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Arianne Phosphate Inc V.DAN

Alternate Symbol(s):  DRRSF

Arianne Phosphate Inc. is a Canada-based development-stage phosphate mining company. The Company is engaged in the development of its Lac a Paul phosphate deposits located approximately 200 kilometers (km) north of the Saguenay/Lac St. Jean area of Quebec, Canada. These deposits produce an igneous apatite concentrate grading 39% P2O5 with little or no contaminants. The Company is specialized in the extraction of independent phosphate rock. The project is an undeveloped phosphate deposit globally. The Company’s phosphate is used in fertilizer production, preservatives, animal feed, fungicides, water treatment, the beauty industry, metallurgy, and advanced battery technology. The Company's subsidiary is 9252-5880 Quebec Inc.


TSXV:DAN - Post by User

Bullboard Posts
Comment by Kemano02on Oct 19, 2019 6:05am
132 Views
Post# 30246808

RE:RE:Boys, this really is a game of patience . . .

RE:RE:Boys, this really is a game of patience . . . Great post Undercover, nails what is going on perfectly.

I also know Brian and the board, the last time i talked to Brian was two years ago when he complained about the share price.  Basically told him, are you kdding me.  The share price is a barometer of what the market thinks about a company.  The market does not lilke Arianne and does not think you can pull the development of the mine off.  Obviously he did not appreciate the comment, but knew it was reality.

Now the mining sector was hurt badly by the lack of interest in the mining sector and surge of money to the pot industry.  but still quality rises to the top and they could not do it.
Brian is a great promoter of the company and yes a nice guy, but not the guy to get the company across the line to development.  He had no experience.  The board also did not jump in like they should have to assist.  Although that could be agrued.

this project is in serious trouble.  I am concerned that their feasiblity study is going to have to be updated, banks need current numbers and the study is getting old.  There is no money, and the finances for the company are definitely not good.

Anyhow, everyone has to make their own decisions and do what is best for them.  i have and am now watching from the sidelines.  There are many other better investments out there and the market has shown Brian and the few other employees left that the level of confidence in them to bring this project forward is not encouraging.
Bullboard Posts