Keyword results: Turkey

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AAU
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BUY Ariana – Drilling At Salinbas and Tavsan

AIM-listed Gold and Silver producer in Turkey, Ariana Resources (AAU) has announced that exploration at the Salinbas project and at the forthcoming second Gold mine at Tavsan has kicked off in a mid-winter programme which will inevitably present some challenges for the three-way joint venture in which Ariana holds 23.5% alongside Ozaltin and Proccea.

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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 – 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.

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
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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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UK Oil & Gas: yes it is a Turkey! It's official.

Do you remember a few days ago when Lyin’ Steve Sanderson of UK Oil & Gas (UKOG) issued an RNS to tell us about the operational problems at the Basur-3 drilling site in Turkey, the one last drilled before England won the World Cup? No. For Lyin’ Steve neglected to tell us about that bad news as AIM Rules suggest he should have. But fear not! The problem has been solved, well sort of.

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AAU
AAU
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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
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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

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
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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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AAU

Ariana – More Drilling Results, This Time From Cyprus

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.

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

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

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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.

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.

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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

UK Oil and Gas – I Do Like Friday Afternoon Jokes

I get regular e-mails every Friday with often rude, but always amusing jokes. But nothing is a bigger joke or more amusing than UK Oil and Gas (UKOG) year-end accounts. This year was no disappointment and really had me chuckling – perhaps the Chairman had Tom Winnifrith and myself in his sights while he tried to justify the total disaster?

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UK Oil & Gas – The madness of AIM (and retail Gamblers)

Tom commented yesterday on UK Oil & Gas (UKOG) in bearcast. This is the company backed by British Investors, but mainly by Turkeys, and where  the share price is roofing it. The share price is moving up again today. This is utter madness.

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AAU
AAU
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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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AAU
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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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AAU
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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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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.

PREMIUM CONTENT

UK Oil & Gas – Obituary (Horse Hill died today and here is why)

UK Oil & Gas (UKOG), the company (Backed by British Investors, but mainly by Turkeys) has provided me with much amusement today with not one, but two RNS statements on the current state of play. I wish the Horse Hill update was issued in time for my breakfast – it would have been Ouzo not milk on the cornflakes!

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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
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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

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.

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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.

PREMIUM CONTENT

UK Oil & Gas – More Turkish Delight but knackers yard for Horse Hill? Target Price 0p

UK Oil & Gas (UKOG), the company (backed by British Investors, but mainly by Turkeys) has now confirmed, at least to me, that the Weald Basin rampathon has all been for nothing. Despite a desperate need for a water injection well at Horse Hill to maintain reservoir pressure and hence production rate, the company is buying unexplored acreage in Turkey with no seismic coverage.

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AAU
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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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AAU
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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

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.

Bearcast
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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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UK Oil & Gas – Turkey at the end of the rainbow, buts it’s all (SHIT) to me

I am fortunate – I’m on holiday currently courtesy of my beautiful and dutiful partner in my family homelands of North Devon, while apparently ramping Synairgen (SNG) according to Tom! But more importantly, perhaps you heard me yesterday morning across in South Wales as I read and expressed my views on the latest news from UK Oil & Gas (UKOG), in between the chortling at Tom’s comments? I had a rather more than a big chuckle at 07:05 to read UK Oil & Gas (UKOG) is going into business with Aladdin Middle East Ltd. Perhaps it has a magic lamp complete with genie and flying carpet to whisk shareholders to a more profitable place? Without that I see nothing but more dilution, ramping rollocks and of course a re-branding...

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AAU
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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

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.

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AAU
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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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AAU
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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
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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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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

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.

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AAU
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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
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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
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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
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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
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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
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Ariana Resources – a buy again?

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

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CEY
CEY

Centamin – Full marks to Gary Newman as Interims impress and divi is raised

I commented that I had bought shares in fully-listed Egyptian gold miner Centamin (CEY) at around £1 with the proceeds of my part-sale  of AIM-listed Turkish goldie Ariana (AAU), partly thanks to Gary Newman who thought that the shares had overreacted to bad news. This morning Centamin reported its Interims…..

