Ariana Resources Share Discussion Threads

[bigglesbingham] 26/3/2020 08:03

I keep harping on about fundamentals but yet again ours get stronger and stronger. Once the external difficulties subside this will fly deal or no deal.

[bigglesbingham] 26/3/2020 08:01

Back at you Charles!!!

[charles clore] 26/3/2020 07:50

I can imagine the smile on biggles face this morning.

[shortarm] 26/3/2020 07:35

1.6 million! POUNDS1.9 million Dollars!

[temujiin] 26/3/2020 07:03

DIVIDENDS PAID .... to our company :)

MAIDEN DIVIDENDS FROM SUBSIDIARY

Ariana Resources plc ("Ariana" or "the Company"), the AIM-listed exploration and development company operating in Europe, is pleased to announce a financial update for the Company.

Following the receipt of funds from Zenit Madencilik San. ve Tic. A.S. (owner of the Kiziltepe gold-silver mine), the Company advises that it has recently received its maiden dividends from its wholly-owned Turkish operating subsidiary Galata Madencilik San. ve Tic. Ltd. ("Galata"), following a declaration of profit by Galata. A total of GBP1,600,000 has been transferred to Ariana.

Dr. Kerim Sener, Managing Director, commented:

"The maiden dividends from Galata represent the culmination of many years of effort by the Company and mark the moment that its subsidiary became the cash-generative engine of growth for the Group.

"Since early 2018, Galata has received a total of US$7.3 million from Zenit to repay intercompany loans and as partial dividend payments, as a result of its profitable gold mining operations at Kiziltepe. Ahead of the March 2020 AGM of Zenit, all outstanding dividend payments declared by Zenit were paid to Galata. This has enabled Galata to repatriate profits to its parent company in the form of dividends."

[silvercoast] 25/3/2020 22:22

CORONAVIRUS STATS, NEWS, SYMPTOMS, INTERACTIVE MAP

[soulsauce] 25/3/2020 22:05

Not only the current gold price bigglesbingham but also savings in fuel costs.

[8rad] 25/3/2020 21:09

Well whats the most valuable thing on the planet right now in the current climate...a debt free cashcow of course.

[bigglesbingham] 25/3/2020 18:58

To me it's inconceivable that the potential deal won't be extended. Three parties have their own businesses to sort out then you've got lawyers who take an age anyway let alone with an excuse like corona virus . I'd say end April or even end May. Suits me it allows me to transfer into ISA at depressed prices which will help with potential dividend. Reports mostly saying Gold to exceed $1900 now unlimited QE in states. The current gold price must have benefited us tremendously over last quarter even after debt paid.

[8rad] 25/3/2020 18:15

JB well put.

[jbilt2004] 25/3/2020 17:24

That said, the JV news could potentially be delayed for other reasons related to the crisis, but not because of the FCA. Whatever happens i think Ariana is one of the safest + most secure plays on the gold price on a risk reward basis. I also think the company is in an excellent position to look to capitalise on emerging opportunities and I think we are bound to start seeing some corporate action taking place in the sector once the panic phase subsides.

[jbilt2004] 25/3/2020 16:55

In a word, no. This has no relation to the release of any regulatory news. The moratorium on releasing preliminary results is because of unprecedented challenges that auditors are facing due to the crisis."It said companies needed to give due consideration to the impact of coronavirus on their results and said: "Observing timetables set before this crisis arose may not give companies the necessary time to do this."The FCA also said that listed companies and auditors are facing unprecedented practical challenges during the coronavirus crisis.Look at this for more info: httPS://www.google.co.uk/amp/s/www.cityam.com/coronavirus-fca-urges-companies-to-delay-publication-of-preliminary-results/amp/

[paul280i] 25/3/2020 16:43

On 21 March 2020, the FCA issued a strong request to all London listed companies to observe a moratorium on the publication of financial statements for a minimum of two weeks.

Will this delay any new details of the JV or drill results?

I think it will but not sure.

[swallowsflysouth] 25/3/2020 10:17

Biggles, i know, like others i guess been involved with gold since 2008, propping up the market is the logical thing to do now. Think i over-analyse and look to far ahead to what will they do next time market in trouble etc. Need to stay more in the current situation and not think so far ahead, just a bit ahead of now. Thank you Biggles.

[bigglesbingham] 25/3/2020 09:26

Oh right thought it was specific to AAU. We've had half billion under management and it's been a stressful six weeks explaining situation to clients but experience says that you have to be strong and not panic. Many investment professionals are lemmings and ignore logic. Markets in Uk up 9% yesterday and 5% today but panic when markets hit 5000 would have meant those individuals would not have benefitted. Problem of playing the market via timing is that there are two decisions to make not only when you get out but when you get back in. When you have taken money out you invariably wait for a bottom in the market to justify your initial decision to withdraw. The problem here is you don't want to look foolish so you tend to wait too long to go back in and in a fast moving volatile market as we have now, result in deciding to go back in when the markets are actually higher. So best to stay put if you have a medium term outlook.

[swallowsflysouth] 24/3/2020 21:43

Sorry Biggles, stockmarket crash. Just me having a wobbly moment

[bigglesbingham] 24/3/2020 21:25

When what happened?

[swallowsflysouth] 24/3/2020 20:24

Biggles, i hate all this when it happened last time, this time is even worse.

Good luck, and the best of health to all

[bigglesbingham] 24/3/2020 18:18

Be happy with a couple more of those days

[bigglesbingham] 24/3/2020 14:56

Fundamentals and cash always shine through

[gaddy88] 24/3/2020 14:46

Nice to see this returning to better times.

[bigglesbingham] 24/3/2020 14:33

That geared five times???

[ekuuleus] 24/3/2020 14:23

Mining tends to be isolated anyway.

[carcosa] 24/3/2020 14:19

I note that some countries, e.g. Canada, consider mining, including Gold, as essential services during a 'lockdown'; whereas other countries declare the opposite.

Any opinion regarding which way the Turkish government may go? Personally I am of the view that mining is likely to be an 'essential' service...