Ariana Resources Share Discussion Threads

[1candc] 12/10/2020 17:00

novicetrade68 - are you keeping this BB going or are you going to switch over to the new one?

[novicetrade68] 12/10/2020 16:50

hxxps://www.aljazeera.com/news/2020/10/12/greece-calls-turkeys-survey-in-east-med-major-escalation

[doinnuthing] 12/10/2020 16:46

Does anyone think this RNS is a smokescreen to take the focus / pressure away from the T /polo shirts?

[1candc] 12/10/2020 16:39

Disappointing share price action on excellent news, better tomorrow hopefully

[novicetrade68] 12/10/2020 16:36

Franco-Nevada Corporation (TSX:FNV) (NYSE:FNV)
is the leading gold-focused royalty and streaming company with the largest and most diversified portfolio of cash-flow producing assets. Its business model provides investors with gold price and exploration optionality while limiting exposure to many of the risks of operating companies. Franco-Nevada is debt free and uses its free cash flow to expand its portfolio and pay dividends.

hxxps://s21.q4cdn.com/700333554/files/doc_news/2020/10/Franco-Nevada-To-Release-Third-Quarter-2020-Results-(Final)-(2020.10.08).pdf

[soulsauce] 12/10/2020 15:55

Lol nice one Bos 👍

[bosbus] 12/10/2020 15:41

I've already re-invested my divi so am on my uppers till it arrives!

[thanksamillion] 12/10/2020 15:00

double production yes however it will cost the owners, and our share of benefits will be half what it is now.
Nonetheless I see it as good news.

[bigglesbingham] 12/10/2020 13:24

The injection of capital isn't priced in so any potential drop will be at a price significantly higher than current price and then for the reason you cited I don't think the drop will be great.

[soulsauce] 12/10/2020 13:00

Ain't that the truth.

[shortarm] 12/10/2020 12:59

It's remarkable that an RNS that says we're putting a plan together to double production gives a gain of 2.5 percent.

[risa5] 12/10/2020 12:47

Ariana Resources announce 3Q20 preliminary production results

Global Mining Review, Monday, 12 October 2020 12:15

Ariana Resources plc, an AIM-listed exploration and development company operating in Europe, has announced its preliminary production results for the quarter ended 30 September 2020 for the Kiziltepe Mine in Turkey. Kiziltepe is part of the Red Rabbit Joint Venture (JV) with Proccea Construction Co. and is 50% owned by Ariana through its shareholding in Zenit Madencilik San. ve Tic. A.S. (Zenit).

3Q20 preliminary production results*:

Gold production for the quarter was 5125 oz (2Q20: 4679 oz)*, enabling annual guidance of 18 000 oz to be maintained into Q420.
Total ore processed for the quarter was 57 302 t (2Q20: 54 862 t) at an average head grade to the plant of 2.63 g/t gold.
Quarterly opencast ore mined was 86 960 t, at an average mined grade of 2.21 g/t gold, and total material movement for the quarter was 1 190 710 t.
Average metallurgical recovery of gold for the quarter remains high at 94.2%.
Planning underway regarding a proposed mill expansion to provide for an increase in throughput to 400 000 to 500 000 tpy.
* All figures are given gross with respect to the JV.

Dr Kerim Sener, Managing Director, commented: “As with the previous quarter, the Kiziltepe operation has continued to perform flawlessly under the somewhat sub-optimal conditions imposed by the COVID-19 pandemic. Material movements remain very high, while process plant throughput remains well above average, setting yet another record for the operation; the mill reached an annualised throughput rate of almost 230 000 tpy which represents an increase of over 53% above the feasibility designed rate.

“Production from our highest-grade pit, Arzu South, came to a close during August and production has shifted entirely to the Arzu North and Derya pits. Meanwhile, the mine continues to maintain a stockpile of over 160 000 t, sufficient to cover about 10 months of mill feed at average throughput rates.

