Member Info for VanVan

Another great set of results! To all those who emailed me and asked me to contact the BOD on their behalf concerning the Dec RNS on bonuses. I can confirm that Plasbryn and I held a meeting with the BOD on Monday 29th January, where this issue and only this issue was discussed. The BOD took shareholder concerns and perceptions seriously, but defended the awards on the basis of comparative pay, options ..etc from the sector and also pointed out the last set of options granted were some six years ago, well under water and about to expire. I can't say there was total agreement but I respect how seriously the BOD have taken the issue and prepared their information and arguments. The paragraph on Corporate Matters in today's RNS is an outcome of that meeting and in my opinion is evidence of their intentions. I for one am satisfied and will not be pursuing this matter further, although I have made it clear that I cannot speak for, or commit, other shareholders. I remain a strong supporter of the Company and a significant shareholder.

Hi ABLE, I might be able to help with this and reassure you. Over on ADVFN a good number of shareholders, some with very sizeable holdings (2% plus) thought it appropriate to channel feedback via just a couple of active investors. A detailed letter was sent to the Chairman asking if he and the CEO would agree to a meeting to discuss this. They have responded positively without hesitation and this meeting will take place before the end of January. Michael has also been suffering from the flu, but I suspect it helps them to channel their comments back in this organised fashion. I hope that helps to answer your concerns. I'm sure the points you made in your email will be addressed as part of the overall response. I'm sure the outcome of the meeting will be communicated on ADVFN, LSE & iii.

Chart getting strong by the day!

Sorry unfortunately not.

Is there anyway I can email you confidentially via LSE or are you registered on ADVFN were you could contact Nov31 direct?

your post: 16.59 Noted & thanks. I will bring that to the right person's attention.

Chart looking more positive - above resistance at around 1.5 and above the 200sma for first time since early 2017. http://invst.ly/6cgqa Also new Tweet out on Twitter

Three very positive pictures & text Paul. Good stuff.

Ariana using Twitter to spread the word!

Why else might they need to be in Turkey? Hope you are all enjoying a good break & looking forward to an exciting Ariana year. Never a dull moment here! Bumpy ride doesn’t do it justice!

Wanted:Bosses of company in £3.2m mining scandal http://dailym.ai/2pnVph6

"Sale at a premium". Interesting slant on today's very strange & lack lustre announcement. Could there be an inkling of truth in that? Did Mariana do something similar? It doesn't seem like Kerim to line his own nest at the total disregard for shareholders. Remember he doesn't sit on the Remuneration Committee. It is made up of Michael de Villiers, William Payne (CF0) & perhaps the new boy, C J S Sangster.

Absolutely Paul. Why has it taken them so long to realise that being a small mining Co. with a producing mine to sustain their E & D operations makes them one of only a very few on AIM. Once widely understood and known about, it should make them very investable, especially given the very small Mkt. Cap. and the expectation that January Quarter results will be ahead of market expectations.

Great to see our Chief Financial Officer, William Payne buying more shares, In 2015 he had 4.4m. In 2016 4.8m. Then he took part in the last placing and with the latest purchase now has 7,909,314 shares. In total our four directors now own 55.3m shares or 5.25% It is always good to see the Finance Director showing confidence in his Co. with his own hard earned cash. Again a strong endorsement that the financials are in good order. It certainly seems that the Co. is making real efforts to tell shareholders now is a great to buy and improve sentiment and awareness.

