Ariana Resources Share Discussion Threads

[8rad] 01/5/2020 11:26

Gold down to 200metres! I trust the new partner has deep pockets to match.

[charles clore] 01/5/2020 11:18

Great news so long awaited well done AAU and well done to patient shareholders!

[thanksamillion] 01/5/2020 11:17

Good RNS and the chart looks good too, also mentions continuing repayment of remainder of loans from Ariana and Proccea, anyone know who much these loans amount to?

[bigglesbingham] 01/5/2020 11:01

I am on a similar wavelength to KS and MDV in term of decisions simple as that pal. No mention of divi but really nice update re drilling. Great news.

[gaddy88] 01/5/2020 10:57

100% REPAYMENT OF CAPITAL LOANAriana Resources plc ("Ariana" or "the Company"), the AIM-listed exploration and development company operating in Europe, is pleased to announce the completion of the repayment of the construction capital loan of US$33 million to Turkiye Finans Katilim Bankasi A.S. by Zenit Madencilik San. ve Tic. A.S., the 50:50 Joint Venture company between Ariana and Proccea Construction Co. ("Proccea"), owner of the Kiziltepe Mine.

[plasybryn] 01/5/2020 10:12

Don't over do the self congratulatory adoration Biggles. Ha ha. We'll all be wearing those corporate Ariana Polo neck shirts soon and singing gold is the colour.

[bigglesbingham] 01/5/2020 10:08

I do like this board, we can agree or disagree but the comments are always constructive and long may this continue. It's an intelligent company with an intelligent bulletin board

[crossfirecssf] 01/5/2020 09:52

Agreed Pharm. And meanwhile we’re forming a triangle formation on the tail end of a continuation head and shoulders.

Yes, it could break up or down, but as you say, the clearance of debt and resulting profit margins (cash is king right?) indicate to me that the odds are significantly in favour of a break upwards towards 5p. As always in these cases, I don’t think we’ll have to wait long to find out.

[ironstorm] 01/5/2020 09:48

I am still all for this deal (subject to seeing the detail). Cash return brought forward is my main reason, plsu acceleration of the many opportunities.

However the longer it goes on with increasing cash balances from the existing JV, plans for Tavsan and other acreage might make me re-consider this. My biggest concern on this is that Salinbas is going to take a lot of proving.

Covid 19 is causing much pain, but holding this share for 2 months does not feel like pain, with PoG, production and debt free announcement due. Its a fsct of life big companies won't what to commit large sums at this point. In the middle of summer when C19 is pausing for breath - am sure it will all look much rosier.

[charles clore] 01/5/2020 09:39

I could perhaps understand it better if the JV was solely for the purpose of developing Salinbas and bringing it into production. Where I am unsure about is how the rest of the company's assets and projects fit in. That is what needs to be explained. I think I might feel a whole lot better when that happens.

[soulsauce] 01/5/2020 09:15

Spot on indeed.

[1candc] 01/5/2020 09:14

Spot on Pharma

[pharmoutcomeszzz] 01/5/2020 09:08

Well, the announced delay doesn’t seem to have harmed the share price much anyway after this mornings bounce back.And why should it-
Debt free
Gold to take off as realization of horrendous damage done to the worldwide economy by the virus, rather than the virus itself,becomes clearer.
Excellent , consistent production target success.
Prospect of even better deal.
Understandable delay to deal but strong signals still to go ahead.
Prospect of dividend.
Cash in hand for KS to work his magic.
Several exciting projects on the horizon.
What’s not to like!

[1candc] 01/5/2020 09:07

Agreed Gaddy88 and Biggles, patience is required, I am sure the company are doing everything possible to secure a good outcome. In the meantime debt free AAU will be making a shed load of profit from the current POG and oil price collapse.

[kirbs4] 01/5/2020 09:03

I think the point it they probably dont want to. I doubt very much it is a conscious operational decision, it is a product of current circumstances making it impossible.

[8rad] 01/5/2020 09:01

The most bemusing part of all this is why do they want to extend DD at all.Clearly for them to gain 53% of a debt free cashcow with unlimited potential for minelife extension beggars belief. I just hope that they will pay handsomely for such stupid dithering or leave us and Proccea to get on with what we are good at...making lots of money.

[soulsauce] 01/5/2020 08:40

Agreed Gaddy88.

[bigglesbingham] 01/5/2020 08:38

I've raised this point a number of times regarding minority holding and I've been assured that minority protection in the contract is an important part of the contract and who knows that may be one of the points which is being haggled over. I don't know but sure there are many point which are being haggled over in a deal so important and influential to AAU.

[bigglesbingham] 01/5/2020 08:33

I'm not getting why people are surprised about a delay it's absolutely no indication as to how the future JV will operate. I've suggested an extension for some time now and openly indicated it would be until early summer, that's not based on discussions with AAU but my personal experience of dealing with business at this difficult time. Answers to questions takes weeks rather than days and things need to be correct. Yes there's impatience but let's be logical and assess what's happening out there. Turkey is in total lockdown apart from miners. So lawyers and other facets of new JV partners business are going to be facing difficulties never seen before . Frankly I find this impatience uncalled for and unhelpful.

[gaddy88] 01/5/2020 08:29

Tem - AAU will just continue to work to their own timetable, as they already are, selling into a favourably priced gold market. No mans land seems a bit of a steep description to me as Covid is literally redefining the global economy on a scale not seen for nearly a century and I believe it to be honest that it may have had an some effect here. Bananas to think it has not. I would happily take a few months delay and make some extra dollar in the meantime.

[charles clore] 01/5/2020 08:28

I keep thinking of the old saying 'two is company, three's a crowd'. Could three really be good for us? I wouldn't mind if it was split equally 3 ways but with AAU and Proccea having 23% each the new partner will have the overall majority of shares in the new venture so they can easily outvote us. I can't quite see how it all fits together yet but I hope we will be told before everything is cemented into place.

[bigglesbingham] 01/5/2020 08:24

They are drilling what they can, the drill kits cannot be flown from Perth but they are continuing other drilling. That nothing to do with deal it's covid 19 restrictions. What big ticket items do you think they would be doing differently if deal never existed in this climate?? Beg to differ on this one I think .

[shortarm] 01/5/2020 08:21

I would imagine the actual deal makers know the outcome... Paperwork and signatures are slower...