Ariana Resources Share Discussion Threads

[d1g3y] 21/10/2019 11:34

Extending mine life to 10 years could well be the key for institutional investors.

[jaynesdad] 21/10/2019 11:32

Its a hard call. In some ways its nice that this is 'our secret'. The company doesn't need funds, if it did it would be be easier on the more senior markets, but then when we buy we don't pay stamp duty. As you say there is an aversion to AIM. I have a suspicion that most the AAU shareholders are posters either on here or LSE and have little additional financial resources that they haven't already committed. So I agree, we need new investors, hence my comment about the desirability of a piece in a magazine like Investors Chronicle. Just one such article could do it.

[ekuuleus] 21/10/2019 11:23

To be fare, the results today are a small improvement over last year but broadly inline. The share price has already doubled from last year.

It's good, but not going to make a wave on it's own.

[soulsauce] 21/10/2019 10:57

True Plasybryn. May be they should consider abandoning Aim.

[plasybryn] 21/10/2019 10:53

Agreed soulsauce. Lots of stale Bulls here. Need a new injection of new investors, big and small. For some reason the message isn't getting out there. But to be fair, lots of other Co's in the same boat as us. Doesn't seem to be a great deal of appetite for investing in AIM type stocks generally currently.

[soulsauce] 21/10/2019 10:49

The problem has been what it always has been. It's affected by PR interest only and there is no interest.
3 pieces of good news last week and excellent results this morning and there has been less than £2k of trade.
The result is you currently have little upside on great news and all the downside on bad news which stops people investing in itself.

Must change this somehow.

[ironstorm] 21/10/2019 10:43

I hadn’t quite appreciated the silver performance. Wonderful!

Come on Tavsan.

[jaynesdad] 21/10/2019 10:37

Charles, it will happen. Its just a matter of time, and is frustrating because recognition could still be some time, even years, off. Tavsan development and the prospect of a doubling of production will surely wake the market up if it hasn't happened before. Or a remarkable discovery at Salinbas/Ardala, putting flesh on the bones of the rather 'up in the air' feeling that we get in that area. Maybe a JV there for a substantial amount would kick start? I think there is a pent up momentum that once it starts will make these doldrums a bad memory. Frustrating it may be, but in fairness the company are beavering away slowly but surely making a controlled development across all prospects. We just all need patience (for a bit longer). Who knows one day we could even get bad news - I cant remember the last time we did!

[charles clore] 21/10/2019 10:21

I love the enthusiasm on this thread and those results are astounding. It wouldn't surprise me to see 27k oz production for the full year. It's a shame that it doesn't automatically translate into an increased share price but I'm sure that will come eventually. Just needs a kickstart from someone. I wonder if any independent brokers would be interested in promoting the story.

[jaynesdad] 21/10/2019 09:56

Good results as we smooth into the new pits. Lots of silver! Have to wait for financials but in the meantime we can have a pretty good guess. Given the amount of news in the last week, including todays, will we get an interview or will they wait until the financials this time next month? Nothing here disappoints me, except of course the share price reaction but then we are used to that. I'm afraid the buying to elevate the share price can't come from me even if I want to, you need to look elsewhere!

[8rad] 21/10/2019 09:22

With the silver it will be more like $1650 I think...very good figures which probably means bank debt could be cleared right now if they should wish.

[crossfirecssf] 21/10/2019 08:34

Under promise,... over perform. All day long. Suits me down to the ground.

Great results, just would have liked to hear the average au prize oz. Has to be closing in on $1500... :o)

[charles clore] 21/10/2019 08:09

Very pleased with today's figures

[soulsauce] 21/10/2019 07:31

Yes look very good.

[nov31] 21/10/2019 07:13

Nice! Can't knock these results. A share price of 2p looks increasingly like a bargain!

[temujiin] 21/10/2019 07:09

RNS - ''this quarter has resulted in one of the best revenues in the history of the operation.''

