Ariana Resources Share Discussion Threads

[jaynesdad] 07/8/2019 08:38

Unfortunately you can't exclude the JV partner!
As discussed yesterday with Tavasan in production (at a predicted 30k pa), and with current economic factors, AAUs net income pa will effectively equal or exceed MC, ignoring tax. I'm not sure how to calculate the latter but I believe it is low.

[jc2706] 07/8/2019 08:37

I believe that the Nasdaq Major Commodities prices are futures prices NOT live. The current live price can be found in several places. I tend to use goldprice.com although I do look at kitco.com as it has some interesting commentary occasionally.

[drh3] 07/8/2019 08:00

If this gold price remains and production costs remain the same and production is stable, then I make it that we would be approaching profits equal to half the m-cap of the company per year. Or equal to the m-cap if you don't include the JV partner.

[temujiin] 06/8/2019 23:59

DRH36
Where do you get your gold price live feed from? I think the one I use is at least 15-30 min out...

===================

This shows live prices for gold or silver.

www.bullionvault.com/silver-price-chart.do

[jaynesdad] 06/8/2019 22:40

If only I could tell the future....how good (and lucrative) that would be! Night all

[bigglesbingham] 06/8/2019 22:32

Perhaps it's optimism or JD can tell future if so there are many questions that need answers . Joking apart I have total faith in management and they have created a very good company from scratch which is no mean feat !!

[jaynesdad] 06/8/2019 22:27

Hi DRH3
I just look at Nasdaq Major Commodities. It is constantly updated but I have no idea what the lag is. I just use it to keep tabs so it doesn't have to be especially accurate for my use

[bigglesbingham] 06/8/2019 22:24

My feed says 1474

[drh3] 06/8/2019 22:14

Where do you get your gold price live feed from? I think the one I use is at least 15-30 min out...

[ironstorm] 06/8/2019 22:02

My view. We are cheap on current production.

Add in Tavsan that makes it doubly so. Would like to see this move faster. But think we are now at the mercy of bureaucracy.

Yes we should also pick up the pace on Salinbas. But I have not seen anything to suggest otherwise.

So overall cheap especially so at this rapidly increasing POG. Keep the faith. Tho please do keep up the pressure.

[jaynesdad] 06/8/2019 21:56

...and gold at $1486 so not all bad

[jaynesdad] 06/8/2019 21:52

Hi Soul. If they go it alone with Salinbas it's going to be a very long haul. My preferred option of course is a discovery of HM2 but we cannot assume that will realistically happen. A far better result for myself, and several others here, is to prove a 'core' of quality economically exploitable assets in NE Turkey leading to a JV on attractive terms. As long term shareholders we can then decide to go, to stay, or partially go and partially stay!!

[soulsauce] 06/8/2019 21:14

My sentiments exactly.

If I thought the plan for salinbas was to keep plugging away with drilling programmes over many years I would probably sell tomorrow.

I have said I am invested for value from Salinbas. That was always the thing to cause the share price to bag but not prepared to wait for several years.

As JD said there should be some value to be had once the loan is paid and as tavsan approaches but without monetising Salinbas there may be better value elsewhere.

Be nice to know the plan.

[charles clore] 06/8/2019 18:41

JaynesDad6 Aug '19 - 17:02 - 15754 of 15758
Soul, Charles. Agree. I certainly want to exit this share before 2030!

Like swallows said I think I will be dead before 2030 so Kerim if you are reading this, let's get the show on the road asap!

[swallowsflysouth] 06/8/2019 18:36

My problem is i'll be in my grave before Salinbas is in production ! They do need to get a move on and sort out what is there ! My preferred option would be to sell/JV, that would at least happen in my lifetime !

I to would like to know what the strategy is. Cannot understand why we have had no news on Tavsan.

[soulsauce] 06/8/2019 18:02

Well not really JD if they follow through with bringing in another asset. That is why I would love to know what the plan is as they can't do both surely.

[jaynesdad] 06/8/2019 17:30

Catsick, probably disagree on the very last point. A year or so back I did ask Kerim if he thought Proccea may consider extending the W Turkey relationship to the NE. Now I may have misinterpreted his reply (it was a cheeky off the cuff question) but the impression I got was a definite no. I agree that I cannot see an outright sale of Salinbas/Ardala because as it stands that mean AAU ceases at the end of Kiziltepe LOM - at the moment that is pretty much at the same time Tavsan ends?

[catsick] 06/8/2019 17:03

I think they will develop both tasvan and salinbas, they are generating plenty of cashflow and the bank will be happy to replace the debt that has been paid down, the jv model with the construction co is the way forward....

[jaynesdad] 06/8/2019 17:02

Soul, Charles. Agree. I certainly want to exit this share before 2030! Zack mentioned Salinbas being a 'job for life' (or words to that effect). That is both reassuring and alarming at the same time, depending on the context. I'm not in this just to help provide lifelong careers for the younger members of the AAU team. Its reassuring that the largest shareholder, MDV, is about my age!

[soulsauce] 06/8/2019 16:49

Either Charles but I think an outright sale would need a lot more explo than a JV.

[nov31] 06/8/2019 16:47

Gold about to hit $1,475?

[charles clore] 06/8/2019 16:28

By sale or jv

[soulsauce] 06/8/2019 15:51

Yes can't see anything wrong with that JD.

Re' salinbas there has to be a plan to monetise it in a much shorter period than a decade.