Ariana Resources Share Discussion Threads

[soulsauce] 19/2/2020 09:57

Surprised there is so little interest here this morning given gold has burst through $1600 with aplomb.
If RR maintains another 7k oz for Q1 that is £5.25m pure profit for the partners after costs.
Crazy that we are only £33m mkt cap.

[plasybryn] 19/2/2020 09:50

Great news: Michael has just confirmed the latest Panmure Gordon Note is on the web site, dated 24th January 2020 with the 4.37p target. It is called Gold in Q1 - The Quarterly Nugget. You will need to scroll down to page 18 for the specific commentary on Ariana. It carries on to page 24.
Look on page 20 for the Gold related valuation matrix. On 1 X NAV @ $1600 gold and a 7% discount we get a share price target of 5.35p

[plasybryn] 18/2/2020 16:28

The Ariana perfect storm.

[thanksamillion] 18/2/2020 16:06

Gold has Just breached $1600 though I expect a small pull back.

[thanksamillion] 18/2/2020 14:35

Someone just stumped up £10k.

[plasybryn] 18/2/2020 13:55

Gold & silver on the up. $1600 gold very close now. Just think of our margins now allowing for the silver credit as well. Nice

[thanksamillion] 18/2/2020 11:35

Slowly slowly, new investors need time to adjust to the true value here.

[bigglesbingham] 18/2/2020 10:46

They've got to be hungry for stock

[bigglesbingham] 17/2/2020 16:32

Latest 4.37

[plasybryn] 17/2/2020 16:28

Charles: for some reason they haven't put the latest Panmure Gordon Note on the web site. I was told they had but I note that it is the one dated the 16th January and is just a Flash Note. There is a much fuller Note dated 24th January with a higher valuation and the matrix using more representative gold prices. I have just asked Michael if we can have that one posted. Fingers crossed.

[dixi] 17/2/2020 13:21

Slow attrition beyond 3p, but it is happening.

[plasybryn] 17/2/2020 11:45

Latest PG note now on website.

[thanksamillion] 17/2/2020 10:50

Looks like a big buy in the background.

[plasybryn] 17/2/2020 09:17

The window to buy in is looking tighter imo with the contract details now so close. But Quarterlies with details of our amazing low cost of production, could provide further impetus for those hitherto unaware we are one of the lowest cost producers. A only circa two months now to being Capex debt free.

[plasybryn] 17/2/2020 08:07

On this premise I reckon we could receive the Contract in an RNS to peruse by end of February/early March given they probably have to give shareholders two weeks pre the General Meeting to ratify it. Keeping it within the exclusivity period.

[plasybryn] 17/2/2020 07:15

Should say pre (not pres) the meeting.

[plasybryn] 17/2/2020 07:14

The exclusivity period to the end of March might mean they will want the shareholders' ratification (Gen. Meeting) completed within this time frame. Or else once the exclusivity period expires and with independent D.D. done, it presents a possible open and attractive opportunity for another interested party to take advantage. So perhaps things will actually move fairly quickly given shareholders will need at least two weeks to digest the final contract pres the meeting.

[temujiin] 16/2/2020 23:25

That wld be an acceptable deal Dixi in exchange for 53% of our 100% owned Salinbas project, and what could well be a multi million oz gold and silver acreage.

[dixi] 16/2/2020 20:02

How about new partner and Proccea pick up the tab proportionately for seeing Salinbas to production and AAU enjoy their % at no additional cost. Seems reasonable to me, that being the case.

[temujiin] 16/2/2020 19:12

New partner are paying $50m ($25 to AAU) for 53% of the profitable 10 year Kizil goldmine, plus Tasvan which can be up producing 30k 0z / yr in 2 or 3 years, for up to targeted 300,000 oz, plus all the other good stuff on our turf.... On this aspect alone its a very good deal for new partner, less so for us imo.

For 53% of Salinbas new partner is paying $5m plus $8m for

Additional drilling and resource estimation
Definitive Feasibility Study
EIA and permitting
Freehold land acquisition, public relations and new licences

Proccea will pay towards this, amount unknown but I'd estimate $6.5m
$8 + $6.5 = $14.5m. This is clearly nowhere near enough to get Salinbas into production.

So how good this deal is depends a lot on this para in the Nov RNS

Ariana will:

2. be free-carried on further costs associated with the development of the Salinbas Project.

I hope the JV deal, if there is one, does not leave anything to doubt about what exactly that means.

[dixi] 16/2/2020 16:06

I guess another company could bid for AAU, but surely a JV situation is by invitation only?