Ariana Resources Share Discussion Threads

[plasybryn] 06/6/2023 14:36

Under Analyst Coverage on Web Site. Panmure Gordon & WH Ireland

[plasybryn] 06/6/2023 14:32

Subscription only:- i've not bought into it yet. Hoped some else might have done. Subject: AAU - RSRCH: WHIreland "Ariana Resources - Annual results (Dec 2022): a year of consolidation and new developments."?

[jaynesdad] 06/6/2023 14:05

No Plasbyrn, is that related to these ruslts. Any precis you cab share?

[plasybryn] 06/6/2023 13:59

Anyone read the WH Ireland report. Subscription only

[plasybryn] 06/6/2023 13:17

SP AngelAriana Resources (AAU LN) 2.35p, Mkt Cap £28m – 2022 reported as the company's most successful operating year in its 20 year historyReporting on what the company describes as "very satisfactory results for the year" Ariana Resources reports a pre-tax profit of £5.0m for the year ended December 2022.The company says that although this "was £2.7m less than 2021, albeit that year benefited from the profit of £6.4m on the part disposal of our Turkish interests".Ariana also reports "the decline in cash balances from £16.4m to £9.4m, comprising dividends paid by the Company to shareholders amounting to £4m during the year as part of the special dividend arising on last year's part disposal of our interests, and also an increase in tax payable in Turkey of £1.9m due to corporation tax changing to becoming payable in advance there".Explaining that 2022 was the company's 20th year, it says that 2022 was, operationally, its "most successful year to date, achieving record gold production and revenue from its Turkish mine, coupled with the most drilling ever completed across three simultaneous campaigns at Kiziltepe, Tav?an and Salinbas ... [as well as] ... the commencement of construction at the Tav?an mine site in July, which will lead to the development of Zenit's second gold mining operation in Türkiye".In March, the company said that it expects to produce around 18,000oz of gold in 2023 from the processing of approximately 350,000t of ore at a grade of ~1.7g/t gold at its 23.5% owned Kiziltepe gold mine in Turkey where production is planned from the Arzu North, Derya and Banu open-pits.The company comments on the "strategic investment of US$2.5 million into the Company by Newmont Mining Corporation in March, ... [and the] ... grant of the first four exploration licences in Kosovo, coupled post-period end with the grant of the first Project Leopard exploration licences in Eastern Türkiye".Ariana Resources says that it "keen to advance on larger projects capable of supporting the Company on its journey towards becoming a mid-tier mine developer ... [and says that it is ] .... undertaking several project and jurisdictional reviews with the aim of securing a significant new flagship asset around which the future of the Company may continue to be built".Conclusion: Ariana Resources is now looking for larger projects to support aspirations of becoming a mid-tier mine developer.

[soulsauce] 06/6/2023 13:06

About what bigglesbingham?

[bigglesbingham] 06/6/2023 13:05

I've asked question direct

[zangdook] 06/6/2023 13:04

istm all that really matters is shareholder value and company management, and since those have been ENHANCED, why do they need to worry us with minor details?

[soulsauce] 06/6/2023 12:57

One thing that did surprise me is how little was said about Salinbas 😏

[konil] 06/6/2023 12:52

jaynesdad, 18130, i hope you are wrong about tavsan and that it comes fully on stream in 2024, if not q1 then soon after. who knows?
as for the rest, agreed.

[soulsauce] 06/6/2023 12:21

👏👏👏👏 Well said JD.

They have lost nearly 3yrs looking for new projects. The company should have used the jv money to springboard itself forward instead of sitting on their laurels and done something then.

[professor pettigrew] 06/6/2023 11:22

Not THE reason for current weakness here, but maybe one or two reasons for it:-

[xow98] 06/6/2023 11:09

AAU need to deliver on what they have and stop chasing new targets that may/will only deliver mid/long term. If KS is so brilliant at finding resources why is it we keep acquiring but never increasing our production?

This BoD needs shaking up so that they focus on delivery, with clear timescales so that they can be held accountable. Won't happen with the current incumbents.

"Shareholder value has been enhanced" when the share price has more than halved, pre-div, in the last 2 years would indicate that MDV does not have the ability to Chair a listed company. Some of the decrease is market driven but the statement alone says it all.

[konil] 06/6/2023 10:56

soul, you could be correct. iirc they had previously said that mine construction continues while aau wait for court resolution, but now they say its been 'temporarily suspended'.

[soulsauce] 06/6/2023 10:46

Konil I doubt Tavsan will hit q1 24. It was looking odds on to miss that without open ended this delay 😕

[cinoib] 06/6/2023 10:44

now 2.2 any advance on 1p my order is in for 1p shares as am sure it will arrive sooner than 4p as that is now a pipe dream. New management called for here am afraid.

[konil] 06/6/2023 10:43

only hope is tavsan resolution in the courts quickly and thereafter production in 2024 hopefully q1.

is aau getting too far ahead of itself given their thin bod, or too interested in its proprietary methodolgy at the expense of management time on near term value creation?

a year or two ago i thought aau was at an inflection point, little did i realise i had got the direction wrong. what has become of aau?

[jaynesdad] 06/6/2023 10:39

True dixi, I would have suggested the 'distant' before the word future. What a mess, mid 2019 I never thought it would turn into this, especially the total complete and utter lack of progress at Salinbas. This what you get for losing a controlling interest of your assets.

[soulsauce] 06/6/2023 10:29

Well that went down like a bucket of sick, surprised, no.

[chinese investor] 06/6/2023 10:21

Tooth Hurtie !!!

[dixi] 06/6/2023 10:15

Yep, 'future' yet again!!

[paul280i] 06/6/2023 10:08

One sentance that helps keep me holding these shares is "A final point worthy of note is the transfer of £7.2m from the Capital Reduction Reserve to boost Retained Earnings, and facilitate dividend payments in future years."

I just hope I'm still aroung to receive it.

[jaynesdad] 06/6/2023 09:59

I am so disenchanted now. Ariana acts like an easily bored child. Wants to gather more and more projects, to get its fingers in more pies, then gets bored and goes down to the toyshop where bright shiny new ones are to play with for a bit before in turn getting put on a back burner with the others. I'm off to Wethespoons, maybe all the old soaks down there every day staring distantly into their pints are fellow Ariana shareholders. Perhaps I'll ask them.

[soulsauce] 06/6/2023 09:53

JD, it is quite obvious now that Kerim & Co will be waiting until markets improve however long it takes, whatever that means.
But lets break it down. Markets won't improve until mid/late September now due to the summer malaise but may not improve until the Ukraine war shows some signs of resolution.
Given they will need to see a marked improvement over say 3mths and then another 3mths+ to work through the ipo procedure means there will be no ipo this year.

What is disappointing is that not only has Apliki been put long term hold (if we have not lost it altogether) but it seems everything else in Cyprus is on hold.