Keyword results: AAU

AAU
AAU
PREMIUM CONTENT

Ariana – 2021 Full Year Results

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!

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AAU
AAU

Ariana Resources – “significant progress” across projects, Buy

Ariana Resources (AAU) has announced significant progress across its projects, “most notably" the construction of Tavsan, with associated development activities being ramped up.

Gold
PREMIUM CONTENT

The View From The Montana Log-Cabin As Gold Stocks Are Pulled Down

Gold has had a pretty terrible few weeks: back in late February it spiked to $2050 and then hung around in the mid-$1900s until the end of April. Now it has been challenging $1800 from above and closed the week at $1847. Of course, in the context of being just $1200 for years ago the yellow metal has done well, but given all that money-printing and rampant inflation one might have expected more of late.

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PUR
PUR
PREMIUM CONTENT

Pure Gold – Or Fool’s Gold?

I am asked what I think of Pure Gold (TSXV:PGM and PUR on the sub-standard list). Obviously as a Gold play it ticks my main box, but is it making any money for its current market capitalisation – according to Google - of C$71 million (around £43 million) which puts it at a similar size to AIM-listed Ariana Resources (AAU) which is currently valued at £52 million.

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Gold
PREMIUM CONTENT

The View From The Montana Log Cabin Sick-Bay As Gold Gains, Yield Curve Un-inverts

The bond markets have reacted strongly to the smoke signals from the Fed that interest rates are going up (far and fast, so they would have us believe) and that we are about to suck some of that excess liquidity out of the market via QT – quantitative tightening. The result has been far higher bond yields – which should be bad for Gold – and if QT actually happens, since it is the opposite of printing money then in theory that is also bad news for gold-bugs. 

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AAU
AAU

Ariana Resources – Tavsan project update, development catalyst soon?

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.

AAU
AAU

Ariana – Tavsan News Points To Further Value Here: Still A Buy

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.

Gold
PREMIUM CONTENT

How Are My Gold Stocks Doing?

It has been a while since a took a look at my Gold stocks so here is an update, including AIM-listed Ariana (AAU), Panther Metals (PALM) of the Standard List and Centamin (CEY) and Golden Prospect (GPM) on the full list.

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AAU
AAU
PREMIUM CONTENT

Ariana – Venus IPO Set For Q2: a cue to BUY

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.

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AAU
AAU

Ariana Resources – 2022 production guidance, again to exceed plan?

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.

Gold
PREMIUM CONTENT

An Interesting Week Ahead For My Gold Stocks

This week we have annual results from fully-listed Centamin (CEY) on Wednesday and I’m hoping for production guidance from AIM-listed Ariana (AAU). But with the Gold price all over the shop it will also be interesting to see how the coming week plays out for fully-listed investment trust Golden Prospect (GPM).

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GPM
GPM
PREMIUM CONTENT

Golden Prospect – Still A Buy As Gold Heads Higher

I see this morning that Gold hit around $2025 per oz as the Ukrainian crisis and the associated sanctions continued to hit the market. The price has since eased a little to $2009 but this is the highest the yellow metal has been since the record high at $2063 in August 2020 and I don’t see anything to hold it back beyond a short bout of profit-taking.

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Gold
PREMIUM CONTENT

Postcard From Montana As Gold Blasts Higher and Putin Blasts Ukraine

Vladimir Putin has gone for it: his troops went into Ukraine last night alongside missile attacks on Ukraine’s military and, according to broad media reporting, cyber-attacks were unleashed. As diplomatic efforts to resolve the situation were exhausted, it is now clear that Putin had decided to go in some time ago. The markets’ reaction has been to sell off, but oil is up and Gold is strongly higher.

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AAU
AAU
PREMIUM CONTENT

Ariana – Second Tranche Of Special Dividend Confirmed

There was good news this morning for shareholders in AIM-listed Ariana Resources (AAU) as it confirmed dates for the second tranche of its special dividend. As a loyal shareholder, I am looking forward to topping up my supplies of Ouzo o the proceeds.

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AAU
AAU

Ariana – Gold News From Venus: Still A Buy

AIM-listed Ariana Resources (AAU) has released details of Gold discovered at the Klirou sector of the Magellan project in Cyprus, owned by 50% investee Venus Minerals which is itself set to list in London.

AAU
AAU

Ariana Resources – Kiziltepe resource increase, Buy

Ariana Resources (AAU) says that it is pleased to announce a 19% increase in Kiziltepe sector (Ariana – 23.5%) gold resource over the previous (2020) undepleted mineral resource estimate and that this shows the potential here. AIM companies though always say they are pleased to announce basically anything, so should Ariana really be pleased?

Gold
PREMIUM CONTENT

Catching Up On My Gold Shares As Sentiment Nose-Dives: Centamin, Panther, Ariana and Golden Prospect

We have had a boat-load of news from my Gold shares, so here is a round-up of my take on the latest developments from fully-listed Centamin (CEY), AIM-listed Ariana Resources, Standard-listed Panther Metals (PALM) and fully-listed investment company Golden Prospect (GPM).

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AAU
AAU

Ariana Resources – 2021 production update, “fantastic” 2022 ahead?

Ariana Resources (AAU) has announced 2021 production from the 23.5%-owned Kiziltepe mine in Turkey and “with value upside evident across all arms of the company, 2022 is set to be a fantastic year for Ariana”. Well maybe. A lot clearly depends on the gold price but we do think that a) 2022 will be a good year and b) that is not discounted in the curremt share price.

AAU
AAU
PREMIUM CONTENT

Ariana – Production Results And General Update: Still A Buy

AIM-listed Gold and Silver producer in Turkey, Ariana Resources (AAU) released its full year production data for 2021 this morning – and the news is good. Alongside that came an expectation to double the original life of mine at Kiziltepe, and the company confirmed that the plant expansion there had indeed completed in early H2 increasing the capacity to 300% over the feasibility design. It is a cracking update.

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast - I am so ffing bored with Ariana but is that a reason to sell?

I start with a report on life at the only place in the world wetter than Wales. Will harvester B have to swim across the dry river to make it home? There are photos on my site but it is getting a bit nerve wracking. I look at crypto and answer questions from reader Guy as to whether it is a bubble. I discuss the ethics of Matt Earl closing most of his Civitas Social Housing (CSH) short and I admit again to being bored by Ariana (AAU) while others are bored by Optibiotix (OPTI) but is that a reason to sell?

