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Sorry my post should have said £35m minnow not £25m. Value is slowly but surely being recognised.
Looking forward to next week. I genuinely think after all these years of development Ariana might finally be at a pivotal moment over the next few weeks/months. A moment it changes from a lowly , largely unnoticed, under the radar £25m minnow into part of a really serious gold/silver player with ambitions we could never have considered possible just 6 months ago. The moment is coming. The gold is going to new highs and we are going to enjoy some of the best returns ever. Sorry getting carried away perhaps but wanted to extend a bit of Easter cheer in these rather bleak virus times. Take care
Theres approx $28 million sitting in the stockpile, the limiting factor is the mill throughput the aim should be to blend the higher grade ore with the newer lower grade ore, which will still see the mill head grade diminish and consequently the revenue, unless the company increases mill throughput which will require cap expenditure, but theres no point in doing that unless the mining rate is sustainable, which will depend on exploration. But in short I believe production will be higher than the guidance this year. Under promise over deliver....
Hi CK, would I be right in thinking then that with 120k tonnes at 4g/t, there is over 15k oz of gold in the stockpile to add to the 18k oz production guidance, which will mean output and sales won't drop nearly as much as the production guidance suggests?
Thanks, Ash
We should have the quarterly preliminary results by the end of next week, it should be another good performance, with the gold price for the quarter, being 6.77% higher, although the silver price was down slightly by 2.53% (Silver took a real bashing in the last month!). The increase in price, should help compensate for the falling head grade, with regards to the head grade it needs to be remembered that at the beginning of Q1 there was 120,000 tonnes grading in excess of 4% sitting in the stockpile, which is available for blending.
I’m waiting out for the financials in a couple of months, even moreso if we do bring the new partner on board. It could be the maiden dividend to shareholders as we’ll have cash in the bank and no outstanding debt. The amount of cash however, will purely depend on the new partner [fingers crossed].
Forgot to say we should also get an RNS confirming we are Capex debt free later this month.
Vanvan, I always enjoy reading your posts. They tend to be very upbeat and positive, based on factual information, without being excessively rampacious
Keep up da good vibes mate innit, (must be said whilst wearing your most vulgar bling and your baseball cap back to front).
Clearly spending too much time under martial law, help needed!
We're doing ok imo. I can't see any reason why the share price shouldn't move further north this month. I'm expecting the Preliminaries next week and I'm expect them to be pretty dam good, based on a strong gold price, low oil price and weak Turkish lira. And of course as we know the mine is still in full operation. Then comes the big one. Finalised deal plans by end of April for ratification perhaps in May. Once the name of the mystery third partner is made general general knowledge, I'm sure that is going to make people sit up and think and reappraise little old Ariana. You don't attract a major conglomerate unless you have some serious potential. It's possible we could get more news from the exploration & drilling programme at Red Rabbit on the underground extensions this month. And an update on progress at our second mine at Tavsan could also come at any time imo. There is also the diamond drilling Kerim mentioned at Kiziltepe, which is happening this month I believe. The latest Resource estimate and extended life of mine for Kiziltepe I have pencilled in for Q2. So not much going on! Should all be nicely accretive.