“We now look forward to the next quarter and the further development of the Arzu North area, which is yielding substantially more ore tonnage than modelled previously. We are confident that despite the expected reduction in grade, this increased tonnage coupled with continued high mill throughput will ensure output is maintained at the highest possible levels.

“In addition, the joint venture team is advancing towards a proposed mill expansion which provides for an increase in throughput to 400 000 to 500 000 tpy. This will help ensure lower unit costs despite the reduction in grade across the satellite pits. We will update the market with further detail on this important development when appropriate.”

[cyberbub] 12/10/2020 12:39

I would have thought that if most/all investors re-invest their nice divi then the share price will quickly return from any short-term drop? I'm certainly intending to re-invest mine...

[plasybryn] 12/10/2020 12:37

Wait for the Polo shirts, that will get us noticed. Ha ha. Have you seen the twitter comments today?

[renniks2016] 12/10/2020 11:24

Yes BB I agree, what ever scenario the long term out come is the same, higher share price increased mcap higher value assets, long term growth, as they say the truth will out, just not in the tome frame that suits all, mostly the ones that want the excitement they think this share deserves.

[bigglesbingham] 12/10/2020 10:52

The argument applies equally to us shareholders does it not? So we benefit in long run whichever scenario ???

[soulsauce] 12/10/2020 10:46

Hmmmm Renniks we have had that argument a few times over the years.
D) And by not promoting you risk losing your company in a cheap takeover.

[renniks2016] 12/10/2020 10:40

Question- if you were on the BOD and you have a a substantial share holding, a large special dividend coming your way, would you A) Re-invest that dividend and by more shares. B) Buy a villa in the Troodos mountains C) invest in another exploration company with interests in Canada and Australia. Or all 3 ?If The answer is A) would a lower share price be beneficial to accumulate as many as possible for your money? Then market/promote like mad to realise true value and deserved awareness, (then buy the villa) and earn in else where for good measure. Ok just thinking out loud ;)

[lottsgold] 12/10/2020 10:35

Yes it was a wild situation over at EUA at the beginning of the rise the way some news was put out and the insane moves made me uncomfortable. Certainly don't see the price swings here being so wild but I will certainly hold on tight if they are!

[pauliewonder] 12/10/2020 10:26

Lottsgold - wont make the same mistake with AAU. Going to let this one run all the way. I see AAU as the same type of company to EUA in terms of share price potential, but not as well marketed. EUA did well on the back of a number of VOX market interviews amongst other things.

This time next year Rodders...

[lottsgold] 12/10/2020 10:19

Similar situation for me Paulie! Let the winners run has never rung so true. Painful lesson but one I intend to learn from!

[dixi] 12/10/2020 10:17

1candc - is it fair to assume that there are plenty of PI's who are well aware of AAU and its achievements, but simply want more 'excitement' from their AIM speculating?

[risa5] 12/10/2020 10:00

Ariana Resources hits quarterly production of 5,125 ounces of gold at Kiziltepe

Ariana has a long track record of successful operations in Turkey

Ariana Resources PLC (LON:AAU) said it produced 5,125 ounces of gold at its Kiziltepe mine in Turkey during the quarter ended September 30, 2020.

Kiziltepe is part of the Red Rabbit joint venture with Proccea Construction and is 50%-owned by Ariana.

Ariana continues to guide for full-year production of 18,000 ounces.

"Material movements remain very high, while process plant throughput remains well above average, setting yet another record for the operation,” Ariana managing director Dr Kerim Sener said in a statement.

“The mill reached an annualised throughput rate of almost 230,000 tonnes per annum which represents an increase of over 53% above the feasibility designed rate. Production from our highest-grade pit, Arzu South, came to a close during August and production has shifted entirely to the Arzu North and Derya pits.

Meanwhile, the mine continues to maintain a stockpile of over 160,000 tonnes, sufficient to cover about ten months of mill feed at average throughput rates,” he added.
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