Member Info for VanVan

Was held on 29th June last year. By then we should start to have a feel about how well
Salinbas Phase 1 is going, so I wouldn’t want to miss it for all the tea in China! Hope to see you there.

Hi John
It is held at the delightful East India Club, 16 St James’s Sq . SW1Y.
Paul 280i always attends. Yellow Jersey had about 4 people inc. Tim. Our Nomad of course.
All the directors and Beril, Kerim’s sister. There was one Shareholder who talked his way in even though he didn’t own any shares and called himself John Smith! He was a poster on ADVFN. Overall I would say there were 40 people there, a few more than previous years. The formal bit only takes 15 mins or so. Then Kerim gives a presentation and then Q& As for as long as required. Just coffee & biscuits.

Yes that was good, but the AGM in May is equally as good imo. Have you attended one? It would be great to get more there this year.
I don’t really understand why the Tavsan work wasn’t carried through. Still I recall Kerim saying the position on Tavsan will be much clearer by the end of 2019.
It’s amazing all the things we have to look forward to this year:-
Amongst others:
Red Rabbit drill progress leading to Reserve/Resource (life of mine ) updates
Phase one drilling at Salinbas
AGM
Tavsan news/strategy
Satellite to JV
Near completion of loan repayment
Etc.
Hopefully all underpinned by a rising gold & Silver price.

This was from an RNS dated 9th April last year.
Talks about work in 2018. Are we due an update?

Dr. Kerim Sener, Managing Director, commented:



"This is an exceptionally pleasing and robust resource update for the Tavsan Project. We are increasingly confident in the potential for Tavsan to be developed in the medium-term and that planned mine life can be increased beyond four years, as previously defined in the Scoping Study of 2016. The JV is targeting the development of Tavsan as a semi-autonomous project with the Kiziltepe Mine, within the broader context of the Red Rabbit Joint Venture with Proccea Construction Co. Further work will be required on a Feasibility Study and EIA, which the JV is aiming to complete largely in-house, along with associated permitting. The JV is planning to commence these work programmes during 2018, which are expected to be funded through cash flow from the Kiziltepe Mine."

Noted - thanks

Hi Kenj . Quite a long time ago I suspect. It was a ten bagger for me. Went from 4p to 40p. I would hassard a guest this was probably at least 10 years ago. I would have to do a lot of digging to tell you procisely. I agree after Geoff Davis left as CEO it had all sorts of problems. Delisting from AIM was probably a mistake. I’m sorry to hear you are underwater. Perhaps best to look for a new home for your money!!

www.thebrexitparty.org

thebrexitparty.org

A couple of enjoyable posts. Interesting stuff. I don’t do politics on here normally but liked your assessment John.
I’ve already put my name down for the new Brexit party. I don’t recall anyone saying this will 10 bag or more. That would be irresponsible. Swallow was just telling us he had a 20 bagger with Medusa Mining. It can happen but in our case would need lots of things to come together including of course a major discovery at Salinbas.
I’m as realistic as the next man.

I thought AB came over just great. He is very confident even though Rome isn't built in a day.
I'm waiting more for sentiment to change towards the commodity sector which given the time in the doldrums I don't think is that far away. Lots of really good undervalued stocks in the sector even with great news announcements aren't doing much. But wait till the wave turns. Those of us old enough to have experienced the phenomenum know how exciting the hockey stick can be. We are aligning our ducks with that forthcoming market cycle change imo. Hang on tight.

I think we are probably at that exciting bottom that we enjoyed with MML & Mariana again with AAU. I also believe we are near to transformational news; well probably over the next 12 months anyway, and the start of the next bull cycle in gold and gold mining stocks. As Malcolm Pallee of Coinsillium and Mining Maven says, the moment Ariana really starts to go will be when gold rises in value. I think he is probably right. History proves it. Once the cycle really gains momentum and mining stocks become flavour of the month, the upward movement will be fast and progressive. I genuinely think we are going to align our transformational news with this change in sentiment and the uplift in gold. A win win. A double whammy. I believe we will see the FED struggle to control things state side with the likelihood of more QE. The US$ will come under pressure over the next year or so leading to a corresponding change in pricing for gold & silver. I see gold at $1700 within 12/18 months. I think the future for the Euro, as explained by economist Armstrong, is probably much worse and it really worries me that Great Britain is going to end up helping to rescue them as we align ourselves closer with their failed economic system. A stock market correction at some point looks inevitable to me.
But back to Ariana, I very optimistic we will enjoy a re-run of MML & MARL. Those who talk of 3p or 4p are way off the mark imo. Those of us who have experienced these sorts of stocks in a real bull market know that the end game can be hard to fathom or credit at this point in the cycle. Good luck again swallow & other old "baggers", if I may call you that!

