Ariana Resources Share Discussion Threads

[catsick] 25/6/2019 07:43

Dual listing is a waste of money, these guys run a tight ship and won't want to waste any cash,

[deanmatlazin] 24/6/2019 22:40

And please ask management whether to list on other stock exchange like ASX might be beneficial since we are on the gold bull run. Am sure the share price will go up quicker with dual listing??

[bigglesbingham] 24/6/2019 22:21

1420 should be good for stocks tomorrow

[bigglesbingham] 24/6/2019 21:39

Good concise post Charles. What would happen if we went alone would be a take out at a price much lower than we could realise a sale. Plus I'd be retired in ten years or even six feet under!!

[mcmather] 24/6/2019 21:26

The cost per au oz in NE Turkey is presently $768. Reference has been made to the structures not being as complex as first thought so the cost could come down, but doubt it'll be near kiziltepe levels.

Still reckon AAU prove up NE Turkey as far as seems logical before then selling it.

They've still got the newmont dataset for western turkey so a buyer might be interested in buying the entire company.....

[charles clore] 24/6/2019 20:17

dean - it's the lead time to production and several years of debt servicing that's the killer. I don't know if a company of our size could survive that. Selling the asset or a major jv partner buying in would allow the company (and its shareholders) to flourish in the interim.

[deanmatlazin] 24/6/2019 19:50

Thanks guys for your consensus about Salinbas. Our cost of mining is one of the lowest in world and gold price forecast is going to breach $2000/oz...I feel we should make a plan try to do it on our own rather than JV. If proven 2.7n oz of gold under the ground...the first 3 years of production will able to pay back all the bank loan!.

[davidspringbank] 24/6/2019 18:14

Charles Clore I'm doing fine, thank you very much for asking. I'm not on here very often. I'm kept busy at home with everything growing like mad. A local farmer has agreed to cut, dry and bale our hay so we're looking forward to that in the next couple of weeks.It will help to feed our sheep in winter. I hope all is well with you and yours. Best wishes, David.

[soulsauce] 24/6/2019 18:09

Fair play to you CSSF 😉

[a.fewbob] 24/6/2019 17:35

How much cash flow will Ariana have on current producing mines?

[jc2706] 24/6/2019 17:29

I think if we are looking to compare Salinbas with Hot Maden in terms of the potential resource it would make sense to err on the side of caution as regards capex, in which case, based on the Hot Maden feasibility study, we are looking at $272 million which is going to be a lot to fund. Not impossible for a junior but would be much easier as a JV or trade sale.

[crossfirecssf] 24/6/2019 17:12

Silver's still stretching back into the distance 91.6 ratio now. Surely close to the largest ratio in history. Either say a $60 retrace in gold short term, or silver slingshots to around $18. One of the two or similar has to happen in the not too distant future. Either way it's not going to affect the final outcome, it'll just either create additional opportunity, or leave a few folk behind on the platform.

[crossfirecssf] 24/6/2019 17:07

Management have already said, 10 years to get a mine up and running at Salinbas. It's a massive undertaking for them to take on single handed. Not impossible, but surely better either getting 50% of something than risking getting 100% of nothing, or as BB suggests, prove up and sell. It's taken long enough to get Kizelepe up and running and I'm already getting grey stubble.

[paul280i] 24/6/2019 16:56

Dean, I think you have your answer there but we can ask on Thursday.

[charles clore] 24/6/2019 16:52

I think I'd go along with biggles - get it to a point of optimum understanding then sell it. No point a junior loading up with debt or giving half the thing away and then waiting for a major to run a slide rule over the full extent and take their time to start work on it. That could take years and our share would just get diluted down the line.

[nov31] 24/6/2019 16:48

Gold up to $1,415..very nice indeed!

[plasybryn] 24/6/2019 16:42

It potentially is a massive area with 4 or 5 sites of which Salinbas is but one. It would take a long time for us to exploit it on our own with access to limited capital. If the potential is as good as we hope, then a JV might be the way to go, to extract value asap. Mariana of course sold out their 30% , just to the south of us, to Sandstorm for c$176m, so that is another option. Or perhaps a part sell retaining some of the sites. I'm sure the Board would be very picky over who they agreed to JV with. But let's prove it up first to a level that means all these options are on the table.

[bigglesbingham] 24/6/2019 16:40

Sums panmure Gordon up to a tee

[bigglesbingham] 24/6/2019 16:39

Cap ex is minimum of 50-60 million cos of the size. We've got to get debt against tarsvan so best way is to max understanding then sell imho. It would take years to realise value by producing themselves look at kiziltepe we still are nowhere near realising true value because of the debt .

[jaynesdad] 24/6/2019 16:33

A question worth asking Dean but I'll bet the answer is scale! Salinbas would be hard for a c£25m company to develop to production alone. It would elongate the process, far better to explore it to add value when the prospect(s) are sold into a JV (or simply sold part or in whole)

[deanmatlazin] 24/6/2019 15:19

paul.... can you ask them why we need a JV for salinbas? I think we need to be greedy . We have good relationship with Turkish bank, I am sure Turkish bank will lend more money. We are producing gold now and I don't think JV is necessary.

Thanks

[charles clore] 24/6/2019 15:12

paul - thanks for the invite but I can't make it. London is too tiring a journey for me but hope you have a great time.

[paul280i] 24/6/2019 15:03

is anyone here going to the shareholders meeting on Thursday? Vanvan and myself from the other board are meeting up for a quickish lunch after the meeting and wonder if anyone from here would like to join us?

[crossfirecssf] 24/6/2019 14:45

Got you CC, thanks for the advice. I've only done it 4 times. 3 x successfully and 1 unsuccessfully. Of course you need a certain patience and I'm aware of the way things are sitting currently, so I've only used 10% this last time. Don't worry, worst thing that can happen is that I lose a few shares and buy back in. I'm prepaired to take the hit.

I've managed to gain 34800 shares with the 4 dalliances, which isn't big bucks, but it means that I can afford to lose them again before I'm at break-even.

As I say, I'm definitely holding for the endgame. I'm not going to throw it away now. Thanks again for the concern though.

[ileeman] 24/6/2019 14:39

I would say at some point gold will come back and test 1360, hold that line and then we go towards 1500-1600.

Nothing wrong with seeing a healthy pullback.