Q3 2019 PRELIMINARY PRODUCTION RESULTS

Ariana Resources plc ("Ariana" or "the Company"), the exploration and development company with gold mining operations in Turkey, is pleased to announce its preliminary production results for the quarter ended 30 September 2019 for the Kiziltepe Mine ("Kiziltepe" or "the Project"). Kiziltepe is part of the Red Rabbit Joint Venture ("JV") with Proccea Construction Co. and is 50% owned by Ariana through its shareholding in Zenit Madencilik San. ve Tic. A.S. ("Zenit").

Third Quarter Preliminary Production Results*:

-- Gold production for the quarter was 6,933 ounces (Q2 2019: 6,438 ounces), exceeding average annualised quarterly guidance by 11%.

-- Total ore processed for the quarter was 55,174 tonnes (Q2 2019: 48,132 tonnes) at an average head grade to the plant of 4.47 g/t gold.

-- Quarterly open pit ore mined was 47,933 tonnes, at an average mined grade of 4.95 g/t gold, and total material movement for the quarter was 1,068,404 tonnes.

-- Average metallurgical plant recovery of gold for the quarter remains high at 93.7%.
* All figures are given gross with respect to the JV.

Dr. Kerim Sener, Managing Director, commented:

"This third quarter continued to demonstrate the positive performance of the Kiziltepe mine and plant, including record mill throughput at over 55,000 tonnes. With gold production for the period just shy of 7,000 ounces, taking our total production for the year to 20,667 ounces, and a favourable gold price environment during the period, this quarter has resulted in one of the best revenues in the history of the operation.

"We remain fully on track to deliver against our guidance of 25,000 ounces of gold for the year, derived from the remaining production expected at the Arzu South pit. Meanwhile, mining activity has commenced at the Derya pit and we look forward to seeing the development of this part of our operation."

[shortarm] 21/10/2019 07:08

Excellent stuff!!!

[jaynesdad] 20/10/2019 19:43

The future value of AAU depends, for me, on whether you look short, medium or long. Short is a comfortable transition from Arzu South to Arzu North & Derya without significant drop in production/ hiccups, confirmation of repayment of the loan for Kiziltepe, sale of Kizilcukur into the JV and resource/reserve update at Kiziltepe. Medium term is the successful production at Tavsan, massively important as it doubles production. Long term is a roadmap for exploitation at Salinbas/Ardala. Throw into this heady mix institutional investment and press interest. The latter is the most important thing, I think, if we are going to get a proper valuation at this point. Its stretching out longer than I originally hoped, but I am hanging in here, maybe I will reappraise if Tavsan doesn't come in as hoped - I would be more than disappointed if Tavsan comes in and we are sitting at less than 5p per share - 5p gives a MC of c.50m, with Tavsan (loan repaid) we should have £25m net income p.a. - hardly an unrealistic valuation.

[plasybryn] 20/10/2019 17:02

Sounds like brilliant timing with SXX. Well done sir.

[plasybryn] 20/10/2019 17:00

Bottoms up to you too!

[plasybryn] 20/10/2019 16:58

All good stuff Charles. I want to see them increase the Resource & Reserve at Red Rabbit giving at least a 10 year mine life. Those two ticks plus ostensibly free of debt Q1 2020, will I hope be the last hurdles to bring in Institutional Investors. What else could they want? At that point, when the drill rigs are about to start again at Salinbas, Ariana has surely got to be a no brainer investment. Well it is now imo, but by then there isn't any more de-risking that is conceivable.

[desertjoe] 20/10/2019 16:55

JaynesDad - Tavsan seems a good choice to prioritize. However I feel folk were trying to equate Ariana with another "Hot Maden" and then found out that Salinbas development might be somewhat futuristic. I'm too well aware that I am seeing more wrinkles in my shaving mirror these days. It was the longevity of the project at Sirius (SXX)which decided me to sell my total stake therein and add to my AAU shareholding. (In the light of recent happenings, I am very glad I did. SXX really are into the fertilizer imho).

Iechydd da !, Plasybryn.

[plasybryn] 20/10/2019 16:22

Yes JD the Scoping Study for Tavsan had an amazing 80% IRR and payback of 1.1 years on $20m initial capital.And a NPV of $42m. Cash costs of $630/oz with production of c. 30000 ozs Au p.a.