Ariana Resources Share Discussion Threads

[crossfirecssf] 27/8/2020 17:30

Western QE to infinity and failure is and has been the only option since the late 20th century. Debt has once again doubled since the infant sociopathic savant took office. It's simply history repeating, as in the collapse of the Roman empire, or any other empire for that matter. Inevitable. The rise of the East is well and truly upon us.

[pauliewonder] 27/8/2020 15:16

Yeah spiked and then dropped. Going to be volatile but if they could just mention $10 trillion or so future QE that would be great

[bigglesbingham] 27/8/2020 15:02

Well it's reversed. Fed are speaking at minute

[thanksamillion] 27/8/2020 14:53

Hmmmm, interesting, dont see such a steep movement in gold share price very often, there must be a message in it.

[charles clore] 27/8/2020 14:43

T's the grand old duke of york again!

[thanksamillion] 27/8/2020 14:20

Yahoooo!

See gold chart.

[cool hand kev] 27/8/2020 13:59

Are we expecting the JV confirmation before the end of the month?
because they are taking it to the wire which is not unusual.

[charles clore] 27/8/2020 11:45

I also meant to say excellent news this morning by the way.

[thanksamillion] 27/8/2020 11:37

I notice NS has missed off his "top slice at 6p" comment this time. I for one are/is very happy with News flow management from AAU over the last year or two. :-)=)

[charles clore] 27/8/2020 11:12

biggles - whatever it was, it was an expectation instilled into the minds of shareholders by way of an RNS. As such I feel that an explanation is required if not met.

[xow98] 27/8/2020 11:10

Ariana – Cracking Q2 numbers from Kiziltepe - 10p share price within months?
BY NIGEL SOMERVILLE

AIM-listed Turkish gold-producer Ariana Resources (AAU) has released Q2 results from its first Turkish gold mine at Kiziltepe this morning, and the numbers look excellent. Of course, the real news I am awaiting is progress on the proposed corporate action to bring in Ozaltin and sell off chunks of its Turkish assets for $30 million, but this morning’s news does no harm to the proposition.

[bigglesbingham] 27/8/2020 11:06

Was it a deadline think plasbryn alluded to that fact. Hope it is finalised shortly but we will see

[crossfirecssf] 27/8/2020 10:19

A clear profit of $1500Oz Au. At this level the JV is basically free, and the level of profit to AAU is basically the same as it was pre JV. Their model was based on a steady gold price of around $1200. This is admittedly for those of a glass half full disposition,... which I am.

[lottsgold] 27/8/2020 10:12

Hasn't that happened before they always leave themselves wiggle room in the wording? Not that I'm complaining they have no control over certain aspects. Hope Im wrong, bored of the waiting now.

[charles clore] 27/8/2020 10:04

I don't think there will be any further delay finalising the jv. They wouldn't be disingenuous enough to let it go right to the last day without telling the market in the full knowledge they were not going to meet the deadline, would they?

[lottsgold] 27/8/2020 09:30

Would we usually get an interview after quarterlies? Always enjoy listening to Kerim. If not might indicate holding out for the news tomorrow although undoubtedly it's another delay now?

[pauliewonder] 27/8/2020 09:23

My view is that the silver credit is just that, a credit to the project and therefore the finances. So the whole cost of silver extraction is factored into the project fundamentals i.e. under the cost reported, which was sub $500 per oz of gold for these quarterlies. This means that there is zero cost per silver extraction.

As for the reduction of cost per gold ounce below $500, I put this down to slightly reduced exploration over the period (although this may be added into the long term costing per oz, I recall seeing something around $15 per oz) and the crash in both oil prices and Turkish Lira.

All in all, we could see sub $500 next quarter, if my assumptions are correct, on the back of increasing gold and silver prices. Therefore, growing margins!!


paul280i27 Aug '20 - 08:51 - 24890 of 24897
0 0 0
If you add back the silver credit to the cash cost of production I make the cost $891 per oz. Any thoughts on this.
I can't see why the company includes this silver credit twice or have I missed something?

[risa5] 27/8/2020 09:21

Ariana Resources says income from Turkish gold mine boosted by additional silver sales

Ore from the Kiziltepe operation comes with a silver 'credit'

Ariana Resources PLC (LON:AAU) saw an 18% increase in gross income from its Kiziltepe Mine in Turkey, buoyed by a fall in costs below US$500 per gold ounce, a rise in stockpiled silver sold and higher precious metals prices.

The company, which owns the operation with local partner Proccea Construction, said precious metal sales generated US$9.9mln in the second quarter.

Output fell a little to 4,679 ounces, from 5,129 ounces in Q1, while on the plus-side cash operating costs followed suit as they dropped to US$492 an ounce from US$533 the three months earlier.

Ariana managing director, Kerim Sener, said that 30,000 ounces of silver production generated from gold mining that had been held back from sale from in late February were successfully sold at a much better price in early June, helping boost the overall financial performance of the mine.

A total of US$33mln of construction loans have been repaid, while the US$7mln the joint-venture borrowed to cover its working capital requirements will be repaid by next October, investors were told.

"We are now looking forward to delivering upon another strong quarter at Kiziltepe, with July and August production in line with operational expectations,” said Ariana’s Sener.

“While the mine site is continuing to observe strict COVID-19 mitigation measures, we are now largely back to full staffing levels on site and operations are proceeding under far more normal conditions."
PI

[tigerchris1] 27/8/2020 09:05

I suspect a lot of us are overweight here and more so on every rise. My solution is to do my calculations on how much I`ve invested rather than current value. When I use this basis I`m only hugely overweight rather than massively overweight. Simple.

[ironstorm] 27/8/2020 09:02

CSSf -- Major Cohones

[crossfirecssf] 27/8/2020 09:01

Cusp of the breakout to 7p. 6p definitely confirms, but 5.75-8 should do it.

[crossfirecssf] 27/8/2020 08:59

100% of my portfolio for 10 years. It worked, but finally saw some sense...

[bigglesbingham] 27/8/2020 08:57

This is a question which has been asked for years I just can't remember answer.

[1candc] 27/8/2020 08:52

I've given up trying to understand selling into news like this, I suspect buyers are waiting in the wings to see if the tide recedes a bit before adding, could be a different picture in the afternoon as the news is digested, these are excellent production figures at an incredibly low production cost