Ariana Resources Share Discussion Threads

[charles clore] 11/4/2021 16:52

Maybe the company is following its usual approach - under promising but over delivering. This helps the shareholders and prevents the share price from running away before it gets too unaffordable!

[plasybryn] 11/4/2021 16:02

Soulsauce: I'm not a great fan of Yellow Jersey. Never have been. This article should be mentioned somewhere for goodness sake. Have they or the Co. done anything with it? Who knows? How did IBLONDON come by it I wonder? Perhaps I'm doing them a disservice.
But I've emailed Yellow Jersey, and copied in Ariana Resources plus I've sent a brief extract to Venus Minerals and Ariana's Twitter pages. It seems strange the initiative appears to come from our end but regretfully as we have discussed many times on this forum, that is par for the course. The Co. & their appointed PR representatives need to be far more pro active in my opinion. I've been involved with Open Orphan (ORPH) of late and the Chairman there (Cathal Friel) is absolutely amazing with his communication. The shareholders love him. The webinar hosts love him. If only Ariana could pick up a tiny element of his skills, his enthusiasm, his excitement and his clear desire to make his investors wealthier, we might be twice the current share price.

[plasybryn] 11/4/2021 15:51

This article was posted by IBLONDON on LSE earlier today. Enjoy.
Venus Minerals has started diamond drilling in the Troodos, and this means that Cyprus will soon be able to take advantage of the rising demand for copper.

“Cyprus can play a large part in this market,” commented Peter van der Borgh, managing director of Venus Minerals, a Cyprus-based mining and exploration company in operation for 15 years.

“Based on diamond drilling in combination with today’s computing technologies, we’re able to model these resources quite precisely and do some fairly accurate estimations of what we believe the metal content is,” van den Borgh told the Cyprus Mail in an interview.

“The sharp rise in the demand for copper, which is the largest Cyprus resource, is not transitory,” Van den Borgh insisted. “It’s linked to the overall global quest to tackle climate change. Demand for copper will be increasing over many years to come. While Cyprus deposits are smaller than, say, the massive deposits in Peru, they are very high grade. They’re good economic deposits. And the concentrates and the products that they produce are renowned for being good quality. So I think Cyprus in general will always have a place in that market.”

Over the last year, Venus Minerals has reclassified three of the resources within what it calls the Magellan project. And we now have a resource base of about nine and a half million tonnes of ore at a grading of about .65 per cent. copper. So that’s obviously a very good base on which to build.”

For now they’re just copper, but Venus Minerals has found that these resources have gold and silver and zinc in them as well. “We’ve got a diamond drilling rig working at the moment, which drills the core and we’re taking samples out to analyse for gold and silver,” van den Borgh explained.

“So we have found a good supply of the metals we started out looking for. We’ve done a lot of confirmation on what we thought might be there. Now that is we’ve got a nice resource base, some of these things look like opportunities for further development. We’re still working on which resources are worth extracting, and we expect to make that determination this year,” he continued.

“For now, the shareholders are happy,” he noted.

In terms of technology, Venus makes use of the latest and most advanced. “Modern technologies are engineered to be more productive, they’re more streamlined. Mining today is a very much more sophisticated operation than it was 30 to 40 years ago which is when there last was any really serious mining in Cyprus, back in the mid 70s. So over the last 45 years, the mining world has come a long way on many levels. Mineral processing technologies have also advanced significantly. The recoveries are all more efficient, more cost-effective than they were 45 years ago,” van den Borgh said.

“Automation, for example, has advanced greatly as well. I’ve worked on mine sites where you don’t see very many people and a lot of tracks are automated, a lot of the underground works are done via autom

For van den Borgh, this is one of the main areas that’s changed in his 30 years in the industry. “The safety elements are very, very different. Every decision made in mining operations now has health and safety at the core of it.”

How have these changes affected the industry? “I think there was a chap by the name of George Jones, who said in a recent speech that when he started mining in the in Western Australia back 40 odd years ago, there were four deaths in Western Australian mines, and there were no shark attacks. The day he gave the talk, there were four deaths by shark attacks and no deaths in the mining industry.”

Mining today is also done with great care for the environment. “We do use a lot of low impact, high tech methods these days. So we use we have a lot of instruments now that we can take out into the field, rather than having to dig stuff up and send it back to the lab for analysis,” van den Borgh pointed out.

