Ariana Resources Share Discussion Threads

[dixi] 01/5/2020 14:47

Great news, but have I missed something? Surprised to see the price down. Must be 'sell on the news' at work again?

[charles clore] 01/5/2020 13:20

biggles - no problem.

[bigglesbingham] 01/5/2020 13:12

Sorry for confusion .

[charles clore] 01/5/2020 13:10

shortarm - ok, thanks for explaining that.

[shortarm] 01/5/2020 13:00

Charles, Ariana won't pay anything for development at Salinbas.... Boggles was answering an earlier question.

[ironstorm] 01/5/2020 13:00

Superb. Shows the strength of RR and if nothing happens on the new Jv - well the existing one is well placed to rinse and repeat on Tavsan which I think our Turkish bankers will be very happy to advance us.

Never minding everything else.

Well done board and of course bulletin board.

A celebratory drink later is well deserved.

[risa5] 01/5/2020 12:55

Ariana Resources boosted as US$33mln loan is repaid

“This serves to demonstrate the strong operating credentials of the JV and the profitability of the Kiziltepe Mine,” the group's MD Kerim Sener said

Ariana Resources PLC (LON:AAU) has announced the repayment of a US$33mln capital loan by the company’s 50% owned joint venture company, which in turn owns the Kiziltepe Mine.

The loan was repaid according to the scheduled payment dates, which ran up to the end of April 2020.

Ariana managing director Kerim Sener described it as a fantastic result for the company. “This serves to demonstrate the strong operating credentials of the JV and the profitability of the Kiziltepe Mine,” he said in a statement.

“While the life of mine average revenue per gold ounce is US$1,478, we also expect that this buoyant price environment will likely remain under current macroeconomic circumstances," Sener added. “Meanwhile our new exploration drilling programme which commenced late last week at Kiziltepe is proceeding as planned.”

He noted that the new programme is designed to follow-up successful deep drilling completed at Arzu South last year.

“We are pleased to report that vein mineralisation has been encountered in the first of the new drill holes, which terminated at about 200m depth, demonstrating the vertical continuity of the vein system as predicted. This bodes well for the future development of the Kiziltepe Mine, as we consider its transition to underground operations in the future," he added.
PI

[charles clore] 01/5/2020 12:52

biggles - they?

[bigglesbingham] 01/5/2020 12:46

They expect a free ride on proving up salinbas which is one of the main reasons for the deal in first place

[thanksamillion] 01/5/2020 12:17

soul

No, quite happy with the way thing are, in any case the share price has only returned to where it was when I reduced. AAU had become far too large a proportion of portfolio, so it was a much needed excercise in prudence, and was after all only a top slice. Pretty confidant that the new home will return similar rewards. I expect to be more active than I have been in moving funds about in future, I see the potential for lots of huge, once in a lifetime, opportunities in the coming months.

Good luck to all.

[kirbs4] 01/5/2020 12:16

Im starting to feel important, yesterday i demanded rns about delay and it came midday, then i asked for confirmation of capital debt free today and there it is haha!

[renniks2016] 01/5/2020 12:07

The 100% owned Salinbas Gold Project is located in north-eastern Turkey and has a total resource inventory of c. 1 million ounces of gold equivalent. The project comprises three notable licence areas: Salinbas, Ardala and Hizarliyayla, all of which are located within a multi-million ounce Artvin Goldfield. The "Hot Gold Corridor" contains several significant gold-copper projects including the 4Moz Hot Maden project, which lies 16km to the south of Salinbas and 7km south of Hizarliyayla.

The main 1 of 3 reasons I believe the deal will be done, imho I believe KS & Co will use the cash to prove then develop Salinbas, plus a couple of surprises outside Turkey to really take us to the next level! new JV takes care of everything at RR (with guidance from AAU)Proccea takes care of the new mine. we take care of us!

[soulsauce] 01/5/2020 12:00

The Turkish Bank must be very impressed with Zenit (aka Ariana & Proccea) and I am sure will ensure they get very good terms for Tavsan.

[claretandbluedave] 01/5/2020 11:55

Glad that the co sent out this RNS. Debt now fully paid, gold being produced, new mine in couple of years, maybe joint venture, maybe not, but slowly and surely moving forward, nice little divi would be a good move now and keep us in the news.

[gaffer73] 01/5/2020 11:43

Why is this not 5p again?

[soulsauce] 01/5/2020 11:40

Lovely jubbly great news.

Thanksamillion hope you bought those shares back?

[8rad] 01/5/2020 11:26

Gold down to 200metres! I trust the new partner has deep pockets to match.

[charles clore] 01/5/2020 11:18

Great news so long awaited well done AAU and well done to patient shareholders!

[thanksamillion] 01/5/2020 11:17

Good RNS and the chart looks good too, also mentions continuing repayment of remainder of loans from Ariana and Proccea, anyone know who much these loans amount to?

[bigglesbingham] 01/5/2020 11:01

I am on a similar wavelength to KS and MDV in term of decisions simple as that pal. No mention of divi but really nice update re drilling. Great news.

[gaddy88] 01/5/2020 10:57

100% REPAYMENT OF CAPITAL LOANAriana Resources plc ("Ariana" or "the Company"), the AIM-listed exploration and development company operating in Europe, is pleased to announce the completion of the repayment of the construction capital loan of US$33 million to Turkiye Finans Katilim Bankasi A.S. by Zenit Madencilik San. ve Tic. A.S., the 50:50 Joint Venture company between Ariana and Proccea Construction Co. ("Proccea"), owner of the Kiziltepe Mine.

[plasybryn] 01/5/2020 10:12

Don't over do the self congratulatory adoration Biggles. Ha ha. We'll all be wearing those corporate Ariana Polo neck shirts soon and singing gold is the colour.

[bigglesbingham] 01/5/2020 10:08

I do like this board, we can agree or disagree but the comments are always constructive and long may this continue. It's an intelligent company with an intelligent bulletin board

[crossfirecssf] 01/5/2020 09:52

Agreed Pharm. And meanwhile we’re forming a triangle formation on the tail end of a continuation head and shoulders.

Yes, it could break up or down, but as you say, the clearance of debt and resulting profit margins (cash is king right?) indicate to me that the odds are significantly in favour of a break upwards towards 5p. As always in these cases, I don’t think we’ll have to wait long to find out.