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AAU
AAU
PREMIUM CONTENT

Ariana – Panther Gets Aussie IPO Away: Good News for Asgard and Better News For Standard-Listed Panther Metals

It was announced this morning by both AIM-listed Gold and Silver producer in Turkey Ariana Resources (AAU) and Standard-listed Panther Metals (PALM) that Panther’s Australian assets have been floated on the Australian Stock Exchange. This is good news for Ariana, as its subsidiary Asgard has a small stake and for Panther Metals it means that the Australian portfolio is now separately funded, leaving Panther with just its Canadian assets to fund to production/sale.

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AAU
AAU

Ariana Resources – positive resource updates from Cyprus

Ariana Resources (AAU) has announced mineral resource updates for Kokkinoyia and Apliki in Cyprus, emphasising the former “contains a substantial tonnage of mineralised material across several domains beyond what was already understood from the historical work” and that it will now be looking into the potential to integrate a part of Kokkinoyia with the planned Apliki copper mine development project.

AAU
AAU

Ariana – News From Venus: Still a BUY.

AIM-listed Gold producer in Turkey, Ariana Resources (AAU) released two lots of news this week from Venus Minerals, the Cyprus-based explorer in which Ariana holds 50%. First up came a revised mineral resource estimate at the Apliki project, which Venus wants to buy into and which looks set to cornerstone an IPO for the company. Then an increased JORC resource estimate at the Kokkinoyia project was released.

AAU
AAU

Ariana – A Second Investment For Asgard

AIM-listed Gold producer in Turkey Ariana Resources (AAU) has announced the second investment of its wholly-owned subsidiary, the Asgard Metals fund: it is to put £200,000 into UK-registered Pallas Resources, along with a consultancy agreement worth up to £75,000 under which Ariana will provide technical consulting services to Pallas over a two-year period.

AAU
AAU

Ariana – Oh No: Not More Good News!

AIM-listed Gold (and Silver) producer in Turkey, Ariana Resources (AAU), has had a wonderful summer in terms of its Gold exploration activities with a stack of very promising drill results from across its portfolio which suggest good news to come next year. Gold and Gold stocks may have had a torrid time, but on the exploration front Ariana hasn’t been able to disappoint and this morning saw yet more good news from investee Venus Minerals in Cyprus.

AAU
AAU

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

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”.

AAU
AAU

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

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.

Bearcast
PREMIUM CONTENT

Tom Winnifrith SHOCKING Bearcast: No individual accountants at all are paying a cent of the fines the FRC boasts about

This is a shocking revelation which I discuss in detail. It shows the Big 4 accountancy firms are actually incentivising partners to engage in risky and incorrect business practices by indemnifying them against all costs if they are found out. The Big 4 then treat such fines as just another cost of doing business. What is going on is a disgrace which expses the moral bankruptcy at the heart of the accountancy establishment and must force the FRC to rethink punishments. I also discuss Ariana Resources (AAU) and why it needs no PR but especially the shysters it currently uses, the deafening silence at Chill Brands (CHLL) which marks it out as a zero and Union Jack Oil (UJO) where I suspect it is tme to give up and look elsewhere in the sector.

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: Which high profile journalist said last night "TW was brave and TW was right!"

Jeepers, the answer will shock you but is a reminder that Fleet Street does read this website avidly.  In the rest of the podcast, as my son spends the day vomiting I discuss a work life balance that is becoming increasingly daft. Then I head back to work looking at Ariana Resources (AAU) where I disagree with Nigel and probably lose another friend (Kerim Sener),  Chesterfield Resources (CHF), Boohoo.com (BOO), AO World (AO.), Parsley Box (PUKE), Mercantile Ports (MPL) and Primary Bid and what it needs to change.

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AAU
AAU

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

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.

AAU
AAU

Ariana Resources – further positive intercepts at Kepez North, Buy

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.

AAU
AAU

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

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.

BMV
BMV
PREMIUM CONTENT

My Gold Stocks, and Time To Revisit One I Let Go?

It has been a long year since the correction in Gold and Gold stocks set in. Back in August 2020, the yellow metal peaked at $2063, AIM-listed Ariana Resources (AAU) at 6.4p, fully-listed Centamin (CEY) at 232p, Golden Prospect at 72.5p and my minnow explorer, Standard-Listed Panther Metals (PALM) reached a then peak of 13.75. Now their prices at $1787, 4.7p (plus a dividend of 0.35p on the way), 91.4p (plus two dividends totalling 7 US cents), 48.5p and 12.875p. Ouch!

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AAU
AAU

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

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.

AAU
AAU
PREMIUM CONTENT

Ariana – New Targets and The Great ShareProphets Duel!

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.

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PREMIUM CONTENT

Director Dealings, ref Ariana and Panther: follow them!

Two of my current Gold-picks, AIM-listed Ariana Resources (AAU) and Panther Metals (PALM) have announced director dealings this morning. Both, I suggest, offer some encouragement to the market.

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AAU
AAU

Ariana Resources – dividend declaration and more to come, Buy

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

AAU
AAU

Ariana – Yet More Drilling Results!

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.

AAU
AAU
PREMIUM CONTENT

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

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).

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: Would I buy back into Jubilee Metals, Is Ariana too boring to back & two dogs

I am back in Wales as of the wee hours and reflect on that. Today has been plum harvesting day. In the podcast, I look at Jubilee Metals (JLP) where I am out but should I dive back in and Ariana Resources (AAU) where I am in but should I dive out? Then the two dogs both beloved of the Sith Lord Zak Mir: Argo Blockchain (ARB) and Remote Monitored Systems (RMS).

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AAU
AAU
PREMIUM CONTENT

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

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.

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AAU
AAU

Ariana Resources – encouraging Kiziltepe drilling results, Buy

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.

AAU
AAU
PREMIUM CONTENT

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

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.

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AAU
AAU
PREMIUM CONTENT

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

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…..

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AAU
AAU
PREMIUM CONTENT

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

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’?

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AAU
AAU
PREMIUM CONTENT

Ariana – H1 2021 Gold Production Update

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.

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AAU
AAU

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

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?

AAU
AAU

Ariana – Resource Upgrade at Kepez North

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!

AAU
AAU
PREMIUM CONTENT

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

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?

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: for the second time I question Ariana

Forgive the late bearcast but the local members of the Guardian-reading classes came round to swim with Joshua. In today’s podcast, I look at Ariana Resources (AAU), Bluebird Merchant Ventures (BMV) and the IPO frenzy with especial reference to Revolution Beauty and Forward Partners (FWD).

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AAU
AAU
PREMIUM CONTENT

Ariana – New Dragon’s Den Venture

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.

