Ariana Resources Share Discussion Threads

[shortarm] 12/3/2019 07:53

Then sell and go be happy elsewhere?Disappointed - my ass!

[soulsauce] 12/3/2019 07:51

They haven't said production is going to be less than last year. This is guidance do you get it? And there is every chance they may beat it again.

And they have given explanations with push backs if you read the RNS fully.

[carcosa] 12/3/2019 07:48

Well it's bound to be a record year because they have only just started to get into their stride. Last year was the first full 'proper' year.

No, sorry, this RNS was disingenuous to say the least. If they wanted to be transparent they could have explained why gold production is less than last years actual instead of trying to fool everyone there is a 25% increase. So yes, disappointed.

[soulsauce] 12/3/2019 07:47

Exactly bigglesbingham.

[bigglesbingham] 12/3/2019 07:42

Last year was a record year only an idiot would put guidance on par with a record. It up 25% from feasibility guidance on which capital was raised. How can that be disappointing?

[soulsauce] 12/3/2019 07:41

Carcosa would you rather have them said 30k oz and then fall short?

Disappointed really!!

[carcosa] 12/3/2019 07:36

So Gold production planned to be down by 12% compared to 2018 actual performance (27.1k). Disappointing.

I guess it gives them a relatively easy target to beat.

[soulsauce] 12/3/2019 07:23

Very good guidance update for RR. 25% increase with costs expected to remain in the lowest quartile.

May be this will get us through 2p. It ought to.

[someuwin] 12/3/2019 07:14

Dr. Kerim Sener, Managing Director, commented:

"Following the quarterly operational update, as announced on 22 February 2019, in which we confirmed the full year 2018 Kiziltepe production figures, we are very pleased to report our production guidance for 2019. Advancing on the Company's positive finish to 2018, the Kiziltepe mine continued to perform exceptionally well, despite a very wet winter period during Q4 2018 and into Q1 2019, and we look forward to building on this strong operational track-record. Notably, our gold production guidance for the JV is up 25% from last year's guidance, and is estimated at circa 25,000 oz for the year, reflecting a further increase in expected grades as we mine deeper into the Arzu South pit and the maintenance of high monthly mill throughputs. Although ore output from Arzu South will be variable through the year due to the pushbacks required to accommodate the final stage of mining, current stockpiles are expected to provide for any shortfalls in output such that mill throughput can be maintained at the highest levels through the year.

"As a low-cost open pit operator, ranked in the lowest quartile of cash costs globally, the JV continues to target increases in production and life of mine. We are pleased to note that our plans for advancing production from some of our satellite pits are at an advanced stage and we look forward to commencing work in these areas towards the end of this year. Meanwhile repayments of the JV loan to Turkiye Finans Katilim Bankasi A.S. are over half completed, with the balance largely being paid down by the end 2019."

[jaynesdad] 11/3/2019 22:26

I think the BOD have to be careful, surely anything price sensitive should be in an RNS rather than any other media? When was the tweet removed, recently?

[swallowsflysouth] 11/3/2019 21:38

Thank you Biggles, I know the original directors of MARL appeared to be well thought of in the mining world and i guess it makes sense to give for a royalty(if successful) the licences to the folk that know them best. Just curious into the details of how some licences were acquired in general in the different countries.

JD, I think that AAU have already made one slip up by Kerim where the twitter was removed from their twitter account. It was a seriously excited Kerim on what they had found and from then onwards any talk of further dilution disappeared. It simple really either we trust and believe in management having got it right now or we don't. I assume that everyone invested here believes in management as most of it still has to be proved. I think they are super careful of what they now say.

[jaynesdad] 11/3/2019 20:24

SFS
I have taken some reassurance from a similar assumption - Zack, while not a junior member of the team, has nevertheless only recently being given chance to present to the media. There is no way in my view that he was given free reign to comment off the cuff as he pleased - I have noted before that you get the odd 'hints' dropped into AAU presentations and I believe that Zacks presentation was an approved script.

[bigglesbingham] 11/3/2019 19:16

There are some excellent videos on sandstorm with directors explaining how they watched marl etc. I can't recall links but google and shouldn't be too hard to find

[swallowsflysouth] 11/3/2019 17:23

New Dimension Resources is the company that Sandstorm gave/sold the licences held by Marl in South America which they inherited along with their purchase of Hot Maden. According to Sandstorm website Marl is a subsidiary company of Sandstorm. Several of the directors of New Dimensions Resources were directors of Marl. See following for directors details.

hxxps://www.newdimensionresources.com/corporate/officers-directors/

Does anyone know if these licences were sold or given to New Dimension Resources ? Just my enquiring nature would like to know, no real inportance i guess.

As Sandstorm is adjacent to Salinbas and holds a interest in Tavsan would just like to know more about them. How various licences are acquired has always been of interest to me.

Any help appreciated

[shortarm] 11/3/2019 13:20

Pop de ping due?

[swallowsflysouth] 11/3/2019 12:27

I have just re-visited the video regarding Kizilcukur update by Zack Van Coller and it is my belief that he is reading from a script therefore the 1m management target is not a off the cuff remark. The grades there have been higher than expected which has probably caused the major upgrade in management target.

[bigglesbingham] 11/3/2019 11:55

No apart from holding comments like making progress. Sure Kerim helping Turkish convention last week will help. The 2000 m salinbas drilling doesn't need permits so even without we should have much better ideas of potential come May/June when results out

[red imp] 11/3/2019 11:45

Hi Biggles

With reference to the notes you kindly posted on this thread following your site visit last year, the only possible area of concern was lack of progress for permits at Salinbas. Do you have any idea whether this issue has been resolved yet?

[bigglesbingham] 11/3/2019 11:15

Hi Charles I was very specific at the site visit on asking questions around the terrain because every picture showed mountainous region. The my said there roads being built and a relatively flat area which they highlighted for the mine. Please remember however Mariana sold 30% hot maden and sandstorm have to relocate and village and redirect a river !!! So if there's decent gold there then they will find a way to extract it.

[jaynesdad] 10/3/2019 18:23

Well the share price is truly bizarre then!
Haven't heard from Dic on the board recently.
Hope all is well

[bigglesbingham] 10/3/2019 17:05

No just kiziltepe and satellite pits

[jaynesdad] 10/3/2019 14:19

Should hope so Kirbs, 5p would give us an MC of about £50m. 4m ounces of gold is approximately £4 billion! And I thought I was being conservative!

[jaynesdad] 10/3/2019 14:09

Ok. That would indeed be nice but seems a leap - makes my back of the envelope calc woefully inadequate and pessimistic! Caymans here we come....

[soulsauce] 10/3/2019 13:44

No not Tavsan JaynesDad Imo.

[kirbs4] 10/3/2019 13:40

Without going into massive detail, my expectation here is based on solely the known this would re rate to around 3 or 4p should PM sentiment re rate. We are arguably undervalued based on standard framework numbers but we are far from the only PM stock in that situation.My feeling is that Salinbas is the game changer. Sky is the limit there but a conservative 4m there should be enough to move this to 5 or 6p based on current sentiment.