Ariana Resources Share Discussion Threads

[plasybryn] 25/4/2024 07:33

Does this mean no dividend for another 3 yrs? Hard to assess the numbers currently as light on detail. There is a surprise. They will have to provide a lot more pre the EGM. We will need to see what PG and WH Ireland make of it. Almost seems as though they have become bored with their traditional assets. At least we might get a strengthen Board. But making Zimbabwe a core element is a risk and relies on that being acceptable to investors.

[renniks2016] 25/4/2024 07:33

Equates to $16 oz in ground! That is some deal. Yes lots more to know, but this covers everything anyone was asking about. They will have no problem raising funds to develop this. You don't get to be a 500m MCap company without deals like this, and these type of projects are few and far between these days. So for me, this is very pleasing to see.

[shortarm] 25/4/2024 07:31

Seems they want to achieve PROPER value for Venus!
Ariana has also determined that it will indefinitely suspend its listing of Venus Minerals
plc on AIM to ensure maximum value may be achieved for the Company's proposed ASX
dual-listing later in 2024.

[shortarm] 25/4/2024 07:28

Visible gold - not even assayed!!
Photograph showing mineralisation and alteration characteristic of Dokwe North, but
showing a singular example of extremely high-grade core obtained from DPD060 at Dokwe North
and exhibiting significant visible gold developed along structural foliation (core taken from an
interval at 105.62-106.63m down hole). Sample not sent for assay due to the significant quantity
of gold in the intercept

[shortarm] 25/4/2024 07:27

Below is 197 g/t and 14M at 54.75 g/t!
(m) Au g/t
Dokwe North
1 DPD123 229.0 237.0 8 197.22
2 DPD32 199.9 213.9 14 54.75
3 DPD77 174.6 259.6 85 5.23
incl. 174.6 189.6 15 13.64
Dokwe Central
4 DPD67 74.4 123.4 49 4.42
5 DPD35 43.0 70.0 27 6.53
6 DPD73 366.3 423.3 57 2.72
incl. 405.3 422.3 17 5.91

[plasybryn] 25/4/2024 07:26

My post 23559: Perhaps a strategic Corporate event is in the offing. Silence in meantime. Pure conjecture

[kaos3] 25/4/2024 07:25

exactly ... good land grab - but the development vision is not presented.

now i understand bb comments on dokwe. it sounded strange to me at first

[xow98] 25/4/2024 07:25

Secondary listing on ASX

[xow98] 25/4/2024 07:23

expected that 687,817,998 Merger Shares will be issued, which at Ariana's closing price of 2.825p on 24 April 2024, being the last closing price before publication of this announcement, would value the transaction at £19,430,858.

[soulsauce] 25/4/2024 07:21

Just as important as the takeover cost is how the mine will be funded.

You big shareholders need to hold Kerims feet to the fire re dividends.

[lottsgold] 25/4/2024 07:21

Stand corrected must have the math wrong.

[shortarm] 25/4/2024 07:21

100k 0z per annum at current costs (say 850) is 147 million dollars a year in profit!!! Effing hell!

[xow98] 25/4/2024 07:18

Valuation 19.43 million

[lottsgold] 25/4/2024 07:16

Surely that's a steal for a proved up resource ready to push to mining with lots of upside potential. £11-12 million valuation on Rockover right?

[shortarm] 25/4/2024 07:14

Increasing to 100koz per annum - Wholly owned by AAU.Massive news this!

[soulsauce] 25/4/2024 07:13

Not sure what to make of that especially the huge share issue.
You would think shareholders would have had the due diligence drilling results before this came out.
Still it's big news finally.

[d1g3y] 25/4/2024 07:07

Rickover holdings tweet was published then deleted

[shortarm] 25/4/2024 07:07

Oh sh1t, some idiot has let a secret out!

[lottsgold] 25/4/2024 07:07

Merger with Rockover, new members to the board, production 60k from Dokwe planned in next 3 years

[lottsgold] 25/4/2024 07:06

On the website Biggles, will take some digesting!

[chinese investor] 25/4/2024 07:04

Transformational RNS !

[bigglesbingham] 25/4/2024 07:04

Wow what pal only rns I can see is you notification of holdings ha ha but that was 11th April