Ariana Resources Share Discussion Threads

[texaschaser] 01/5/2020 18:03

Back to 2.

[backmarker] 01/5/2020 17:27

I was surprised this dipped again. Didn't have the cash the last time it dipped but do now so happy to have another chance to add at 3.125p.

and I'll add a few more below 3p given the chance.

as I've said before AAU currently offers a great 2-way bet.

I put delays in movement on the "new deal" as probably down to lawyers - let's face it they are slow enough in normal times. OR, perhaps issues with the business of the new partner due to covid are also quite possible; if they are not already in mining then maybe their existing business is in lock-down whereas miners aren't.

assuming also the deal as described looked good to New Partner some months ago, it must look even better now, to the extent that adjustment of terms (in AAU's favour) seems a possibilty.

in the meantime AAU continues merrily on, and the delay in finalising a deal may mean AAU receiving a dividend from the ongoing (and now debt-free) operation prior to such finalisation.

[renniks2016] 01/5/2020 17:22

Was in 10 years ago, and out, back in and out, now I'm more risk adverse and not so hot headed, grown up a bit, I do more research and this one I've been building on steadily over the last year, to a point where it gets very exciting for me, the more I look, the more I like, I believe there is a lot more to this one then meets the eye, and even if i'm wrong with my 'hunch' about KS's plans for the future, there is still the glaringly obvious fundamentals, that in my humble opinion make this a steal at anything below 3.5p and even at that level I'm probably being greedy! not bragging just happy, (and excited for a change) have a great weekend guys and must say this is one of the most interesting boards I've had the pleasure to participate this.

[thanksamillion] 01/5/2020 16:43

Not sure how long you've been in here renniks2016 but we ALL believe you have made a good investment here. Not many companies you can post a remark like that on a BB without getting a good slagging off from the neigh sayers.

[renniks2016] 01/5/2020 16:37

Just out of curiosity I've calculated that if you exclude the major share holders I have 2% of outstanding! so up to my chest and looking forward to getting up to my neck if we dip below 3p on the bid. but not today.

[bigglesbingham] 01/5/2020 15:27

This is all creating a platform at around 3p I'm comfortable with price action

[thanksamillion] 01/5/2020 15:21

Good buy-in/top-up op.

I am already up to my neck in AAU, even after my top slice, which was done for my own reasons.

[bigglesbingham] 01/5/2020 15:03

The pattern of small sells looks like a top slice recommendation by press

[charles clore] 01/5/2020 14:58

The price action here is totally detached from all reason.

[1candc] 01/5/2020 14:50

A rush for the exit, did I miss something while I was out walking the dogs? If it keeps on like this I will have to invest in some more.

[dixi] 01/5/2020 14:47

Great news, but have I missed something? Surprised to see the price down. Must be 'sell on the news' at work again?

[charles clore] 01/5/2020 13:20

biggles - no problem.

[bigglesbingham] 01/5/2020 13:12

Sorry for confusion .

[charles clore] 01/5/2020 13:10

shortarm - ok, thanks for explaining that.

[shortarm] 01/5/2020 13:00

Charles, Ariana won't pay anything for development at Salinbas.... Boggles was answering an earlier question.

[ironstorm] 01/5/2020 13:00

Superb. Shows the strength of RR and if nothing happens on the new Jv - well the existing one is well placed to rinse and repeat on Tavsan which I think our Turkish bankers will be very happy to advance us.

Never minding everything else.

Well done board and of course bulletin board.

A celebratory drink later is well deserved.

[risa5] 01/5/2020 12:55

Ariana Resources boosted as US$33mln loan is repaid

“This serves to demonstrate the strong operating credentials of the JV and the profitability of the Kiziltepe Mine,” the group's MD Kerim Sener said

Ariana Resources PLC (LON:AAU) has announced the repayment of a US$33mln capital loan by the company’s 50% owned joint venture company, which in turn owns the Kiziltepe Mine.

The loan was repaid according to the scheduled payment dates, which ran up to the end of April 2020.

Ariana managing director Kerim Sener described it as a fantastic result for the company. “This serves to demonstrate the strong operating credentials of the JV and the profitability of the Kiziltepe Mine,” he said in a statement.

“While the life of mine average revenue per gold ounce is US$1,478, we also expect that this buoyant price environment will likely remain under current macroeconomic circumstances," Sener added. “Meanwhile our new exploration drilling programme which commenced late last week at Kiziltepe is proceeding as planned.”

He noted that the new programme is designed to follow-up successful deep drilling completed at Arzu South last year.

“We are pleased to report that vein mineralisation has been encountered in the first of the new drill holes, which terminated at about 200m depth, demonstrating the vertical continuity of the vein system as predicted. This bodes well for the future development of the Kiziltepe Mine, as we consider its transition to underground operations in the future," he added.
PI

[charles clore] 01/5/2020 12:52

biggles - they?

[bigglesbingham] 01/5/2020 12:46

They expect a free ride on proving up salinbas which is one of the main reasons for the deal in first place

[thanksamillion] 01/5/2020 12:17

soul

No, quite happy with the way thing are, in any case the share price has only returned to where it was when I reduced. AAU had become far too large a proportion of portfolio, so it was a much needed excercise in prudence, and was after all only a top slice. Pretty confidant that the new home will return similar rewards. I expect to be more active than I have been in moving funds about in future, I see the potential for lots of huge, once in a lifetime, opportunities in the coming months.

Good luck to all.

[kirbs4] 01/5/2020 12:16

Im starting to feel important, yesterday i demanded rns about delay and it came midday, then i asked for confirmation of capital debt free today and there it is haha!

[renniks2016] 01/5/2020 12:07

The 100% owned Salinbas Gold Project is located in north-eastern Turkey and has a total resource inventory of c. 1 million ounces of gold equivalent. The project comprises three notable licence areas: Salinbas, Ardala and Hizarliyayla, all of which are located within a multi-million ounce Artvin Goldfield. The "Hot Gold Corridor" contains several significant gold-copper projects including the 4Moz Hot Maden project, which lies 16km to the south of Salinbas and 7km south of Hizarliyayla.

The main 1 of 3 reasons I believe the deal will be done, imho I believe KS & Co will use the cash to prove then develop Salinbas, plus a couple of surprises outside Turkey to really take us to the next level! new JV takes care of everything at RR (with guidance from AAU)Proccea takes care of the new mine. we take care of us!

[soulsauce] 01/5/2020 12:00

The Turkish Bank must be very impressed with Zenit (aka Ariana & Proccea) and I am sure will ensure they get very good terms for Tavsan.

[claretandbluedave] 01/5/2020 11:55

Glad that the co sent out this RNS. Debt now fully paid, gold being produced, new mine in couple of years, maybe joint venture, maybe not, but slowly and surely moving forward, nice little divi would be a good move now and keep us in the news.