Member Info for VanVan

https://www.brrmedia.co.uk/broadcasts/5e734c34f930d97ffc7b9a96/ariana-resources-2020-production-guidance

I don't think Ariana is likely to consider hedging, especially as they are one of the lowest cost producers globally. Gold would have to fall a long way for the mine not to be economic. So hedging doesn't make sense. But I also consider we are in the perfect environment for higher gold prices. Short term in situations like this there is always pressure on the price of solid tangible assets like gold as margins deals are covered. There is still no doubt paper selling to try and contain the gold price to protect the US$. But margin calls will end and the pressure to contain the price also seems within sight. I believe stocks of gold & silver for purchase are already very low with some reports of being sold out with prices higher than spot.
As to the deal, I don't think you are completely on your own John. Most probably accept that we can do very well with or without the deal. However there is a lot to be said for having cash in these types of situations, especially as other value opportunities may present themselves. Kerim has shown in the past how astute he has been with purchases and with current bombed out prices I suspect we will see generally a lot more M & A in coming months. I do worry that our new partner may say well at these prices let's buy the lot. Given the disparate shareholder base the price would however have to be pretty enticing. Good luck and staff healthy.

I had a chat with Michael yesterday and he confirmed they were looking forward to announcing their Preliminaries next month which as we know will have benefited from higher gold prices. There is no news on the Due Diligence as yet, but everything, as far as he knows, ticks on as expected. That is reassuring. I think we can safely say that the new party, like all of us, is keen to obtain exposure to gold in these uncertain times. He didn't say this, but it is probably reasonable to assume that the Virus may be impacting on Consultants & Legal experts involved in bringing the package together and perhaps that is why we haven't had any more details on progress. As Biggles reported recently, he also mentioned to me that he had been invited to present to Brokers in London, bringing them up to speed with our developing story. The mine workers are mostly local so operations continue pretty well as expected.

Again a post by Biggles on ADVFN re Broker interest:- Think they are preparing for the deal, many brokers try and get in as soon after the deal is struck rather than before. That‘s the different between P.I’s and brokers. Brokers deal in certainties P.I’s don?t.

One thing MDV did say was he?s getting a lot of positive enquiries from brokers wanting to know more about the Ariana story. Once this story gets well and truely out I see this doubling from here just based on fundamentals.

My post on ADVFN.
The list of value accretive news is really building up. (March/April)
1. Kiziltepe resource update
2. Kiziltepe life of mine extension
3. Confirmation that Capex loan is repaid.
4. Conclusion of Due Diligence and release of full contract for shareholder approval
5. Q1 Preliminaries
6. Tavsan pre-production progress
7. Commencement of 2020 drilling program at Salinbas.
Any more?
If we get a Resource update and the life of mine is extended before the end of March I just wonder how this effects the Deal. Originally the Deal would have been concluded at the end of February. It will be interesting to see if any these advancements get reflected in the final outcome. Perhaps they were somehow factored in. Perhaps the Virus also has an impact. Maybe the large Turkish conglomerate is negatively effected. So many unknowns. But not long for news.

In the Preliminaries on 16th January it said:- "We are pleased with the strong start to the year and expect to publish our 2020 production guidance during Q1 2020, once the latest resource estimation for Kiziltepe has been completed."

So does this mean the latest Kiziltepe resource estimation will be issued first or perhaps at the same time?

Spoke to MDV talked about demographics of the workforce which are locals who don’t do much travelling and very much isolated so it’s hoped that the mine will continue but various contingency plans have been discussed which you would expect by a professional board . My view is that a huge company who wants to get into a profitable debt free mine producing a safe haven asset (gold) in times of difficulty would not be put off by a short term hiccup and after my conversation I still think the same although specifics obviously weren’t discussed .

How does a Director buy so close to news?

https://www.youtube.com/watch?v=8Lm8ujv_YpQ
Bill Murphy, co-founder of the Gold Anti-Trust Action Committee. 15 mins

https://www.youtube.com/watch?v=8Lm8ujv_YpQ
Bill Murphy, co-founder of the Gold Anti-Trust Action Committee. 15 mins

https://www.youtube.com/watch?v=8Lm8ujv_YpQ
Bill Murphy, co-founder of the Gold Anti-Trust Action Committee. 15 mins

https://www.youtube.com/watch?v=8Lm8ujv_YpQ
Bill Murphy, co-founder of the Gold Anti-Trust Action Committee. 15 mins

26 Feb '20
Which Countries are the Least and Most Risky for Miners? Check out our new Mining Risk Heat Map which ranks each country in the world from least to most risky.
sprott.com/investor-relat?
Turkey low risk.

A recent report out put Turkey on the same risk level as the UK . Why are so many Brits happy to go there on holiday? It is Africa where the worse risks are.

The share price was north of 35p two years ago and we have progressed quite a bit since then and gold is a lot dearer, so is it any wonder Dan sees value here? Seems like a no brainer to me. Wish I had more available to invest.

Well March next week. Going to be a very important month in the history of Ariana one way or another. The environment has certainly changed somewhat this week, but as with most things in life they are usually over stated and normality is quickly restored. I suspect March is going to be the most impactful month ever in the life of our Co. and I for one can’t wait to see how it all plays out. I’m sure most of us have great respect and confidence in Kerim to do the right thing. Have a good weekend.

Which Countries are the Least and Most Risky for Miners? Check out our new Mining Risk Heat Map which ranks each country in the world from least to most risky.
sprott.com/investor-relat?
Turkey low risk.

Our CEO, Dan Betts, sat down with #ResourceGlobalNetwork at this year’s @MiningIndaba to discuss 2019’s operational performance, #SMO gold and #HUM’s work with local communities – read the interview here on p.112 bit.ly/3c9KFae #gold #Yanfolila #Mali #Liberia

And don't forget all that silver we are producing. The silver price is also on a run. And with debt repaid in April our free cash flow will be very much improved all round. Time to ask for a better deal perhaps?