AAU
AAU
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Ariana – more positive news as we wait for more numbers

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

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AAU

Ariana – quarterly production figures

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

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AAU

Looking forward to Ariana’s Q4 numbers at Kiziltepe

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

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AAU

Ariana – more exploration results from Salinbas, still a buy

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

AAU
AAU

Ariana – more exploration results from Salinbas: still a buy

AIM-listed Turkish gold miner Ariana (AAU) has this morning updated the market on exploration from Salinbas – part of the Hot Gold Corridor in Eastern Turkey. Having reaffirmed my view that this stock is a buy based on production news the other side of the country, it is pleasing to see share shares respond even if it is this morning’s news which did the trick, rather than my devilish analysis! The shares, having been 1.25p to buy, are now 1.45p to buy...

AAU
AAU
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Ariana Resources – gold production hits a new high: BUY

AIM-listed Turkish gold miner Ariana Resources (AAU) has again announced record gold production from its joint-venture Kiziltepe plant, part of the Red Rabbit project, during its third quarter this year. Production is up to 7,588 ounces of gold (plus 70,346 oz of silver) for Q3 to bring the total for the year so far to 19,625 oz – as against the guidance of 20,000 oz for the full year. Way to go! If they keep that up, the total for the year will be in excess of 27,000 oz – a classic case of underpromising and overdelivering.

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AAU

Ariana Resources – with production & exploration advancing, remains a buy

Ariana Resources (AAU) has announced results for the first half of 2018, including emphasising “production for the year is expected to exceed initial expectations in the second half” and “we are now in the process of committing to a 4,000m RC and diamond drilling programme across certain projects during the remaining 2018 through to 2019 period”

AAU
AAU

Ariana – interims show continued improvement: BUY

AIM-listed gold miner Ariana (AAU) left it until deadline day to produce its interims results (boo, hiss) but the numbers and statement offer plenty to cheer shareholders. For starters, the joint venture gold plant at Kizitepe clocked up £1.1 million of profits for Ariana in the six months to June, which compares well to the £1.8 million for the whole of 2017, and gold production for the half-year (annual target 20,000 oz) came in at over 12,000 oz and a statement that second half production is expected to exceed initial expectations. So far, so good. Of course, profit is a matter of opinion….let’s look at the balance sheet and cashflow.

AAU
AAU
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Ariana – weak gold, Turkey problems but still a buy

AIM-listed Turkish gold producer Ariana (AAU) released the quarterly update of its Red Rabbit joint-venture at Kiziltepe a week and a half ago. We had already been told that gold production had shot the lights out, but the update filled in the detail and it was all good. Meanwhile the gold price has been sliding and Turkey is in some considerable bother which is not good. But on balance I reckon the shares are still a buy.  

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AAU
AAU

Ariana Resources – cash flowing from Kiziltepe, a Buy

Ariana Resources (AAU) has updated on performance from the Kiziltepe mine joint venture, emphasising “strong operational cash flow and “we remain fully on track to deliver on our production guidance for the year”

AAU
AAU
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Ariana – Does Turkish Lira crisis means stance is downgraded? Er, NO!

I have been an avid supporter of AIM-listed gold miner Ariana Resources (AAU) for a long time and have been advocating buying the shares since recommending them last February, as production approached. I like the company, I like head-hocho Kerim Sener who is, in my view, an exception on AIM in that he is straight and I think the news from the company’s joint venture mine at Kiziltepe has been exemplary. In particular, in the wake of the production update last month for Q2, I had been looking forward with some considerable excitement to the full results of that period. But we have a crisis in Turkey: is it a concern?

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AAU
AAU

Ariana – Kiziltepe update: good news, buy

AIM-listed Ariana Resources (AAU) has delivered its Q4 update from its joint-venture Kiziltepe gold mine in Turkey. The news looks to me to be very good on several fronts.

FOX
FOX

Fox Marble – new US sale & further shipments to Turkey, momentum continuing to build: BUY

Fox Marble (FOX) has announced “an important new sales channel for the company into the United States” and further sales under a previously announced agreement to Turkey. Good news on the Turkey front this Thanksgiving..

