Ariana Resources Share Discussion Threads

[charles clore] 12/3/2019 09:00

Paul - a point well made. I think 25k oz is realistically achievable and we should consider anything produced above that as a bonus.

[paul280i] 12/3/2019 08:56

As the plant is running to maximum capacity how could the guidance be at or above the last years production? I'm very happy with 25,000 oz and getting to to end of loan repayments.

[bigglesbingham] 12/3/2019 08:43

For me you have your opinion as we all do. However I believe your interpretation lacks business realism. If you as a salesman to set there next year target after an exceptional year with no hiccups whatsoever you wouldn't expect them to put their target at or above their last exceptional year would you? Know that if they failed to reach target it would affect their income. I'd expect an increase on last years target though. The case here is exactly the same if we set target at or above last year then then failed to meet it it would result in the shareprice being hammered! But I would expect them to increase the target they set last year - they have done that by 25%. Which is fair in my book and will require a good year to achieve. It purely running a business in a prudent way. That's my view anyway and other people will have theirs.

[charles clore] 12/3/2019 08:42

Makes you think doesnt it? A rerating on the cards here imho.

[catsick] 12/3/2019 08:29

With this guidance for 25k oz the jv is going to make cashflow from operations of 25m usd , even allowing corp costs of 2m gbp it is going to be very difficult for profit to be less than 6m gbp for 2019 , they have exploration assets to put in the jv at 3x so should be higher, the valuations here are just wrong .... I am up to 1.5pct of the company now, its amazing how little these shares have risen since 2015 when the company had no mine and 30pct of it was owned by beaufort and the death spiral finance company, all these shares have been dumped in the market and we now have a crazy cheap share with none of the good news we are now seeing priced in ....

[1candc] 12/3/2019 08:28

Thanks for the violins, but I take exception to you accusing the management of producing the figures in a 'misleading way'. The guidance is spelt out factually for all to see, there is no sneaky attempt to deceive anyone nor would I expect Kerim et al to engage in smoke and mirrors for some peculiar reason.

[carcosa] 12/3/2019 08:17

For those who are unable to debate but prefer to act like rabid dogs, I would like to remind some that I have been invested for over 3 years in AAU. If other investors think everything is 10% rosy a 100% all the time then so be it.

The moment you are unable to take a critical look at the information provided and/or researched and come up with your own opinion then the acronym DYOR means nothing to you and you are destined to always follow the crowd; something which is highly wealth shattering to your portfolio. Numerous examples can be chosen.

To be told to sell my shares (which by itself would temporarily reduce the share price over the short term) is the sort of statement typically seen from a johnny come lately speculator.

Nothing of what I have said regarding the RNS is factually incorrect is it? Also the RNS itself is factually correct. The difference is in the way it has been presented. In fact I also indicated it sets AAU up for beating their own guidance which really should be relatively easy given the ore, stockpiles, weather and grades.

But, for me, as a long term holder I would prefer to have a real explanation why AAU management are ignoring the last 12 months of fact and presenting the new target in a misleading way. For example, if there is planned extended maintenance work or some other factor other than a PR stunt.

At time of writing there has only been £2000 shares traded.. hardly a reflection of a wonderful RNS

I shall now retire to semi-lurling mode and await the trolls

[soulsauce] 12/3/2019 08:17

You got it Kirbs lol.

[kirbs4] 12/3/2019 08:11

Is it me or is comparing this years guidance to last years actual, when last years actual exceeded last years guidance a bit silly?

[1candc] 12/3/2019 08:05

carcosa - disappointed? Then you know what to do

[ironstorm] 12/3/2019 08:02

CC has it here. Great news.

And POG getting ready too.

Me and my 6m shares are happy.

[the deacon] 12/3/2019 07:58

I think that's a very bullish update. Very happy with today's guidance

[charles clore] 12/3/2019 07:56

This mornings guidance is excellent. Everyone knows Kerim understates and over delivers and I think this will be another one of those years.

[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.