Ariana Resources Share Discussion Threads

[bigglesbingham] 13/1/2021 15:24

Gut reaction

[soulsauce] 13/1/2021 15:22

I am getting excited at the thought that it might be getting a sentiment 😄 or even a pulse.

[renniks2016] 13/1/2021 15:14

Come on guys, don't be so glum, you are holding a rough diamond here, its just about to get cut and polished, then you'll see it sparkle and hopefully put a smile on your faces. :0

[cool hand kev] 13/1/2021 14:57

If this is excitement I’d hate to be depressed 😥

[soulsauce] 13/1/2021 14:54

Sentiment is a funny thing but it's not making me laugh here.

[jaf1948] 13/1/2021 14:48

renniks,

Go for it ! Nothing would make me happier than to see this fly a bit (well, apart from the end of the virus).

[renniks2016] 13/1/2021 14:46

JAF, subtle is good (for the time being)

[jaf1948] 13/1/2021 14:39

Have to agree with Soul here - all I can see is a last sale at 4.85p. If it is building, it's too subtle for me.

[soulsauce] 13/1/2021 14:33

Interest is building?? Am I missing something?

[renniks2016] 13/1/2021 14:31

You beat me to it by a few mins! good move. ;) (135K)

[charles clore] 13/1/2021 14:25

Hence my 250k buy a tad above 5p

[bigglesbingham] 13/1/2021 14:07

I get the feeling interest is building too!! Sentiment is a funny thing

[renniks2016] 13/1/2021 13:54

Charles, I think you might be struggling, there is some interest building I think. ;)

[soulsauce] 13/1/2021 13:54

Well it get's a fleeting mention CC, 1m40s in.

[charles clore] 13/1/2021 13:24

Strange no mention of the new jv in that interview. Too embarrassing, perhaps?

I like the possibility of a move into Eastern Europe, a good region for exploration and mining.

Waiting for a dip below 5p when I will be topping up again.

[lottsgold] 13/1/2021 11:59

Romania looks very prospective, the Eldorado Certej mine is producing 140k ounces of gold and 800k ounces of silver pa. I imagine we will be looking for large prospects from now on:)

[shortarm] 13/1/2021 11:56

Did EMED / Atalaya give up on a Bulgarian gold asset a while ago?

[soulsauce] 13/1/2021 11:49

To remain within the tethyan belt Bulgaria and Romania would look favourites.

[bigglesbingham] 13/1/2021 11:44

You geography better than mine

[thanksamillion] 13/1/2021 11:32

Going by KS gesticulations in the clip I am suspecting Bulgaria through Kosovo and possibly beyond as a target area.

[xow98] 13/1/2021 10:46

More focus on Eastern Europe.

[xow98] 13/1/2021 10:40

Ariana Resources - 2020 Production Results and Update

[cool hand kev] 12/1/2021 22:57

So does the Director’s buy mean that the JV isn’t imminent but then I assume that he doesn’t know when the Government approval is due?

[bigglesbingham] 12/1/2021 18:25

AIM-listed gold producer in Turkey, Ariana Resources (AAU) has released a 2020 Production Results and General Update RNS this morning. So did it make its 2020 target of 18,000 oz gold production from the joint venture Kiziltepe plant?Well, the answer is yes – the total came in at 18,645 oz. Always good to under-promise and over-deliver! But given that the total at Q3 was 14,933 that means that Q4 production was perhaps a trifle disappointing at 3,712 oz. But we knew that the higher grade ore at Arzu South had been finished (at least for now) and replaced as ore source by the lower grade Derya and Arzu North pits. So maybe we should not be too surprised. The better news was that the production capacity expansion at Kiziltepe is now underway, and should be completed in the second half of this year. So although the ore grade has dropped, given that this expansion will increase processing capacity by 300% over its feasibility design and there is plenty more gold to go for, my hope is that the result will mean a decent increase in production going forwards, and I am hoping to see 30,000 a year or more once expansion is complete.And with more drilling at Arzu South, there is the possibility of higher grades once again featuring in the fullness of time, alongside other drilling aimed at increasing Kiziltepe's life of mine well beyond the current target of 2026. So overall, this is an encouraging report even if it suggests that production might slip this year until the new capacity is brought in.We are reminded of the corporate transaction which will see a special dividend of maybe 0.75p per share, and the development of Tavsan and Salinbas should be helped by the good relationship with Turkiye Finans Banaksi, given that $36.7 million of debt has now been repaid. Both new projects are targeted under the expanded joint venture with new partner Ozaltin and my hope is that Tavsan wil see an early go-ahead decision once the new JV has completed. We are also told that production reports will become 6-monthly affairs, now that Ariana's interest in the JV has dropped. But perhaps the interesting thing in this morning's report comes within this:Meanwhile the Company is continuing to progress its exploration and development activities across its portfolio, which includes a drilling programme being undertaken within the joint venture and the start-up of field activities elsewhere. Notably we are expecting to increase the pace of our involvement in Venus Minerals, with the expectation that a diamond drilling programme at the Magellan Project can commence by Q2 2021; the current limitations imposed by travel restrictions notwithstanding. We are also fast-tracking some other exciting copper-gold project opportunities in the region, further details of which will be announced in due courseI always suspected that CEO Kerim Sener had something up his sleeve for a good bit of the cash coming the company's way from the deal with Ozaltin (and Proccea). So what are these exciting copper-gold project opportunities? We shall have to wait and see! Meanwhile, I continue to rate the company's shares as a buy at the current 5.1p and up to 5.5p as the wait for the special dividend goes on. Target price remains 7.5p.