Ariana Resources Share Discussion Threads

[bigglesbingham] 02/11/2019 09:04

They have six their intention it to pay a dividend. The first step is an accountancy issue to remove certain obstacles to facilitate the future doc payment. MDV and Kerim have stated they are looking at doing this and I've no cause to doubt them.

[mick1909] 01/11/2019 20:45

Mash like the projected figures which I would say is being conservative on the silver and gold could reach over $2000 plenty rise left in the share price do you think they will pay a dividend eventually?

[swallowsflysouth] 01/11/2019 18:50

DJ, cannot remember, to long ago. Was near a horseshoe shaped sandy bay which had a sole large hotel where we were staying. The bay was surrounded by mountains, i remember a amazing storm where the lightning was bouncing from one mountain top to another, the rain so heavy it was difficult to breathe if outside.

[the deacon] 01/11/2019 18:48

Ash, thanks for the link on LSE. Makes very interesting reading.

[desertjoe] 01/11/2019 17:58

Swallows - That casino wouldn't have been in the Maestral by any chance? I was there in '77 (two years before the dreadful earthquake which wrecked Old Budva).

Casinos are prevalent in Nevada (as well as other things we won't talk about!). There are even slot machines in Las Vegas airport and in our village grocery too. We have a saying here that "casinos weren't built for winners". Nevertheless, with care you can have a little fun, enjoy chatting with visitors from all over the world and take advantage of better value meals than in "tourist traps" and of course have your fill of complimentary free drinks while you are playing your favorite slots...or roulette!

Hopefully AAU has today got over that dip so Ya'all have a Great Weekend. Regards DJ.

[m20ash] 01/11/2019 16:57

Hi Mick, if you or anyone else are interested, I have posted a link on the LSE board in the last 24 hours to my updated projections, together with the rationale behind the numbers. The updated version incorporates the interim results together with the Q3 production numbers with estimates for Q4 and H2 costs giving a projected JV profit for the year of c. £12m - £6m to Ariana. The forecast also projects forward through to 2025, incorporating Tavsan with profit forecasts, cash forecasts and potential impact on the share price Obviously, much of this is speculative based on the future POG and production numbers together with timelines for Tavsan, but it is a working document and will continue to be revised over time as information becomes available.
Format is in excel, but can be downloaded or edited in your browser, if you want to play around with the numbers.
If anyone has any questions, please just ask.
Cheers, Ash

[pauliewonder] 01/11/2019 16:24

Picked some up for my SIPP.

[bigglesbingham] 01/11/2019 16:18

Increase in silver production and the increase in gold price compared to the previous quarter, I may be slightly out but there or thereabouts

[pauliewonder] 01/11/2019 15:59

Thanks very much JD.

[jaynesdad] 01/11/2019 15:49

Hi Pauiie, hope Biggles wont mind me butting in to answer you. I think he is referring to revenue collected by the JV in Q3. We know the production figures in Q3 as they were published last week. Taking an approximate average price of AU and AG over the period 1/7 to 30/09 (the metal is sold as soon as produced so an average will be obtained) you get around the figure he quotes

[swallowsflysouth] 01/11/2019 15:45

Plas, yes i think 40p is feasible, not for a while however. Long haul still ahead.

[pauliewonder] 01/11/2019 15:31

What makes you say 11.5m. Is it an estimate given the increase in production and increasing price of gold? That would be a big leap.

[jaynesdad] 01/11/2019 15:26

Although not supported by many buys its good to see some decent positive price movement. Just a thought but could this be from EUA shareholders cashing part of their holdings and reinvesting, in which case there could be more to come?

[bigglesbingham] 01/11/2019 15:12

Anything to want know either ask or inbox me. I do own 3% of the company so I try and make sure I know as much as I can. Thought you should know as when you are cleaning information you need to know the vested interest of your sources. One thing I would say is the this board is very informed and we do have dialog with Kerim and Michael. If you look at comment on this board and rnss from last September you will find all info you need. Good luck .

[jaynesdad] 01/11/2019 14:29

That's it. I am honestly, truly, definitely not buying any more. Probably

[shortarm] 01/11/2019 14:24

Sounds excellent! Well, the heels bit anyway lol

[mick1909] 01/11/2019 14:12

Thanks for the info Steve just looking at new investments as like to look at everything from charts to fundamentals and this looks promising a slow burner as you say not on many peoples radars and you get that with some shares which are good this has the making like aaz I bought at 8p just over 3 years ago sold out way to early now trading around the 140p mark and paying dividends

[shortarm] 01/11/2019 14:03

One million is a nice bite for someone!New investor...?

[bigglesbingham] 01/11/2019 13:16

They have 51% joint venture, the cost of production is sub $500 (slightly different definition). Quarterly financials out week after next the JV will show around $11.5m! They produce a lot of silver too. This is their producing mine. Capital loan paid off April. They also have significant exploration prospects. Tarsvan should be producing in 2years additional 50k ozs to JV. Salinbas is their wholly owned expo project NE turkey. Already proven 1million ozs. Looking at doc policy but I'd expect 18 months. High director share ownership mainly bought through markets. I've visited mine it's an superb example of engineering as exemplified by results. This company is not great at marketing the message. As far as we can see there are no major issues and many on this board see multibagger. Panmure gordon only have buy rating on one miner and that's Ariana. They have target price 5p at gold $1500. Feel free to ask any questions cheers steve

[highly geared] 01/11/2019 13:14

Yes 12,500OZ net to AAU.

[mick1909] 01/11/2019 12:52

Do they only get 50% of the 25,000 oz??

[mick1909] 01/11/2019 12:51

So this company produces 25,000 oz gold per annum at a 500$ all sustaining cost? And has a £20M mcap?

[bigglesbingham] 01/11/2019 12:39

I have a feeling with the build up of bees that some buying is inevitable