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Ariana Resources – Tavsan EIA approval, further production now baked in: BUY

2021-10-17 17:37:58

Ariana Resources (AAU) has announced government approval of the Environmental Impact Assessment for the Tavsan project and that its joint venture is to “now proceed through the final permitting and construction phases”.


Ariana – Environmental Approval for Tavsan Gold/Silver Mine: another reason to buy

2021-10-14 09:54:30

AIM-listed Gold (and Silver) producer in Turkey, Ariana Resources (AAU) has announced this morning that the Turkish government has approved the Environmental Impact Assessment (EIA) report for the Tavsan Mine – to be Ariana’s second Gold/Silver producer. This is great news and the market has responded by marking the shares up early-doors by 11% although they have settled back to 4.45p since.


Ariana – Big Developments at Venus Minerals

2021-10-13 09:04:53

AIM-listed gold producer in Turkey, Ariana Resources (AAU), announced yesterday news of big developments at its 37.5% owned, rising to 50% later this year, investee Venus Minerals. Venus is on the cusp of signing up to a joint venture to bring the Apliki copper mine into production and plans to get its own listing in London for its shares by year-end – news of all of which was a pleasant surprise to me.


Ariana – Cyprus News from Venus

2021-10-06 14:36:16

AIM-listed Gold producer in Turkey, Ariana Resources (AAU), has announced news from Venus Minerals, in which it is has a 37.5% stake rising to 50% later this year, regarding drilling results from Kokkinoyia in Cyprus.


Ariana – First Investment by Asgaard…..Into Panther!

2021-09-30 15:17:25

This morning’s announcement from AIM-listed Ariana Resources (AAU) and Standard-listed Panther Metals (PALM) rather took me by surprise. Having understood that the two outfits, one with Kerim Sener as CEO, the other with him as Chairman, would not get intertwined, we learned this morning that Ariana is to invest, via a maiden investment by the Asgard Metals Fund, into Panther Metals Limited, the to-be-floated Australian wing of Panther Metals.


Ariana Resources – further positive intercepts at Kepez North, Buy

2021-09-18 19:12:28

Ariana Resources (AAU) is pleased to announce recent resource drilling results obtained from the Kepez North area of Kiziltepe, 23.5% owned by the company – emphasising that the area will provide Kiziltepe with a source of high-grade ore for blending with its current processing plant feedstock.


Ariana – More Drilling Results From Kepez North. They excite me if nobody else!

2021-09-17 15:20:16

AIM-listed Gold and Silver producer in Turkey, Ariana Resources plc (AAU), announced another round of drilling results from the Kepez North area at Kiziltepe yesterday and the numbers look very promising.


Ariana Resources – half-year production update, Buy but with new targets

2021-09-04 09:37:43

Ariana Resources (AAU) has announced a half-year production update for its 23.5%-owned joint venture Kiziltepe project in Turkey and said that during September it is expecting the full impact of plant expansion to begin to be seen. That sounds good.


Ariana – New Targets and The Great ShareProphets Duel!

2021-08-27 08:37:22

It was a fight to the death – well, not really for ShareProphets readers are far too civilised for that. In the blue corner we had Putneywill thinking that the massively long-awaited special dividend from Ariana Resources (AAU) would see the shares tick down by less than the dividend when it finally arrived. In the red corner we had Pierotlunaire arguing that it would not – and a bet ensued, with ShareProphets’ favourite charity Woodlarks the winner. The stats say there was a winner – but this is ShareProphets, where our readers operate by different standards, and it seems that in the end Woodlarks won one and a half times over.


Ariana Resources – dividend declaration and more to come, Buy

2021-08-22 16:44:45

Ariana Resources (AAU) has announced it will pay a dividend of 0.35p per share by 26th September, with further payments to then follow.


Ariana – Yet More Drilling Results!

2021-08-19 16:39:34

AIM-listed Gold and Silver producer in Turkey Ariana Resources (AAU) has released yet another round of drilling results – this time from the Karakavak area of the Kiziltepe sector. It does seem that the joint venture with Proccea and Ozaltin, of which Ariana owns 23.5%, is going flat out to prove up more resource for the Kiziltepe mine.


Ariana – Ouzo on Cornflakes Day as Dividend Declared (At Long Last): Hooray!

2021-08-18 08:49:48

AIM-listed Gold and Silver producer in Turkey, Ariana Resources (AAU) has finally declared the first part of the special dividend resulting from the part-sale of its Turkish assets to Ozaltin and Proccea as part of a three-way joint venture. This has been a painfully long time coming, but we now know that 0.35p per share will be paid up by 26 September, with an ex-dividend date of 26 August (ie next Thursday).


Ariana – Yet More Drilling Results, Now From Arzu South: BUY

2021-08-17 08:29:10

Another day, another set of very promising drilling results from Gold and Silver miner in Turkey, Ariana Resources (AAU). This time it relates to Arzu South, the highest grade pit around the Kiziltepe processing plant, which was mined to depletion until the company started digging even lower only to find more gold. This is very good news.


Ariana Resources – encouraging Kiziltepe drilling results, Buy

2021-08-16 14:39:10

Ariana Resources (AAU) has announced further drilling results from the producing Kiziltepe part of its 23.5% owned joint venture, including that “multiple structures were intercepted at each tested point… what is immediately apparent from our latest understanding is that there is an area of not fully quantified resource potential”. Further promise then.


Ariana – Don’t Tell my Risk Management Compliance Officer…..

2021-08-13 11:48:25

In my update of Wednesday on AIM-listed Ariana Resources (AAU) and its latest drilling update I was kicking myself for not buying on Tuesday after the drop to just 4.4p – but still was sorely tempted at the then (mid-) price of 4.65p. My biggest issue, given that I already have far too many of these shares, is one of risk management although I am also very mindful of the current weakness of gold miners.


Ariana – More Drilling Results, This Time From Arzu Central: BUY, I will almost certainly be doing so

2021-08-11 09:45:58

Drat and double drat. There I was yesterday thinking that shares in AIM-listed Gold (and Silver) producer in Turkey Ariana Resources (AAU) were incredibly cheap at 4.4p and contemplating another purchase – but then other things got in the way and I didn’t add to my over-sized holding. And so today we got another round of drilling results, this time from Arzu Central,  and the stock is up 6% to 4.65p. Somebody obviously likes the news…..


Ariana Resources – first-half production update, now well set

2021-07-30 13:00:21

Ariana Resources (AAU) “is pleased to announce its half-year 2021 production update for its joint venture Kiziltepe Mine” (Ariana: 23.5%) in Turkey. So what makes it ‘pleasing’?


