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Tuesday 13 November 2018 | ShareProphets: The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares


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Ariana – Q3 results from Kiziltepe: still a buy as big cashflow edges closer

2018-11-12 03:35:09

Last month we had the Q3 preliminary report from Kiziltepe and this morning AIM-listed Turkish gold producer and explorer Ariana (AAU) offered up fuller numbers on operations at Kiziltepe where Ariana has a half-share in the gold production for the Red Rabbit project in Turkey. We already knew they’d had a blow-out of a quarter (see HERE) but the numbers show just how well it is going.

Ariana Resources – follows smashing production guidance with positive exploration news, still a buy

2018-10-19 07:50:27

Early this week we wrote positively on Q3 preliminary production results from Ariana Resources (AAU), concluding that the current production potential and clear exploration potential together with a now rising gold price made it look like a nil brainer at the then 1.25p offer price. Now an “Excellent results from Salinbas” announcement…

Ariana – more exploration results from Salinbas: still a buy

2018-10-17 14:38:45

AIM-listed Turkish gold miner Ariana (AAU) has this morning updated the market on exploration from Salinbas – part of the Hot Gold Corridor in Eastern Turkey. Having reaffirmed my view that this stock is a buy based on production news the other side of the country, it is pleasing to see share shares respond even if it is this morning’s news which did the trick, rather than my devilish analysis! The shares, having been 1.25p to buy, are now 1.45p to buy...

Ariana Resources – Q3 preliminary production results suggest set to smash guidance, Buy

2018-10-17 07:20:00

Ariana Resources (AAU) has announced preliminary Q3 production results showing another quarterly record and including “our production guidance for the year is now likely to be exceeded by some margin”

Ariana Resources – gold production hits a new high: BUY

2018-10-16 07:16:21

AIM-listed Turkish gold miner Ariana Resources (AAU) has again announced record gold production from its joint-venture Kiziltepe plant, part of the Red Rabbit project, during its third quarter this year. Production is up to 7,588 ounces of gold (plus 70,346 oz of silver) for Q3 to bring the total for the year so far to 19,625 oz – as against the guidance of 20,000 oz for the full year. Way to go! If they keep that up, the total for the year will be in excess of 27,000 oz – a classic case of underpromising and overdelivering.

Ariana Resources – with production & exploration advancing, remains a buy

2018-10-05 07:15:00

Ariana Resources (AAU) has announced results for the first half of 2018, including emphasising “production for the year is expected to exceed initial expectations in the second half” and “we are now in the process of committing to a 4,000m RC and diamond drilling programme across certain projects during the remaining 2018 through to 2019 period”

Ariana – interims show continued improvement: BUY

2018-09-29 06:03:02

AIM-listed gold miner Ariana (AAU) left it until deadline day to produce its interims results (boo, hiss) but the numbers and statement offer plenty to cheer shareholders. For starters, the joint venture gold plant at Kizitepe clocked up £1.1 million of profits for Ariana in the six months to June, which compares well to the £1.8 million for the whole of 2017, and gold production for the half-year (annual target 20,000 oz) came in at over 12,000 oz and a statement that second half production is expected to exceed initial expectations. So far, so good. Of course, profit is a matter of opinion….let’s look at the balance sheet and cashflow.

Ariana Resources – exploration yields further upside potential, still a buy

2018-09-19 10:15:36

Ariana Resources (AAU) has announced that, having recently completed a soil sampling programme at its Ivrindi project, “seven new highly anomalous targets (exceeding 1,000ppm As) were identified within the Ivrindi tenement. Five of the newly identified targets are semi-contiguous over 1.3km and directly along strike of the main mineralised structure at the Kinik prospect, suggesting that the mineralisation continues east of the historic easternmost drill hole”…

Month in review: August 2018

2018-09-01 09:02:28

After an influx of broker and tipster research in July, both broker and tipster activity decreased over the holiday period. That being said,Stockomendation still tracked over 1,200 tips in August, contributed by 19 brokers and 36 professional tipsters. Tip activity in August represented an increase of 57% on the number of tips tracked during the same period last year.

Ariana – weak gold, Turkey problems but still a buy

2018-08-27 12:56:35

AIM-listed Turkish gold producer Ariana (AAU) released the quarterly update of its Red Rabbit joint-venture at Kiziltepe a week and a half ago. We had already been told that gold production had shot the lights out, but the update filled in the detail and it was all good. Meanwhile the gold price has been sliding and Turkey is in some considerable bother which is not good. But on balance I reckon the shares are still a buy.  

