Ariana Resources Share Discussion Threads

[soulsauce] 22/2/2024 10:21

Plasybryn 22431 spot on.

Shortarm, you was right he must have been playing golf or something yesterday.

[plasybryn] 22/2/2024 10:12

I don't know if this link will work, but look at this 2024 summary of actions/developments put out by Atlantic Lithium (ALL) yesterday. If only AAU could replicate this.

[plasybryn] 22/2/2024 10:07

So Biggles; are we saying as a minimum our valuation for just this one asset, ignoring everyone else and all those gold & silver reserves should be at least 5 times earnings given Life's of Mine etc. That would be £55m or 5p a share?
But the other assets must be worth perhaps another 5p on top.

Conservative fav packet. Tarsvan and kiz production 45000 x 1300 (dollars profit per oz) x .235 = £11 million pounds. Market cap £17 million.

[plasybryn] 22/2/2024 10:02

Why does everything seem to move forward at snails pace at Ariana? Goodness knows how much we have invested in our own laboratory over the years and salaries for how many "experts" (rock analysts) to avoid blockages, but still the time between drill samples, drill results and then a full JORC Resource/Reserve seems to take for ever - probably 12 months or more. It is just me thinking this?

[soulsauce] 22/2/2024 09:58

And I am sure it will be 18mths in the next update too Plasybryn. I remember the Apliki updates being along the same lines and we know how long it takes to get a licence to mine in Turkey.

[plasybryn] 22/2/2024 09:55

Personally, I would have liked to see this RNS expand on the info. contained in that Nov RNS. Namely, give us an update on "the detailed work to bring Kizilcukur into the Kilitepe Sector mining plan". That is how is the updated Kiziltepe Resource/Reserve coming along and when can we expect the extended Life of Mine information.

WORDS FROM RNS IN NOV. 2023
The Zenit team have commenced the detailed work to bring Kizilcukur into the Kiziltepe Sector mining plan.

"At this stage, we are confident that Kizilcukur will yield a small, high-grade resource capable of being converted to a reserve, which will augment the ongoing operations at Kiziltepe.

[plasybryn] 22/2/2024 09:46

The 18 month time issue was reported in 28th Nov, 2023 RNS out of interest.

The Zenit team have commenced the detailed work to bring Kizilcukur into the Kiziltepe Sector mining plan.

"At this stage, we are confident that Kizilcukur will yield a small, high-grade resource capable of being converted to a reserve, which will augment the ongoing operations at Kiziltepe. Metallurgically the ore performs very well with exceptionally high gold recovery, which is in part the result of nuggety free-gold. We expect Kizilcukur will be operated as a satellite mine to Kiziltepe within the next eighteen months."

[soulsauce] 22/2/2024 09:45

There you go, thanks zedder.

[zedder] 22/2/2024 09:45

I'm with Barclays and still haven't had any AAU shares as a result of my SVE holding. The GGP shares have been distributed though.

[soulsauce] 22/2/2024 09:45

AFAIK we are still not certain the SVE holders have their shares?

[shortarm] 22/2/2024 09:41

Kerim once said they have analysed it and news doesn't affect shareprice.Oh yes it does, it makes it go down lol, imagine if we had shot all our good news over this massive selling period!

[bigglesbingham] 22/2/2024 09:34

I hopefull with the sell being relatively small in size albeit a number of them that the SVE overhang is coming to an end. Obviously may be wishful thinking.

[bigglesbingham] 22/2/2024 09:32

I assumed 730 all in cost. 15000 kiz and 30000 tarsvan. Current gold 2030. Obs all can alter but don't think too far out. The message is certainly accurate.

[bigglesbingham] 22/2/2024 09:30

Conservative fav packet. Tarsvan and kiz production 45000 x 1300 (dollars profit per oz) x .235 = £11 million pounds. Market cap £17 million.

[jaynesdad] 22/2/2024 09:29

Plasbryn
In terms of cash flow? We don't really have a clear picture of likely future production at Kiziltepe. Obviously Tavsan is better known provided we allow for ramp up, but for both areas we don't have much guidance on costs in order to reach a net position. Hope I'm not misinterpreting your post.

[plasybryn] 22/2/2024 09:26

It would be helpful to know when all the Starvest shares have been released. Still suffering from this unfortunate and largely unexpected overhang creating an unreal situation.IMO

[plasybryn] 22/2/2024 09:02

Has anyone done the actual maths on two mines producing at steady state?

[thanksamillion] 22/2/2024 09:00

All I know is I bought 33k at 1.765 at 8:29.

[soulsauce] 22/2/2024 08:56

Nice results

[xow98] 22/2/2024 08:52

Level 2 was showing spread of 1.7 to 1.9 (now 1.65 to 1.75 after MREX and SCAP lowered), by definition anything under 1.8 was a sell.

[thanksamillion] 22/2/2024 08:36

That 34k trade is my BUY so most of the other sells are actually buys.

Buys outnumbering sells roughly 4/1.

[kaos3] 22/2/2024 07:54

I like the.paragraph about the lab. Hope they start selling services and earning revenue. Certification needed.

[bigglesbingham] 22/2/2024 07:53

This is the stand out for me: "Looking ahead, Zenit are currently working on a plan to mine and truck ore from the Zeki Vein at Kizilcukur for processing at Kiziltepe within the next 18 months, based on the current Measured part of the Mineral Resource. So that will start in the next 18 months. I was told be board that the mine would not be stopped and restarted. Therefore this implies production for a few years to come. Add this to tarsvan and this share price looks ludicrous on the above alone. Add into that all the other projects and fundamentals remain excellent.