Ariana – H1 2021 Gold Production Update

2021-07-27 08:19:19

AIM-listed Gold producer in Turkey Ariana Resources (AAU) has this morning updated the market on Gold production from its 23.5%-owned Kiziltpe plant. The numbers aren’t all that great, but we knew that already as lower grade ore is being processed at the moment, but the accompanying update on the plant capacity expansion offers much hope.


Ariana Resources – significantly increased Kepez North resource & dividend plan, more to come

2021-07-24 06:48:40

Ariana Resources (AAU) has made a “Significant Resource Update: Kepez North”-titled announcement and also is “exceptionally pleased to be able to announce the details of the company's dividend distribution plan”. Should investors be also?


Ariana – Resource Upgrade at Kepez North

2021-07-21 09:03:39

Following yesterday’s news on the special dividend, AIM-listed Gold (and Silver) producer in Turkey, Ariana Resources (AAU), has this morning offered up a resource upgrade at the Kepez North pit which lies approximately 10 miles by road from the Kiziltepe gold plant. And the news is good!


Ariana – Special Dividend Announced (hooray!) Where now for the shares?

2021-07-20 09:53:21

AIM-listed Gold producer in Turkey, Ariana (AAU), has done very well over the past couple of years and shareholders now find themselves on the cusp of a decent payday. The long-awaited Special Dividend has been announced – in three tranches – for a total of 0.7p per share (as long-predicted on these pages), with the first payment of 0.35p per share due during Q3 and the balance during the coming year. Hooray and double hooray: it has taken some time, but CEO Kerim Sener has delivered. So where now for the shares?


Ariana – New Dragon’s Den Venture

2021-07-13 09:12:05

AIM-listed Gold (and Silver) producer in Turkey Ariana Resources (AAU) has announced a new venture in the form of a Discovery Fund, through which an initial A$ 2 million will be invested into discovery-stage mineral exploration in lumps of up to A$ 0.5 million at a time.


Ariana Resources – Cyprus drilling results add to exploration potential, Buy

2021-07-10 08:16:08

Ariana Resources (AAU) has announced drilling results obtained from the Kokkinoyia sector of the Magellan project in Cyprus, emphasising “the average grade across the whole length of the mineralised zone in this first hole demonstrates economically significant levels of copper and gold accumulation”. This is particularly good news as the current Kokkinoyia JORC Resource Estimate is just for copper – c.5Mt at 0.7% Cu for 36,000t Cu ('Inferred').


Ariana – More Drilling Results, This Time From Cyprus

2021-07-08 10:19:35

Yesterday saw more good news from AIM-listed Gold-producer in Turkey Ariana Resources (AAU) in the form of another round of drilling results, this time from Cyprus.


Ariana Resources – positive drilling & capital reduction progress, Buy...

2021-07-05 16:28:48

Ariana Resources (AAU) has announced completion of capital reduction proceedings and “excellent Kepez North drilling results”. What’s the detail and import?...


Ariana: Completion of Court Proceedings - Time to Wield the Cheque Book as More Drilling Results Land

2021-06-30 08:08:47

AIM-listed gold-producer in Turkey, Ariana Resources (AAU), has announced the completion of court proceedings in relation to its capital reorganisation which now allows it to pay dividends and buy back its own shares. This has been a very long time coming and we are finally there - hooray!


Ariana Resources – results delay but positive operational news, Buy

2021-06-28 16:59:29

Ariana Resources (AAU) has announced that its annual report is now expected next month “due to delays experienced as a result of continuing restrictions on travel to and within Turkey”, but that it is also now pleased to update the market on its operations...


Ariana – Excuses For Late Accounts but Timetable for Dividend Pay-out Looks Set

2021-06-24 13:44:59

AIM-listed gold and silver producer in Turkey, Ariana Resources (AAU), offered up its excuses for the late publication of its FY20 accounts (now expected in July) due to Covid restrictions. We’ve all got excuses……but the announcement suggests that the long-awaited special dividend is likely to arrive in August. I can’t wait!


Ariana – more very positive drilling results

2021-06-23 14:12:25

AIM-listed Gold and Silver producer in Turkey, Ariana Resources (AAU) has announced another strong set of drilling results, this time from its supposedly lower grade Derya pit.


Ariana – Eastern Europe News: BUY

2021-06-01 08:36:32

AIM-listed Gold producer in Turkey Ariana Resources (AAU) has updated the market on plans in Eastern Europe this morning. The company is to take a 75% in Western Tethyan Resources, and has committed to spending at least EUR 100,000 on exploration during the rest of 2021.


Ariana – Time to get the Ouzo on ice

2021-05-25 09:40:14

Good news arrived this morning from AIM-listed Ariana Resources (AAU), the Gold (and Silver) producer in Turkey, as the dates for the Court hearings to reorganise Ariana’s share capital to allow the payment of dividends have come through. Hooray!


Ariana – More Drilling Results bode well for Kiziltepe

2021-05-18 11:02:50

AIM-listed Gold-producer in Turkey Ariana Resources (AAU) has updated the market this morning with another round of drilling results, this time from the Banu area of the Kiziltepe mine which lies to the south-west of Arzu South.


Ariana – Thinking through the ifs and buts of a sum-of-the-parts valuation

2021-05-09 08:41:20

With the price of the yellow metal showing an improvement, having risen by the best part of $150 per oz since the March double bottom to reach $1831 at Friday’s close, the renewed enthusiasm has been reflected generally in gold stocks. And that includes AIM-listed Ariana Resources (AAU) which is now riding high at 5.2p. But my target is 7.5p.


Ariana – Turkey calls Covid lockdown: Don't panic Corporal Jones!

2021-04-30 08:42:29

I was concerned to read yesterday that Turkey has been suffering Covid-19 to the point that a full lockdown has been called. So does that affect AIM-listed Gold producer Ariana Resources (AAU) in any way? After all, a production shutdown would be a serious blow.


Ariana – Arzu North Drilling Results: Great Stuff, keep buying!

2021-04-29 14:52:04

AIM-listed Gold-miner in Turkey Ariana Resources (AAU) has announced drilling results from the Arzu North area which is currently feeding the producing Kiziltepe mine owned by the three-way joint venture (alongside Proccea and Ozaltin) and the numbers look pretty good.


Ariana – Court Moves (or not….!) but the shares remain a BUY as we still await that Special Dividend

2021-04-20 15:09:11

We seem to have been waiting for an eternity for the long-promised special dividend from AIM-listed Ariana Resources (AAU). At first there was due diligence, then Covid and now we are waiting for Ariana’s application to the Court to restructure its capital so as to allow the special dividend to go ahead….which has also been slowed by Covid. The company updated today:


Ariana – Waiting and waiting….

