AIM-listed Ariana Resources (AAU) has released its FY21 numbers this morning – and not a day too late! The highlight for me is the cashpile of £16.4 million at year-end: no funding worries here, then, and the final tranche of the special dividend arising from the part sale of Ariana’s Turkish assets is due on 3 October. But there is much more than that!
Ariana Resources (AAU) has announced significant progress across its projects, “most notably" the construction of Tavsan, with associated development activities being ramped up.
It has all gone quiet at AIM-listed Ariana Resources (AAU) but I fancy that things are about to hot up, which may make the shares a short-term buy in advance. Of course, I seem always to find a justification for buying Ariana shares and my target price is not far off double the current mark at 3.75p. But the company is pregnant with news, much of which is due by the end of this month.
Ariana Resources (AAU) has announced an update to the mine development programme, underway at its 23.5% owned Tavsan project, which has helped the shares up to above 4p.
AIM-listed Gold (and Silver) producer in Turkey, Ariana Resources (AAU) has at last updated the market over its second Gold mine at Tavsan. It seems that things are indeed progressing and we are now given to expect mine construction to commence this quarter.
News this morning from AIM-listed Gold-producer in Turkey, Ariana Resources (AAU), is that its (currently) 50%-owned investee Venus Minerals is set for an IPO on AIM during Q2. This is very positive, and will surely give Ariana’s shares a boost when completed.
Ariana Resources (AAU) has announced production guidance for 2022 for the joint venture (Ariana 23.5%) Kiziltepe mine in Turkey, looking to add to performance which has consistently been above plan.
AIM-listed Gold producer in Turkey has updated the market this morning with regard to the amount of shiny yellow metal we can expect it, along with its JV colleagues, to produce at the Kiziltepe plant this year. The figure, 25,000 oz, is bang in line with what I was expecting given that the company had already indicated at much a few weeks ago, but it is nice to have the confirmation all the same.
