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Ariana Resources: a buy for the bold hearted

By Robert Tyerman | Friday 21 February 2014


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. 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.


If you had bought Turkish gold explorer Ariana Resources (AAU), when the company floated on AIM at 12p nine years ago, and still held today the chances are Kerim Sener (founder and managing director) would not be your favourite person. The shares now change hands at 0.9p. Last month, Ariana tapped the market and 25 per cent backer, investment group Lanstead Capital, at that lowly price for £770,000. 



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