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Ariana Share Discussion Threads
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|Chart beginning to look oversold, any good news should have a profound effect! GLA keeping the faith.|
|mcmather: and so they should. They are a very small team but have achieved a lot in a short time.
Weather has thankfully been on their side and also helped Proccea finish the job at the mine.
It seems odd that we should be in a position ahead of a build up of such important news, all potentially going to hit the market in the next few weeks.
1. Salinbas update
2. Drill results
3. First gold pour.
Even if the share price is lack lustre & the gold price is controlled by supposedly the central bank (US$) protection team, I'm very excited the wait is nearly over.|
|Roll on the drilling results, lets hope they have more effect on the share price than the last.|
|Could be wrong but that tweet just strikes me as being a bit ebullient.|
|Drilling campaign at Kiziltepe completed successfully:
|Well either the scoping study was wrong or PG were wrong.
Let's hope we get something good from there that backs the scoping study and proves how ridiculously conservative PG were.|
|I don't believe definition of a "stranded asset" includes "non performing" and in commercial context Salinbas would definitely not be defined as stranded. Stranded implies it's not commercially viable or even implies it's a liability
Considering one of the reasons a number of investors put their cash into Ariana was due to Salinbas, then there is inherently some value ascribed to it in the share price
However it is only my opinion that market cap does not adequately value combined worth of Red Rabbit as a producing asset with major increase in resources to be formalised, Salinbas resources in the ground and lithium assets.
Looks like for now PG were right though to attribute a conservative value to Salinbas...|
|Redtrend one of the meanings of a stranded asset is an asset that is non performing. I would suggest 'currently' under the ELD tenureship that is exactly what it is given there is no value in the share price for it.|
|Each to their own, but if the choice was between STI with market cap of £9m and Ariana with market cap of £13.5m, don't know why anyone would choose STI.
At last count I believe STI had only £2m left in the bank. It's operating loss for 1H 2016 was just shy of £2m and I don't believe it's receiving any monies from the Altıntepe Gold Mine, which they are a minority partner at 45%. It is a 130K Oz resource only at a low grade of 1.34g/t. The cash they are supposed to receive is only 20% of net free cashflow until Bahar recoup their Capex costs - when will that be? And substantial additional drilling programmes will surely be required to expand LoM. In terms of transparency on both production and their exploration campaigns, for me it appears to be lacking.
Even without Salinbas, Red Rabbit alone (Kiziltepe, Tavsan etc. at 475K Oz at 3g/t + and following excellent drilling results in last few months, sure there will be formal update on increase in resources soon) is a far bigger prize than what STI has.
On Salinbas which we all know is 1M Oz+ resource with huge potential, ELD will have obligations and milestones it is required to meet in the Joint Operating Agreement with Ariana and indeed its Agreement with the Government. Whilst it may not be moving as fast as we may all like, it is by no means a stranded asset - if there is no movement ELD may soon be in breach of some of the terms of its Agreements, with usual penalties such as relinquishing rights. This is where Ariana can apply pressure, offer to assist, propose farm-in with Proccea etc etc.
All said and done, I hope there will be a turnaround in gold and the sector as a whole and that both AAU and STI benefit. Hopefully the new STI CEO will be the messiah that can turn the company around, but in terms of Turkey, I'm sticking with AAU|
|Like oil producers many PM's are mined in politically difficult areas, so spread out and reduce the overall risk.|
|Soul - I have nothing against you or CC but don't say ,completely understand his reasoning' when somebody has been underwater for so long in a basket case like STI and never sold. Ariana has many more prospects than STI. Remember STI sold their 'Salinbas' and then wasted the money|
|lovelyjubbly I am assuming you are having go at Charles and alluding to him being disingenuous with his posts?
Can I say to you that CC is one of the most respected posters on here and other threads and always takes a balanced view.
His decision to sell will not have been taken lightly and I would think after a lot of soul searching.
