viewAriana Resources PLC

Much lowing hanging fruit for cash flow positive Ariana Resources

Kerim Sener, managing director of Ariana Resources PLC (LON:AAU) says for the first time in many years the company is cash flow positive and the business is "entering a very exciting period."   He puts the financial stability down to successful operations at Kiziltepe.

Additional funding has come in the form of a capital repatriation from Ariana's Turkish subsidiary Galata with the recent tranche of £3.79mln being deployed across all projects in the group.

Sener highlighted advanced opportunities at Kizilcukur and Salinbas adding "We're in the fortunate position of several low hanging fruit."

Quick facts: Ariana Resources PLC

Price: 4.05 GBX

Market: AIM
Market Cap: £42.92 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Ariana Resources PLC named herein, including the promotion by the Company of Ariana Resources PLC in any Content on the Site, the Company...



Mining Capital turnout 'a good cross-section of industry sentiment'

Alastair Ford looks back on this week's Proactive Investors Mining Capital conference in London. ''The room was full throughout the morning, standing room only at some points throughout the day and a huge amount of interest in the networking room during the breaks''. ''It was...

on 05/04/2018

2 min read