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AAU
AAU

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

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’).

AAU
AAU
PREMIUM CONTENT

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

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

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: Disagreeing with Nigel on Ariana and disagreeing with PL on Bluebird/Southern Gold

I record this early in the Greek morning as today is a road trip day as Joshua and I head to Vlach land. I cover two stocks I own – Ariana (AAU) where I am less excited about a special dividend than is Nigel. I reckon its strategy is wrong. And Bluebird Merchant Ventures (BMV) where I explain why PL’s suggested proxy purchase of Southern Gold is not as smart as he thinks it is.

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AAU
AAU
PREMIUM CONTENT

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

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!

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AAU
AAU
PREMIUM CONTENT

Ariana Resources – results delay but positive operational news, Buy

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…

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast - the 3 reasons Matt Hancock should have resigned this morning whatever his job

I start with l’affaire Hancock and what it says about standards in public life, whether politics or the corporate world in Britain today. For three reasons, not including the fact that he is useless or the act of infidelity, he should be fired. He will not be. I then consider late results with reference to Ariana (AAU) and the fraud Supply@ME Capital (SYME) which is now – perhaps – just three working days from slipping down the plughole leading to the sewer of insolvency.

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AAU
AAU

Ariana – more very positive drilling results

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.

Gold
PREMIUM CONTENT

The View From the Montana Log-Cabin as Gold fails again at $1900

Last week Gold had broken its upward trajectory, closing at $1892. This week it tried again to get through $1900 but closed the week at $1878 and Silver again struggled with $28, closing the week just under that level. So was it a bad week? Well, no.

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AAU
AAU

Ariana – Eastern Europe News: BUY

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.

AAU
AAU
PREMIUM CONTENT

Ariana – Time to get the Ouzo on ice

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!

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Gold
PREMIUM CONTENT

The View from the Montana Log-Cabin as Gold threatens to the upside earlier than expected

Gold has had another good week, closing at $1880 – up from $1831 a week ago. ShareProphets’ favourite technical analyst, Jordan Roy-Byrne of TheDailyGold.com had been targeting up to $1850 as a point of overhead resistance and it seems that the line has been crossed – seemingly quite easily.

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PREMIUM CONTENT

Panther Metals – Australian listing moves closer as assets get valuation boost

Standard-listed Gold explorer Panther Metals (PALM), under the oversight of Ariana Resources’ (AAU) CEO Kerim Sener in the position of Chairman, has announced that the Australian listing of its Aussie assets has moved a step closer with the completion of a pre-IPO funding round. This is good news – especially if one considers the implied valuation.

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AAU
AAU
PREMIUM CONTENT

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

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.

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AAU
AAU

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

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.

PREMIUM CONTENT

Panther Metals – FY20 Results: still a speculative BUY

Sub-Standard-listed Gold explorer Panther Metals (PALM) has released its FY20 results today. The numbers are largely irrelevant (losses) but the progress has been impressive for a company being run essentially on a shoe-string.

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AAU
AAU
PREMIUM CONTENT

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

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.

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Gold
PREMIUM CONTENT

Gold – The View from the Montana Log-Cabin as Gold attempts to regain $1800…..but falls short this time

Gold and gold shares continued the recent northward run this past week but hit the buffers as the yellow metal attempted to get over $1800 per oz to close the week at $1777 per oz – back where it started the week. Likewise, Silver ended up almost back where it started too, but did manage to post a very modest gain to close a faction over $26 per oz.

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AAU
AAU

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

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:

Gold
PREMIUM CONTENT

Gold: The view from the Montana Log-Cabin as spring finally sets in

It has been a long winter for gold, as an extended correction set in last August. But after a few weeks of going nowhere it seems as though Gold has finally exited the corrective phase and is finally on the up once again. But will it last, or are we headed for more drops?

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AAU
AAU

Ariana – Waiting and waiting….

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…..no.

GPM
GPM
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Gold – watching paint dry at the Montana Log-Cabin but some signs of hope for my gold stocks

I noted two weeks ago that Gold had gone nowhere for two and a half weeks. Then the Gold price was $1734, down from the previous week’s $1745 and here we are a fortnight later with the Gold price at $1744 – it is like watching paint dry! But there looks to be some signs of hope that there are northward stirrings heading this way.

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AAU
AAU
PREMIUM CONTENT

Ariana – A Reader Asks……

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).

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AAU
AAU

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

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….

Bearcast
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Tom Winnifrith Bearcast - would I get into INSEAD with my reasoning on this?

I start with a few words on Greece and lockdown as per this article from my own website.  Then I discuss why I ignore broker share price targets and then the use of the sort of reasoning I’d need to show to get into INSEAD to do an MBA with relation to claims made by companies. Those two sections cover Ariana (AAU) and Remote Monitored Systems (RMS). I also look at MyHealthChecked (MHC) and at Catenae (CTEA).

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AAU
AAU
PREMIUM CONTENT

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

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.

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Gold
PREMIUM CONTENT

The View from the Montana Log-Cabin as Gold has a better week: have we finally seen off the correction?

Last week I sensed that we were near the bottom of the correction in the Gold price at $1700 per oz. This week I see that Gold has risen to $1728: things are looking up! So have we finally seen off the grinding correction which started last August?

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Gold
PREMIUM CONTENT

Gold Shares – It’s been a tough few months, but I sense we are near the bottom

Back in August the Gold price peaked at $2063 and it has been more-or-less downhill ever since. On Friday the Gold price closed at $1700 – a 17.6% drop in around seven months. So is the Gold bull story all over? My answer is definitely no. But as a Gold Bull, I would say that, wouldn’t I!

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Tom

Tom Winnifrith Video Shareshow No 20: 2 hours of gold, flashbacks to 2001, value investing and Kerim Sener

And now from Wales, by just 30 yards, it is my new weekly video show. This costs 99p per episode, and you can either listen to, or watch, some sparky interviews with  Kerim Sener of Ariana Resources (AAU), where I am a loyal shareholder, and then with the sorcerer’s apprentice Steve Moore on the markets and on what he owns. You can access the show HERE 

AAU
AAU
PREMIUM CONTENT

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

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…

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AAU
AAU
PREMIUM CONTENT

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

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…….

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast - my first training walk for Woodlarks completed, the shame of it

I guess it was about seven miles that my daughter and I managed and it was terribly muddy so hard going but I am not in great shape. On the last Saturday in May, I shall be doing 34 miles. I need to up the pace a bit. In the podcast I cover: AIQ (AIQ), Online Blockchain (OBC), MyHealthChecked (MHC), Zoetic (ZOE), Kanobo (KNB) and Ariana Resources (AAU).

