Member Info for VanVan

Thanks for your kind words and for the great link to the Sandstorm presentation. Nice to see Hot Maden is developing nicely with news flow, even later this year, which I think could heighten the interest in our assets in the Hot Gold Corridor.

Perhaps you read this post from me on ADVFN>
Notwithstanding my preference to keep Red Rabbit as is, these four sets of objectives/commitments from the MoU RNS, would on balance probably still have me voting for it.

1.(Formidable, exploration, development and production group) - "In particular, the contemplated joint partnership between Ariana, Proccea and the new partner, will create a formidable exploration, development and production group focused on Turkey. This will combine the unique skill-sets of each Partner in a mutually beneficial and synergistic manner. We look forward to advancing the proposed MoU in to a joint venture capable of unlocking the full value of our assets in Turkey, which will also target the development of a future pipeline of high-value production projects. It is the goal of the Partners to become one of the premier gold mining companies operating in Turkey.”

2.(Salinbas brought into production) - "The Proposed Partner will then inject US$8 million of equity into the Salinbas Project via an earn-in arrangement and organise the bank finance to enable this project to be brought into production".

3. (Special dividend) - "The Board to consider distributing part of this sum as a special dividend to shareholders…"

4. (Facilitating) "Acquisition of new exploration and development projects…."

No brainer perhaps or could the terms be improved a tad?

Well, unless there is a good reason to bring them into Red Rabbit to smooth through permits, which are perhaps getting more difficult due to environmentalists say, or they foresee the potential as being much bigger than a 30,000 oz per annum mine by 2022, then on the face of it I have some sympathy with that view. But it might be to get them into the Hot Gold Corridor where the elephant is still in the room, they are demanding the R.R. sweetener.
I like the idea of the acceleration and the tasty dividend. The short term view over the longer term view. But waiting to see what transpires when the nitty gritty is released.

Nice post John. You certainly won’t /haven’t offended me. Looking forward to the flow of news in February. Should be more than entertaining.

Looking good

Bowl forming on the chart perhaps?

It says it's going to be set later this month, not that it will be communicated later this month. Perhaps ambiguous but I don't think we should hold them to precisely end of January. A few extra days is neither here nor there in my opinion. Remember we aren't doing the work. It's easy for us to be be critics but as long as they deliver that's all that matters.

I understood DD by the Conglomerate would be completed by the end of January. Then the formal Agreement is drawn up and agreed and then put to shareholders ahead of a General Meeting to ratify it at the end of February or perhaps early March at the latest. It will be interesting to see if they feel it appropriate to issue an RNS confirming a positive outcome to the D.D.That would be nice as it represents a thorough independent assessment of our Company.

Year end tax bill perhaps

Someone sold over 9m shares today. We did well to drop just 1% in the circumstances.
Lots of debate on ADVFN about the potential Agreement. Lots of mixed views but I believe generally the realisation is dawning about the understated value here. Good luck. Not long to wait for concrete news.

Bit of consolidation/retrace in the share price is a good thing. Establishing a firmer base. No news this late into the D.D. process suggests all has gone well and that should be concluded by the end of January of course. A massive independent endorsement of our Company. The Agreement will have to be put to Shareholders ahead of the General Meeting end of Feb/early March, so that can’t be far off. That should provide details of the special dividend that will be paid hopefully before the end of the tax year on April 5th. There’s other news due as well like the Quarterlies mid February, production guidance, possible update on Tavsan EIA process/permits etc,. Resource & mine plan info for Red Rabbit and perhaps even the D.D. drill results from Salinbas. We could also get news at any time on Kepez, Kizilcukur and Cyprus. Those who sold this week have helped those who want to get on board or those who want to increase their stake. With so much news flow potential it’s naive imo, not to think the SP wont harden over the rest of this Quarter and into the next. Gold & silver may well continue to harden as well after the Chinese New Year. Good luck all holders and buyers.

I agree ASH. Tavsan had an amazing IRR of over 80% prior to this stunning announcement this morning. I would prefer to keep Red Rabbit as it is in the current 50/50 JV with Proccea and restrict the new tri-party JV to the Hot Gold Corridor. They will have some convincing to do now that we should sign away so much of Red Rabbit in my opinion. Good luck everyone. What ever happens we are in the money and I suspect a lot more to come. Probably just at the foothills.

The maths looks ok to me. Is it the mix up over the decimal point. Work it out using 30,000 shares @ 2.7p to produce £112 or 30,000 shares @ 2.7p to produce £150.

Possible dividend pay-out out the J.V. deal being discussed over on ADVFN:
On 30,000 shares the dividend would be around £112 gross. That's based on 0.037p per share
A 0.05p the dividend is c. 18% yield at 2.8p S.P.
Worth sticking some pension funds in this one for the foreseeable future

I suppose cash flow from Wressel around June is far too long for most private shareholders to wait. David is very excited about going into the black, as he terms it, especially as few exploration Co's achieve that, but he thinks, understandably, that investors will see that as a de-risking, value creating point. But no they want it now and given the wait, think there must be greener grass elsewhere. Those of us who exercise a bit of patience should do very well given the pipeline in 2020. I'm going nowhere.

HUM mentioned as one of just 4 potential 10 baggers on a rising gold price ($2000/$2500)

https://podtail.com/en/podcast/the-10-bagger-podcast/these-stocks-can-be-10-baggers-at-2500-gold/

I’m getting really excited about the next 2 big bits of news:-
1. The latest resource estimation for Kiziltepe and updated mine plan.
2. Completion of the 3rd parties Due Diligence and finalisation of the J.V Agreement.
We haven’t had such potentially transformational news for many a long time. Stand by your beds.

Well done David & team.
Enjoy your weekend.

Where are we on the wonder sugar alternative product? I always thought that was going to be the elephant in the room?

That’s a good write up. Reads very well. Lots to like here. Bring it on.