2021-04-16 09:51:09

We are still waiting for news on that long-promised special dividend from AIM-listed Ariana Resources (AAU) resulting from the now completed corporate action under which the company sold off a large share of its Turkish assets to a three-way joint venture (including itself) to leave Ariana with a 23.5% share in the Red Rabbit project, with its gold-producing Kiziltepe plant, and the potentially much larger Salinbas project in Eastern Turkey. So has it all gone wrong? Er…


Ariana – A Reader Asks……

2021-04-04 09:21:39

ShareProphets reader P asks about the position in Turkey with regard to the recent sacking of Naci Agbal – the third Turkish Central Bank governor to be shown the door in less than two years which caused another hefty drop in the Turkish Lira, reports of Turkish jewellers being required to deposit their gold at the central bank and wonders whether there may be a danger of gold confiscation or nationalisation. This, in relation to a holding in AIM-listed gold-producer in Turkey, Ariana Resources (AAU).


Ariana – CEO Kerim Sener piles in for shares…..follow the man!

2021-03-19 12:00:21

AIM-listed gold producer in Turkey Ariana Resources (AAU) this morning announced that its CEO, Kerim Sener, has been buying shares – 582,000 of them – and why not, for the company is on the verge of declaring the long-awaited Special Dividend which I reckon will be around 0.7p. At approx. 4.9p a pop, that is £28,500 worth which is substantial enough to catch my interest, but there is another thing….


Ariana – Production guidance for 2021: read through the numbers and BUY!

2021-03-15 11:09:45

AIM-listed gold producer in Turkey Ariana Resources (AAU) has offered up production guidance for its part-owned Kiziltepe plant as part of the three-way joint venture with Proccea and Ozaltin. We are promised 19,000 oz of gold this year, but read through the numbers and the future looks bright.


Ariana Resources – an initial 6.5p target price following recent news flow?...

2021-02-26 15:50:59

Ariana Resources (AAU) has recently announced completion of a transformational joint venture and the results of latest geochemical sampling and geological interpretation of the Arzu North area at Kiziltepe – emphasising that it suggests that significant mineral potential remains to be tested throughout the area...


Ariana – New “High Grade” Gold Identified at Arzu North; Panmure Updates.

2021-02-18 09:16:00

AIM-listed gold producer in Turkey Ariana Resources (AAU) has followed up yesterday’s big news that the corporate action to bring Ozaltin into its JV with Proccea has completed with exploration news from the Arzu North pit currently feeding its now 23.5%-owned Kiziltepe gold/silver refinery. And the news is good…….


Ariana – Ozaltin deal completes. Now, what to do with £25 million (that's alot of Ouzo...)

2021-02-17 08:58:40

AIM-listed gold producer in Turkey Ariana Resources (AAU) has announced completion of the corporate action bringing Ozaltin into its joint venture with Proccea, under which Ariana has reduced its ownership to 23.5% of its assets at and around its producing Kiziltepe plant and at Salinbas in Eastern Turkey in return for $37.75 million. It has taken over a year, but finally we are there. So what will Ariana spend the resulting £25 million on?


Ariana – General Meeting #2 called as Special Dividend comes into view: A Resounding BUY

2021-02-08 13:33:43

AIM-listed gold producer in Turkey, Ariana Resources (AAU) has taken another important step towards payment of the long-awaited special dividend in relation to the ongoing corporate action which brings Turkish outfit Ozaltin into its gold-producing joint venture with Proccea. Ariana is reducing its ownership in the JV to 23.5% from 50% and injecting its Salinbas project in return for a total of $37.75 million, with a promised special dividend for shareholders, but has an issue with distributable reserves which is to be addressed by a second General Meeting and a trip to the High Court. This morning, the Circular for General Meeting 2 was published.


Ariana – Turkey permits for Corporate Action

2021-01-19 14:42:26

A bit more good news from AIM-listed gold producer in Turkey Ariana Resources (AAU) this morning: the Turkish authorities have approved the proposed corporate action which brings Ozaltin into the current joint venture between Ariana and Proccea and will see Salinbas taken on as well.


Ariana Resources – production results and development and exploration advancing, Buy...

2021-01-14 08:12:30

Ariana Resources (AAU) has announced full-year 2020 production results and updated on progress as it advances development and exploration activities...


Ariana Resources – FY gold production numbers & "exciting" copper-gold potential...

2021-01-12 13:24:30

AIM-listed gold producer in Turkey, Ariana Resources (AAU) has released a 2020 Production Results and General Update RNS this morning. So did it make its 2020 target of 18,000 oz gold production from the joint venture Kiziltepe plant?


Ariana – Watch out for January Sales on Monday!

2021-01-09 10:56:24

Some time in the next week or so we should hear from AIM-listed Ariana (AAU) with another quarterly report from the Kiziltepe gold production plant in Turkey. Ordinarily I would suggest that it will come next week, but given the amount that is going on – especially with regard to the partial sale of assets to Ozaltin – Kerim Sener and his team might be forgiven if it takes a little longer. But with the stock having closed at just 5.05p in the middle on Friday, what news might we expect?


Ariana Resources – further progress re proposed partial disposals & exploration plans, Buy...

2020-12-18 10:21:59

Ariana Resources (AAU) has announced further progress on the proposed partial disposal of interests in Turkey and of exploration plans. It is all good news and good news not yet fully discounted in the share price.


Ariana: Progress on Ozaltin deal as GM is called and cash starts to roll in - Buy.

2020-12-14 14:39:32

AIM-listed Gold-producer Ariana Resources (AAU) has updated the market this morning on progress with the Ozaltin deal which will bring Ariana’s ownership of its Turkish assets to 23.5% and result in a nice tasty $37.75 million cashpile before taxes and costs. The deal is conditional on shareholder and Turkish government approvals and Ariana has now published a circular, with a GM due on December 30 – and there was a pleasant surprise.


Ariana Resources – Ozaltin deal confirmed, special dividend on the way. Buy...

2020-12-09 16:45:46

Ariana Resources (AAU) has announced the completion of conditional agreements on its joint venture and additional resources estimated for the Magellan project. The latter is the small copper gold play in Cyprus and that does not float our boat but the former is massive news, though not unexpected...


Ariana – Ozaltin Deal Conditional Agreement Completed, cracking news - last chance to buy?

2020-12-07 09:52:34

Cracking news this morning from AIM-listed Ariana Resources (AAU): the deal has finally been done to bring Ozaltin into the joint venture with Proccea and Ariana, subject to shareholder approvals at Ariana’s end and Turkish regulatory approvals. It has taken a fair old while, not helped by restrictions brought in as a result of Covid-19 but we are almost there now.


