Ariana Resources Share Discussion Threads

[thanksamillion] 09/5/2020 17:56

Yes, thanks for sharing those explanations with us.

[soulsauce] 09/5/2020 17:22

Many thanks for the feedback Plasybryn.

[plasybryn] 09/5/2020 17:17

This is a few snippets from the Open Chat Room. I believe there were four people in total asking questions including Paul & I.
Kerim said it would take about 3 years to work through the resource drilling, feasibility & EIA for Salinbas. Permiting is unknown and could add to the timeline.
Re; Proccea Kerim said Proccea will be earning into Salinbas during the period of the earn-in by the incoming party. Proccea will also be managing the enlarged J.V. and its individual projects. The value of their financial contribution in this sense is similar to the incoming party at the moment of earn-in commencement, The mgmt terms will be specified in the JV documentation.
Kerim also said in respect of Kiziltepe - "I have long stated that I believe we have a 10+ year total mine life".
Re; Tavsan he said contingent on securing the EIA which is currently with the Authorities and on track, and the necessary forestry permits, then we could see ourselves moving towards production in late 2021" He also said this to Tom W. In normal circumstances they would have expected to clear the EIA during this summer.
I asked him about the Underground story. He replied "it is a little early to say specificall. What I can say is that the current resource block model extends significantly below the current Arzu South pit and along the NW extension. So much so that we probably have perhaps double the total Arzu South resource which cannot currently be mined by open-pit methods. That seems like an awful lot of gold to leave behind! And that is based on what we already know ....."

[plasybryn] 09/5/2020 16:56

Ariana was one of Nigel Somerville's tip for the Shareprophets day and Tom interviewed Kerim for about 30 minutes. Tom also seemed very positive but decided not to add AAU to his tips for the day as Nigel had already selected it. Kerim is still in Perth but came over enthusiastic, confident and very assured imo about the Co's future.

[soulsauce] 09/5/2020 16:24

Brilliant Plasybryn thank you.

[pedr01] 09/5/2020 16:12

Thanks Plas ...

[plasybryn] 09/5/2020 16:04

This is what Kerim said in the Chat room today in answer to my question. Kerim: Yes - in terms of dividend - if we pull off the deal our intention is to do a one off special. He also said:
Doing the deal is important for us as it would allow us to "grow the pie", so that out slice, although smaller, would ultimately constitute a greater value for the company. Plus we would be partially cashing out, giving us a great deal of optionality on developing our overall portfolio and potentially paying a dividend.
our slice

[renniks2016] 09/5/2020 15:57

Some good questions Paul, but I’m not that convinced BOD intends one off divi, as implied in KS’s Proactive interview a few weeks back, I think to road map going forward is clear, with plan A and plan B, certainly seems like KS much prefers the 3 way JV as this enables him to prove up, develope existing and undertake further exploration, adding further value to the 100m entity. IMO.

[paul280i] 09/5/2020 14:37

Some chat going on.

[thanksamillion] 09/5/2020 14:26

I would prefer a smaller one off divi and the immediate start of regular divi with the saving. It signals intent, rather than "might be a regular divi sometime."

[risa5] 09/5/2020 14:18

Whats going on is anybody in the chatroom now?

[soulsauce] 09/5/2020 13:45

To be honest I didn't expect a regular divi for a while yet but would expect Kerim to make the best of as much of that JV money as possible in the form of a one off divi.

[paul280i] 09/5/2020 13:21

Can anyone see anything in the Chat Room relating to AAU?

[renniks2016] 09/5/2020 13:08

That's handy! The 'chat room' is full, so much for £9.99 being well spent!

[carcosa] 09/5/2020 09:38

Nothing too excitingly new from the hxxp://www.sharesconference.com/ pre-recorded presentation.

Working capital $8m JV debt payment to be completed Oct 2021 (not new, and often overlooked)

Dividend. Intent but a lot more development required, especially Tavsan. So regular dividend perhaps early 2022?

New JV initial principle delay due awaiting UK consulting company.

[someuwin] 09/5/2020 09:21

In what way did you truncate the password?

[catsick] 09/5/2020 09:10

Ok I got on have to truncate the password for some reason

[catsick] 09/5/2020 09:08

Can anyone log into this conf website? I have paid for and received the ticket but it wont let me log in which is as would be expected for the usually useless level of service and software shareprophets achieve

[paul280i] 08/5/2020 20:23

You should, we go for lunch afterwards!

[charles clore] 08/5/2020 19:24

My apologies Paul, I haven't attended an AGM before.

[crossfirecssf] 08/5/2020 19:04

That's a very pretty ascending triangle. Break out looks to be days or a couple of weeks out. Can't be much longer IMO. Unless... the boogie man strikes again. It does need repeated though. What a fine example management are making of demonstrating how to run a resource operation. 'Gold exploration and mining 101 for dummies'.

[bonehanmer] 08/5/2020 18:21

Just brought my ticket for tomorrows event and looking forward to hearing from Kerim. Biggles I agree, expecting a very positive week after this.

[paul280i] 08/5/2020 18:18

The AGM presentation and Q & A session has lasted that long.

[charles clore] 08/5/2020 15:50

Presenting and answering questions for a whole 2 hours. Has to be a first for Kerim surely.

[shares_investor] 08/5/2020 14:56

Ariana is presenting online tomorrow which may be of interest to those here -