Ariana Resources Share Discussion Threads

[lottsgold] 12/1/2021 09:40

Is value investing dead then? I thought people bought shares for the potential growth, I must admit I don't think it's the case in the current market.

[1candc] 12/1/2021 09:07

We get used to any news getting smacked down as soon as the bid increases, one day we will break free

[jaf1948] 12/1/2021 09:03

People on here are still only looking at AAU from a long-term viewpoint. Yes, the RNS was great taking a longer term view - in the short term, it had nothing new to offer so off go the traders bringing the share price down. It's not rocket science.

[claretandbluedave] 12/1/2021 08:59

Great RNS but not sure about the production reports twice yearly though, but in the end there should be lots more information coming through from Salinbas and Tavsan etc.

[dixi] 12/1/2021 08:55

Great report, lousy market reaction and currently little investor appetite. I'm fairly confident that will eventually about-face if AAU continue to report in such a positive manner :-)

[sonoftherock] 12/1/2021 08:50

Or maybe they've listened to you Biggles. In any case there's an improvement in reporting style.

[lottsgold] 12/1/2021 08:43

Still not enough to break free, crazy! I didn't think I'd have time to add anymore at 5p but at this rate I am starting to get a bit more confident.

[jaf1948] 12/1/2021 08:42

Not bizarre to me at all. For all its potential, AAU is still a penny share and therefore one for traders as well as LTHs. Anyone who has bought in since August has made no money at all on this share so the traders will move on to somewhere else, hence the frequent sells.

[bigglesbingham] 12/1/2021 08:31

Who is this seller I wonder I do find it bizarre

[kirbs4] 12/1/2021 07:52

Maybe I'm interpreting it incorrectly but I think they've made a slight blip with the Twitter post this morning.. Worded well, hash tags included, but then left in the words "Campaign URL" seemingly from a template :/

[lottsgold] 12/1/2021 07:51

Just noticed the drilling has already commenced at Kiziltepe, looking forward to seeing what we can add there. Think the company are pretty confident with the size of the campaign.

[kirbs4] 12/1/2021 07:50

That's more like it! I hope they keep up this manner of reporting.

[xow98] 12/1/2021 07:39

Accordingly, as we transition into the new framework, we will report our production from the joint venture on a six-monthly, rather than quarterly, basis going forward.

[bigglesbingham] 12/1/2021 07:38

Or perhaps they have listened to shareholders which is good.

[lottsgold] 12/1/2021 07:29

The Eastern Europe Asset has been mentioned a few times over the last 12 months clearly ready to jump straight in when the funds clear. So we will have huge royalties from Kiziltepe and Tavsan to keep us ticking along. Salinbas, Venus and Eastern European exploration to excite the market regularly. The news is going to be non stop over the coming years. So much upside potential patience as always will be rewarded!

[plasybryn] 12/1/2021 07:21

Sounds a bit more like Ariana with Attitude this morning. The Ozaltin effect perhaps. Lots going on across a number of fronts all sounds encouraging.

[bigglesbingham] 12/1/2021 07:14

New copper gold opportunities being evaluated Eastern Europe. Full year exceeded by 3.5%. Expansion to 300% feasibility at kiziltepe. And basically said bank ready to lend re years an and salinbas so with free carry to development /loan stage at salinbas thus is tremendous news. Now just wait for Turkish gov tick box re them allowing 53% of mines owned buy uk company to pass to Turkish company (salinbas) and further ownership to Turkish company re kiziltepe and tarsvan where the new Turkish partner has no current gold interests (so would be amazed if the monopolies and mergers board in Turk gov don't give their agreement). All looking rosy for significantly more than 7.5p Nr Somerville at Shareprophets but suppose 7.5p would be a start.

[lottsgold] 12/1/2021 07:10

Wow lots of good information to be taken from that update, we can see things are still ticking along nicely in the background.

[temujiin] 12/1/2021 07:07

RNS 12 January 2021

12 January 2021

AIM: AAU

2020 PRODUCTION RESULTS AND GENERAL UPDATE

Ariana Resources plc ("Ariana" or "the Company"), the AIM-listed exploration and development company operating in Europe, is pleased to announce its full-year production results for the year ended 31 December 2020 for the Kiziltepe Mine ("Kiziltepe" or "the Project") in Turkey. Kiziltepe is currently 50% owned by Ariana through its shareholding in Zenit Madencilik San. ve Tic. A.S. ("Zenit"), which will reduce to 23.5% once the new joint venture with Ozaltin Holding A.S. ("Ozaltin") and Proccea Construction Co. ("Proccea") completes (details as announced on 7 December 2020 and ratified by shareholders on 30 December 2020).