AAU
AAU

Ariana remains a buy after resource update

I recently wrote a piece HERE expressing my surprise that the share price of Ariana Resources (AAU) had failed to react positively to good news, so it probably shouldn’t have come as a surprise that a decent update on its resource actually resulted in the share price closing slightly lower.

AAU
AAU

Surprising lack of interest in Ariana

Given that the company is now producing gold, I’ve been somewhat surprised by the lacklustre response that the market has given Ariana Resources (AAU) since that news came.

AAU
AAU

Ariana – more to come as we await final sign-off for production

I marked out Turkey-base gold/silver soon-to-be producer AIM-listed Ariana (AAU) as a buy a couple of weeks back at 1.85p bid. Construction at the Kiziltepe facility was almost complete and the company had indicated that a weather window allowing the last bits to be finished had opened up. The RNS duly followed. Now we await word of technical sign-off of the tailing dam, Ministry sign-off and then a local government operations permit and it is all go.  Meanwhile we have had exploration news from Tavsan suggesting significant resource growth potential.

AAU
AAU

Ariana – company chat clearing up a few misunderstandings

I said at the weekend that having several times met Kerim Sener, MD at AIM-listed Ariana Resources (AAU), I felt that he was the exception to prove Mark Twain’s rule. In recommending Ariana (1.85p on the offer at the time, so I’m happy to see the shares now on a spread of 2p -  2.15p) my view was that plant completion, production and therefore cashflow were imminent. We’ve had the completion RNS and we now await the paperwork to allow everything to roll. But who gets first dibs at the bunce?

AAU
AAU

Ariana – a buy as we await that production RNS

Ariana Resources (AAU) is on the cusp of announcing the commencement of gold and silver production from its Kiziltepe mine, part of the Red Rabbit project in Turkey. But for recent extreme weather conditions it would be there already, but the signs are that the big news of final completion and the move to production are imminent and I expect the shares to react positively when the RNS is finally released containing the word “production”.

Bearcast

Tom Winnifrith Bearcast: Red Flags come home to roost for the Sheriff's fave AIM Turkeys

How is that for a Thanksgiving mixed metaphor of a title? In this podcast I look at denial, red flags and bending the rules on the Casino. Among the companies covered today are:  Advanced Oncotherapy (AVO), Cloudtag (CTAG), African Potash (AFPO), Fastjet (FJET) and the insider dealing, Mkango Resources (MKA), London Capital (LCG), Audioboom (BOOM), Milestone Group (MSG) and I flag up that Steve & I have a hot share tip you can access for just £5 coming up very soon HERE

Why I've been buying Genel despite the risks

Geo-political instability can make investments far more risky, but alongside that you will often find the potential for large returns with companies which look undervalued based upon their fundamentals.

EU_flag

Why Britain Should Exit the EU (From an Irishman, in Friendship)

It is the final day of the campaign and most have likely made up their minds or indeed voted already. But please indulge me with a few reasons why I am in favour of Britain leaving the EU.

AAU
AAU

Gold miners like Ariana should benefit from market turmoil

With plenty of turmoil in economies around the world, precious metals look set to show continued strength, particularly when it comes to gold.

Tesco – Back to Basics

Friday saw confirmation from Tesco (TSCO) of two divestments which were anticipated to be in the works.  The first is a proposed sale for cash of £30 million, while the second is the intention to sell (price not yet given). The news signals continued efforts to manage the company’s debt pile and the scale of its ambitions. Let’s take a look.

TCG
TCG

Turkey spotting at Thomas Cook

Bit of a Super Thursday in terms of the magnitude of results but the one that really caught my attention was Thomas Cook (TCG).  19%+ share price falls – at the time of writing - tend to do this.  Of course the reason for this plunge off the diving board is the profits woopsie slipped in a few paragraphs into today’s first half update.  And the reason?  In a word: ‘Turkey’. 

EEP
EEP

Eastern European Property Fund – Value Amongst the Rubble

Foreign property investment enjoyed a boom in the mid-2000s, with a score of new vehicles listing in London and elsewhere. Many of these turned out to be poor or terrible investments. Perhaps we can find some value amongst the rubble: Eastern European Property Fund (EEP), which released its annual report on Tuesday, is trading at a stonking discount to NAV that adventurous investors might find too difficult to ignore.

