Ariana Resources Share Discussion Threads

[plasybryn] 18/2/2024 13:23

The BRICS countries are planning to introduce this year a new trading currency, which will be backed by gold! ?????????? More and more countries recently express desire to join BRICS! ?

[konil] 18/2/2024 12:59

this comment from the latest rns is interesting...

"There are very few >1Moz gold projects globally with straightforward metallurgy, which are at a feasibility stage of development and have more than 95% of their JORC Mineral Resources in the Measured and Indicated categories."

timing unknown of course but dokwe and salinbas could be sale ready fortuitously coinciding with an upturn in the industry. further compounded by a run up in pog?

[konil] 18/2/2024 12:48

i reckon dokwe is big enough and early stage enough to attract a medium/large player. existing owners could make a sizeable gain with value add work (like completion of fs). on completion of due diligence aau will be looking to increase ownership beyond 2.1%.

it will be interesting to see what the story at dokwe is in 12 to 24 months.

[tim000] 18/2/2024 11:43

That business model was fine, and the half-billion aspiration possibly achievable, provided capital was plentiful and cheap, and Kerim’s geological expertise bore consistent results. Once capital dries up, no IPOs, no equity or bank finance for drilling, and everything slows down - dependent on cash flow from 23.5% profit shares of the 1/2 mines. The viable new business model imho is to buy and sell on assets as resources are proven up. But that still depends on cash rich majors willing to buy at fair values.

[jaynesdad] 18/2/2024 11:12

I liked that version of Ariana Plasbryn. Seemed more dynamic, kept us informed and seemed to have more direction, much more dynamism. Now we collect early stage projects.
I would have believed Seners aim of being a half billion MC company then, I just plain don't now.

[plasybryn] 18/2/2024 10:28

This was the sort of comprehensive updates we got on Kiziltepe pre production. This was June 2016!!

CONSTRUCTION UPDATE - KIZILTEPE

Ariana Resources plc ("Ariana" or "the Company"), the gold exploration and development company operating in Turkey, is pleased to provide an update on construction of the Kiziltepe Mine within the Red Rabbit Gold-Silver Project in Western Turkey ("Red Rabbit"). Kiziltepe is being advanced towards production through a 50:50 Joint Venture ("JV") with Proccea Construction Co. ("Proccea"). The project is on target for first production in late H2 2016.

Highlights:

Crushers and screens, fine-ore stockpile site and ball-mill construction is complete; conveyors being installed.

Process (CIL/CIC and ADR*) plant foundations and structural steel work installation is complete, and foundations for the chemical storage building is also complete.

Mine administration, accommodation and canteen facilities are fully operational, with 160 people currently employed on site.

Connection to grid-power completed with a total capacity of up to 5.5MW; telephone, internet and servers access fully connected to the mine site.

Open-pit access development by the mining contractors remains underway and stripping and storage of topsoil at Arzu South has been completed.

Access and pipeline route to the tailings dam area to be completed this week; Ministry of Environment and Urban Planning recently approved the tailings storage facility (TSF) in line with new legislation and construction of the TSF will be initiated imminently.
Dr. Kerim Sener, Managing Director, commented:

"Progress of construction at Kiziltepe remains on track, with 160 people now working on site of which 50 are employed from villages and towns in the vicinity. Major construction of much of the process plant is now nearing completion (Figure 1) and work is due to commence shortly on the tailings storage facility (TSF). Following the approval of our TSF project in line with new legislation by the Ministry of Environment and Urban Planning, the project is currently on schedule for commissioning during Q3 2016 and production in Q4 2016. Furthermore, our relationship with local government is excellent and we were pleased to host several government and law-enforcement representatives during a recent site visit. In addition, the JV company has ensured that local suppliers are preferentially used for material, equipment and services for construction, which has developed a strong sense of community ownership of the project."

[shortarm] 18/2/2024 07:41

Nope, bit early :-)

[xow98] 17/2/2024 18:44

On the sauce Shortarm?

[shortarm] 17/2/2024 18:05

Souls says he has FOMO with his 200k shares but then says there is no hope! Doom to all ye who enter here! Actually pretty glad my life is not so gloomy lol

[shortarm] 17/2/2024 18:01

Timmy, it is Turkey!Not London or Cheshire!

