Ariana Resources Share Discussion Threads

[plasybryn] 11/6/2020 14:44

The other great aspect imo is that all work todate has been self funded. New Mineral Resource estimate plus the pre feasibility study completed and the EIA & Full feasibility study well on the way to completion, must mean a fair bit off the earlier Scoping Study Capex estimates of circa $20m. I'm guessing but I believe a F.S. & E.I.A can cost anything in the region of £3m. The Resource work with Tetra Tech Co. involvement must have been another couple of million? Anyone know better?

[plasybryn] 11/6/2020 14:34

So we now have 253,000 ozs of Gold up from 168,900 ozs) and 723,000 ozs of silver meaning an 8.5 year mine life ( 253,000 divided by 30,000 ozs per annum).
Great to see the resource is further de-risked with 77% now in Measured and Indicated.
And of course there is another JORC exploration target of up to 9m tonnes. How many ozs would that add to the 253,000 ozs? Anyone know. Obviously it looks like Tavsan is going to have at least a 10 year life.

[crossfirecssf] 11/6/2020 14:22

Consolidation will obviously play a part in the interim.

[crossfirecssf] 11/6/2020 14:20

Jeez.... not more bad news. :o)

Gold will soon sling-shot out of its massive 8-year complex inverted head-and-shoulders pattern, or cup and handle (whatever, it's a bullish continuation pattern of historic reliability), giving a target of roughly $2,550 over the coming year or two (very probably sooner). In the same way that the $1330 call went to $1660 and now beyond, this too will come to pass.

Wagers taken for those that feel I'm being premature again. ;o)

[lottsgold] 11/6/2020 13:44

I think we get 30mil cash? With that and say 11mil in free cash flow off of the two operating mines at our 23.5% and a free carry to production an Salinbas I think I would be happy. Also any exploration cost into the JV at 3x costs that could be a lot of cash if we prove Salibas to be a multimillion deposit.

[thanksamillion] 11/6/2020 13:25

On the assumption/hope that the potential partner has become aware of todays new Tavsan Jorc this morning the same as AAU shareholders....this may explain the odd RNS timing... perhaps the negotiations have now been re-opened...who knows. If so can we expect another delay?

[thanksamillion] 11/6/2020 13:09

Which may suggest we are trading away £7m pa profit from Tavsan alone in the coming deal which returns us immediate £25m cash. Not knocking the deal as we need to view it in the round, but this is a significant amount.

[lottsgold] 11/6/2020 12:54

Yes I think so? Going by previous presentations.Correct me if I'm wrong?

[tidy 2] 11/6/2020 12:39

30k oz pa?

[1candc] 11/6/2020 12:39

The 121,659 is a buy - fact, but showing as a sell

[charles clore] 11/6/2020 12:30

1candc11 Jun '20 - 11:59 - 22272 of 22274
0 0 0
Good to hear, but 6p? I hope to have the will power not to sell until 16p and even then not all of them, knowing me that's a big ask of my resolution but that's the plan of this dreamer

I have a core holding of just over 3m shares that I am keeping for the long term, which I envisage being in excess of 15p. However I also have 120k in trading stock that I was aiming to sell at 6p. Nothing to worry about I am a long term holder here.

[lottsgold] 11/6/2020 12:28

Just had a look back and costs are great 630dollars per oz. 30,000 per year (15,000 to ya currently) up to 10 years LOM is a possibility. Current market cap 42mil. Wish I could take some more!

[lottsgold] 11/6/2020 12:05

Yes quite a lot of shares have been put into stronger hands over the last few weeks certainly puts us in a stronger position for next leg up on the MOU all being well. I can't see the MOU not going through after the amount of time spent on the due diligence and legal. Looking at a totally different company value with 2 mines and the strong partner in Turkey, if they are as big as we are led to believe the doors they could open will be huge for us.

[8rad] 11/6/2020 12:04

Todays news should add $60 million to the bottom line. That tells you how undervalued we are.

[1candc] 11/6/2020 11:59

Good to hear, but 6p? I hope to have the will power not to sell until 16p and even then not all of them, knowing me that's a big ask of my resolution but that's the plan of this dreamer

[shortarm] 11/6/2020 11:51

The good news is that's a million shares that won't get sold until 8P

[charles clore] 11/6/2020 11:35

ex - thanks but I have enough exposure here.
1candc - Can't understand anyone selling at this level to be honest. I won't be selling any until at least 6p.

[1candc] 11/6/2020 11:22

Glass half empty today Charles? Was that your 1m sale?

[excellance] 11/6/2020 11:08

Charles,

Check out CHF based on Cyprus, you may like it..

Sorry for the intrusion

[charles clore] 11/6/2020 10:56

Given that we have seen the share price stagnate lately and that good news gives sellers a great opportunity to offload it wouldn't surprise me to see the price fall back to par for the day despite an ever optimistic outlook for the company. The Tasvan news was very good but I can't see this reaching 5p ahead of the announcement of a deal. Having said that, I believe the deal will be the catalyst for higher prices once details are known.

[risa5] 11/6/2020 10:41

Ariana Resources announces 50% increase in Tavsan resource

Ariana Resources plc, an AIM-listed exploration and development company operating in Europe, has recently announced a Joint Ore Reserves Committee (JORC) Resource update for the Tavsan Project in Turkey. Tavsan is part of the Red Rabbit Joint Venture (JV) with Proccea Construction Co. and is 50% owned by Ariana through its shareholding in Zenit Madencilik San. ve Tic. A.S. (Zenit).

Highlights
Global resource increased by 50% over the 2018 resource estimate to 4.49 million t at 1.76 g/t Au and 5.00 g/t Ag for 253 000 oz Au and 723 000 oz Ag.

Resource estimate further de-risked with 77% of the resource now in Measured and Indicated JORC categories.

Additional JORC exploration target of up to a further 9 million t at 1.00 - 1.30 g/t Au, updated to reflect the latest estimation.

The JV has completed a pre-feasibility study for Tasvan and an environmental impact assessment (EIA) is being finalised.

Discussions with potential lenders are expected to commence imminently in order for the JV to secure funding for the development of the project.
...

[mad foetus] 11/6/2020 09:46

It's a very big volume day already so chartwise looks like next leg up starting

[lottsgold] 11/6/2020 09:38

Could well be a seller, there has been a nice rise since turn off the year so can't blame large holders. The price will suddenly be released if they clear and with so much news this base is going to be solid, can only see this headed one way with positive news flow and strong gold/silver prices. I will add where I can as many holders say the returns here have huge potential this year into next.

[tidy 2] 11/6/2020 09:29

$AAU Ariana Resources surges as it reports 50% increase in resource at Tavsan project tinyurl.com/yav9sxg2 via @proactive_UK @ArianaResources #AAUProactive. htTTps://t.co/VeoXwGcKcB

[kaos3] 11/6/2020 09:20

0.5 M shown