Ariana Resources Share Discussion Threads

[soulsauce] 24/1/2024 18:10

Looks like a very reasonable list Plasybryn but as we know, what we expect and what we are fed is often wide of the mark.
Like you I hope Tavsan starts early Q3 instead of late with the threat of slipping into Q4.

Re Venus. Through my POW holding I know that it is still annoyingly difficult to get ipos away in this poor market. I honestly don't see it happening until copper strengthens much more and sustains above $4lb.

Re a dividend, I have had some thoughts on this and don't see it being on the agenda even when Tavsan is up and running. Given the cash has been allowed to run down as we have been building Tavsan from income, then I see this as a blueprint for future projects, by that I mean developing them from cash rather than hitting the banks for debt.
It would be good for the company to clarify the dividend situation at some time but they seem shy of doing this.

[plasybryn] 24/1/2024 17:33

NEWSFLOW
Optimistically I was hoping for the following in 2024. Many of these are pretty meaty milestones and would appear to be currently totally discounted by the market/investors. Anyone care to correct me or confirm that my dates concur with your understanding. Note we were told there is a "massive backlog in assaying", so this may impact negatively on drill/resource/reserve timescales
1. TAVSAN JORC updated Resource before end of January 2024. "Assays from Tavsan are taking priority". But is this going to slip? Seems optimistic now.
2. Kiziltepe JORC updated Resource & Reserve leading to an extended Life of Mine at Kiziltepe January or February 2024. I see this as very important. The Co. said "early 2024". This will confirm the amount of Tavsan/Kiziltepe overlap. The market should like that. I will!
3. Salinbas updated JORC Resource to be updated once lastest assay results received hopefully in Q1. New Resource could therefore be late Q1 or early Q2.Optimistic?
4. Hizarliyayla drill results late Q1 2024. Ongoing exploration. Desperate to get a feel for how exciting this is. Is it Hot Maden Mark 11? Could it be monetised sooner rather than later?
4. Venus IPO - can we hope for H1-2024?
5. Dokwe - complete D.D. and then Feasibility Study late Q1 2024.
6. Tavsan commissioning late Q2. Hopefully we will get progress reports.
7. Tavsan enters production early Q3.
8. Tavsan Steady state production by year end
9. Not sure what we are expecting from Project Leopard, Asgard or WTR, but I guess we should get updates along the way.
10. Statement regarding cash being returned to shareholders - Q4

[shortarm] 24/1/2024 12:52

3p dividend? That's five years away at least!12 million in profit next year plus any monetisation of Salinbas, Dockwe or WTR could see a special dividend. Remember a new JORC has not been released for Salinbas since 2020 and more drilling has been done in the last 3 years than the last 17 in total!

[cinoib] 24/1/2024 12:48

Shortman, hope you have some good L.E.D.'S to shine that far.
I see still a few dreamers here still. Maybe and just maybe if gold gets to 3,000 then Aau might make 3p

[shortarm] 24/1/2024 10:36

Copper up 2.2 percent, may shine some light on Venus?

[shortarm] 24/1/2024 08:49

108 reactions to the post on LinkedIn, decent following there!

[shortarm] 24/1/2024 08:43

Asgard notifying now being a substantial holder in Panther Metals Australia? Is it an additional 125k? Consultancy fees perhaps?Does that count as free money lol?

[plasybryn] 23/1/2024 22:41

Construction progressing well at Tavsan. Message and photo on Linkedin tonight.

[excellance] 23/1/2024 22:18

Wow 2p
Maybe this is a double bottom?
Still looks like a dog's dinner to me, still no clear path to success and worries about funding all of the projects, but at least the price of gold is still robust.
1p by Easter.

[konil] 23/1/2024 13:21

jaf, i have to keep reminding myself of the huge disconnect between investor timeframes and mining timeframes.

[jaf1948] 23/1/2024 13:09

konil,

I take your point and I had a similar thought when I posted it. But it still is effectively the same strategy which I presume they review every so often and agree to continue with it.

However, I went ahead on the basis that the market has had three years to understand and accept the strategy and the results (to date) show that it is not being very well received and people are not buying into it (pun inteneded).

[konil] 23/1/2024 13:04

jaf, they are not repeating the same thing over and over. they started a strategy and its still work in progress, long way to go before it finishes.

[jaf1948] 23/1/2024 12:51

For three years, the company has followed the same strategy with the same board and the same result which is a falling share price.

As Einstein said "Insanity is doing the same thing over and over again and expecting different results."

[shortarm] 23/1/2024 12:08

200k on the other exchange let go and 150k here!'They' will eventually run out..!Maybe even this decade lol

[konil] 23/1/2024 11:57

charles, good spot. most interesting.

does 2 things, whets the appetite (yipeee!) and reminds us of longish wait (hmmm) for many of ks' recent undertakings. but that's mining for you.

roll on tavsan production!

[charles clore] 23/1/2024 11:44

HTtps://twitter.com/PallasResources/status/1749641018776207596?t=wPaw5PmEkFVOwngUKAiP7A&s=19 Paula's resources

[shortarm] 23/1/2024 08:45

In March they will have had the project Leopard licenses for a year. You would imagine there are some rock chip samples floating around somewhere?

[jd 1965] 23/1/2024 08:45

I still believe this share will come good but getting ridicoulous 67% down in last 3 years...company needs to attract investors not lose them

[shortarm] 23/1/2024 06:25

Indeed, many are very similar.

[backmarker] 23/1/2024 06:23

Curiously enough, if for different reasons perhaps, the chart of AAL over the last year is not too dissimilar to AAU. Certainly the drop in share price is the same.

[backmarker] 23/1/2024 06:19

Add:-Why I'm sitting on my thumbs.

[xow98] 22/1/2024 21:54

Banishing myself until the next good news / AGM, whichever is sooner.