Ariana Resources – cash flowing from Kiziltepe, a Buy

2018-08-19 12:28:16

Ariana Resources (AAU) has updated on performance from the Kiziltepe mine joint venture, emphasising “strong operational cash flow and “we remain fully on track to deliver on our production guidance for the year”

Ariana – Does Turkish Lira crisis means stance is downgraded? Er, NO!

2018-08-14 08:44:55

I have been an avid supporter of AIM-listed gold miner Ariana Resources (AAU) for a long time and have been advocating buying the shares since recommending them last February, as production approached. I like the company, I like head-hocho Kerim Sener who is, in my view, an exception on AIM in that he is straight and I think the news from the company’s joint venture mine at Kiziltepe has been exemplary. In particular, in the wake of the production update last month for Q2, I had been looking forward with some considerable excitement to the full results of that period. But we have a crisis in Turkey: is it a concern?

Ariana Resources – Q2 production smashes expectations, more share price upside

2018-07-13 07:11:26

Ariana Resources (AAU) has announced quarter ended 30th June preliminary production results from its Kiziltepe joint venture, including the company’s Managing Director Kerim Sener emphasising “the results of the past quarter are our best to date, outperforming overall quarterly feasibility-study expectations by 92%”

Ariana – cracking update from Kiziltepe: buy

2018-07-11 10:00:16

AIM-listed Turkish gold producer and explorer Ariana Resources (AAU) announced its second quarter production numbers from its JV Kiziltepe mine this morning, and the numbers blew me away. With an annual target of 20,000 oz of gold production, it achieved 7,171 oz – a 47% increase quarter on quarter.

Ariana Resources – Salinbas JORC exploration target potential - BUY

2018-06-29 02:13:20

Ariana Resources (AAU) says that it “is pleased to announce a Joint Ore Reserves Committee Exploration Target for its Salinbas gold project… of up to 2.7Moz gold and 16.1Moz silver established in the Salinbas area, excluding current JORC Indicated and Inferred Resources of c.1Moz gold”. So what is such an ‘exploration target’ and what does it mean here?

Ariana Resources – positive Kizilcukur project update, remains a buy

2018-06-16 01:23:54

Ariana Resources (AAU) has announced latest work at its 100% owned Kizilcukur project “continues to highlight the potential for the project to become a satellite source of ore for the Kiziltepe mine”

Ariana – Kizilcukur news, still a buy

2018-06-14 05:48:29

AIM-listed Turkish gold play Ariana (AAU) has announced news of work at Kizilcukur, its wholly owned gold prospect 22km (but 50km by road) from its JV Kiziltepe mine. It is all very encouraging, if relatively minor.

Ariana – results: Good work, keep it up

2018-06-04 04:29:39

AIM-listed Turkish gold miner Ariana (AAU) has posted its FY17 results. As promised, there are some details of the Kiziltepe joint venture, the results got a clean audit (as opposed to last year which raised the need for more funding) and Ariana has offered the clearest indication yet of an end to dilutive placings. Overall, it makes a pretty happy read.

Ariana Resources – significant resource increase at Kepez prospect, Buy

2018-06-03 00:35:06

An announcement from Ariana Resources (AAU) emphasises “significant resource increase at Kepez prospect” (part of the 50% owned Red Rabbit joint venture) and includes “in addition, we believe there is scope to enhance this resource further”

Ariana – resource upgrade at Kepez, still a buy

2018-06-01 01:23:13

AIM-listed Turkish gold miner Ariana (AAU) yesterday announced a resource upgrade at its Kepez prospect, which forms part of the Red Rabbit joint venture which is producing gold from its Kiziltepe mine. 

Ariana Resources - increased production and sales, self-financing ahoy - BUY

2018-05-11 00:43:22

Ariana Resources (AAU) has announced increased production and sales and that “due to the strong operational cash flow from Kiziltepe, we have been receiving intercompany loan repayments from the JV”

Ariana – Q1 Kiziltepe quarterly report; still a buy

2018-05-09 07:47:44

AIM-listed Ariana Resources (AAU) released its quarterly report this morning for its joint venture mine at Kiziltepe in western Turkey. On the face of it the numbers were again good, although we had prior warning of that back on 16 April when the company released a preliminary production report for Q1. Today’s report fleshed that out a little.

