Ariana Resources Share Discussion Threads

[cyberbub] 15/10/2020 08:07

Not exactly rushing to buy this morning, despite the good news... Sigh...

[soulsauce] 15/10/2020 08:05

Nice start, let's hope we can hold the gains.

[bigglesbingham] 15/10/2020 08:05

Hopefully get some good interviews on back of this news

[soulsauce] 15/10/2020 07:44

Well didn't expect that, a nice surprise indeed. Wonder if they will be using the drilling team that Chf have had. I am sure it will be the same percussion drilling team.

philly lol I like that 👍

[renniks2016] 15/10/2020 07:34

And we have all the cash they need to progress, expand and develop this, no dilution, no expensive placing, should be worth 2p p/s based on other Mcaps, but as it is us, I'll settle with 0.5% rise today, tomorrow, the next an so on and so forth.
MM might prove me wrong (hopefully) could well be 5%

[kaos3] 15/10/2020 07:32

our construction partner is smart
big construction depends on politics and macro environment. going from the local and risky business into the steady and international is a good sense diversification for them.

[philby1] 15/10/2020 07:30

Making space in the wardrobe now for a Venus polo shirt. :)

[pauliewonder] 15/10/2020 07:28

Well that's a pleasant surprise. Looks like it will be an information rich period given imminent drilling. Lots to explore. Very positive.

[konil] 15/10/2020 07:24

well, following cssf's contention that when the pm bull run really gets going, the hope value in these non-producers can and does go ballistic, maybe we have our very own candidate for this in venus?

so, skys the limit, especially if we see a resumption of the bull which could come anytime as it has been resting since early august.

[lottsgold] 15/10/2020 07:22

Great news, was hoping to hear something about Cyprus. A lot of upside to come from the Venus deal, can't wait until they get the drilling campaign underway!

[jaf1948] 15/10/2020 07:22

The story gets better and better.

[plasybryn] 15/10/2020 07:17

Anyone clever enough to estimate a value per share for our Cyprus interest following this announcement?

[plasybryn] 15/10/2020 07:16

Steady on Kerim. Not seen you use words like catapult before. Ha haAs Venus' flagship project, we are exceptionally pleased that this initial resource catapults Venus to the forefront of copper-gold exploration on the island.

[rumpus1] 15/10/2020 07:10

That's fantastic news. The question we now need to ask is how much will the share price be down at the end of the day? ;)

[bigglesbingham] 15/10/2020 07:07

Chf increases 15% on drilling announcement wonder how much we increase on drilling announcement PLUS scalable resource estimate? Happy days

[actonovator] 15/10/2020 07:03

Cyprus - now we're talking!

[renniks2016] 15/10/2020 07:02

Get in there KS !
Dr. Kerim Sener, Managing Director of Ariana Resources, commented:

"The completion of this maiden JORC 2012-compliant Mineral Resource Estimate for the Magellan Project represents a major advancement for Venus Minerals and is the latest resource to be announced in over a decade in Cyprus. As Venus' flagship project, we are exceptionally pleased that this initial resource catapults Venus to the forefront of copper-gold exploration on the island.

"A combined resource of 8.5Mt @ 0.63% Cu with significant additional potential for precious-metals and zinc is an excellent foundation upon which Venus can continue to build its business. In particular, the substantial opportunities for identifying gold- and silver-rich zones within and around these deposits, as summarised by the JORC Exploration Target, will be an integral part of Venus's forward strategy. Accordingly, an initial Management Target of >10Mt @ 0.6% Cu, 0.6% Zn, 0.5 g/t Au and 6 g/t Ag has been set for the Project.

"Beyond these resource development areas, Venus has the rights to 105km(2) of highly prospective tenure across the island. A percussion drilling programme focused on several new exploration targets across this portfolio is due to commence imminently. Meanwhile planning for a diamond drilling programme on the Magellan Project resource area is underway following the completion of this Mineral Resource Estimate.

"Ariana remains excited by the progress of the Venus exploration team who have remained active and deployed in Cyprus despite the recent difficulties associated with travel. We would like to congratulate the team on its first resource estimate, which is already demonstrating scalability, and look forward to seeing the results of their latest exploration efforts. Accordingly we intend to continue supporting Venus financially and progressing our earn-in to 50% within the next two years."

