Ariana Resources Share Discussion Threads

[plasybryn] 09/7/2021 20:46

Anyone pick this up on Twitter on Wednesday - Zak Mir on the Ariana Resources "technicals"
Might be of interest to some.

hxxps://www.voxmarkets.co.uk/articles/traders-cafe-with-zak-mir-bulletin-board-heroes-july-7-dcf503b/

[renniks2016] 09/7/2021 20:02

Brad- I did want to over egg it! But I do agree, yes, yes, they were orgasmic ! ??

[8rad] 09/7/2021 19:05

Renniks...I can think of a more appropriate word than interesting which starts with O and ends with C.

[renniks2016] 09/7/2021 18:33

Pre-current drill results at Kokkinoyia were still very interesting. Following current results easy money!

Historical production records demonstrate average recovery of gold to copper concentrates of 5.0 g/t. Intermittent gold assays in historical drilling further highlight the gold potential, with the best intercept measuring 8m @ 2.2g/t. Check sampling by Venus demonstrates significant gold in composite waste dump samples, with individual samples grading up to 5.0 g/t, and an average grade of 0.8 g/t Au across all waste samples. Venus believes that further drilling will enable gold to be incorporated into a Resource upgrade.

Furthermore, examination of historical drill logs indicates that many holes were terminated in mineralisation, often due to caving of the hole walls, a common problem with the open-hole drilling techniques used at the time. It is the company’s understanding that there remains significant potential to extend the known mineralisation at depth and down plunge.

The relatively shallow and continuous nature of the mineralisation in the Western Block beneath the historical pit may lend itself to a starter mine and early cash flow. This concept is to be further developed in 2021.

[soulsauce] 09/7/2021 18:16

Hi DIG3Y putting a value on Cyprus is something that a good broker might be on top of. Shame we haven't got one.

[d1g3y] 09/7/2021 18:04

I was trying to get a ballpark value for AAUs 50% of Kokkinoyia. The RNS said JORC estimate of 36,000 tonnes of copper at $10k per tonne is 360 million. AAUs 50% would be 180 million. I read an article recently that stated a mid-tier / major might expect to pay 5% for resources in ground. That would put a figure of $9 million for AAUs portion. Fully appreciate JORC estimate might need to be indicated/inferred but it's a start. Secondly I didn't include gold which would defo help with the economics. Will be interesting to hear the results of the next 8 drills holes as the team start to build up a picture of the prospect. Starting to look like another good bit of business by the AAU team

[ironstorm] 09/7/2021 15:29

Dig - yes you are right of course but we did ge this brief update on the JV.

"Our joint venture operations in Turkey, comprising the Kiziltepe Mine and the Tavsan and Salinbas projects ("JV"), produced 18,645 ounces of gold to the end of 2020, as reported in January 2021. JV production has continued uninterrupted and the Kiziltepe Mine continues to perform in accordance with the guidance provided in March 2021, from which we are expecting 19,000 ounces of gold to be produced by year end. The JV has recently completed a 10,052m drilling programme at Kiziltepe, and drilling operations are now continuing on Kepez and other nearby prospects. Preparation for new drilling campaigns at Tavsan and Salinbas are also well underway and are expected to commence during the summer.

[charles clore] 09/7/2021 14:58

Masters - thanks for your reply.

[d1g3y] 09/7/2021 14:47

Good post Iron. Slight correction that final results RNS was to flag a delay. We certainly have had a flurry of news recently it's amazing within all of it we haven't heard anything about our two main projects in Tavsan and Salinbas. It shows there is an lot for the small AAU team to keep them very busy.P.S. PG are pants :-)

[konil] 09/7/2021 12:25

jaf, yes they will and its fair enough, within reason, that they do it to their timescales, they run the show after all.

my point was that perhaps the latest 'delay' (in apostrophes because some may not see it as a further delay) could be because they are assessing the payout and may decide to enhance it by including some accumulated profits. i know its unlikely but just wishful thinking!

[masterg1] 09/7/2021 11:51

Charles - Companies House filings can be 24/7 online including weekends. The Guidance only mentions 10-14 days there is no mention of working days.

[charles clore] 09/7/2021 11:36

Master - I assume that's 10-14 working days?

[masterg1] 09/7/2021 11:17

Early July was always optimistic, as it normally takes Companies House between 10-14 days to process Capital reduction form SH19. My Guess would be sometime next week depending on when the forms were forwarded to Companies House. They can normally be done online, like most things these days.

[jaf1948] 09/7/2021 10:32

konil,

I have every confidence that the BoD will get everything done that needs to be done, but they will do it in a time frame that is convenient for them, rather than for us.

[konil] 09/7/2021 10:01

we are now in territory where we can say the paydate has been further delayed because the 'early' july date for divi details has been missed (unless rns squeezed in later today).

my hope, admittedly rather low in likelihood, is that they are lining up ducks for a bigger payout incorporating 50% jv proceeds already mentioned plus distribution of some accumulated profits. with legalities sorted and company financial structure aligned the frequency/amount etc. of divs, whether one-off or ongoing, should be entirely at bod control.

[shortarm] 09/7/2021 09:07

I'm sure Biggles will have spoken to him lol.

[xow98] 09/7/2021 09:02

MDV is the secretary, so the registration at Companies House sits squarely on his desk.

[kaos3] 09/7/2021 08:34

OT

age and being grumpy

maybe age brings experience and evolved intuition - recognizing situations for what they really are - and calling it out - as there is nothing left to fear - being older

younger ones are just lacking milage sometimes

of course there are different kinds of old and young etc

I learned to listen to the old hacks
they fuc.. know it and are even being nice for what they know

PS - thanks Renniks - for the sound of silence - and for speaking

[soulsauce] 08/7/2021 20:10

Great post pharm, gave me a good laugh.

[8rad] 08/7/2021 20:04

Nobody here today has mentioned the Danish disillusionment in VAR ...Very Angry Repositors.

[charles clore] 08/7/2021 16:02

Maybe they will do a Beckenbauer and score from the touchline. That would leave us all gob smacked. Maybe that's the plan cos nobody could foresee that but we'd all be happy.

[soulsauce] 08/7/2021 15:20

Cheers Thanksamillion.

Spot on JAF.