UK Investor Show 2018 Video: Kerim Sener of Ariana Resources

2018-04-27 00:16:33

Kerim Sener is the founder and CEO of AIM listed gold producer and explorer Ariana Resources (AAU). He is one of the nicest and most honest guys on the market and I think Ariana shares are cheap. To see what he had to say at the UK Investor Show 2018 watch the video below. Enjoy!

Ariana – gold production update, still a buy - do the maths!

2018-04-16 06:08:27

AIM-listed Ariana Resources (AAU) served up a gold production update for its first quarter of 2018 (to the end of March). This is not the quarterly report for the period, which we are told is due in early May, so it is a little light on details but the production news is excellent.

Ariana – Tavsan resource update

2018-04-09 07:15:11

AIM-listed Ariana Resources (AAU) has offered an update on its gold resource at Tavsan, part of the Red Rabbit joint venture in Turkey which also includes the already producing Kiziltepe mine. There is plenty of good news.

Ariana Resources - cracking update shares unmoved...they will

2018-03-16 01:40:47

Under promise and over deliver is what every adviser tells every company listing on AIM. One might say that Ariana (AAU) has not kept to that script with perfection since it listed all those years ago back in the black and white era. But as we move though 2018 with the 50% owned Red Rabbit mine now operational Ariana is doing what it should as we saw in a cracking operational update this week.

Ariana – production guidance: good news

2018-03-13 03:27:00

AIM-listed Ariana Resources has released production guidance at its JV operation at Kiziltepe in Turkey for 2018. The big headline is that the forecast gold production has been upped to 20,000 oz, but there are a few more interesting nuggets to be found.

Ariana Resources - company chat

2018-02-19 01:30:24

Following a company chat with Ariana Resources (AAU), I thought I would report back on a few things which came up...

Ariana – Kiziltepe update: good news, buy

2018-02-01 06:56:46

AIM-listed Ariana Resources (AAU) has delivered its Q4 update from its joint-venture Kiziltepe gold mine in Turkey. The news looks to me to be very good on several fronts.

Ariana – making some noise, still a buy

2018-01-13 07:29:36

There has been a fair amount of noise coming out of AIM-listed Ariana (AAU) lately. The back end of last year saw news from its self-styled Hot Gold Corridor and now the focus seems to be raising the flag for its Kiziltepe site, which has been in production for 9 months or so – and we are due the next quarterly report from that in the next week or two. Meanwhile the gold price has been strong of late, and Ariana’s share price has benefitted – although there is a way to go to get to the target of 2p.

Ariana Resources – further exploration success & cash-flow to support more

2017-12-08 05:20:00

Previously writing on Ariana Resources (AAU) last month it was latest exploration initial results see it “very excited”… and more to come. Now we have a Further Gold Discovery at Salinbas announcement…

Ariana – more (good) news

2017-12-07 08:35:05

Shares in AIM-listed Ariana Resources (AAU) have been a pain since I recommended them back in February. They duly motored north, only for the steam to be well and taken out by a placing. I still reckon there is excellent value here and continue to look for the 2p mark to be achieved (again).

Ariana Resources – latest exploration initial results see it “very excited”... and more to come

2017-11-15 02:00:00

Ariana Resources (AAU) has announced the completion of recent exploration across the ‘Hot Gold Corridor’ and within its 1 million ounce Salinbas gold project – and its “exploration team are very excited by these results”...

Buy Ariana at 1.3p - target 2.78p

2017-11-02 01:32:06

Maybe the target is a but on the full side but this is the house broker Beaufort talking so it is clearly not impartial. Its mining analyst, Sheldon, is a sensible fellow and the nine page report on Ariana Resources (AAU) is comprehensive. Just to keep Nigel Somerville happy...

Ariana Resources - an emerging gold production Buy

2017-10-25 00:20:53

Shares in Ariana Resources (AAU) have briefly exceeded 2p earlier this year, but are currently back below 1.5p despite a seemingly positive outlook for precious metals and a 50:50 joint venture in Turkey now an emerging producer - this week having already seen a production update from the company...

Buy Ariana Resources at 1.5p and at up to 1.55p with a target to sell of 2p+

2017-10-04 02:00:02

Declaration: We have tipped Ariana Resources (AAU)  before, helping our readers to bank offer to bid gains of 72% in one year. This time we are looking for a far more rapid re-rating. Our readers at HotStockRockets enjoyed this tip at a 1.45p offer but the shares - at a 1.5p offer are still a buy. Here's why....