With his investment in STI he has obviously got a lot of money invested in Turkey and so completely understand his reasoning.|
|I don't often post anything yet am an avid reader here = am staying firmly IN|
|Sorry to see you leave here Charles but totally understand why you have done this.
Honestly and I have already discussed this with others, the only reason I am still here is for some small hope that salinbas is proved to have some connection to hot maden.
Other than that I can come up with more reasons not to be invested here at the moment.|
|AT THE MOST EXCITING POINT IN OUR HISTORY.
Sorry to hear that Charles.
I can understand the frustration, but AIM can be like this.
Kerim & team have certainly worked hard to keep shareholders in the loop.
Directors, Mgmt , staff & the Sener family are all shareholders. THis means they are aligned with pte shareholder thinking.
I honestly don't think many Co's do as well at keeping shareholders informed.
But the core issue is do they deliver what they promise?
I think they do, in fact I believe Kerim is conservative in his approach & never over promises.
They have delivered Kiziltepe on time & on budget. This means they turn from being just an exploration & development Co. into a producer as well.
Now we will have cash flow to do even more exploration, development & resource enhancement work.
Once we are a producer certain Institutional Investors will be able to have us on their radar. Panmure Gordan will have a key role to play in attracting new investors. The choice of P.G. who are highly respected & very well connected will imo become more apparent once we are a producer.
But Kerim also told us earlier in the year that Eldorado will approach us with their thoughts & options on Salinbas. I know of no reason to not believe that this isn't still the case. As others have indicated on this thread, Salinbas could play a significant part in our revaluation.
Thirdly, and again as said by others, drill results are expected very soon which could add further value to Red Rabbit.
So three lots of important news, probably pre Christmas.
I find it really hard to see why you or indeed anyone would sell now having shown so much patience given we are at the most exciting point in our history. Isn't that the case? Do some not believe that?
I hope the gold price holds up, as that seems to me to be the only real factor that could spoil our party.
If anyone has any doubts why not attend next weeks presentation on 8th & hear and talk to Kerim. He is not in the business of pulling wool over anyone's eyes......you will hear a frank appraisal of where we are.
To my mind this is one of the most exciting plays & the time to buy couldn't be more advantageous.
|I sold yesterday with a small gain on my overall holding. I think the company has a good future and I don't think there is much wrong with it apart from the geographical location. Until yesterday I had shares in 2 Turkish mining projects and decided to reduce my portfolio risk because Turkey is at war with Russia in Syria which could possibly escalate if Russia takes the conflict to Turkish soil and NATO decides to help out. So I have very reluctantly reduced my exposure to Turkey by selling AAU but still hold my other miner which is already producing and, imho, extremely undervalued. I hope Turkey remains miner friendly and wish my friends here the best of luck with their investment.|
|42Col my actual circa 3m was sold a good while ago, I am not complaining about the selling and quite frankly can't blame people at the moment.
What I was suggesting is it is worrying there is still large selling, no strength to price and volume when we are now so close to the apparent end game.
Plasybryn I listened again to one of the recent MM interviews with Kerim who suggested there would be a lot more news towards the end of the year than we have had including something from Salinbas so I would expect something in the coming weeks, may be even some drilling results.|
|Forgive me if I'm wrong, but I am expecting positive news pre Christmas & I would say there is a good chance we will get news next week. Remember Kerim is presenting on 8th.Those who sold today are unfortunate & misinformed IMO, but that is life.DYOR|
|Soul - its not the wrong end of the stick. You cannot complain about a low share price when you sold more than 2m|
|42col I think you got the wrong end of the stick. Biggles suggested over two posts that the mms had played us. I was merely pointing out the late large sell of 750k.|
|Soul - my point is simple. A sell of 750K will depress the price but your sell of over 2m depressed the price more. If you sell that amount and tell everybody you cannot complain about the price not being above 2p|
42col and your point is?|