Ariana Resources Share Discussion Threads

[soulsauce] 31/7/2020 09:50

cyberhub quite a few of us from here are in Palm and Chf.
The Kerim connection with Palm and the Cyprus connection with Chf, both small market caps both main listed, both small number of shares in issue, both with a team of excellent geologists that you don't usually find at such lowly valued companies.

[c0lin1] 31/7/2020 09:41

If you are looking for PM miners then they probably all will 10 bag but altn looks most likely

[cyberbub] 31/7/2020 09:38

On that subject, does anyone on here have any ideas for similar 100-baggers?! :-) Well a 10-bagger would be OK too :-). I have some funds looking for a home. I have enough AAU so thinking somewhere else. Thanks for any tips, I will DMOR...

[bigglesbingham] 31/7/2020 09:30

Think he mentions it because he turned 35k into 3.5 million

[soulsauce] 31/7/2020 09:23

Kind of ironic that we have waited all these years for PG to get some institutional investment on board and now they would only want in by means of a share issue. Well tough titty I say.
The share price has been subdued for so long with this being a retail PI held share at the whim of the tipsters taking bits off the top at each incremental rise.

Well those days are changing. Ariana is coming of age and anyone who wants in are going to need to pay for it.

[cyberbub] 31/7/2020 09:20

Paulie, £50M *is* a fairly high market cap amongst the dross of AIM. LOL

[1candc] 31/7/2020 09:14

After all these years of being in AAU I can still be amazed at the subdued reaction to fantastic news, e.g adding 500k resource to Salinbas, record Year end results that will be eclipsed by future quarterly sales reports as the Gold and Silver price storm ahead, the JV, dividend, $30m minimum, Cyprus etc etc. Surely we should be higher valued than now, there's a disconnect somewhere, perhaps a note from Panmure Gordon would help, I remember someone saying one was imminent?

[pauliewonder] 31/7/2020 09:09

Agree, although there are some IHT mitigation portfolios ie AIM portfolios done through companies like Octopus. These will clearly be AIM companies but generally speaking, they focus on high market cap shares within AIM. Not unrealistic though that AAU could become an investment in one of these.

[2vdm] 31/7/2020 07:58

Generally institutions don't look at minnows like AAU. They will have be invested in much bigger companies, the sort that might acquire smaller profitable ones. I hope we will be left alone until this is a multiple of where we are now.

[plasybryn] 31/7/2020 07:30

Our Market Cap. is finally over £50m. Does this mean some Institutional Investors might have us potentially on their buy list? I wonder if Panmure Gordon think this figure is significant? But perhaps again there is no way for them to buy in, but by the open market which they are understandably reluctant to do.

[pauliewonder] 31/7/2020 06:42

Gold having another crack crack at 2000 and silver up strongly this morning too. Seem like a broken record but good for the co.

[bo doodak] 31/7/2020 01:43

Its interesting that Kerim keeps drawing attention to that Asgard Metals transaction, which was some time ago now. I wonder if he intends Ariana taking a direct stake in Panther Resources at some point in the not to distant future.

[bigglesbingham] 30/7/2020 20:08

Few goldies were hit today bit of profit taking , bulk of Ariana news is to come hopefully.

[kaos3] 30/7/2020 19:56

must check the bottom heh heh

[paul280i] 30/7/2020 19:51

Let's see those figures tomorrow!

[someuwin] 30/7/2020 19:45

From Shares Mag today...

[bigglesbingham] 30/7/2020 19:28

If you ignore dividends 6950 dec 1999. 5950 today.

[c0lin1] 30/7/2020 19:18

And the ftse has gone nowhere in 20 plus years

[bigglesbingham] 30/7/2020 19:12

Patience is a virtue. If it goes to 11p by day Xmas you would have doubled money over 13 years that 5.5% compound interest which ain't bad against an interest rate backdrop of less than 2% over 13 years.

[doinnuthing] 30/7/2020 18:22

Well happily that is another purchase come back into profit (Sept 07 at 5.18p) for me. The next one is 5.92 from 14 Nov 2007... only two more to go after that one.

[risa5] 30/7/2020 16:41

Ariana Resources sees Salinbas as major gold district

Snapshot

AIM-listed gold-silver exploration and development company with operations in Turkey

Currently exploring and developing Salinbas Gold Project in north-eastern Turkey

Upgraded Salinabas resource to 1.5mln oz

How it's doing

Results released in July showed profits in 2019 at just under £7mln.

The impressive performance resulted in Ariana's JV at Kiziltepe fully paying off its US$33mln capital loan to build the mine in April.

Since then, it has also taken a 9.2% stake in Venus Minerals, an explorer focused on copper-gold projects on the island of Cyprus.

In the second quarter of the current year, Kiziltepe in Turkey produced 4,679 ounces, down from 5,129 ounces but in line with guidance issued for the half-year.

July also saw a 50% increase in the size of the resource at Ariana's Salinbas project.

The total amount of gold at the 100%-owned project is now estimated at 1.5mln ounces (Moz), up from 1mln previously, and split between two licences – Salinbas and Ardala.

In addition, there has been a significant upgrade in the classification of the resource at Salinbas, said Ariana, with 35% now in the measured (11%) and indicated (24%) categories.

What’s next

The company has forecast that 2020 gold production at its Kiziltepe mine will be around 30% above its feasibility plan for this stage of the operational mine life.

The firm said gold production for the year will be around 18,000 ounces of gold with an average grade expected to be at 2.5 grams per tonne.

Throughput to the mill, meanwhile, is expected to be around 205,000 tonnes, a 37% increase over the feasibility plan.

What the boss says: Kerim Sener, Managing Director

Ariana’s managing director, Kerim Sener, said that the recent fall in the price of oil will result in a “positive effect” on the company’s mining and processing costs, while gold prices had continued to remain at levels “substantially higher” than forecast.

“These, along with other positive trends including the declining value of the Turkish Lira, reinforce the economics of the Kiziltepe operation”, he added.

Sener also said that the firm was taking “extensive precautions” against coronavirus and was “not anticipating disruption” to production at the site.

Inflexion points

Annual production rises to 50koz/year (from 25koz/year) following the hoped-for commencement of mine development at Tavsan

LIcences at Salinbas renewed until 2024 with mining permit area at Ardala extended

Salinbas deposit upgraded to 1.5mln in July
PI

[1candc] 30/7/2020 16:26

Indeed, ironic

[bigglesbingham] 30/7/2020 16:18

Ha ha unbelievable or NOT

[1candc] 30/7/2020 16:01

NS on SP

...So I suggest holding very tightly indeed. As for my long term share-price target, who would rule out 10p?...

[luthier] 30/7/2020 15:46

End of month tomorrow for holders of paper "gold"?!