GKP
GKP

Why do some folk think that the Kurds give a FF about shareholders in Gulf Keystone?

Bombing attacks by Turkey on their kinsman, ISIS chopping off heads of their soldiers? A record heatwave in the region killing the old folk and kids? A war on three fronts? Bugger that, these are but trivial issues for the Government of Kurdistan, top of its agenda is protecting the wealth of Bulletin Board morons who own shares in Gulf Keystone Petroleum (GKP). Well that is what flip flop Ben Turney, Paul Curtis and other bulls of this stock want you to believe. They are wrong.

AAU
AAU

Ariana beware of analysts - I expect my shares to almost treble!

It’s been a busy few days for Ariana Resources (AAU), the Anglo-Turkish gold mine developer. A certain mining analyst who has the hump with Ariana, recently upgraded his assessment of the company from “Sell” to “Hold” following the news last week that Ariana had received its forestry permit approval, paving the way for the company to make the transition from exploration to producer. Within 12 months all being well, Ariana will become Turkey’s next gold producer.

AAU
AAU

Ariana poised to build mine - shares could rally further

Shares in long-term AIM dog Ariana Resources (AAU) have bounced strongly now that the company has finally received formal approval from the Turkish government to proceed with its flagship Red Rabbit gold and silver project, holding a currently estimated 475,000 oz. of gold equivalent in the west of the country. Though still 90% below their 2005 float price of 12p, Ariana shares at 1.19p are more than 50% up from a 0.75p 12-month low, following the formal approval by the Prime Minister’s office in Ankara of a crucial forestry permit for the project.

AAU
AAU

Buy Ariana Resources at 0.95p – target 1.3p to sell PDQ

Like all small gold explorers Ariana Resources (AAU) has been a complete dog of an investment but at 0.95p to buy we think it will bounce and is a very attractive trade. And there are three reasons why.

AAU
AAU

Ariana in project sale discussions

Turkish gold explorer and AIM dog Ariana Resources (AAU) is  talking to several ‘Turkish conglomerates’ about selling all or part of its jointly-owned Salinbas project in the country’s north-eastern Artvin Province, as the AIM-quoted company awaits delayed final permits for its $31 million (£21 million) Kiziltepe project holding an estimated 230,000 oz. in western Turkey. Managing director Kerim Sener says Ariana, with 49% of Salinbas, and its 51% project partner, Toronto-quoted Eldorado Gold, have been hawking Salinbas around for six months and held ‘preliminary discussions’ last week with a local company.

Phorm – time to tell the truth about your Turkish Turkey

In every country that Phorm (PHRM) operates in, the story is the same: initial excitement and share ramping, placing to fund mammoth cashburn, public outcry over its spyware and eventual closure. Now it's time that Phorm told us the truth about Turkey.

STI
STI

Pace quickens for Stratex

Stratex International (STI) expects to end 2014 on a strong note. The London-based AIM company, with gold, copper and molybdenum interests in Turkey and East and West Africa, is taking control of fellow AIM counter, the West African gold play Goldstone Resources (GRL), as it waits for a feasibility study before the end of the year on its porphyry copper, gold and molybdenum joint venture at Muratdere in Turkey’s Bilecik province.

AAU
AAU

Ariana poised for permit

Dr. Kerim Sener, the dogged managing director of unloved Ariana Resources (AAU), says the company could have its key Red Rabbit gold project in western Turkey in production by next July or August following the expected award ‘any time now’ of a long-awaited forestry permit from the authorities. According to Sener, the AIM-quoted company, which clinched a $33 million (£20.6 million) financing deal in July with local bank Turkiye Finans Katilim after winning a $2.2 million mix of government tax and investment incentives, expects Red Rabbit could generate annual cash flow of $10 million, split evenly between Ariana and its partner, local construction group Proccea, for eight years, while also offering significant exploration possibilities around existing deposits.

