Member Info for VanVan

It would be great if you could share some of the predictions from your spreadsheet. Thanks

Think you should also look at AAZ.

Hummingbird (HUM) has a high cost of production and has suffered recently. Now it’s problems are hopefully behind it, the gold leverage aspect should kick in. But look at mgmt track record -and location- Mali.
Low cost producers like AAU and AAZ are much lower risk especially when they have under rated valuations like AAU (look at the Mkt Cap) and potentially significant exploration upside.

Caught up this week with Alan Broome, Peter Wale and Brett Grist at the SML AGM in London

**Apologies for the sound ... Was a noisy event!**

youtube.com/watch?v=mjg2Hx…

Well said Wiltshireman. Sorry you’re not benefiting from our run given your long term association.

-- Commissioning of the completed mill due to start in July with full capacity ore throughput expected in August 2019

Steady on Soulsauce!! You’re getting excited. Probably fully justified.
I just keep reminding myself of the unrepresentative Mkt Cap. which is relatively tiny at just over £20m. That’s what I love about AAU. It isn’t hard to envisage it valued at £100m or indeed a lot more in the future. The potential upside remains very attractive for potential investors given :-
A) debt close to being paid off - in the most part by December
B) FCF now from Kiziltepe Mine and increasing after debt repaid.
C) sale of Kizilcukur into the JV ($1m plus)
D) great progress on second mine Tavsan - EIA by end of year and possible production start one year later.
E) Salinbas Phase One drill results due July. Hot Gold Corridor to be company maker??
F) Salinbas Phase Two drill programme- 8000metres to start ?
The lid is lifting- the pace of revaluation could easily accelerate especially if the gold price continues also to harden.
Good luck everyone.

Early 2020 and the JV is free of debt of course. But yes easy to get confused over the JV Bal. Sheet. & Ariana’s

New P.G. Note out on the web site. Enjoy

Hi John,
I agree on both points. Yes there would have to be an RNS in the morning if they were to raise price sensitive information, but a general discussion about options arising from increased FCF in 2020 is feasible for example. Also Michael's comments in the AR & A - "the team continues to monitor this sector (electrification related) with an eye on new opportunities and with a view to repeating these previous successes in this exciting sector of mineral exploration".
Then there was his comment - "This is ultimately rewarding the shareholders through an increase in market capitalisation and, in future, the potential for the payment of dividends". "This cost - benefit analysis is being reviewed constantly and your board is looking at mechanisms by which distributions to shareholders can occur as and when practicable".
So they may want to get shareholder feedback on these issues perhaps. How to prioritise capital and time. Just a thought .
But also yes, I agree it is very important for shareholders to attend the AGM and vote on the resolutions, especially if clarification is required or a view point needs expressing. I'm confident Ariana haven't done this to distract shareholders away from the AGM. There is a genuine reason why Kerim can't attend on the 28th and he and the other directors are therefore very kindly making time to see shareholders on 27th as well.

I don't think this has happened before where we have had two Shareholder meetings so close. The last one was on 30th April, so just two months later we get another. OK there was the Annual General meeting, and normally Ariana use this as an opportunity to have an exchange with shareholders, but I see this decision as very encouraging. Given Salinbas Phase One results aren't due till early July, I'm wondering why they think it is so important to hold another full shareholder meeting before those results? What news do they want to discuss? This is clearly a very important time in the Co's development, with so many key milestones on the horizon. I'm sure they want to keep us closely informed about progress and future business direction, ensuring long standing shareholders, in particular, take full advantage of any long overdue re-rating. Just my supposition of course. I'm delighted we have been invited to Panmure Gordon and can see the recent award wining Kieron Hodgson face to face. He was the top ranked sector analyst in the Extel 2019 survey by corporates for the second year running and 3rd in the highly competitive institutional vote. It is now and in the future that we should expect P.G. to start to play their important roll. We are lucky to have such a long relationship with one of the best commodity brokers in the sector imo.

Hi Paul
Do you have my email? I’m very open to you inviting ADVFN. Happy to take pot luck unless you have somewhere in mind. Cheers

hTtps://www.brrmedia.co.uk/broadcasts/5cfa7592221579216107cd11/ariana-resources-plc-salinbas-update

"Very successful drilling programme".

