Member Info for VanVan

Don't like the sound of FXPO. Not an investment for the faint hearted. Lets see what comes out of today's Capital Market do.

Didn't Jeremy say he want us to reach £100m Mkt Cap by Xmas (about 7p per share). What is he going to do now have played his PFS card to achieve that?

My post on ADVFN this morning.
It's not so much the pit by pit drill results that are important Biggles, it is the result of that work which leads us too:-
1. A Resource update which is due this quarter
2. A Reserve update due "early 2020"
3. All resulting in an extension to the Life of Mine. This should take us from circa 6 years now to 10 years plus.
This is the reassurance the market (Institutional Investors in particular) want.
This could have been better communicated again in the recent Derya Drilling results RNS imo. Too matter of fact as usual and setting out 3 objectives which weren't really objectives. They are the actions to deliver the real objective which is a new Resource/Reserve & Extended Life of Mine. I know it might sound like semantics but it's important imo. They often misuse objectives and strategy.
Then the earlier RNS about "Royalty & Database Acquisition". Again too matter of matter. What does this translate into? What does it really mean? Write it with speak aimed at helping investors appreciate the value creation.
The third licence on Salinbas again went largely unnoticed and under valued? The Co.seems so reticent to step outside a very conservative line and this is reflected in the current share price imo. After all this good news and weeks from having a massive uplift in our free cash flow we are back under 2p. The PR Co. & the directors can't ignore the fact that they are failing to drive value forward. Even P.G. thinks the S.P. at this gold price should be closer to 5p. They have got to create momentum otherwise we just keep getting overlooked and ignored. The Quarterlies next week should speak for themselves, but lets have some comment in any media interviews about the free cash flow from January and what it means for our valuation and future plans to drive value.
Ariana with attitude has never played out. What on earth did they mean when they coined that phrase?

Could all this CAPEX expenditure which is planned compromise the dividend?

Had our fill of news this week. Looks like Quarterlies next week now. Probably the best timing.

It is amazing to see the USA again stepping in to broker peace and protect the interests of innocent people whilst supporting as far as it can Turkey's plan to remove the ongoing Kurdish treat to their peaceful living and in the blatant absence of any help from Europe in respect of the 3.6m Syrian refugees. Trump pulls it of again! And its not even his (the US's) problem as he stated.

I suspect this will ease investor concerns and sentiment towards Turkey will start to melt. It has been an amazing week of news from Ariana with the Quarterlies still to come. Have they left the best till last? I believe the RNS's could have been much better written this week, but I'm afraid that is par for the course with Ariana. The Quarterlies with the benefit of the uplifted gold & silver prices, can't help but speak for themselves, so these with the cease fire news, should only mean one thing. Sorry if anyone disagrees. Not trying to be controversial .

My post from ASVFN. When do we get an updated Resource? What more has to be done? When will we have extended Life of Mine details? I wish they would write the RNS?s focused on what investors want to know. Am I being unfair. This sounds very encouraging but could be presented so much more strongly imo

I believe it is out. Has anyone seen it or have a link please?

Picked this up on ADVFN. Can’t say if it’s true, but this corruption thing is overdone I expect. "Spain is ranked as the 4th most corrupt country in the world, far more corrupt then either Russia or China."

Thanks for that desert joe. This is from Catstick on ADVFN
To me it looks like the situation in Syria is now much better than it has been in a long time, Assad and Russia keeping the peace and Turkey not worried about a Kurdish state is a win win for both sides, it also sounds like Trump is quite happy with what has happened and apart from a few neocons spitting feathers its all going to settle down.
Re: the US I have no idea what I'm talking about, and no idea why I am making a comment, but this noise of impeachment is just that in my opinion. It will never happen. Trump is liked by an increasing majority and is carrying out the policies he said he would and those are popular. I suspect the same is true of Turkey. And the endorsement by VW as I reported on yesterday is a massive vote of confidence. The media don't report it of course; they just delight in fake news and negativity. Did you see that false video from ABC news using a Kentucky gun event and making out it was from Syria. They even doctored it to remove the audience at the event. Disgraceful, but that is what the media has come too. Best ignore it.

Am I right in thinking it was only 50 US soldiers that Trump brought home. Surely that can’t be right. What impact could they have?

Found this on twitter - You won't have seen this in the news but the car makers are abandoning the #EU in droves.

Volkswagen has just rejected the EU to open its new £1 billion factory in Turkey with 5000 new jobs and 10,000s in the supply chain.

And it blamed EU rules.

I believe there is an Investment Day this Friday. Might put a stop to the weakness. The yield, of the dividend is maintained, could be very enticing.

Well I held this through the coup and now this. Many invest in very unstable African & far eastern countries etc. which in my mind are generally far worse than Turkey, where many Europeans enjoy to spend their holidays.
I've honestly no idea which side is right in the conflict, but from what I read and it may be wrong, Turkey housed 3.6million displaced people (families) from Syria whilst in large part the rest of Europe stood by & did nothing. Turkey was promised $6 billion in help from Europe, but I understand very little has been received. So, Turkey now wants to establish a 20 mile safe border to probably house at least 1m of the 3.6m. If Europe & the West don't permit this or blame Turkey of invasion, they will consider releasing these people into Europe. Furthermore the Kurds have made life miserable for people living near the border and Turkey wants that understandably to stop. I suspect there is a lot more beside going on, which perhaps we will never know. So many players all with vested interests. Just as with the coup, I doubt this will affect Ariana a great deal, although as we have seen sentiment can influence short term pricing. The price of the Turkish lira may fall against the US$ lowering operational costs further. With so much news from the Co. due between now & Xmas I would find it hard after all this time to sell shares at this late stage. Please disagree with me. My views aren't precious.

Thanks so much for your help with that question Luke. And a quick response as well. But I think the numbers underscore what I feared. All those directors together only own 0.53% of the Co. if my maths is right. And Jeremy owns 0.14%. Hardly a statement of confidence. In such circumstances I would expect the Director’s and senior mgmt to own 10 times their current holding at around 5% plus.
Wouldn’t you? It’s irrelevant how many I own with respect, I’m just try to tick off my boxes which add up to a sound investment. A key one in my book is to see the Directors with plenty of the their own money in the game - not share options but personally bought shares.

I agree it was a very thoughtful and thorough interview. The old issue I would question was when Jeremy was asked if he was a holder/buyer of the shares himself. He said he was, but , and perhaps I’m wrong, I don’t recall him buying , at least recently, and I had it in mind his holding was rather on the small side. Please correct me if I’m wrong because I like to see healthy “skin in the game” by directors to show alignment with shareholders and a real sense of putting their own money where their mouth is.

Thu 19:08
Toiler - 9,175
DGR - 11,500
Prop - 9,150
DVH - 9,400
Fira - 9,250
Van Van - 9350
Slurm - 8,900
Mont31 – 10,250
Lekka – 12,300
Major - 10,500
Earning - 12,950
Dotcom - 9999.9

Bullish article just out

No I was told Kerim was travelling afterwards and it could take sometime. Perhaps they hope it will go away if left long enough!! But having promised it, I doubt they would do that.

Last chance to bag the dividend and the special dividend payable 5th November.