[soulsauce] 17/2/2024 16:32

Yes it is Charles and so is building plant, especially in the hills around Salinbas. So you have to make sure you have enough resource to sanction a feasibility to make it worthwhile spending $50m and upwards to build a mine.
Maybe when we have enough resource we can sell our share to Ozaltin 🤷‍a94;️
I don't think we intend to mine Salinbas. Given what else we have I think the cost to production would be too prohibitive to fund our share.

[charles clore] 17/2/2024 16:25

Doesn't anybody think it odd that AAU has spent years drilling out exploration targets like Swiss cheeses? An explorer could be doing that in order to prove up a resource beyond any doubt for the purpose of selling it. If they intended to mine it they would probably just prove it up and mine it piecemeal. I might be incorrect in this instance but my assessment is surely worthy of consideration. Drilling is an expensive operation. I would consider it highly unlikely that extensive and thorough drilling of a large target is being carried out without the intention of a potential sale.

[soulsauce] 17/2/2024 16:03

I am not sure it would be easy to monetise Salinbas/Ardala/Hizzy Plasybryn unless the partners would want to sell also but I am not sure Ozaltin would.
However I do agree that AAU could monetize something to fill some gaps.
It would be nice to see something move on Cyprus as currently the not so inconsequential amount of money we have spent there and loaned is looking like a waste at this moment.

[tim000] 17/2/2024 15:14

AAU can sell a share of its interests, but it can’t dictate when Newmont brings projects to monetisation. I don’t get the impression Kerim is interested in buying and selling 100% of its assets pre-revenue. I hope you’re right though, any signs of you being so and I’ll jump on the share register with a sizeable holding. At the moment though it’s all smoke and mirrors.

[plasybryn] 17/2/2024 14:56

It is not necessarily about going the whole hog to production. Assets can be monetised long before that as shown in the Mariana Resources example. Salinbas/Ardale, Hizzy are all well advanced in drill Resource terms and the money is there to take them to Feasibility stage if felt appropriate. The size of our backers like Ozaltin and Newmont should not be underestimated in terms of providing capital security, quite apart from our growing free cash flow. So i don't agree with that pessimistic view.

[soulsauce] 17/2/2024 14:38

You paint a glum but pretty fair picture tim000.
And no he is no rush and never has been.

[tim000] 17/2/2024 14:33

I was once an investor in AAU and still monitor it closely. I’m trying to assess the fundamentals of the business, and whether they justify me investing again at such a depressed price. Capital markets are pretty much closed for companies like AAU, and likely to remain so for the foreseeable future. It might be different if AAU mined a green commodity, but ESG is not working in its favour. It is now very much a minority shareholder in all future projects, and even if it takes majority ownership it can’t self-finance new mines as it has in the past. Only a tiny proportion of global mining exploration projects ever reach monetisation, and many suffer overwhelming teething problems, eg HZM which destroy shareholder value. Kerim obviously has a very good track record, but the world has changed completely against him now. I’m not sure there is any ground for optimism that any new mine after Tavsan is likely in the next decade, maybe longer still depending on the whims of its majority partner. The large number of projects Kerim has assembled may turn out to be all liabilities, without access to capital. On balance, I still prefer less capital intensive companies to invest in - cheap share prices are hardly rare! Lastly, I don’t think marketing is the problem, it never offers a long-term fix. If Kerim could actually raise capital to finance a near-term new mine after Tavsan, that would be a real game changer. But I don’t think he’s in any rush, is he?

[backmarker] 17/2/2024 14:14

Updata's last comment on Gold was a bearish short term target of 1979, though the target timescale has now passed and has probably been accounted for by the recent1985 low.
All other targets are bullish: Medium term the 2394 by end March; Long term 2593 by end June, and 3673 by Dec 26.

[jaynesdad] 17/2/2024 11:00

I am pleased that after a rather turbulent week PoG has ticked back over $2k. I am not an experienced chartist but the Gold chart over 6 months and 1, 2, 3 ,5 and 10 years looks persuasive.

[charles clore] 16/2/2024 17:13

It looks like rats leaving a sinking ship. Ironically it isn't sinking and the rats are leaving one of the few safe havens left in this troubled space.

[backmarker] 16/2/2024 16:55

I bought a few at 1.68 this afternoon. The share price just seems too low.

Hope I won't regret it.

[shortarm] 16/2/2024 13:33

Why do 'we' think Starvest holders will dump?