Member Info for VanVan

1. Why can't we be told the AISC figure?
2. Can we have the Gantt chart reinstated?
Good start.

Thought this was an interesting post on ADVFN courtesy of STOPH
“MDV clarified a couple of points at UK Investor. Firstly 90% of the loan will be repaid by Apr 2020 but the full loan will be repaid in 18 months. Secondly the share buyback was because their employees were having difficulty in selling their shares and needed the money. They will use this method to buyback from their employees in the future once the capital structure has been sorted. I must approve of them treating their employees in such a friendly employer manner”

Encouraging first quarter numbers. Well done.

Lots going on as Kerim said.
https://www.brrmedia.co.uk/broadcasts/5cae05b1eb566331974d6035/ariana-resources-exploration-update
Prelims tomorrow?

Totally agree John re: Gantt chart. I have requested that of Michael but I think we all need to bang that drum. It is the most useful slide of the lot, but they are wary about promising and then missing the target I expect.

Looking forward to the numbers probably on Tuesday if they repeat the date from 2018.
Has anyone had a look around the new website yet?
Drill results can’t be that far away either.

Progress on the second ball mill project continues to plan - here's a shot from the first concrete pour last month #HUM #mining #gold #expansion

Thanks for your thoughts & feedback warrant. Much appreciated.

I've had a look at this and like the business model, the people involved, the "skin in the game" by directors and the market potential.
But as someone said it seems to have been over hyped recently imo. However from a Co. perspective this is great as they may be able to raise funds at a much higher price than just a few weeks ago, protecting early investors from dilution.
But surely dilution will come and I suspect this run up in the price will encourage them to take advantage of that. I would if I were them.
Given the quality of the people involved,(high salaries/fees?) the expensive investment in technical developments to maintain competitive advantage (stated strategic priority) the cash balance last reported (£2.1m in the last 2018 Accounts) that just isn't going to be adequate, especially given by their admission they will be loss making right through to next year.
So I suspect those who are patient will still get an opportunity to buy in at a much better price.
Please tell me if you think I have this wrong. Perhaps big contract deals are imminent and will push the S.P. to new levels again.
In summary, perhaps all current and aspiring investors should attend the AGM on 29th April to get a better understanding of cash management.

Thanks. Time keeping not one of their strong points!

What's happened to the results from 9 holes at BKM due by the end of March? Have I missed something?

Yes I was there. Sat second row on the right of the room and if I recall. Seem to recall asking lots of questions!!
Not sure I can go this year, but hope to attend the AGM where all the directors should be present.

I have some connections as well. My father lived in Edgeworth, went to Bolton Grammar School and did his apprenticeship at Mather & Platts,Manchester. That was pre WW11. His father, my grandfather, converted the Steam Mill, known as Know Mill at Entwistle (Edgeworth) to Electric to provide electricity for the village. I watched it be blown up when I was perhaps 5 (circa late 50’s) and the valley flooded to form the reservoir that is there now.
Hope that is all reasonably accurate! I live in Wiltshire.

Repeating the American Sq. shareholder meeting they did last year. Seemed like an Yellow Jersey sponsored event. Not that many turned up last year (hopefully better this year) but not sure of the point really given the excellent AGM they hold in June. Anyway keeps the kettle boiling and hopefully Yellow Jersey will make a better job of attracting potential new investors this year.

Expecting them around 16th. But can’t believe that we are finally perhaps only a month or so from getting our teeth into Salinbas again! Yippee.

Perhaps I’m allowed to mention politics in Turkey!!
I see The AK Party of Recep Tayyip Erdogan, has submitted objections to local election results in all 39 Istanbul districts. The AK Party is on track to lose control of Turkey’s two biggest cities, Istanbul & Ankara. The Telegraph says this may complicate Mr Erdogan’s plans to combat recession.

I endorse that Paul. Best avoid religion & politics & stick with AAU.
Now where is that No Deal?!!

Photos of the commencement of wet commissioning at Leigh Creek, including the recommissioning of the Kennecott Cones. Filling, full and overflowing, dumping and flushing.

#SML looks forward to restarting #Copper production shortly

That’s also my understanding Paul. Not sure how the local Turkish elections are going but Erdogan sent the Lira into a another tailspin last week as you probably know, after a currency crackdown. As reported in the Telegraph authorities are ordering Turkish Banks to stop lending the Lira to foreign investors. The amount Turks hold in foreign currencies has increased 11% in 2019 as confidence in the Lira has weakened.
I think it has been suggested that the concerns are often over stated in the press. In any event it seems it has helped us operate on world class lower quartile costs.

Great photos on twitter today showing progress at LC. Looks good.