"Incoming results have highlighted several zones of significant mineralisation".

"Still only scratching the surface"

BRR Media UK (@brr_mediauk)
07/06/2019, 15:41
?? WATCH | ??@ArianaResources?? $AAU onsite video update with Zack van Coller, Exploration Team Leader, filmed during the conclusion of the Salinbas drilling programme in Eastern Turkey #AAU #gold #mining

brrmedia.news/htqke

Very encouraging.
Phase One drill programme complete.
Results end of June/early July
3000ms not 2000ms ??
Breccia pipes mentioned again. That’s what they found at Hot Maden!
Have a good weekend.

finnCap... Target Price 33.0p ... Valuation. With net assets of c£17m, of which c£7m cash and £3.5m in shares in APT, ThinkSmart shares trade at a c60% discount to book. Our view. The 6.5% ownership of ClearPay represents a significant upside for Thinksmart. APT is the most established global competitor in the online point of sale market by a large margin, having achieved a 25% market share of all Australian domestic apparel online sales and 8% of all online physical sales in only a few years. In May 2018, APT launched in the US and by the half year to 31 December 2018 it had gained 2,800 retail partners and 900K customers (Feb 2019) and transacted Gross Merchandise Value of A$260m (11.6% of group GMV). By comparison, it took 28 months to achieve the same GMV in the Australian business. We believe that the intellectual property that APT brings to the UK market is significant and will greatly accelerate the development of ClearPay and hence bring to light the value of ThinkSmart's holding in ClearPay. ATP estimates that the UK online market is more than 4x bigger than the Australian market and more than a fifth of the US market. ThinkSmart plans to sell the holding in ClearPay to Afterpay in five years at a valuation based on the Afterpay valuation in five years’ time. After Pay Touch Group currently has a market cap of AU$ 5.7bn up 90% YTD.

I'm up for a spot of lunch for sure.

I believe it will be c. 95% repaid by end of 2019, leaving a small residual to clear by Easter 2020.
At that point we will be throwing of FCF! The $20m Tavsan capital cost probably won’t all need to be borrowed due to the accumulation of cash, but in any event won’t be required till much later in 2020 or even early 2021.
So we have the AGM details. Same place as usual, same time and same date roughly. Let’s hope quite a few attend. I’ve already bought my train ticket! Kerim will no doubt do a presentation and I’m hoping he will be able to cover Phase One Salinbas results, Kizilcukur drill results, new resource and how the asset will come into the JV. If that is the case, it’s certainly going to be worth attending. 3p share price by then! I mentioned two of my colleagues have visited the mine. If you went on the web site today and clicked on financial reports, you will have been able to read the full Annual Report and Accounts. On the shareholder page it shows Steve Bingham holding over 31m shares or 3%. That is how confident he is after his actual mine visit. Well done any new investors. You’ve probably joined at just the start. I suspect it won’t be long before we start to attract Institutional Investors as well. An updated Brokers Note from Panmure Gordon would be great once we have done Hot Gold Corridor results. And watch the price of gold. All coming together.

Or even

Welcome aboard. Some of us have been here a long time so like new blood so to speak. It is also great to have someone on board who knows Turkey. Two colleagues have visited the mine, one this year and one last, and they both came back brimming with praise. A lot of us think the mgmt here are special, not your normal AIM bunch. A lot of Kerim’s family are involved and he treats his employees in the same way. Many of them own shares. You are lucky as you are probably joining at a very important time. Well certainly the next 12 months are going to be very exciting.
We should get news of the AGM soon . Perhaps you’d like to attend and meet the directors and a few of us investors?
It will probably be in St James Sq London, around 11 o’clock end of June/early July.

SP Angel issued a Mining Flash Note on 31st May on Anglo Asian Mining.
They have marginally increased the target price to £1.27.
Worth a read.

Hummingbird says early estimates from updated Life of Mine plan show ‘significant improvements’ to production and costs #HUM #gold ow.ly/YOpv30oRLkv @HUM_gold