Ariana Resources Share Discussion Threads

[gaddy88] 16/10/2019 11:23

Cheers JayneDad, I look forward to those.

[jaynesdad] 16/10/2019 11:21

Maybe. I have noticed before that we sometimes get a succession of RNS' over consecutive days, maybe to create a bit of interest - especially in a negative news sort of week like this. Definitely hope for Q3 this week (I am of course assuming that will be good news!)

[charles clore] 16/10/2019 11:12

JD - they obviously don't want to go into detail about their future plans for Dogu. Perhaps they are in negotiations already. Strike while the iron's hot etc?

[jaynesdad] 16/10/2019 10:20

mcm, that quite obscure wasn't it, I read the same and thought eh? Time will show what the board mean by that comment, perhaps a question for the next London presentation

[mcmather] 16/10/2019 10:09

Seems a fair price if Kizilcukur gets to circa 50k oz's, whilst the access to the database won't do any harm whatsoever.

The interesting bit for me is that "we intend to make use of Dogu as an entity through which we can develop new project opportunities for the Company, enabling us to keep them distinct from our operational entity in Turkey, Galata Madencilik, and our other project interests in the country"??

[jaynesdad] 16/10/2019 10:08

hi Gaddy. Yes, if you go back through RNSs' you will see that production figures are given mid month after the last day of each quarter. The financial results for the quarter then appear a month later.

[jc2706] 16/10/2019 09:42

I hadn't realised that Kefi had entered into death spiral financing. I wouldn't have thought that they needed to.

[shortarm] 16/10/2019 08:38

You'll get nowt from that drivel spouting idiot :-)

[catsick] 16/10/2019 08:30

Makes sense buying back the nsr for peanuts, kefi under a lot of pressure so easy to get it cheap and sounds like some exploration assets thrown in .

[gaddy88] 16/10/2019 08:29

Apologies that last one posted twice. Lost connection during the first post.

[gaddy88] 16/10/2019 08:28

Did someone mention the quarterlies dropping this week too?

[gaddy88] 16/10/2019 08:28

Did someone mention the quarterlies dropping this week too?

[gaddy88] 16/10/2019 08:26

Tidy purchase this. Loose ends being tied up well.

[dixi] 16/10/2019 08:20

References to back this up please?

[2tyke] 16/10/2019 08:16

JC

Sentiment patterns are actually identical for both small companies and massive companies.
That's one of the reasons we know that outside forces don't drive prices.
You are probably confusing 'volatility' with direction.
Also, much work has been done on price 'manipulation'.
It has been concluded that even with the smallest illiquid stock, a big investor can only manipulate the price for at the most, a few seconds.

[jaynesdad] 16/10/2019 07:26

Not really sure of the significance of this mornings RNS (certainly none of us here were expecting it) but it does seem that Kizilcukur is being 'tidied up' prior to sale into the JV. I'd be very surprised if the sale into the isn't announced in the next 6 months. Should get Q3 production tomorrow or Friday?

[soulsauce] 16/10/2019 07:25

Interesting. Seems a no brainer for the money.

[temujiin] 16/10/2019 07:10

In the meanwhile, AAU just gets on interrupted, with being a profitable gold miner with free cash flows.

ROYALTY AND DATABASE ACQUISITION

Ariana Resources plc ("Ariana" or "the Company"), the exploration and development company with gold mining operations in Turkey, is pleased to announce its conditional agreement to acquire 100% of Dogu Akdeniz Mineralleri San. ve Tic. Ltd. ("Dogu"), a subsidiary of KEFI Minerals plc ("KEFI"). Dogu holds a Net Smelter Return ("NSR") on the Kizilcukur Project and a valuable exploration database encompassing the Republic of Turkey.

Highlights:

-- Dogu to be purchased outright by a subsidiary of Ariana, in exchange for total cash consideration of GBP90,000 to KEFI.

-- Dogu owns a 2% NSR on the Kizilcukur Project and KEFI's exploration database on Turkey (compiled since 2007), which will complement and enhance the existing databases of the Company.

-- Initial payment of GBP15,000 made to KEFI to confer exclusivity during a one month final due diligence period.

-- Staged payments to be made by the end of 2019 to complete the agreement.
Dr. Kerim Sener, Managing Director, commented:

"The acquisition of Dogu from KEFI is an important development for the Company as we look to progress and further de-risk the Kizilcukur Project. In particular, the acquisition of the NSR royalty on Kizilcukur ensures that we limit any extraneous financial impacts on any future operation at this site. Meanwhile we are gaining exclusive rights to a significant exploration database covering Turkey which was compiled by KEFI over several years during their time in the country. Furthermore, we intend to make use of Dogu as an entity through which we can develop new project opportunities for the Company, enabling us to keep them distinct from our operational entity in Turkey, Galata Madencilik, and our other project interests in the country."

