Proactive Investors - Run By Investors For Investors

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."

 
View full AAU profile View Profile

Ariana Resources PLC Timeline

Copyright © Proactiveinvestors.com, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use