Ariana Resources Share Discussion Threads

[soulsauce] 25/11/2019 16:38

No as Proccea are part of the deal.

[nov31] 25/11/2019 16:36

Could it still be proccea?

[5huu] 25/11/2019 16:32

Well, the one day I don't keep my eyes on the market and I get this pleasant surprise. Well done everyone. A well deserved re-rate looks to be well on the way. Any speculation anywhere about who the partner is?

[bigglesbingham] 25/11/2019 16:08

I'll settle for that up until signing I figure price will rise to 75% of the estimated value figure quoted so just under 4p by my reckoning and let's not forget the potential positive impact of tarsvan, drill results debt repayment, kizulkuck etc not a bad day all in all. Wouldn't be surprised if this bounces again tomorrow as news digested . Plus share-prophets and other press reports filter through .

[risa5] 25/11/2019 16:07

Ariana rockets as it inks MoU on partnership with major Turkish construction group
Under the agreement, Ariana will sell stakes in its Salinbas and Kiziltepe projects, bringing in US$55mln and US$8mln in equity to fund production

Ariana's projects are located in Turkey's 'Hot Gold Corridor'


Ariana Resources PLC (LON:AAU) shares rocketed on Monday after it agreed a potential partnership deal with a major Turkish construction firm for a number of its projects in the country.
The AIM-listed explorer said the proposed deal, outlined in a memorandum of understanding (MoU), will involve the sale of 17% of its Salinbas gold project for US$5mln.
READ: Ariana's flagship Kiziltepe mine enjoys a record quarter of gross income
The deal also proposes the sale of 53% of Zenit, Ariana’s joint venture (JV) with Turkish group Proccea which operates the Kiziltepe mine, for US$50mln to be split between the JV partners equally, as well as an US$8mln cash injection by the proposed partner to help bring the project into production.
Kerim Sener, Ariana’s managing director, said the partnership, if approved, “will create a formidable exploration, development and production group focused on Turkey”.
“This [MoU] will combine the unique skill-sets of each Partner in a mutually beneficial and synergistic manner. We look forward to advancing the proposed MoU into a joint venture capable of unlocking the full value of our assets in Turkey, which will also target the development of a future pipeline of high-value production projects.”
The company expects to secure binding agreements and shareholder approval for the partnership no later than February next year.
The news sent Ariana’s shares soaring 33.3% higher to 2.8p in early afternoon.

[soulsauce] 25/11/2019 15:38

tim000 I worked out about 4.9p per share but will take your 5.6p as I was valuing Zenit on current undervaluation.

[tim000] 25/11/2019 15:34

Fwiw, I calculate the transaction entails cash proceeds to AAU of about 2.2p per share (undiluted); while AAU's remaining shares in Zenit and Salinbas are implicitly valued at 1.6p and 1.8p per share respectively, a total of about 5.6p per share.

[mcmather] 25/11/2019 15:21

Arzu South drill results back within the week, 470m likely extension for Arzu North and grade control sampling from Derya also beginning this coming week - all from the video posted by carcosa. Life of Mine at Kiziltepe will be extended so might we now see the addition of a 2nd ball mill??

[ironstorm] 25/11/2019 15:03

Wowser just got back from some meetings. Was not expecting this!!!!

Lots more in this yet . . . .

[apfindley] 25/11/2019 14:54

Im invested too. Since they were on plusmarkets. I'm not questioning todays news, why are you being defensive. It's great news, I'm on about a sum for the complete set of assets.

[thanksamillion] 25/11/2019 14:52

Soul, I meant "changed hands" one buyer one seller = 15m,

I take the point that the really large trades have not appeared yet.

[soulsauce] 25/11/2019 14:49

Yes Mr Seller getting a brucie bonus today but once clear this should head over 3p.

[mirabeau] 25/11/2019 14:46

She hasn't ...the sellers have turned it around

1 v 2

ah well, never mind!

[charles clore] 25/11/2019 14:39

M - she's gone!

[mirabeau] 25/11/2019 14:37

3 v 1

she's gonna go

[mirabeau] 25/11/2019 14:37

2 v 2 (500k v 400k)

[someuwin] 25/11/2019 14:36

Highest volume for over two years. And will be a lot higher by close.

[mirabeau] 25/11/2019 14:36

I'm not a holder but enjoy L2

1 v 1

[mirabeau] 25/11/2019 14:35

Peel Hunt's bidding

[soulsauce] 25/11/2019 14:30

Thanksa over 15m shares that I can see.

[mad foetus] 25/11/2019 14:29

I've bought twice and thats not shown up

[charles clore] 25/11/2019 14:28

There's a lot more (big) trades not yet published today.