Gold and Silver moving north: Ariana taking comfort as it announces initial Hot Gold Corridor exploration

2017-09-08 01:02:26

AIM-listed Ariana (AAU) has announced completion of an initial exploration at its Hot Gold Corridor  in north-eastern Turkey. Full marks for the name of the prospect! You can read the technical stuff of the RNS HERE, but essentially it sounds as though they think they’ve got some good readings for from copper, lead and zinc readings which leads them to expect to find gold and silver and targets which are already being generated from detailed mapping.

Ariana – gold price, production news and share price

2017-08-13 05:27:15

After my mea culpa of June 20th we have had further news. It has taken a bit of time to digest, but overall it looks positive to me, if rather laced with jam-tomorrow. With the share price finally off its low point of just 1.25p, let’s look through the detail.

Ariana – Placing/Subscription/Director Participation, £2m at 1.3p- did I goof?

2017-06-20 01:15:42

Well that solves that: a big placing and a very disappointing 1.3p price tag to boot. So what to do now? 

Ariana remains a buy after resource update

2017-05-04 00:05:20

I recently wrote a piece HERE expressing my surprise that the share price of Ariana Resources (AAU) had failed to react positively to good news, so it probably shouldn’t have come as a surprise that a decent update on its resource actually resulted in the share price closing slightly lower.

Surprising lack of interest in Ariana

2017-04-26 01:33:15

Given that the company is now producing gold, I’ve been somewhat surprised by the lacklustre response that the market has given Ariana Resources (AAU) since that news came.

Video: Michael de Villiers, Executive Chairman of Ariana Resources, presents at UK Investor Show 2017

2017-04-21 01:53:18

In this video from the storming success that was the 2017 UK Investor Show, Michael de Villiers, Executive Chairman of Ariana Resources (AAU), is at the podium. And make sure that you keep April 21 2018 free for next year's UK Investor Show.

Ariana – tip update: production, rising gold, shares down. What?

2017-04-16 01:50:03

I suggested that AIM-listed gold (then) explorer and now producer was a buy a couple of months back as we awaited the commencement of production. At the time the spread was 1.7-1.85p per share and they duly headed north as the final bits of paper arrived and the first pour was announced, only for the shares to fall away again. Meanwhile the gold price has been a one-way ticket north. I’m very puzzled - what is going on? With humble apologies for the performance thus far…I still reckon it is a buy and here is why.

Ariana – landmark first gold/silver pour at Kiziltepe

2017-03-26 01:58:38

AIM-listed gold and silver in Turkey play Ariana Resources (AAU) has announced the first gold/silver pour at its new joint venture Kiziltepe plant in Turkey. It has been a long road but this marks the moment when Ariana completes the transition from explorer to producer – cracking news for head honcho Kerim Sener and his team. So what now?

Ariana – more to come as we await final sign-off for production

2017-02-26 03:50:52

I marked out Turkey-base gold/silver soon-to-be producer AIM-listed Ariana (AAU) as a buy a couple of weeks back at 1.85p bid. Construction at the Kiziltepe facility was almost complete and the company had indicated that a weather window allowing the last bits to be finished had opened up. The RNS duly followed. Now we await word of technical sign-off of the tailing dam, Ministry sign-off and then a local government operations permit and it is all go.  Meanwhile we have had exploration news from Tavsan suggesting significant resource growth potential.

Ariana – company chat clearing up a few misunderstandings

2017-02-16 06:10:42

I said at the weekend that having several times met Kerim Sener, MD at AIM-listed Ariana Resources (AAU), I felt that he was the exception to prove Mark Twain’s rule. In recommending Ariana (1.85p on the offer at the time, so I’m happy to see the shares now on a spread of 2p -  2.15p) my view was that plant completion, production and therefore cashflow were imminent. We’ve had the completion RNS and we now await the paperwork to allow everything to roll. But who gets first dibs at the bunce?

Ariana – good news: construction complete. Now for paperwork….

2017-02-14 07:21:23

Great stuff this morning from AIM-listed Ariana (AAU). The last bits of work to get the mining plant at Kiziltepe were indeed completed during the 10-day window of improved weather as previously indicated by the company, and as I had speculated at the weekend. Red Rabbit is ready to roll - now it is down to the final paperwork trail and then it is all systems go. The transition from pie-in-the-sky explorer to gold/silver production and cash-flow is almost complete.