Production Update*:

-- Kiziltepe produced a total of 18,645 ounces of gold during the year, exceeding its full year production guidance by 3.5%.

-- As at end 2020 the mine had produced a total of 84,200 ounces of gold and 915,233 ounces of silver, recording US$134 million in revenue since operations commenced in early 2017.

-- Mining operations are continuing at Arzu North and Derya, with plans to expand these open-pit operations currently under permitting review.

-- A processing plant expansion is underway, with construction due to be completed in H2 2021; the processing plant capacity will be increased by over 300% over the feasibility design and up to 500,000 tonnes of ore per annum.

* All figures are given gross with respect to the JV.

Dr. Kerim Sener, Managing Director, commented:

"The final quarter of 2020 rounded off another solid year of production for Kiziltepe, which once again exceeded joint venture guidance. We were further buoyed by gold and silver prices during the year, resulting in revenue exceeding US$37 million in 2020, and capping off an exceptional period of Company development for which our staff and our joint venture team must be commended.

"Since operations commenced at Kiziltepe, the joint venture company, Zenit, has successfully repaid US$36.7 million in debt to Turkiye Finans Bankasi A.S. Accordingly its relationships with lenders are very sound, which bodes well for future mine development projects at Tavsan and Salinbas, contemplated as part of our planned new joint venture with Ozaltin and Proccea.

"Following shareholder approval at our General Meeting at the end of 2020, we are now finalising the new joint venture, in which we will adopt a 23.5% interest alongside Proccea. "Our reduced holding in the joint venture will naturally place a different emphasis on our operational activities going forward. Accordingly, as we transition into the new framework, we will report our production from the joint venture on a six-monthly, rather than quarterly, basis going forward.

"Meanwhile the Company is continuing to progress its exploration and development activities across its portfolio, which includes a drilling programme being undertaken within the joint venture and the start-up of field activities elsewhere. Notably we are expecting to increase the pace of our involvement in Venus Minerals, with the expectation that a diamond drilling programme at the Magellan Project can commence by Q2 2021; the current limitations imposed by travel restrictions notwithstanding. We are also fast-tracking some other exciting copper-gold project opportunities in the region, further details of which will be announced in due course."

Other Developments:

-- A two-rig diamond drilling programme for 4,000 to 5,000m commenced last week at Kiziltepe to test vein extensions at Arzu South, Arzu North, Derya and Banu, with the aim of further expanding the Kiziltepe resource; drilling may continue at the Karakavak prospect once drilling at Kiziltepe concludes.

-- Environmental, community and permitting activities have continued for the Tavsan and Salinbas projects through the winter, with resource drilling activities due to commence at Tavsan from spring 2021.

-- Percussion drilling by Venus Minerals in Cyprus for 1,705m (comprising 15 holes) on a conceptual structural target, has discovered an up to 12m thick, 50 x 300m silica-pyrite-chlorite alteration zone containing anomalous gold geochemistry at a depth of 50 to 80m below surface; planning is being finalised for a diamond drilling programme to commence on the Magellan Project in the coming months.

-- The Company is evaluating several copper-gold targets generated elsewhere in Eastern Europe and is looking to develop further interests in the region.

Full Year Production Results

[bigglesbingham] 12/1/2021 01:02

What do you mean confidence? As though they know something? Think it's more someone has decided to crystallise profit irrespective of long term gain potential.

[charles clore] 12/1/2021 00:17

Those large round number sells have an air of confidence about them

[bigglesbingham] 11/1/2021 19:56

Went to 5.25 to buy them the sells to knock down to 5.17

[bigglesbingham] 11/1/2021 19:55

5.17 are buys I'm sure

[lottsgold] 11/1/2021 19:44

Just pondering on the gold price. It feels as if somethings afoot, could this be the beginning of yield curve control which would be great for gold? I'm no expert but there are a few here I'm sure. One for you Crossfire?

[thanksamillion] 11/1/2021 18:31

So I thought at first, but have another look 5.17 looking like a sell price as recent buys nearer 5.2?
Someone trying to confuse??