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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

AIM:AAU
Market: AIM
Market Cap: £42.92 m
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