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AAU
AAU
PREMIUM CONTENT

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

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?

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Gold
PREMIUM CONTENT

Gold – Jordan Roy-Byrne calls the bottom again and three stocks to be buying now

I noted a few weeks ago that ShareProphets’ favourite technical analyst,  Jordan Roy-Byre of TheDailyGold.com, has called the end of the Gold correction which started last August. It was a very rare error. Now, noting that making declarative statements does not necessarily add value for the reader, he has called the bottom for gold miners and juniors. I hope he is bang on the money this time!

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AAU
AAU
PREMIUM CONTENT

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

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.

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Gold
PREMIUM CONTENT

Gold: The View from the Montana Log-Cabin as Bull (Jordan Roy-Byrne) takes on Bull (Ross Norman)

The Gold price is, in my view, going to move sharply up from here. That is of course not news – I have held that view since long before the Covid crisis and the reasons for holding that view have not changed. But whilst the Covid-crisis has strengthened my views, Gold is at present not really playing ball. That will change, but for now it is simply a matter of sitting patiently.

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AAU
AAU

Ariana – Turkey permits for Corporate Action

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.

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

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

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

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?

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AAU
AAU
PREMIUM CONTENT

Ariana – Watch out for January Sales on Monday!

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?

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Gold
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My Montana Log-Cabin Call for 2021 – Call me a gold bore, but……

There are, once again, bubbles everywhere. US markets are at all-time highs and Japan is at a thirty-year high, according to David Scott. Government bonds (as opposed to their yields) aren’t far off all-time highs and – importantly – the returns are minimal if not negative. Traditionally, that would be a warning sign that all is not well – normally when one is high the other is low. But these are no normal times.

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Panther Metals – Good News on the way? And a few insights...

I am quietly warming to (sub-) Standard-listed Panther Metals (PALM), chaired by Kerim Sener of AIM-listed gold producer Ariana Resources (AAU). Both are involved in gold, both are being run very conservatively and, of course, Kerim Sener is involved with both. When I first wrote about this company back in August, I had two main concerns: it is Standard Listed, and Peterhouse was the Broker. Despite those concerns, I picked up a few at 9.6p earlier in the year – a case of following the man (Kerim Sener) – but there may be some good news…..

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AAU
AAU

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

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.

AAU
AAU

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

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.

SHG
SHG
PREMIUM CONTENT

Shanta Gold and Ariana – Director Selling…..should you follow suit?

I see that NED Robin Fryer at AIM-listed Shanta Gold (SHG) has dumped his entire holding of the company’s stock. And CEO of Ariana Resources has been cashing in on options – and selling. Should we read either as a cue to follow suit and sell?

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AAU
AAU
PREMIUM CONTENT

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

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…

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Bearcast
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Tom Winnifrith Bearcast: Sorry Nigel, it is better to travel than to arrive

I forgot to say that day 7 of Joshua’s Advent calendar sees Mary & Joseph arrive in Bethlehem where there is no room at the inn. I then express frustrations with builders.  In the actual podcast I look at why I disagree with Margaret Hodge MP with whom I share a virtual platform shortly on anonymity on the internet, Ariana (AAU) where I am, of course, a loyal shareholder, Telit (TCM), and Coral Products (CRU).

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AAU
AAU
PREMIUM CONTENT

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

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.

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PREMIUM CONTENT

Panther Metals – Small Placing at 10p, red flag or cue to buy the shares?

Standard-listed Australian Canadian gold explorer Panther Metals (PALM) – chaired by Kerim Sener of AIM-listed Ariana Resources (AAU) – has announced another small fundraise, this time £300,000 worth of new shares at 10p a pop to give the company funding “well into 2021” as it progresses its portfolio of gold assets.

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AAU
AAU
PREMIUM CONTENT

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

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…

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AAU
AAU
PREMIUM CONTENT

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

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…

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AAU
AAU
PREMIUM CONTENT

Ariana Resources – Stonking Q3 Numbers

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.

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GPM
GPM
PREMIUM CONTENT

Hard Decisions as the Golden Prospect deadline approaches

I have been chewing over what to do about my little stash of subscription shares for fully listed Golden Prospect (full shares: GPM, subs: GPSS) as the deadline for coughing up the subscription price is almost upon us. There are hard decisions to be made….

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AAU
AAU

Ariana update: shares up, stance downgraded to strong hold

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.

Gold
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The View from the Montana Log-Cabin, What gold shares to BUY and what I am holding now

As I pile up my cans of beans and bury a bit more gold in the woods behind my log-cabin, I look at the outside world with dismay. Europe and the UK is locked down again – the UK seemingly on outdated flimsy evidence – and the central banks are once again printing money without regard to history. So much for a V-shaped recovery, we are headed for a double-dip recession or worse.

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Trump
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Special Report: Three stocks to buy ahead of the US election

Tom Winnifrith writes: In 2016 the polls, the entire media class and the betting markets predicted that Hillary Clinton would defeat Donald Trump. On election day we were assured that crooked Hillary had a 92% chance of winning and the fake news folks round at the BBC were preparing for the victory party. I studied US politics at Oxford and, having lived in America, have always been fascinated by the subject and my detailed state by state analysis led me to predict, from some weeks out, that Trump would win. So what of 2020 – voting is on Tuesday…

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

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…..

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AAU
AAU

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

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.

Bearcast
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Tom Winnifrith Bearcast: Olaf imprisoned by Covid deranged Queens & my gold stocks reviewed

Queens Colleage Oxford has enccouraged students to snitch on their peers and my daughter, now under house arrest, has fallen victim. What a mad and dark world we live in. After discussing this I look at all the mining stocks I own and one I sold, reviewing where we are now and where the real excitement lies at: Kefi (KEFI), Bluebird Merchant Ventures (BMV), Centamin (CEY), AEX Gold (AEXG), Ariana (AAU), Asiamet (ARS), Jubilee Metals (JLP), Pensana (PRE) and Red Rock Resources (RRR).

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Gold
PREMIUM CONTENT

Gold: correction rumbles on and roundup from a relaxed Montana Log-Cabin

The correction in Gold and gold stocks continues and I am waiting patiently, relaxed as I am with my feet up as I sit on the veranda of my Montana log-cabin. It seems that the US election is taking centre-stage: I am not sure why, as both sides are promising the long-awaited fiscal stimulus, although Biden appears to offer more. But the outcome (or lack of one) will not make Covid-19 go away. The economic damage will therefore continue.

