Ariana Resources Share Discussion Threads

[shortarm] 27/11/2023 08:17

Just shush will ya?

[excellance] 27/11/2023 08:11

So Ariana are considering a cash investment into their Zimbabwe project?

Due diligence normally means borrowing money, but equally could be corporate action and equity swap or equity issue.

[jaynesdad] 27/11/2023 07:55

So 1.1p November 2024 then!
Cosmic
As for Kerims interview, I predict AAU has had a very busy year and he is delighted with the progress. As always. Wonder if the £500m prediction will be reiterated?

[jaf1948] 27/11/2023 07:38

Renniks,

AAU Share price November 2020 5.1p

AAU Share price November 2021 4.1p

AAU Share price November 2022 3.1p

AAU Share price November 2023 2.1p

I didn't buy shares in Ariana to sit around a camp fire, have a love-in and sing 'Kumbaya'. I bought them to make money.

[zangdook] 27/11/2023 07:30

Anyone know who runs the twitter feed? ISTM it's arrogant enough that it must be either a spotty intern or one of the BoD. Or is it just Yellow effing Jersey?

[renniks2016] 27/11/2023 07:19

Comment was a tongue-in-cheek one Shortarm, and I agree with you. Sentiment here is unbelievably low! Really can't understand the rhetoric. LTH's want to exit at earliest opportunity! Lol people moaning about lack of investment and use of funds, then moan about too many projects, lack of this, lack of that, it's almost comical.Note to those wanting to bail, try ramping, you might get a better exit price! Jeez Keep it up lads you might just drive the share price low enough to fill my buy order!

[plasybryn] 27/11/2023 07:10

Dig Deep - The Mining Podcast Rob Tyson with Kerim looks like it takes place today. Not sure of time etc. Watch out on X.

[shortarm] 27/11/2023 06:36

I think they will issue when the campaign is complete. I also think the whole thing is kept low profile to avoid protests! Longest ever intercept of 425? Or more? Metres with copper and gold for bulk production is going to change the overallJORC!

[renniks2016] 27/11/2023 04:14

Has anyone stopped to think that Salinbas might not be all it's cracked up to be? Little or No news on such an extensive drilling campaign, often means no good news, in which case that would make the off load and de risk from Turkey an exceptional move. Just a thought.

[jaynesdad] 26/11/2023 23:08

Totally right dixi. Overall control of all Turkish assets were ceded to Ozaltin so AAU and Proccea are impotent at making any decisions there whatsoever. Not only have AAU management given away more than 50% of their productive and near productive assets at Kiziltepe and Tavsan (the former just as the loan for the Kiziltepe plant was repaid so debt free) but also lost 76.5% of their previous 100% interest at Salinbas, surrendered for a total pittance. Fantastic managemnent. Not.
At Tavsan alone AAU have lost at least 26.5% of 8 years x 30000 oz (source the latest presentation) - so profit on at least 63600 ounces of gold lost at Tavsan alone. Well what's that 63,600 oz profit worth compared to the $20m received for everything given up to Ozaltin in Western Turkey? Its no wonder the share price is 2p with a management record like that and its not why I bought in here. £500m company? You are having a laugh.

[xow98] 26/11/2023 18:36

14 March 2023

AIM: AAU

PROJECT LEOPARD: FIRST EXPLORATION LICENSES GRANTED

Ariana Resources plc ("Ariana" or "the Company"), the AIM-listed mineral exploration and development company with gold mining interests in Europe, is pleased to announce that its wholly-owned Turkish operating subsidiary, Galata Mineral Madencilik San. ve Tic. A.S. ("Galata") has been granted the exclusive exploration rights for three new licenses in Eastern Turkey as part of Project Leopard.

Highlights:

● Three contiguous licences valid for seven years cover an area of 6,000 hectares and are owned 100% by Ariana ("Gulluce Project").

● Dynamic exploration targeting multi-million ounce copper-gold deposits in Eastern Turkey, with further licence applications expected.

● Project generation process augmented by the Newmont 2D Database; right-of-first-refusal plus 1% NSR payable to Newmont if a project enters production.

[xow98] 26/11/2023 18:17

In the Nov 2022 interview he said they had drilled 36,000 meters in the last couple of years which represents 40% of all drilling over the last 17 years, which has been funded by the $8m from Ozaltin.

Not sure we have received all the drill results yet (??)

[xow98] 26/11/2023 18:09

Ariana Resources plc reposted

Rob Tyson - Executive Search Consultant
@MiningRobTyson
·
10h
𝗢𝗻 𝘁𝗵𝗲 𝗽𝗼𝗱𝗰0302;𝘀ҳ21; 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸...
Kerim Sener, MD at @ArianaResources returns to give us an update.

Listen back to Kerim's previous episode from Nov 2022: hxxps://rb.gy/jrndcc

[dixi] 26/11/2023 18:00

Presumably Ozaltin call the shots in Turkey as a majority shareholder. If they are in no great hurry, then it's a go-slow?

