Ariana Resources Share Discussion Threads

[xow98] 17/11/2023 21:43

Ariana Resources plc
@ArianaResources
·
9h
Dr. Kerim Sener, will provide a corporate presentation at 1:30pm 30/11/23 in the Angel Suite @Hilton Angel Islington Hotel (next to the Business Design Centre/Mines&Money), N1 0UY. To attend or set up a meeting on the day, please contact: [e-mail].

[soulsauce] 17/11/2023 20:09

Well the fund was but Asgard was an entity, off shoot of the company from many years previous in which some small investments were made.
Although great work from xow has cleared up much of the fog, things still aren't fully clear as to exactly how much remained of the funds from the sale of the lithium project and other investments and why it was sat there doing nothing for 3yrs.

[trevor1234] 17/11/2023 19:56

Sorry only just got back from work so am a bit late to the discussion on Asgard
I was under the impression The Asgard metals fund was set up around the time that ozaltine made their investment in the company and procea bought into Salinbas
Where was it ever mentioned that the money came from the very good Kerim investment of a few years before
I don't think the fund is as big as £3 million ?
I think we need to know

[konil] 17/11/2023 17:20

near term excitement is tavsan, on that we can agree. i hope it takes the share price back to 6p and beyond.

but it takes a very long time to get others into production. a way of bringing some potential closer is to find opportunites to get into and to exit at some point along the value curve without waiting for production. so, maybe 2 or 3 or 4 or 5 years, but not 10 or more. then rinse and repeat with profits. is this what ks is doing? how does he intend to get to 500m mkt cap?

[soulsauce] 17/11/2023 17:20

Konil 'but it's at this stage that one gets relatively cheap 'in' with big increases to come'

Hmmm it's to be hope KS has better luck at doing that with these companies than he did with his own 🤔

[konil] 17/11/2023 17:12

soul, "All of those investee companies too far down the line for my interest konil."

ha ha, i read your comment the other way, i interpreted that you wanted earlier stage investments, these being too far along!

so we may have to agree to disagree, because these relatively early stage companies (but not completely embryonic) are what ks can offer us. these companies would not be interested in me as a pi, at least not until ipo, so i would not have the opportunity to get in at this early stage, even assuming i had a way of finding them.

but its at this stage that one gets the relatively cheap 'in', with the big increases still to come, and this is what ks is offering us through the asgard metals fund. a further big plus is the aau consultancy input which provides detailed info to aau about the investee company which will help ks decide course of future action in each case.

i dont expect ks to remain invested with all of these until production, often the big increases have happened before that and i'd expect ks to exit some at a good profit much before production. (some he may hold on to.)

given 1 and soon 2 producing mines, a large 3rd on the way (maybe sold prior to production?), and a 100% owned embryo (leopard), plus partnerships in other ventures (venus, wtr) - the asgard metals fund provides a different dimension i.e. exciting incubator opportunities.

[soulsauce] 17/11/2023 15:58

We will agree to disagree on that konil, as I say they are far too early in the baking for me. At this moment I time I am not looking much past Tavsan production.

doinnnuthing without the Hellenic equipment all we have done so far is for nothing in Cyprus unless the price of copper significantly increases.

[konil] 17/11/2023 15:35

soul, if aau employees are spread too thin then they need to hire more...of the correct calibre of course...not always easy to find.

but taking interests in a number of early stage companies is a good use of funds directed at aau's strengths. i wouldn't be surprised to see aau exit some of these with a profit well before any production. providing consultancy input gives aau a very close look at what the investee company has, which can inform on best course of future action.

my preference is not for very early stage, most of those go bust, i guess ks is selecting with some regard to likelihood of investee company survival and management credibility / track record.

its a pity aau has gone from 6p to 2p, its been a very hard hit but patience could pay off in a big way.

[doinnuthing] 17/11/2023 14:48

My thoughts about Apliki:
1) If it is/was so good why did not the existing owners develop it : they own it and have the equipment and experience?
2) If we go into the JV how much do we pay for the privledge as we are not really adding anything to the mix (see point above)
3) If the new JV entity which has Apliki in it how does this help the other Cypriot assets of Venus as we would have to pay/ give away resources to use the equipment for processing. Unless Apliki JV existed solely for the Apliki resources then again see 1 above.
Maybe, just a thought, the best solution is that at the Venus IPO The Hellenic Copper mines buy into the IPO and then sell in Apliki / equipment to Venus. The equipment is then available for the future (if it is required for the other Venus assets) without having to pay process fees / sell in resources. It would create a three + ownership of Venus:
AAU, HCM, Harry Adams and whoever else buys in at IPO time which there would have to be for it to be listed.

[soulsauce] 17/11/2023 14:29

All of those investee companies too far down the line for my interest konil.
I would rather Ariana employees dedicated all their time to our own projects and shareholders personally.

