Ariana Resources Share Discussion Threads

[gaffer73] 22/1/2020 07:59

So is that their only debt?

[soulsauce] 22/1/2020 07:57

Plasybryn I said 'towards the marginal end' and before today's news and obviously before the big increase in gold

[soulsauce] 22/1/2020 07:55

Mad foetus the plan for Tasvan has been to build a basic processing plant and then transport the gold and silver to RR for completion.

[plasybryn] 22/1/2020 07:54

marginal soul sauce? I don't think so. It has an IRR of over 80%. How many can beat that and now there is obviously a lot more gold there than first thought? It looks a bit wow to me.I'm only a bit worried that we are planning to give so much of it away. I would prefer the new Agreement with the third party to be restricted to the Hot Gold Corridor, leaving Red Rabbit as it is - 50/50 with Proccea.

[mad foetus] 22/1/2020 07:49

Right, relative newbie here but this looks like a nice, low cost, open mineable resource. Does AAU have processing facilities nearby: I.e. can this be brought into production quickly or does it just add to resources? If it wasn't 7.50 I'd do the research myself!

[catsick] 22/1/2020 07:43

I would not call tasvan marginal with a cash cost of 630 usd an oz , these high grades at the surface are going to be very profitable indeed and seem to indicate that there is a lot more resource in the project, very good update indeed and should add a lot to the tasvan npv

[oilbuy] 22/1/2020 07:40

Looks like the board have an idea how the AIM market works. Releasing excellent news just after resistance has broken. Break 3p and 4p is clearly in sight when they announce the loan payment cleared. 5p a distinct possibility.

[soulsauce] 22/1/2020 07:39

Tavsan has always been towards the marginal end of our gold resources but this news today puts a different perspective on the project.

Another very good reason I think to try and improve that deal.

[shortarm] 22/1/2020 07:34

A very high percentage of the 33 mill is already paid off and there's piles of cash in the JV to be shared out!Kerim owes Biggles a pint I think?

[shortarm] 22/1/2020 07:30

Kerim seems to just trip over gold wherever he steps!No wonder the big Turkish construction company want him on board!I remember when they were digging access roads to Salinbas and accidentally dug into a gold seam lol!

[gaffer73] 22/1/2020 07:30

Morning all, nice update. This looks like a decent little gold miner, can anyone tell me if they have any other debt than the 33m loan due to be repaid in April?

[pranchalee] 22/1/2020 07:29

3p on the cards

[charles clore] 22/1/2020 07:28

Should be blue but the lemmings are still about so nothing is guaranteed.

[pauliewonder] 22/1/2020 07:23

Fantastic RNS. Blue day ahead

[charles clore] 22/1/2020 07:07

Excellent results at Tavsan well done to the company again for an excellent job.

[soulsauce] 22/1/2020 07:07

Very nice indeed.

[theduke420] 22/1/2020 07:06

Great news to wake up to :)

[thebradski007] 22/1/2020 07:04

Nice RNS out

[bigglesbingham] 21/1/2020 19:44

Fears of this new virus first found in states now ! Flight to safety with potential impact on consumer, transport and leisure.

[thanksamillion] 21/1/2020 19:11

Gold seems to be making a nice recovery from earlier today.

Is anyone else out there thinking that perhaps we are closer to the next "black swan" than we are to the last.

[bigglesbingham] 21/1/2020 18:05

Think we all bc agree that the shareprice has a long way to go albeit maybe not on amount .

[mick1909] 21/1/2020 16:54

True but as each year progresses and they explore and add to reserves and increase in profits bigger dividends would be on the cards and in a couple of years time so 2% on a 25p is 0.5p and your 18% yield at today's share price and a 9 bagger from here all speculation but look at aaz they went from 7p to now 140p

[bigglesbingham] 21/1/2020 16:33

It's worth sticking pension funds in it for the imminent capital growth !!