Ariana – a buy as we await that production RNS

2017-02-12 04:28:39

Ariana Resources (AAU) is on the cusp of announcing the commencement of gold and silver production from its Kiziltepe mine, part of the Red Rabbit project in Turkey. But for recent extreme weather conditions it would be there already, but the signs are that the big news of final completion and the move to production are imminent and I expect the shares to react positively when the RNS is finally released containing the word “production”.

Gold miners like Ariana should benefit from market turmoil

2016-06-12 07:26:28

With plenty of turmoil in economies around the world, precious metals look set to show continued strength, particularly when it comes to gold.

Video: Kerim Sener of Ariana Resources at UK Investor Show

2016-05-12 00:49:42

I believe shares in Ariana Resources (AAU) are cheap and am happy to hold. Indeed we bought more after the UK Investor show. See what you think as Kerim Sener presents.

Ariana Resources……..We Know it’s a Gold Mine But Did you Know It’s a Silver Mine?

2016-04-29 03:23:49

HotStockRockets predicts a bright future for Ariana’Resources (AAU) share price, despite recently telling readers to take profits, the hot share tippers expect Ariana to reach 2p or thereabouts leading up to and around the time of Ariana’s first pour of production in the second half of this year. That is too cautious, perhaps why I know TW has not sold his personal holding!

Ariana Resources - great news but we are taking profits

2016-04-26 03:44:18

Our site is about short term movements and so oddly - having tipped Ariana (AAU) at a 0.9p offer we advised banking gains at 1.55p to sell. An almost 70% offer to bid gain is not too shabby is it?

Ariana serves up more good news - we are getting there

2016-04-15 03:08:42

Ariana Resources (AAU) has updated on an “increasingly active” rate of mine construction and its target for production in the second half of 2016.

More good news from Ariana

2016-03-18 08:37:45

Ariana Resources (AAU) has followed a recent announcement of a doubling of the resource estimate for its Kizilcukur project with news that a “recent drilling programme at Kepez West has confirmed the presence of a significant mineralised system”.

Ariana Resources at 0.95p worth 2.79p?

2016-02-25 04:33:38

The research note making this suggestion comes from the house broker so treat it with a bucket of salt. Having said that, mining analyst Sheldon Modeland is no idiot and I also happen to think that shares in gold junior Ariana Resources (AAU) are cheap and thus in that vein (pun geddit?)

Ariana drilling results - getting there: buy

2016-02-03 07:08:02

Ariana Resources (AAU) has announced drilling results supporting the potential for further mineralisation in the Arzu vein system of the Kiziltepe part of its Red Rabbit gold project joint venture and helping inform advanced scheduling before “open-pit mining currently planned to commence ahead of the summer”.

Ariana Resources drill news, good news

2016-01-20 07:45:03

Ariana Resources (AAU) has announced drilling results “which demonstrate the potential of the Kizilcukur project to contain a resource that may become a higher-grade satellite operation to the Kiziltepe mine, which is in construction”

Zak Mir's Great Request Show: Ariana Resources, Devro, Redt Energy

2016-01-14 04:47:47

If you want me to analyse a stock for you just drop me a line at [email protected] - Today I look at shares in Ariana Resources (AAU), Devro (DVO) and Redt Energy (RED) setting share price targets for all three stocks.

Video: Ariana Resources presents at Gold & Bears - November 28 2015

2015-12-11 01:13:33

And now it is my friend Kerim Sener of Ariana Resources (AAU) presenting at Gold & Bears. For what its worth I reckon that its shares are very cheap. Enjoy

Turkish Delight: Ariana Resources Impresses Visitors with latest FAM Trip

2015-10-29 04:50:36

Ariana Resources (AAU), the soon to be gold producer, played host the other weekend to a group of investors, analysts and mining consultants, who made the journey to the Red Rabbit gold project, located nearby the town of Sındırgı, about a three hour drive north east of Izmir.

Ariana prepares for production

2015-08-24 00:10:49

Shares in AIM-quoted Turkish gold and copper play Ariana Resources (AAU) have come off the boil since the company won permission from the authorities to proceed with its 232,000-oz. Kizilktepe project in the west of the country. Ariana is choosing the final mining contractor for the project and is negotiating on plant components with local suppliers, having secured a $33 million (£21 million) construction facility from Turkish banking group Turkiye Finans Katalim Bankasi, but its long out-of-favour shares, having rallied from a barely visible 0.75p to 1.35p last month, have fallen back to a price of 0.9p.

