Member Info for VanVan

Long overdue. Now let’s name & shame. Why are we still protecting this k.heads

https://www.sott.net/article/420049-NASA-admits-climate-change-occurs-because-of-changes-in-Earths-solar-orbit-not-because-of-SUVs-and-fossil-fuels

John - I think you’ll find that the 6 month Interims come first. Perhaps early next week. Then as you say the Quarterlies in early October. I look forward to those as they will reflect the higher gold & Silver prices. News about Kizilcukur ( coming into the JV with Proccea) Salinbas (possible JV or Strategic partnership perhaps) and or Kepez news could come at any time. I expect the important news re: Tavsan (EIA & PFS) will be nearer to Christmas and perhaps the exciting new Resource/Reserve and extended Red Rabbit life of mine will be November / December. Perhaps the Interims next week will give the Co. an opportunity to set out some of the detail.

Sorry but what or who is this Chris oil that keeps getting mentioned?

That is a great update. Everything sounds very encouraging indeed. We’ve long needed an increased Reserve and Resource at Kiziltepe and of course an all important extended life of mine. This looks likely to deliver that and paint a clearer picture of production over coming years. Those potential grades sound very encouraging as well. I’ve often wondered why we hadn’t been back to do more exploration around the Bonzana grade finds. Well it sounds like now we are. Smelling the coffee.

Not Monday John as it is Bank Holiday. But don’t you think that might be premature? Quarterlies likely next week. Gold up strongly. And news on Tavsan not far away . But also 90% debt by Christmas. Value will surely out over the next few months.

I would say so. Well at least a big mid corporate. I bet your Balance Sheet looked a bit better than this one! Do you also invest in bigger Co's with strong Balance Sheets - yielders etc.

Thanks Spike501 for that genuinely helpful reply. Very nicely put. Clear & concise. I suspect that Reabold isn't half as well known (under the radar) as UJO, but they seem to have some decent assets which are close to being accretive. They also have some class investors, like M&G, Prudential etc. I admit it is not the same as UJO, being more of an Investment Trust or Venture Capital operation, but it looks lower risk than UJO given the spread of assets. But interestingly, UJO has out performed RBD by a considerable amount todate. I just wonder if that will be the case going forward given RBD's portfolio of accretive assets.
Obviously investors have forgiven or overlooked any previous history. I note although you thinks DB has a "decent collection of assets" they aren't good enough to prompt you to open your wallet. Thanks again Spike501.

It doesn't look like there was a happy ending at Nighthawk. Was D.B. involved to the end?

5p would give UJO a Mid Cap Market Cap of over £600m. Is that really even half credible Nightingale? How can you arrive at such a number?

Why would anyone buy UJO rather than RBD which has a bigger stake in West Newton and some very interesting other assets in California, Romania etc?
Secondly why does UJO attract so many posters. Has that built up over a number of years?
How do investors view David Bramhill's performance in past lives like Nighthawk?

I think my post yesterday must have summed up the views of many. So many red flags. Until you have taken those down and satisfied yourself this business is sound, investing new money must just be a punt. This Strategic Review is due so why not wait for that first?

That protestors report is dated 2017!

Jam: I 've attended the last 2 shareholder meetings in Hammersmith, and I agree, I still don't understand the fog over confidentiality. I hope someone cleverer than me can explain the reason behind it in a way that makes sense.

Panmure Gordon is not an AIM Broker. Nothing like your bucket shops. It is unusual for a small cap like Ariana Resources to secure the services of such an important London name. It was established in 1876.
Panmure Gordon is a 21st century merchant bank: providing independent advice, research, solutions and execution services to UK growth and mid-cap corporates and investment companies, underpinned by long-term client relationships.

For over 140 years we have helped fast growing corporate and institutional clients achieve their ambitions. Integrity, excellence and experience are at the heart of everything Panmure Gordon does, in public or private markets and for equity or debt.

I do have unashamed belief and support in Ariana and the progress in the Co and the share price supports that. It is Panmure Gordon's only small cap mining name that carries a BUY recommendation (12th June 2019) so my confidence is not just my own. On the way to production they had to raise funds like all pre producers, but know they are profitable and have grow free cash flow. But I won't say anymore, but I would prefer that you don't make up stories to satisfy your own disappointment in SML, even though that is understandable. I agree we should wait for the Strategic Review and then pass judgement based on facts - hopefully without spin.

Thanks for your comments Propinquity, but Ariana Resources (AAU) is up 16% over 3 months, 76% over 1 year and 126% over 5 years. If that is crawling I'm happy, especially as I expect it to walk pretty soon! The AAU Board haven't put a foot wrong and now have a producing gold mine with one of the lowest producing costs in the world, a $15 per oz gold discovery rate, again upper quartile and a second mine to double production some 18/24 months away. My money is far safer there than with this shower, although I do regrettably still hold some shares in SML (bottom drawer I suspect)

The problem for me is that Leigh Creek wasn't liked by others yet we said it was a goer. That hasn't been proven yet and will now take a lot longer, now we have run out of cash. The risk of the Co. having to announce more significant bad news could see SML in a very dark place. The trouble is that confidence is shot. All the bluster, all the big adjectives, all the big grins have proved worthless. They have failed to manage the Cobre contract, they have yet to convince the market that can deliver L.C. and they have invested in Redmoor without the financial wherewithaland again before they are certain it is economically viable. Note SML's Chairman is also a director of the Co. they are buying Redmoor from (Conflict of interest?) I can understand why they need a strategic review. I'm just not sure this Board are up to delivering even that. Serious questions need to be asked before the value witters away. Take great care here. Lots of red flags imo.

Based on the latest Panmure Gordon research note, which showed a SP target of 3.18p, using gold at $1500 and their valuation matrix, it isn’t unreasonable to suggest the SP target should 5p imo. Bring it on!

Like it. All we need now is a cash injection from the sale of Salinbas or part of it and or an injection of capital from a J.V. partner around 2021. Only kidding . Too uncertain at this stage.