
But reference the deal, it was suppose to conclude Q1 - 2020 before Covid scuppered that. But the deal terms were agreed and it would be both unprofessional and indeed unethical to change after the event. Unless of course either party decides to withdraw completely. The gold price could go either way. You take the rough with the smooth. The price moved up, but conversely we have had at least 9/10 months trading in the 50/50 partnership earning a greater percentage of the profits that no doubt Ozaltin expected to be receiving by now.
Both parties are ethical and held in high regard. Kerim wouldn't have been attracted to do a deal with Ozaltin unless he knew they operated totally above board with honesty and decency. So 100% no, it would not be right to change the terms of the deal by either party.
Regarding communication, I think it is probably fair to say that the Board is limited in what they can say until the deal is finalised. The Co. will be under seriously heavy market regulatory and compliance scrutiny. Having said that I see no reason for them to take advantage of this amazing silver story which is making mainstream media news. We need to help people understand we are a significant silver producer (nearly 1 m ozs since the mine started any Kiziltepe) and that we have a 16m oz Silver JORC resource at Salinbas with some very sexy grades and 4m ozs at Red Rabbit. No doubt the 2021 exploration programme will add to this. Salinbas is of course just one of 4 main prospects we have in the Hot Gold Corridor. So in my book, don't worry about the current share price. It is irrelevant to what it will be in the not too distant future. Very shortly we will receive $37m in cash and pay out circa 50% of this to shareholders after tax and costs. There is also a lot to look forward too from Cyprus. Hopefully Ozaltin will want/demand a quick return on their investment and we will see an acceleration of action across the all the prospects. Let's hope they soon confirm timing for our second mine at Tavsan and don't forget the doubling of production at Kiziltepe. This is not a time to be negative. We've been through the hard bit, albeit up 100% last year, but now the real action starts. Stand by your beds.

AAU - not yet recognised for its silver production. But now with Silver in the limelight that could change:- “As at end 2020 the mine had produced a total of 84,200 ounces of gold and 915,233 ounces of silver, recording US$134 million in revenue since operations commenced in early 2017”. This is of course a 50/50 JV with Proccea. All debt repaid apart from a small working capital facility, which will be repaid by Q3. But see details of new bigger JV and plans to accelerate potentially 2 more mines at Tavsan & Salinbas. Tavsan perhaps only 12 months from production and Salinbas fully funded to DFS stage . AAU to receive $37m in cash , 50% of which after taxes & costs will be returned to shareholders by way of special payout. Also developing copper interests in Cyprus via Venus.

This was on ADVFN - “tipped by Hot Stock Rockets”. Is that correct?

I’m think the same. A massive change in direction. But the links with H2Green and SNG plus new chairman are steps in the right direction. I’m expecting there is a lot more to learn yet about what is going on here, but the vision seems great we just need meat on the execution bone now. Too much is currently in the land of wishful thinking.

Any know what he is saying?
Article out today apparently

https://www.proactiveinvestors.co.uk/companies/news/939855/afc-energy-reveal-new-zero-emission-power-generator-for-extreme-e-electric-suv-racing-series-939855.html

Skin in the game st last for Leon. Aligned interests with shareholders. Best signal that this is a buy. He’s waited a long time and chosen now. What does that tell you. Follow the leader’s example.

How will the hubs be financed?

Trading update on Friday? If they sell off the coal interests is this likely to lead to a special payout?

Am I right in thinking their is a Scancell webinar on Thursday CD4 + TCell responses?

My post on ADVFN - sorry feeling a bit frustrated.
I'm not sure why the Co. has got itself into this ridiculous state of negative sentiment. Or why its paid professionals like Yellow Jersey & Panmure Gordon have not stepped up to the mark to provide much needed support. On the contrary to being in a news vacuum and downbeat, the Co. have a story unfolding which should be making them super confident and super bullish. Yet as dixi says it appears to shareholders that there is complacency creeping in. I'm with Biggles in feeling we won't have to wait long now for much greater clarification on the new Ariana(the beginning of a new era) and I'm excited about what can and I am sure will happen, but I totally agree and understand why shareholders are ****ed off and in disbelieve at the current valuation. I certainly am. With £28m due very, very soon and goodness knows how much cash already in our bank account, plus stockpiles of gold worth who knows how much plus sizeable JORC resources and exploration targets, goodness knows how much future profit streams, investments in equities etc etc against a Market Cap of £50m. What the hell is going on here? If I was the CEO I would have the value disconnect as my No.1 issue to address. I would be so annoyed that the market wasn't recognising my Co's true value. I'd be jumping up and down with frustration. How can the likes of Greatland Gold have a Market Cap. of £1086m?

Hi Ash
Can I copy your post across to ADVFN. Think it is an interesting observation.

Best to goggle it for a more accurate explanation.

Courtesy of Charles Clore
10 year cup and handle chart hTTps://www.tradingview.com/x/Tt99JFyc/