Ariana - more progress at Red Rabbit

2015-08-09 05:46:19

Ariana Resources (AAU) has updated investors on progress towards production at the Red Rabbit gold project in western Turkey, with the project “now clear to proceed in to construction”.

Ariana, another positive update from Turkey

2015-07-26 10:52:03

Ariana Resources (AAU) has updated investors that further exploration work at the Red Rabbit project in western Turkey is continuing to identify new zones of resource potential.

SP Angel Morning Mining Note: Ariana Resources, Goldplat, Mwana Africa, Petropavlovsk and Shanta Gold

2015-07-21 04:15:49

John Meyer of SP Angel this morning comments on Ariana Resources (AAU), Goldplat (GDP), Mwana Africa (MWA), Petropavlovsk (POG) and Shanta Gold (SHG) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond. 

Ariana Resources: Red Rabbit, another big hop forward

2015-07-12 07:13:41

Ariana Resources (AAU) has announced “particularly significant progress on the critical path to construction” of the Red Rabbit joint venture mine at Kiziltepe, including more than 95% of the surface rights for the project now secured and as “other project development work is continuing at pace”.

SP Angel Morning Mining Note: Ariana Resources, Caledonia Mining, Medusa Mining, North River Resources and Vast Resources

2015-07-07 02:31:08

John Meyer of SP Angel this morning comments on Ariana Resources (AAU), Caledonia Mining (CMCL), Medusa Mining (MML), North River Resources (NRRP) and Vast Resources (VAST) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond. 

Video Kerim Sener of Ariana Resources at ZaksTradersCafe

2015-06-23 03:54:48

Kerim Sener of AIM listed Ariana Resources (AAU) popped into present at the new event organised by the Sith Lord Zak Mir last night.I have always liked Kerim and also think Ariana shares are cheap.Anyhow, here is a video of his presentation.

Ariana beware of analysts - I expect my shares to almost treble!

2015-06-09 03:11:32

It’s been a busy few days for Ariana Resources (AAU), the Anglo-Turkish gold mine developer. A certain mining analyst who has the hump with Ariana, recently upgraded his assessment of the company from “Sell” to “Hold” following the news last week that Ariana had received its forestry permit approval, paving the way for the company to make the transition from exploration to producer. Within 12 months all being well, Ariana will become Turkey’s next gold producer.

Ariana Forestry Permit Received - all systems go

2015-06-05 03:59:37

Ariana Resources (AAU) has announced that it has received confirmation that the Prime Ministry in Turkey has formally approved its application for the Red Rabbit gold project and that the Department of Forestry & Water Affairs has approved permits subject to the payment of statutory fees.

Ariana poised to build mine - shares could rally further

2015-06-03 05:48:36

Shares in long-term AIM dog Ariana Resources (AAU) have bounced strongly now that the company has finally received formal approval from the Turkish government to proceed with its flagship Red Rabbit gold and silver project, holding a currently estimated 475,000 oz. of gold equivalent in the west of the country. Though still 90% below their 2005 float price of 12p, Ariana shares at 1.19p are more than 50% up from a 0.75p 12-month low, following the formal approval by the Prime Minister’s office in Ankara of a crucial forestry permit for the project.

SP Angel Morning Mining Note; Ariana Resources, Conroy Gold & Natural Resources, Ferrex, Horizonte Minerals & Savannah Resources

2015-06-03 02:37:08

John Meyer of SP Angel this morning comments on Ariana Resources (AAU), Conroy Gold & Natural Resources (CGNR), Ferrex (FRX), Horizonte Minerals (HZM) & Savannah Resources (SAV), as well as the news that is shaping global mining and the AIM mining pond. 

Buy Ariana Resources at 0.95p – target 1.3p to sell PDQ

2015-05-01 05:25:20

Like all small gold explorers Ariana Resources (AAU) has been a complete dog of an investment but at 0.95p to buy we think it will bounce and is a very attractive trade. And there are three reasons why.

