Ariana Resources Share Discussion Threads

[kaos3] 20/1/2021 08:29

yes - and that is good, very good

I think also they are an honest team - very important too

very good geology .....

cheap ....

fully funded for a big step forward

[bigglesbingham] 20/1/2021 08:26

PR anything but smooth ha ha

[kaos3] 20/1/2021 08:12

I know I am a bit of a bore but here it goes;

red flags are
- too smooth PR
- so many red flags one just gets immune and just starts ignoring them

AAU is somewhere in no mans land and I just can not figure it out. kinda - "something is up" feeling
but then - it is so great and rational to buy.....

[bigglesbingham] 20/1/2021 08:05

With the work going on re increasing capacity I'd argue it's virtually impossible to provide meaningful guidance until March when they will know how plant construction is going. Wouldn't you agree??

[plasybryn] 20/1/2021 07:32

No one commented on Kerim's comment that we wouldn't get Guidance till the end of Q1. What other Co. waits to get three months results before issuing Guidance? It seems again, like their argument for not providing a Gantt chart, they are paranoid about getting it wrong. It's what works for them, not shareholders. We need a change of attitude in my opinion.

[plasybryn] 20/1/2021 07:20

Can anyone show the chart formation please?

[charles clore] 19/1/2021 23:57

That 10 year cup and handle looks like completing any day now - with a target of 10.5p

[bigglesbingham] 19/1/2021 22:05

I'm unsure what it is but listening to them it's neither here nor there .

[kirbs4] 19/1/2021 21:47

Biggles Kerim said in the interview last week that there was an issue with the jv structure to be resolved, I interpreted it to men personnel structure as opposed to company structure, but that could still be outstanding.

[bigglesbingham] 19/1/2021 20:32

My positivity can be misunderstood for ramping I don't think it is because if there's an issue ie PR then I say. I'm sure docs were signed subject to approval so must be only minor thinks to do. The producing mine , additional capacity, tarsvan next, exploration at salinbas ($8m free) , diversity through Cyprus (KS extremely excited by this), 0.7 to 1p dividend. No further dilution for exploration or production at aforementioned prospects ( debt shouldn't be problem). The addition projects we are unaware of (JS turned £35k into £3.5m Asgard lithium venture. So we have track record in production , short term and long term exploration and a divi to boot which many will reinvest to benefit from salinbas potential thus mitigating any reduction in the share price due to issuance of divi. This divi is not like a small regular it's large and will allow option of reinvestment many on here have not accounted for that imho. Cheers

[jaf1948] 19/1/2021 19:43

Biggles, thanks for that answer. Keep up the good work.

[bosbus] 19/1/2021 19:39

As I've said previously I re-invested my divi in the company as soon as it was announced - leaving myself skint. I feel very fortunate that I had a sizeable investment in ITX. Saved my bacon! I said to my wife last night, I was sure there would be a brilliant RNS in the morning - and there was 😢 Surely all the signing should happen immediately? Thank you Biggles for all your positivity.

[konil] 19/1/2021 19:28

bb, post 2974, most encouraging. thanks for sharing.

[bigglesbingham] 19/1/2021 18:39

Bruce Rowan held quite a few million and he passed away end 2019 (google him) . So whoever holds them now may be letting a few go but maybe not . If it is a holder like this who doesn't care about the company then it's good news for those similar to myself who have been adding at these silly valuations. AAU income stream and share of exploration assets have to be worth more than £25m especially when you look at other companies on aim. Madness really but ha ho you pays your money you takes your choice

[bigglesbingham] 19/1/2021 18:31

A listening approach tbh I know KS doesn't like idea joint brokers but I've never pushed broker angle too much because KS rates hodgson. Point is I don't see any results of panmure Gordon's efforts and not seen any documentation pushing the JV they are way too far up their backsides for my liking. Yellow Jersey are too inexperienced by far. I said it needs addressing and I'd like some discussions of PR. It was a case of let's get the deal done then we can sell it. Well it's now done and I will be asking how they intend to promote the superb job they have done to a wider audience. All discussion are totally congenial but it needs sorting .

[shortarm] 19/1/2021 17:43

Was persistent selling at just over 1.2p. Then it took ages to get away from 2p ish... Now it's just pausing for a breath while we swap people who've quadrupled their money for people who are going to quadruple their money! Simples x

[charles clore] 19/1/2021 17:31

Persistent selling into strength has been the hallmark of this stock for pretty much as long as I can remember. If it was one of the more popular listings in sure it would be well north of 10p at this stage. Oh, what a decent bit of PR could have done!

[jaf1948] 19/1/2021 16:58

Biggles,

On the times that you have gone back to the company pointing out that their PR is not up to scratch (euphemism), has their reaction been 'Yes we know and we're doing something about it','Not our problem' or somewhere in the middle.

[kirbs4] 19/1/2021 16:50

On a serious note, who holds enough shares to have been dumping this volume of such a long period without crossing a threshold requiring rns?? You would've thought it would be clear as we are talking millions over recent months. If it was one person/party, they would've been holding over 3m?

[thanksamillion] 19/1/2021 16:00

You have to give him credit for trying...

"my stance remains, at 5.05p and at up to 5.5p, that this is a clear buy. And with the macro picture pointing to a higher gold price my target remains at 7.5p, with 10p coming into view once the gold bull returns."

[jaf1948] 19/1/2021 15:58

1candc,

If the big selling abruptly stops in the near future, I will agree with you. If not, then I prefer my hypothesis.

[1candc] 19/1/2021 15:29

Another upbeat piece from our number 1 fan - Nigel Somerville

A bit more good news from AIM-listed gold producer in Turkey Ariana Resources (AAU) this morning: the Turkish authorities have approved the proposed corporate action which brings Ozaltin into the current joint venture between Ariana and Proccea and will see Salinbas taken on as well.

Ariana already has shareholder approval for the deal, under which Ariana’s interest in the assets will reduced to 23.5% in return for $37.75 million, so it is all systems go. We are told that the three parties are now working on finalising the transaction and then activities under the new joint venture can get going.

Of course, this also means that Ariana will get its $37.75 million as well – which will lead to payment of that special dividend we have been waiting for of perhaps around 0.7p per share. That in itself is exciting!

But we are also told that drilling at Kiziltepe is well underway – and on the list for drilling is the now depleted Arzu South deposit which was of a higher grade than other pits. We were previously told that Ariana was looking for deposit extensions both at depth and along strike. Whilst success would add more ounces of gold to reserves, if higher grade deposits are found and are commercial that could add sharply to the economics of the Kiziltepe processing plant, where work on expanding the processing capacity is underway.

Turkish approval for the joint venture deal was, I had assumed, a foregone conclusion. But with government approvals you never can tell, so confirmation this morning that all is well is a great reassurance. The only slight fly in the ointment as far as Ariana is concerned is when Tavsan will get the go-ahead – but as it will be part of the joint venture, perhaps things will become clearer once the deal has finally completed.

With much to look forward to – including that special dividend – my stance remains, at 5.05p and at up to 5.5p, that this is a clear buy. And with the macro picture pointing to a higher gold price my target remains at 7.5p, with 10p coming into view once the gold bull returns.

[1candc] 19/1/2021 14:54

Anyone not believing there is a large seller out there only needs to see the dumping going on at an industrial rate as I type

[konil] 19/1/2021 14:54

but why sell now with divi confirmed after final govt clearance?