Ariana Resources Share Discussion Threads

[2vdm] 28/7/2020 09:36

Doubt if institutions are interested in AAU, as it's small on their typical radars. Got in here recently with a LT view. Like the company, particularly the mngt and the prospects goinf fwd. Agree that the sell off is short term traders getting out on the news. The question for me is at what price do you top up. Views appreciated

[bigglesbingham] 28/7/2020 09:33

These are just traders a lot following Shareprophets top slice advice who will come a cropper in a month or so

[soulsauce] 28/7/2020 09:30

Done CSSF.

I see the smash down have started on the PoGs. I have seen reports saying we should expect this and may very well see fluctuations of $50 or more a day but shouldn't be at all worried by it.

[ramas] 28/7/2020 09:29

Just profit taking from overweight longer term holders , could be an opportunity to top up in coming days , even for instis but that's hoping they will want to put new money in . I can see this as a potential target in the next year or so if the gold price plays ball , imho dyor etc

[gary hindsight] 28/7/2020 09:22

Very happy with results and progress here surprised about all the initial selling. So much chatter about waiting for results to validate progress and when they come out people sellIf you invested here because you believed in the company I am not sure what there was in those results to make you think you made a bad call

[crossfirecssf] 28/7/2020 09:15

Soulsauce, I’ve popped a post on the PALM board and if you’re able, a brief response re your opinion just at some point would be very much appreciated, cheers.

[plasybryn] 28/7/2020 09:08

EPS of 0.65p & P/E of 6 and costs of US$507. Targeting 10 year mine life at Kiziltepe.
Underground & Open Pit work, Tavsan from 2022, Salinbas & beyond, Cyprus. What a story.

[plasybryn] 28/7/2020 09:06

Agreed Biggles - Salinbas has also seen extensive work during the year, achieving proof of concept on both the origin and potential extent of this very large mineral system. The area has attracted significant international interest following the spectacular recent drilling results from the nearby Hot Maden project, validating the perceptive decision by Ariana to continue investing in this region.

[bigglesbingham] 28/7/2020 09:00

Salinbas is going to become more prevalent imho

[cyberbub] 28/7/2020 08:55

Remember that on AIM, good news always leads to a selloff.But the medium/long term prospects here are still the same: excellent, IMO.

[pastybap] 28/7/2020 08:53

I'm relatively new to this company, but been gradually adding to gold exposure in past couple of months. Really like the tone of the report. Management come across as positive, yet very genuine.

[theduke420] 28/7/2020 08:35

I love this company. Thanks to all team and management for hard work and great consistent results.Agree with Philby, disappointed no mention of ariana polo shirts for share holders lol

[risa5] 28/7/2020 08:26

Ariana Resources delivers nearly £7mln of profit on low-cost gold production in Turkey
Ariana Resources is well-established as a producer in Turkey

Ariana Resources PLC (LON:AAU) returned a profit before tax of just under £7mln for the year to December 31, 2019.

The profit came as the company continued to enjoy revenues from its Kiziltepe gold mine in Turkey, where operations are now well established.

“This has been another outstanding year for Ariana, which has delivered production and profitability well above its plans,” Ariana chairman Michael de Villiers said in the full-year results statement.

“The Kiziltepe mine, which is held within Zenit Madencilik (a 50:50 joint venture with Proccea Construction Co.), achieved gold production of 27,985 ounces, 12% above production guidance at an average cash cost of just US$507 per ounce. This, once again, places the Kiziltepe mine comfortably amongst the lowest-cost gold producers in the world.

"The profitability from our Turkish operations has enabled Ariana to report a significant improved earnings per share of 0.65p and a price earnings ratio of 6, which is a respectable position in the junior gold mining sector,” he added.
PI

[bigglesbingham] 28/7/2020 08:22

No I can't see why they would want to do that. The JV is happening so why delay news it won't have any impact on JV unless they find a multi million ounce find but even then I think KS has got his eye on Salinvas as being the major prize with the potential targeted additional 2.4 million ounces.

[soulsauce] 28/7/2020 08:22

Great minds CSSF.

I think it just reads to me that they think, or may be already have, energy companies sniffing round to get on board to progress copper developments as a sure source of the red metal which is going to get in ever tighter supply.

Or am I reading too much in to it.

[crossfirecssf] 28/7/2020 08:18

Posted at the same time there Soulsauce, but very interesting segment. There’s a real sense of confidence and future purpose in the words and analysis. I do believe that they are now seeing the future far more clearly,... that future being as a big player. Winning is a great habit to grow and nurture.

[mad foetus] 28/7/2020 08:16

Biggles do you think there may be a bit of a go slow on news until the JV is signed off? There's certainly lots I'd like to hear about

[crossfirecssf] 28/7/2020 08:13

Excellent point re the positive future statements regarding future actions. Given the sometimes almost frustratingly high level of caution, it says a lot that they’re now making pretty confident assertions. If these latest also fall into the under promise and over deliver model, we can only wonder re. the resulting delivery!

[soulsauce] 28/7/2020 08:13

Thought this particularly interesting:-

We have made significant progress across our pipeline of strategic projects in Turkey and for our new earn-in focused on Cyprus. For the latter, we are not alone in recognising the potential of this ancient source of copper, which also appears to host significant and previously unrecognised gold potential. Consequently, Ariana is very well positioned to deploy existing resources and attract other industry partners to contribute to the development of an attractive portfolio of prospective development assets. With the shake-up in the resources sector, it is probable that we will see other industry sectors, such as energy, starting to look at the minerals sector to progress their long-term green development objectives, given that the decarbonisation agenda requires the identification and consumption of substantial mineral resources.

[bigglesbingham] 28/7/2020 08:09

A number of drilling result expected too. I'm keen to see underground potential at kiziltepe

[crossfirecssf] 28/7/2020 08:06

Always leaks beforehand. Nudge nudge, wink wink. Just something to get used to. There’s every possibility of a flat to slightly down day today, but hopefully I’ wrong.

We just need the icing on the cake regarding the JV becoming ‘official̵7; with a good sound strategy on Salinbas, a Dividend, and last but by no means least, Tavsan on stream. If it isn’t at full value following that little triumvirate of announcements, I’d be amazed. Well I wouldn’t at all actually, but I should be!

[bigglesbingham] 28/7/2020 08:04

Absolutely

[mad foetus] 28/7/2020 08:03

Biggles I agree re newsflow just saying that the future is more exciting than these (excellent) results.

[bigglesbingham] 28/7/2020 08:00

I think the share price increasing is the overall message rather than accounts due. It was heavily muted that they'd be issued by end July. Let's see what happens today

[kaos3] 28/7/2020 07:46

I wondered why share price shot suddenly . RNS was in the pipe ;)

good performance