Ariana Resources – further sale agreement, further confidence on potential catalyst deal completing...

2020-12-04 16:31:01

Ariana Resources (AAU) “is pleased to announce the conditional agreement for the sale of its remaining projects in Turkey to Zenit” – and the shares have currently responded higher to 5.5p...


Ariana – sale of satellite gold projects

2020-12-02 09:15:33

Another little bit of good new today from AIM-listed Turkish gold-producer Ariana Resources (AAU) adds to the investment case here. It has agreed to sell the satellite projects around the Kiziltepe processing plant to the joint venture for $2 million, payable over 20 months, conditional on the completion of the dealt to bring Ozaltin into the joint venture currently involving Ariana and Proccea.


Ariana Resources – strong Q3, more upside to come...

2020-11-27 16:28:56

Despite “the quarter marked the end of production from the high-grade Arzu South open-pit”, Ariana Resources (AAU) “is pleased to announce its operating results for the quarter ended 30 September 2020 for the Kiziltepe Mine” (Ariana: 50%) – and the shares have responded higher...


Ariana Resources – Stonking Q3 Numbers

2020-11-23 11:52:39

We have more good news this morning from AIM-listed Turkish gold-miner Ariana Resources (AAU) in the form of the Q3 numbers from the Kiziltepe joint venture. The Gold price may still be in a correction, but Ariana’s shares are showing some strength and it is not hard to see why.


Ariana update: shares up, stance downgraded to strong hold

2020-11-09 11:38:26

I offered my view 10 days ago on AIM-listed Gold producer in Turkey Ariana Resources (AAU) as the shares drifted in the wake of the correction in Gold and gold stocks, and anticipated news on its proposed corporate action saw another delay. The stock was then 5.2p and I reckoned it was a buy once again, at up to 5.5p.


Ariana – Oh Ye of little faith! Stance Upgraded to BUY.

2020-10-30 13:20:53

We were promised news on AIM-listed Turkish Gold-producer Ariana (AAU) and its proposed corporate action involving Proccea and Ozaltin by the end of this month. At 7am there was nothing and the shares started to slide sharply, especially because CEO Kerim Sener has been selling shares. But fear not…..


Ariana – CEO selling millions of shares but all is not quite what it seems

2020-10-27 12:59:28

It was announced this morning that Kerim Sener, CEO of AIM-listed Turkish gold-producer Ariana Resources (AAU) has exercised 7 million options at 1.55p and sold five million shares at 5.9p, a further 1.5 million at 5.75p and his wife has sold a further 2.4 million at 5.75p. He subsequently bought 92,000 into his SIPP but that is a fair amount of selling. Should we follow the lead?


Photo Article - what to get the ex-wife for Christmas: Kerim Sener has the answer

2020-10-20 11:46:50

With the exception of me, are Ariana Resources (AAU) shareholders the geekiest geeks on this planet? Answers on a postcard to Nigel Somerville please. For it seems many of them want to wear Ariana branded T-shirts and thus the company is selling a range of clothes and other accessories with all profits given to local charities. And among the many items on sale HERE is one which is the ideal gift this Christmas for an ex wife, as you can see below.


Ariana – Q3 Kiziltepe preliminary production results, and increased throughput on the way...

2020-10-12 11:50:20

AIM-listed Turkish gold-producer Ariana Resources (AAU) has released its Q3 preliminary production results from Kiziltepe this morning and it seems to me that right now the company can do little wrong. The bad news (which we already knew) is that mining has shifted from the higher grade Arzu South pit to the lower grade Arzu North and Derya pits. But ore throughput at the plant hit a new record and plans to increase throughput are on the way...


Ariana Resources – ouzo at the ready: $35.75m incoming, half to be distributed (after tax and costs)

2020-09-29 12:11:58

That bottle of Ouzo was already on ice, but this morning we learned that partner of AIM-listed Ariana Resources (AAU), Proccea, is to pony up $5.75 million to Ariana for its proposed share in Salinbas to add to the $30 million we already knew about from proposed new partner Ozaltin under the new joint venture scheme currently on the table. Of course, anyone who listened to Tom Winnifrith’s interview with Ariana CEO Kerim Sener at our MineProphets online conference would have known there was more to come, but this morning’s news was a welcome surprise as to its magnitude...


Ariana – Cracking news from Arzu South

2020-09-02 12:17:50

We are still awaiting developments regarding AIM-listed Ariana’s proposed corporate action to bring Ozaltin into its Red Rabbit JV with Proccea along with Ariana’s wholly-owned Salinbas project in Eastern Turkey in return for $30 million, plus whatever Proccea ends up paying. We are told today that Ariana is focussed on finalising this in the coming weeks. While we wait, Ariana has popped up with some stonking drilling results from its Arzu South pit: it seems that there is more gold……


Ariana – Cracking Q2 numbers from Kiziltepe - 10p share price within months?

2020-08-27 09:01:52

AIM-listed Turkish gold-producer Ariana Resources (AAU) has released Q2 results from its first Turkish gold mine at Kiziltepe this morning, and the numbers look excellent. Of course, the real news I am awaiting is progress on the proposed corporate action to bring in Ozaltin and sell off chunks of its Turkish assets for $30 million, but this morning’s news does no harm to the proposition.


Ariana – Director Dealings: a sign to buy or sell?

2020-08-10 10:29:55

AIM-listed Turkish gold-miner Ariana Resources (AAU) has announced a series of director share transactions involving its Chairman, Mr Michael de Villiers. In theory, cashing in on 3 million options and then selling enough to pay the bills, as it appears, may not be much to write home about, but there is that corporate action deal which will involve a special dividend……


Ariana – Salinbas Upgade sees share price target hiked

2020-07-30 15:27:42

AIM-listed Turkish gold-producer Ariana offered up news this morning of a major resource upgrade at its (currently) wholly-owned Salinbas Project, where the global JORC resource had improved by 50% to 1.5 million ounces of gold. Good news for shareholders, and despite some share price slippage amongst gold-producers the shares were marked up to a peak of 5.7p before settling back to 5.4p, a gain of 6.9%.  And the news gets better……


Ariana Resources – FY19 results show great promise

2020-07-28 13:30:46

Don’t be fooled by the muted share price reaction to this morning’s FY19 results from AIM-listed Turkish gold-producer Ariana Resources (AAU) – that is more to do with the wobbles in the gold market overnight after the gold price shot up towards $2000 per oz and now it looks a little like the correction I was concerned about is starting to hit. Ariana’s FY19 numbers are excellent, but more to the point, with the gold price much higher than it was last year there is plenty to read between the lines...


