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Ariana – storming news from left field: sell a little at 2.5p if you want but 4p here we come!

By Nigel Somerville | Tuesday 26 November 2019


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.


All of a sudden the talk with AIM-listed Ariana Resources (AAU) is no longer about placings, but big payouts as out of left field yesterday came an announcement that things have suddenly hotted up for its gold projects in Turkey: on the table are proposals to sell part of its Salinbas and Kiziltepe/Red Rabbit projects and for it to bag $30 million – but if the proposal goes through Ariana will still be left with 23.5% of the combined outfits. It is perhaps too early for the party poppers, as there are plenty of hoops to jump through ahead but by the end of February we should know whether Kerim Sener has pulled off a storming deal...

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