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I was in SHG for a little amount about eight years ago and made under 10% and forgot all about them. Just been over on their msg board and it does not look a happy place.
It makes me appreciate how well Ariana is actually run with long term objectives and pragmatism. To put things in perspective we have our fingers in many Continents/Jurisdictions, can we consider our model exploration and royalty/streaming?
I’m sure there is more to be found in Turkey in the coming years.
We meet again Noel and dv.
Bought my last certificated AAU in here around 10 yrs. ago or more (similarly with SHG)....I think I paid around a penny for my AAU.....lost plenty with SHG....but made it up ok here at Ariana.
We had a special dividend of 0.7p a couple of years ago from significantly and controversially lowering our JV % ownership share but indeed plenty now going on to start to see some movement in due course.
It sure pays not to have all your eggs in one basket!
GL
I see TW is recommending this stock for 'quick gains' targetting 4p+...
Now it's tomorrow -
12-Apr-24 12:41:04 2.80 200,000 Buy* 2.60 2.80 5,600 O
Hay gnomos, duendes e incluso cerdos voladores.
20p at least, but there's a snag. When it gets to 5p or 6p most of today's holders will think that is the top and will sell because of the fear of it dropping back to 2p.
Who remembers Arian Silver going from 1p to 54p? I sold at 21p thinking that was the top. I missed out on the bigger part of the rise.
Jesse Livermore said the hardest part of riding a bull is sitting tight.
Why 2.8p? The gold price is shooting up this evening?
When the gold mania comes, and it isn't far away, this will hit 20p - at least.
Take care DJ
Hi John. Today has been a wonderful day for law enforcement and will hopefully end the MAGA "mob cult" nonsense and the very unpleasant threats to our legal and civil administrators and their families for carrying out their proper duties.
There might be a loss of protest votes for Biden because so many folk over here felt that he should have halted the arms shipments to the IDF and we should not have opposed or vetoed the UN motions on the terrible events in Palestine.
Finally, whether I return to this site or not depends entirely on AAU success (or not) but I shall certainly monitor things from time to time.
Yep, good luck DJ. Hope you return some day and that in the meantime you don't vote for the orange one!
Seems that in both your country and ours we aren't so much voting this year for the best, but for the least worse.
John, like I said to you last March " I have some other good-looking possibilities elsewhere right now and an upward move to 2.5p would see me out again."
Well it's moved, I'm Out and I've profited with a gain of $570 from my last remaining tranche. No regrets but I think AAU might climb a little if and when Kerim finally takes ya'all to the rainbow!
Cheers, DJ (and puff-puff to you know who!)
What is it you talk about innit?
Just for info, I've not had my AAU shares yet, but looking forward to them, about 28k of them
As starvest plc distribute its holding in s Ariana Resources PLC (AIM: AAU) directly to its shareholders. yet i know that greatland gold were
‘ I just can't quite figure out where or why !’
It’s been like that on here since Commie Joe from the States turned up in 2018 blowing off about how great Uncle Sam is and how bad Brexit was!
I am sure this fascinating Washington politics is of interest to a struggling UK AIM mining share capitalized at 25 mill pounds and which had 7 trades in total on Friday . I just can't quite figure out where or why !
Woof Woof
https://x.com/pu28453638/status/1776253536600302067?s=61&t=yrR9K79UpmGOih1WZr2zLA
Firstly who appointed the committee and secondly who is on that committee?
Most importantly we are now at the stage where nobody in the rest of the world even cares about the USA anymore, the world has moved on under the Biden presidency and you are scared of any other alternative. Maybe big Mike of Hilary gets it, but who cares!
I know I had prophetically recently warned of "The Ides of March" for our Former President who has frequently been admiringly accorded the title of "God-Emperor" by a specific person writing on this AAU site.
Accordingly I wish to be ahead of the media in informing my friends here that the Committee appointed to investigate the attack on our Capitol on 6th January 2021, having listened to hundreds of depositions for over 18 months as well as thousands of pages of relevant documentation have just a short time ago (around 7.00pm US Eastern Time) unanimously voted to refer what they considered to be Criminal Actions organized and pre-meditated by Donald J Trump immediately to my country's Attorney General of the Department of Justice. A wealth of further evidence and information from our Secret Service and other sources not previously mentioned will accompany the Committee's referral in due course and Trump will be served with a subpoena to appear before the Committee to answer for his actions. In the face of this, I doubt whether his current attempts to delay existing Court procedures will gain him anything and he will go down as an unpleasant episode in history. It was also suggested that there will be many arrests forthcoming.
Obviously there will be speculation whether it would be considered viable to imprison a former president. There's always the Tower of London! (lol) However, in hindsight it could well have some effect on this year's National Vote as well as perhaps altering the direction of the Republican Party hopefully towards seeking bi-partisan agreement to govern the nation more effectively.
DJ.
who has been referred to
That is based on the whole thing. You can read their latest Flash Notes on the Co's web site under Analysts Coverage if you are interested.
In terms of Value/sh., I believe P.G. value Salinbas at $2.81 per share or 2.23p based on our 23.5% - from their last Company Note dated 21st Nov. 2022. Venus was valued at just 0.37p.
I think they realise a lot of these numbers need updating and I was told that a Full Note is being prepared. No idea when it will be released.
I have not seen a more recent one
‘ NOTE: The Brokers continue to maintain their 5.5p share price targets.’
Is that based on all operations as a whose or does Salinbas & Cyprus need throwing into the equation?
Thanks for sharing that. Extensive piece of work.