Ariana – Tip Update, this will pay for a new roof at the Montana log cabin as the shares head past 10p

2020-07-25 09:05:16

Shares in Turkish gold-producer Ariana (AAU) closed 8.2% higher yesterday at 4.6p – the highest close for eight and a half years and breaking through a line of resistance at 4.25p which has been in place since mid-May. So is it a buy, sell or hold?


Ariana – MineProphets grilling by Tom Winnifrith underlines my bullishness

2020-07-19 14:13:40

Yesterday’s MineProphets show, with our intrepid host Tom Winnifrith, was a fantastic achievement. If you were too stingy to fork out three quid initially, you still can and see all the videos right through until Christmas, including Tom Winnifrith grilling Turkish gold producer AIM-listed Ariana Resources (AAU) head honcho Kerim Sener for an hour and a half. Yikes – what is there to discuss for an hour and a half with an AIM company with a market capitalisation of £43 million? Well, actually rather a lot…..


Ariana – Psst, I have a dirty little secret!

2020-07-14 15:32:05

Readers will know that I have gradually been top slicing my holding in AIM-listed Turkish gold miner Ariana Resources(AAU)  – not because it was no longer cheap, but because having seen the shares roofing it over the past couple of years my holding had simply become far too big. It has been an awkward time as a ShareProphets writer as we have very strict rules about disclosure and selling tipped stocks, and whilst I have always retained my bullish view I have wanted to offload a few along the way. But I have a dirty little secret.


Gold ends Q2 on a high, Centamin, Ariana and a breakout?

2020-07-01 09:04:38

The close-out of the quarter to June saw Gold post a high point going back almost eight years at around $1780. Futures troubles the $1800 mark and gold stocks have had a decent run over the past few days. So is this the big breakout we have all been waiting for?


Ariana Resources – more good news on a gloomy day

2020-06-15 16:20:53

Markets may be having a gloomy day, with the FTSE 100 currently off by 1.4% and the Dow off by 1.7%, but AIM-listed Turkish gold miner Ariana Resources (AAU) has offered up more good news even with gold off a little. The news today is that its wholly owned Ivrindi gold project has received a ten-year operational licence extension, along with a 45 hectare mining permit. Ivrindi is situated within trucking distance of Ariana’s 50% owned Red Rabbit joint venture with Proccea which includes the Kiziltpe processing plant...


Ariana – Tavsan progress as Buzz Lightyear continues to promise QE to Infinity and Beyond

2020-06-11 12:41:25

AIM-listed Turkish gold-producer Ariana Resources (AAU) has announced an updated JORC resource at the Tavsan project, owned by its 50-50 Joint Venture with Proccea, which is up by 50% on the previous estimate and 77% of it is now in the Measured and Indicated category. Good news – and the shares have responded accordingly.


Ariana – exciting times!

2020-05-16 10:37:03

AIM-listed gold-miner in Turkey Ariana (AAU) looks to have finally taken out the 3.5p mark yesterday, having flirted with it several times over the past few days: the stock is now trading on a spread of 3.6p – 3.7p so I guess my target for a small top—slice for those who may want has now gone. But what might be behind the scenes which led to this rise?


Ariana – more good news, this time ref Kizilcukor

2020-05-11 16:36:13

AIM-listed gold-miner in Turkey, Ariana Resources (AAU) has offered up yet more good news this morning – this time with reference to its 100%-owned Kizilcukor project near its joint venture owned Kiziltepe production facility, in the form of a resource upgrade.


Ariana – Bank paid off and more excitements: still a multibagger from here

2020-05-01 11:15:05

AIM-listed Turkish gold-miner Ariana (AAU) has announced that the bank loan to build its Kiziltepe plant has now been fully paid of – all on time and according to schedule. Thus all the cashflow from the Kiziltepe plant will now be available for reinvestment or distribution to Ariana and its Joint-venture partner Proccea. Great news on all fronts – much as expected, but head honcho Kerim Sener and his team have done really well. But there is more good news……


Ariana – “Significant” Resource Update but is that a cue to bank massive profits on this share tip?

2020-04-23 13:38:31

This morning AIM-listed Turkish gold miner Ariana (AAU) served up a resource update which looks very positive and the shares – like anything to do with gold – are up on the news to 3.4p last seen.


Ariana – Q1 production numbers: seem bad but are actually very good

2020-04-15 11:58:45

Following my small top-slice call yesterday, AIM-listed gold producer in Turkey Ariana (AAU) duly served up news this morning. Oh no, I thought, had I jumped the gun too quickly and it had announced the proposed corporate action was proceeding? No: it was Q1 production umbers. Phew! My screen showed a 10% drop in the share price too – obviously the market didn’t like the numbers. But on reflection……


Ariana – now 3.5p to sell but should I?

2020-04-14 15:56:18

Aim-listed gold producer in Turkey Ariana (AAU) has been on fire ever since my strong buy call at 1.95p. The stock is now 3.5p to sell – a stonking gain in less than four weeks for a supposedly AIM minnow, now putting the stock on a market cap. of around £38 million.


Ariana – the good news keeps on flowing

2020-04-02 10:46:51

AIM-listed Turkish gold producer Ariana Resources (AAU) has released more good news. Yesterday came a perhaps surprise announcement that the due diligence process on the way to approval of the corporate transaction proposed to hand over $30 million to Ariana and fund the Salinbas project in return for Ariana dropping its interest in the Salinbas and Red Rabbit (centred on the gold production facility at Kiziltepe) to 23.5% had been completed and was now under review. Today came a Resource Development update from Kepez – a satellite to Kiziltepe.


Ariana – update on my Strong Buy of a week ago, and cash rolling in

2020-03-27 08:25:42

I upgraded AIM-listed Turkish gold miner Ariana Resources (AAU) to strong buy a week ago in the wake of its shares crashing along with everything else, but critically noting that the cash to see off the bank loan was in the kitty. Now, with a proposed corporate action to bring in $30 million still under consideration, comes news that the company has taken delivery of £1.6 million in dividends from its Turkish subsidiary. All good news – and the shares are now back up to 2.8p – a gain of 44% on my strong buy. So buy, sell or hold now?...


Ariana – forecast production update and a big reveal: STRONG BUY

2020-03-19 09:49:40

AIM-listed Turkish gold-miner Ariana Resources (AAU) updated the market this morning on forecast production for this year. All well and good, but there was one piece of information I wanted that was missing. Sometimes ShareProphets is good at digging up dodgy news but today I have a golden nugget of good news here…..


