Ariana Resources Share Discussion Threads

[bigglesbingham] 09/12/2019 23:08

If this is the type of company they are getting in bed with I can understand their excitement. Not a clue about who they are getting into bed with but if they win government dam , road and infrastructure contracts they have to be big: Limak Construction has successfully completed over 100 projects, the total value of which exceed 10 billion dollars, ranging from airports to ports, dams to irrigation plants, expressways to hydroelectric power plants, industrial facilities to oil and natural gas pipelines, holiday villages to building complexes, and is included among the largest international construction companies of the world in the rankings of Engineering News Record Magazine. Just a bit of fun speculation and research.

[bigglesbingham] 09/12/2019 20:41

Some bought at a nice price today less than 2:20.

[charles clore] 09/12/2019 13:57

Panic over, price back to normal. biggles you are free to buy more if you wish.

[sonoftherock] 09/12/2019 11:48

They specify twinning of existing holes. Sounds more like a check on Ariana's work / modelling.

[plasybryn] 09/12/2019 10:44

The JORC Exploration Target is up to 2.7m ozs of gold and 16.1m ozs of silver which is in addition to the existing JORC Indicated and Inferred Resource of c. 1m oz gold. "And there is potential for further resource extensions to be delineated within high grade and steeply plunging breccia pipes which likely feed into the Salinbas Horizon"
Obviously Derinkoy North & Hizarliyayla are not even included in this as far as I know.
Hot Maden (Sandstorm) 8km south of Hizarliyayla has 9.2Mt for 3.87moz gold at 13 g/t.

[bigglesbingham] 09/12/2019 10:44

All positive stuff this soul

[soulsauce] 09/12/2019 10:39

Well whatever the reason it's good they are wanting to crack on.

Bigglesbingham can you hop on a plane to NE Turkey and see what's written on the hi-vis of those on the ground lol.

[charles clore] 09/12/2019 10:34

It's probably a random sample for confirmation drilling. All part of the dd audit imho.

p.s. - I see we still have a seller. I wonder how many they have left!

[mcmather] 09/12/2019 10:19

Dunno soul; they already have a study for 50k ozs a year. If they think they can increase the resource to 2.7m ozs in NE Turkey, might this be around re-thinking potential annual production? Pure speculation.

[soulsauce] 09/12/2019 10:08

mcmather I was wondering that, some high grade holes?

[mcmather] 09/12/2019 09:49

Interesting; wonder which part of NE Turkey, how many holes (3-4?) and what the reason is for doing so (seems too little to be specifically around potential resource increase)?

"Approximately 600m of Reverse Circulation ("RC") drilling"

[catsick] 09/12/2019 09:49

Maybe kayi ? The only clue we have is they are a bigger group with experience building hydro projects, for a large construction group looking to get into this growing sector partnership with some people who know what they are doing would seem pretty smart...

[inntolife] 09/12/2019 08:59

Does anyone on have any thoughts on who the JV partner might be ?

They seem to be doing things properly so hopefully might be a firm with gravitas.

[temujiin] 09/12/2019 08:54

I think this RNS confirms that the partner is very committed to the JV and assuming their DD is positive, which with AAU's attention to exploration and Proccea's expertise at the mine, seems most likely, I can see this MOU being legally binding in short order.

If you're thinking risk reward is positive with this JV, then now is the time to accumulate. I wont be as I already have a few million, but certainly have no intention to sell any atm.

[cbeadle] 09/12/2019 08:27

Good positive start to the week!

[soulsauce] 09/12/2019 07:19

3rd party keen to get on with things aided by good weather.

[gerrystewart] 09/12/2019 07:18

Dr. Doom,

paradoxically, I hope you are correct!! I'd like to get some more at the sort of prices you suggest.

[carcosa] 09/12/2019 07:13

Seems perfectly practical thing to do IMO. For the sake of a very cheap re-drilling exercise compared to the project cost its a no-brainer to do.

"let’s hope the results are the same." Or better. Although it is quite possible, I guess that the actual results will not be RNS'ed

[supercity] 09/12/2019 07:07

I understand due diligence is required but to re-examine the holes already drilled and check the results for yourself - seems a bit OTT, let's hope the results are the same.

[dearg doom] 08/12/2019 18:49

Replying to Gerrystewart.

The market showed bid/offer 2.2p/2.4p all day, Friday. On Friday, afternoon, very much like you, I was testing the market in both directions.

Given the real market price at that time was 2.2p/2.23p does normally suggest the bid price is the part, that is under pressure with low volume bid support.

Would not be too surprised to see bid/offer 2.1p/2.25p on Monday.

Do remember 500,000 shares is still small change for liquidity purposes. Not being able to sell more than 10,000 at 2p was terrible.

Thank you for sharing your experience. Hopefully, you are correct!

[bigglesbingham] 08/12/2019 17:45

Just had time to view the presentation , I found it to be an excellent summary of their current position and you can tell that kerim is extremely excited about the future. Even if the MOU doesn't go ahead the future is bright.

[bigglesbingham] 08/12/2019 17:39

I personally don't agree that all surplus cash be returned to shareholders. Some is via a special dividend but the bulk should be used to build the companies assets surely. The shareprice reduction is an interesting point because if the company paid all surplus cash $30m as a special dividend then the shareprice would become negative because the market cap is currently less than the cash they would receive. A point to take from this is how cheap AAU actually is based on their current situation.

[gerrystewart] 08/12/2019 17:35

Dr, Doom,

your experience on Friday was the exact opposite of mine. In mid-afternoon, I couldn't get a quote for 250,000 no matter how many times I tried and yet was given a quote on a sell of same amount (can't remember what it was primarily because I had no intention of selling). This may have been because of the 500,000 trade that went through around the same time.