Kizilcukur Project

The Kizilcukur Project consists of one operational licence located in the Balikesir Province in Western Turkey (coordinates: 626150 mE; 4360440 mN). The property lies 22km to the northeast (straight line) and 70km by road from the Kiziltepe Sector of the Company's Red Rabbit Project. A royalty will be payable to Dogu Akdeniz Mineralleri San. ve Tic. Ltd. of 2% Net Smelter Return on commercial production from the Project. Ariana has the option to sell the project to Zenit Madencilik San. ve Tic. A.S. (the operating company for the Kiziltepe Mine) at three times the exploration cost.

The Project covers an area containing a series of sub-parallel quartz veins hosted by ophiolitic units that trend northwest and extend for about two kilometres. The veins exhibit classic low-sulphidation epithermal features and attains a maximum true width of 8m. The Zeki vein extends over a strike length of 820m. Composite rock-chip sampling of 80m strike along this quartz vein returned encouraging assay results of 6m at 3.3 g/t gold, 2m at 9.6g/t gold and 1m at 7.2 g/t gold prior to drill-testing. The peak rock-chip assay result in this area was 152 g/t gold and 1,320 g/t silver.

A JORC 2012 compliant Mineral Resource estimate was prepared for the Kizilcukur Project and Whittle optimisation conducted in 2016 identified the potential for the development of three open pits. The Mineral Resource in Indicated and Inferred JORC categories stands at c.308,000 tonnes at 2.11g/t gold + 73.4g/t silver (for 33,000 oz gold equivalent) and demonstrates potential for further growth with additional drilling. The management resource target for future exploration at Kizilcukur is currently 500,000 tonnes at >2 g/t gold + >70g/t silver.

Trial mining commenced within the central part of the Zeki Pit during 2017. This pit is the largest and highest grade of the three pits defined following Whittle optimisation of the Kizilcukur resource. The General Directorate of Mining Affairs approved blasting operations on the licence as part of the Mining Permit (as announced on 18 November 2015). Further trial mining is being planned for 2019/2020.

[temujiin] 16/10/2019 07:07

If you believe that TDC, why don't you take out a short position and say that's what you've done?

I never see any posters who say it'll decline to this price or that, ever declare a short position, probably because they aren't at all confident in their negative stance.

Turkey's venture into Syria has already lost it's headline appeal as Kurds withdrew without much of a fight. I don't agree with Trump actions, but talk of Turkey being a 'rogue state' is hyperbole at best.

[shortarm] 16/10/2019 07:02

Thank you for your kind unselfish advice.Now, back in your hole x

[the_debt_collector] 16/10/2019 06:08

There are some fools here hanging on hoping the share price will recover, Turkey is becoming a rogue state.

Sanctions are being imposed by many EU members, the US are now stopping talks re a $100b trade deal. What next?

Only a matter of time before exchange controls and a crash in the Turkish economy, bound to be selling of Turkish equities by funds.

Do you want your hard earned invested in Turkey right now ?

Some realists here suggesting AAU might hit 1.2p - given recent events below 1p is possible.

Smell the coffee folks, sell AAU while there is still a bid.

[swallowsflysouth] 16/10/2019 04:47

The financial experts say that forums such as this cannot affect the share price of companies. I guess i have a contrarian view of that opinion. While it is true of large companies such as Shell, small companies such as AAU are dependent on their small 'pi' investors not large institutions investing in them. So for small companies sentiment can quickly affected the share price Trolls blowing things out of proportion, deliberately tryig to throw 'SAND' in the eyes of investors, trying to cause a 'STORM' in a teacup for their own purposes are i guess just part and parcel of these forums nowadays. We as pi's need to see this behaviour for what it is and deal with it as appropriate.

[temujiin] 16/10/2019 00:10

Sentiment is certainly a moving feast. Geography though, is pretty fixed, and AAU's gold producing highly profitable mine is approx 800KM away from the nearest part of Syria. The conflict should absolutely have zero effect on AAU's operation and those selling off for that reason alone, are imo mistaken.

If I can move money around quick enough, I'll happily be adding to the 3m I already have here at these prices.

[jc2706] 15/10/2019 22:15

Sentiment for things like oil and gold is like a super tanker. Changing direction can take a long time but news items, either directly or indirectly, will gradually affect it. For small companies the process can be a great deal quicker and more dramatic.

[2tyke] 15/10/2019 21:49

Stock prices may 'react' to various factors...but there is only one driving force.
Much like the crude oil price recently reacting upwards during the Saudi explosions. This was never going to alter the driving force which is taking the crude oil price lower and lower. You might call the outside factors 'noise'.
Same with gold. It may 'react' to all sorts of factors, interest rate expectations, political events etc.
But it's being driven in a certain direction. Outside events won't change that.
That will change when the price hits the bottom.