As for Apliki, unless the copper price increases significantly, Cyprus is a busted flush without it.

[konil] 17/11/2023 14:08

soul, happy to see it progressing now. let's hope one or more of the 5 investee companies comes good in a big way. and i guess ks will be seeking more investments with the remaining asgard funds.

much like apliki, nothing to be done about previous lost opportunity but would like to see it progressing now - though dont know if it will, even after venus ipo.

if it is resurrected it could be a massive boost. if permitting is still in place it could be a third producer within 18 months.

[donald pond] 17/11/2023 13:51

When do you think we'll get news on salinbas? I guess to the nearest decade will do.

[bigglesbingham] 17/11/2023 13:39

Kerim was exceptionally pleased with the drilling results at tarsvan and I believe it will be significantly better than kizeltepe

[paul280i] 17/11/2023 13:12

I have had the impression for some time that Zenit were aiming for 50k oz at Tavsan, I think that must hace come from remarks by KS at one of the presentations I attended.

[soulsauce] 17/11/2023 12:36

Yes konil the only question remaining is what happened with it for 3yrs between sale and start of Asgard fund and why such a fund was not started earlier 🤷‍a94;️

[konil] 17/11/2023 12:31

soul, i am only interested in what's happening with the a$3m, presumably that was the amount in the asgard metals fund, as a result of ks's success in turning 30k into 3m. or maybe i'm under a misconception?

according to rns asgard metals fund was launched july 2021.

[shortarm] 17/11/2023 10:37

In the IMC presentation (on the website) MDV mentioned the improvements to Tavsan and how that might affect the Zenit production profile.50,000 Oz per annum anyone?

[xow98] 17/11/2023 09:46

Charles, they don't like talking to shareholders / investors

[shortarm] 17/11/2023 09:30

Gold 1990....

[charles clore] 17/11/2023 08:53

I predict a few more top ups now that the code has been broken. Well done Xow, ?ut why couldn't the company have explained it to investors like that?

[xow98] 17/11/2023 08:15

Couple of top ups

[bigglesbingham] 17/11/2023 07:43

Great research Xow. Shows the excellent potential here. I see what they are doing, Kiziltepe funding tarsvan, tarsvan with no debt giving solid income stream. This income stream providing funds to develop the business and they have said dividends. Then there is the next stage of Salinbas with all its exploration prospects. West tethlyan Resources 75 percent, Venus 58%. Project Leopard. So in a nutshell solid Monetary foundation supporting near term production, excellent exploration projects along with a seed fund where we have full exposure to projects which investors don't because we are involved with the drilling. It's a very sound business model. Along the way there will be one off payments I'm sure made to shareholders as projects are wrapped in a bow and sold to market. I just wish this massage was put to the wider market in a clear straight forward way on a regular basis.

[soulsauce] 16/11/2023 18:54

Cheers xow, good work 👏

[xow98] 16/11/2023 18:30

2021 AFS

In addition to advancing our long-term interests in south-eastern Europe, the Company also commenced investing in high-impact early-stage exploration opportunities via the Asgard Metals Fund. By year end, the Company was invested in gold and nickel-cobalt exploration in Western Australia and the Northern Territory, and in gold-copper exploration in Kazakhstan.

Post-period end, these were joined by an investment in gold-copper exploration in Laos. As part of this investment strategy, we are actively engaged with our investee companies and provide regular input into their exploration programmes, while their teams in turn provide in-country experience and leverage.

2022 AFS

Asgard Metals is a wholly-owned Australian subsidiary of Ariana, now operating as the Asgard Metals Fund (“Asgard”;). The company was established initially to focus on technology-commodity opportunities globally and was successful in identifying several early-stage lithium exploration projects in Western Australia and the Northern Territory.

These projects were vended to two ASX-listed companies in 2015 and 2016 for a combination of cash and shares, which established the financial basis of its future business. The remit of Asgard has been broadened to encompass “Project Catalytic” investments in selected companies with interests in high-quality early-stage exploration project opportunities.

Such investments are being made within listed companies and in private companies which are demonstrating the capacity and desire to list on the ASX or LSE stock exchanges in particular. Asgard is specifically focused on the discovery stage of mineral exploration projects, where the full capabilities of the Ariana in-house exploration team can be applied.

Investments held by Asgard during the year included those in Panther Metals Ltd (ASX: PNT), Pallas Resources Ltd and Annamite Resources Pte. Ltd., among others.

In Australia, our nascent discovery fund, Asgard Metals, achieved a number of milestones of its own. In addition to completing three substantial investments, it also established a trading account through which it may participate in corporate offers or trade securities on the ASX market.

Meanwhile, our technical team has contributed to the exploration programmes of our investee companies across a variety of jurisdictions, but perhaps most notably in Western Australia, where a substantial nickel-cobalt JORC Resource Estimate of 70.6Mt at 0.7% Ni + 460ppm Co was established for Panther Metals Limited.