Ariana Resources Share Discussion Threads

[bigglesbingham] 13/9/2019 09:59

Help and second opinion is always a good thing . He can always choose to ignore it but I think getting in additional expertise is a positive.

[8rad] 13/9/2019 09:49

CC.....hopefully you are right and then game on but conversely it might be that Kerim is finding Salinbas a bit of a mystery and seeks assistance.

[soulsauce] 13/9/2019 09:43

Indeed Plasybryn.

What they usually like to do as well is write & publish lots of very detailed pages about what they have found. All highlights Salinbas.

[charles clore] 13/9/2019 09:41

I am joining up the dots and thinking that MDRU is acting on behalf of Sandstorm who are working up a possible bid for Salinbas.

[plasybryn] 13/9/2019 09:34

Goodstuff Soulsauce. And of course free advice/input plus spreading the word into the community we want to know about it. Also shows confidence imo and underpins Kerim's desire to support these sort of educational projects.

[soulsauce] 13/9/2019 09:12

As ever with Twitter pictures and little explanation we will likely never know.

Looks like a bunch of Geo's out on a jolly looking at complex mineralised geology.

I work with some Geo's in my volunteering role, that is why I knew pretty soon that the shiny yellow bits in one of the previous tweets wasn't gold.
They are an excitable bunch and will travel extensively to look at rocks to try to piece together when and how they were formed.
What I do know is they rarely all agree. Hopefully they may provide feedback to the company to assist Kerim and Zack in making decisions going forward.

[8rad] 13/9/2019 09:00

Good question.

[mcmather] 13/9/2019 08:55

"We are an integrated geological, geochemical and geophysical research group that solves exploration and mining problems with applied geoscientific research projects."

Their base is Vancouver, BC. Sandstorm (Hot Maden) are also Vancouver based but they are not one of MDRU's members.

Not sure the significance but doubt it would do any harm to have a few more eyes lpok over the prospect but especially after the latest results from Salinbas North / Ardala North and KS's "we need to think bigger" comment.

Who approached who??

[plasybryn] 13/9/2019 08:04

Group visited Salinbas- MDRU is one of the most successful integrated mineral deposit and exploration research groups in the world. Founded in 1989, it is a collaborative joint-venture between the minerals industry and The University of British Columbia, focused on solving mineral exploration-related problems and training highly-qualified persons. MDRU has more than 200 alumni and associates working throughout the industry, government and academia across the globe. We have a proven track-record of accomplishment of delivering successful industry-applicable research results and training.

[plasybryn] 13/9/2019 08:01

What's the significance of this morning's tweet from Ariana?

[jc2706] 13/9/2019 07:45

I used to think that hydrogen would be the best solution. I am no longer convinced that this is the case. Apart from the infrastructure issues, production of hydrogen requires a significant amount of energy and every change from one energy state to another results in inefficiency.

My understanding, and I am sure that there are people here that can bring more clarity to this, is that the process of hydrogen production and consumption is less efficient than battery charging and discharging.

[paul280i] 13/9/2019 07:33

If we all go for electric cars we better watch out for the extension leads trailing across pavements!

[plasybryn] 13/9/2019 00:02

Personally I think the future is Hydrogen. Batteries are too heavy, need recharging and don't readily provide a decent range. Hydrogen and fuel cells on the other hand can be filled up in the same time as petrol or diesel, has a similar range to petrol / diesel, is lite and the only emission is water. 100% clean. Already being used in ships, cars and various other transport. Agreed that the Infrastructure is behind electric charging, but growing. Also there isn't sufficient electricity to power cars if they all convert to this power source. The Govt is developing a Hydrogen plan and they are further advanced in the likes of Germany etc. Riversimple are building a hydrogen car in Wales although you can already by a Toyota. Other Japanese manufacturers are well advanced and Daimler (Mercedes) and I believe BMW are investing large sums in this technology. Shell UK built a usable hydrogen car (converted DAF 44) as far back as 1966. The car is now held by the British Museum.

[jc2706] 12/9/2019 23:02

It will be a long time before lithium is replaced in cars.

[paul280i] 12/9/2019 22:57

But for how long will Lithium be the metal used for batteries? For electric cars to be the transport of the future a more powerful and smaller/lighter battery needs to be invented, I would imagine that many companies are working on that at present and if a new material is found what will happen to Lithium miners?
Just my thoughts but I worry about what is around the corner.

[thanksamillion] 12/9/2019 20:03

Just seen a headline on Bloomberg that someone is predicting a clear-out in the Lithium mining sector, could be Kerims queue to step forward should it happen.

[charles clore] 12/9/2019 14:44

I wonder how many other would-be investors / institutions are sitting on the fence because they are uncertain of the cash being distributed to the JV partners, when it has become clear that even the experts on this thread cannot agree!

[thanksamillion] 12/9/2019 14:37

m20ash

Just reviewed the annual report RNS and you are quite correct, some dividends have been received.

[m20ash] 12/9/2019 14:14

I believe from what I have read in the accounts and RNS updates that both loan repayments and dividends are being paid to the parent companies by the JV.

[thanksamillion] 12/9/2019 14:05

Remember the cash returned to AAU is repayment of loan so far, not distribution of profit/excess cash.

[m20ash] 12/9/2019 13:56

The value of the JV is shown in AAU's accounts at 50% of the net asset value as at the balance sheet date so the value is fully reflected.

[bigglesbingham] 12/9/2019 12:58

AAU receiving regular monthly payments from JV according to PG note I think they've received 2.9m to date?? Would need to check but can't at minute.

[backmarker] 12/9/2019 12:54

would I be right in thinking:

1. the JV is already making more cash than it is paying out in loans, so should have a net cash balance;
2. that because the cash is in the JV then it is not reflected in AAU's assets unless they revalue the book value of the JV in it's own accounts, or the JV makes a cash distribution;
3. the JV has not yet made a cash distribution - please correct me if indeed it has.

in which case the assets of AAU may possibly be understated ?

[ironstorm] 12/9/2019 11:04

CC I agree once the debt is gone this will disprove a lot of doubters. Any news on cashflow in the meantime will help.