Ariana Resources – another 40%+, here less than 6 months, gain…

2020-02-25 09:11:28

Ariana Resources (AAU) has updated emphasising “record gross quarterly income of US$12.78 million… gross income for the year is US$45.1 million from production of 27,985 ounces of gold, exceeding its full year production guidance of 25,000 ounces”


Ariana – storming Q4 numbers, director dealing and a surprise headline in the offing

2020-02-23 10:31:37

AIM-listed Turkish gold-miner Ariana (AAU) delivered storming numbers of Friday for its Kiziltepe joint venture gold production facility and followed that up with an interesting director dealing announcement concerning its chairman which suggests that discussions over the proposed part-disposal of Kiziltepe and Salinbas may be going rather well.


Ariana – House Broker Panmure ups target to 4.37p (price now 3.2p)

2020-02-20 08:55:54

A gander at the website of AIM-listed Turkish gold-producer Ariana Resources (AAU) revealed a note from house broker Panmure Gordon, which has again upped its target from 3.6p to a new mark of 4.37p. Of course, as house broker, Panumure is effectively paid to put a good gloss on its clients but it  has hardly been ramping the shares in recent years and as far as I can see there is already huge upside to that valuation, based of Panmure’s own numbers.


Ariana Resources – delay to proposed deal… but due diligence progress…

2020-02-18 09:00:00

Ariana Resources (AAU) “is pleased to announce the receipt of due diligence drilling results by Proccea Construction Co. and the proposed partner on the Salinbas gold project in Turkey” – this is in relation to a potentially exciting deal to partially monetise Salinbas and the Red Rabbit project…


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

2020-02-14 08:17:07

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!)...


Ariana – an exciting week ahead as interest (and the share price) mounts

2020-02-09 17:02:56

This week promises to be an exciting one for shareholders in Turkish gold-miner, AIM listed Ariana Resources (AAU). Quite apart from Q4 results from the Kiziltepe joint venture which are due shortly (though perhaps not this week) and news from the satellite gold deposits near Kiziltepe as well as further news from Salinbas to the east, all of which could drop at any time, there is the small matter of the proposed part-sale of the Salinbas and Kiziltepe projects and the announced deadline of the end of February to get shareholder approvals……if a final deal is struck. And I believe that means news this coming week.


Ariana Resources – “High-grade zones identified at Tavsan” further add to upcoming potential catalysts

2020-01-23 16:30:52

Ariana Resources (AAU) has updated including MD Kerim Sener emphasising results which “demonstrate that the sampled areas of outcropping mineralised jasperoid are typically higher grade than the overall resource. Some of these results are exceptional, such as 18.2m @ 5.03 g/t Au, suggesting that there is an opportunity to identify several rich zones of structurally-controlled mineralisation within the orebody as a whole, and that these higher-grade areas are likely to be encountered from surface to a depth of 10-20m below surface”


Ariana – Tavsan resource sampling sees shares motor on up: time to trim again?

2020-01-22 09:04:58

AIM-listed Turkish gold miner Ariana (AAU) has delivered a strong set of drilling results from its 50% owned (via a joint venture) Tavsan prospect, part of the Red Rabbit gold project which is feeding its plant at Kizitepe. The good news seems to keep on flowing and the shares – just 1.5p a year ago and having bottomed out at just 1.1p in October 2018 – are now doing battle with the 3p mark.


Ariana Resources – 2019 production ahead of guidance & a “strong start” to the year…

2020-01-17 12:01:00

Ariana Resources (AAU) “is pleased to announce its preliminary production results for the quarter ended 31 December 2019” – and also a “strong start” to this year…


Ariana – Q4 gold production numbers see FY target beaten by 12%. Now, what about that corporate action?

2020-01-16 08:52:25

AIM-listed Turkish gold producer Ariana Resources (AAU) continues to follow the under-promise and over-deliver formula in some style. This morning saw Q4 production numbers from its joint venture Kiziltepe mine showing 7,318 ounces of gold produced to bring the total for the year to 27,985 ounces – against a forecast of just 25,000 ounces. And the good news did not stop there.


Ariana Resources – Arzu South drilling results offer further encouragement

2020-01-04 09:59:33

Ariana Resources (AAU) has announced drilling results which it emphasises “demonstrate the continuity of the Arzu South mineralised structure at depth which may form the basis for establishing an underground mineral resource”


Ariana – positive share move: time to buy or time to take profits?

2019-12-24 08:34:40

AIM-listed Turkish gold play Ariana (AAU) saw its shares go on a run late yesterday, peaking at 2.6p and closing at 2.55p. I have a target price to top-slice of 2.5p but with possible corporate action in the wings that may prove extremely conservative, and the gold price is once again heading north. To quote The Clash, should I stay or should I go?


Ariana Resources – drilling news, shares well worth a look?...

2019-12-18 08:35:46

AIM-listed Turkish gold-miner Ariana Resources (AAU) has announced promising drilling results from Arzu South, one of the feeder sites for its joint venture Kiziltepe production plant. In short, it looks as though head honcho Kerim Sener is fairly convinced that an underground operation may be viable. Further, we are told that the resource estimate for Kiziltepe is due to be revised during Q1 next year with a view to extending the formal mine life beyond the current eight years...


Ariana – due diligence underway, shares up: still targeting 4p

2019-12-09 09:58:39

Turkish gold miner Ariana (AAU) has announced that due diligence on its proposed deal to sell off chunks of its Salinbas and Kizitepe/Red Rabbit gold projects for $30 million is underway. With a target of the end of February to complete the deal, time is tight and this morning’s news is very welcome.


Ariana Resources – potentially exciting deal to partially monetise Kiziltepe & Salinbas, Buy

2019-11-28 15:55:37

Ariana Resources (AAU) has announced a Memorandum of Understanding which “proposes a series of interlinked transactions which will enable the company partially to monetise its successful development of the Kiziltepe Mine… and its earlier-stage Salinbas gold project”


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

2019-11-26 10:53:07

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...


Ariana Resources – pleasing Q3 production progress, set to exceed full-year expectations: BUY

2019-11-23 12:29:55

Ariana Resources (AAU) “is pleased to announce” operating results for the quarter ended 30th September for its 50% owned Kiziltepe mine, stating the results see it “on track to achieve annual production guidance of 25,000 ounces of gold”


Ariana Resources – pleasing resource drilling results add further to production potential…

2019-11-19 13:43:10

Ariana Resources (AAU) “is pleased to announce recent resource drilling results” – with it emphasising the potential for “a significant positive impact on the life of mine and the future economics of the operation”


Ariana Resources – “one of the best revenues in the history of the operation”, net cash flow following…

2019-10-25 09:20:38

Ariana Resources (AAU) “is pleased to announce its preliminary production results for the quarter ended 30 September 2019” – and the shares have currently responded slightly higher, back above 2p to buy…


Ariana remains my conviction buy in the junior gold space, but watch Turkey in Syria

2019-10-21 09:07:49

Shares in AIM-listed Ariana (AAU) have been a wild ride this year, ranging from around 1.45p at the start of the year to a peak of almost 2.6p at the peak in June. The stock has been helped along by the rising price of gold and the impending settlement of the bank by its Joint Venture at Kiziltepe come April, which will transform Ariana’s income profile. But more recently a correction set in amongst gold stocks, and then came President Erdogan’s foray into Syria after Donald Trump cleared the way by withdrawing US troops.


