Ariana Resources Share Discussion Threads

[the deacon] 17/6/2019 21:29

Thanks Graylyn. A very worthwhile listen

[the deacon] 17/6/2019 21:04

New podcast out from MiningMaven. Salinbas - drilled well in excess of 2km drilling. All material sent off for assay, which has now been received. Turnaround approx 3 weeks - so early July. Based on what they can see they were confident on mineralised intercepts. Can't find a link to this podcast on MM website /twitter. It just dropped into my podcast app this evening! Also talks about possible partner for Salinbas - though not a priority at the moment.

[jaynesdad] 17/6/2019 18:23

I have reservations, lets see what happens

[bigglesbingham] 17/6/2019 18:06

But money into AAU is the important point wouldn't you say ? AAU then receive 50% of the production profit

[jaynesdad] 17/6/2019 17:36

True, but paid from the JVs bank account which is 50% AAUs already!

[bigglesbingham] 17/6/2019 16:46

Kerim has said exploration costs 1m therefore £3m would be forthcoming. With salinbas we will get results of individual holes. A bonanza or two would be most encouraging .

[jaynesdad] 17/6/2019 16:11

Don't know. Still pretty much same Offer price, 2.137 for 200k (not that I'm buying).
2.0275 to sell the same quantity, so an unpleasant spread again

[charles clore] 17/6/2019 15:09

Could there be a big buy in the wings being worked? The number of sells and no price change says so but we may find out later.

[mcmather] 17/6/2019 14:53

It could be JD on that basis; think the new resource will be circa 50000ozs so it might depend on how much the discovery costs are (historically $15 per oz?).

My preference is to keep the dosh in the company and drill the chuff out of NE Turkey.

[kirbs4] 17/6/2019 14:35

You are probably right JD. I think my desire for info RE:Salinbas is probably a demonstration of the hope we can avoid the share price going stale again before it. My probably hopeful feeling is that now would be the perfect time to hammer that nail at least part of the way in to maintain momentum. Seen too many times this one fall back only to regain the same position on the next good rns.

[jaynesdad] 17/6/2019 14:19

McM, there indeed isn't a lot of profit sellng into the JV, which I agree is only 50% of the incurred cost to date. However by definition of it having already been incurred then the cashflow on sale into the JV is 150%, maybe $1.5m? Think I'd better shut up now, I think everyone is aware that I think the 3x basis is unbelievably generous to Proccea! I think I've mentioned it before...... To be honest, of the things I listed the most immediate worry to me is the transition of production from Arzu S to Arzu N. if that doesn't go well we could have a drop in the headline quarterly results, which has become almost routine at 7000 ozs.

[mcmather] 17/6/2019 14:05

Not sure there has been that much drilling (cost) at kizilcukur soul; aau's net profit if they sell in to the jv is 50% of the cost.


Re salinbas, they've said they'll update early July 2019 (latest) but suspect it'll be more general than specific; though still think this will make the wider market take notice.

[jaynesdad] 17/6/2019 13:41

Cant see it Kirbs. In line with the cautious, conservative approach we have see to date I doubt we will see any information about the RC drilling until first or second week of July. That's when the assays are returned and the results analysed.

[kirbs4] 17/6/2019 13:29

Still hope they will release an indicative Salinbas update shortly. Know it is not standard course but have seen other miners do it. They did seem excited at what they pulling out of the ground, even if the Twitter pictures showing lumps of gold coloured rock that probably wasnt gold were a tad misleading!

[soulsauce] 17/6/2019 13:29

Surely selling kizilcukur in to the JV will provide the windfall necessary to pay for a healthy dividend for shareholders.

[jaynesdad] 17/6/2019 13:14

Sadly more sells than buys today, though a mock purchase jus shows bid price little changed at 2.14.
I guess the immediate hurdles within the next 18 months are gold/silver price direction, production transition from Arzu South to Arzu North and Derya, tie down whether Kizlcukur will be absorbed into JV, Tavsan financing and commencement of plant development plus results of the recent Salinbas RC drilling (and further RC drilling within the period).
If all the above produce positive results its very hard to see how the share price cannot double as that would mean market cap still 'only' £40m. Any thoughts?

[jc2706] 17/6/2019 09:37

There are always reasons to sell, often not related to the company fundamentals, and you need sellers to make a market.

[bigglesbingham] 17/6/2019 08:28

Who would sell with salinbas results round corner? Beyond me after at least four year wait

[jaynesdad] 17/6/2019 07:55

Ok, off we go for a new week. Gold seems steady, no company news, should know in a few minutes whether there will be a bit of money taken out by the more nervous investors. This is one tiny AIM share which I think will struggle to shock negatively. I hope I'm right (for once)

[temujiin] 17/6/2019 00:15

''Tem, 0.5p dividend to start with when the share price has just broken 2p? Wow, I'm definitely in the right share here, that's a 25% yield.''

That shld read £0.0005 or 0.05p... I think :0

[jaynesdad] 16/6/2019 23:12

I can't see the need for dilution in the immediate future if the Western Turkey operations unwind as is currently forecast (and likely). Once the initial loan is repaid (shortly) and Tavsan is on stream there will be significant free cash flow.
The only financing question mark is NE Turkey where, if there is a lack of JV for an economically viable resource, could require some imaginative fundraising. However that is a long way into the future, certainly not an immediate concern to me.

[bigglesbingham] 16/6/2019 22:39

What would they do with the significant cash there are raising now and in the future! Don't you think it would be a little stupid to raise money via dilution while having available cash?

[a.fewbob] 16/6/2019 22:32

Hi Jay,

Just me being cynical. I’ve been in enough successful miners to see that they normally raise money many times along the way.

Now I’m not suggesting we won’t make money. I’m just not so sure that they will want to invest money along the way that they can’t raise organically.

I’m open to suggestions otherwise.

[jaynesdad] 16/6/2019 22:26

Tem, 0.5p dividend to start with when the share price has just broken 2p? Wow, I'm definitely in the right share here, that's a 25% yield.
Fewbob, plenty of dilution? You are of course entitled to your opinion, but could you explain to the rest of us what we have missed please? You can't make a statement like that, and expect to be taken seriously by the posters here who pretty much know this company forwards backwards and sideways, without explaining why. Otherwise we will dismiss you as dim