Tuesday 20 February 2018 | ShareProphets: The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares
The January 2018 edition of the UK Investor Magazine is now live: Nine tips, defending Churchill, and not missing Nigel Wray
Following a company chat with Ariana Resources (AAU), I thought I would report back on a few things which came up...
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.
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.
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…
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 (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”...
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...
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...
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....
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.
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.
Well that solves that: a big placing and a very disappointing 1.3p price tag to boot. So what to do now?
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.
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.
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.
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.
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?
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.
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?
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 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”.
With plenty of turmoil in economies around the world, precious metals look set to show continued strength, particularly when it comes to gold.
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.
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!
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 Resources (AAU) has updated on an “increasingly active” rate of mine construction and its target for production in the second half of 2016.
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”.
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 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 (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”
If you want me to analyse a stock for you just drop me a line at [email protected] - Today I look at shares in Ariana Resources (AAU), Devro (DVO) and Redt Energy (RED) setting share price targets for all three stocks.
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
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.
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 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 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.
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 (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”.
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.
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.
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 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.
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.
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.
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.
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
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 (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.
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.
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.
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.
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.
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.
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 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.
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.
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.
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 (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?
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)
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.
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.
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.
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:
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.
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.
I recommended AIM listed Turkey based gold mine developer Ariana Resources (AAU) on t1ps.com 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
Search ShareProphets |
Recent Comments |