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Ariana Resources – deal still on... but delayed for up to a month

By Nigel Somerville | Friday 14 February 2020


Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


AIM-listed Turkish gold-miner Ariana Resources (AAU) has announced that due diligence regarding its proposed part-sale of the Kiziltepe and Salinbas gold projects for $30 million is still underway, and that the parties have agreed a one month extension to complete due diligence. So the good news is that the deal is still on, but we will have to wait another month before it is confirmed (or not!)...

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