[actonovator] 14/10/2020 19:07

Cyberbub, the Lira has sharply declined since the deal was struck and so its costing Ozaltin significantly more (unless they already had a well-funded dollar account). But balanced against that is a sharply improved gold price since when the deal was announced in Nov. Who wouldnt want to buy a gold asset priced at November gold prices? So hopefully all is well.

[1candc] 14/10/2020 19:05

cyberbub, I don't think you have the slightest thing to worry about, it'll all happen soon enough

[lottsgold] 14/10/2020 19:01

I think Ariana have made it quite clear the deal is pretty much done. They wouldn't put out the statements they have of late if there was any sign from Ozaltin they may pull out. If there is one thing you can trust it's Kerim not to mislead knowingly. Of course there is a chance Ozaltin are struggling but I don't think they would continue worth the cost of a JV they don't intend to complete. I have days when I question what's going on. I've been involved in small mergers and buyout and even my piddly contracts took 6 months, we didn't have to deal with corporate structure, goverment departments or covid. It's just a long process and we're all bored and frustrated. Have a beer, relax and think about a year from now, easier said than done I know! Have a good evening all!

[cyberbub] 14/10/2020 18:54

Yes Ariana is small change to a massive company. But even massive companies can find themselves struggling in bad times, and decide to cut all 'non core' projects for example.I'm not saying that's the case, and no I haven't sold any of my shares here! I still have my 1.7M, less than some on this board I know...Just always thinking about risks in my portfolio. Turkey is not a high-risk country, but it's not low-risk either. Having an aggressively nationalist government and a struggling economy doesn't help.Hopefully as long as the POG holds up (or perhaps runs higher in the coming months) any niggling worries will be forgotten!GLA NAI

[konil] 14/10/2020 18:15

cheers cssf.

[renniks2016] 14/10/2020 17:35

I think we will be small change to them.

[renniks2016] 14/10/2020 17:34

NAME OF WORK LOCATION CLIENT VALUE (US $)
GEBZE – ORHANGAZİ – İZMİR (INCLUDING İZMİT BAY CROSSING AND CONNECTING ROADS)
HIGHWAY BUILD – OPERATE – TRANSFER PROJECT
MINISTIRY OF TRANSPORT AND COMMUNICATION -
GENERAL DIRECTORATE OF HIGHWAYS 6,700,000,000
KÖPRÜ DAM & HEPP ADANA ENERJİSA ENERGY GENERATION CO., INC. 119,906,861
MENGE DAM & HEPP ADANA ENERJİSA ENERGY GENERATION CO., INC. 119,906,861
DERNAH INFRASTRUCTURE PROJECT LIBYA HOUSING INFRASTRUCTURE BOARDING (HIB) 363,461,538
SAWALKOT DAM & HEPP INDIA THE JAMMU & KASHMIR STATE POWER
DEVELOPMENT CORPORATION 1,500,000,000
CEYHAN I DAM & HEPP OSMANİYE ENOVA ENERGY GENERATION CO., INC. 270,000,000
CEYHAN II DAM & HEPP OSMANİYE ENOVA ENERGY GENERATION CO., INC. 270,000,000
YEDİSU DAM & HEPP BİNGÖL ÖZALTIN ENERGY GENERATION CO., INC. 90,000,000
YUKARI KALEKÖY DAM & HEPP BİNGÖL KALEHAN ENERGY GENERATION CO., INC. 3,096,000,000
AŞAĞI KALEKÖY DAM & HEPP BİNGÖL KALEHAN ENERGY GENERATION CO., INC. 3,096,000,000
BEYHAN 1 DAM & HEPP ELAZIĞ KALEHAN ENERGY GENERATION CO., INC. 3,096,000,000
BEYHAN 2 DAM & HEPP ELAZIĞ KALEHAN ENERGY GENERATION CO., INC. 3,096,000,000
KİĞI DAM & HEPP BİNGÖL GENERAL DIRECTORATE OF
STATE HYDRAULIC WORKS (DSİ) 1,294,487,412.54
UŞAK (CITY CENTER) SEWAGE CONSTRUCTION UŞAK GENERAL DIRECTORATE OF İLLER BANK 33,056,977.05
FULYA - LEVAZIM TUNNEL CONSTRUCTION İSTANBUL İSTANBUL METROPOLITAN MUNICIPALITY 132,869,029

[cyberbub] 14/10/2020 17:19

Does anyone know anything about Ozaltin's latest financial position? Is there any possibility that the delays in signing the agreement could be due to them getting cold feet if their position has weakened along with the Turkish economy?