Ariana Resources Share Discussion Threads

[mcmather] 23/1/2020 10:31

No trades so far today on nex:

[shortarm] 23/1/2020 10:07

Plenty of buys but a little dip on the ask..... Why's that then?Where can we see the sets(or whatever they're called) trades?

[haut brion 58] 22/1/2020 23:05

The proposed deal with our unknown conglomerate, or is it a takeover, might encourage a few ii’s to invest, possibly even some Turkish ones.

[bigglesbingham] 22/1/2020 23:04

My preference is still for MOU to accelerate growth assuming Kerim doesn't use the cash to find another gem. But if it didn't go ahead I wouldn't be too upset either which is a very good position to be in.

[m20ash] 22/1/2020 22:14

Hi temujiin, spot on in my view.
Cheers, Ash

[soulsauce] 22/1/2020 22:14

Gold remaining stubbornly strong.

If all the excellent gold explo news does not secure a reappraisal of the deal then a gold price $100 higher than at the start of the process just might.

[temujiin] 22/1/2020 18:04

'Sorry, not tempted'
=============

I was tempted to 'trade a few' as I expected it to drop back a bit, but then remembered I did that with 200k back at 1.55p, and never bought them back :(

Excellent result and grades, and I agree with Biggles that this makes the JV even more likely a formality.... but half of me wouldn't mind the JV being pulled on current terms as I see more value to shareholders, albeit, over a longer term with just Proccea as partners.

A JV on Salinbas alone would be my preferred choice, but keep RR and Tasvan between us and Proccea.

Either way imo, AAU are undervalued either with, or without the JV.

[nov31] 22/1/2020 16:39

Still much more to come here. Sorry, not tempted.

[soulsauce] 22/1/2020 16:17

Thanksamillion that is because it is still very much a PI stock and there is just tinkering around the edges with existing holders and the odd newbie coming on board.
Still starved of that all important institution.

[bigglesbingham] 22/1/2020 13:27

I have to agree with you

[thanksamillion] 22/1/2020 13:20

So far today buy plus sells at around 7.5m or c. £200k, absolute peanuts, this hasn't even started yet.

[bigglesbingham] 22/1/2020 13:17

I said 4-5p by Easter if MOU agreed then 6 p once dividend policy and initial dividend agreed. Plenty of positive news between now and then. At Easter full drilling a salinbas should be close then who knows with large backing

[mcmather] 22/1/2020 13:00

Updates from just the last 3 months.

22 January 2020: HIGH-GRADE ZONES IDENTIFIED AT TAVSAN;

17 December 219; "These drilling results demonstrate the continuity of the Arzu South mineralised structure at depth which may form the basis for establishing an underground mineral resource";

18 November 2019: "The drilling results from Arzu North demonstrate that the vein system contains significant opportunities to identify further mineralised parallel structures which sit outside of the zones modelled to date";

17 October 2019: "The latest drilling results from the Derya area continue to reinforce the continuity of mineralisation at depth and to the east along strike of the currently open-pittable reserve.....It is also apparent that the area between Derya and Arzu North contains several other gold-silver mineralised veins, some showing potential to be economic";

[catsick] 22/1/2020 12:56

Interesting to read this report in conjunction with the sep 2019 report on Tasvan, they have moved this on nicely...

[shortarm] 22/1/2020 12:49

4.5p by Easter? Next prediction?

[shortarm] 22/1/2020 12:46

Yeah, excellent prediction.Just gets better and better here.....

[bigglesbingham] 22/1/2020 11:45

Another tick up to 2.9 shortly

[gaffer73] 22/1/2020 10:32

Thanks, looks good long term.

[mad foetus] 22/1/2020 10:31

It may be nothing but for the first time in my experience HL cant sell me 200k shares

[bigglesbingham] 22/1/2020 10:27

Well you've picked a good time good luck

[bigglesbingham] 22/1/2020 10:23

Way to look at news like this is that the exchange of hands at these share prices underpins the value of the share itself and create a base. AAU has produced excellent drilling results really without exception from the day I started investing 6 yrs ago, and each time it reacts the same way. I reconcile myself with the fact that more people have invested at higher price and are therefore going to be reluctant to sell at lower price hence creating stability and less volatility to the downside. However if MOU goes to JV I see an uplift of 25-40% then another uplift on declaration of dividend and capital debt repayment however remember working capital debt of $6m which is normal.

[gaffer73] 22/1/2020 10:23

Thanks guys. I've dipped in for a few as I see gold moving up further and I don't have any 'goldies' anymore.

[plasybryn] 22/1/2020 10:17

Gaffer: As Thanksamillion says they have a smallish working capital facility which you would expect any business to have of course. It is again on Turkish Shira loan terms. It is in the name of the J.V. Co. Zenit. It was drawn down in full at the outset and will be repaid in the main by June 2021 with a small tail to be cleared by Oct. 2021. Some repayments have already commenced and I believe are paid quarterly. The interest is under Shira arrangements but in effect are c. 7.5% I believe, which is regarded as very competitive.

[someuwin] 22/1/2020 10:14

Bought more today.