Member Info for VanVan

Someone likes it - now up 11%

It is great that they confirm the current loan will be cleared by April 2020. Around $20m outstanding of which just $10m is ours. I agree John that it is misleading to suggest Ariana is debt free because it sits off the Ariana Balance Sheet. What is the point of saying that?

Hi Benji
Surely the £4,749,000 Finance expenses is the J.V. loan repayments to Turkiye Finans Katilim Bankasi A.S.?

Interesting and perhaps a perceptive view IronStorm. - Iron was suggesting the share price had been walked down for the benefit of site visitors - Surely not!!!
Let's hope they come away appreciating the significant value disconnect.
As it says in Slide 4 - " Significantly undervalued relative to global peer group".
I like the focus on 50,000 ops pa - Note it says through further expansion at Kiziltepe and/or development of Tavsan.
Does that suggest a 2nd Ball mill etc & underground mining at Kiziltepe.
I suspect 50,000 ozs p.a. is conservative if both Kiziltepe and Tavsan are full developed.

No up on the web site.

I’m not sure the number of trades makes the charts (Technicals) that relevant here. It could turn on news very quickly although overall, along with all small caps in this sector, it is gold price related. A rising tide lifts all boats . Incidentally that has just gone back over $1200. Can it hold?

I genuinely feel share holders have misjudged the situation.
Everything is going to plan. The loan is being repaid and will be cleared within 18 months making a massive difference to our bottom line profit. Drilling programmes are being stepped up. 4000m RC & diamond drilling programme. More news very soon on this.
Q3 production results are imminent (2nd week of Oct?) and should confirm again how impressive Kiziltepe is performing. Grades, utilisation and mega low costs. Also some new opportunities being evaluated outside the current portfolio.
Kepez production due to come on stream next year as well. Yet the SP is probably back to a pre production date! Madness imo.

As we know Beaufort who were our bucket shop broker went into Administration back in March. Investors who used Beaufort had their stock holdings frozen by the Administrators. They promised to conclude the sort out of the affairs by the end of September. At that time (last week) the stock that had been frozen by the Administrators was released to alternative brokers, mainly The Share Centre. I suspect that some of those investors wanted to sell stock for what ever reason and I suspect this had added to the selling these last two days. That was always to be expected although very few admitted that it could cause volatility. What is has done is provide an attractive price for those wanting to buy in or accumulate . I think we are starting to see some of that happening.
I expect other Beaufort related AIM stocks will be experiencing similar activity. At least this terrible indictment on our UK regulatory systems is now hopefully behind us.
Nothing has changed with the Ariana story, in fact this next quarter should be one with some nice goodies, so I expect this bit of liquidity might be a good thing to kick start a bit of positive trading as buyers recognise this bargain price.

Yes hopefully everyone knows I post occasionally on ADVFN where I use the handle Plasybryn. Helps me not to get confused! Sad state I know.
I'm not sure I can be bothered to keep defending what I see as balanced decency. I have better things to do and can't understand why those who disapprove so strongly want to either hold shares or write on a B.B. where they aren't shareholders. Ok if they are looking to buy in and want to check some facts but the continual assignation of decent people is not for me. Obviously the SP is a disappointment but that is our fault probably for buying in too early. It is always easier to blame someone else. I do not wish to be associated with character attacks.

Hi John
You really must try a good Spanish wine. Whilst I like all those you list, they are over priced for what they are imo unlike Ariana. Rioja from northern Spain is well worth trying. Crianza is the basic, then Reserva and finally Gran Reserva which tends to be rather expensive. Try CUNE or MUGA but their are 3 areas and each is slightly different. Great area to visit - prices are much cheaper in Spain of course.
I’m also happy with a good claret or a good bottle from the progressive smaller Provence wineries. Having a Camper Van/Motor home is a great way to visit the wine areas across Europe. In France they have French Passion where you are invited to camp on the winery. What a life of freedom. Love the Camper Van!

I

I can buy Borsao, 2015 Campo de Borja (14%) in Spain for around 1.3 Euro and it is excellent. Always return with around 3 dozen bottles in the Camper Van. Everyone who tries it thinks it is quite expensive wine! Wine drinking can be very snobby!
Some strange posts on ADVFN. Care needed as some pontificate negatively and don’t even own the stock.

2.7M OZ AU additional target at Salinbas!!! WOW

Self funding exploration announced.

Very low cash costs per OZ.

Growing production exceeding targets.

Will we see any buying ahead of Interims and lastest production numbers, or are we still too under the radar for any pro notice our progress?
I have a good feeling about newsflow in October and hope we will have plenty to debate on here after a quiet period.

Do we still hold shares in Kingston?
KSN Kingston Resources finds visible gold-bearing veins at prospect near Misima Gold Project

As ever looking good.

Also meant to say Kepez is just 6.5 km ENE of the Kiziltepe Mine, so trucking is fairly easy & low cost.

KEPEZ MINING PERMIT - I wonder how that process is advancing? - "mining permit application process currently underway."

Hi - I expect you're all right - I'm being a tad optimistic!
Reference Kepez we were told at the American Square, London meeting on 8th May that Kepez is being brought forward. They have already secured the E.I.A. permit. Look at slide 27 of the May 2018 Presentation where it shows Kepez getting its Permits this year and starting production Q2 - 2019 through to Mid 2020.
"Environmental Impact Assessment ("EIA") extension granted recently to cover part of the Kepez North area; mining permit application process currently underway." - Taken from 8th May RNS
The global resource for Kepez is c. 371,000t @ 2 g/t Au & 14 g/t Ag for 23,000 oz gold and 164,000 oz silver. The new estimates represent a c. 270% increase on a gold only basis from the previous estimate of c. 8,800 oz gold.
Kerim said - This resource update for Kepez indicates the potential to add at least one year of production from this satellite area of Kiziltepe.
Also have a look at the RNS dated 12th November 2012 - "Exploration Update for Kepez West & Karakavak".
At this time they reported on reconnaissance drilling with the best intercept being 9.6m @ 3.02g/t Au. Grades from rock chips samples yielded results up to 9.77 g/t, 9.73 g/t & 6.3 g/t from sulphide rich quartz veins.
Hope that helps.

Next week perhaps? Hoping to get news in Q 4 on Salinbas, Kizilcukur, Kepez and perhaps Tavsan.
Anyone care to guess the number of ozs to be produced this quarter? I’m hoping for 7500ozs (up from 7171)
Hoping for at least a 2p share price by Xmas.

Interesting question John. With Interims and then the next Quarters production numbers early Oct.,perhaps they'll wait until those are out of the way. Don't want them to get lost in all that noise. But with Kerim presenting on Salinbas at FINEX on 17th October, I would guess he will want up uptodate news out in the market before then. So my guess is 2nd week of October. Just a guess.