You certainly wouldn’t know it by looking at the share price, but Ariana Resources is gearing up for the next leg of its publicity road show!
We recently had a chance to speak to Managing Director Kerim Sener and he was extremely upbeat about his forthcoming trip to Turkey which includes development meetings with prospective joint venture partner Proccea. This JV will see Proccea investing $8 million in return for a 50% stake in Ariana's gold development project, dubbed "Red Rabbit", in order to to fast track it into full production.
We recently had a chance to speak to Managing Director Kerim Sener and he was extremely upbeat about his forthcoming trip to Turkey which includes development meetings with prospective joint venture partner Proccea. This JV will see Proccea investing $8 million in return for a 50% stake in Ariana's gold development project, dubbed "Red Rabbit", in order to to fast track it into full production.
Whilst understandably, he wouldn’t be pressed on a likely date for signing the JV (I quote “ we said we expect to complete in Q1 and its all going very well” ), Kerim will be returning to the UK for a Proactive Investor one2one presentation on 24th February and he is most keen to see a good turn out, so he can meet shareholders new and old, and bring everyone up to speed with the Ariana story.
He also suggested that healthy news flow can be expected going forward, both market news and also through regular shareholder updates. This will be of particular interest to those who like to keep an ear close to the ground and track progress. To this end, the company has also started using the Twitter site. We love Twitter - it has had a big impact on Miningmaven, bringing in new followers from around the globe. Many North American juniors use it, but we think Ariana is the first AIM junior to join. To follow Ariana on Twitter, click here
Keeping shareholders close and staying in touch looks like becoming a priority for the company going forward. However, whilst most shareholders use nominee accounts these days, it is not always easy or even possible for companies to find out who their shareholders actually are.
Bearing in mind the expected developments and news flow, this is somewhat frustrating for Ariana. They want to communicate directly with shareholders and understandably so. In this respect the Company have expressed a desire to forge strong relationships with all their shareholders and would like see more people joining their mailing list on the website. They invite you to sign up for news updates through this priority link here.
We are also looking forward to the presentation on the 24th and very keen to hear news on the JV. If you haven’t already had your invitation for the presentation, you can register here.
Roll on the 24th of February!!
This summary represents the views and opinions of Miningmaven, has been prepared for information and educational purposes only and should not be considered as investment advice or a recommendation. All opinions expressed in this weblog are those of the author and should not be construed as being made on behalf of any featured Company.
Readers are advised to do their own extensive research before buying shares which, as with all small cap exploration stocks, should be viewed as high risk. Investors should also seek the advice of their investment adviser or stockbroker, as they deem appropriate.
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