SP Angel Morning Mining Note: Ariana (round 3), Amara, Hummingbird, Kefi and more

2015-04-07 04:58:06

Here goes for round three of the raging debate on Ariana Resources (AAU) and chief chearleader for the bears is John Meyer of SP Angel who lets rip in today's note. Apparently Arianas new prospect is in the "hookers capital of Turkey" - when's the journalists field trip? Meyer also comments on Kefi, Amara, Hummingbird as well as a detailed macro view on the news that is shaping global mining and the AIM mining pond

Ariana in project sale discussions

2015-04-03 04:56:04

Turkish gold explorer and AIM dog Ariana Resources (AAU) is  talking to several ‘Turkish conglomerates’ about selling all or part of its jointly-owned Salinbas project in the country’s north-eastern Artvin Province, as the AIM-quoted company awaits delayed final permits for its $31 million (£21 million) Kiziltepe project holding an estimated 230,000 oz. in western Turkey. Managing director Kerim Sener says Ariana, with 49% of Salinbas, and its 51% project partner, Toronto-quoted Eldorado Gold, have been hawking Salinbas around for six months and held ‘preliminary discussions’ last week with a local company.

Ariana Resources :The Sale of Salinbas & Potential Massive Cash Windfall of $17 million

2015-04-02 01:20:23

Ariana Resources (AAU), the Turkish focused near term gold miner yesterday announced the results of the scoping study for its 49% owned Salinbas JV gold project it is currently developing with Eldorado Gold (TSX:ELD). Essentially, Salinbas contains 648,900 ounces of gold, 493,300 ounces in the inferred category and 155,500 in the indicated category, the resource is JORC classified. 

SP Angel Morning Mining Note - Ariana, Solgold & Kefi

2015-04-01 03:41:41

John Meyer does not hold back with a withering assessment of Ariana Resources. Today's morning mining note from John and his colleagues at SP Angel also covers Kefi and Solgold as well as a detailed macro view on the news that is shaping global mining and the AIM mining pond. 

Ariana Resources - An AIM company that is not taking the piss

2014-12-04 07:10:31

There are very few AIM listed near term gold producers that have assets located in a stable proven gold producing jurisdiction, that have funding in place to build a mine and where the asset the company is sitting on is as lower a risk exploration play as an investor could possibly get and where the board is both highly qualified and not taking the piss out of its shareholders. Let’s talk Ariana Resources (AAU).

Ariana poised for permit

2014-10-07 11:54:54

Dr. Kerim Sener, the dogged managing director of unloved Ariana Resources (AAU), says the company could have its key Red Rabbit gold project in western Turkey in production by next July or August following the expected award ‘any time now’ of a long-awaited forestry permit from the authorities. According to Sener, the AIM-quoted company, which clinched a $33 million (£20.6 million) financing deal in July with local bank Turkiye Finans Katilim after winning a $2.2 million mix of government tax and investment incentives, expects Red Rabbit could generate annual cash flow of $10 million, split evenly between Ariana and its partner, local construction group Proccea, for eight years, while also offering significant exploration possibilities around existing deposits.

Turkish Mining: Recent Transaction & Permit News Exciting Investors - ref Ariana

2014-10-04 08:27:57

The Turkish mining sector has been growing steadily over the past ten years experiencing average year on year growth of 11%. The election of President Erdoğan on the 10th August this year provides certainty over the political direction of the country that has witnessed decent GDP growth of 5.2% each year on average between 2002 and 2011 and 4% growth in 2013. 

Ariana at 1.08p worth 1.9p to 2.67p says Edison

2014-08-09 22:08:24

Convicted felon Champagne Charlie Gibson round at prostitute researcher Edison reckons that Ariana Resources (AAU) shares – now 1.08p – are in fact worth at least 1.9p but possibly up to 2.67p. Okay, The Hon Charles may have a penchant for giving members of the working classes a damn good thrashing after he has driven back from the boozer totally sozzled but sometimes he is right. We tend to think that this may be one of those occasions. Hooray, champers and a spot of oik bashing all round.

Ariana prepares for production

2014-08-08 05:47:26

Long-term AIM pariah, Ariana Resources (AAU) can now work at last towards starting production in the middle of next year at its Kiziltepe gold and silver project in the Turkish region of western Anatolia. The London-based company, whose shares had fallen from a 2005 float price of 12p to 0.75p at one point in the past 12 months, has seen its price rally to 1.0-8p, for a stockmarket value of £6.9 million following the first drawdown of $236,000 under its recent $33 million (£19.4 million) credit agreement with international Turkish banking group, Turkiye Finans Katilim Bankjasi.

ShareProphets Tip of the Week: Buy Ariana Resources at a 1.25p offer

2014-08-03 13:17:51

Ariana Resources (AAU) was our ShareProphets share tip of the week at a 0.85p offer on 29th June. We predicted a 30% gain within weeks. The shares are now 1.1p bid which is a gain of 29%. Not bad eh? But we see upside of at least 25% more in the near term and so at a 1.25p offer we once again make it our share tip of the week. It is not too late to get on board.

