Ariana Resources Share Discussion Threads

[thanksamillion] 27/2/2023 11:26

Charles, the time line.

Nothing awry with my health at mo thanks, but 5 year timeline shown does not include mine building and plant so production may be happening say 2030-33. By which time I will be at or near 80...as will a lot of others on here.

[soulsauce] 27/2/2023 10:53

The last Q&A was on 10th August 22. It's worth reading some of the comments made on that day and subsequent days.

[jaynesdad] 27/2/2023 09:04

I am assuming that this investor meet will be preceded by some significant news?
I too hope that the Board are not as dismissive as the last time when I felt they were downright rude and avoided any awkward questions.
Having attended presentations in the past I was very unimpressed with their behaviour at that meet.

[different world] 27/2/2023 09:00

Yes, thank you biggles. Its a start and maybe there will be some positive revelations announced too.

My gut feeling is for some pleasant surprises strongly to the upside.

[soulsauce] 27/2/2023 08:44

Yes well done to bigglesbingham.

Can someone dig the questions out from last year because I am sure 95% of them are still relevant.
I guess what I am saying is I just hope Kerim, and particularly MdV are not as dismissive of the questions this time and look at it as a means to improve and not a shareholder whingefest.
It would be nice if the platform allowed some come back to be able to challenge answers.

[shortarm] 27/2/2023 07:20

Would just like to say Well done and thank you to Biggles for prompting this!!

[shortarm] 27/2/2023 07:11

Skiing in Åre that week so no live watch for me :-(

[dixi] 27/2/2023 07:10

Ok, that's me signed up!

[actonovator] 27/2/2023 07:08

Ariana Resources plc ("Ariana" or "the Company"), the AIM-listed mineral exploration and development company with gold mining interests in Europe is pleased to announce that Dr. Kerim Sener and Michael de Villiers will provide a live presentation and a Q&A session via the Investor Meet Company platform on 15th March 2023 at 11:00am GMT.

The presentation will discuss the latest developments with the business.

[charles clore] 26/2/2023 21:06

Thanks - what makes you think that?

[thanksamillion] 26/2/2023 20:15

Doubt I will be alive to see the completed mine.

[different world] 26/2/2023 16:36

Due diligence over then - some positive news on the horizon?

[renniks2016] 26/2/2023 13:28

Euro 35,000 cash payment at the end of 6-month DD period;
Definitive Agreement to be completed and signed.
Earn-In Phases

Stage 1:
Euro 30,000 cash payment on September 1, 2023;
If WTR elects to enter the Definitive Agreement, it will invest total Euro 800,000 during first two years from the Effective Date (minimum of Euro 150,000 must be spent by September 1, 2023, post DD Phase), for exploration, drilling, baseline environmental and social surveys, landowners, etc., for 51% of the project.
Stage 2: After completion of Stage 1, during the third year from the Effective Date, WTR will invest Euro 1,000,000 for NI 43-101 resource estimation, commencement of full Environmental Impact Statement (“EIS”), etc., for 75% of the project.
Stage 3: During fourth and fifth year from the Effective Date, WTR must complete the EIS, Feasibility Study (“FS”), and Mining License application, for 85% of the project.
Stage 4: WTR completes success payments to previous JV partner, Byrnecut International Ltd. (“BIL”):
Cash

Due Diligence (“DD”) Phase with exclusivity from September 1, 2022 (“Effective Date”) to March 1, 2023

Euro 35,000 cash payment upon signing;
Euro 100,000 investment during DD Phase; however if WTR decides to vacate the Project before completion of 6-month DD, minimum of Euro 25,000 must be spent;Euro 125,000 within 30 days of the first to occur:
Completion of a positive FS (minimum 15% IRR)
Avrupa or related party making a decision to proceed with development of a mining operation within the license area
Euro 125,000 within 30 days of issuance of a mining license for the Slivova Project, and
Euro 125,000 within 30 days of commencement of mine construction within the license area.
Gold

100 troy ounces within 30 days of commencement of commercial production (“CCP”);
175 troy ounces within 30 days of the first-year anniversary of CCP;
250 troy ounces within 30 days of the second-year anniversary of CCP;
325 troy ounces within 30 days of the third-year anniversary of CCP.
Stage 5: Avrupa participates in the mine build or dilutes to 1% NSR.

[shortarm] 26/2/2023 11:46

Six months due diligence period ends.

[xow98] 26/2/2023 11:31

(Alliance News) - Ariana Resources PLC on Wednesday announced that its 75% held subsidiary Western Tethyan Resources Ltd has acquired an option on the Slivova gold project in Kosovo.

[renniks2016] 26/2/2023 11:24

https://www.bing.com/fd/ls/GLinkPing.aspx?IG=3F50519BF8BD4F1CB9165116EA9B35AC&&ID=SERP,5146.1&SUIH=m70xfohJ5HbY41LfdPxs2A&redir=aHR0cHM6Ly93d3cuZ2xvYmFsbWluaW5ncmV2aWV3LmNvbS9taW5pbmcvMDgwOTIwMjIvd2VzdGVybi10ZXRoeWFuLWFjcXVpcmVzLW9wdGlvbi1vbi10aGUtc2xpdm92YS1nb2xkLXByb2plY3Qta29zb3ZvLw

[plasybryn] 26/2/2023 11:16

What is the supposed deal that expires 1st March at Slivova? Not aware of that one.

[charles clore] 26/2/2023 10:41

Mentor seems like a good all-rounder. Glad to have him on board.

[renniks2016] 26/2/2023 09:17

Mentor just tweeted- concluded due diligence at Silvova, nice picture of him and kids, the reason for doing what he does, man after my own heart. ??

[plasybryn] 26/2/2023 09:16

Mentor Demi on Twitter this morning.Nice picture - "Best way to conclude a Due Diligence over a project, is knowing for who and why you're doing it"At Slivova Gold Project in Kosovo.

[xow98] 25/2/2023 14:21

Spot on Biggles.

One target 8 years hence is just not good enough. Could be miles out in 6 years time and lower than we are today and still say they are on target. Any chance of a 1, 3, 5 year target so we can assess how they are progressing?

Interim targets with milestones would be good. Need milestones as progress might be great but markets might not be.

[charles clore] 25/2/2023 10:42

Biggles - are you sure the bod want any new investors in AAU? The impression I get is they are quite happy where they are. A nice bank balance and a nicely producing mine that will service the finances for years to come. Shareholders are simply a burden to be tolerated, not appeased.

[bigglesbingham] 25/2/2023 10:04

I think everyone is cheesed off at the lack of definitive progress or communication of progress along each project. By the way the shareholder has been Alienated over recent times means the board has lost an amount of trust which would easily be repaired with a few decent rnss but the days of trust in us but we aren't telling you exactly what's happening have been sacrificed. What's needed is up to date detailed information as to each project, what's happening with reviewing the broker but also how these individual components making up the business will potentially make the £500m market cap vision so eloquently put forward 18months ago. In other words what we've done, where we are, and where are we going and answer the simple question - why should someone invest in Ariana.

[shortarm] 25/2/2023 09:34

I just do not understand the joy of whining yet, maybe I'm not old enough? It achieves nothing, nada, zilch but if it makes you and Plasy happy then no need to filter. Biggles Is doing something about it, Plasy with all his business acumen is basically just flattening the battery on his phone!