AAU
AAU

Turkish Mining: Recent Transaction & Permit News Exciting Investors - ref Ariana

The Turkish mining sector has been growing steadily over the past ten years experiencing average year on year growth of 11%. The election of President Erdoğan on the 10th August this year provides certainty over the political direction of the country that has witnessed decent GDP growth of 5.2% each year on average between 2002 and 2011 and 4% growth in 2013. 

Tri-Star poised for antimony upturn

Antinomy, a versatile metal used in fire retardant materials, microelectronics, batteries and bullets, may not be looking too glamourous these days. It has fallen from one-time peaks of around $17,000 (£10,200) a tonne to below $10,000, but Emin Eyi, managing director of AIM-quoted TriStar Resources (TSTR) insists its hour will come. Tri-Star, with antimony deposits in Turkey and Canada, similarly has few outside fans in the stock market just now, having lost £534,000 (or £1.2 million at the operating level) in the first half of the year and seen its shares plunge from 2003’s float price of 27.75p to a barely visible 0.16p.

GKP
GKP

Gulf Keystone; watch Kurdish oil sales

As Iraq adjusts to a new Prime Minister (not a military coup, Tom) and the US Air Force rains down fury on IS fighters, the Kurds have quietly continued to make progress in supplying the international market with their oil. Reuters is on top of this story and over the last few weeks I’ve had a couple of Google Alerts trigger with news of the status of different Kurdish oil shipments. Of all the reports and rumours currently circling around Gulf Keystone (GKP), this could well prove to be the most significant in the long run.

AAU
AAU

Ariana prepares for production

Long-term AIM pariah, Ariana Resources (AAU) can now work at last towards starting production in the middle of next year at its Kiziltepe gold and silver project in the Turkish region of western Anatolia. The London-based company, whose shares had fallen from a 2005 float price of 12p to 0.75p at one point in the past 12 months, has seen its price rally to 1.0-8p, for a stockmarket value of £6.9 million following the first drawdown of $236,000 under its recent $33 million (£19.4 million) credit agreement with international Turkish banking group, Turkiye Finans Katilim Bankjasi.

AAU
AAU

Ariana & Proccea The Team Set to Build Turkey’s Next Gold Mine

I have been spending some time in Turkey recently, visiting a place called Gaziantep, one of the oldest continuously inhabited cities in the world. Just 6o miles from Aleppo in Syria, Gaziantep is Turkey’s industrial powerhouse, its sixth most populous city and if you want to really experience what it is like doing business in Turkey, you just have to visit Gaziantep, least of which you experience some of the best baklava in the world. 

Poor Phorm Tick Tock Tick Tock – 4 weeks to insolvency – now what about your shit in Brazil

I noted in a previous article HERE that Phorm (PHRM) was only a few weeks away from running out of cash and going tits up. Notwithstanding its $10 million fund raise in March it will be on its way to PLC heaven in mid-August unless some more mug punters like Evil Knievil are found to keep this fare going. I know that the company is telling a jam tomorrow story to investors right now. But before they fall for that ask Phorm about Brazil.

Poor Phorm: Now tell us the truth about the “scale back” in Romania, before I get Nastase on you

Poor Phorm (PHRM). It has woes aplenty. First up it runs out of cash and unless some sucker gives it more it will go tits up in six weeks’ time. Secondly it appears unable to tell investors the complete truth about certain of its problems, like being shut down by the regulator in Brazil as I revealed HERE a few days ago. And thirdly it sees that it is not just Brazil where it has problems with regulators.

Poor Phorm – Tell us the TRUTH about the scale back in Brazil before I go nuts

I pointed out on Friday that Phorm (PHRM), having raised £10 million in late march, is now within six weeks of going tits up unless it can find some more folks prepared to piss their hard earned cash up against the wall. Phorm promises potential new investors a bright new future but perhaps such folks might want to look at the past first.

AAU
AAU

ShareProphets Tip of the Week: Buy Ariana Resources at a 0.85p offer

Like most gold juniors Ariana Resources (AAU) has suffered a terrible few years in share price terms. The share price is down from 6.5p less than three years ago but a lot is changing. Now is the time to buy in. Why

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