Ariana Resources Share Discussion Threads

[charles clore] 16/12/2020 18:00

Quite miffed by the volume and price action in the current period. Expected it to be flying by now tbh

[charles clore] 16/12/2020 17:58

Can't wait for them to announce the installation of a second ball mill at kizy. Then we will know that serious increases production are almost there

[1candc] 16/12/2020 17:32

Biggles did say he thought the big seller was active and holding back any share price advance and now we see the late reported sale 11:15:56 5.23 1,500,000 78.45k
I sincerely hope it's not a Director sale, but whoever it is they cast a long shadow over the share price action here, I think over the last few months we would have regained the mid 6's at the least if it wasn't for these scale of transactions. A bit depressing really on an upbeat day for the company, someone likes raining on our parade.

[lottsgold] 16/12/2020 17:26

Hope that's not a director deal again:(

[lottsgold] 16/12/2020 17:26

In the presentation it says up 325,000oz extra potential I can see why they want to get the drills over there sharpish.

[1candc] 16/12/2020 17:26

There's the big transaction/sale , this morning

11:15:56 5.23 1,500,000 78.45k

[bigglesbingham] 16/12/2020 17:23

Beyond the JV sign up the story here isn't production although that's nice in that no dilution. No the story here is Cyprus and salinbas and a another if I read the presentation correctly. Suits me as exploration companies tend to attract more investors in this climate.

[konil] 16/12/2020 17:20

not a month here or there if as i think the kizil ramp up is not scheduled to start until june.

and then how long beyond that to get it to 500,000 (from 200,000 currently), i don't expect it to go from 200,000 to 500,000 on day 1?

answers on postcard please, best answer would be that i've misunderstood and got it all wrong and that it will all be done and dusted by june when kizil will be processing 500,000 !

[bigglesbingham] 16/12/2020 17:00

They said they had effectively found a duplicate area.

[bigglesbingham] 16/12/2020 16:59

Three of us there pal 32 19 and 2m holdings.

[bigglesbingham] 16/12/2020 16:58

If it's happening then no real issues to me tbh. A month here or there. I'm in for long term. Don't get me wrong want to get cracking but the hurdle has been crossed imho by all parties and shareholders agreeing .

[lottsgold] 16/12/2020 15:54

I’m not sure this is going to be until later in the year as you say Konil, they will start sourcing the equipment soon but H1 was mentioned for it to be in place. By the sounds of it this will only increase production up to 25,000oz at most unless they start digging a higher grade pit sooner so will not have a doubling of ounces impact anyway. It is needed to process higher amounts of lower grade.

[konil] 16/12/2020 15:09

bb, what is your take on the timing of the ramp up to 500,000 at kizil? when will it start? when will it be completed?

[konil] 16/12/2020 14:58

exactly, its the permit that could hold everything up.

[bigglesbingham] 16/12/2020 14:41

Well deal been signed by all parties subject to gov tick box. Deposit monies paid over by Oz. From my reading shareholder will vote yes therefore deal finalised 31st dec subject to this tick box. Happy days.

[konil] 16/12/2020 14:37

bb, hope they get a move on and issue the permit!

[bigglesbingham] 16/12/2020 14:35

All these buys and no tick up must have seller in background

[bigglesbingham] 16/12/2020 14:29

The permit re JV sign off is monopolies mergers sign off so they are expecting any issues because Turkish company gets more of pie. Also Turkish government works over Xmas.

[thanksamillion] 16/12/2020 14:27

Re ii,

you should have received an email, shows:

Vote Now
Go to ii.co.uk
To view information and vote on decisions relating to your shareholdings please follow the steps below:
1. Visit our website and select Login
2. Open the ‘portfolioR17; menu
3. Select ‘voting mailbox’ from the list.

[konil] 16/12/2020 14:21

listened to the webinar.

story as strong as ever.

but did not like
- unknown date for receipt of final permits so jv could be delayed further (though of course not in company control)
- one-off divi unlikely until late march at best assuming jv permits come in january

also not sure the ramp up to processing 500,000 at kizil will be done by june, maybe i got it wrong but i thought ks said that ramp up would start in june? obviously prefer the first option so hope i've got that wrong.


hoping that the market will wake up to this opportunity and value the company accordingly notwithstanding the jv/divi timing issues which are purely short term. otherwise share price will be stuck here for some time unless gp improves further.

[kirbs4] 16/12/2020 14:15

Mine is now only 1.5m too between my own and my daughters accounts.. Every little helps!I was at 3.5m at one point in time but half of it had 5 bagged so had to do the sensible thing!! :)

[claretandbluedave] 16/12/2020 14:11

Just done mine, for my rather small holding of 1.5 million shares, just seen biggles post above, makes mine look like peanuts.

[bigglesbingham] 16/12/2020 14:00

Just confirmed 53m shares from myself and two friends

[zedder] 16/12/2020 13:47

Just did mine by Webchat with Barclays, so another 500k for Yes to this:

Ordinary Resolution
THAT the proposed Transaction, as defined and more particularly described in the Circular published by the Company on 14 December 2020, a copy of which will be attached to this resolution for the purposes of filing, be approved.

[risa5] 16/12/2020 13:42

Reply from HL minutes ago...

16 Dec 2020AAU Corporate Action

Thank you for your message.

If you wish to vote at the Ariana Resources Plc Annual General Meeting, you can send us your votes via secure message (by replying to this message) or by contacting our Helpdesk. We will then forward your voting instructions to the Company on your behalf.

If you have any further questions, please respond to this message.

Kind regards