Ariana – Already up on our 0.85p tip at 1.13p after one month – watch this and understand the real upside

2014-08-01 12:42:28

Ariana Resources (AAU) was our ShareProphets share tip of the week at a 0.85p offer on 29th June - HERE. Today the shares are at 1.05-1.20 – not bad for a month. As we predicted it would the company now has full, non-dilutive, funding for its Red Rabbit gold project in Turkey – that was announced yesterday. To understand how far this share will go watch this video of CEO Kerim Sener in action at the UK Investor Show.

Ariana & Proccea The Team Set to Build Turkey’s Next Gold Mine

2014-07-21 23:00:17

I have been spending some time in Turkey recently, visiting a place called Gaziantep, one of the oldest continuously inhabited cities in the world. Just 6o miles from Aleppo in Syria, Gaziantep is Turkey’s industrial powerhouse, its sixth most populous city and if you want to really experience what it is like doing business in Turkey, you just have to visit Gaziantep, least of which you experience some of the best baklava in the world. 

Ariana welcomes Turkish tax help

2014-07-01 07:29:52

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.

ShareProphets Tip of the Week: Buy Ariana Resources at a 0.85p offer

2014-06-29 13:15:24

Like most gold juniors Ariana Resources (AAU) has suffered a terrible few years in share price terms. The share price is down from 6.5p less than three years ago but a lot is changing. Now is the time to buy in. Why

Ariana Resources: genuinely building value? At 0.9p looks tempting...

2014-05-30 08:30:49

Ariana Resources (AAU) is not a company well known for its ability to keep deadlines. First scheduled production at the company’s Red Rabbit gold-silver project in western Turkey has been delayed several times over the years, but Ariana now claims it expects to reach this goal in H1 2015. Patience is bound to be wearing thin among long term shareholders, as they’ve watched the stock drift lower. The share price has been further restrained since last summer, after Ariana entered into an Equity Swap with Lanstead Capital. However, with new drilling exploration targets defined at Kiziltepe (part of Red Rabbit) and the mine commissioning process plodding along, is it time look at this stock as a medium term buy?

UK Investor Show 2014 video of Kerim Sener of Ariana Resources

2014-04-19 04:28:56

Direct from the Queen Elizabeth Conference Centre a video featuring a UK Investor Show 2014 presentation by Kerim Sener of gold company Ariana Resources (AAU)

Ariana Resources: a buy for the bold hearted

2014-02-21 15:06:49

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. 

Ariana at 1.08p is worth up to 3.45p says uber-posh convicted felon Charlie Gibson of Edison

2014-02-04 07:29:55

I guess that there was no site visit involved when uber posh Edison mining analyst Charlie Gibson prepared this note on Ariana Resources (AAU) suggesting that the shares (now 1.08p) are worth up to 3.43p. You may remember Charlie’s spot of bother with the drink driving and Policeman assaulting which we covered with great delight before Christmas HERE and which means that his movements these days are somewhat restricted.

Q&A with Kerim Sener of Ariana Resources

2013-11-07 17:09:19

I met up with Kerim Sener, the managing director of Ariana Resources (AAU) the other day and asked him a few questions about where his company was heading after more than eight years on AIM. 


Doc Holiday vs Mining Maven, LekOil vs Ariana Resources

2013-08-30 01:32:49

Our very own penny stock resources guru Doc Holiday has challenged our friends at Mining Maven to a share tipping contest.  Today is day four.  C’mon Doc:

Ariana at 1p worth 5.51p says Edison? You sure fellows?

2013-07-09 09:03:44

Do not get me wrong – I like Ariana (AAU) and think that the stock is cheap at 1p but the latest research from paid for researcher Edison is, er….complete crap.

Naughty Ariana!

2013-06-17 10:36:20

Michael Spriggs, the chairman of Ariana Resources (AAU), should be sent to bed without any supper! This morning Ariana updated the market about its equity swap with Lanstead Capital. This complicated deal is a variation on the SEDA arrangements AIM investors have come to know and love.

Ariana Resources: Drilling Update Good but not Good enough

2012-11-13 13:13:05

I recommended AIM listed Turkey based gold mine developer Ariana Resources (AAU) on in August 2011 at 4.5p. The shares are now 1.425p and so clearly I have not exactly covered myself in glory.  The company announced a detailed exploration update yesterday

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