Continues
TAVSAN: They also say the exploration potential at Tavsan on the periphery of the system could yield c. 1.4Mt which they suggest would give an additional Reserve of c. 42,800/61,500 ozs
NUMBERS - RESERVES - JORC + POTENTIAL
Kiziltepe: JORC 47,700 ozs
Kiziltepe: Exploration potential: (Av.) 31,500 ozs - Co. Est. at this stage
Tavsan: JORC 200,900 ozs
Tavsan: Exploration potential: (Av) 51,500 ozs - Co. Est. at this stage
TOTAL: 331,600 ozs
THAT WOULD SUGGEST A MORE ACCEPTABLE 7.4 yr Mine Life at 45,000 ozs p.a. , OR 10 years at 33,000 ozs p.a.
(Gold-silver projects via 23.5% ownership of Zenit Madencilik (and affiliates).
CONCLUSION:
The Co. has been under pressure to complete this essential Resource and Reserve work, as the only all important Reserve was the depleted Kiziltepe one, which was suggesting a very short Life of Mine left.
Releasing the Tavsan numbers (the first ever Reserve numbers for Tavsan) appears to have been expedited out of necessity, even though further imminent results from 450 metres of core drill are still awaited. These will enhance the overall Resource and Reserve further and present, no doubt, an even more encouraging picture with a very respectable production and Life of Mine expectation.
This new “Interim” Reserve of 248,600 ozs is well up on what the Market was currently living with, as the Market only had a fast reducing Reserve at Kiziltepe.
So the Co. has told the Market it can keep it’s highly efficient Kiziltepe mine operative for a good number of years using higher grade ore from other feed sources, including Tavsan, our satellite mines like Kepez, Kizilcukur, Karakavak and Ivrindi and hopefully from other local mines, given its higher Recovery rate (CIL plant - 90% plus) whilst also commencing to produce alongside in parellel from the Heap Leach plant at Tavsan.
I think it is reasonable to expect as much as 20,000 ozs p.a. plus throughput at Kiziltepe and up to say 30,000 ozs, p.a , but probably less, through Tavsan from 2025. (45,000/50,000 ozs p.a. as we originally expected).
This year remains a bit of an unknown until the Co. is able to start trucking ore to Kiziltepe (but why can’t they start this soon?) and process lower grade ore through the Heap Leach at Tavsan. Heap Leach start up can take time.
A seven year plus mine life, with good production numbers looks very feasible, with hopefully Kiziltepe kept in operation throughout all of this period. That makes economic sense and maintains high levels of output.
NOTE: The Brokers continue to maintain their 5.5p share price targets.
CAVEAT: These are my interpretation of the numbers and the messages released.
I feel confident that they give a good reflection of the current position as communicated by the Co’s recent RNS.
Recent production performance at Kiziltepe:
28,421 ozs - 2022
20,737 ozs - 2021
18,914 ozs - 2020
Operational cash cost: US$650/oz
Hi all,
April 2024
Ariana Resources
Kiziltepe/Tavsan: Crucial de-risking Resource and Reserve update providing for up to 10 years of production
I have been re-reading the RNS plus the Broker Notes from WH Ireland & Panmure Gordon.
I can see this is a major piece of work by various parties which has been underway for quite some years as they pulled together all the elements into one big Resource/Reserve. That is a major step forward and they must feel relieved it is completed especially as Reserves were getting worryingly low.
My discoveries indicate that Kerim is probably right in the way he has portrayed the numbers at this point in time, even if he could have made it a bit easier to understand.
What I have discovered is that the “depleted” Gold Reserve for the Kiziltepe Sector (that is Kiziltepe, Kepez, Kizilcukur, Karakavak and Ivrindi) is 47,700 oz of gold at an average grade of 1.8 g/t - the av. grade has fallen of course. The Reserve is down from 80,500 ozs @ 2.38g/t in Feb. 2022 when they said their expectations was for the mine to run to 2026.
I am not sure we fully appreciated quite how much the Kiziltepe Sector has been depleted over the last few years and how close we were to a “red flag”. As this was their only JORC Reserve, Kiziltepe was getting close to desparate for new feed to keep it in economic operation.
But now we finally have the all important “Interim” Tavsan Sector Resource (updated) and maiden Reserve numbers. Significantly, this is the first time we have had a Reserve for Tavsan, so that in itself is a major de-risking milestone. I hadn’t appreciated that I must say! The new numbers are after completion of 10,285.7m of drilling. In respect of the Resource, these reveal a circa 15% increase over the 2020 numbers which is perhaps a bit disappointing given the amount of drilling and use of a lower cut-off grade of 0.5g/t as opposed to 0.7g/t. (Lower grade material is now considered economic given higher gold prices.) The grades have also declined - (1.76g/t to 1.26 g/t). But and importantly there is more to come. These are just the quote, “Interim” numbers.
We are told further results are pending for 444.7m of drill core from the North and Main Zones and further “optimisation and planning” will be carried out once they have these results, so it is reasonable to expect the Tavsan Reserve will improve.
The calculated current Reserve for the Tavsan Sector is 200,900 ozs @ 1.4 g/t.
ADD THIS TO THE DEPLETED KIZILTEPE SECTOR RESERVE OF 47,700 ozs & WE GET THE STATED 248,600 ozs (the rounded 249,000 ozs).
Obviously there is also silver.
EXPLORATION POTENTIAL:
KIZILTEPE: Ariana say that remaining exploration potential on additional Vein systems at Kiziltepe could yield 800,000 ozs at 1 g/t which they suggest would give an additional Reserve of c. 25,700/38,400 ozs
TAVSAN: They also say the exploration potential at Tavsan on the periphery of the system could yield
Landed in Basmane Izmir by the train station, could not find my hotel tucked up a side street. A transgender and lady of the night helped me to locate, 3 nights here then hire a car and onto Cesme & Bodrum.