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The show is at: https://www.mineprophets.com
The event is on Saturday and Ariana are involved.

The Tom Winnifrith interview with Kerim Sener on S/H is well worth watching. Might cost you 99p to register for it but worth it.
I see silver is over $19 & rising!

Could you tell us a bit more about this interview tallyfox please. Sounds like it covered some interesting ground. Give him his due, Tom is more searching and more on the button than most. It’s a shame it’s not available for general release.

Hi S.I. John - I think originally we were hoping for end 2021 to start production (perhaps mine commissioning) but with Covid slippage, that now looks like 2022. But as always much will depend on how quickly the EIA and Permits are granted. That's an unknown of course. They have taken longer than expected in the past.
But with the clout of Ozaltin if the Deal goes through, I not really expecting delays. For now we are expecting a similar Bank Loan to the one taken out for Kilziltepe of perhaps $25m. But if the deal goes through, will Ozaltin finance it? No one has suggested that so far, but it must be a possibility. Once we get the EIA and see the Feasibility Study, ideally during Q3 - 2021, I think the market will start to factor in something for an additional 30,000 ozs p.a. plus.

Posted this on ADVFN this morning. Seemed to go down well.
In case this helps, these words are from my Notes of the meeting with the Co. the day the MoU was announced.
I wanted to know - Was Kerim OK with losing control of his baby after 14 years of slog & hardship?
Why would Ariana monetise Salinbas now before further drilling and completing the PFS to confirm the representative value?

The answer to 1. is Yes he is very happy as it has accelerated the monetisation of the assets, allowing directors and long standing shareholders to be rewarded, in the short term, for their considerable patience and support. It will also allow Kerim & his team to focus more on the work they love. Not only geology, exploration and discovery, but also accretive acquisition/investment opportunities (e.g. Lithium success in Australia & now an investment in Cyprus imminent).

The answer to 2. is I think they realised to get Salinbas/Ardale through EIA/PFS, Forestry permits etc. was going to cost a great deal (c. £3m) and could take them 10 years to get into production and even then still only focused on just the northern end of the Hot Gold Corridor. The new partner, which is involved in heavy construction (highways, dams etc.) wants to diversify into gold mining and apparently got interested in us via interest shown in the southern end of the Hot Gold Corridor at Hizarlyayla (8km north of Hot Maden). We weren’t told more but Kerim indicated that Hizarlyayla could be more prospective than Salinbas. It’s just they haven’t had the money or resource to exploit it. Then of course there is Derinkoy before Salinbas & Ardale.

Going this route means the new conglomerate can proceed “hard” (their word) with access to the necessary capital/finance to exploit all the opportunities. A dream come true for Kerim & Jack etc. So you can see why they like it and didn’t want to delay.

But it doesn’t stop there as there is of course lots to explore and develop at Tavsan & Kiziltepe etc (Red Rabbit), all of which can now be fast tracked. Obviously there will be logistics like employing more of the right people idc etc.

It’s progress north seems to be accelerating.
Margins just keep getting wider.

Just one point John - Ozaltin isn't a listed Co.
Significant news is probably likely before Salinbas imo.
Firstly look at all the references to the Underground work at Arzu South and join the dots.
Secondly look at all the references to to the Cyprus potential.
Thirdly a second mine at Tavsan in around 18 months taking us from circa 20,000 ozs p.a. to 50,000 oz p.a, isn't an insignificant uplift in my book.
And latest, how will Kerim use his potential new war chest? Value creation for sure.
With gold getting close to $1800 plus the silver credit, our margins are looking very sexy.
Preliminaries probably next week followed by Annual Results all no doubt highlighting the value disconnect.

Might be worth having a look at Gold/silver producer Ariana Resources (AAU) . The story is strong and getting stronger imo.

It’s a great post and so true it’s painful to read. But here isn’t the likelihood of a generous special payout, perhaps as much as $5m by November, plus the monetisation of assets ahead of time, jam today?
And with a war chest in cash on our balance sheet, doesn’t that unlock our potential to exploit assets such as Salinbas, Cyprus and even Red Rabbit (Tavsan, Underground potential, second Ball Mill perhaps) faster making the jam tomorrow come sooner?