[jaf1948] 26/11/2023 17:52

IMO, Kerim's approach to being a CEO is similar to his approach to geology - instead of drilling lots of holes and hoping some of them hit the mark, he goes into lots of small ventures hoping that some of those hit the mark.

He may be proved right, but it does not appeal to me as an investment, nor, as one can determine by the share price, to many other would-be investors.

[plasybryn] 26/11/2023 17:06

How do you know he is doing another interview with Rob? It will be interesting as the Co. seems quite a different animal to just 12 months ago. Will he expand on that? Then it was nearly all about Turkey. His expectation in the i/v that he could drive the share price north on the back of pre production activity at Tavsan, as they did for Kiziktepe, has totally failed, but it is hardly surprising, as the Co. has failed to promote it like Kiziltepe. He said it would be the " next leg up for the share price" Why for goodness sake have they failed to promote Tavsan, as we should now be just months from production? Will the new interview explain this new African and non Turkey strategy? Why does it seem the core assets have been sidelined?
He talked in the interview about the massive drilling programmes at Kiziltepe and the Satellites to increase the resource and reserves, leading to an extended life of mine at Kiziltepe. He said "mining years ahead" This implied to me that Kiziltepe still had a good few years in it and that it could run concurrently for a time with Tavsan. The bottom line impact should and no doubt would be very exciting. But why haven't we heard about this Resource & Reserve work? What is going on?
He said that they wanted to find "the next big discovery in Turkey " - this being in Eastern Turkey - but what progress is being made? We hear nothing.
He said we would hear more on Project Leopard in "the coming months". That was last November. Again nothing of any substance.
At Salinbas he said, having got the Forestry permits, they would "just keep going" drilling in 2023 and possibly into 2024. But again, where is the progress report?
Let's hope this week with Mines & Money etc. Kerim starts to come clean and explain transparently why we seem to have changed course (if we have) and what progress is being made on the assets that should be driving the share price north substantially in very short order. Fingers crossed.

[xow98] 26/11/2023 17:01

Ariana Resources plc
@ArianaResources
·
Based on the research put out by our brokers we ought to be priced in the region of 5.5p per share. But the market tide is out somewhat, so we will see where we get to when it comes back in!

[soulsauce] 26/11/2023 16:37

No Charles, I believe Kerim does what he does with no interest in the share price or what shareholders make or don't imo.
I believe the company was fragmented so that the overall governance of the assets is left to others and in that way they have been able to maintain the current meagre management set up and allows him to direct the bits left from his comfy chair in Australia with the odd cosy chat with Rosy when he feels it necessary.

[soulsauce] 26/11/2023 16:35

Me too JaynesDad, although I always wanted to stick it out for Salinbas. However it seems it is now slipping down the pecking order and doubt there will be production there before the end of the decade and maybe not at all under AAU.
So like you Tavsan maybe give the poke I need to leave this for good.

[charles clore] 26/11/2023 16:34

Soul - do you think the company has deliberately fragmented the company for the purpose of preventing shareholders from leaving with a profit?

[jaynesdad] 26/11/2023 15:39

Confused. How many times has AAU made an x fold gain? Adding value and capitalising is part of the supposed business model but in my 6+ years here I can only remember the 2019 Black Friday bumper asset give away to Ozaltin, sorry the new JV structure, and I understand that a Lithium asset was traded very successfully - I don't remember that one, may have been when I owned few shares and wasn't as interested, just heard it happened. Like everything else with AAU this part of the model appears to proceed at the pace of an arthritic sloth. If I sound disillusioned with AAU now then you are correct. If I can think of a half reasonable exit strategy when Tavsan reaches production I will probably take it if I'm honest. Doubt I'm the only LTH thinking like that now. AAU was an exciting opportunity once, the sort of company I searched for. I don't see that excitement now.

[konil] 26/11/2023 14:54

aau's publicity around it would fit that scenario.

[konil] 26/11/2023 14:53

just a thought...

dokwe could be one of those that is moved up the value curve asap (possibly increasing aau's stake in the meantime) and then out. of course with such a strategy it would be self defeating to even hint that is the game. so whilst running with it the story is its a keeper...then next you know aau's stake has been sold at a x-fold gain. that avoids much (not all) of the unsavoury politics of the area. timeframe? who knows, 12 to 24 months?

[xow98] 26/11/2023 14:17

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[soulsauce] 26/11/2023 13:49

I am not so bothered about another asset in the portfolio as we are now mostly only holding bits of assets.
The annoyance for me is the jurisdiction of the new asset and that it appears to have come from nowhere to well up the pecking order.
The other annoyance is that shareholders have been unable to garner a decent return from the original assets and now have an asset they probably would not have invested in within the company mix so may have a decision to make.
I have to say it is a strange leftfield move by Mr.Conservative.