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AAU
AAU
PREMIUM CONTENT

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

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…

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Gold
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View from the Montana Log-Cabin as Gold continues to correct...

One day gold is up, the next it is down – but the overall picture is one of not going anywhere. Gold was threatening to start to rebuild a head of steam and then Donald Trump announced that fiscal stimulus talks were to be suspended until after the US elections….and gold retreated again. I’m not sure why – both sides are promising to load the country up with more debt and a new package is a certainty once the election is over…

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Optibiotix – when will the business momentum turn into share price action?

I have a small holding in AIM-listed Optibiotix (OPTI) – perhaps Tom Winnifrith’s favourite stock. It has been a wild ride, with the shares having headed above £1 a pop but the stock has certainly been in the doldrums recently, having tested 50p over the summer and has now perked up to just 63p. Yet we are getting an extended flurry of contracts and deals which should transform this business, which as far as I can see has little issue over cash whilst we await the mega-profits promised. What gives?…

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AAU
AAU
PREMIUM CONTENT

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

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…

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Gold
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View from the Montana Log-Cabin – Gold analyst Jordan Roy-Byrne is infuriating!

At the weekend, ShareProphets’ favourite technical analyst seemed at his bearish worst, warning that the correction hasn’t played out yet, that gold could drop to the low $1800s and you should keep your powder dry. Of course, in the longer term, Jordan Roy-Byrne of TheDailyGold.com is a major gold bull so he sees a pull-back as an opportunity. On the other hand, I have been suggesting selective accumulation as and when the opportunity presents itself. And yesterday, almost as soon as Roy-Byrne’s thoughts were out, the gold price went into a tail-spin – he is infuriating!…

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Gold
PREMIUM CONTENT

Gold – How are my shares at the Montana Log-Cabin doing?

In between snoozes with my feet up on the balcony at the Montana log-cabin, I commented yesterday that things were looking up even though a correction in gold and gold stocks is playing out. The numbers contain some surprises even for me….

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GPM
GPM
PREMIUM CONTENT

The View from, over my gold pile, at the Montana Log-Cabin……Yawn!

If you are invested in big players on the Nasdaq or the Dow Jones it has been an interesting week so far. I say “interesting”, but it is in the Chinese sense – others might view it as worrying. One minute they are crashing, the next they are up sharply. The fear has to be that we could be about to head sharply south but there are enough buy-the-dips investors still around….for now. Gold, on the other hand, is caught in a range of around $1900 to just under $2000 per ounce.

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Gold
PREMIUM CONTENT

The View from the Montana Log-Cabin as the Nasdaq sells off, Gold holds its own and I welcome convert Jeremy Warner of the Daily Telegraph

Phew – that was quite a week! Having posted yet another all-time high on Wednesday, the Nasdaq went into a mini-meltdown and dragged the DOW and the S&P with it, albeit to a much lesser extent. Even Bitcoin felt the wobbles as it closed the week at a shade over $10,000 having notched up almost $12,000 during the week. But as I sit here on the veranda of my log-cabin gazing out into the woods (where my secret stash of Gold is buried) it was a week of relative peace: it went up to just shy of $2,000 per oz and closed the week at $1935. Crisis? What crisis?

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AAU
AAU
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Ariana – Cracking news from Arzu South

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……

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Standard-listed Panther Metals: a highly speculative buy at 9.6p?

There are many reasons to dismiss Standard-listed Panther Metals (PALM). For a start, having decided to depart the Nex (now Aquis) lobster-pot, it opted for the somewhat tainted waters of the Standard List, rather than a full listing (which, to be fair, at the time would have been a bit of a joke as its market cap would have been very small). And its Broker is that bastion of the bottom end of AIM, Peterhouse Corporate Finance. My immediate reaction is already to wave a red flag over this investment. But there are some attractions – enough to warrant a small spot in the cellar of the Montana Log-Cabin?

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Gold
PREMIUM CONTENT

Going Shopping for gold shares at the Montana Log-Cabin

I said yesterday, as I welcomed our own David Scott to the Montana Log-Cabin for beans and gold-talk, that I felt it was time once again to get out the buying boots and feast carefully on gold stocks. So I did.

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Gold
PREMIUM CONTENT

The View from the Montana Log-Cabin as it welcomes our own David Scott for Beans by the Fire to talk Gold

And so Buzz Lightyear “QE to Infinity and beyond” of the US Federal Reserve spoke at the virtual Jackson Hole economic summit for the great and the good of Central Banking. Reading between the lines, we can expect higher inflation but interest rates will stay low on the other side of the pond. That, of course, means that US Treasuries are set to lose investors’ money as inflation eats into the capital invested. As we all know, if the US sneezes the rest of us catch a cold, so expect the same thing this side of the pond. That was the news, but there seems to be a point that has been missed.

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Bearcast
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Tom Winnifrith Bearcast: Am I a nicer and more sociable guy than Luke Johnson and has Boohoo boobed in Leicester?

I start with a look at Boohoo (BOO) shares which are failing on the back of reports in a paper founded on profits from the slave trade that suppliers in Leicester are using slave labour. Then I ask whether Luke Johnson or I am more sociable and what this means about folks stopping work from home. Then onto gold stocks in general: Hummingbird (HUM), Kefi (KEFI), Red Rock Resources (RRR), and Ariana (AAU). I look at Amigo (AMGO), Attis Oil (AOGL), and finally why today’s shocking Versarien (VRS) expose really could indicate a major scandal. Footnote:

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AAU
AAU
PREMIUM CONTENT

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

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.

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Tom

Tom Winnifrith Shareshow Number 7: Two and a half hours on gold as it hits record high, what to buy or should I play the "green revolution" instead?

And now from Wales, by just 30 yards, it is my new, I hope, weekly video show. This costs 99p per episode, and you can either listen to, or watch some sparky interviews with Nigel Somerville on gold and where it goes next, on how to play the gold bull market, what stocks to buy and what non stocks to buy and how a gold bug positions the rest of his portfolio. Then Paul Atherley from a non gold miner, Pensana Rare Earths (PRE), a play on all this green shit everyone – bar me – seems to love. And I explain why I have bought Pensana shares even though I think man-made global warming is utter bunkum. Finally two stocks where the valuation is insane: Dev Clever (DEV) and Trainline (TRN). You can access the show HERE

Bearcast
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Tom Winnifrith Bonus Bearcast: Bell, Adams & Bird are only heros because gold is going up, right?

