Ariana Resources Share Discussion Threads

[1candc] 09/7/2020 13:55

Temujlln - I don't know what you're trying to achieve here, the deal is baked in so are you trying to rally shareholder support with a view to voting the deal down? Or are you just generally airing your views?
I for one will be voting for the deal and have a lot of time for KS who has achieved a huge amount with AAU. Don't get me wrong you are perfectly entitled to your views but your views versus KS? No contest really

[donald pond] 09/7/2020 13:55

What we don't know of course is whether AAU has a huge amount of say in the matter. I doubt the rule of law in Turkey is as robust as one might hope and it might be this deal was presented to AAU as one that had to take place.

[temujiin] 09/7/2020 13:51

Dixi, you may well be right, but selling off cheaply half your goldmine in what looks like the start of a gold bull run, is about as amazingly stupid a thing any company could do. I hope people see sense and vote it down.

[donald pond] 09/7/2020 13:48

CHF has trebled in no time, would be good to see what happens with Venus, Cyprus looks like an interesting place for miners

[dixi] 09/7/2020 13:42

Temujiin, your opinion is certainly valid and reasonable to make, but the problem is that the deal is as good as done and we have to accept that now, or move to 'greener grass' (depending on your point of view about the JV, of course). I very much doubt anybody buying since the announcement is doing so to vote against.

[julianc35] 09/7/2020 13:38

Just to help fuel the deabte.



A very LTH who tends to agree with Temujiin

[soulsauce] 09/7/2020 13:36

Oh great, this again. Anyone got a different tune for Temujin to play 🙄

[charles clore] 09/7/2020 13:33

Just topped up 300k. It's listed as a sell!

[shortarm] 09/7/2020 13:31

A lot more production coming our way a lot faster with the deal. Leading Turkish gold producer - that's gonna be us!!23.5 percent of minimum 150k a year? Plus way good copper and gold exposure in Cyprus - I for one couldn't be happier!

[thanksamillion] 09/7/2020 13:27

Keep trying!

[claretandbluedave] 09/7/2020 12:25

I'm also adding very slowly, only have 1.5 million, nothing like some of you guys but will add when I can.
Really enjoyed the debate yesterday, good to have varying views on the MoU. At my age I haven't got 10 years to wait so hopefully the joint venture will make things happen sooner, but also understand views that he's giving away too much of the pie. At least its a constructive BB unlike some others I could mention.

[bigglesbingham] 09/7/2020 11:45

I've been adding too consistently over last three months

[soulsauce] 09/7/2020 10:43

Great news Charles, enjoy those profits, may be put some in CHF or PALM ;-)

[charles clore] 09/7/2020 10:38

Hi soul yes still there with my 3m looking nice today!

But I'd love to know what's going on here!

[1candc] 09/7/2020 10:16

The share price reaction to the excellent news this morning was bizarre, normally such news would see the share price open higher, unless there's a large sell order lurking but no indication as yet as there are's a steady stream of buys this morning

[renniks2016] 09/7/2020 10:11

Didn't think 3 weeks ago I'd be able to accumulate below 4 so just taking advantage while I can, people talk about opportunities else where in this market, but if they haven't made it elsewhere by now they are looking in the wrong place, as it's right under their noses ! ;) buying up to 4.5 or I reach goal of 20m which ever comes first !

[bigglesbingham] 09/7/2020 09:55

What you up to now you must have shed loads

[risa5] 09/7/2020 09:54

Ariana Resources says second quarter production at Kiziltepe topped expectations

The second quarter, of course, was when the coronavirus pandemic began to take hold but even so, half-year output was still within the guidance range

Ariana Resources PLC said gold production at the Kiziltepe Mine in Turkey in the three months to the end of June was higher than anticipated.

Kiziltepe, which is part of the Red Rabbit 50/50 joint venture with Proccea Construction, produced 4,679 ounces, down from 5,129 ounces but in line with guidance issued for the half-year.

Total ore processed in the quarter was 54,862 tonnes at an average head grade of 3.02 grams per tonne (g/t). Quarterly open-pit ore mined was 77,179 tonnes, at an average mined grade of 2.79 g/t gold, and total material movement for the quarter was 973,603 tonnes.

"The second quarter of 2020 again witnessed better than planned rates of production, despite corresponding with the global onset of COVID-19. Material movements from the pits were maintained at very high rates, while ore production also continued at near-record levels,” Kerim Sener, the managing director of Ariana said in a statement.

“The mill also performed at some of the highest monthly rates ever recorded, reaching an annualised rate of almost 220,000 tonnes per annum which represents an increase of over 45% above the feasibility designed rate.

"Production from our highest-grade pit, Arzu South, is as planned now drawing to a close with production shortly to be focused entirely on the Arzu North and Derya pits. In addition, the mine has continued to maintain a stockpile of well over 130,000 tonnes of ore at a grade of approximately 2.5 g/t gold, sufficient to cover at least eight months of mill feed,” he added.
PI

[soulsauce] 09/7/2020 09:15

Heyup Charles, are you still in EUA? (sorry for off topic)

[renniks2016] 09/7/2020 09:12

Another 130k in the bag :)

[crossfirecssf] 09/7/2020 09:00

Kerim’s not had his lack of battles to fight. Successfuly bringing a mine into production during the biggest bear market in pm shares in decades, in the midst of the ‘great recession’,...austerity,... you name it.

Now meeting production expectations during the greatest economic contraction in 2-300 years. Aside from a couple of dubious past dilutionary placings, he and his company have put not a foot wrong and deserve a standing ovation.

[1candc] 09/7/2020 08:54

Very good results in the circumstances, plus that stockpile is getting more valuable by the day. No matter the genuine debate re the JV here that deal is baked in and nothing voiced here will change that. KS and the rest of the board are large stock holders, I doubt if they would agree something that would sell themselves short.

[plasybryn] 09/7/2020 08:51

James Turk :-The next key breakout to watch for is #silver hurdling $19, which will be a rocket launch for silver into the $20s while gold heads into $1900+ all-time highs.

[pauliewonder] 09/7/2020 08:49

Bought some more this morning, not yet showing. Happy to add at these levels.