Ariana Resources Share Discussion Threads

[dixi] 26/3/2024 20:17

Bigglesbingham - I hope they appreciate the confusion caused and choose to make some clarification. I have tried to read between the lines and reinterpret the wording, but it's all conjecture. The company needs to explain what they are trying to tell investors in an intelligible manner.

[bigglesbingham] 26/3/2024 19:14

The realise is excellent the problem is they haven't told us how much they are going to get out and when.

[bigglesbingham] 26/3/2024 19:13

I sent several emails direct to board members then sent the first paragraph from shareprophets confirming they are also confused. Said we need clarification asap.

[soulsauce] 26/3/2024 18:54

The author of the rns is either stupid or being purposefully opaque.
I think we can rule the first one out so what gives?
Why else would you keep on writing rns that need further information and examination.
Hopefully with what NS has wrote it will give the author pause for thought 🙄

[dixi] 26/3/2024 18:40

A short paragraph of the Shareprophets article is readable without subscribing. Basically he's as confused as we are!

[plasybryn] 26/3/2024 18:03

@ShareProphets EPIC code: AAUAriana Resources – Resource And Reserves Update Which Poses Me Questions, But Still A Buy

[shortarm] 26/3/2024 17:37

YJ have not responded to tell me the WH Ireland not is incorrect so I repeat:The Kiziltepe plant capacity is 400kt/yr to produce ~25koz gold equivalent. At Tavsan a recently completed 10,000m drill programme has increased confidence significantly in the Measured resource as Zenit moves to complete its mine planning schedule to produce ~30koz gold/yr.

[charles clore] 26/3/2024 17:12

I'm happy that the Managing Director is extremely pleased with todays news. What more could we ask for?

[plasybryn] 26/3/2024 16:56

From a Questor, Daily Telegraph article todayThe New York Stock Exchange’s Arca Gold Bugs index is trading no higher now than it did in November 2003, when the gold price was $390 an ounce.Gold mining executives are clearly paying attention to this disconnect, judging by the rash of deals, even if stock markets are not, and we are therefore happy to keep faith in both Egypt-focused Centamin (CEY) and Resolute Mining.Shanta Gold’s 2023 results are due on Thursday (March 28) and the shareholder vote on the deal takes place the week after, on Thursday, April 4.Questor says: Gold miners could be primed to shine."

[xow98] 26/3/2024 16:31

Clearly focussed on the right form of communication

Ariana Resources plc
@ArianaResources

Hot chocolate is clearly more important to the world than the supply of electricity...

[soulsauce] 26/3/2024 14:00

Quite right sharenotes. Some speculators are expecting a significant uplift to the silver price, not before time I'd say.

[bigglesbingham] 26/3/2024 13:32

Management can mean a multitude of things , am I happy with the operations and results of said operations absolutely. Am I happy with the ultra cautious nature of the RNS announcements absolutely not. If I had to chose one however I'd opt for operationally adept rather than marketing experts, however operational experts should appoint excellent marketing experts and this is where they let themself down again.

[sharenotes] 26/3/2024 13:31

On a more positive, speculative note, the gold/silver ratio from reserves (combined operations) is approximately 6.7. The current gold/silver spot price ratio is roughly 88. So, as it stands, the silver contribution is more than chump change. There is some persuasive ‘beach ball’ arguments suggesting that the gold/silver spot price ratio will be heading south – AAU may offer a silver play as well, although certainly off radar currently.

[soulsauce] 26/3/2024 13:28

Yes that would be my understanding bigglesbingham.

[bigglesbingham] 26/3/2024 13:27

My understanding is that they found so much more high grade a tarsvan that this is more suited to Kiz. Mining the ore doesn't appear to be limiting factor it's the throughput so I can see tarsvan operating at 30k plus trucking higher grade areas to Kiz . But more clarification required. Its hard but we can lose sight of 250k guaranteed over next ten years assuming plant works as Kiz has over last seven years. It's a great foundation but RNS is such a lost opportunity to sing from the rooftops.

[soulsauce] 26/3/2024 13:21

Oh hold on a minute Charles has done another 180 now he can see most are unhappy 🤪

[soulsauce] 26/3/2024 13:18

Plasybryn I think it is probably the increase in grade and gold price which now makes trucking the ore feasible to be worked through Kiz to make up for shortfall of dwindling ore from RR.
The question is, is the ore being sent to Kiz over and above the 30k oz to be processed at Tavsan and we will still process 30k oz there through heap leach or not?
We have so little info to go on at Tavsan afaiaa. How many heap leach pads, how much tonnage per heap leach, what is the length of process and %of gold taken?

[charles clore] 26/3/2024 13:17

I can only surmise the company doesn't want a higher share price and is confusing shareholders with the facts to try and lower morale. But they don't need to do that as they already have enough naysayers on here. I wouldn't be surprised to see a proposed options announcement at this year's AGM with a lower exercise price than expected. This RNS brings into question either the honesty or intelligence capability of the board, one of which appears lacking. Or is Kerim too focused on Australia to care much about the European assets?How about a podcast then, eh Kerim?

[shortarm] 26/3/2024 13:17

Yes, they are doing an amazing job opening two mines from scratch with more on the way.Their commutation skills are appalling lol, 55K Oz per year would see profit more than half MCAP- they should be shouting this from the treetops!

[xow98] 26/3/2024 13:14

Still happy with management ?

[dixi] 26/3/2024 13:00

This muddle happens with every AAU RNS, they must enjoy it!

[shortarm] 26/3/2024 12:59

I actually think Kiziltepe will be more as the satellite areas are high grade and the ore to be shipped from Tavsan will be high grade too.Yes, very poor RNS, this should have been a game changing RNS!!

[plasybryn] 26/3/2024 12:49

Biggles: as I said earlier this morning:-It is an appalling RNS in my opinion, or something significant has taken place to prove the original Feasibility Studies incorrect. We should be looking at 30,000 ozs p.a. for Tavsan plus perhaps a minimum of 10,000/15,0000 ozs for the run out of Kiziltepe".

[plasybryn] 26/3/2024 12:46

It also states clearly on the Website: - TAVSAN - PLANNED ANNUAL PRODUCTION:

30,000oz Au