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.
Dr. Kerim Sener, the mild-spoken geologist who runs Turkish gold hopeful Ariana Resources (AAU), is a patient man -- and the performance of his company’s shares since its AIM float in 2005 has tried the patience of many of its investors. He is now celebrating the award by the Ankara government of a range of fiscal incentives, estimated by Ariana to be worth more than $2 million (£1.2 million), as the company heads towards the long-awaited start of production in 2015 at a targeted annual rate of 21,000 oz. a year at Kiziltepe, a key part of its Red Rabbit gold and silver project in western Turkey.
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