Ariana Resources Share Discussion Threads

[paul280i] 01/10/2019 13:50

I think I may go and watch some paint drying

[claretandbluedave] 01/10/2019 13:49

This isn't working very well is it?

[plasybryn] 01/10/2019 13:47

Only one question per person allowed. Not covered everything we asked in advanced paper format. Nothing really on Cyprus yet.

[paul280i] 01/10/2019 13:45

This is Blxxdy slow, lets go back to shareholders meetings

[jaynesdad] 01/10/2019 13:41

Talk amongst yourselves!

[mcmather] 01/10/2019 13:41

You have or the telephone line?

[paul280i] 01/10/2019 13:39

Now gone dead awaiting the first question

[plasybryn] 01/10/2019 13:06

Bit of slippage. Good it wasn't in the Gantt chart!

[paul280i] 01/10/2019 13:05

Difficult password to remember

[charles clore] 01/10/2019 13:03

If you are connecting to the conference call [phone] at 1pm don't forget the password 'Ariana'.

[claretandbluedave] 01/10/2019 13:03

Yes, on the call. Starts in a moment or two.

[plasybryn] 01/10/2019 13:02

Apparently starting in a couple of minutes time!

[paul280i] 01/10/2019 13:02

Phoned in again and only music, 2 mins to go I'm told

[plasybryn] 01/10/2019 13:00

You have to pay your phone bill Paul. Ha Ha. I've just got naff music.

[paul280i] 01/10/2019 12:58

Anyone on the call, holding on but line gone dead

[jaynesdad] 01/10/2019 12:56

No idea Charles, there may have been a variety of reasons for choosing AS to exploit first

[charles clore] 01/10/2019 12:35

JD - I am of the opinion that quantity of ore processed takes second place to profit. Do you think perhaps it was planned that Arzu South was mined first knowing that grades would drop slightly after 3 years but this would be more than offset by considerably more income to AAU as the loan was paid off?

[plasybryn] 01/10/2019 12:32

We need to build the Resource?reserves up at Red Rabbit before talking about increasing throughput. The aim is to get to a 10 life of mine up from the current 6 at 25,000 ozs p.a. I believe. I hope we will hear more about that this afternoon.
I think William Payne is probably best to answer the deep accounting questions.

[jaynesdad] 01/10/2019 12:28

Don't think the capital cost of a second ball mill is the problem. That will allow more crushed rock, which will be necessary as the grades are going to drop (as we leave arzu south) to maintain production at these sort of levels. That is why I think we may be closer to 25,000 oz this year than the 30,000 some expect - the board don't want a shock if the production slumps to, say, 22500 oz next year. I think we mustn't disregard the design of the plant - just because you shovel more and more rock in one end there is a finite amount the rest of the plant can process before it comes out the other!
Sad that it is only Kerim today, he may be MD but he cant really be expected to field complex accounting questions the was MDV could.

[charles clore] 01/10/2019 12:11

soul - agreed. The cost of purchase and installation could, of course be a slight problem.

[soulsauce] 01/10/2019 11:50

May be Charles assuming they had the resources to feed it however I am not sure a doubling up of ball mill would necessarily mean a doubling of production as it would probably allow them more down time for maintenance.

But even 35k oz would be a massive increase in income.

[plasybryn] 01/10/2019 11:32

Today was going to be Co-hosted by Kerim & Michael. Now only Kerim!