44 days ago
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…..
66 days ago
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?
76 days ago
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’).
78 days ago
Yesterday saw more good news from AIM-listed Gold-producer in Turkey Ariana Resources (AAU) in the form of another round of drilling results, this time from Cyprus.
138 days ago
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.
143 days ago
Around six weeks ago I covered the IPO of a small mining company called Caerus Mineral Resources (CMRS) and noted that it looked interesting for anyone who liked these small, speculative type of plays.
148 days ago
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.
219 days ago
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?
253 days ago
Ariana Resources (AAU) has announced full-year 2020 production results and updated on progress as it advances development and exploration activities…
258 days ago
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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