Ariana Resources Share Discussion Threads

[shortarm] 25/4/2024 17:39

Erm, nutter!

[shortarm] 25/4/2024 17:35

Yeah, they are a butter :-D

[nov31] 25/4/2024 17:33

Jeez, someone dropped 400,000 at 2.2p (not me) but says it all really.

[kaos3] 25/4/2024 17:30

reverse thinking ... they will get kizil, leopard, tavsan, oz palm, pure gold in a vault, cash , lab, asgard etc etc

for a zimbabve not developed potential... of much lesser gold in place ...than 40/60 if my intuition is correct

they are geniuses

so we need them on aau asap

[excellance] 25/4/2024 17:29

It is clear that AAU want to grow, and they want a global footprint. They have a decent track record of project management but have only small interests in most projects, and mostly in Turkey.

The new project is a much bigger prospect in that the newly merged entity will own 100%, and the numbers are compelling.

The problem as always is capital, and geopolitics.

Is Zimbabwe any better than Turkey to operate in?

No, it's a lot worse. Worse than Ukraine. Worse than South Africa. Worse than anywhere bar Afghanistan or Somalia.

Having said that, Caledonia Mining Corp listed in NY seems to be able to operate, so maybe things have changed?

I await the strategic review which now has to happen, so the company can divest the less productive assets and improve the bang for buck prior to raising capital in the ASX which appears to be a major part of today's news.

[xow98] 25/4/2024 17:14

Still no response to your emails then Biggles?

[dixi] 25/4/2024 17:13

Can you elaborate the reservations?

[bigglesbingham] 25/4/2024 17:12

Very good and overall positive feedback from TW with reservations. He spoke to KS today but KS wouldn't give him cost of the mine said it's being reworked. TW said optimistic for AAU to be 5p plus in 12 months . Very interesting and fair 18 minute podcast. Now Ariana get you finger out and put meat on the bone.

[soulsauce] 25/4/2024 17:11

Kav seem to be making it work in Zim but not without issues.
There have been several petty hold ups.
Like I say it is unlikely to be 3yrs.

[soulsauce] 25/4/2024 17:00

That is one of my issues excellance. It is an awful lot of dilution for production at least 3yrs down the line and we know it won't be 3yrs but nearer 5 or more.
Surely it would have been better for shareholders to buy into production or very near term production.
The owners of Rockover are getting an awful lot and potential upside when Tavsan comes on stream and we get another resource update from Salinbas etc.

Most shareholders here haven't got another 3-5yrs to give up to this stumbling along and being starved of a plan or information and potentially no dividend.
If this goes ahead, and I am sure it will, as the deck is stacked, then the company needs to sell something.

[dixi] 25/4/2024 17:00

60 - 100k gold per year from Dokwe all attributable to AAU, potentially in 3 years time. It is very compelling, bets now on whether Kerim can pull this off or not.I cannot realistically see how AAU can become a £500m Co without taking on a certain amount of risk.Some guidance now on the Turkey ops please!

[cinoib] 25/4/2024 16:13

Oct, lazt Paf was 13p now 24.5 should have boight that as now near double and Aau hardly moved and gold up 300 dollars to boot.

[xow98] 25/4/2024 16:10

Ariana – Surprise!

AIM-listed Ariana Resources (AAU) offered up a big surprise this morning – it is to buy Rockover, the owner of the Gold mine in Zimbabwe that Ariana already had a small hand in already. Generally I don’t like surprises and was somewhat taken aback by the news.

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[bigglesbingham] 25/4/2024 15:58

Wonderful ha ha

[shortarm] 25/4/2024 15:53

Haha, yeah. Maybe the sellers here are putting their money into PALM lol

[xow98] 25/4/2024 15:46

Thankfully PALM is going the other way

[soulsauce] 25/4/2024 15:41

Xow 23571 brilliant 🤣🤣🤣

[kaos3] 25/4/2024 15:36

sp will recover short term imho

[shortarm] 25/4/2024 15:12

Cannot disagree with that and have emailed similar to our esteemed PR company and Kerim's email (he has occasionally replied lol)

[dixi] 25/4/2024 15:10

There is enormous potential here, but AAU, as ever have an uncanny ability of not being able to get anything right in shareholders eyes.

[charles clore] 25/4/2024 15:06

You would think the company would at least try and explain the situation to shareholders instead of letting the price drop uncontrollably. What an utter dishrace