I start this bonus bearcast prompted by your emails and comments while I started to make some Damson Jam with Joshua with a few comments on the wisdom or otherwise of averaging down with reference to Wishbone Gold (WSBN). Then I look at NoGold’s claim (poor fellow having no gold exposure of late) that gold is being driven higher by herd behaviour. Finally, I am told that Messrs Andrew Bell (Red Rock Resources -RRR), Colin Bird (Xtract Resources – XTR, and others), and Harry Adams (Kefi) are only looking like heroes rather than zeros, as has been the case for many years, because gold is going higher. Referencing also Mr Kerim Sener of Ariana Resources (AAU), I discuss this and the nature of investing in mining stocks. 

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Gold
PREMIUM CONTENT

Gold Wobbles but the Montana Log-Cabin stands firm

Jordan Roy-Byrne warns that judging by past events gold is likely to be a bit wobbly in the wake of the correction over the last few days. Thus we have seen gold fall from a high of $2067 to a low point of $1885-ish, a recovery back over $2000 and now we are wobbling around $1990 per ounce. But in the greater scheme of things, given that we have risen from around $1560 per ounce this year, these wobbles don’t add up to much. My Montana log-cabin stands firm.

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Gold
PREMIUM CONTENT

Gold – the Montana Log-Cabin welcomes a visit from Warren Buffett

If you thought the gold bull market was over, think again for Warren Buffett has joined the party. ShareProphets fave Jordan Roy-Byrne of TheDailyGold.com picked up a regulatory holdings announcement that Berkshire Hathaway is now the proud owner of 1.2% of Barrick Gold, and that David Einhorn’s Greenlight Capital has been piling into the GDX ETF.

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Bearcast
PREMIUM CONTENT

Tom Winnnifrith Bearcast: Should I protest at Turkey's invasion of Greek waters by selling Ariana as I argue we should all #BoycottTurkey?

I discuss this ethical question as my brother in law salivates at the idea of picking up a gun and heading off to fight the invading Infidels.  Should I sell Ariana (AAU) or not? I look at wider gold issues. I cover Versarien (VRS), ASOS (ASC), the so called economic recovery, and finally Verditek (VFTK) where I am vindicated by today’s fess up but it is not enough of a mea culpa, boardroom heads should be rolling. The stock is, pro tem, uninvestable.

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Gold
PREMIUM CONTENT

View from the Montana Log Cabin – Am I worried about gold and gold shares ? No, time to get the buying boots out!

And so the correction in gold and gold equities is in full swing. Jordan Roy-Byrne of TheDailyGold.com was right (yet again) all along. Should I sell anything or just sit it out on my veranda overlooking the woods where my secret stash of the yellow metal is buried, with my feet up?…

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: I will be spending a lot of time with the FCA it seems

I start with a few other comments on Greek Hovel matters. Then I move on to talk about three companies which I shall be or are discussing with the FCA: Zenith (ZEN), Eqtec (DOG), and Verditek (VDTK). Then onto NatWest Group (NWG) where I apologise for my bad language. Finally my thoughts on the gold price and comments on gold stocks I own: Centamin (CEY), Ariana (AAU), Kefi (KEFI), Bluebird Merchant (BMV), and Xtract (XTR).

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Gold

The View from the Montana Log-Cabin: (very) Simple Philosophy, Economics, Gold and Benjamin Graham

The gold price is overdue a correction but keeps on going up. Gold shares are also overdue a correction and keep trying to slide – only to be pulled northwards again as the gold (and silver) price heads north. Do I care? Not really, because in a year’s time they will all be substantially higher. But there are some points worth making as I chew the situation over whilst relaxing on the veranda of my log cabin looking out over the woods.

XTR
XTR

Video: Volatile Selloffs Expected Before $10,000 Gold and $300 Silver

And you thought that our own Nigel Somerville was nutso. Meet macro strategist David Hunter. Hmm, now what are my shares in Ariana (AAU) & Xtract Resources (XTR)worth on a DCF basis with gold at $10,000 oz? I am only kidding; this is quite literally insane.

Gold
PREMIUM CONTENT

Gold Smashes Through $2000 – and still more to come

I said the other day that the gold market looked like it was ready for a correction. We’ve had a big run, everything is overbought etc etc – the gold market needs to correct, to blow away the froth. The problem has been that every time it looks as though a bit of selling will settle in, more bad data emerges and off we go upwards once again. Yesterday the Fed was effectively suggesting inflation is good and interest rates will stay put at zero, Nancy Pelosi was suggesting that $600 a week cheques would not disincentivise people from returning to work, the Democrats and Repulicans are apparently homing in on another stimulus package (funded by the Fed’s money printing machine) and apparently the Fed thinks that your average American will invest in US government bonds for ten years at an interest rate of 0.5%, which is well below the inflation rate. Meanwhile the US dollar resumed its slide and gold broke through $2000. Real world vs fantasy-land.

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Gold
PREMIUM CONTENT

Gold – the view from the log cabin in Montana is mighty fine... but be careful out there!

This is a strange correction in gold, as the gold price has continued higher and closed last night at a monthly, weekly and all-time record high! Gold stocks are a shade off recent highs, but only just. Where I sit relaxing on the veranda of my log-cabin with my baked beans warming over the fire, it seems that on the one hand the gold market wants a correction which is surely overdue, but the economic data just keeps on getting worse and worse, forcing another surge…

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: Versarien, Lanstead, Innovate UK - chapter & verse on what is being hidden and what Nomad SP Angel MUST do next

There are breaches of TR1 rules and a lack of transparency on Versarien’s (VRS) cash position. We need clarity, and that clarity will demonstrate why the £5 million UK taxpayer loan is 100% illegal. I move from one dog to two others: Iconic (ICON) and Supply@ME Capital (SYME) before offering some price targets on Ariana (AAU) where I am a very happy shareholder.

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AAU
AAU
PREMIUM CONTENT

Ariana – Salinbas Upgade sees share price target hiked

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……

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AAU
AAU
PREMIUM CONTENT

Ariana Resources – FY19 results show great promise

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…

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Tom

Tom Winnifrith Shareshow No 6: 2 hours 17 mins of Richard Poulden on the collapse of the west and of empires, Kerim Sener of Ariana and me on Supply@ME capital and 6 more shorts

And now from Wales, by just 30 yards, it is my new, I hope, weekly video show. This costs 99p per episode, and you can either listen to, or watch some sparky interviews with Richard Poulden on the collapse of empires but also of the West at every level.  Also covered is the death of oil and how we should save our finances against such a backdrop and with Kerim Sener of Ariana (AAU). I also explain why Supply@ME Capital (SYME) is a crooked zero and I review the six short ideas from the previous five shows, one of which is already a zero. You can access the show HERE

Gold
PREMIUM CONTENT

News from the Montana Log-Cabin as Gold posts a record high

We are not quite at the all-time high, but Gold posted an all-time high last night in terms of its weekly close, is US dollar terms. We have moved a long way very fast: just 17 days ago the yellow metal cracked $1800 and only in March the price dipped below $1500. Year on year the price is up by around a third. I noted the other day the danger of a bit of a pull-back, but it hasn’t quite happened yet.

