Ariana Resources Share Discussion Threads

[thanksamillion] 21/1/2022 11:59

I would like to invest £5 anyone suggest where it is best to place it??

HEE HEE - sorry.

[bigglesbingham] 21/1/2022 11:50

All you can get for such small amounts

[lottsgold] 21/1/2022 11:31

Who keeps paying 4.5, people just throwing money away!

[charles clore] 20/1/2022 16:21

Silver hovering around the 200 day moving average today. If it breaks through that all bets are off and it should go a lot higher imho.

[soulsauce] 20/1/2022 13:36

Gold and silver turning up again 👍

[soulsauce] 20/1/2022 12:46

Thanks for posting Paul.

Quite a few small miners on the up today but as ever we are swimming in molasses.

[paul280i] 20/1/2022 12:41

Nice writeup from Nigel but nothing we don't a;ready know:

Ariana Resources - Production results & general update, still a Buy says Nigel Somerville...

AIM-listed gold and silver producer in Turkey, Ariana Resources (AAU) has released its full year production data for 2021 – and the news is good. Alongside that came an expectation to double the original life of mine at Kiziltepe, and the company confirmed that the plant expansion there had indeed completed in early H2 increasing the capacity to 300% over the feasibility design.

Full year gold production came in at 20,737 oz. Given that first half production was 7,941 oz, that means that H2 saw 12,796 oz produced. On that basis, one can imagine production for this year hitting around 26,000 oz – a big uplift on the 2021 target of just 19,000 oz. But we are also told: Mining operations are continuing at Arzu North and Derya, with additional high-grade (7 to 8 g/t Au) material being trucked from Kepez, with expansion of these operations expected during the current year . Coupled with last year’s successful drilling operations around the Kiziltepe plant, this suggests there is plenty of room for an upside surprise with regard to gold production from Kiziltepe this year. With the gold price hanging around the $1800 mark and cash costs aimed at $500-600 per oz, Ariana’s 23.5% is worth perhaps around $7.3 million a year, or £5.4 million before capital and other costs. With another five years (at least) in prospect, that reads very well.

But Gold mine number two is on the way at Tavsan, with construction expected to commence later this year. I had hoped that the go-ahead would have been given by now, but full permitting is close and the bank finance should follow shortly thereafter; then it is a year to production of around 30,000 oz gold per year at a similar cost to the Kiziltepe mine and again Ariana owns 23.5%. In the meantime Ariana has had up to three drill rigs digging away to up the mineral resource estimate. Over at Salinbas, also 23.5% owned, a single rig is drilling away as permitting progresses. My hope is that Ariana will announce its third gold mine in the next couple of years. And, away from Turkey, we are told that Venus Minerals – currently 50% owned – is progressing towards its own IPO and is working on mineral resource estimates following drilling work in Cyprus during 2021. Last heard, we should see a mine Apliki/Magellan around a year from IPO. So there is every reason to expect Ariana to have a big hand in four mines before too long. Ariana also makes play of its investment plans: Western Tethyan Resouces (75% owned) has 300 square kilometres of licenses under application in Kosovo and is working on new opportunities across Eastern Europe, whilst Asgard Metals has made two investments into early stage opportunities (including now ASX-listed Panther Metals) and is working on several more for 2022.

So there is lots to look forward to as new mines come on stream and Ariana diversifies both its geography and mineral production. Once the Venus IPO and the Tavsan go-ahead has the green light there is every reason to expect some decent upside from the current 4.15p. As discussed before, my assessment of what Ariana has right now comes in at around 5.2p, so at 4.15p the stance on the shares remains Buy and I own some. As and when Tavsan and Venus progress, that 5.2p will head sharply north – not to mention the potential game-changer over at Salinbas where a 50,000 oz gold facility is already pencilled in, but could be substantially bigger than that - and my target price remains 7.15p for now, ahead of the second tranche of the special dividend due perhaps some time in March.

[zangdook] 20/1/2022 10:15

I recommend the filter button, the board is a lot better without shortarm.

[bigglesbingham] 20/1/2022 08:25

Trying to be funny just ignore

[lottsgold] 20/1/2022 08:23

Strange comment that one!

[shortarm] 20/1/2022 08:11

No wonder you have admirers like Sefton1

[zangdook] 20/1/2022 08:08

It must be time for MdV to award himself another ten million options before the share price responds.

[lottsgold] 20/1/2022 06:30

I see Panther metals is up about 40% already, nice start for Asgard.

[renniks2016] 19/1/2022 16:25

Next stop $1920 filled be ATH and beyond with a back test of $1675 thrown in for good measure. Only time will tell.

[lottsgold] 19/1/2022 16:17

Blimey they have let the metals loose haven't they!

[soulsauce] 19/1/2022 15:33

Gold, silver and copper going great this week. Long may it last.

[lottsgold] 19/1/2022 11:53

Your right Renniks, the costs are similar at Tavsan too, some upside in the metals and Tavsan news would really make Ariana move. Looks like I might have chance for another top up in the meantime though!

[renniks2016] 19/1/2022 11:39

One thing here that I do feel does not get enough recognition is the AISC, I cannot find anyone bettering these at the moment, $500-600 oz is fantastic, there aren't even many under $1koz 100% more profit per oz than the likes of say CEY just think that's good, if silver brakes out and goes where predicted then the credits added to gold price are going to be significant imho.

[lottsgold] 19/1/2022 11:18

Thanks all, will keep reading and learning, appreciate the sharing of ideas. Not an easy game this but the rewards are there waiting to be had, a shame they take so long to materialise but we can see the valuation gaps and if they didn't exist we wouldn't have these opportunities!

[shortarm] 19/1/2022 10:45

They are, I was meaning the 430k yesterday and 270K today....

[thanksamillion] 19/1/2022 10:39

I think the bid offer(well the offer at least) is misleading, maybe those trades around 4.2 are actually buys.

[shortarm] 19/1/2022 10:28

At least there's some buying on the other exchange but I really really do not understand the selling here!