Ariana Resources Share Discussion Threads

[shortarm] 18/1/2024 13:43

Holy FS, 2 million let go for 2.05!Price holding well at the moment....

[shortarm] 18/1/2024 13:08

Again with the sitting down?

[soulsauce] 18/1/2024 13:00

Glad I was sitting down for reading that 🙄

[shortarm] 18/1/2024 12:41

Interesting opinion from Strangerstill on the LSE board.
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LET'S BE REALISTICToday 11:41
Kiziltepe

Production in 2023 was about what was expected – neither good nor bad.

The mining at Kiziltepe is going to finish in the next few years which probably means more than two and less than five years but is still good news.

Satellite pits should keep the processing plant operational for a few years after that – good news

When the processing plant is no longer being used at Kiziltepe the plans are to utilise it elsewhere, Kosovo has been mentioned – good news

Tavsan

The completion of the mine is delayed by a quarter as the heap leach liners cannot be put down at present due to bad weather. The legal challenge delayed the liners by about four months so without this the heap leach would have been completed before winter – bad news.

Steel construction and fabrication, along with the delivery of various plant components are being staggered in accordance with cash-flow considerations. There is little point in completing the processing plant before the heap leach pads are operational, so scheduling the construction of the plant to be complete when the heap leach pads are operational is just good sense. There is no point in spending/borrowing cash before you need to. – It is what it is.

Venus

Venust is now a PLC which means that the IPO can go ahead as soon as market conditions are right. The price of copper is depressed at the moment due to the slow growth of the Chinese economy (only 5%) and the low take up of EVs. The depressed EV market will turn around as consumers are waiting for the promised next generation of EVs that will cost less, have greater range (around 500 miles) and recharge times of 15 to 20 minutes. The fact is that by 2027 (three years’ time) EV manufacturers in the UK and EU must sell 70% ZE (i.e. EV) vehicles or face heavy penalties. In the US 50% must be ZE by 2027. The demand for copper (and lithium) will increase substantially over the next three years at the same time as currently depressed prices are delaying investment in new mines. Even in the US despite their love of polluting the plant it is cheaper to produce green electricity than fossil fuel electricity and EVs will become cheaper to produce than IC cars, just look at the price of EVs in China. The problem is that by having a head in the sand policy in regards to oil and IC engine cars the US is just getting left behind.

The fire at Luton airport was not caused by an EV but by a diesel car and the new solid state batteries being developed will be a lot safer than a tank of petrol.

[thanksamillion] 18/1/2024 12:36

Irrational, but congrats, shows no-one knows what's going on.

[shortarm] 18/1/2024 12:36

It does happen occasionally, looks like your 2.1p sell went through in the other market and the 2.84p buy on the normal one. (AAU.GB)

[doinnuthing] 18/1/2024 12:32

Sorry to muddy the waters folks. But trading on this share is weird. I was just able to sell 300k and then immediately buy them back for a profit of £28 after dealing costs. Answers on a postcard. I do not look to trade but merely transfer some from outside an ISA to within the ISA without losing too much on the spread and dealing costs. First time ever made a profit doing it.
EDIT the Sale was on Aquis and purchase on AIM (EDIT :spotted also by Shortarm whilst I was editing!)

[shortarm] 18/1/2024 12:12

400K sold, no wonder we struggle for traction!One day soon hopefully, all the 2p shares will have been bought by the people wanting 6p or more for them!

[thanksamillion] 18/1/2024 09:37

V. nice 4.33k buy at 2.12 gone through.

[charles clore] 17/1/2024 21:17

Thanks shortarm I may take you up on that provided the Vostok isn't frozen over lol

[jaynesdad] 17/1/2024 19:49

I am hoping PoG doesnt drop to below $2k while sentiment is down on AAU

[claretandbluedave] 17/1/2024 19:01

Hi Shortarm, I was skiing at Hafjell at Christmas. Temp got down to -18

[charles clore] 17/1/2024 18:20

Shortarm - this mornings update could not be taken as bad news imho, as everything in the RNS had an air of predictability about it. I was actually thinking about topping up. Then I realised I am practically skint at the moment with a whopping great divorce settlement hanging over my head. So until the judge makes his decision I have to be a bit careful with my spending or I might not have a roof over my head and that wouldn't be good, would it? Haha

[bigglesbingham] 17/1/2024 18:18

What about KS stating the "best exploration results rns they have ever put out" in relation to HIZ and md of SSR watching very closely who members of the board are very close to. ??

[shortarm] 17/1/2024 18:15

Who was going skiing at Hafjell? When was that? Temperature?

[shortarm] 17/1/2024 18:14

Just that it's deep and nothing has really happened yet. They are amazing geologists but eventually they COULD be wrong?

[konil] 17/1/2024 17:46

shortarm, interested to know why you think hiz wont amount to much?

[shortarm] 17/1/2024 17:12

Ariana Resources – Update on FY gold production and progress at second mine Tavsan, BuyBy NIGEL SOMERVILLEAIM-listed gold producer in Turkey, Ariana Resources (AAU) updated the market this morning on gold production at its Kiziltepe plant and progress on construction of its second mine at Tavsan. The news was greeted initially by enthusiasm, but that waned later on with the stock up at 2.35p but later down to 2.1p.

[shortarm] 17/1/2024 17:11

I am rose tinted by anyones view lol but I am not expecting much from Hiz.All the other stuff will be good but my blue sky come from project leopard and Zimbabwe.

[shortarm] 17/1/2024 17:08

With experience comes grumpiness?

[bigglesbingham] 17/1/2024 16:57

Money will come from sale of HIz to SSR in my opinion . JV maintain salinbas to production. Tarsvan and kiziltepe will overlap for several years. WTR will also come good.

[charles clore] 17/1/2024 16:56

I thought the good humoured truce was too good to be true. Strange how a delay of 3 months due to cold weather affects the minds of so-called experienced mining investors...