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AAU
AAU
PREMIUM CONTENT

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

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?

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Gold
PREMIUM CONTENT

Gold and Silver heading high – word from the Hermit’s log-cabin in Montana

Gold has been heading steadily higher towards its all-time high (in US dollar term) of $1920 per oz way back in September 2011. Last seen it was sitting at $1880 – within spitting distance of the all-time mark. Meanwhile its little brother, Silver, has been shooting the lights out, having broken through a six-year ceiling at $20 an ounce and has raced higher to $22.66. So is it time to sell yet?

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AAU
AAU
PREMIUM CONTENT

Ariana – MineProphets grilling by Tom Winnifrith underlines my bullishness

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…..

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AAU
AAU
PREMIUM CONTENT

Ariana – Psst, I have a dirty little secret!

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.

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Gold
PREMIUM CONTENT

Gold cracks $1800 (just): what to do now, and is it Ouzo time yet?

I have not yet drunk myself under the table following Gold’s passing $1800, although there is a small bottle of Ouzo which has come to my attention in the cupboard. The question is perhaps where now and how to play it, but the bigger question for me is just how bad things are going to get.

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Gold
PREMIUM CONTENT

Gold knocking at the door of $1800, on the cusp of a big move?

As I write, gold is battling towards $1800 again. We are not there yet, but there are signs for optimism that the mini-correction in gold and gold stocks is coming to an end. When I use the term “correction” please do bear in mind that it can be a correction in price or just time. So what are the signs giving me optimism?

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast - I apologise to the FCA

Thanks for the kind words about looming paternity leave for an old man.  Ahead of that the stench is not of nappies but of wrong doing at Versarien (VRS) and at Supply@ME Capital (SYME). I apologise to the FCA over Redcentric (RCN) and offer handy advice to Catenae (CTEA) as the share price goes bonkers. And Darren has fixed everything so please book your seat for MineProphets ( where Ariana (AAU) has just signed up) on July 18 HERE. 

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AAU
AAU
PREMIUM CONTENT

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

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?

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Gold
PREMIUM CONTENT

Gold – All that glitters…..

I look like a genius right now! Having told readers a week and a half ago to load up on gold stocks and just wait, the gold spot price has surged to a shade over $1777 per ounce, with futures now at $1795 and gold stocks have shaken off some of the correction. So is it time for yet more Ouzo? (perhaps the best hangover cure for Monday’s excesses!)

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AAU
AAU

Ariana Resources – more good news on a gloomy day

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...

Gold
PREMIUM CONTENT

Irrational Exuberance wanes a shade (but not enough), Gold set for another run: my call – buy now and wait.

Last week I warned that markets were ripe for a big tumble in the face of, quoting Alan Greenspan (former head of the US Federal Reserve), irrational exuberance and that according to our favourite technical analyst Jordan Roy-Byrne of TheDailyGold.com gold and gold stocks were likely to offer a great buying opportunity. Well, here we are a week later and markets are down but there is a long way to go, and gold hasn’t gone anywhere……except the mining stocks have, and look set for a rebound.

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Gold
PREMIUM CONTENT

Gold – was that the correction, in double-quick time?

I noted last week that whilst most precious metals experts were saying this was the time to buy gold Jordan Roy-Byrne of TheDailyGold.com was suggesting a correction may be on the cards. Well, gold did indeed slip – as did the gold miner ETFs (so full marks to JRB) and then on Friday it all bounced back again. Was that it?

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Gold
PREMIUM CONTENT

Gold – a correction? What to do with Centamin and Ariana?

Amid all the bullish calls for Gold, Jordan Roy-Byrne of TheDailyGold.com is suggesting a correction could have started last week. Of course, he has no crystal ball as he is the first to admit, but historical resistance has been hit by the gold price, by the gold-producer majors (as per the GDX ETF) and the gold “juniors” as per the GDXJ ETF – which is a basket of not-so-junior stocks. So what to do?

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AAU
AAU
PREMIUM CONTENT

Ariana – exciting times!

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?

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AAU
AAU

Ariana – more good news, this time ref Kizilcukor

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.

Gold
PREMIUM CONTENT

Gold: Some takeaways from the ShareProphets Shares Conference and my thoughts on Ariana

Yesterday’s online extravaganza at our one-off ShareProphets Shares Conference was sensational - all the videos are now up for a la carte selection if you are yet to view. Just for a start, the technical side was pretty ground-breaking and there were some who thought that technical matters would get in the way, but Darren did a fantastic job (although I don’t think we’ll be seeing him today as he recovers from the marathon). And then there was Tom Winnifrith on a marathon serial interview session – sixty hours of it! Stunning. Absolutely stunning. And the content was exceptional – whether or not you agreed with what was being said, it was presented logically, tested incisively by Tom and there was much to make me sit up and think. And that brings me to the yellow metal.

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AAU
AAU
PREMIUM CONTENT

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

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……

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Gold
PREMIUM CONTENT

Gold riding the crest of a wave – and there’s plenty more to come, as Hargreaves Lansdown misses another trick

I see that our favourite technical analyst, Jordan Roy-Byrne of TheDailyGold.com is getting ever more bullish. Although he is a gold-bull, he is often rather dour in his opinions shorter term but it seems that the flood-gates have opened – not just with reference to his charts but with reference to anything to do with gold. More importantly, it seems that the big institutional money has finally started to arrive. Bank of America has slapped at $3000 target on the price of an ounce of gold over the coming eighteen months, well up on its previous forecast of $2000.

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AAU
AAU
PREMIUM CONTENT

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

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.

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AAU
AAU
PREMIUM CONTENT

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

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……

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AAU
AAU
PREMIUM CONTENT

Ariana – now 3.5p to sell but should I?

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.

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Gold
PREMIUM CONTENT

A round-up of my Gold holdings. Maybe some useful suggestions….and a total bargepole!

