Ariana Resources Share Discussion Threads

[bigglesbingham] 29/11/2019 19:46

Don't agree really the proposed deal states what a suitor things may be appropriate. This gives me a real insight into the value. I've alway thought 5p plus from April . Even the so called promoter PG (not a fan) said 5p at this gold price but don't push it coz they pride themselves on being conservative !!

[shortarm] 29/11/2019 18:33

Yeah, I'll accept a nice dinner too :-)

[swallowsflysouth] 29/11/2019 17:37

Biggles and Savidspringbank,I'm only a small holder, so i hope when it gets to 10p you are going to take me out to dinner !

[davidspringbank] 29/11/2019 16:53

It's amazing what you can do when your engine is firing on all four cylinders, instead of limping along on three. AAU has done an amazing job of discovering and producing precious metals on a shoestring budget. But when someone major comes along with the vision and assets and knowhow to propose a joint venture to amalgamate their engineering and construction expertise with AAU assets to form a premier metals exploration and production company in Turkey, they'd be daft not to consider the proposal. What was revealing to me is that Karim is happy and Panmure Gordon is happy. What's not to like?

In the time I have written this gold has gone up $10, from $1454 to $1464.

Charles, I know what it's like to be underwater. It happened to me after I recently bought 1.5 million AAU and the price fell down to 2p. It's only temporary, mate, don't worry.

[soulsauce] 29/11/2019 16:10

Longer than most would have cared to be invested I think bigglesbingham.

[dearg doom] 29/11/2019 16:10

The value assigned to the assets is only justified if the deal goes through. Any failure to proceed would knock sentiment and the price. A case of getting the deal done at this stage, for better or worse! Reminds of something else.

The upside to date, frankly disappointing. Yes, some upside or downside protection, comes initially on deal finally done early next year. At that point, we have a better idea of timescale, which I suspect is longer than the market will wish.

In the meantime, positive news from outside known joint ventures needed.

[bigglesbingham] 29/11/2019 15:54

Yep no problem with profit taking to be honest. I invest if I believe in something no matter what it is. As long as my research keeps giving me positive vibes I'll continue to invest. I believe in the management having spent considerable time in discussion they remind me of me in terms of their decision making . I do see this getting in excess of 10p and I think salinbas sale will do it. I know we will own 23.5% and people will say we shouldn't have give up so much so soon but I'd question how long it would have taken without a major backer.

[soulsauce] 29/11/2019 15:39

Strange bigglesbingham that we are getting where we need to be with the chance of dilution disappearing fast over the horizon and this is the time some call it a day. A profits a profit though I suppose.

[run12] 29/11/2019 15:37

I topped up with 465k earlier.
Looks like I timed that just right

[drh3] 29/11/2019 15:37

I was wondering when this would start to climb again

[bigglesbingham] 29/11/2019 15:30

Cheers and thanks for your reasoned arguments over years , not always agreed but always inspired questions

[soulsauce] 29/11/2019 15:26

You can't please all of the people all of the time bigglesbingham. Well done with your purchase.

[bigglesbingham] 29/11/2019 15:15

Looking forward to drill results and Cyprus update next week . There have been a few detractors from the news this week which is more than fine as it's been detailed in a sensible and rational manor unlike a few boards where the idiots post mainly Oiler's . But even if this deal doesn't go through it's clarified the value of the assets and justifies our participation .

[dearg doom] 29/11/2019 15:00

The video of Ariana presentation is expected to be shown next week on Proactive website along with other companies' presentations at the Mining Capital Conference.

[bigglesbingham] 29/11/2019 14:49

Yes hoping for rns next week but don't care about price this is worth 5p all day long

[plasybryn] 29/11/2019 14:35

Well done biggles. You have bitten the bullet. Was it easy to get the RNS sorted out? Perhaps you just had to inform Michael. I think the chart looks like we are back at the bottom of the upward channel ready to go up again very soon, although I'm no expert.
Drill news and Cyprus news could easily give it the kick start we need. Don't they say wouldn't want to be out over the weekend!

[bigglesbingham] 29/11/2019 14:06

This is such a steal at these prices I'm over 3% and just informed Micheal DV. Good luck all

[shortarm] 29/11/2019 13:37

November presentation on the website.

[mcmather] 29/11/2019 12:16

KIZILTEPE

140,000 au ozs proven & probable.

368,000 au ozs global resource.

15% representing 5km out of 34km of mapped veins.

(Shareholder call 2 September 2019)

[shortarm] 29/11/2019 11:46

The last figure I remember being quoted was 6% of the veins- that was some time ago though!

[plasybryn] 29/11/2019 10:33

They have to wait for the deal to be confirmed. An MofU isn't robust enough for them to be allowed to alter their valuation. So could be delayed till February!

[mcmather] 29/11/2019 10:26

The Kiziltepe target was 500,000oz prior to the recent finds, which included a potential extension to AN of 470m.

I think the 500k target (135,000 ozs more) will be achieved and quickly.

I just can't see the proposed (53% holding) partner being happy to mine that, say, over the next 16-18 yrs.

Can't recall the precise figure (20%?) but KS said in the bizarre conference call that they have only tested a limited amount of Kiziltepe.

If the deal goes ahead February, I expect to see an immediate proposal to ramp up production with a lot of the remainder of the prospect and wider region being drilled; could there be 1m ozs in the area and, if so, how many ozs per year would they then look to mine from that?

[charles clore] 29/11/2019 10:11

Last week I was nicely in profit here. However, I am in the unfortunate position of having added 1.3m when I heard the news of this MOU and now incredibly find myself sitting on an overall loss! I can only hope PG get their finger out and get a new note out asap.