From Plasybryn: As I read this, there were two acceptance dates - 1st Dec & 15th Dec. If the offer "from a substantial publically listed company to acquire the Company's 100% shareholding in ASA Headco Limited" as detailed in the RNS Update, dated 24th November, is accepted by the Joint Administrators to be a better offer than that of the RPI offer, then we all will receive that consideration shortly after the 15th or thereabouts. Of course we don't yet know the format of this "better" offer. Will it comprise of options? Say Cash or Cash & shares, or just shares? All should become clear soon. Anyone else care to comment with knowledge of how these things work? Response by Parkhurst: Plasybryn, great question about format of the alternative offer. I reckon the alternative offer would have to also comprise a swapping facility for those ASA shareholders interested to stay in. It won't be long now before the offer has to be unveiled. Ning and Kwan have been behaving like corporate thugs. After they were fired they have been illegally providing RPI with sensitive management information they had stolen from the Company just before they left. RPI is guilty of flagrant market abuse by making the offer on the basis of information, that was not available to other shareholders. Then with the pre-knowledge of a better offer before the other shareholders were informed they went unconditional, thus bagging a potential 1p trading profit, should the other party win the game. RPI know a thing or 2 about shafting ordinary shareholders. Those of us who held on will be the real winners in the end, I have the feeling. I think an alternative bid would not have been possible without administration. Normally Administration is the less good option. But we're not in normal here: because of the obscenely low level of RPI's offer. I reckon the truth is around the corner, hold your breath.

Steve Hughes https://www.youtube.com/watch?v=0AOKl3OqAvk

Just so there aren't false expectations, the winter in the Hot Gold Corridor carries on till probably April, so there won't be any renewed work or drilling till into Q2. No matter as they have masses of data to analysise & put into priority targets. Also JV work on Tavsan as they move towards completing the internal feasibility study. The IFS should provide the financial reassurances the Bank require to allow them to provide the loan finance for the mine construction. Remember Tavsan had a very strong IRR of 80% in the Scoping Study which should make this a very attractive investment. With low CAPEX and low operating costs, acting as fundamentally a satellite to Kiziltepe, and just 2 years to production, at some point the market has to catch up with our ridiculous valuation. Plus we have the promised important news on Salinbas and Tavsan Resource upgrade before year end. I wonder how the SP will look at year end.

HGM at Mines & Money this week.

Worth a read and action IMO. Well done Parkhurst. How many shareholders would have rejected the RPI cash offer or would have liked the option to reconsider their position had they known about the higher offer? Let’s rewind and reflect on Friday’s announcement by the administrator in response to the offer being made unconditional in all respects: “The announcement on 21 November 2017 was made without pre-notifying the Company's Joint Administrators and shortly before litigation between RPI and the Joint Administrators is due to be heard in Court in the week commencing 27 November 2017 ("the Hearing"). Given that there are a number of matters which are due to be heard before the Court next week, the announcement by RPI came as a surprise both to the Company and to the Joint Administrators. The Joint Administrators have now received a non-binding and conditional offer from a substantial publically listed company to acquire the Company's 100% shareholding in ASA Headco Limited ("Headco"), its immediate subsidiary holding company which in turn owns, directly and indirectly, all of the Company's material assets. The Joint Administrators believe that, if this offer is accepted, and the applicable conditions are satisï¬ed, all the creditors of the Company would be paid in full, and from the balance of the proceeds of the sale, shareholders of the Company should receive signiï¬cantly more than the 2.1p per share offered by RPI.†The implications of this statement are: 1. If RPI and its advisors had knowledge of the higher offer, irrespective if it was conditional or not, were they then not in a more privileged position than the shareholders who accepted their offer? 2. By acquiring the shares of those that accepted do they stand to make a proï¬t? If so, was this not insider trading? 3. How many shareholders who, if they were aware of this higher offer would have withdrawn their acceptance? Surely the regulators must look at this scenario and ensure that all shareholders are put on a level playing ï¬eld as this is their primary responsibility. If you want to join in on a petition, send an email to: higheroffer@asashareholders.com and we’ll form a group. A concerned shareholder

I'm not selling. Got clarification on the offer. They still need the shares to takeover. Only those who have accepted can not change their minds now. No change for those of us that have not accepted. RPI want to couse confusion to panic holders into taking 2.1 pence. Been told it's best to wait for announcements from the company or the administrators