Ariana Resources Share Discussion Threads

[jaf1948] 14/10/2021 11:32

Thanks Biggles, that clarifies it well.

[bigglesbingham] 14/10/2021 11:31

When you think about it it's only way they can do it, unless you purchase their level 2 which highlights all mms bid offer spreads

[plasybryn] 14/10/2021 11:14

Nice explanation Biggles. Helpful.

[bigglesbingham] 14/10/2021 11:10

Dones not want to sell its should have read

[bigglesbingham] 14/10/2021 11:10

I've explained this quite a few times but I'll do it again. The spread shown on ADVFN is the lowest bid prod and the highest offer price from ALL market makers. So you may have a company not interested in buying with a bid well below other mms say 4.2 but you make have another mm who does want to sell so they have offer higher than anyone else say 4.7p. ADVFN then show bid offer being 4.2 to 4.7. However a mm active in the market may have bid 4.53 and offer 4.6 which is the real bid offer. So it's ADVFN method of showing bid offer which is misleading. Hope this makes sense .

[jaf1948] 14/10/2021 11:03

It confuses me but for what purpose ?

[thanksamillion] 14/10/2021 10:56

MM's using the spread to confuse us?

[bigglesbingham] 14/10/2021 09:44

Arguably undervalued for price of one especially with over £15 m in bank

[bigglesbingham] 14/10/2021 09:42

Sure there more than two to follow they are getting companies banging in their door for cash and expertise.

[claretandbluedave] 14/10/2021 09:41

Maybe the octopus tentacles was a clue afterall
Venus, Kiziltepe, Tavsan, Salinbas, Asgard Metals, Western Tethyan + ANO + ANO
Surely not another 2 to follow ??

[bigglesbingham] 14/10/2021 09:29

Concentrating on the octopuses tentacles

[bigglesbingham] 14/10/2021 09:27

They will sale through that as they did at kizeltepe

[tnt99] 14/10/2021 09:23

So 3 mines for the price of one!!!!I'm buying more how about you

[paul280i] 14/10/2021 09:20

Bid 4.62 offer 4.64

[shortarm] 14/10/2021 08:50

Posted by IBLONDON on the LSE site:
Venus Minerals and Hellenic Copper Mines have agreed on a partnership for the creation of a copper mine in Apliki, a village in the Nicosia district.
In an announcement released on Tuesday, the two companies stated that they have both signed a binding preliminary agreement for the development of a licensed mine in Apliki, a region with rich copper deposits.
While the project will be managed and spearheaded by Venus Minerals, the two mining companies will have equal stakes in the partnership.
The deal is expected to progress from this preliminary agreement to a fully negotiated and agreed-upon contract in November of this year.
“This partnership will benefit from the know-how of Hellenic Copper Mines and the experience gained through the operation of the neighbouring mine of Skouriotissa and the extraction of ores in the area, as well as in the field of civil engineering and the application of the copper ore extraction method,” a statement said.
The Skouriotissa copper mine is considered to be one of the oldest operational mines in the world.
It had originally ceased operations in 1993, with mining company Hellenic Ltd suspending its recovering of copper from leaching waste, but operations at the site resumed in 1996.
According to the announcement, all relevant permits have already been obtained, while the development of the mine is expected to start in February of 2022.
“We are pleased with this partnership with Hellenic Copper Mines, but we are also pleased to contribute to the development of the first copper mine in Cyprus since the 1990s,” Venus Minerals Managing Director Peter van der Borgh said.
“Venus Minerals is planning its entry into the London Stock Exchange by the end of the year, something which will provide an additional push to the project,” van der Borgh added.
“We are very pleased to conclude this agreement with Venus Minerals and we are confident that by joining forces we can achieve the rapid development of the mine,” Hellenic Copper Mines CEO Georgios Kalogeropoulos said.
Recently, Venus Minerals conducted exploratory drilling at Kokkinoyia as part of its Magellan Project, confirming gold deposits in all drill holes, identifying the deposits as a mixture of copper, gold and zinc.
The results were confirmed by Ariana Resources PLC, which has an agreement with Venus Minerals currently entitling them to 37.5 per cent of revenue, with this figure rising to 50 per cent in the fourth quarter of 2021.

[shortarm] 14/10/2021 08:46

Just games, they were publishing a bid of 4.4 a while ago but offering 4.55. Sneaky...

[jaf1948] 14/10/2021 08:39

And another rally killed immediately by a 4.2p - 4.7p spread.

[kirbs4] 14/10/2021 08:18

May just about stay in the blue today! :)

[shortarm] 14/10/2021 08:12

Volatile bid price!

[shortarm] 14/10/2021 08:11

You mean 10.7%...So much to look forward to for long term investors!

[dixi] 14/10/2021 08:02

Up 9.5% at open, by heck :-)

[kaos3] 14/10/2021 07:54

I will add on this news

[shortarm] 14/10/2021 07:49

It must actually be difficult to know when to commission a write up - there's just so much continuous good news and surprises! Like a new mine in Cyrus and two days later another new mine in Turkey!What next..........

[renniks2016] 14/10/2021 07:48

For me this is the best but.As recently reported, there remains the potential to substantially increase the resource base at Tavsan with further drilling and development work. With this in mind, as we accelerate towards production and the generation of maiden revenues at Tavsan, our attention remains squarely on the evaluation and development of our wider investment portfolio across the full-cycle of exploration, development and production."8 years will be 12-15 or 30k oz to 50oz one ore the other, who can doubt KS's predicted £500m Mcap now. Not me, but then I never did, said yesterday something happening, big news this. Happy days

[plasybryn] 14/10/2021 07:43

Tavsan has mega financials. It is rare to come across one so good. The Scoping Study gave us cash/costs of $630/oz. A global resource of 4mt@1.3G/t Au & 4.5G/tAg. A NPV of $42m. But the world class numbers were the IRR at 80% and a payback in just 1.1 years on just $20m of initial capital. These figures are no doubt conservative as Kerim has said there will be a new Resource and the Life of Mine will double from 4 years to probably 8 yrs plus. I look forward to hearing what PG make of all this. Perhaps they'll wait for the new resource.