Member Info for Tracylied

It is quite clear that excess profit will be shared between the partners 51/49. They also make it clear that the loan will stick to the scheduled payments. Simple maths tells you what the excess will be. As for raising further funds that will only be for new opportunities as the figures stated more than cover base costs. They will never say never that is given. However raising as a matter of choice for a specific reason is very different to just keeping the lights on. The info is all there written as it always is. If you need it clearer no company will ever give it.

The information provided yesterday in the RNS should end the suggestion about further fund raising to cover operational costs at Ariana. The fact that Zenit will pay the banks off at the scheduled times completing in April 2020. In the meantime the excess will pay the loans made by both parties. Ariana are owed cash for the exploration they have completed at 3 times the cost of discovery. Following completion of these payments zenit will pay Ariana 51% of the excess. That will certainly be a couple of million a year. Now I would suggest that will be spent on exploration and further conversion at 3 times cost to cash payments from Zenit. At the same time increasing the asset value of the JV. This is a major disclosure and a game changer for future potential placings. Kiziltepe very much looks after itself now and underwrites the value of the company by more than the current cap. Attention will turn to Salinbas as and the pending first results. Also development plans at Tavsan where a localised concentration type of plant would be rapid and cheap to build. Trucking and finishing at Kiziltepe will be possible with few modifications and expansions. Ariana are in my opinion really well positioned to add significant value over the next few months.

Funds and institutions are rarely interested in micro caps that trade on the wild west platforms. Some boutique funds may but they will always want to step through the door without retail exposure. I doubt that there is any liquidity to get a decent holding from the market anyway. The share price will rise now over the days weeks and months ahead. The news is out but this type of action often takes a while to get going.

1.372 and 1.4p for micro volumes like we have seen so far. Small trades at 1m are attracting a premium and are difficult to assemble. Hence my view that there is no overhang. Last week it was much the same as liquidity is still tight.

I doubt that there is a overhang. Certainly there have been very few available to buy over the last week or more. Hopefully some selling will come on this news and new positions can be taken. I say again the biggest threat to refloating is a lack of liquidity. Levis were you surprised to see the super low costs after doubting my views before.....

Looks like the first 2 buyers of the day were expecting a rush and have now sold at a loss on the spread. You can't win them all folks. Expect some money to come to the share this week.

It's a RNS of substance not a fanfare of nonsense as are the type to attract instant short term attention. The share price will float over the next few days and weeks. Kerim will be pushing the derisked message now and we will attract investors not short term pumpers. Just relax the game is on.

Good to note the payment by the Turkish government for the VAT incentive. Nearly $6m paid off of the loan to date. No over payment and clearly cash available so we can assume that the partners have either been paid or will be paid for the loans during ramp up. Ariana were owed for the additional resource discovered a 3 times discovery costs. Now Ariana need to get back on the ground and develop some of the high grade targets they have to produce an income stream into the parent company. Timing is great with the Salinbas season ending and attention can now switch. Even in the winter that is wetter they can progress the work. Next phase production is to push Tavsan.

Results are exactly where I said they would be. Recovery percentage is super and production 6% beyond expectation. Availability is also very high. Margins are very nice and this tiny project is now throwing off cash equivalent to one twice the size. $570 oz is excellent. The silver into gold equivalent really pushed the cash realised. Excellent stuff and share price should be over 2p now.

Well the study and project model will have been self sustaining on the projections; they would never have been able to secure bank finance otherwise. With grades, recovery plant availability above projections and the gold price within or above the model we have to assume margins are above those projected. The time for cash to have been tight was during commissioning and ramp up. The profitability since commercial production commenced will be revealed in a few days.

A big part of income from the JV will be the continued exploration near to the mine site. Ariana receive three times the cost of discovery for new ozs vested into the JV. They could fund all the ongoing costs from this alone. There will certainly be excess profit which may go to accelerated payments but could easily be returned to both partners. This is the day to day business sorted and managed externally whilst Ariana get on with discovering resources to prove to reserve. Then there is Salinbas which clearly will realise a substantial value in the near term.

The last update included information on the first month of this quarter so that may be something that they wish to do. It has some merit to comment on continued good performance in a market that then waits 3 months for the next installment. Very little volume again today as we wait for the first production performance.

Back over $1300. Massive margin per oz will certainly strip the remaining debt quickly.

It certainly is. Normally with such companies it's about the potential discoveries in the ground this is actual production. The nods and winks are recovery well ahead of projected. Grade well ahead of projected. Volume well ahead of projected. Follows that costs are well below projections. They are nods and winks about what they know not what they hope. Lol like a fool.

The previous profit was not real just an accounts issue. The loss is simply the base costs of the company. The loss was pre production. You must remember that Ariana will probably continue to make a loss as the profit is to the JV company and is an asset to Ariana. The recent fund raising was a shame but survival of the company and progress on the exploration portfolio is the prime objective and the responsibility of the management. The nods and winks are about something current and that is a first for this company.

Just one micro trade today so far. Volume has been low for weeks. Ariana are in transition and are about to release company changing news. Despite the very obvious over performing nods and winks for Kerim the market remains flat as does the share price. I have all mine and 700k to allow new faces into the rise post news. Hopefully liquidity won't prevent a sustainable rise. I think we have all seen shares strangled by poor liquidity and potential buyers just giving up on a substantial position. I think the indications from the lead up announcements have been very clear but we are in a time of instant gratification and now money is all short term.

Volume remains at almost zero. I guess positions prior to news have been filled and only forced sellers and glory seeker sellers remain. I certainly have all mine and will wait out to sell some into the rise following the scheduled news. The JV company will have addressed some of the debt to both partners and the banks from the current profits; that will give us a clear window to construction at Tavsan. The share price is crazy but it's where we are.

Levis. Are they selling. Very hard to tell really; volumes are tiny just a handful of trades each day. Often buys and sells below the mid. A few sellers is not the issue it's the lack of volume buyers that keeps the share range bound. People will always sell; people will always make poor decisions and will display poor timing that's the way it is. My main concern is the lack of liquidity as with such low volumes the market will struggle to maintain balance once the realisation dawns. Not long before we all know.

I would suspect that if ever there were a time to sell it would not be now. Share price is very low, news is pending and all the signs are strong that the news will add value.

The feasibility study has cash cost at $588-611. At the current gold price it's about $600. That includes all the on site, off site and royalty payments. I suspect that they will do better than that.