Ariana Resources Share Discussion Threads

[shortarm] 14/8/2019 15:10

Another smackdown on a paltry amount of shares!Maybe an Ariana purchase if their own shares isn't such a bad idea?

[goldenshare888] 14/8/2019 12:23

The question is: will this Turkey put on any fat for Christmas?

:-!

[charles clore] 14/8/2019 11:44

Plas - no miner wants another Esquel on their hands. They foster community relations very seriously nowadays.

[jaynesdad] 14/8/2019 11:35

Exactly Plasbryn, hence the cheeky top up. I nearly deferred for a few days in case the financial Q2 result disappoints the market - I am expecting gross income around $9.5m or maybe a bit less, compared to in excess $10m in the last few quarters. I am usually wrong, hopefully am this time but we'll see

[plasybryn] 14/8/2019 11:00

Charles 159911 is spot on regarding the technical and environmental aspects. Unfortunately this is a politically lead demonstration, but in a Region far away from our operations.
Ariana is very well supported locally and has invested much to build that confidence from the Mayor downwards. It provides great support to the local community and many are employed of course. We also have the significant benefit of having a J.V. with a Turkish Co. The name Ariana is not really known locally. It is Zenit & Proccea. Storm in a tea cup, but a buying opportunity for those wanting to buy.

[jaynesdad] 14/8/2019 10:45

Charles, no was just an observation on mcmathers post about heap leaching only being a concern in the NE. The deposits at Tavsan are poor grades, low strip ratio near surface deposits. Its only financially viable using a heap leaching process. If I was concerned I wouldn't have bought 250k at 9.36 this morning!

[charles clore] 14/8/2019 10:32

JD - so are you suddenly concerned about Tasvan or have you always been worried about it? Nothing has changed. The NGOs have been active for decades. They will block roads, rally, shout, protest about possible environmental damage and try to disrupt progress. But they rarely gain traction and I certainly don't think a professionally run company like this one would give them any ammunition.

[jc2706] 14/8/2019 10:26

It's hardly an unusual process. The right way to ensure limited environmental impact is to enact and enforce the appropriate legislation.

[jaynesdad] 14/8/2019 10:14

Agreed mcmather, and Salinbas is a decade away from production possibly. However of more immediate concern is Tavsan where heap leaching is planned

[shortarm] 14/8/2019 09:32

Opportunist traders trying to make another 28.50 to pay today's bills......

[soulsauce] 14/8/2019 09:26

Well it looks like the piece has spooked a few and as we know it doesn't take much to get marked down.

[soulsauce] 14/8/2019 09:01

Now where is all that news :-/

[soulsauce] 14/8/2019 09:01

Unfortunately many aspects of gold mining can be very intrusive and not environmentally friendly, along with many other types of mining of course.
I guess things like this are something companies are going to have to get used to and take in to account before spending oodles of cash on exploration.

That said Turkey needs gold and I doubt Erdogan will tolerate too much protest in the face of the country's needs, and if large gold projects are stymied that will only force the gold price up further.

[mcmather] 14/8/2019 00:44

Might possibly be of some relevance for Salinbas in due course re its size but can't see it effecting the Kiziltepez operation; which doesn't use heap leaching either.

Slightly strange bit is the tweet that they have used in the piece (itself posted 7 August 2019) - posted over a week ago now - has only had 25 likes since it was posted;

[space_dust] 13/8/2019 23:47

This seems quite serious for gold mining in Turkey!

[charles clore] 13/8/2019 18:18

always - these days it doesn't take long to bounce back!

[alwaysevolving] 13/8/2019 16:04

Gold taken a hit probably due to announcement this afternoon that Trump is delaying the latest China tariffs.

That being said it’s rebounding as I type.

[soulsauce] 13/8/2019 15:55

Neither will the PMs smackdown. We are playing those games again are we hmmmmm.

[mcmather] 13/8/2019 14:08

Aye, though those 420k sells won't help any momentum!

[bigglesbingham] 13/8/2019 13:55

Misread your post you knew they were buys but mms still playing around

[mcmather] 13/8/2019 13:50

I think there were nearly 1m sells yesterday. Quite a few gone through today at 2.22p, hopefully, next buy might see a tick up, though an interesting RNS (tomorrow?) should defo do the job.

[charles clore] 13/8/2019 13:35

dixi - imho it IS on its knees for no other reason I can think of than it is on the small side, poorly promoted and hence under the radar and unloved. But everything it does is better than textbook imho. I feel it can only be a matter of time before the kraken is released.