Ariana Resources Share Discussion Threads

[kaos3] 24/3/2021 18:26

there are many other treatments that I lived through - export ban, fixed exchange rate, capital export ban etc....

but I do not see it happening in isolation - Turkey being the only country to do it.

Turkey is merchant nation after all and can hardly live by its own...

move to export AAU capital in one big swing looks ok under present circumstances ... as a risk management

[bigglesbingham] 24/3/2021 18:02

Erdrogan is a lose cannon but he ain't stupid. He doesn't want to stop overseas investment particularly in the mining sector which he has huge targets for in relation to gold. However I wouldn't be surprised if laws capping mine ownership came into place in the future to encourage JVs with Turkish companies, I this happened do I think it will be less than 23% cap? no I don't and this is where I believe aau are as usual ahead of the game. They have effectively derisked the Erdrogan effect in my eyes. Let's say he caps foreign ownership of mines to 50% or even 25% it won't effect AAU because we've already sold our exposure. Can you imagine what price if any you'd get if the government forced a sale?

[zangdook] 24/3/2021 15:02

Shortarm - could you point me to source confirming the forced sale of the Rowan estate's shares? I can't find one but presumably it's more than speculation?

[shortarm] 24/3/2021 11:14

Tired or bored?

[shortarm] 24/3/2021 11:00

Have you missed the sale of Bruce Rowans 20 million shares and Starvests investment being moved on?

[bosbus] 24/3/2021 10:43

I'm not trying to force an issue, more trying to explain why,imo, this stock is so unloved. Repressive regimes are always a damper on stocks. Like you, I am holding because I believe there is a good chance of a lot of profit.

[shortarm] 24/3/2021 10:36

Erdogan wasn't affecting the price when we hit 6.8p intraday?The price has been affected my general gold stock malaise and a forced seller of an estate.....Don't try and force an issue that isn't there!??

[bosbus] 24/3/2021 10:20

Shortarm
I sold all when Erdogan invaded Syria but bought them back shortly afterwards when things settled down. I have since added several times and hold more now than ever. AAU is one of my biggest holdings. My break-even is 5.18

[shortarm] 24/3/2021 04:54

Bosbus, you are wrong. The price is where it is due to a forced seller (estate) and general last few months for all miners.Maybe you should not have sold so many after all lol :-D

[plasybryn] 24/3/2021 01:05

Marina Resources was bought out for its 30% ownership of 4m ozs at Hot Maden some 10 miles south of our Hot Gold Corridor for $176m by Sandstorm, if my memory of the figures is correct. I suspect in our 4 prospects, including Salinbas, will in time yield a lot more than 4m ozs. Ozaltin is there to ensure we can indeed exploit the full potential using our exploration skills as part of a team effort.

[charles clore] 23/3/2021 23:52

Erdogan loves gold and he loves the companies that dig it out and sell it to him. With Ozaltin on board there is a good chance AAU could be bought out, for another $30m or more if they prove up Salinbas to 4m oz. Then there will be plenty of opportunities in Cyprus and elsewhere

[bosbus] 23/3/2021 21:07

Shortarm

I'm not sure why you say " gold mines in Turkey now 77% Turkish owned - Excellent!"
As a LTH my biggest concern is that mines could become 100% Turkish owned and I think that pushes the share price down all the time. Please correct me if I'm wrong but, as I've said before Erdogan is a millstone round our necks and that is why we are still under 5p

[paul280i] 23/3/2021 19:16

mcmather, thank you for you reply, so much to go on, I just can't absorb it all. Why is still under 5p!

[mcmather] 23/3/2021 17:38

Paul, there’s Arzu Far North – page 17 on here - and Ceylan is the same general area, just to the west; page 21. Kiziltepe West is about 2-3KMs further NW.

A bit more here re the NW end of AN, 18 Nov 2019: ‘Significant mineralisation confirmed at far NW end of Arzu North, which sits outside of the current resource with the potential to extend further by several hundred metres’;

[renniks2016] 22/3/2021 16:32

Another 150k in the bag under 5p lovely jubbly. ;)

[shortarm] 22/3/2021 07:48

The timing is amazing!The gold mines in Turkey are now 77 percent Turkish owned - excellent!Moving into copper and battery metals as copper starts to fly!!The future is bright! (It's not orange - it's copper!!)

[paul280i] 21/3/2021 22:55

Looking at the Twitter picture I first thought that it was looking towards Arzu south and this vein was continuing through Arzu central. BUT this is the North West end of Arzu north, is this the end or just as far as they have dug so far? If this is the end of the planned pit then there is a lot more gold outside the proposed pit.
As always, more questions than answers.

[bigglesbingham] 21/3/2021 15:09

Nice find and I believe it isn't currently valued in AAU shareprice. I feel we are farther ahead of CHF which is valued at £10m. So I believe the drill results will coincide with divi payments which will mean any reduction in share price will be short lived

[plasybryn] 21/3/2021 13:32

Great picture on Twitter just gone up.NW end of the Arzu North pit showing the main and subsidiary veins (light orange colour), widening at depth! #AAU #gold #mineLooking good.

[soulsauce] 21/3/2021 10:46

Can't argue with that Renniks.

The fall in the Turkish lira has always been a benefit to us as Kerim has said on many occasions and one of the reasons we have such low production costs.

[renniks2016] 21/3/2021 10:38

Sunday morning question, what percentage of our mcap is allocated to our position in Venus, me personally, I think zero, but realistically should be ??? £6-8m?
Can see this becoming very interesting in the next 12-24 months for us.

[paul280i] 21/3/2021 10:03

Paulie, Has this payment changed? it was my understanding that payment was made in Turkish Lire and then imediately converted to US Dollars at the going rate except for a small number of Lira kept to make local payments. If I am correct and assume the Turkish government is printing Lire to make the payment then the cost to the Government is negligible.

[1candc] 21/3/2021 09:40

xow98 good read, thanks