“I think, on the mining side, the general technological developments themselves, in addition to the much-changed ethos, are good, with many geared towards improvements, both in terms of economics and also in health and safety. I think the whole industry is just moving forward in that direction on a great many levels.”

The regulatory side has also stepped up, he said, “and they’re much better at setting the guidelines, setting the limits under which we operate. Monitoring has also received clear guidelines, so that we know what these obligations are exactly.”
Van den Borgh and his company are at the forefront of a larger effort that is bringing mining back to Cyprus. These companies will certainly be a source of jobs and growth in the future.

[soulsauce] 11/4/2021 15:38

I always like Plasybryn's unerring confidence in Yellow Jersey 😄

[bigglesbingham] 11/4/2021 15:32

Ducks lining up

[bigglesbingham] 11/4/2021 15:32

?d just post it if theyve put it on LSE theyve done it for a reason , to give to wider audience so I'd just post pal.

[lottsgold] 11/4/2021 14:57

Just had a read on LSE, nice to hear something coming out of Venus. Have high hopes for Cyprus yet. The aim there will be an economic resource this year which could be significant with gold, copper and zinc grades imho

[plasybryn] 11/4/2021 11:49

Sorry Lottsgold. I get that and yes I agree these results are very important imo as they should give us a confirmed extended life of mine. Much needed for investor confidence. Something that has been a bee in my bonnet for a long time.
Incidentally there is a good post on LSE today. It's an article with comments from Peter, CEO of Venus Minerals. I'll ask the poster if I can copy it across. Sounds positive. I've also asked Henry at Yellow Jersey if they plan to publish it to a wider audience?

[pharmoutcomeszzz] 10/4/2021 21:23

After the last results announced, and with some knowledgeable foresight no doubt, I’m wondering whether it’s a question of delaying disappointing news until after a raft of good news has come out?

[lottsgold] 10/4/2021 20:56

Sorry Plas I was referring to the drill results hopefully get a nice expansion of the resource very soon?

[bigglesbingham] 10/4/2021 19:13

An opportunity lost in my opinion. For a share that moves on news to lose an opportunity to confirm production which has always been exceeded seems ridiculous to me and another example of how poorly Ariana understand the importance of communication. Great fundamentals which will show through but no understanding of PR.

[plasybryn] 10/4/2021 12:14

Results are 6 monthly now as confirmed in a recent RNS I'm afraid.

[lottsgold] 10/4/2021 10:34

Nice Plas, forgot the Kiziltepe results which are due any day too! Once the flow starts it will be constant, if it coincides with the PMs recovering it will give us a real chance at new ATH's over the next few months. Great time to build a position...unfortunately I have to buy a house, the Mrs has put her foot down so can't put more in for now.

[soulsauce] 10/4/2021 08:41

Nicely Plasybryn 👍

[plasybryn] 10/4/2021 08:19

@ArianaResources Eagerly awaiting update on Tavsan (EIA etc) confirmed Special dividend Court dates & payout details, Salinbas progress, Cyprus drill results and strategic investment news. Bit of a back log guys!!?.

[plasybryn] 10/4/2021 08:19

Posted this on Twitter this morning.

[bigglesbingham] 09/4/2021 20:13

Doing my mine Monday with proceeds of my 3SIL silver play

[risa5] 09/4/2021 19:00

It is slowly coming out of hibernation another blue day.

[johncasey] 09/4/2021 18:11

i piled in today at 4.6p...this is a sleeping giant ,just needs waking up

[renniks2016] 09/4/2021 18:09

BB- totally agree, today saw this years ISA allowance taken care of. :)

[bigglesbingham] 09/4/2021 16:12

It's such a silly price. I've added 4million under 5p I just cannot see the value share price disconnect lasting much longer.

[kirbs4] 09/4/2021 15:21

Won't they need to wait to announce anything because of the director share dealing recently?

[konil] 09/4/2021 14:13

a holding rns might do more harm than good. i'd rather they rns'd substantive progress either operational or corporate when they have achieved it. just a thought...as keen as everyone to hear good things!

[charles clore] 09/4/2021 13:55

soul - hear hear!