Ariana Resources – key licence renewal, value soon to be highlighted?

2019-10-17 16:29:56

Ariana Resources (AAU) has followed recent half-year results with its Ardala operational licence being renewed for 5 years, with the operating permit increased in area substantially…


Ariana – Tavsan news, 2.5p or much higher here we come!

2019-09-09 11:14:49

AIM-listed Ariana (AAU) has been drilling and sampling at its 50% JV-owned Tavsan project in the hope that a decent resource will support expansion plans for the nearby Kiziltepe plant to 50,000 oz of gold production per year, up from the current 25,000 oz mark. The news this morning looks good.


Ariana Resources – a buy again?

2019-09-06 14:30:49

In February we banked big profits on Ariana Resources (AAU) with the shares at around 2p, noting longer-term risk/reward still looked favourable including the macro backdrop seeing us bullish on the gold price but that it had met our short-term purposes. The gold price was then just over $1,300 per ounce and is currently comfortably above $1,500 per ounce yet the shares are available to buy at still 2.3p – and so…


Ariana – Q2 numbers and other matters: if you can pick some up at around 2p then buy.

2019-08-29 11:46:38

Gold may once again be shooting the lights out but poor old AIM-listed Turkish gold play Ariana (AAU) seems to be struggling to keep up. Yesterday’s news as detailed in the Alliance News headline of Ariana Reports Dip In Kiziltepe Mine Income and Production didn’t help – and certainly didn’t tell the whole story. But perhaps of bigger interest to me was last week’s news regarding the Salinbas project.


Ariana – Q2 production numbers from Kiziltepe slip but still ahead of target

2019-07-17 12:35:26

AIM-listed Turkish gold producer Ariana Resources (AAU) has announced its Q2 production  numbers. Reading head honcho Kerim Sener’s comments it sounds as though the company has had a bit of a torrid time with the weather and a pushback at its pit. Even so, production is above target and the macro picture – ie the gold price – is doing everything right.


Ariana – share price surges though next target, time to cash in a little more (but hold the majority strongly)

2019-06-21 12:27:37

Well that was quick! A few days ago, having been hoping to offload some AIM-listed Ariana (AAU) at 2p for months and months the shares finally gave me the chance, so I moved to strong hold with a next target of 2.5p. All of a sudden the gold price surged – and so did Ariana’s shares: we have reached 2.5p. Hooray! But now what?


Ariana – a round-up of good news

2019-06-15 09:25:51

AIM-listed Turkish gold miner Ariana Resources (AAU) has had a raft of good news lately – the biggest seems to me to be the resurgent strength of the yellow metal: last seen its price was through the apparently all-important $1350 per oz level, although only time will tell whether that proves a sustainable move or another false dawn in a long line of false dawns. We have also had full year results for 2018 and drilling results from Kizilcukur all amounting to a rise in the share price to 2.1p. Having finished my own top-slicing, I can now proudly say strong hold as we look forward to a string of developments.


Ariana – another cracking set of numbers from Kiziltepe

2019-05-20 15:31:24

AIM-listed Turkish gold producer Ariana has offered up the latest full production numbers for its Kiziltepe joint venture. As I had expected, costs were up a little due to the Turkish Lira strengthening, but the gold price had a good quarter (sadly not sustained…..) so income was up.


Ariana – more positive news as we wait for more numbers

2019-05-14 15:51:57

AIM-listed Turkish gold-play Ariana Resources (AAU) has updated the market on its Salinbas exploration target and forestry permits this morning. Coinciding with a bit of a China-USA spat spike in the price of the yellow stuff, Ariana’s shares have reacted positively and I suspect there is still more short term upside as we await the full production numbers from Q1 which are due any day.


Ariana – quarterly production figures

2019-04-16 10:19:58

AIM-listed gold-miner in Turkey, Ariana Resources (AAU), released its latest quarterly production figures from its Kiziltepe joint venture this morning. Last year the numbers were 4,866 oz against a target for the year of 20,000 oz and the company went on to deliver 27,110 ounces. Now a year later, and with all the start-up bits and pieces worked out some time ago, Ariana has delivered 7,296 oz of gold for the first quarter of this year. Great stuff!


Visiting the Global Group UK Investor Show and catching up with Ariana

2019-03-31 02:37:05

What a day out that was! The Wray family may be running the investor show now, but the sparkle was still there – even if I missed the acid wit of Tom Winnifrith. But it was great to catch up with the other writers at ShareProphets and in particular it was good to call in at two stands – those of Ariana Resources (AAU) and Sosandar (SOS).


Ariana Resources – exploration & development update

2019-03-29 08:34:46

AIM-listed Turkish gold producer Ariana (AAU) has announced a positive update this morning regarding its satellite prospects around the Kiziltepe gold plant and at Salinbas on the other side of the country. The news has gone down well, with the market pushing the shares back towards the 2p mark in response...


Ariana – cracking 2019 production guidance

2019-03-12 07:33:17

Last year AIM-listed Ariana (AAU) offered up production guidance of 20,000 ounces of gold – and delivered 27,110 ounces. Talk about under-promising and over-delivering. This morning Ariana offered guidance of 25,000 oz of gold. Under the same maths, that suggests we could see as much as (almost) 34,000 ounces. Of course, we shall have to wait and see what the real figures are, but with the end of Q1 less than three weeks away we shouldn’t have to wait long.


Ariana – Q4 numbers for Kiziltepe read very well

2019-02-22 08:02:22

I called time to sell some Ariana (AAU) last week but was convinced of further upside and thus while I wanted to sell some, I was definitely hanging on to the majority of my shares. This morning – perhaps a little later than I had expected - Ariana filled in the details of Q4 gold and silver production from its joint venture plant at Kiziltepe. There was no need for any anxiety over the news: it was very good and this is turning into a habit. Long may that continue!


Ariana: cracking news, 2p mark hit - time to take a few profits (but leave some on the table - 2.5p next stop)

2019-02-12 03:27:52

My buy tip for 2019 - AIM-listed Ariana Resources (AAU) – has made the 2p to sell target price: time to take some profits, then - and where’s the ouzo? This is on the back of cracking news of a £3.8 million return of capital to the parent. The implications are that Kiziltepe is throwing off plenty of cash – way more than had been previously disclosed.