This is an interesting post on ADVFN poster by Jaynesdad.
But how do they get over the Kizilcukur ore not being JV ore - its 100% AAU ore? Does the initial stockpiled 'test' ore get trucked to Kiziltepe and 'gifted' to the JV as a one off? There is no spare capacity of processing at the JV plant, even if Proccea granted AAU use of it, so any processing of solely owned AAU ore would otherwise prevent JV ore being processed and hence cost Proccea. If there are as many ounces at Kizilcukur as we are beginning to suspect do we really want to sell it into the JV at 3x cost given that AAU own 50% of the JV so will only effectively get 1.5x? Exploration cost is not large I understand, maybe £1m?
I know I have a thing about this, sorry. But I suspect that that is fairly high on the AAUs BOD current focus to get sorted, and I will be interested to see how it is resolved. Once the current Kizilcukur drill program is completed and the results analysed I suspect that we may get a announcement. I hope so. Furthermore this 3x arrangement does not apply to Invindri. I wonder why that was, I guess it may have been a later licence post the JV being finalised?

As Kerim often reminds us he sees Ariana as primarily an Exploration & Development company. He is a geologist and a dam good one at that finding ore at industry leading $15 per oz.
Red Rabbit provides a means to an end. A means to fund his exploration plans.
Ariana is in an amazing place having secured 100% of the Hot Gold Corridor offering numerous opportunities to realise multi million oz discoveries.
I don't think they want to sell Salinbas but would prefe,r once they have a better handle on the potential, to seek a suitable JV partner so they keep control.

My post on ADVFN:
Have you seen Michael de Villiers tweet regarding Alamos this morning?
"The Turkish Dept. of Energy & Natural Resources has awarded TSX and NYSE lasted Alamos Gold an operating permit for Kirazli, allowing for the start of earthworks on the open pit area"
"The CO expects to spend $75m in 2019 on completing work on the water reservoir and ramping up major construction activities and earthworks"
"Kirazli will produce more than 100,000 ozs of gold during its first year of production....all in sustaining costs of less than $400/oz".
"Expected too bring consolidated production to more than 600,000 oz/y while significantly lowering the company's cost profile".

So is Michael tweeting this as a hint that we can & we will get the permits we need for Salinbas Phase 2 drilling? I reckon so.
Interesting also that Alamos Gold has costs to challenge ours!

Well done Dibs61. I kind of expected a “safe” 25000 ozs as well knowing Kerim.
I’m pleased really as I want them to over exceed again. And allow for repairs & other hiccups given we only have the single Ball Mill. My only comment would be why does it take to 12th of March to give such a standard type guidance.
We could have come up with that figure in January.
The comment about the loan is great and should get investors salivating once they work out the numbers.
Right roll on drilling at Salinbas (April/May?)

I’ve had a shock today as i’ve discovered Mercedes are now building FWD
Models (CLA & GLA) .
Mercedes has always been synonymous with rear wheel drive along with all quality cars. Apparently some say this is due to the Renault influence, and obviously to cut costs. Sad day.

Thanks Paul. I seem to be having a bad day!!
Hopefully Mrs May is doing better!!

I don’t think it is pipe-dream. Ok on 50% my target should have been 10p but that is only on 5 times and takes no account of E&D assets like Salinbas etc which hopefully will be the elephant in the room.
I reckon we will discover at least 5m tonnes in the Hot Gold Corridor. Based on the Hot Maden sale to Sandstorm for $170m the value here is, as Michael has said, potentially a Co. maker . Remember with Mariana they only owned 30% (we have 100%) and Sandstorm have to move part of a village and river according to Biggles on ADVFN. He visited the mine last year. I agree this is all hope at this stage, but lot at the E&D target the Co have already set, even before hard core drilling.
So with respect anything less than 10p over the next 3 years is selling yourself short imo
But DYOR.

I needed to take 50% of those numbers to take account of JV.. Whoops.
Kind of you not to enjoy my stupidity!!

Don’t forget Ariana Resources (AAU) has a Market Cap. of c. £20m and has a highly profitable Gold/Silver Mine. Loan to be repaid by Q1 2020 and then lots of FCF. J.V. with Proccea. Has a second mine planned and 100% ownership of the very prospective area 8km north of the now famous Hot Maden discovery. Plus other E&D assets.
Well managed and Directors have skin in the game and have been buying more.
Sorry just wanted to highlight another rare undervalued profit making AIM commodity stock.