Ariana Resources Share Discussion Threads

[pauliewonder] 04/9/2020 18:03

hxxtp://www.sprottmoney.com/blog?section=podcastsWorth a listen. Silver shares could go up thousands of % and are around half the value they should be at currently. That's US as well, which is higher prices than UK market generally. Also, Sprott suggests silver could go to $150. Imagine the economics for AAU if that was accurate. Would mean the silver credit = the same as the gold produced.

[bigglesbingham] 04/9/2020 16:43

As long as this forward momentum continues I'm no bothered tbh pal .

[charles clore] 04/9/2020 16:41

By end of this month I'd say

[plasybryn] 04/9/2020 16:35

Anyone got a view on how long "coming weeks" is. Before end of September or do you think longer?

[cool hand kev] 04/9/2020 13:27

Thank you all very much for clarifying that :-)

[bigglesbingham] 04/9/2020 13:13

Interview from KS think it was proactive investors

[nov31] 04/9/2020 13:09

Spread has narrowed showing a drop in the SP, ..just a tactic to get your shares because actually the bid has hardened to 6.21p.

[soulsauce] 04/9/2020 13:04

red imp you are bang on.

[red imp] 04/9/2020 13:03

I got the impression (and I'm not sure where from) that $5m would be distributed to shareholders in the form of a one-off dividend, which is approximately 0.4p per share.

[cyberbub] 04/9/2020 13:01

Yes 2.x pence per share is the full value of the payment that Ariana will be getting. They would never return that full amount to shareholders unless in some sort of winding-up situation which obviously they're not. The company will want to keep the majority of the cash for expansion and developing other sites and opportunities. Still it will be a hard cash asset on the company balance sheet.

[charles clore] 04/9/2020 12:47

JC - worth watching this video. Liberty Gold has operations in Turkey and knows what the majors are looking for.

[nov31] 04/9/2020 12:46

more like 0.4p to 0.5p I would have thought, but still worth having. A divi of 2.8p would probably cost £30m and more than wipe out the full proposed payment to AAU of $30m

[1candc] 04/9/2020 12:45

My understanding is that it will be somewhere in the region of 0.4p or 0.5p per share which is miles away from what you suggest. 0.5p per share would yield approx 8% at today's price.
I think bigglesbingham posted about this sometime back and could clear this up for us biggles?

Perhaps you meant how much per share would the $33 million JV payment be worth per share? With over a billion shares in issue a rough calculation would be circa £23 million sterling = 2.3p per share (very approx!)
from that a dividend would be paid somewhere in the region of .4p/ .5p, I stand to be corrected!

[cool hand kev] 04/9/2020 12:39

Do with have any Idea as to how much the dividend could possibly be?
Someone did mention 2.8p if I recall correctly.

[1candc] 04/9/2020 12:00

Barmy time to sell just before transformational news re JV and dividend, why bother buying at all if you sell out before the main event for a paltry profit? The big money moves are just over the horizon

[sonoftherock] 04/9/2020 08:37

The 10Moz figure relates to the entire trend or province, an area far greater than Salinbas. There's no need to overstate the potential in this way. Salinbas is a substantial asset with upside, but talk of 10Moz is totally unjustified with today's data.

[shortarm] 04/9/2020 08:37

What I find amazing about Salinbas is that Kerim added 50% to the resource on the back of some 'free' due diligence drilling!!!Imagine when they start to Swiss cheese that place :-D

[jc2706] 04/9/2020 08:21

I would be amazed if the majors considered projects as small as 400k oz. That is a tenth of what is usually considered desirable for them. That doesn't mean a project of that size is not attractive as smaller producers will definitely be interested.

[risa5] 04/9/2020 08:18

More info about Salinbas from 30 Jul '20

The more they dig the more they find... (potential for >10Moz)

Ariana grows resources of Salinbas project in Turkey

Ariana Resources (AIM: AAU) announced that resources for its Salinbas project in northeastern Turkey increased to 1.5Moz up from c.1Moz that the company previously reported.

In a press release, the miner said the estimate is split between the high-grade Salinbas deposit and the low-grade, high-tonnage Ardala porphyry complex.

According to Ariana, the Salinbas deposit comprises 8.4Mt @ 2.21g/t Au + 16.9 g/t Ag for 0.6Moz gold and 4.6Moz silver, while the Ardala porphyry comprises 66.4Mt @ 0.44g/t Au for 0.9Moz, plus 3.3Moz silver, 110,000t copper and 4,200t molybdenum, which includes a higher grade core of 32.5Mt @ 0.51g/t Au, 0.21% Cu, 0.01% Mo.

THE PROJECT AREA IS RIGHT AT THE HEART OF A MAJOR COPPER-GOLD PROVINCE

“This new resource estimate represents a major increase in the resource, confirming the project as having multi-million ounce, multi-commodity potential and indicates further growth opportunities,” Kerim Sener, the company’s managing director, said in the press brief. “The prospectivity of this region is attested by the presence of several other major copper-gold systems in the immediate vicinity, such as the >4Moz Hot Maden deposit, located just to the south of our project licences, and the scale of the alteration systems encountered within our property in the vicinity of the porphyry centres at Ardala and Hizarliyayla.”

According to Sener, the project area is right at the heart of a major copper-gold province that -in his view- shows potential for >10Moz across the circa 100-kilometre long and 10-kilometre wide Artvin-Yusufeli Gold Trend.



Ariana Resources PLC's Kerim Sener says the growth story is about consistent delivery

[carcosa] 04/9/2020 08:08

Extract from the video:

"The intention is primarily to advance the Salinbas project and to accelerate the Salinbas project which is the the largest resource within our portfolio currently standing about 1.5 million ounces of gold. We identified the need for a strong partner to be able to carry this forward and Özaltin came into the frame we were able to structure an MOU with a result late last year and we've been advancing our plans to turn that into a formal joint venture over the last several months.

Now obviously Corona virus did have an impact on that, it has delayed our ability to complete it or at least Özaltin to complete their due diligence which is now out of the way, we're working on finalizing the structure but the the definitive joint venture agreement...that's work in progress, but we're very pleased with the progress we have been making on that front.

There are a few other boxes that we need to tick but in terms of the structuring of the company in Turkey that we needed to complete as part of this, we've done, you know a major hurdle achieved and now we're just dotting the i's and crossing the T's on the legal agreement, so we're hoping that we can now bring Özaltin in the relatively near future into the the framework Proccea construction and that will be a very significant moment for the company."

[risa5] 03/9/2020 22:32

Some of the highlights of the interview...

'The intention is primarily to advance salinbas project & to accelerate salinbas project which is the largest resource within our portfolio CURRENTLY standing @ 1.5 m OZs of gold'.

He also provided full explanation for the delay in completing the JV... 'There are a few other boxes to tick...and now we just dotting the i's and crossing the t's on the legal agreement'.

I also wish to see more highlights of the interview from other posters' views.

[gaddy88] 03/9/2020 22:20

The 1 year chart fills me with such happiness

[bigglesbingham] 03/9/2020 20:55

Excellent interview and excellent week so far.

[soulsauce] 03/9/2020 16:38

Excellent interview, thanks for the link risa5.