Ariana Resources Share Discussion Threads

[bigglesbingham] 27/10/2019 13:08

From last years quarterly financial update in November 2018: The Company is currently targeting a minimum ten-year mine life, which will require the addition of a further 40,000 oz gold equivalent in reserves outside of the four main pits (Arzu South, Arzu North, Banu and Derya) that are currently scheduled to be mined. Management is confident that this can be achieved assuming the conversion of existing resources to reserves. These results should add at least 40000 ounces !!

[bigglesbingham] 25/10/2019 16:22

They believe them more than most the issue is no one sees what they say as their notes quote $1250 for price of gold because they are useless at marketing. They don't want to be seen as ramping and would rather be ultra conservative. Probably why Kerim likes them so much.

[charles clore] 25/10/2019 15:36

biggles - it's just a shame nobody believes PG!

[bigglesbingham] 25/10/2019 15:35

Nice summary I calculate $11500 for the quarter , not too shabby. If this was maintained from April next year at $500 cost $1500 gold $18 silver would give AAU ebitda of over $15m ! Not bad for $21m market cap company. No wonder Panmure Gordon target is 5p at $1500 gold .

[jaynesdad] 25/10/2019 14:10

Crossfire, fundamentals prevail indeed. The share price is currently strengthening as the situation on the Southern border eases (at least for now)and reduces its influence. We should see 2.2 - 2.3 relatively quickly I feel, which is where it was before the incursion - and the company background has if anything strengthened over the elapsed period with good production numbers, Deyra update, Cyprus prospects, tentative Tavsan timetable etc. In a couple of weeks I am sure the Q3 financials will look good, that has already been implied in Kerims recent interviews. Although I am still concerned about being over exposed to this company, it seems nicely underpinned and I am not losing kip.

[mcmather] 25/10/2019 13:59

Think so biggles; in auction; 2.10p?

Edit; nope, well not yet.

[crossfirecssf] 25/10/2019 13:43

As before, we’re on the cusp of the next breakout in gold. I reckon $1530 confirms, and if so brings with it a subsequent short to mid term target of $1650.

The bubbly’s been left in the freezer, and that only ever ends one way.

[crossfirecssf] 25/10/2019 13:25

Call it a wedge, or call it a ‘running flat’ correction, but in my opinion the chart looks far from awful, as one poster opined a couple weeks ago.

Nothing goes up in a straight line and the uptrend continues...as does the seemingly endless good news. Fundamentals will prevail 99% of the time.

[jaynesdad] 25/10/2019 13:00

Thanks for the info re Kizilcukur ore trial processing. Missed that somehow

[charles clore] 25/10/2019 12:57

Silver and gold doing well again today. Makes the AAU market cap look a bit silly.

[bigglesbingham] 25/10/2019 12:47

A tick up shortly me thinks

[bigglesbingham] 25/10/2019 12:46

They will bring it into the JV for a fee. Still negotiating I believe

[soulsauce] 25/10/2019 12:36

It was put back JD but can't remember the reason.

[jaynesdad] 25/10/2019 11:58

Have I missed mention of the trial processing of the stockpiled ore from Kizilcukur that was supposed to be trucked for processing at the Kizitepe plant 'later in the year'? Who owns the resulting production, AAU, the JV or AAU with a fee paid to the JV for the use of the plant resources?

[charles clore] 25/10/2019 08:31

JC - only the RNS released yesterday, no details so far. This is an extract:

“Our total resource with the account of areas within the flanks contours is about 15 Moz of PGM (mostly palladium) that we believe puts us in a completely different league of major palladium companies already in production stage."

[jc2706] 25/10/2019 08:17

Do you have a link CC?

[ekuuleus] 24/10/2019 23:51

Michael de Villiers
Chairman and Executive Director, Ariana Resources Plc

##

Chief Financial Officer
Company NameEurasia Mining Plc
Dates EmployedApr 2004 – Oct 2017
Employment Duration13 yrs 7 mos
LocationLondon, United Kingdom
I was a member of the team that set up financing and maintained the listing of the company on AIM and arranged further financing via the London Capital Market and other routes. I was also a member of the team who reorganised and restructuring the Group's gold and platinum exploration assets in South Africa, Cyprus and Russia.

[jaynesdad] 24/10/2019 20:34

Hence my previous comments about Investors Chronicle and the like

[plasybryn] 24/10/2019 19:18

You normally have to pay an annual contract fee which allows you to be interviewed as I understand it. The fact you like them is understandable but does it cause you to buy more shares. They are just comforting/reassuring to stale bull share holders. We want something that hits new investors, new audiences, where the Co. gets a return on its investment. Have you ever seen the share price go up after a Kerim interview. I can't recall one.

[jaynesdad] 24/10/2019 18:04

Is there evidence of the cost to AAU, if any, of the BRR and Proactive broadcasts? I didn't know that's how it worked. I personally value these interviews

[charles clore] 24/10/2019 16:32

JC - the 15m oz is the latest figure given by the company by virtue of upgrade in resource plus additional flanks licence area. Can't believe it's up ove 140% now and I'm floating in the clouds lol.

[plasybryn] 24/10/2019 15:54

Back over $1500 per oz

[jc2706] 24/10/2019 15:16

Interested to see where the 15m oz Palladium resource figure comes from for EUZ as I can only see 2m oz from the latest presentation. Can someone point me to it?

[plasybryn] 24/10/2019 13:30

Well done. I believe Michael de Villiers used to be a director of EUA

[soulsauce] 24/10/2019 12:40

Well done with Eua Charles and Kirbs.