Ariana Resources Share Discussion Threads

[jaf1948] 13/1/2020 10:19

Do we know which day this week to expect the results ?

[plasybryn] 13/1/2020 10:09

Well done - probably a great time to top up right before the results which based on higher gold & silver prices during the last quarter, should be tasty. Plus news hopefully that our CAPEX loan is 90% cleared.

[claretandbluedave] 13/1/2020 10:01

I've also topped up this morning, and also would prefer the deal to go through as I don't want to be here for 10 years waiting and waiting...

[mad foetus] 13/1/2020 09:44

Only 100,000, but by SB so probably turn up at 5.10

[bigglesbingham] 13/1/2020 09:09

How much your buy?

[mad foetus] 13/1/2020 08:09

This looks primed to go, I've topped up, trade not showing of course!

[kaos3] 12/1/2020 21:00

the minig trend goes from Turkey over Romania and Bulgaria into Serbia and then stops. It starts in Afganistan. Cyprus is in a good location only a little bit too south imho. They know it best anyway.

[thanksamillion] 12/1/2020 19:49

BB
Cyprus

I have had some concerns myself, mostly fear of the unknown, that is.. the company has just had a load of cash thrown at it (great).. and at first viewing the possibility they were a little eager to blow it - possibly on a management ego trip - not Ariana's style I know, but we are old enough to have seen that kind of thing to often in the past. Less committed/weak holders would probably prefer "sell the lot and just gimmi the cash" (possibly 8p/share), however I doubt if Kerims expertise would be part of the deal in that case so the buyer prefers the current deal. Having read through the RNS again I can now see why Ariana are so interested, exploration possibilities are one thing, however there seems to be a lot of interest in the existing waste.

From the RNS
"Historical production records demonstrate average recovery of gold to copper concentrates of 5.0 g/t Au despite no record of gold having been assayed from the drill core. Check sampling by Venus demonstrates significant gold in composite waste dump samples with an average grade of 0.8 g/t Au in the waste material. In the absence of drilling assay data for gold, this suggests that this grade may be considered as the minimum gold grade of the remaining resource, with the potential to boost the project economics. "

This looks like quick and easy pickings via reprocessing the waste, which is what is making the Cyprus move so interesting to me in the short/medium term.

[bigglesbingham] 12/1/2020 13:33

Why does Cyprus worry you?

[d1g3y] 11/1/2020 20:56

Thanks for the info plas

[desertjoe] 11/1/2020 19:15

Same here, Ironstorm. Cyprus worries me a little...but that might end up as a separate spin-off at a future date anyway.

[ironstorm] 10/1/2020 23:03

I am hoping this goes ahead. Great bringing forward of revenues / cash / profit.

If I had infinite time / money, then I would not want the deal to continue. But I don’t. I want the company y to start paying back shareholders sooner and in bigger numbers.

My timeframe is 5 years not 10 or 20.

Here’s hoping the deal goes through.

[bigglesbingham] 10/1/2020 19:13

The drilling results will be fine as they are done next to the existing holes. They are just checking that AAU haven't mislead anyone. If your invested here because of faith in management you wouldn't believe they would have misled the market . So drilling results are a given for me. I can't see this not going through. MDV certainly thinks it is by his recent restructuring of his shares in order yo make dividend payments more palatable d ted a wise.

[plasybryn] 10/1/2020 17:15

I can only assume that sellers today don't realise Q4 preliminary results are imminent and that our Capex debt is now c. 90% cleared, meaning Q1 loan repayments will be minimal increasing free cash flow considerably. As they say, wouldn't want to be out over the weekend!

[plasybryn] 10/1/2020 17:11

My understanding is that everything should be concluded by end of February, save the General Meeting for shareholder ratification.I believe the D.D. process will be completed by end of January, or thereabouts.

[erro] 10/1/2020 16:12

Does anyone know what the target date for completion is? Didn’t the proposed partner also do some dd drilling - those results will be key to the deal progressing. I would assume they should know these by now or pretty soon

[charles clore] 10/1/2020 15:57

Thanks for the heads up plas

[plasybryn] 10/1/2020 15:27

I understand from Michael de Villiers that all is on track to meet the target date and all going forward without any problems. As you say I would expect very encouraging numbers next week as well. A very exciting few months coming up. Stand by your beds.

[d1g3y] 10/1/2020 15:02

Looking forward to the Q4 and FY numbers wonder if they will give any comment on the MOU progress. Next week should be interesting

[crossfirecssf] 10/1/2020 07:20

Every $10 increase in the gold price = over $250k in sales... and we’re just getting into the next significant wave up in PMs...

Our moment grows ever closer. :o)

[bigglesbingham] 08/1/2020 23:42

Yep they are bored

[moneymaker2015] 08/1/2020 22:03

The spreads horrible here at the moment. I wanted to top-up this afternoon but was getting quoted near 2.6p to buy and to sell at 2.42. Hopefully we’ll get a bit of a drop in the buy price again before news drops.

[thanksamillion] 08/1/2020 18:17

Not that close? They share a border about 200ml from Salinbas, or have I missed something?

[plasybryn] 08/1/2020 16:44

Iran isn't that close to Turkey. Slowly slowly the Share price seems to be advancing nicely ahead of news next week perhaps?