I'm not sure anyone would want Ariana in toto though - too many different strands to its activities, not least of which a JV with Eldorado. Two majors JVing on the same mine would be 'messy'. That being said, the CEO in the last audio interview did talk about the need for Ariana to crystallise the value it has created through its exploration activities in some way, and how conscious he is that they need to do that as opposed to simply churn thru money exploring patch after patch after patch. That makes me think they'll go down the more convention routes of selling proved-up assets off via entire sales or farm-in JVs (like with Eldorado) - ie selling off individual assets, not the company in total. Can anyone remember the link to that last interview with Karim and please post it?
Takeover target potential
Would suggest Ariana is a potential takeover target given its near term production status and the fact the new mining code clears the path for its final permit.
Update re mining law
Hürriyet Daily NewsLEADING NEWS SOURCE FOR TURKEY AND THE REGION Submit Login | Become a member | I forgot my password Make us your homepage HOMETURKEYECONOMYWORLDSPORTSLIFEARTS/CULTUREOPINIONVIDEOPHOTOHürriyetRadikal Sub Categories: » HOMEPAGE / ECONOMY/ LABOR Friday,January 30 2015, Your time is 10:13:37 am GMT Mining regulations changing in Turkey after deadly accidents ANKARA - Reuters A new draft mining law has been passed by Turkey’s Parliamentary Commission on Industry, Trade, Energy, Natural Resources and Information Technology, in response to a series of deadly accidents that hit headlines last year. The new regulations will result in changes to the transfer of mining licenses, establishing a permanent supervision system and prompting the greater consideration of environmental concerns, said Energy Minister Taner Yıldız. The draft law will be finalized after negotiations in parliament’s general assembly, Yıldız said on Jan. 23 in a press meeting in Ankara to announce the details of the draft law. After deadly accidents in the mines of Soma and Ermenek last year, many have called for an increase in safety conditions in mines across Turkey, he added. Yıldız said the changes to the existing Mining Law had submitted to the Prime Ministry before the Soma accident, but more ambitious measures have become a must and more checks have been conducted since the accidents. According to the new legal proposal, a permanent supervision system will come online to increase safety standards in mines, he vowed. “The existing technical monitors will be replaced by permanent monitors in all mines. We have seen that many technical monitors visit mines in very short spaces of time, not inspecting safety conditions properly. We will replace them with permanent monitors, who will be chosen from among mining engineers,” Yıldız said. Some 301 miners died at a mine in Soma last May in the worst ever industrial accident in Turkish history. Only six months after the disaster, 18 miners died at a facility in the Central Anatolian district of Ermenek after an underground flood, drawing the country’s focus back to the perilous safety conditions of mines
Ariana Issue of equity
Application is being made to the London Stock Exchange for admission of the 7,021,833 new ordinary shares, ... Admission is expected to take place on or around 4 February 2015...
It's a long time coming!!!!!!
Ucabwoo equity issued in lieu of fees for services and facilities - shows our partners confidence in the future. I could speculate that even the tea lady and the on site kebab shop have taken shares believing FP's coming soon - it's coming - FP's coming soon!!!
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