As per my earlier piece, developments in the gold market have left me feeling very enthusiastic so I thought I would offer my thoughts on my various gold holdings, including AIM-listed Ariana (AAU) and Bluebird Merchant Ventures (BMV), fully-listed Centamin (CEY) and the BlackRock Gold & General and Junior Gold unit trusts – and a couple of other corners.

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AAU
AAU
PREMIUM CONTENT

Ariana – the good news keeps on flowing

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.

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AAU
AAU
PREMIUM CONTENT

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

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?...

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Gold
PREMIUM CONTENT

Gold – prepare for a Rip-Roaring bull market says Jordan Roy-Byrne, but it may be a while

All bear markets are different, but it strikes me that the current one does bear some resemblance to the banking crisis of 2008. For a start, the apparent solution is more money printing from the central banks and more record-low interest rates. And that brings me to gold.

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AAU
AAU
PREMIUM CONTENT

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

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…..

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Bear
PREMIUM CONTENT

Sitting on my hands, as you should too….with a few exceptions.

It has been a truly wild period on the stock market and I fear it is going to get worse before it gets better. The coronavirus has ripped through everything and it is panic stations on the markets – as well as in the supermarkets. Some of it is logical: I’m not sure I would want to own shares in an airline right now, nor a restaurant business, and I would not be surprised to see some casualties in the fullness of time if the coronavirus plays out as seems to be expected.

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Gold
PREMIUM CONTENT

How are my favourite two gold stocks doing?

My favourite two gold stocks are AIM-listed Ariana Resources (AAU) and fully-listed Centamin (CEY). Both operate in far flung fields – Turkey in the former’s case, and Egypt in the latter’s – and both are producing gold. Of course, Ariana is amongst the tiddliest tiddlers and Centamin hasn’t so far to travel before reaching consideration for the FTSE100 (I wish!) so there is the world of difference between the two. But Ariana has been a long-term tip for me, joined by Centamin this Christmas...

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AAU
AAU
PREMIUM CONTENT

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

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”

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AAU
AAU
PREMIUM CONTENT

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

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.

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Gold
PREMIUM CONTENT

Gold – ultimate safe haven hits new record & the stocks to buy now (now with charts!)

ShareProphets’ favourite technical analyst, Jordan Roy-Byrne of TheDailyGold.com, has been very bullish on Gold for a while. His short term view has been that gold is in a correction but that one should treat that as a great opportunity to get positioned for his long term view that a big rise is on the way. Well, it does start to look as though he is being vindicated.

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AAU
AAU

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

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.

AAU
AAU
PREMIUM CONTENT

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

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…

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AAU
AAU
PREMIUM CONTENT

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

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!)...

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AAU
AAU
PREMIUM CONTENT

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

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.

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AAU
AAU
PREMIUM CONTENT

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

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”

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AAU
AAU

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

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.

Gold
PREMIUM CONTENT

Gold – Jordan Roy-Byrne, a stockmarket correction and what I am up to

Jordan Roy-Byrne of TheDailyGold.com continues to be uber-bullish on gold and precious metals in general, even if he always seems to be a short-term bear. His latest thoughts can be found HERE and HERE and perhaps suggest that he was a little too bearish as gold corrected from last year’s race higher. But his market calls have been spot on since I started following his commentary and with a latest call that stockmarkets are in for a correction we should sit up and take notice. Unfortunatey, he does not see gold taking out the 2019 high any time soon, however.

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AAU
AAU
PREMIUM CONTENT

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

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…

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AAU
AAU

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

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.

AAU
AAU
PREMIUM CONTENT

Ariana Resources – Arzu South drilling results offer further encouragement

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”

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Pound-Sterling

Looking back over my 2019 New Year tips

Last year it was a case of sack-cloth and ashes as my tips had been Minoan (MIN) and less of a disastrous foray with Bowleven (BLVN). Both are worth holding onto at the moment, in my view, but as tips for 2018 they were pretty horrible. Fortunately my 2019 picks did much better, as I plumped with Ariana (AAU) on the long side and Interserve (IRV) as a short.

AAU
AAU
PREMIUM CONTENT

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

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?

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AAU
AAU
PREMIUM CONTENT

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

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...

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: Tin hat on time as the Morons and greedy City w*nkers are exposed again and don't like it

In today's podcast I look at the lessons from the Oracle (ORCP) debacle, at gold miners and how M&A will destroy value over the next 24 months, at Kefi (KEFI), Ariana (AAU) and at long term AIM uber dog Sareum (SAR)

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

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.

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

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”

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

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

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AAU
AAU

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

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”

CHF
CHF
PREMIUM CONTENT

Doc Holiday is ‘avin’ a Turkish with Chesterfield Resources

My pal, Liverpool’s top share blogger, Doc Holiday calls many shares correctly but his latest twitter call on Standard listed Chesterfield Resources (CHF), below, is bonkers. He is ‘avin’ a Turkish when he claims that the shares, now 3p-3.5p could be trading at 15-20p. Let me explain…

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

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”

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AAU
AAU

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

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…

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

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.

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AAU
AAU

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

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…

Gold
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Gold – all the “Experts” are mega-bulls……except ShareProphets fave Jordan Roy-Byrne, and what I am doing.

I like Jordan Roy-Byrne’s analysis – even though he’s a technical analyst. Part of that is because he doesn’t draw magic squiggly lines and predict what the CEO of a company will have for breakfast next Tuesday. Part of it, however, is that he’s not just a technical analyst – he learns from history too (something I wish the great and the good at Westminster would follow), and looks at fundamentals too. So with all the gold so-called experts seemingly in mega-bull mode (and we’ve featured a good many on ShareProphets), for balance I thought I would share some of his thinking, because he’s no bull right now – although be in no doubt, he is in the longer term.

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AAU
AAU

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

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.

AAU
AAU
PREMIUM CONTENT

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

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.

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Gold
PREMIUM CONTENT

Gold – rushing ever higher but Jordan Roy-Byrne seems to be getting nervous in the very short term, and what I will do

ShareProphets favourite technical analyst Jordan Roy-Byrne has been a bit of a hero over the last few months, correctly calling the gold price higher and higher. But he seems to be getting a little nervous as the yellow metal continues its surge towards $1550 per ounce...

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Gold
PREMIUM CONTENT

Gold – Jordan Roy-Byrne still very bullish after Fed rate cut and Ariana is a buy once again.

I commented three weeks ago that the one technical analyst rated by ShareProphets, Jordan Roy-Byrne, was very bullish as we headed for this week’s well-advertised rated cut by the Fed. Well, the Fed duly delivered but Roy-Byrne is still bullish.

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