Ariana Resources Share Discussion Threads

[jaynesdad] 10/12/2022 18:28

Thanks
If I had a grand for every article I have read about gold going to $2500, $3000, $3500,..... I would have made far more money than I ever have from Ariana (to date at least, we all hope that will change next year)

[shortarm] 09/12/2022 09:58

I'm still here, just a quiet time of the year I guess... I would have a few for Christmas if they would lower the ask a little (my foreign account broker always manages to pay the full price!)

[thanksamillion] 09/12/2022 09:27

Gold $3,000 anyone?




Saxo bank suggests continued high inflation to lift gold.



...Looks like we have the board to ourselves BB/xow.

[thanksamillion] 08/12/2022 10:16

The copper chart above starting to look a bit more hopeful for IPO.

Edit.

"McEwen Copper looking to go public in the first half of 2023"

[bigglesbingham] 07/12/2022 09:44

I read that rns as we want to get away from partners put option rather than Cyprus

[thanksamillion] 07/12/2022 09:16

Shuffling the deck chairs a bit, the buying companies have shares in Caerus,

[soulsauce] 07/12/2022 08:41

CMRS left Cyprus:-

[shortarm] 07/12/2022 08:07

Wow, for a second there I did actually think it was blue!Ah well, still time for 4p before Christmas - a little news would be nice!

[bigglesbingham] 06/12/2022 14:54

Agreed. I'd struggle to believe tarsvan would not get debt finance. I believe the extra drilling it to obtain the best rate and by arguing the fact that the project is not dependant on getting finance adds weight to the negotiating hand.

[thanksamillion] 06/12/2022 12:25

Weather forcast for eastern Turkiye is good with little snow and above average temperatures till end of Dec, nice weather for an extended drilling season!

[konil] 06/12/2022 02:29

ozaltin have provided $8m funding for salinbas but iirc ks has said they are not involved operationally. not yet anyway. but all the points about the advantages of having a local heavyweight are pertinent.

[wellsaf] 05/12/2022 17:51

Kaos3, I think you're right to take an interest in Ozaltine and even to worry about this company, since we've not been told a great deal about them by Ariana. They after all have a 'controlling interest' in Zenit of 52%, which potentially could allow them to alter the direction of the venture, although we understand that practically Ariana runs research and Procceca runs production. However from everything I've heard, and I'll say what that is below, Ozaltine is proving a good business partner.

In the first place, Karim has said that Ozaltine are indeed putting money into Salinbas development as they are committed to doing (8 million in total I believe). Whereas before Ozaltine had no mining department of any sort and no experience of any sort in mining, now they have a small department of their own which is taking care of some or all of the drilling/testing (I forget the exact details) going on at Salinbas.

Secondly, as I mentioned before, Karim has said that Ozaltine enables Zenit to go through doors that otherwise would just not be open - meaning I think to reach senior government officials etc, whose blessing and backing I think we can all understand is particularly essential in Turkey.

Two elements that are more suppositious on my part. Though Kiziltepe is less remote than Tavsan, it's Tavsan nevertheless which has a nearby population - there is a neighbouring village (Micheal de Villiers called it a village, but perhaps it is almost a town). When a foreign company comes wanting to buy up land (including residential land) and intending to set up a big smelly mine using tonnes of toxic chemicals etc huge local opposition can be expected. Here I think Ozaltine name and connections have played their part in convincing locals that this mine is going to happen, one way or another, and there's no stopping it. Then it's a case of if you can't beat them join them, with locals accepting employment and training.

Karim has stressed many times that in mining the most important thing of all is having the backing of the local population and that in fact without it things just can't be done. The situation is that at Tavsan that backing seems, from what Karim and Micheal have been saying, to be forthcoming.

In the province in which Salinbas is located, by the way, there is a history of foreign mining ventures being thwarted by protesting locals. A Canadian (if my memory serves me correctly) mining company tried to start extracting minerals, but locals blocked the entrances and essentially boycotted the whole thing so that the Canadians had to leave with their tails between their legs (later on someone else acquired the licences/interest in that mine and had better luck). I might add that the CEO or Ozaltine was born in this same province if I'm not mistaken (and I like to imagine that this is part of the reason for Ozaltine's interest in Salinbas, and that the CEO wants to put back into his home province through jobs and opportunity and by bringing to the province the wealth associated with mining)

Going back to the formation of the present joint venture, I imagine that the reason that Ozaltine had 52% was as much about what this meant for the JV qualifying as a Turkish company (which may bring advantages in tax breaks and I don't know what), rather than a foreign one, than because Ozaltine itself wanted a controlling interest. This is suppositious on my part but I think likely to be right.

As for what Ozaltine could do to Zenit if it (Ozaltine) turns rogue ... Well, let's hopoe that doesn't happen. But it is a question that requires specialist knowledge of company law to answer, perhaps. I believe 75% vote is required to change the Articles of Association, if that's any comfort!

[shortarm] 02/12/2022 20:31

Mentor is a communicator, Kerim is only a genius on earth....

[charles clore] 02/12/2022 20:16

You get more snippets from Mentor than we ever did from Kerim. What a star! Mind you I'm not complaining about the CEO. They both bring their skills to the table but I think mentor seems more of a communicator.

[shortarm] 02/12/2022 16:00

Mentor Demi:Nice lunch with British Embassy, Ministry of Trade and Industry, UK Government Special Envoy for Trade, European Council of Investors and Kosovo-British Chambers.

[soulsauce] 02/12/2022 10:43

Yes, my bad Thanksamillion.

[konil] 02/12/2022 10:33

xow, from the rns

"This resource estimate will be updated again in 2023 following the conclusion of a new drilling programme which commenced a couple of weeks ago and is continuing to test for further resource extensions. The current resource estimate will now be used to update our financial models and mine optimisations, which we are aiming to complete and announce as our Definitive Feasibility Study in due course."

my guess is they will try for the loan once the dfs has been prepared based on what they have now, whilst continuing to drill ('new drilling programme'). if the financing takes a long time they can revise the dfs with results from the 'new drilling programme'.

must say i was caught off guard with the difficulty of getting the financing. i had assumed they had put it off in preference for drilling so as to get a bigger mre, rather than the other way around i.e. might as well drill until finance can be raised!

[xow98] 02/12/2022 10:00

Ariana Resources – Tavsan JORC Resource increase and more to come?

Ariana Resources (AAU) has announced “a tremendous enhancement for Tavsan, as construction continues on site” as this project is further progressed as a second 23.5% interest gold mining operation here.

By HotStockRockets

[thanksamillion] 02/12/2022 08:28

Thanks for that clarification wellsaf, its what I had assumed.

Oh, and welcome to the board.

Soul, Zenit is owned by Ozaltin AAU and Proceous 53% 23.5% 23.5% as I understand it. So oz itself will not contribute.

[plasybryn] 02/12/2022 07:44

Ausbiz market commentary:- It was a relatively quiet session. Perhaps there was a level of risk-aversion heading into US Non-Farm Payrolls data tonight. It's expected that the US economy added 200,000 jobs last month with the unemployment rate holding steady at 3.7%.Soft data and a dovish Fed Chair Powell this week weakened the Dollar, pushed down yields, and sent gold higher

[soulsauce] 02/12/2022 07:39

Surely Zenit and Ozaltin?

[wellsaf] 02/12/2022 07:36

correction: Zenit is self financing Tavsan for the time being, not Ariana alone. That’s what I meant to write.