Ariana Resources Share Discussion Threads

[plasybryn] 17/2/2023 21:42

But it helps to build a clear picture of intent which is especially helpful for new and potential investors. Hopefully the Tavsan numbers won't be that far out and how helpful would it be for the Co to update those as actual progress is made. Even at the time i thought the Salinbas timing was optimistic but i guess it shows that the Co thought that was possible which in itself is highly encouraging. I still more than half expect the JV to sell Salinbas once a decent resource is established and perhaps that is why they also felt the timing didn't need to be too precise.

[dixi] 17/2/2023 20:33

I must admit I'm not that bothered if Salinbas is approaching the end of the decade. So long as the market starts to price in the potential.

[shortarm] 17/2/2023 20:09

Jeez, woe is me!The end is nigh, how do you people drag yourselves out of bed in the morning?

[jaynesdad] 17/2/2023 19:55

Trouble Plasbryn is that a Gantt chart is only relevant if realistic. In the Nov 21, April 22 and Nov 22 presentations we have a pretty graph in the 'Turkey: Growing Production' section saying Tavsan c.15000 oz in 2023,c.27500 thereafter and Salinbas c.25000 oz in 2025 and c.50000 in 2026 and beyond. Does anyone, no matter how glass full, on this board believe any of that for a second? We'll be hard pressed if Salinbas is in production much before the end of the decade.

[soulsauce] 17/2/2023 15:46

Indeed Plasybryn. They like to keep us guessing or closer to the mark they don't have a care for keeping shareholders properly appraised on ANYTHING!!

[plasybryn] 17/2/2023 15:04

Yes soulsauce. I can think of just the thing...a nice clear Gantt Chart setting out the milestones and projected timings. Easy to read, succinct and all the info. you need on one slide. With such a supposed short timeline to Tavsan production how can they try a fob us off with the worn out excuse that we don't want to state timescales which we might miss due to them being outside our control. We all appreciate that sometimes things don't go exactly to plan but it would give us all a nice clear statement of expectations.

[dixi] 17/2/2023 13:16

Well they appear to be 'hiding' something about Apliki as it stands.

[konil] 17/2/2023 12:30

soul, agree it could be later but q1 (or even q2 but hope not) is ok as long as there are no further hiccups.

as for meaningful updates...i've given up on those...they don't want to provide them...i no longer care so long as they are not hiding bad news. if they dont up their game after tavsan is in production i'll start getting concerned again.

[shortarm] 17/2/2023 12:05

Ok, and a project leopard license grant for long term Hot Maden type excitement.

[shortarm] 17/2/2023 12:03

13 million profit from 58,000 ounces would provide a decent dividend leaving plenty on top of what's already in the bank!Totally agree Soul, very detailed RNS required for both Tavsan and Apliki!

[soulsauce] 17/2/2023 11:49

konil as we appear to be funding the mine (tavsan) ourselves I think you will need to keep them in the bottom drawer until Q1 24.
That said the extra 3 months are worthwhile if we are not getting a loan.
And to be honest we have been waiting so ridiculously long for Tavsan now another 3mths isn't going to make a lot of difference.
But, like Plasybryn, I would like a full and frank Rns of what has been done and what is required to complete for production. Even some twitter pictures might help 🤔

[thanksamillion] 17/2/2023 11:02

Welcome to the badge of honour club kaos3, many of us have been members for some time.

[konil] 17/2/2023 11:00

plasybryn, completely share your frustrations as you already know. i've decided to put these in bottom drawer until eoy when tavsan should start up and review then. rns's meantime about alomost everything else of minor interest simply because everything else is so far off it does not move the needle.

only substantive news i want to hear about asap is what are they doing about apliki?

[shortarm] 17/2/2023 07:32

We only have until the 1st of March to execute a formal agreement on the 4.8g/t resource at Silvova. News next Tuesday anyone?

[shortarm] 17/2/2023 07:13

Kaos, I think I got the magic tick for calling him sad :-DHurray :-))

[shortarm] 17/2/2023 07:11

Cannot disagree with anything you have said there!It is disappointing but I also remain very positive as it could have been a whole lot worse and is elsewhere! My first AAU purchase was on the 21st September 2010 - bargain lol

[plasybryn] 17/2/2023 06:59

I do try to remain positive but at times my annoyance gets the better of me. I probably first invested here 12 years or longer, so i've lived through a lot of its growing pains and my shares are free carry. As Biggles often points out the strategy overall seems sound and has the potential to make us all much better off than we are today but it is the lost opportunities to promote itself that seem so obvious that gnarl me. Like the parable in Matthew about the misuse of talents.. I also find the way the Co has closed itself down to direct shareholder contact very annoying & disingenuous.

[kaos3] 17/2/2023 06:51

JD - I was offended because I did not get the tick down ... sharing my thoughts a day before yesterday ... so why on earth I did not get tick down ... I deserved it in a big way imho ... and my friend shortarm ... always supportive ... gets tick down...

so it probably it is not about towards/against share price criteria
must be more emotional ... liking/disliking the vibe of the postings

[shortarm] 17/2/2023 05:42

You can tick up without paying - you only pay to tick down. Rather sad really but Plasy and Soul can sometimes be a little overly derisive about the companies achievements to date? No?

[jaynesdad] 17/2/2023 01:11

Soul, Plasbryn
Why are you 2 always given a thumbs down? Seem to talk a lot of common sense to me.
I can assure you that if I ever become less of a cheapskate and upgrade my status then I will be sure to tick you up xxx

[plasybryn] 16/2/2023 20:15

Not to mention a proper explanation of what is occurring in Cyprus. The regulatory rules regarding what must be contained in an RNS (value influencing news) seems way too slack allowing Directors to get away with murder. Shareholders have to combine if they want to put the brown stuff up Directors imo, otherwise they on AIM they can be treated like brown stuff.

[plasybryn] 16/2/2023 20:10

Surely a full update on Tavsan is well overdue. Shareholder's interests disregarded. True or false. Where are we on permits, a DFS, financing, heavy gear ordering, construction, etc etc. Let's see the milestones and timings. For a 30,000 oz per annum second mine of which we own 23.5%, all these important milestones should be shareprice accretive. Waiting patiently as usual.

[plasybryn] 16/2/2023 20:05

The last proper update on Tavsan other than drilling was 6th April 2022 unless i'm mistaken, when Kerim said "Essential freehold land acquisitions have also been concluded recently, allowing for the construction of mine infrastructure. Following the Environmental Impact Assessment, the necessary forestry permit applications were submitted and presently remain under review with the Government. Mine construction is expected to commence during Q2 2022, once the required permits are finalised and bank finance has been approved."