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Ariana Resources: 1 director sold
A director at Ariana Resources sold 4,000,000 shares at 4.56p and the significance rating of the trade was 51/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly...
- MarketLine Department
Acacia Mining plc - Mergers & Acquisitions (M&A), Partnerships & Allia...
Summary Marketline's Acacia Mining plc Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Acacia Mining plc since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic a...
- Roger Bade
Millennial Lithium (ML-TSX-V) - My PEA's better than yours
The compliant Preliminary Economic Assessment (PEA) on their Pastos Grandes lithium brine project in Argentina is encouraging, although they are using a fancy average lithium carbonate equivalent (LCE) price assumption of US$13,500 per tonne ($/t). For a 25,000 tonnes per annum of LCE over 25 years, with a 3 year ramp up period, the up-front cost is $410m. Using $13,500/t for LCE, they estimate an after-tax Internal Rate of Return (IRR) of 23.4% and an after-tax Net Present Value (NPV) of $607...
- Roger Bade
Base Metals - Copper prices shoot up again
Copper remains rampant and is now up three US cents per pound ($/lb.) at $3.13/lb. The Financial Times reports that not only Chinese speculators are pushing, but hedge funds have piled in as well on electric vehicle hopes. Apparently today’s move is a result of expectations for good forthcoming economic data from China.
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
Update: Deal brings Australian lithium exposure
While its Red Rabbit JV progresses the Kiziltepe mine towards first production in H216, Ariana has made strides towards involvement in the burgeoning lithium exploration space. A deal has been completed between its 86%-owned Australian subsidiary Asgard Metals, Slipstream Resources Investments and ASX-listed junior Dakota Minerals, with the latter looking to develop a number of lithium-tantalum bearing tenements in the Pilbara region of Western Australia. Although at the greenfield stage, the sp...
Outlook: The Gordian Knot untied
Following the approval of its long-awaited forestry permit, Ariana has commenced development of the Kiziltepe mine, which will transform Ariana on completion (along with its 50% partner Proccea who will manage the construction phase) from an exploration play to a gold producer for the first time. First production is expected H216. Along with permitting news, comes Kiziltepe’s classification as Strategic Investment Status, providing significant tax breaks for the project in the early years of i...
Flash note: All go for mine construction, start-up 2016
After a 13-month delay, Ariana Resources has finally received approval for its forestry permit – the critical permit needed to go ahead with mine construction. This announcement triggers release of the c US$24m principal loan amount secured with a Turkish bank and allows Proccea Construction (Ariana’s JV partner) to begin building the Kiziltepe mine. Once completed, proceeds from the Red Rabbit JV will be shared 51:49 between Ariana and Proccea respectively.
Update: Salinbas, Ariana’s other JV
Ariana has a joint venture with Eldorado Gold (51%) over the Salinbas-Ardala projects in NE Turkey. Focusing on Salinbas only due to its sizeable (1Mt for c 0.84Moz AuE) gold-silver resource, initial cost data indicate a low-cost, low-capex (c US$25m) heap leach project. Further technical work is critical to defining Salinbas’s value, but our first-pass DCF valuation of the project points to a potential value for Ariana’s current 49% interest in the JV of 1.10p. This does not form part of ou...
Update: Red Rabbit financed
Ariana has secured 100% of the financing required for its eventual 50% interest in the Kiziltepe Mine (part of the Red Rabbit JV held with partner Proccea Construction). Financing, as expected, is 100% debt and was secured with Turkish bank Turkiye Finans Katilim Bankasi AS. It is structured using participatory banking principles and carries no requirement for hedging. Ariana and Proccea now need to obtain the final forestry permit from the Turkish government to begin construction, which is expe...
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