Ariana Resources Share Discussion Threads

[bigglesbingham] 15/6/2020 22:22

Got to be coming to a head soon surely. With the DD gone well, AAU done everything it said re production exploration then I can't seeing new JV backing out unless the covid 19 altered their stance but would have thought if that was case they would have backed out by now. I'm sure with all that's going on KS would love to get his hands on the money: Cyprus, salinbas, potentially excellent deep mine potential at kiziltepe , non JV exploration such as invindri a win win for both sides I feel. That's why I don't think there will be a renegotiation I think an extra few million would be small change in the overall picture and i can't see AAU doing that if it jeopardises the deal. These are my thoughts based on what I'd do. Obviously KS and MDV know all the facts so you have to put faith in them. I'm a lot more comfortable in situation here regarding share price if deal doesn't go ahead because of recent exploration results and production, debt clearance, tarsvan results etc.

[soulsauce] 15/6/2020 16:51

bigglesbingham15 Jun '20 - 16:46 - 22383 of 22383

What we need now is news on that corporate action, and I fancy we won't be waiting too much longer.

Indeed we do bigglesbingham and let's hope it's an affirmative.

[bigglesbingham] 15/6/2020 16:46

Shareprophets ; Markets may be having a gloomy day, with the FTSE 100 currently off by 1.4% and the Dow off by 1.7%, but AIM-listed Turkish gold miner Ariana Resources (AAU) has offered up more good news even with gold off a little. The news today is that its wholly owned Ivrindi gold project has received a ten-year operational licence extension, along with a 45 hectare mining permit. Ivrindi is situated within trucking distance of Ariana's 50% owned Red Rabbit joint venture with Proccea which includes the Kiziltpe processing plant...Ariana has the choice of selling Ivrindi into the JV at three times exploration cost, or trucking gold ore to Kiziltepe and paying to have it processed. The hope is that this prospect will eventually yield 500,000 tonnes at 2g/t – so 32,000 troy ounces of gold.As things stand, a 2012 JORC compliant mineral resource estimate stands at 11,000 oz in the inferred category. With things having rather stalled last year whilst Ariana got its licence renewal, it now plans a drilling programme to test the strike length once forestry permits are secured and in the meantime trial mining has seen 16,000 tons of gold mineralised material stockpiled, containing 1.2 g/t gold.There are a few hurdles left to negotiate before cashflow can be seen, but this is a useful bonus to Ariana to add to an already tantalising cake.What we need now is news on that corporate action, and I fancy we won't be waiting too much longer.

[jaf1948] 15/6/2020 16:31

I apologize for what I have started.

[auphilman] 15/6/2020 16:21

I guess you could "Tweet" that Jaf

[thanksamillion] 15/6/2020 13:19

That's just Looney JAF.

[konil] 15/6/2020 11:49

sorry, couldn't resist, not so much the spelling thing just a chance for a chuckle on a generally red day.

gl.

[konil] 15/6/2020 10:39

what is it learning?

[thanksamillion] 15/6/2020 10:38

By the way, I feel that bowstring getting taught again.

[risa5] 15/6/2020 10:36

Not sure if this was posted before, 12 Jun 2020

Ariana Resources PLC's Kerim Sener welcomes resource update for Tavsan and talks development plans

[thanksamillion] 15/6/2020 10:35

I hope so Charles, it would be awesome.

Currently around 20x 2018 eps of 0.21p, this years Annual Report, now overdue, could see the eps greatly increased due to: higher gold price, I believe.. higher production, and most hopefully of all, a large reduction in the currency translation exceptional items that wiped out much of the the 2018 eps, I hope and believe that at least some of these were one offs, we shall see.

If all the above works out right how about an 2019 eps of ... I dare not speculate as my accounting skill are not sufficient and all the figures I have come up with are way way above 0.21p.

Any one with accounting skills care to speculate on that currency translation charge.

[risa5] 15/6/2020 10:17

Ariana Resources renews operating licence at Ivrindi in Turkey

Ariana has built up a track record of successful operations in Turkey

Ariana Resources PLC (LON:AAU) has renewed its operating licence on the Ivrindi gold project, which is 100% held by the company and based outside of the Red Rabbit joint venture in Western Turkey.

The operational licence has been extended for 10 years, expiring on June 3, 2030, with the possibility for an extension.
In addition, a 45 hectare mining permit for gold has been secured on the same terms.

"Exploration and development activities at our Ivrindi project were slowed down last year while we went through the process of renewing of our operating licence, which we have now secured successfully for a further 10 years,” Ariana’s managing director Dr Kerim Sener said in a statement.

“Prior to this, the company had demonstrated significant upside and had indicated our objective to mine and truck material from Ivrindi to the Kiziltepe processing plant. Accordingly, metallurgical testwork for Ivrindi was completed last year, along with additional trial mining. We currently maintain a stockpile of ore at Ivrindi which is expected to be trucked to Kiziltepe for trial processing in the future.

"Meanwhile a 1,500-metre reverse circulation drilling programme is planned to test the full strike length of the mineralised structure at Ivrindi once new forestry permits are secured and we look forward to updating the market on this in due course," he added.
PI

[charles clore] 15/6/2020 09:58

This, imho, is the cup (and I expect there will be a handle too) that will soon take us above 10p.
I expect to see a breakout from the current price range within the next 2 weeks.

[1candc] 15/6/2020 09:26

It's fine Plasybryn, gotta to have a laugh sometimes, let's hope your son in law is right

[plasybryn] 15/6/2020 09:17

Well it is my son in law who works for one of the main French Banks. Perhaps he is Mystic Meg. I agree the wording of my post did sound a bit dubious/frivolous. Perhaps I should have kept that to myself.

[1candc] 15/6/2020 09:15

I know a bloke who knows Mystic Meg and she says the share price will be £25 next week, time to top up!

[plasybryn] 15/6/2020 09:09

I've been told by someone else who does a lot of charting analysis that our next big resistance point is 6.3p. He sees the chart as very strong.

[plasybryn] 15/6/2020 09:02

At the recent Shareholder online conference I asked Kerim:-
Will our other 100% assets at Karakavak, Ivrindi & Kizilcukur all fall within the new J.V. Deal if it goes ahead please?

Kerim: The other assets (e.g. Kizilcukur) have also been considered as part of the enlarged JV and have formed apart of the DD by the incoming party (though to a lesser extent understandably).  The MoU considers their eventual sale in to the enlarged JV.

[oilbuy] 15/6/2020 08:22

Bullish hammer on the chart from Fridays close. AAU will break 5 soon.

[plasybryn] 15/6/2020 08:18

Always nice to increase the value of assets outside the Red Rabbit joint venture, especially in light of the Deal/(MoU) negotiations.

[renniks2016] 15/6/2020 08:16

The World Gold Council said on Friday its 2020 central bank gold reserves survey showed strong signs of an increase in gold's relevance for central bank reserve management.

It said the majority - 88% - had picked "negative interest rates" as relevant to their investment decisions. Gold will be playing a major role going forward.

88%! thats not to be ignored.

[renniks2016] 15/6/2020 08:09

No doubt another increase in resource estimates for this one come the end of the year. Every bit helps!