Ariana Resources Share Discussion Threads

[soulsauce] 18/2/2021 07:46

Shortarm wasn't it central where the bonanza grades were?

[pauliewonder] 18/2/2021 07:44

That's some RNS if you read it through. Very happy to sit and acquire more shares.

[shortarm] 18/2/2021 07:39

Arzu South is the one I'm most looking forward to....

[soulsauce] 18/2/2021 07:38

Very good news. Expecting Arzu South and Central to increase resources too.
Finding plenty more gold to feed that increased capacity in Q3.

[shortarm] 18/2/2021 07:33

Not yet....... doom warrior :-P

[renniks2016] 18/2/2021 07:31

Come on guys, who wasn't expecting this, (maybe not so soon after yesterdays) they gave us all the clues we needed weeks ago, you don't implement a 100% mine process upgrade just to stand still (lower grades need more through put yes)but you do it to capitalise on what you 'know' have coming, and they have a huge amount of high grade ore with this and lots more to come, the drills have been busy with no news, i'm expecting much more in the coming months.

Happy Days.

[lottsgold] 18/2/2021 07:20

I was expecting Arzu South High Grade Vein to get the attention, if they keep this up the head grade can be improved combined with the expansion will be a pretty good start to the JV!

[johncasey] 18/2/2021 07:20

shame-not-reflected-in-share-price

[shortarm] 18/2/2021 07:15

Let's have a look at the south pit extensions where the highest grades came from! Gotta love AAU!

[shortarm] 18/2/2021 07:15

23 new veinso 4m @ 6.58 g/t Au + 130 g/t Ago 1m @ 14.48 g/t Au + 260 g/t Ago 4m @ 3.58 g/t Au + 26 g/t Ag

[nov31] 18/2/2021 07:13

Very nice news this morning!

[shortarm] 18/2/2021 07:12

Hahahahahahahahahaha :-D

[daicaprice] 18/2/2021 07:10

More good news, good ere innit.

DC

[bigglesbingham] 18/2/2021 00:56

Yes but my gut says it will be an opportunity with a short window. First come first served when it happens

[charles clore] 17/2/2021 22:05

Biggles - the trick will be to use the divi money to buy on the post-divi dip. Timed carefully it could be quite a good opportunity there!

[bigglesbingham] 17/2/2021 21:21

Exactly ! The size of divi brings in the option to buy significant shares and many will when salinbas gains traction

[plasybryn] 17/2/2021 21:10

Thanks for sharing that Biggles.

[charles clore] 17/2/2021 20:44

Half the cash is what I am estimating. A penny a share would be equivalent to another million shares for my isa

[lottsgold] 17/2/2021 20:14

I imagine he can't disappoint if he under estimates?

[sonoftherock] 17/2/2021 19:01

I agree on the dividend size BB. Not sure why he repeatedly talks of a special dividend below what the company has indicated.

[bigglesbingham] 17/2/2021 18:28

A pretty good summation. From Shareprophets but I'm still betting on a dividend 0.8-1p. AIM-listed gold producer in Turkey Ariana Resources (AAU) has announced completion of the corporate action bringing Ozaltin into its joint venture with Proccea, under which Ariana has reduced its ownership to 23.5% of its assets at and around its producing Kiziltepe plant and at Salinbas in Eastern Turkey in return for $37.75 million. It has taken over a year, but finally we are there. So what will Ariana spend the resulting £25 million on?Well first up is the long-standing commitment to pony up a special dividend, described this morning as being substantial to reward loyal shareholders such as myself. My expectation is that around $10 million will be handed out, around 0.7p per share, and with a GM due later this month to allow a spot of capital restructuring to allow its payment, my hope is that the cheque will be in the post before too long, although there remain a few hurdles including a trip to the High Court so a little more patience is needed.But that still leaves around £18 million – less costs and tax, so perhaps £15 million or so to spend on other things. We know that Ariana is earning in to Venus Minerals in Cyprus and it should be up to 50% later this year. But that only accounts for EUR 2.4 million and that started at the back end of 2019. So there is plenty of cash still left over.CEO Kerim Sener tells us that Ariana is also engaging in further exploration and development across Turkey and the wider region but that is on behalf of the JV and one would hope that it will be rewarded via the existing deal to sell assets into the JV.But we are told this morning that:Separately, we are progressing our assessment of several gold and copper-gold projects elsewhere in Eastern Europe, for which we expect to announce further developments during H1 2021......We look forward to updating the market on these and other high-impact initiatives that will be advanced by the Company during the coming monthsOK, so Kerim Sener is still holding his cards close to his chest but it is clear that he has identified some assets which are of interest and now that he has a pile of cash my hope is that a high-impact deal will be done fairly soon........watch this space!Well, so much for the jam tomorrow! More pressing is the processing plant expansion which is ongoing at Kiziltepe. We are told that it is well underway and due for completion in the second half of this year. My hope is that this will bring gold production up to around 30,000 oz per year and if the ongoing drilling programme which includes extensions at the now depleted Arzu South pit, which was of a higher grade than the currently mined Arzu North and Derya pits then that 30,000 oz could head northwards.We should also get news on what is proposed at Tavsan, where a 30,000 oz per year gold facility is planned. My earlier hopes were that we would see it later this year but with Covid restrictions and the JV deal having taken a fair while there has obviously been a delay for it is hardly mentioned this morning. However, with a capital repayment plan of just over a year it does seem that the plan is robust and now that the JV deal has been settled I hope for news on that before too long.But the prize with the biggest potential is Salinbas. It already has over a million ounces of gold booked but the project has hardly been explored: Ariana has only scratched the surface. Even so, there is already a plan for a 50,000 oz per year gold facility but if exploration goes well that figre could move to more like 100,000 oz a year. As part of Ozaltin's buy-in deal to the JV it is to pony up $8 million which will pay for additional permitting, an Environmental Impact Assessment and a Feasibility study – and presumably more drilling. Clearly at the moment it is another jam-tomorrow story but we should hear rather more on this in the months ahead as we find out whether the Hot Gold Corridor lives up to its name. Ozaltin CEO Mr Muzaffer Ozdemir tells is that we are ready to get off to a flying start – let's hope so!Ariana's shares are up this morning by 11% to 4.9p on the news, despite Gold continuing to dribble south (it was $1790 last seen) but with the deal now completed and clearly much to look forward to I am sticking with my 7.5p target and continue to rate the stock, at up to 5.5p, a clear buy.

[soulsauce] 17/2/2021 18:28

Says gold and copper gold in the Rns Lotts but I would also hope we have some extra silver in there.

[lottsgold] 17/2/2021 18:25

I think the mats more than a guess, I can't wait to see what the project Kerim is going for is. I have to wonder what metal he will be targeting, are battery metals out of the question?

[5huu] 17/2/2021 16:52

Thank you soul. I'm guessing Kerim will be on the acquisition trail too, so news there too we hope. The skill set / strengths of the JV team really fits well I feel.