Looking forward to Ariana’s Q4 numbers at Kiziltepe

2019-02-04 01:21:57

AIM-listed Ariana Resources (AAU) told us on 14 January, as it reported Q4 and full year production from its joint venture gold plant at Kiziltepe in Turkey, that it would release full results for the period by early February and I’m really looking forward to that...


Ariana Resources – share buy-back error, BUT…

2019-01-30 01:30:00

Kizilcukur development update, including that “bulk sampling results demonstrate that the Kizilcukur deposit has the capacity to act as a source of high-grade satellite feed to the Kiziltepe processing plant”, and “Share Buy-Back: Update” announcements from Ariana Resources (AAU)...


Ariana – Directors step in to mop up the buy-back fiasco: still a strong hold

2019-01-26 02:15:47

AIM-listed Ariana Resources (AAU) announced a series of director share purchases which, as promised, mops up most of the share buy-back shambles earlier this week. This is good: the shares are in strong hands and shows that the directors have faith. It also shows that they are doing their best to make amends out of their own pockets.


Ariana – buyback whoopsie at 4.29pm, but a minor issue - blame Roland "fatty" Cornish. Strong hold.

2019-01-22 02:45:14

Oh dear. AIM-listed Ariana Resources has announced that the share buyback previously announced on 16 January 2019 – and which occurred on 4 January – when the company bought back 4.5 million shares into treasury was not allowed as the company didn’t have the distributable reserves available on the balance sheet. Red faces all round, but this is not a major issue.


Ariana – the good news continues with developments at Kizilcukur

2019-01-21 03:55:35

AIM-listed Ariana Resources (AAU), one of my tips for 2019, has been on a bit of a roll so far this year. It has been helped by the weakness of the Turkish Lira and a bit of strength in the price of gold, but recent news of gold and silver production from its Joint Venture processing plant at Kiziltepe has helped too, as has a share buy-back. This morning Ariana offered an update on its wholly-owned Kizilcukur project.


Ariana Resources – further positive production update & a buyback, shares starting to respond

2019-01-19 03:52:48

A production update from Ariana Resources (AAU) emphasising “gold production exceeds 2018 guidance by 36%”…not bad but there is better news still


Ariana – surprises with share buy-back - shows how cheap the shares are

2019-01-16 08:27:47

AIM-listed Ariana Resources (AAU) has rather surprised with an announcement that it bought back 4.5 million shares to place into treasury. The message from this is pretty clear!


Ariana – cracking numbers right on cue

2019-01-14 04:09:32

AIM-listed Ariana Resources (AAU) released Q4 gold production numbers this morning – exactly as predicted HERE yesterday. Even better the numbers were pretty much in line and the shares have responded higher – not quite a bottle of ouzo yet, but it looks to be well on the way.


Ariana – will production report see a lift to the share price? I hope so!

2019-01-13 07:22:04

Judging by the form of my buy tip for 2019 AIM-listed Ariana Resources over the past nine months, we should see the latest production numbers from its Kiziltetepe joint venture gold plant in Turkey this week. Numbers for the first three quarters have already blown the company’s annual production forecast of 20,000 oz of gold out of the water, having reached almost that figure in nine months. Meanwhile shares in Ariana have had a good run of late, moving up from a low point of almost 1.1p in October to the current 1.575p, putting the company on a market capitalisation of £16.7 million.


Ariana Resources – new drilling programme to commence imminently, shares starting to respond - KEEP BUYING

2018-12-16 05:38:50

Ariana Resources (AAU) has updated that a drilling programme is to commence imminently at Kizilcukur, “with the objective of defining a high-grade zone amenable to open-pit mining”


Ariana – Kizilcukur news & (for “nice” reasons) a stance downgrade

2018-12-13 01:20:36

It has been a long time coming, but yesterday shares in AIM-listed gold producer Ariana (AAU) finally hit 1.6p, a price I was happy to buy up to. This latest rise was on the back of news from the company’s Kizilcukur project - 22km from the Kiziltepe processing plant - that a drilling programme is about to start...


Ariana – should we be cynical? I think not…

2018-11-30 09:14:28

AIM-listed Turkish gold producer Ariana (AAU) has seen its share price move a fair bit over the past few days. The shares have been bumping along the bottom at around 1.25p for a while and even dropped to almost 1.1p last month. Now, with a very positive update from its Kiziltepe plant at the Red Rabbit project in Eastern Turkey (and terrific looking financials), a positive (house) Broker note, exploration news and an investor evening in the last few days, the shares are up at a much healthier-looking (roughly) 1.425p, if a tad volatile (they’ve been up to 1.525p and down to 1.375p today). So should we be cynical and expect a placing?


Ariana Resources – follows positive production results with positive exploration results. Buy

2018-11-30 02:15:26

Ariana Resources (AAU) has emphasised “excellent exploration results” at its wholly-owned Salinbas project, with it “confident that the testing of some of these targets with drilling will lead to the identification and definition of further resources within the project area”


Ariana – more exploration results from Salinbas, still a buy

2018-11-29 05:26:25

Turkish gold miner, AIM-listed Ariana Resources (AAU) has offered up an update on its exploration at the Salinbas gold project in Eastern Turkey this morning. My view has been unchanged, that the Kiziltepe plant was the reason to hold the shares but that Salinbas  - already with a resource inventory of c. 1 million ounces of gold-equivalent – was an interesting speculative bonus. This morning’s news adds to the interest. Eventually, I hope, it will be proved up as a commercial project and add good value.


Turkish gold miner Ariana at 1.4p worth 2.82p – Panmure Gordon

2018-11-29 01:18:25

Panmure Gordon is house broker to AIM-listed Turkish gold miner Ariana Resources (AAU) and is therefore not impartial – so you can takes its latest musings on Ariana with a pinch of salt if you wish. However, with the shares at 1.4p Panmure has upped its price target from 2.75p to 2.82p in the wake of Ariana’s Q3 numbers. Naturally, with a boat-load of this stock myself (so I'm not impartial either) and a target of at least 2p, I think Panmure are complete geniuses...


Ariana Resources – directors buy further shares & company events

2018-11-16 01:35:28

Following positive Kiziltepe quarterly results earlier this week, now “Director/PDMR Shareholding” and “Corporate Events” announcements from Ariana Resources (AAU)…


Ariana Resources – positive Kiziltepe quarterly results, remains a buy

2018-11-14 09:03:50

Ariana Resources (AAU) has updated on quarterly operations from its 50% owned Kiziltepe mine, including “we are now well on track to exceed our production guidance for the year”


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 - 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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