Ariana Resources Share Discussion Threads

[pranchalee] 02/4/2020 08:06

He must have something in mind for this money

[bigglesbingham] 02/4/2020 08:04

Who'd sell into news like this , when rns stating cap ex debt 100% paid off round corner along with quarterlies, and potential $30m coming our way?? Bizarre

[temujiin] 02/4/2020 08:03

If anyone has any doubts as to what Kerim will find with $30m
=============

Kerims ability to find gold at our 51% owned Turkish licence isn't in question, it's whether or not reducing our stake to 23.5%, in the gold mine and highly profitable and very prospective area is worth just $25m.

[renniks2016] 02/4/2020 07:43

$15 oz if I remember rightly, who can match that! Great results and further confirmation of value. well done!

[bigglesbingham] 02/4/2020 07:38

If anyone has any doubts as to what Kerim will find with $30m at his disposal just look at the track record of discovery. One of the lowest exploration dollars per ounce in the world and a further example in today's RNS. The RNS is excellent and the area localised but if you look at the bigger as well then this becomes exceptionally cheap.

[catsick] 02/4/2020 07:36

Very nice grades there right at the surface, will be some very profitable ore

[soulsauce] 02/4/2020 07:32

Lovely jubbly!!

Will supplement RR very nicely.

[oilbuy] 02/4/2020 07:24

That's some RNS !

[carcosa] 02/4/2020 07:14

Full Link with pic:

[temujiin] 02/4/2020 07:07

The good news keeps rolling in :)

KEPEZ RESOURCE DEVELOPMENT UPDATE

Ariana Resources plc ("Ariana" or "the Company"), the AIM-listed exploration and development company operating in Europe, is pleased to announce the completion of rock-saw channel sampling at Kepez North ("Kepez"). Kepez is part of the Red Rabbit Joint Venture ("JV") with Proccea Construction Co. and is 50% owned by Ariana through its shareholding in Zenit Madencilik San. ve Tic. A.S. ("Zenit").

Highlights:

-- New rock-saw channel sampling intercepts confirm earlier results at Kepez, including:
o 14.2m @ 10.77 g/t Au + 93 g/t Ag

o 10.0m @ 11.45 g/t Au + 73 g/t Ag

o 4.0m @ 3.64 g/t Au + 34 g/t Ag

-- Scree sampling grid identifies a larger area of highly mineralised and broken material at surface, with grab sample results including:

o 36.37 g/t Au + 247 g/t Ag

o 35.36 g/t Au + 200 g/t Ag

o 27.00 g/t Au + 124 g/t Ag

-- Kepez is being integrated into the 2020 resource estimation for Kiziltepe and is being assessed in conjunction with associated pit optimisation studies.

-- New drill programme has been planned to further test the Kepez resource area and forestry submissions are underway.

Dr. Kerim Sener, Managing Director, commented:

"This additional work at Kepez was required in order to confirm our resource estimation at this important, high-grade satellite for the Kiziltepe processing plant. The in-situ grades and the widths of mineralisation reported add significant confidence to earlier work and will result in a more robust mineral resource estimate. We envisage this area being developed as a series of shallow open-pits producing ore which will be trucked approximately 14km to the Kiziltepe plant for processing."

[bigglesbingham] 01/4/2020 22:49

Filter me thinks . Anyone who comes across that arrogant without bothering to do any research doesn't warrant a response.

[soulsauce] 01/4/2020 22:10

Yes seagreen you are totally missing something.
Start with the above post.

And how does production fall short? They beat guidance every year.

[temujiin] 01/4/2020 22:00

Seagreen, if you can do the maths on the Nov RNS below, you'll see the proposed JV partner, values AAU at approx $71m, or £57m, or 4.8p/share. Their understanding of AAU's value, is likely to be more accurate than your own.



25 November 2019

NON-BINDING MoU FOR SALINBAS JOINT VENTURE
The MoU contemplates the disposal of various interests to the Proposed Partner, including 17% of the Salinbas Project for US$5 million and jointly with Proccea, 53% of Zenit for US$50 million (to be split equally by Ariana and Proccea). Furthermore, the Proposed Partner will then inject US$8 million of equity into the Salinbas Project via an earn-in arrangement and organise the bank finance to enable this project to be brought into production.

[seagreen] 01/4/2020 21:28

OK I am baffled why everyone thinks this penny stock with a modest profit a modest gold production (which usually fails to reach its forecast) in Turkey (fairly dodgy)and Cyprus (quite dodgy) for 2020 and an overly complex financial structure is worth a market cap of £32M...

This is trading at a premium to NAV as per accounts of June of £21M in fact this is a premium of 50%

I presume I am totally missing something or something has happened in last six months or the thing that is about to happen re new structure deserves this heady market cap

Has anyone done the maths or do I have to start from scratch any estimate on the new structure Balance sheet will look like?

[bigglesbingham] 01/4/2020 17:23

Ahh I thought Andy bell of AJ Bell , we used to be in same footy team ( the ritics) while he was training as actuary before he set up AJBell sound guy apart from being a scouser

[pranchalee] 01/4/2020 16:52

A lot of people have taken a kicking lately so little profits are being taken but gradually the price will rise,the spread here is to big to trade every day

[pranchalee] 01/4/2020 16:28

3p will get smashed in the coming days

[soulsauce] 01/4/2020 16:23

Baulked at 3p again doh.

[soulsauce] 01/4/2020 16:22

Red Rock Resources and total moron CEO.

[bigglesbingham] 01/4/2020 16:05

Andrew bell?

[kaos3] 01/4/2020 15:56

Andrew Bell model without BS. really doing it

[renniks2016] 01/4/2020 15:35

A lot of media coverage today! I think that is entirely feasible.

[temujiin] 01/4/2020 14:59

3p - 3.1p
Be nice to close above 3p again.

[soulsauce] 01/4/2020 14:08

And an excellent opinion indeed Kirbs.