Ariana Resources Share Discussion Threads

[corrientes] 04/3/2021 17:40

So back to 4p where it will remain for how many months or years ?

[thanksamillion] 04/3/2021 16:59

Chill folk, I'm content to pay 4.? for a share that I think is worth perhaps 7p at the mo and much much more in a few years. Others it seems are willing to part with them at the current level, but one day they all will have moved on and only clever tight holders like what I is will be left. Lets see what the price is then ;-)

[d1g3y] 04/3/2021 16:45

Don't think I want them to announce any more good news. My paper profits can't take it lol

[plasybryn] 04/3/2021 16:32

The share price is down 2p from its 6.3p high on 3rd September last year.
So down nearly a third, since then. Michael de Villiers, Chairman owns 55m shares, so on paper he is down £1.1m. Ouch.
And yet since last September the Co. has announced all these positives:-
1. Maiden JORC resource at Magellan, Cyprus & subsequent updated mineral resource estimate.
2. Exceeded full year production by 3.5%
3. Processing plant expansion at Kiziltepe underway - an increase of over 300% over the Feasibility Study.
4. Kerim Sener, CEO, added 1m shares
5. New high grade veins identified at Arzu North
6. Chris Sangster, Non Executive Director, buys 210,443 shares
7. Received £25m in cash and new Transformational deal completed.
Goodness me. And that results in a 33% drop in the share price. Value better be recognised soon!!

[plasybryn] 04/3/2021 16:04

Market Cap. £45m. Cash in the Bank £25m. Profitable. One of the lowest costs globally.
Backed by a Multi National. Run off Working Capital facility to be cleared by Q3.
Diversified - gold, copper & silver JORC resources.
Investments and stock piles.
Partner in two potential new mines- Tavsan & Salinbas.
Did someone create a new valuation paradigm?

[bigglesbingham] 04/3/2021 15:28

Hi JAF you can see just what I mean by a worked systematic sell . Everytime a buy there a corresponding sell.

[bigglesbingham] 04/3/2021 15:16

Think he is but he won't commit to that 30000. Watch interview

[5huu] 04/3/2021 15:13

I couldn't resist Charles. This is madness. As Soul says the divi is approx 20-25% now.

[lottsgold] 04/3/2021 15:10

Thanks Soul, Looks like they will stick to the plan of the low grade in the North then work on the South resource. If they can get enough down there that could make a huge difference to the economics.

[lottsgold] 04/3/2021 15:07

It was running at 4g/tThere were veins at 6g/t in recent drilling and these results in the Arzu South drilling-o 12.8m @ 6.09g/t Au + 107.58g/t Ago 2.10m @ 4.75g/t Au + 14.76g/t AuSo hopefully a possibility going forward to run at higher grades?

[soulsauce] 04/3/2021 15:05

Lotts it sounds like we will continue to run low grade ore from Arzu North but lots more of it. Unless they find more of the 4/5g per ton stuff near the surface with the drilling at Arzu South then that will possibly need some sort of u/g access.

[lottsgold] 04/3/2021 15:01

I was hoping for nearer 30k to be honest, my thinking was these higher grade zones could be brought into play sooner to increase the head grade. What grades were we running at peak? I'll go back through and find it but wondered if anyone expected the same? Sounds pretty certain 25k was the expected high end.

[soulsauce] 04/3/2021 15:01

The fall in the share price means the divvy now is 20-25% - crazy.

[bigglesbingham] 04/3/2021 14:55

From Tw interview he already said that they are looking at 25000 per annum once enhancements done but with a tailwind on exploration could tip 30000.

[lottsgold] 04/3/2021 14:15

Doesn't look like you'll be waiting long Charles! Must admit I didn't expect it to get to this point, lucky this is a long term investment for me!

[charles clore] 04/3/2021 13:53

Can't wait for it to hit 4. Hard to resist buying now but patience is the key.

[pharmoutcomeszzz] 04/3/2021 13:21

If you’ve just bought that amount JAF, I look forward to you ramping the company for all it’s worth going forwards - contributions without a ‘but’.

[crossfirecssf] 04/3/2021 12:34

The 30%+ sudden drop in production was almost a through away comment, which is slightly concerning, but this first quarter will tell us a lot.

[jaf1948] 04/3/2021 11:04

Thanksamillion,

I wasn't planning to post for a while but just wanted to say it was my 448k buy.

Of course, I would have bought more if I didn't have such an unrelenting downer on this company.....

[plasybryn] 04/3/2021 10:13

I will be interesting to read "Guidance" for 2021 which is due out this month. Last year it came out on 19th March and gave commentary about oil and gold prices.
But this year will it talk about the Kiziltepe upgrade - namely,
Operational enhancements at the site - work underway to increase operating capacity up to about 500,000 tonnes of ore per annum.

[thanksamillion] 04/3/2021 10:12

v. nice 448k buy just appeared, not mine i should add.

[bosbus] 04/3/2021 10:09

There was some mention here recently about the negative effect of Turkish politics and Erdogan in particular on AAU.
This quote is from Victor Katona and, I think it shows how difficult it must be for KS to get his act together.

"The confrontational style and bellicose language of the current leadership in Ankara make it difficult for Western firms to close an agreement."

[thanksamillion] 04/3/2021 10:00

Same here, topped up today, feel perfectly secure, will get 25% back in a couple of months.

[bigglesbingham] 03/3/2021 22:08

My adding is because I think the fundementals and assets are worth more than the shareprice is suggesting . Doesn't really matter who it selling as that doesn't affect my rationale