By far the best interview of the three we’ve had. Thanks jupiter

Ariana announces the name of its new heavy weight partner which should be ratified by end of August. Injecting lots of cash and helping to accurate progress.

Thanks risa5 on ADVFN for this link.
https://www.youtube.com/watch?v=3c1RIquPjsM

https://www.brrmedia.co.uk/broadcasts/5efdc6d2bfe2165ce7521be5/ariana-resources-commitment-by-zaltin-holding

I think we have got to wait for the Co. to issue the final details and achieve shareholder ratification before the share price truly reflects this transformational milestone. Don't forget they have got to get Ministerial approval as well although with Özaltin on board I expect that is a formality.
End of August with the cash on our balance sheet and dates set for the hoped for special dividend and I think we will see a very different share price to that of today. Just my thoughts.

Sorry John there is a glaring mistake in my reply! Tavsan should get underway early 2022 not 2020 which has already gone. Age you know John or stupid iPhone buttons!!

Come on John it's not that bad.
Tavsan should start production early 2020 and that means lots on news flow (important value accretive milestones) along the way.
Salinbas: I'm expecting a dedicated Resource drill programme later this year pre winter.
Salinbas E.I.A. study & Scoping Study is of course already underway and will no doubt now be accelerated.
Cyprus: drilling programme late 2020
Kiziltepe: Exploration & Development drilling around Arzu South (U/G deep extensions?) leading to the potential for a new U/G mine. Not much more drilling to complete there so news might be soon.
Then once Kerim gets his cash who knows what opportunities he might uncover.
Isn't there anything there that gets the old ticker going?
Surely the nice special payout followed by regular dividends all being well.
Cheers

Exciting times ahead.

If your were invested in EMED when Harry was at the helm this seems very similar and predictable. I would say exercise great caution and question thoroughly anything that is said. Don't take anything for granted or at face value. DYOR.

At the end of March the Update came at 7o'clock the following day on 1st April. After all the extension is till the end of 30th June, so that is ok in my book. I guess we should expect an RNS in the morning.

Forgive me, but I've been trying to think how Kerim might be seeing matters and why he might be relaxed time wise regarding our new prospective partner.
Let's say he expects gold to rise in value to c. $4000 per oz over the next few years. I certainly do. During that timescale he will increase production from the existing J.V.with the second mine at Tavsan coming on line in 2022 from 20,000 ozs p.a. to circa 50,000 ozs p.a. Could even be a bit more than that perhaps. That means 25,000 ozs for us. Let's take off say $700 per oz AISC (on the high side) and we have a profit of circa £2600 per oz ($4000-$700=$3300 coverts to £2671).
Multiple that by 25,000 and you have a bottom line profit of £65m. Divide that by the number of shares in issue, namely 1060m and you have EPS of 6p. You decide what multiple the valuation should be on, but Kerim has 19.56m shares so that's a fair wad. And that's before he develops the highly prospective Hot Gold Corridor which could easily double that wealth or more over the next decade. Then there is unknown Cyprus. Everyone is getting very bullish on copper with the electric revolution. As such at 44 years old I can see that he has time on his side and a very nice future mapped out. Basically he can afford to take his time to align outcomes with a positive re-rating of gold, silver & copper. I know Michael is 57, but perhaps he will be happy with nice dividend payouts.
I must admit Kerim is sitting in a very nice position. He has a brilliant future with the existing set up, but if he chooses to bring in the new partner and accelerate everything, he knows the timing of production in the Hot Gold Corridor will be aligned with high gold prices probably giving him more wealth and a great deal of credibility and status to go with it. Remember the RNS words. "J.V. capable of unlocking the full value of our assets in Turkey" - "become one of the premier gold mining companies operating in Turkey". At my age I hope he goes for the deal, but as we've all said we are in a win win situation here. Good luck